Orangeburg Preparatory Schools Inc
- Assets
- $4.3m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 146
- Location
- Orangeburg, SC
- Founding
- 10/1985
- Data as of
- 05/2024
- EIN
- 57-0788617
Organization Overview
Orangeburg Preparatory Schools Inc is located in Orangeburg, SC. The organization was established in 1985. 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 05/2024, Orangeburg Preparatory Schools Inc employed 146 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orangeburg Preparatory Schools 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 05/2024, Orangeburg Preparatory Schools Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $5.4m during the year ending 05/2024. While expenses have increased by 0.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE SCHOOL SERVING GRADES K-12
Describe the Organization's Program Activity:
INSTRUCTIONAL SERVICES FOR THE EDUCATION OF STUDENTS FROM K-12
INSTRUCTIONAL SERVICES FOR THE EDUCATION OF STUDENTS FROM K-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebekkah Brailsford Treasurer | OfficerTrustee | $0 | |
Jack Bryant Director | Trustee | $0 | |
Martha Burleson Secretary | OfficerTrustee | $0 | |
Michael Delaney Director | Trustee | $0 | |
Parker Dempsey Director | Trustee | $0 | |
Thomas B Gue Chairman | OfficerTrustee | 2 | $0 |
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 | $188,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,571 |
| Total Program Service Revenue | $4,523,390 |
| Investment income | $197,082 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,744 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,954,963 |
| 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 | $3,217,148 |
| Pension plan accruals and contributions | $63,268 |
| Other employee benefits | $117,929 |
| Payroll taxes | $234,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,061,868 |
| Advertising and promotion | $8,944 |
| Office expenses | $47,570 |
| Information technology | $42,330 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | -$272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,718 |
| Insurance | $120,468 |
| All other expenses | $0 |
| Total functional expenses | $5,399,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,944 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $668 |
| Prepaid expenses and deferred charges | $9,617 |
| Net Land, buildings, and equipment | $2,113,479 |
| Investments—publicly traded securities | $1,194,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $215 |
| Total assets | $4,253,221 |
| Accounts payable and accrued expenses | $505,745 |
| Grants payable | $0 |
| Deferred revenue | $1,003,131 |
| 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 | $400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,908,876 |
| Net assets without donor restrictions | $2,314,345 |
| Net assets with donor restrictions | $30,000 |
| 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 | $4,253,221 |