Odyssey Preparatory Academy Inc
- Assets
- $78.6m
- Revenue
- $32.6m
- Investments
- $0.0
- Employees
- 408
- Location
- Buckeye, AZ
- Founding
- 09/2009
- Data as of
- 06/2022
- 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 06/2022, Odyssey Preparatory Academy Inc employed 408 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 06/2022, Odyssey Preparatory Academy Inc generated $32.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $31.9m during the year ending 06/2022. While expenses have increased by 7.0% 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
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. THROUGH THE USE OF INNOVATIVE CURRICULUM AND TECHNOLOGY, STUDENTS AT ODYSSEY WILL BE PREPARED TO LEAD IN THE EVER-CHANGING GLOBAL MARKET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Olson Co-Exec Direct | OfficerTrustee | 40 | $138,519 |
Holly Johnson Co-Exec Direct | OfficerTrustee | 40 | $139,819 |
Elaine Mc Cormack CFO | Officer | 40 | $22,711 |
Neal Mc Donald Director | Trustee | 40 | $17,388 |
Kathryn Tracy Director | Trustee | 5 | $0 |
John Bauer Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drip In Turf Landscaping | 6/29/22 | $478,403 |
Accel Sped Services | 6/29/22 | $490,655 |
Buckeye Uhsd Sped Services | 6/29/22 | $396,046 |
Academic Integration Services Staffing Services | 6/29/22 | $327,335 |
Lightstreet Sped Services | 6/29/22 | $536,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,728,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,737,022 |
| Total Program Service Revenue | $1,760,326 |
| Investment income | $26,694 |
| 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 | $32,559,727 |
| 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. | $427,342 |
| Compensation of current officers, directors, key employees. | $38,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,085,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,253,915 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,253 |
| Fees for services: Accounting | $41,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,231,589 |
| Advertising and promotion | $156,759 |
| Office expenses | $1,061,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,395,687 |
| Travel | $44,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,518,434 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,136,697 |
| Insurance | $297,414 |
| All other expenses | $0 |
| Total functional expenses | $31,947,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,482,382 |
| Savings and temporary cash investments | $4,508,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $965,738 |
| 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 | $35,758 |
| Net Land, buildings, and equipment | $61,011,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,567,641 |
| Total assets | $78,570,938 |
| Accounts payable and accrued expenses | $4,824,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $86,179,891 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $264,949 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,269,309 |
| Net assets without donor restrictions | -$12,698,371 |
| 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 | $78,570,938 |