East Branch Preparatory Academy
- Assets
- $1.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, OH
- Founding
- Data as of
- 06/2022
- EIN
- 81-2234995
Organization Overview
East Branch Preparatory Academy, operating under the name Wright Preparatory Academy, is located in Canton, OH. Wright Preparatory 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 06/2022, Wright Preparatory Academy generated $2.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 10.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WRIGHT PREPARATORY ACADEMY/EAST BRANCH PREPARATORY IS A SMALL CHARTER SCHOOL IN CANTON, OHIO WITH A BIG MISSION-TO CHANGE STUDENTS' LIVES FOR THE BETTER. BY OFFERING AMPLE TIME, SUPPORT, AND RIGOROUS ACADEMIC STANDARDS, WE STRIVE TO GROW STUDENTS THAT ARE BOTH ACADEMICALLY PREPARED AND SOCIALLY INTEGRATED. AND BETWEEN OUR EMPHASIS ON READING AND MATH AND A LASTING COMMITMENT TO THOROUGH AND ACCURATE STUDENT EVALUATION, WRIGHT PREP DELIVERS THE CRUCIAL ELEMENTS OF A MEANINGFUL, NURTURING LEARNING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WRIGHT PREP CURRENTLY UTILIZES CURRICULUM THAT ARE RICH IN CURRENT COMMON CORE STANDARDS AND EXPECTATIONS FOR ALL STUDENTS. OUR TEACHERS HAVE BEEN EXTENSIVELY TRAINED IN THEIR CURRICULUM AREAS, AS WELL AS IN COMMON CORE. ADDITIONALLY, CO-TEACHING AND TEACHER COLLABORATION ARE UTILIZED TO STRENGTHEN COMMON CORE LEARNING EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim George Board President | Trustee | 2 | $750 |
Dawn Gummo Board Member | Trustee | 1 | $750 |
Justin Pardi Board Secretary | Trustee | 1 | $750 |
Donald Cureton Board Treasurer | Trustee | 1 | $750 |
David Montesano Board Member | Trustee | 1 | $750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accel Schools Educational Management | 6/29/22 | $545,818 |
Total Education Solutions Education Services | 6/29/22 | $125,570 |
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 | $2,178,397 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,178,397 |
| 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 | $2,178,397 |
| 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 | $630,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $193,850 |
| Payroll taxes | $0 |
| Fees for services: Management | $352,670 |
| Fees for services: Legal | $15,715 |
| Fees for services: Accounting | $44,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $322,115 |
| Advertising and promotion | $43,899 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $190,342 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $35,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,122 |
| Insurance | $9,485 |
| All other expenses | $6,286 |
| Total functional expenses | $2,219,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $169,871 |
| Accounts receivable, net | $3,911 |
| 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 | $9,000 |
| Net Land, buildings, and equipment | $478,569 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $523,550 |
| Total assets | $1,339,571 |
| Accounts payable and accrued expenses | $550,179 |
| 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 | $1,792,987 |
| Total liabilities | $2,343,166 |
| Net assets without donor restrictions | -$1,003,595 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,339,571 |
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