Peace Preparatory Academy
- Assets
- $1.9m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 25
- Location
- Atlanta, GA
- Founding
- 05/2014
- Data as of
- 07/2021
- EIN
- 46-1175947
Organization Overview
Peace Preparatory Academy is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 07/2021, Peace Preparatory Academy employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peace 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 07/2021, Peace Preparatory Academy generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $1.4m during the year ending 07/2021. 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
PEACE PREPARATORY ACADEMY SEEKS TO BE A PLACE THAT EDUCATES THE WHOLE CHILD, SUPPORTS THE WHOLE FAMILY, AND PROVIDES GROWTH AND CHANGE OPPORTUNITIES FOR THE WHOLE COMMUNITY IN A HIGH QUALITY, CHRIST-CENTERED LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEACE PREPARATORY RAISES FUNDS BY MOSTLY INDIVIDUAL DONORS TO PROVIDE SCHOOLING TO CHILDREN. ALL STATED REVENUE AND EXPENDITURES ARE DIRECTLY RELATED TO THE ADMINISTRATION OF AND OVERHEAD ASSOCIATED WITH THE SCHOOL PROGRAM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Wills Founder, Ex-Oficio | OfficerTrustee | 40 | $0 |
Lee Torrence Board Vice-Chair | Trustee | 0 | $0 |
Andrew Case Treasurer | Trustee | 0 | $0 |
Josh Robinson Board Chair | Trustee | 0 | $0 |
Kimberly Gillespie Board Member | Trustee | 0 | $0 |
Robin Merrill Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $250,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,591,281 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,281 |
| Total Program Service Revenue | $2,220 |
| 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 | $1,843,501 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $849,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $127,435 |
| Payroll taxes | $73,597 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,566 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,761 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,036 |
| All other expenses | $52,774 |
| Total functional expenses | $1,415,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,198 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,903 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,558,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,908,765 |
| Accounts payable and accrued expenses | $44,621 |
| 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 | $110,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $154,885 |
| Net assets without donor restrictions | $0 |
| 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 | $1,753,880 |
| Total liabilities and net assets/fund balances | $1,908,765 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Peace Preparatory Academy has recieved totaling $503,213.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $374,086 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $43,600 |
Cheria Foundation Inc Atlanta, GA PURPOSE: General Support | $35,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $18,513 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
World Outreach Fund Atlanta, GA PURPOSE: GENERAL GRANT (AS PART OF THE DESIRE ST PARTNERS) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Southside Christian School Upstate Simpsonville, SC | $26,226,649 | $22,389,092 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
University School Of Jackson Jackson, TN | $24,986,142 | $15,584,581 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
St Josephs Catholic School Inc Greenville, SC | $14,971,658 | $11,855,482 |