York Preparatory Academy Inc
- Assets
- $40.1m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 304
- Location
- Rock Hill, SC
- Founding
- 02/2011
- Data as of
- 06/2024
- EIN
- 36-4641998
Organization Overview
York Preparatory Academy Inc is located in Rock Hill, SC. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, York Preparatory Academy Inc employed 304 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. York 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 06/2024, York Preparatory Academy Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $23.6m during the year ending 06/2024. While expenses have increased by 7.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF YORK PREPARATORY ACADEMY IS THAT ITS STUDENTS POSSESS THE KNOWLEDGE, SKILLS, CHARACTER, AND DETERMINATION NECESSARY TO EXCEL IN THEIR CHOSEN POST-SECONDARY PURSUITS IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING A STRONG BASE OF ACADEMICS AS SHOWN WITH 3RD GRADE READING PROFICIENCY SCORES ABOVE 70%.
ESTABLISHING A FOCUS ON INDIVIDUAL STUDENT GROWTH WHICH HAS BEEN RECOGNIZED BY THE AWARDING OF THE NATIONAL BLUE RIBBON AWARD, AN AWARD GIVEN TO THE TOP 1% OF SCHOOLS NATIONALLY.
HELPING STUDENTS BE SUCCESSFUL WITH A GRADUATION RATE BETWEEN 95-100 FOR 7 CONSECUTIVE YEARS EARNING THE SCHOOL RECOGNITION AS ONE OF US NEWS TOP HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Smith Chair | OfficerTrustee | 3 | $0 |
Stacy Chalmers Vice Chair | Trustee | 3 | $0 |
Ian Lawrence Finance Chair | Trustee | 3 | $0 |
Joe Medlin Secretary | Trustee | 3 | $0 |
Craig Craze Member At Large | Trustee | 3 | $0 |
Gwen Mugabe Member At Large | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ls3p Associates Ltd Architecture And Design | 6/29/21 | $113,602 |
Southern Builders Construction | 6/29/21 | $243,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,944,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,196 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,154,756 |
| Total Program Service Revenue | $1,088,095 |
| Investment income | $267,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,514,184 |
| 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. | $734,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,119,024 |
| Pension plan accruals and contributions | $790,411 |
| Other employee benefits | $1,569,082 |
| Payroll taxes | $918,994 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,119 |
| Fees for services: Accounting | $149,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,031 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $751,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,099,244 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,084,492 |
| Insurance | $82,029 |
| All other expenses | $0 |
| Total functional expenses | $23,608,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,221,495 |
| Savings and temporary cash investments | $0 |
| 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 | $1,240,292 |
| Net Land, buildings, and equipment | $26,312,173 |
| Investments—publicly traded securities | $3,157,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,177,026 |
| Total assets | $40,108,877 |
| Accounts payable and accrued expenses | $1,337,391 |
| Grants payable | $0 |
| Deferred revenue | $3,830 |
| 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 | $36,749,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,090,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,018,446 |
| 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 | $40,108,877 |