Cincinnati College Preparatory Academy
- Assets
- $10.3m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 154
- Location
- Cincinnati, OH
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 22-3619461
Organization Overview
Cincinnati College Preparatory Academy is located in Cincinnati, OH. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Cincinnati College Preparatory Academy employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati College 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 06/2022, Cincinnati College Preparatory Academy generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $10.3m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HOLISTICALLY GUIDE AND DIRECT STUDENTS IN THE DEVELOPMENT OF PERSONAL CHARACTER AND ACADEMIC POTENTIAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY RECEIVES THE MAJORITY OF ITS REVENUE FROM THE STATE AND FEDERAL GOVERNMENT FOR THE EDUCATATION OF 906 STUDENTS THAT ATTEND THE SCHOOL. THE ACADEMY'S MAIN PROGRAM SERVICE IS THE INSTRUCTION AND INSTRUCTIONAL AID PROVIDED TO THOSE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guyton Mathews Chief Administrator | Officer | 40 | $148,868 |
Ron Gore Board President | OfficerTrustee | $0 | |
Elbert Woods Member | Trustee | $0 | |
Cindy Jones Member | Trustee | 1 | $0 |
Glenda Cousins Member | Trustee | $0 | |
Natalie Schwab Member | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dad's Catering Food Services | 6/29/22 | $390,612 |
Fp Janitorial Service Llc Cleaning Services | 6/29/22 | $237,059 |
Mangen & Associates Llc Fiscal Services | 6/29/22 | $255,875 |
Miniya Academies Education Services | 6/29/22 | $101,570 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,079,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,079,537 |
| Total Program Service Revenue | $199,186 |
| Investment income | $7,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,285,749 |
| 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. | $148,868 |
| Compensation of current officers, directors, key employees. | $148,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,977,858 |
| Pension plan accruals and contributions | $711,178 |
| Other employee benefits | $606,307 |
| Payroll taxes | $72,481 |
| Fees for services: Management | $329,080 |
| Fees for services: Legal | $49,073 |
| Fees for services: Accounting | $315,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,499 |
| Office expenses | $283,344 |
| Information technology | $23,621 |
| Royalties | $0 |
| Occupancy | $1,134,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $103,683 |
| All other expenses | $0 |
| Total functional expenses | $10,338,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,681,659 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,610,394 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,292,053 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,616,776 |
| Net assets with donor restrictions | $675,277 |
| 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 | $10,292,053 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cincinnati College Preparatory Academy has recieved totaling $35,997.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $10,500 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $10,000 |
Fc Cincinnati Foundation Cincinnati, OH PURPOSE: WEST END COMMUNITY BUILDING | $9,800 |
Most Valuable Kids Inc Cincinnati, OH PURPOSE: TO PROMOTE AN APPRECIATION FOR SPORTING AND CULTURAL EVENTS FOR UNDERPRIVILEGED CHILDREN | $5,697 |
Endowment Analysis
| Beg. Balance | $756,999 |
| Admin Expense | $142,201 |
| Net Contributions | $2,995,596 |
| Ending Balance | $3,610,394 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mastery Charter High School Philadelphia, PA | $43,740,057 | $52,618,647 |
Philadelphia Performing Arts A String Theory Charter School Philadelphia, PA | $27,708,411 | $43,176,770 |
Avon Grove Charter School West Grove, PA | $50,579,082 | $34,467,872 |
Lehigh Valley Academy Charter School Bethlehem, PA | $96,198,987 | $32,574,812 |
First Philadelphia Preparatory Charter School Philadelphia, PA | $56,045,316 | $34,220,830 |
Phalen Leadership Academy-Indiana Inc Indianapolis, IN | $19,837,313 | $31,079,119 |
Three Pillars - An Educational Services Provider Royal Oak, MI | $4,279,920 | $27,789,586 |
Esperanza Academy Charter School Philadelphia, PA | $8,238,215 | $31,395,314 |
Propel Schools Inc Pittsburgh, PA | $19,245,197 | $27,845,397 |
Mastery Charter School - Gratz Campus Philadelphia, PA | $16,140,375 | $29,364,877 |
Environmental Charter School At Frick Park An Imagine School Pittsburgh, PA | $18,357,238 | $25,073,530 |
Olney Charter High School An Aspira Inc Of Pennsylvania School Philadelphia, PA | $14,352,418 | $33,920,672 |