BETA

GPA MINISTRIES INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GPA MINISTRIES INC (EIN 75-2484732)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202401359349311155
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T16:57:29-04:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751486711PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PSK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13001 MEDLIN DR STE 100AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76015ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN752484732EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GPA MINISTRIES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGPAMBusinessNameControlTxt
Phone8175573399PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 170958AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP760030958ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCASEY BOYDPersonNm
Person TitleDIRECTOR OF FINANCEPersonTitleTxt
Phone8175573399PhoneNum
Signature2024-05-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCASEYPersonFirstNm
Person LastBOYDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY HOWLETTPreparerPersonNm
PTINP00943345PTIN
Phone8176643000PhoneNum
Preparation2024-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID COOKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 170958AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76003ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$6,365,714GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GRACEPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionGRACE PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN UNIVERSITY-MODEL SCHOOL PROVIDING A K5-12TH GRADE COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 300 TO 400 STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee114TotalEmployeeCnt
Total Volunteers75100TotalVolunteersCnt
Total Gross UBI$1,482TotalGrossUBIAmt
PY Contributions Grants$965,371PYContributionsGrantsAmt
CY Contributions Grants$1,622,333CYContributionsGrantsAmt
PY Program Service Revenue$4,601,234PYProgramServiceRevenueAmt
CY Program Service Revenue$4,687,764CYProgramServiceRevenueAmt
PY Investment Income$17PYInvestmentIncomeAmt
CY Investment Income$59CYInvestmentIncomeAmt
PY Other Revenue$956PYOtherRevenueAmt
CY Other Revenue$2,871CYOtherRevenueAmt
PY Total Revenue$5,567,578PYTotalRevenueAmt
CY Total Revenue$6,313,027CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,786,338PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,088,705CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$241,940CYTotalFundraisingExpenseAmt
PY Other Expenses$2,290,758PYOtherExpensesAmt
CY Other Expenses$2,626,641CYOtherExpensesAmt
PY Total Expenses$5,077,096PYTotalExpensesAmt
CY Total Expenses$5,715,346CYTotalExpensesAmt
PY Revenues Less Expenses$490,482PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$597,681CYRevenuesLessExpensesAmt
Total Assets BOY$8,162,043TotalAssetsBOYAmt
Total Assets EOY$8,687,260TotalAssetsEOYAmt
Total Liabilities BOY$5,752,247TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,679,783TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,409,796NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,007,477NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionGRACE PREPARATORY ACADEMY PARTNERS WITH PARENTS TO PROVIDE A FAMILY- CENTRIC, CHRIST-CENTERED, COLLEGE PREPARATORY EDUCATION WHERE STUDENTS ARE ALLOWED TO FURTHER DEVELOP THEIR GOD-GIVEN TALENTS AND VIRTUES AND BECOME COLLEGE-WORTHY CHARACTER WITNESSES FOR CHRIST.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$4,389,357ExpenseAmt
DescGPA IS AN EDUCATIONAL SERVICE PROVIDER THAT SERVES OVER 450 STUDENTS; ENCOMPASSING OVER 300 FAMILIES. THE SCHOOL EMPLOYS APPROXIMATELY 100 INDIVIDUALS TO ACCOMPLISH THIS ONE PROGRAM SERVICE. THE SCHOOL HAS STUDENTS ON CAMPUS 170 DAYS OUT OF THE YEAR.Desc
Total Program Service Expenses$4,389,357TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document36IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee114EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCASEY BOYDPersonNm
Phone8175573399PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 170958AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP760030958ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
SUSAN CROSIER
HEAD OF SCHO40.00Yes (X)$143,945$0$0
DELARIO BOLTON
TREASURER1.00$0$0$0Yes (X)Yes (X)
CASEY BOYD
DIRECTOR OF$0$0$0Yes (X)
DAVID COOK
