Palmetto Preparatory Academy Inc
- Assets
- $322.9k
- Revenue
- $316.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 80-0649492
Organization Overview
Palmetto Preparatory Academy Inc is located in Columbia, SC. The organization was established in 2011. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmetto Preparatory 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 12/2021, Palmetto Preparatory Academy Inc generated $316.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $433.5k during the year ending 12/2021. While expenses have increased by 12.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETIC TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Henry VP | OfficerTrustee | 1 | $0 |
Michael Foster Board Member | OfficerTrustee | 1 | $0 |
Wes Dorton Sec Treasurer | Officer | 15 | $0 |
Larry Marchant Board Member | Trustee | 1 | $0 |
Willie Green Board Member | Trustee | 1 | $0 |
Glenn Wigfall Board Member | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $316,908 |
| 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 | $316,908 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $99,086 |
| Fees for services: Legal | $15,030 |
| 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 | $13,499 |
| Office expenses | $4,526 |
| Information technology | $758 |
| Royalties | $0 |
| Occupancy | $183,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,146 |
| All other expenses | $37,126 |
| Total functional expenses | $433,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $318,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,943 |
| 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 | $2,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $322,928 |
| Accounts payable and accrued expenses | $28,716 |
| 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 | $499,900 |
| Other liabilities | $47,033 |
| Total liabilities | $575,649 |
| 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 | -$252,721 |
| Total liabilities and net assets/fund balances | $322,928 |
Peer Organizations
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|---|---|---|
Peach Bowl Inc Atlanta, GA | $61,887,309 | $45,717,614 |
Cobb Football League Inc Kennesaw, GA | $196,640 | $753,660 |
Palmetto Preparatory Academy Inc Columbia, SC | $322,928 | $316,908 |
Cherokee Youth Football Associationincoporated Woodstock, GA | $203,665 | $479,139 |
Pop Warner Little Scholars Inc Charlotte, NC | $433,698 | $504,144 |
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Collins Hill Touchdown Club Inc Lawrenceville, GA | $18,337 | $231,309 |