Odyssey Preparatory Academy Inc
- Assets
- $75.5m
- Revenue
- $28.2m
- Investments
- $0.0
- Employees
- 378
- Location
- Buckeye, AZ
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 26-2253742
Organization Overview
Odyssey Preparatory Academy Inc is located in Buckeye, AZ. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Odyssey Preparatory Academy Inc employed 378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odyssey Preparatory Academy Inc 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 06/2021, Odyssey Preparatory Academy Inc generated $28.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $28.7m during the year ending 06/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ODYSSEY'S MISSION IS TO DEVELOP INQUIRING, KNOWLEDGEABLE,AND CARING SCHOLARS WHO WORK TO CREATE A BETTER AND MORE PEACEFUL COMMUNITY THROUGH INTERCULTURAL AWARENESS, UNDERSTANDING, AND RESPECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO STUDENTS IN PRESCHOOL THROUGH TWELFTH GRADE. ODYSSEY PROVIDES A SAFE AND SECURE ENVIRONMENT WHERE ALL CHILDREN ARE GIVEN THE OPPORTUNITY TO DISCOVER AND USE THEIR TALENTS TO MAKE A POSITIVE IMPACT ON THEIR COMMUNITY AND THE WORLD. HROUGH THE USE OF INNOVATIVE CURRICULUM AND TECHNOLOGY, STUDENTS AT ODYSSEY WILL BE PREPARED TO LEAD IN THE EVER-CHANGING GLOBAL MARKET PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Johnson Director/co-Executive Director | OfficerTrustee | 45 | $145,327 |
Megan Olson Director/co-Executive Director | OfficerTrustee | 45 | $144,015 |
Elaine Mccormack Chief Fincial Officer | Officer | 45 | $113,476 |
John Bauer Director | Trustee | 3 | $0 |
Jeff Caler Director | Trustee | 3 | $0 |
Kathryn Tracy Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accel Sped Services | 6/29/21 | $622,000 |
Cigna Healthcare | 6/29/21 | $675,283 |
Buckeye Uhsd Sped Services | 6/29/21 | $531,036 |
Learn It Sped Services | 6/29/21 | $517,493 |
Drip In Turf Landscaping | 6/29/21 | $422,939 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,557,337 |
| Investment income | $23,675 |
| 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 | $28,243,391 |
| Statement of Expenses | |
|---|---|
| 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. | $264,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,053,818 |
| Pension plan accruals and contributions | $154,910 |
| Other employee benefits | $953,629 |
| Payroll taxes | $891,527 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,008 |
| Fees for services: Accounting | $42,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,298,857 |
| Advertising and promotion | $105,353 |
| Office expenses | $853,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,644,823 |
| Travel | $12,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,100 |
| Interest | $4,774,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,049,608 |
| Insurance | $140,148 |
| All other expenses | $0 |
| Total functional expenses | $28,723,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,418,472 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,243 |
| 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 | $470,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,530,982 |
| Accounts payable and accrued expenses | $2,309,022 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $86,020,189 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $512,018 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $88,841,229 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$13,310,247 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Odyssey Preparatory Academy Inc has recieved totaling $1,039.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,039 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |