Richard Allen Preparatory Inc
- Assets
- $2.7m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 31-1690658
Organization Overview
Richard Allen Preparatory Inc is located in Dayton, OH. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richard Allen Preparatory 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, Richard Allen Preparatory Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $5.1m during the year ending 06/2021. While expenses have increased by 28.3% 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
RICHARD ALLEN SCHOOLS ARE COMMITTED TO EDUCATING STUDENTS IN THE SPIRIT OF THE LIFE OF THE COURAGEOUS LEADER, BISHOP RICHARD ALLEN. CONSEQUENTLY, INTEGRAL TO THEIR INTELLECTUAL, MORAL, AND SOCIAL DEVELOPMENT, RICHARD ALLEN GRADUATES: DEMONSTRATE ACADEMIC PROFICIENCY, DEMONSTRATE SELF-DISCIPLINE AND SELF-RELIANCE, RESPECT THE WORTH AND DIGNITY OF SELF AND OTHERS, EMBRACE RESPONSIBILITY,ACTIVE CITIZENRY, SERVE OTHERS: ESPECIALLY THE DISADVANTAGED, AND WORK TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDED EDUCATION TO 364 STUDENTS.
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 |
|---|---|---|---|
Todd Johnson Treasurer | Officer | 1 | $0 |
Sandra Kidd Member | Trustee | 1 | $0 |
Devine West Member | Trustee | 1 | $0 |
Corey Lynn Patton Member | Trustee | 1 | $0 |
Connie Melson Member | Trustee | 1 | $0 |
Rhine Mclin Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Institute For Management And Resources Education Management | 6/29/18 | $438,127 |
Educational Management And Development G Management Services | 6/29/18 | $432,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,933,098 |
| 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 | $4,933,098 |
| Total Program Service Revenue | $1,042,283 |
| Investment income | $0 |
| 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 | $6,003,196 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $311,105 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,962,570 |
| Advertising and promotion | $0 |
| Office expenses | $525,051 |
| Information technology | $22,948 |
| Royalties | $0 |
| Occupancy | $232,892 |
| 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 | $10,873 |
| Insurance | $0 |
| All other expenses | $31,797 |
| Total functional expenses | $5,097,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $722,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $152,727 |
| Accounts receivable, net | $246,229 |
| 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 | $1,267,625 |
| Net Land, buildings, and equipment | $95,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,798 |
| Total assets | $2,726,410 |
| Accounts payable and accrued expenses | $337,115 |
| Grants payable | $97,060 |
| Deferred revenue | $706,058 |
| 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 | $3,989,993 |
| Total liabilities | $5,130,226 |
| Net assets without donor restrictions | -$2,482,789 |
| Net assets with donor restrictions | $78,973 |
| 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 | $2,726,410 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richard Allen Preparatory Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Mastery Charter School - Smedley Elementary Philadelphia, PA | $9,574,548 | $16,285,850 |