Hogan Preparatory Academy Inc
- Assets
- $30.6m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 152
- Location
- Kansas City, MO
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 43-1817830
Organization Overview
Hogan Preparatory Academy Inc is located in Kansas City, MO. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Hogan Preparatory Academy Inc employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hogan 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, Hogan Preparatory Academy Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $14.3m during the year ending 06/2023. While expenses have increased by 1.6% 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
HOGAN PREPARATORY ACADEMY IS AN EXCEPTIONAL K-12 PUBLIC CHARTER SCHOOL WHERE STUDENTS BECOME COMPASSIONATE LEADERS WHO ARE COLLEGE AND CAREER READY WITH A DISTINCT COMPETITIVE ADVANTAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN AN EDUCATION INSTITUTION SERVING 1,031 ENROLLED STUDENTS IN SCHOOL GRADES K THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayson Strickland Superintende | Officer | 40 | $231,073 |
Danielle Binion Member | Trustee | 0.25 | $0 |
Matt Sampson Member | Trustee | 0.25 | $0 |
John Welchen Member | Trustee | 0.25 | $0 |
Robin Carlson Secretary | OfficerTrustee | 0.25 | $0 |
Dave Collier Treasurer | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kcps Food Food Services | 6/29/23 | $470,603 |
Edops Accounting | 6/29/23 | $180,000 |
K12itc It Services | 6/29/23 | $208,856 |
Operation Breakthrough Pre-k Services | 6/29/23 | $159,774 |
Hi-gene's Janitorial Janitorial | 6/29/23 | $301,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $578,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,269 |
| Total Program Service Revenue | $16,272,022 |
| Investment income | $37,669 |
| 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 | $16,887,960 |
| 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 | $6,145,464 |
| Pension plan accruals and contributions | $637,852 |
| Other employee benefits | $536,174 |
| Payroll taxes | $430,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,747 |
| Fees for services: Accounting | $203,784 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $149,281 |
| Information technology | $191,586 |
| Royalties | $0 |
| Occupancy | $1,036,306 |
| Travel | $173,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,936 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $412,040 |
| Insurance | $6,693 |
| All other expenses | $227,164 |
| Total functional expenses | $14,263,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,707,208 |
| Savings and temporary cash investments | $17,863 |
| 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 | $19,828,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,553,121 |
| 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 | $14,563,919 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,563,919 |
| Net assets without donor restrictions | $15,989,202 |
| 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 | $30,553,121 |