Huber Heights Preparatory Academy
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Parma, OH
- Founding
- Data as of
- 06/2023
- EIN
- 83-4136850
Organization Overview
Huber Heights Preparatory Academy, operating under the name Parma Academy, is located in Parma, OH. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parma 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 06/2023, Parma Academy generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 53.6% each year . All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 33.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL CHOICE TO STUDENTS AND FAMILIES OF THIS COMMUNITY. THE ORGANIZATION IS PRIMARILY ENGAGED IN PROVIDING INSTRUCTIONAL SERVICES TO ENROLLED STUDENTS IN GRADES K-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES FOR CHILDREN IN GRADES K-8 FOR THE 2022-2023 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Faehnrich Board Member | Trustee | 1 | $1,000 |
Jonathan Petrea Board Member | Trustee | 1 | $1,000 |
Kimberly Bartlett Board Member | Trustee | 1 | $1,000 |
Mary Buckholz Galinas Board Member | Trustee | 1 | $875 |
Mark Sanzotta Board Member | Trustee | 1 | $750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Accel Schools Inc Management Services | 6/29/23 | $518,174 |
Ela Creative Playroom Holdings Llc Rent | 6/29/23 | $110,144 |
Innovation Food Services Student Food Service | 6/29/23 | $133,418 |
Total Education Solutions Education And Therapeutic Services | 6/29/23 | $121,889 |
Hill Street Construction Inc Building Improvements | 6/29/23 | $139,430 |
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 | $2,438,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,438,844 |
| 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 | $2,438,844 |
| 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 | $641,192 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $415,016 |
| Payroll taxes | $0 |
| Fees for services: Management | $347,531 |
| Fees for services: Legal | $36,000 |
| Fees for services: Accounting | $29,636 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $270,543 |
| Advertising and promotion | $35,612 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $157,617 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,967 |
| Insurance | $14,318 |
| All other expenses | $0 |
| Total functional expenses | $2,428,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,380 |
| 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 | $949,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $917,025 |
| Total assets | $2,020,462 |
| Accounts payable and accrued expenses | $250,305 |
| 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 | $1,938,399 |
| Total liabilities | $2,188,704 |
| Net assets without donor restrictions | -$168,242 |
| 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 | $2,020,462 |