Lafayette Preparatory Academy Inc
- Assets
- $5.4m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 69
- Location
- St Louis, MO
- Founding
- 02/2012
- Data as of
- 06/2023
- EIN
- 27-4702106
Organization Overview
Lafayette Preparatory Academy Inc is located in St Louis, MO. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Lafayette Preparatory Academy Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette 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 06/2023, Lafayette Preparatory Academy Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 14.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS FOR ACADEMIC AND COLLEGIATE SUCCESS AND TO EQUIP STUDENTS TO ENTER THE WORLD AS ACTIVE, RESPONSIBLE, AND INVOLVED CITIZENS AND LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL PROVIDING EDUCATIONAL SERVICES FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE IN THE CITY OF ST. LOUIS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hedda S Etherington-Hall Director | Trustee | 2 | $0 |
Michael Miller Treasurer | OfficerTrustee | 5 | $0 |
Paul Brown Vice President | OfficerTrustee | 2 | $0 |
Tina Grimes Director | Trustee | 2 | $0 |
Michelle Neals Secretary | OfficerTrustee | 5 | $0 |
Joe Olwig President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miriam Learning Center Student Services | 6/29/20 | $131,669 |
Ceres Food Group Food Services | 6/29/20 | $103,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,643,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,715,553 |
| Total Program Service Revenue | $187,406 |
| Investment income | $60,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,402 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,021,188 |
| 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. | $168,593 |
| Compensation of current officers, directors, key employees. | $168,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,347,873 |
| Pension plan accruals and contributions | $337,336 |
| Other employee benefits | $249,657 |
| Payroll taxes | $185,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,420 |
| Fees for services: Accounting | $14,048 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $534,803 |
| Advertising and promotion | $698 |
| Office expenses | $216,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $579,462 |
| Travel | $18,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,117 |
| Insurance | $15,414 |
| All other expenses | $0 |
| Total functional expenses | $4,866,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,324 |
| Savings and temporary cash investments | $3,241,068 |
| 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 | $2,010,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,448,811 |
| 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 | $1,591,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,591,137 |
| Net assets without donor restrictions | $3,857,674 |
| 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 | $5,448,811 |