Pre-K Preparatory Learning Academy
- Assets
- $520.3k
- Revenue
- $665.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Gainesville, GA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-5387642
Organization Overview
Pre-K Preparatory Learning Academy is located in Gainesville, GA. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Pre-K Preparatory Learning Academy employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pre-K Preparatory Learning 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 12/2021, Pre-K Preparatory Learning Academy generated $665.8k in total revenue. All expenses for the organization totaled $458.5k during the year ending 12/2021. While expenses have increased by 84.4% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIVE CHILDREN THE TOOLS THEY NEED TO PREPARE THEM FOR TOMMORROW
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVE CHILDREN THE TOOLS THEY NEED TO PREPARE THE FOR TOMORROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Bell Secretary | OfficerTrustee | 1 | $0 |
Tamiko Condoll Vice President | OfficerTrustee | 1 | $0 |
Jill Avery Treasurer | OfficerTrustee | 1 | $0 |
Arbendette Van President | Officer | 83 | $0 |
Jeremiah Biount Trustee | Trustee | 0 | $0 |
Patricia M Cole Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $565,010 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $665,773 |
| 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 | $665,773 |
| 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. | $63,411 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,772 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $624 |
| Office expenses | $2,721 |
| Information technology | $2,543 |
| 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 | $641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,515 |
| All other expenses | $156,096 |
| Total functional expenses | $458,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,915 |
| 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 | $0 |
| Investments—publicly traded securities | $100,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,540 |
| Total assets | $520,304 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $7,871 |
| Other liabilities | $149,900 |
| Total liabilities | $157,771 |
| 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 | $362,533 |
| Total liabilities and net assets/fund balances | $520,304 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pre-K Preparatory Learning Academy has recieved totaling $41,991.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $28,776 |
National Association For The Exchange Of Industrial Resources I Galesburg, IL PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $13,175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orange County School Readiness Coalition Orlando, FL | $11,104,395 | $96,605,427 |
Aaa Scholarship Foundation Inc Tampa, FL | $113,422,809 | $128,005,629 |
Advantage Academy Of Miami Inc Coral Springs, FL | $84,964,463 | $47,818,092 |
Early Learning Coalition Of North Florida Inc St Augustine, FL | $2,511,056 | $46,500,622 |
Early Learning Coalition Of The Big Bend Region Inc Tallahassee, FL | $3,517,210 | $28,785,709 |
Sunbelt Human Advancement Resources Inc Greenville, SC | $42,359,906 | $37,809,843 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Early Learning Coalition Of Manatee County Inc Palmetto, FL | $3,933,287 | $24,367,222 |
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Early Learning Coalition Of Alachua County Inc Gainesville, FL | $2,583,138 | $21,532,954 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |