Owasso Preparatory Academy Incorporated

Organization Overview

Owasso Preparatory Academy Incorporated is located in Owasso, OK. The organization was established in 2017. 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 06/2024, Owasso Preparatory Academy Incorporated employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owasso Preparatory Academy Incorporated 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 06/2024, Owasso Preparatory Academy Incorporated generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 36.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

OWASSO PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN SCHOOL IN THE UNIVERSITY-MODEL. THE CORPORATION'S MISSION IS TO PARTNER WITH PARENTS TO PREPARE STUDENTS FOR HIGHER EDUCATION THROUGH EXCEPTIONAL ACADEMICS, QUALITY EXTRACURRICULAR ACTIVITIES, AND PURPOSEFUL DEVELOPMENT OF CHRIST-LIKE CHARACTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OWASSO PREPARATORY ACADEMY PROVIDES EDUCATION AND TRAINING IN LANGUAGE, ARTS, MATHEMATICS, SCIENCE, HISTORY, PHYSICAL EDUCATION, AND VARIOUS EXTRACURRICULAR CLASSES. EXTRACURRICULAR CLASSES OFFERED IN THE 2022-2023 ACADEMIC YEAR INCLUDED SPANISH, ART, MUSIC, AND DRAMA. THE ACADEMY HAD 307 STUDENTS ENROLLED IN THE 2022-2023 SCHOOL YEAR, 225 STUDENTS ENROLLED IN THE 2020-2021 SCHOOL YEAR, 178 STUDENTS ENROLLED IN THE 2019-2020 SCHOOL YEAR,140 STUDENTS ENROLLED IN THE 2018-2019 SCHOOL YEAR AND 86 STUDENTS ENROLLED IN THE 2017-2018 SCHOOL YEAR.


OTHER PROGRAM EXPENSES


OWASSO PREPARATORY ACADEMY OFFERS SEVERAL PROGRAMS FOR STUDENTS TO PARTICIPATE OUTSIDE THE CLASSROM TO EXTEND THEIR LIFE SKILLS. EXTRACURRICULAR PROGRAMS SUCH AS ATHLETICS, CLUBS AND OTHER ORGANIZATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Tiffany Rinas
Board Officer
$32,815
Chad Classen
Board President And Chairman
$0
Jake Crawford
Board Treasurer
$0
Sommer Parschauer
Board Officer
$0
Katie Baskins
Board Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$73,193
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$130,877
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$204,070
Total Program Service Revenue$1,140,540
Investment income $412
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 $1,345,022

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