BOARD CHAIR1.00$0$0$0Yes (X)Yes (X)
WILL EUBANKS
BOARD MEMBER1.00$0$0$0Yes (X)
ROBERT FRANKLIN
BOARD MEMBER1.00$0$0$0Yes (X)
DONNA MACKENZIE
BOARD MEMBER1.00$0$0$0Yes (X)
CASSIDY MOORE
BOARD MEMBER1.00$0$0$0Yes (X)
STEPHANIE SWENSON
SECRETARY1.00$0$0$0Yes (X)Yes (X)
COURTNEY WALKER
BOARD MEMBER1.00$0$0$0Yes (X)
JAYME YATES
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$143,945TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$1,310,871GovernmentGrantsAmt
All Other Contributions$311,462AllOtherContributionsAmt
Total Contributions$1,622,333TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION & FEESDesc
Total Revenue Column$4,687,764TotalRevenueColumnAmt
Related Or Exempt Func Income$4,687,764RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,687,764TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$59TotalRevenueColumnAmt
Exclusion$59ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$54,169RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$52,687RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,482RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,482TotalRevenueColumnAmt
Unrelated Business Revenue$1,482UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescFINANCE FEE REVENUEDesc
Total Revenue Column$1,389TotalRevenueColumnAmt
Related Or Exempt Func Income$1,389RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,389OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,313,027TotalRevenueColumnAmt
Related Or Exempt Func Income$4,689,153RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,482UnrelatedBusinessRevenueAmt
Exclusion$59ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,808,533TotalAmt
Program Services$2,415,338ProgramServicesAmt
Management And General$252,768ManagementAndGeneralAmt
Fundraising$140,427FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$70,284TotalAmt
Program Services$60,443ProgramServicesAmt
Management And General$6,326ManagementAndGeneralAmt
Fundraising$3,515FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$209,888TotalAmt
Program Services$180,504ProgramServicesAmt
Management And General$18,890ManagementAndGeneralAmt
Fundraising$10,494FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,624TotalAmt
Management And General$38,624ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$194,536TotalAmt
Program Services$64,267ProgramServicesAmt
Management And General$126,069ManagementAndGeneralAmt
Fundraising$4,200FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,493TotalAmt
Program Services$3,004ProgramServicesAmt
Management And General$314ManagementAndGeneralAmt
Fundraising$175FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$147,855TotalAmt
Program Services$95,781ProgramServicesAmt
Management And General$49,435ManagementAndGeneralAmt
Fundraising$2,639FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$319,183TotalAmt
Program Services$168,210ProgramServicesAmt
Management And General$143,668ManagementAndGeneralAmt
Fundraising$7,305FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$153,472TotalAmt
Program Services$79,176ProgramServicesAmt
Management And General$73,810ManagementAndGeneralAmt
Fundraising$486FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$156,797TotalAmt
Program Services$133,193ProgramServicesAmt
Management And General$15,174ManagementAndGeneralAmt
Fundraising$8,430FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$327,297TotalAmt
Program Services$278,026ProgramServicesAmt
Management And General$31,674ManagementAndGeneralAmt
Fundraising$17,597FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$103,572TotalAmt
Program Services$88,277ProgramServicesAmt
Management And General$9,833ManagementAndGeneralAmt
Fundraising$5,462FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
ERC STUDY EXPENSES$317,008$272,627$28,531$15,850
SUPPLIES$176,642$103,650$71,471$1,521
SAFETY EXPENSE$126,021$73,947$50,989$1,085
MEMBERSHIPS & SUBSCRIPTIO$86,509$34,137$43,301$9,071

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$475,632TotalAmt
Program Services$338,777ProgramServicesAmt
Management And General$123,172ManagementAndGeneralAmt
Fundraising$13,683FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,715,346TotalAmt
Program Services$4,389,357ProgramServicesAmt
Management And General$1,084,049ManagementAndGeneralAmt
Fundraising$241,940FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$958,554BOYAmt
EOY$1,433,934EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$48,259BOYAmt
