BETA

GPA MINISTRIES INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GPA MINISTRIES INC (EIN 75-2484732)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-05
IRS object ID
202331259349300623
Schema version
2021v4.0
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)
Return2023-05-05T09:58:08-04:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 Begin2021-07-01TaxPeriodBeginDt

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)
PersonSCOTT MARKSPersonNm
Person TitleDIRECTOR OF FINANCEPersonTitleTxt
Phone8175573399PhoneNum
Signature2023-03-08SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSCOTTPersonFirstNm
Person LastMARKSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY HOWLETTPreparerPersonNm
PTINP00943345PTIN
Phone8176643000PhoneNum
Preparation2023-03-22PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRAND TOULOUSEPrincipalOfficerNm
Gross Receipts$5,629,213GrossReceiptsAmt
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 Employee121TotalEmployeeCnt
Total Volunteers75100TotalVolunteersCnt
Total Gross UBI-$1,820TotalGrossUBIAmt
PY Contributions Grants$751,883PYContributionsGrantsAmt
CY Contributions Grants$965,371CYContributionsGrantsAmt
PY Program Service Revenue$3,968,207PYProgramServiceRevenueAmt
CY Program Service Revenue$4,601,234CYProgramServiceRevenueAmt
PY Investment Income$16PYInvestmentIncomeAmt
CY Investment Income$17CYInvestmentIncomeAmt
PY Other Revenue$152,728PYOtherRevenueAmt
CY Other Revenue$956CYOtherRevenueAmt
PY Total Revenue$4,872,834PYTotalRevenueAmt
CY Total Revenue$5,567,578CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,642,133PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,786,338CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$221,624CYTotalFundraisingExpenseAmt
PY Other Expenses$1,994,138PYOtherExpensesAmt
CY Other Expenses$2,290,758CYOtherExpensesAmt
PY Total Expenses$4,636,271PYTotalExpensesAmt
CY Total Expenses$5,077,096CYTotalExpensesAmt
PY Revenues Less Expenses$236,563PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$490,482CYRevenuesLessExpensesAmt
Total Assets BOY$8,213,715TotalAssetsBOYAmt
Total Assets EOY$8,162,043TotalAssetsEOYAmt
Total Liabilities BOY$6,294,401TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,752,247TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,919,314NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,409,796NetAssetsOrFundBalancesEOYAmt
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$3,927,588ExpenseAmt
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$3,927,588TotalProgramServiceExpensesAmt
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 Document57IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee121EmployeeCnt
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)
PersonSCOTT D MARKSPersonNm
Phone8175573399PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13300 WEST I-20AddressLine1Txt
CityARLINGTONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76017ZIPCd
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)$144,805$0$0
DELARIO BOLTON
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
DAVID COOK
VICE CHAIR1.00$0$0$0Yes (X)Yes (X)
WILL EUBANKS
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
SCOTT MARKS
DIRECTOR OF1.00$0$0$0Yes (X)
CASSIDY MOORE
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
STEPHANIE SWENSON
SECRETARY1.00$0$0$0Yes (X)Yes (X)
RAND TOULOUSE
CHAIRMAN1.00$0$0$0Yes (X)Yes (X)
COURTNEY WALKER
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
PHILIP WAMBSGANSS
TREASURER1.00$0$0$0Yes (X)Yes (X)
JAYME YATES
BOARD MEMBER1.00$0$0$0Yes (X)Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$144,805TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$488,715GovernmentGrantsAmt
All Other Contributions$476,656AllOtherContributionsAmt
Total Contributions$965,371TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION & FEESDesc
Total Revenue Column$4,601,234TotalRevenueColumnAmt
Related Or Exempt Func Income$4,601,234RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,601,234TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$17TotalRevenueColumnAmt
Related Or Exempt Func Income$17RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$59,815RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$61,635RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real-$1,820RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,820TotalRevenueColumnAmt
Unrelated Business Revenue-$1,820UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FINANCE FEE REVENUE$2,551$2,551
BAD DEBT RECLAMATION$225$225
FieldValueIRS element (for citing)
Other Revenue Total$2,776OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,567,578TotalRevenueColumnAmt
Related Or Exempt Func Income$4,604,027RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue-$1,820UnrelatedBusinessRevenueAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,549,077TotalAmt
Program Services$2,192,206ProgramServicesAmt
Management And General$229,417ManagementAndGeneralAmt
Fundraising$127,454FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$55,981TotalAmt
Program Services$48,144ProgramServicesAmt
Management And General$5,038ManagementAndGeneralAmt
Fundraising$2,799FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$181,280TotalAmt
Program Services$155,901ProgramServicesAmt
Management And General$16,315ManagementAndGeneralAmt
Fundraising$9,064FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$44,898TotalAmt
Management And General$44,898ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$188,086TotalAmt
Program Services$42,333ProgramServicesAmt
Management And General$145,753ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$21,420TotalAmt
Program Services$18,421ProgramServicesAmt
Management And General$1,928ManagementAndGeneralAmt
Fundraising$1,071FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$205,451TotalAmt
Program Services$173,896ProgramServicesAmt
Management And General$28,307ManagementAndGeneralAmt
Fundraising$3,248FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$25,862TotalAmt
Program Services$22,241ProgramServicesAmt
Management And General$2,328ManagementAndGeneralAmt
Fundraising$1,293FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$256,101TotalAmt
Program Services$138,773ProgramServicesAmt
Management And General$111,812ManagementAndGeneralAmt
Fundraising$5,516FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$140,597TotalAmt
Program Services$58,980ProgramServicesAmt
Management And General$80,729ManagementAndGeneralAmt
Fundraising$888FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$161,646TotalAmt
Program Services$149,479ProgramServicesAmt
Management And General$3,476ManagementAndGeneralAmt
Fundraising$8,691FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$292,212TotalAmt
Program Services$270,217ProgramServicesAmt
Management And General$6,285ManagementAndGeneralAmt
Fundraising$15,710FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$92,842TotalAmt
Program Services$84,313ProgramServicesAmt
Management And General$3,627ManagementAndGeneralAmt
Fundraising$4,902FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$189,183$143,183$46,053-$53
REPAIRS/MAINTENANCE$104,216$89,626$9,379$5,211
SAFETY EXPENSE$89,985$89,985
MEMBERSHIPS & SUBSCRIPTIO$82,245$27,342$46,843$8,060

