Lafayette Preparatory Academy Inc
- Assets
- $4.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 53
- Location
- St Louis, MO
- Founding
- 02/2012
- Data as of
- 06/2021
- 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 06/2021, Lafayette Preparatory Academy Inc employed 53 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 06/2021, Lafayette Preparatory Academy Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 17.3% per year over the past 6 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
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 |
|---|---|---|---|
Susan Marino Executive Director | Officer | 40 | $127,226 |
Hedda S Etherington-Hall Board President | OfficerTrustee | 5 | $0 |
Michael Miller Treasurer | OfficerTrustee | 5 | $0 |
Michelle Neals Secretary | OfficerTrustee | 5 | $0 |
Allison Barudin-Dodds Director | Trustee | 2 | $0 |
Paul Brown Director | Trustee | 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 |
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 | $832 |
| Related organizations | $0 |
| Government grants | $4,398,589 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,097 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,525,518 |
| Total Program Service Revenue | $18,386 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,594,949 |
| 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 | $171,260 |
| Other salaries and wages | $2,005,668 |
| Pension plan accruals and contributions | $328,537 |
| Other employee benefits | $220,982 |
| Payroll taxes | $147,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,651 |
| Fees for services: Accounting | $9,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $366,945 |
| Advertising and promotion | $742 |
| Office expenses | $192,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $523,580 |
| Travel | $860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,018 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,570 |
| Insurance | $19,009 |
| All other expenses | $0 |
| Total functional expenses | $4,177,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168,527 |
| Savings and temporary cash investments | $1,863,084 |
| 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 | $2,036,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,068,008 |
| 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 | $1,755,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,755,562 |
| Net assets without donor restrictions | $2,312,446 |
| 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 | $4,068,008 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lafayette Preparatory Academy Inc has recieved totaling $25,250.
| Awarding Organization | Amount |
|---|---|
The Opportunity Trust St Louis, MO PURPOSE: HIGH PERFORMING EXPANSION | $15,250 |
Vanguard Charitable Endowment Program Southeastern, PA PURPOSE: FOR RECIPIENT'S EXEMPT PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
New Day Schools Inc Memphis, TN | $9,085,681 | $16,072,586 |
Frayser Community Schools Memphis, TN | $7,157,256 | $13,575,015 |
Stem Preparatory Academy Nashville, TN | $14,161,717 | $16,997,797 |
Kc International Academy Kansas City, MO | $9,713,420 | $12,385,285 |
Chicago Education Partnership Chicago, IL | $4,702,841 | $11,929,618 |
Eagle College Prep Endeavor Inc St Louis, MO | $2,828,095 | $10,437,038 |
Nashville Classical Nashville, TN | $8,440,189 | $10,847,605 |