Ivy Preparatory Academy At Gwinnett Inc
- Assets
- $304.4k
- Revenue
- $24.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Atlanta, GA
- Founding
- 08/2014
- Data as of
- 06/2019
- EIN
- 46-4441063
Organization Overview
Ivy Preparatory Academy At Gwinnett Inc, operating under the name Ivy Preparatory Academy-Gwinne, is located in Atlanta, GA. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2019, Ivy Preparatory Academy-Gwinne employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Preparatory Academy-Gwinne 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 06/2019, Ivy Preparatory Academy-Gwinne generated $24.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (61.7%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF CHARTER SCHOOL AND RELATED SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND RELATED SERVICES TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor D Tate Chairman | Officer | 2 | $0 |
Mary Shepherd Board Member | Officer | 2 | $0 |
Mary Thompson Board Member | Officer | 2 | $0 |
Kimberly Lucas Vice-Chair | Officer | 0 | $0 |
William Epps Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,550 |
| 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 | $23,967 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | -$379,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,568 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,944 |
| Total assets | $304,401 |
| Accounts payable and accrued expenses | $21,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,754,856 |
| Total liabilities | $1,776,656 |
| Net assets without donor restrictions | -$1,472,255 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,472,255 |
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|---|---|---|
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Downtown Doral Charter Elementary School Inc Doral, FL | $28,691,457 | $12,580,440 |
Treasure Coast Classical Academy Inc Stuart, FL | $18,970,994 | $9,972,705 |
Falls Lake Academy Inc Creedmoor, NC | $23,874,712 | $10,593,661 |
Vance Charter School Inc Henderson, NC | $7,623,358 | $10,441,368 |
Miami Community Charter School Inc Florida City, FL | $11,438,494 | $11,592,635 |
Liza Jackson Preparatory School Fort Walton Beach, FL | $27,394,935 | $10,988,958 |
Sarasota Suncoast Academy Sarasota, FL | $13,154,029 | $9,338,416 |
Nashville Classical Nashville, TN | $8,440,189 | $10,847,605 |
Tennessee Scholar Academies Memphis, TN | $4,237,856 | $9,853,092 |
Pinnacle Classical Academy Shelby, NC | $24,218,850 | $11,125,515 |