EOY$51,126EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$50,552BOYAmt
EOY$118,138EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,677,186LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,806,623LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,104,678BOYAmt
EOY$6,870,563EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$213,499EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,162,043BOYAmt
EOY$8,687,260EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$62,637BOYAmt
EOY$7,286EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,028,275BOYAmt
EOY$944,556EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,661,335BOYAmt
EOY$4,727,941EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,752,247BOYAmt
EOY$5,679,783EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,382,487BOYAmt
EOY$2,977,957EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$27,309BOYAmt
EOY$29,520EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,409,796BOYAmt
EOY$3,007,477EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,162,043BOYAmt
EOY$8,687,260EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$597,681ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$42,115OtherCostOrOtherBasisAmt
Book Value$42,115BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$8,172,697OtherCostOrOtherBasisAmt
Depreciation$1,797,588DepreciationAmt
Book Value$6,375,109BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,400,173OtherCostOrOtherBasisAmt
Depreciation$985,144DepreciationAmt
Book Value$415,029BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$62,201OtherCostOrOtherBasisAmt
Depreciation$23,891DepreciationAmt
Book Value$38,310BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$6,870,563TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
ANB LOAN 4403 - 1ST MORTG$3,074,335
ANB LOAN 4428 - 2ND MORTG$1,427,547
OPERATING LEASE LIABILITY$213,499
CREDIT CARDS PAYABLE$22,441
PAYROLL TAXES PAYABLE$11,753
LOAN ORIGINATION FEES-$21,634
FieldValueIRS element (for citing)
Total Liability$4,727,941TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,365,714TotalRevEtcAuditedFinclStmtAmt
Other Revenue$52,687OtherRevenueAmt
Revenue Not Reported$52,687RevenueNotReportedAmt
Revenue Subtotal$6,313,027RevenueSubtotalAmt
Total Revenue Per Form990$6,313,027TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,768,033TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$52,687OtherExpensesIncludedAmt
Expenses Not Reported$52,687ExpensesNotReportedAmt
Expenses Subtotal$5,715,346ExpensesSubtotalAmt
Total Expenses Per Form990$5,715,346TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 3, PART XTHE SCHOOL FOLLOWS THE INCOME TAXES TOPIC OF THE FASB ASC, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS AND IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OTHER THAN RENTAL INCOME FROM LEASED FACILITIES. AS OF JUNE 30, 2023, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT TWELVE MONTHS. THE SCHOOL FILES A FORM 990 INFORMATIONAL TAX RETURN ON AN ANNUAL BASIS. TAX YEARS 2020 AND BEYOND REMAIN OPEN TO IRS EXAMINATION.
SCHEDULE D, PAGE 4, PART XI, LINE 2DRENTAL REVENUE 52,687
SCHEDULE D, PAGE 4, PART XII, LINE 2DRENTAL EXPENSES 52,687

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdfalseGovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, LINE 3FormAndLineReferenceDesc
ExplanationPUBLISHED THE REQUIRED NOTICE USING ITS INTERNET WEBSITEExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONGRACE PREPARATORY ACADEMY PARTNERS WITH PARENTS TO PROVIDE A FAMILY- CENTRIC, CHRIST-CENTERED, COLLEGE PREPARATORY EDUCATION WHERE STUDENTS ARE ALLOWED TO FURTHER DEVELOP THEIR GOD-GIVEN TALENTS AND VIRTUES AND BECOME COLLEGE-WORTHY CHARACTER WITNESSES FOR CHRIST.
FORM 990, PAGE 1, PART I, LINE 6THE SCHOOL RELIES ON 75-100 VOLUNTEERS TO SUPPORT THE FACULTY AND STAFF IN ANCILLARY EDUCATIONAL RESPONSIBILITIES
FORM 990, PAGE 6, PART VI, LINE 6MEMBERS
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICERS AND BOARD FINANCE SUB- COMMITTEE
FORM 990, PAGE 6, PART VI, LINE 15ATHE PERSONNEL COMMITTEE OF THE BOARD HANDLES THE HEAD OF SCHOOL EVALUATION AND COMPENSATION DECISIONS.
FORM 990, PAGE 6, PART VI, LINE 15BBOARD OF DIRECTORS HEAD MASTER
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATMEENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9RENTAL REVENUE 52,687 RENTAL EXPENSES -52,687 NONCASH ADJ TO TUITION REVENUE 0

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