Logos Preparatory Academy
- Assets
- $6.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 132
- Location
- Sugar Land, TX
- Founding
- 11/2005
- Data as of
- 05/2024
- EIN
- 20-0864550
Organization Overview
Logos Preparatory Academy is located in Sugar Land, TX. The organization was established in 2005. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 05/2024, Logos Preparatory Academy employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logos Preparatory Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2024, Logos Preparatory Academy generated $5.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $3.7m during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AN ALTERNATIVE EDUCATIONAL CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE EDUCATIONAL NEEDS OF COMMUNITY.
SERVE EDUCATIONAL NEEDS OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Mcilvoy President/he | Officer | 40 | $112,000 |
Tim Alcorn Secretary | Trustee | $0 | |
Mike Cabrio Director | Trustee | $0 | |
Billy Easter Director | Trustee | $0 | |
Kevin Edelbrock Director | Trustee | $0 | |
Chris George Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $907,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $282,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,190,053 |
| Total Program Service Revenue | $4,345,076 |
| Investment income | $246,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $84,130 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,868,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,460,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,614 |
| Payroll taxes | $189,586 |
| Fees for services: Management | $75,437 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,604 |
| Advertising and promotion | $13,538 |
| Office expenses | $97,420 |
| Information technology | $7,930 |
| Royalties | $0 |
| Occupancy | $348,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,403 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,753 |
| Insurance | $60,572 |
| All other expenses | $0 |
| Total functional expenses | $3,680,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,806 |
| Savings and temporary cash investments | $5,726,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $152,908 |
| Net Land, buildings, and equipment | $87,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,382 |
| Total assets | $6,883,861 |
| Accounts payable and accrued expenses | $16,262 |
| Grants payable | $0 |
| Deferred revenue | $94,612 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,003 |
| Total liabilities | $147,877 |
| Net assets without donor restrictions | $6,735,984 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,883,861 |