Columbus Preparatory Academy
- Assets
- $5.9m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 59
- Location
- Columbus, OH
- Founding
- 08/2010
- Data as of
- 06/2022
- EIN
- 42-1622092
Organization Overview
Columbus Preparatory Academy is located in Columbus, OH. The organization was established in 2010. 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, Columbus Preparatory Academy employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Preparatory Academy 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, Columbus Preparatory Academy generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.2m during the year ending 06/2022. While expenses have increased by 0.3% 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
TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL CHOICE TO STUDENTS AND FAMILIES OF THIS COMMUNITY. THE ORGANIZATION IS PRIMARILY ENGAGED IN PROVIDING INSTRUCTIONAL SERVICES TO ENROLLED STUDENTS IN GRADES K-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES FOR CHILDREN ENROLLED IN GRADES K-12 FOR THE 2020-2021 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Ditello President | OfficerTrustee | 1 | $5,000 |
John Newsome Vice President | OfficerTrustee | 1 | $250 |
Nikki Barron Treasurer | OfficerTrustee | 1 | $5,000 |
Erin Addington Director | Trustee | 1 | $1,125 |
Aatish Patel Director | Trustee | 1 | $1,000 |
Joshua Johnson Director | Trustee | 1 | $250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tatonka Education Services Management Services | 6/29/22 | $781,414 |
Svcn 2 Llc Rent | 6/29/22 | $738,833 |
Preferred Meals Systems Student Food Services | 6/29/22 | $254,159 |
Tatonka Capital Corporation Education Services | 6/29/22 | $354,792 |
Accel Schools Llc Education Services | 6/29/22 | $410,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,579,146 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,630,046 |
| Total Program Service Revenue | $0 |
| 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 | $8,201,873 |
| 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 | $3,080,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,661 |
| Payroll taxes | $0 |
| Fees for services: Management | $330,000 |
| Fees for services: Legal | $24,593 |
| Fees for services: Accounting | $46,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,305 |
| Advertising and promotion | $5,333 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $847,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $232,786 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $962,957 |
| Insurance | $62,941 |
| All other expenses | $0 |
| Total functional expenses | $6,239,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $747,180 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $280,178 |
| Accounts receivable, net | $890 |
| 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 | $1,353,621 |
| Net Land, buildings, and equipment | $2,996,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $527,733 |
| Total assets | $5,906,053 |
| Accounts payable and accrued expenses | $340,786 |
| Grants payable | $0 |
| Deferred revenue | $3,588,710 |
| 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 | $4,102,899 |
| Other liabilities | $2,752,501 |
| Total liabilities | $10,784,896 |
| Net assets without donor restrictions | -$4,878,843 |
| 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 | $5,906,053 |