Praise Academy
- Assets
- $672.6k
- Revenue
- $667.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Shreveport, LA
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-3602868
Organization Overview
Praise Academy is located in Shreveport, LA. 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 06/2022, Praise Academy employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praise 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, Praise Academy generated $667.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $575.9k during the year ending 06/2022. While expenses have increased by 6.0% 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
TO PROVIDE AN ELEMENTARY SCHOOL EDUCATION THAT FOSTERS EACH CHILD'S NATURAL ABILITY TO BECOME A PRODUCTIVE, EMPLOYABLE AND ACTIVE MEMBER OF FAMILY AND COMMUNITY THROUGH A CHRIST-CENTERED FOUNDATIONAL APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRAISE ACADEMY IS A NEIGHBORHOOD ELEMENTARY SCHOOL CURRENTLY SERVING 25 PRESCHOOL THROUGH EIGHTH-GRADE CHILDREN FROM THE LAKESIDE NEIGHBORHOOD IN SHREVEPORT, LA. THE ZIP CODE IN WHICH OUR SCHOOL RESIDES IS THE POOREST ZIP CODE IN LOUISIANA, WHERE 41% OF THE POPULATION HAS A HOUSEHOLD INCOME OF LESS THAN $15,000 AND 85% OF ALL FOURTH-GRADERS ARE NOT PROFICIENT IN READING. 100% OF OUR STUDENTS QUALIFY FOR MEALS UNDER THE LOUISIANA SCHOOL BREAKFAST AN LUNCH PROGRAM, WHICH WE PROVIDE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Pingel Head Of School | OfficerTrustee | 40 | $51,734 |
Mary Grams Treasurer | 40 | $31,040 | |
Nano Farabaugh President | OfficerTrustee | 40 | $0 |
Paul Decelles Chairman Of The Board | OfficerTrustee | 10 | $0 |
Debbie Mixell Secretary | OfficerTrustee | 2 | $0 |
Kathy Gleason Board Member | Trustee | 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 | $526,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,329 |
| Total Program Service Revenue | $133,140 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,157 |
| 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 | $667,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $131,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,309 |
| Compensation of current officers, directors, key employees. | $13,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $14,730 |
| Advertising and promotion | $27,445 |
| Office expenses | $10,226 |
| Information technology | $2,400 |
| Royalties | $0 |
| Occupancy | $44,257 |
| Travel | $1,421 |
| 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 | $2,418 |
| Insurance | $10,263 |
| All other expenses | $0 |
| Total functional expenses | $575,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,591 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $93,961 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $672,552 |
| Accounts payable and accrued expenses | $1,457 |
| 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 | $4,441 |
| Total liabilities | $5,898 |
| Net assets without donor restrictions | $655,721 |
| Net assets with donor restrictions | $10,933 |
| 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 | $672,552 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Praise Academy has recieved totaling $151,550.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of North Louisiana Shreveport, LA PURPOSE: GIVE FOR GOOD GRANT | $135,718 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,469 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |