College Park Academy Inc
- Assets
- $7.8m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Riverdale Park, MD
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 46-2980755
Organization Overview
College Park Academy Inc is located in Riverdale Park, MD. The organization was established in 2013. 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, College Park Academy Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Park 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 06/2022, College Park Academy Inc generated $9.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 9.9% 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 A RIGOROUS COLLEGE-PREP EDUCATION FOR STUDENTS IN SIXTH THROUGH TWELFTH GRADE WITH ROBUST EXTRACURRICULAR ENRICHMENT PROGRAMS AND EARLY COLLEGE CREDIT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PARK ACADEMY SERVES STUDENTS IN SIXTH THROUGH TWELFTH GRADES, AND PROVIDES THEM WITH A ROBUST EDUCATIONAL CURRICULUM THAT WILL PREPARE THEM FOR COLLEGE. DURING THE 2021-2022 SCHOOL YEAR, THE ACADEMY HAD 677 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Abu-Arja Executive Director | Officer | 45 | $41,958 |
Robert Day Chair | OfficerTrustee | 0.5 | $0 |
Dr Segun Eubanks Vice Chair | OfficerTrustee | 0.5 | $0 |
Robert Catlin Treasurer | OfficerTrustee | 0.5 | $0 |
Carlo Colella Secretary | OfficerTrustee | 0.5 | $0 |
Senator James Rosapepe Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connections Education Llc Online Curriculum | 6/29/22 | $767,700 |
The Children's Guild Management/ Admin. Services | 6/29/22 | $491,921 |
Cbmc Group Cleaning Services | 6/29/22 | $112,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,057,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,770 |
| Noncash contributions included in lines 1a–1f | $2,895 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085,320 |
| Total Program Service Revenue | $7,953,124 |
| Investment income | $9,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,439 |
| 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 | $9,053,364 |
| 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. | $147,860 |
| Compensation of current officers, directors, key employees. | $103,502 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,843,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $443,352 |
| Payroll taxes | $310,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,068 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $360,840 |
| Advertising and promotion | $0 |
| Office expenses | $32,563 |
| Information technology | $1,594 |
| Royalties | $0 |
| Occupancy | $1,606,809 |
| Travel | $990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,657 |
| Insurance | $34,442 |
| All other expenses | $0 |
| Total functional expenses | $8,018,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $137,093 |
| Savings and temporary cash investments | $1,094,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $773,763 |
| 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 | $34,611 |
| Net Land, buildings, and equipment | $2,643,218 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,123,604 |
| Total assets | $7,806,759 |
| Accounts payable and accrued expenses | $108,829 |
| Grants payable | $0 |
| Deferred revenue | $5,091 |
| 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 | $3,384,071 |
| Total liabilities | $3,497,991 |
| Net assets without donor restrictions | $4,304,922 |
| Net assets with donor restrictions | $3,846 |
| 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 | $7,806,759 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that College Park Academy Inc has recieved totaling $195.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $195 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Democracy Prep Congress Heights Public Charter School CHARTER SCHOOL Washington, DC | $0 | $17,619,110 |
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 |
Ingenuity Prep Washington, DC | $6,189,682 | $17,892,639 |
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 |
Creative Minds International Public Charter School Washington, DC | $39,022,356 | $15,046,309 |
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 |
Corporation Of The Washington Latin School Washington, DC | $31,565,560 | $17,054,882 |