Petra Academy Inc
- Assets
- $11.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 83
- Location
- Bozeman, MT
- Founding
- 11/2000
- Data as of
- 07/2024
- EIN
- 81-0503427
Organization Overview
Petra Academy Inc is located in Bozeman, MT. The organization was established in 2000. 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 07/2024, Petra Academy Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petra 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 07/2024, Petra Academy Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $3.4m during the year ending 07/2024. While expenses have increased by 7.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO STUDENTS, GRADES PRE-K THROUGH 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ACADEMICALLY CHALLENGING, CLASSICAL EDUCATION TO 200+ STUDENTS, GRADES PRE-K THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justice Kerr Headmaster | Officer | 40 | $147,175 |
Joshua Weir Director | Trustee | 1 | $0 |
Dana Terry Board Chair | OfficerTrustee | 2 | $0 |
Jim Stumbo Director | Trustee | 1 | $0 |
Kristina Stewart Director | Trustee | 1 | $0 |
Megan Rosenstock Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Living Places Architectural | 7/30/24 | $509,825 |
The Focus Group Consulting | 7/30/24 | $128,161 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,182 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,758 |
| Noncash contributions included in lines 1a–1f | $2,362 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,940 |
| Total Program Service Revenue | $2,856,088 |
| Investment income | $103,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $98,270 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$34,136 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,243,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $226,256 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,500 |
| Compensation of current officers, directors, key employees. | $40,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,880,143 |
| Pension plan accruals and contributions | $55,417 |
| Other employee benefits | $0 |
| Payroll taxes | $168,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $17,712 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,565 |
| Advertising and promotion | $11,944 |
| Office expenses | $16,730 |
| Information technology | $29,502 |
| Royalties | $0 |
| Occupancy | $87,339 |
| 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 | $337,910 |
| Insurance | $27,645 |
| All other expenses | $72,323 |
| Total functional expenses | $3,407,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $402,728 |
| Savings and temporary cash investments | $26,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,418 |
| 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 | $78,122 |
| Net Land, buildings, and equipment | $9,086,402 |
| Investments—publicly traded securities | $2,041,140 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,718 |
| Total assets | $11,676,021 |
| Accounts payable and accrued expenses | $23,985 |
| Grants payable | $0 |
| Deferred revenue | $618,740 |
| 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 | $9,864 |
| Total liabilities | $652,589 |
| Net assets without donor restrictions | $9,966,807 |
| Net assets with donor restrictions | $1,056,625 |
| 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 | $11,676,021 |