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$396,014TotalAmt
Program Services$312,533ProgramServicesAmt
Management And General$55,711ManagementAndGeneralAmt
Fundraising$27,770FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,077,096TotalAmt
Program Services$3,927,588ProgramServicesAmt
Management And General$927,884ManagementAndGeneralAmt
Fundraising$221,624FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$921,119BOYAmt
EOY$958,554EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,136BOYAmt
EOY$48,259EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$67,917BOYAmt
EOY$50,552EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$9,559,370LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,454,692LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,210,543BOYAmt
EOY$7,104,678EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,213,715BOYAmt
EOY$8,162,043EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$106,027BOYAmt
EOY$62,637EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$929,043BOYAmt
EOY$1,028,275EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,259,331BOYAmt
EOY$4,661,335EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,294,401BOYAmt
EOY$5,752,247EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,919,314BOYAmt
EOY$2,382,487EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
EOY$27,309EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,919,314BOYAmt
EOY$2,409,796EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,213,715BOYAmt
EOY$8,162,043EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$490,482ReconcilationRevenueExpnssAmt
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$8,114,870OtherCostOrOtherBasisAmt
Depreciation$1,555,157DepreciationAmt
Book Value$6,559,713BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,347,998OtherCostOrOtherBasisAmt
Depreciation$871,426DepreciationAmt
Book Value$476,572BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$54,387OtherCostOrOtherBasisAmt
Depreciation$28,109DepreciationAmt
Book Value$26,278BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,104,678TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
ANB LOAN 4403 - 1ST MORTG$3,173,802
ANB LOAN 4428 - 2ND MORTG$1,472,629
CREDIT CARDS PAYABLE$35,502
PAYROLL TAXES PAYABLE$8,053
LOAN ORIGINATION FEES-$28,651
FieldValueIRS element (for citing)
Total Liability$4,661,335TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,629,213TotalRevEtcAuditedFinclStmtAmt
Other Revenue$61,635OtherRevenueAmt
Revenue Not Reported$61,635RevenueNotReportedAmt
Revenue Subtotal$5,567,578RevenueSubtotalAmt
Total Revenue Per Form990$5,567,578TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,138,731TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$61,635OtherExpensesIncludedAmt
Expenses Not Reported$61,635ExpensesNotReportedAmt
Expenses Subtotal$5,077,096ExpensesSubtotalAmt
Total Expenses Per Form990$5,077,096TotalExpensesPerForm990Amt

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, 2022, THE SCHOOL HAS 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 2018 AND BEYOND REMAIN OPEN TO IRS EXAMINATION.
SCHEDULE D, PAGE 4, PART XI, LINE 2DRENTAL REVENUE 61,635
SCHEDULE D, PAGE 4, PART XII, LINE 2DRENTAL EXPENSES 61,635

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 61,635 RENTAL EXPENSES -61,635 NONCASH ADJ TO TUITION REVENUE 0

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