2022-05-09T10:43:57-05:00 2021-06-30 751486711 PSK LLP 3001 MEDLIN DR STE 100 ARLINGTON TX 76015 990 2020-07-01 752484732 GPA MINISTRIES INC GPAM 8175573399 PO BOX 170958 ARLINGTON TX 760030958 SCOTT MARKS DIRECTOR OF FINANCE 8175573399 2022-04-20 true SCOTT MARKS 999009999 KATHY HOWLETT P00943345 8176643000 2022-04-28 2020 2022-09-23 18:48:47Z DAVID CHASE 4923788 false X WWW.GRACEPREP.ORG X 1992 TX GRACE PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN UNIVERSITY-MODEL SCHOOL PROVIDING A K5-12TH GRADE COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 300 TO 400 STUDENTS. 9 9 114 100 7895 290144 751883 4149165 3968207 3389 16 39891 152728 4482589 4872834 0 0 2491542 2642133 0 195780 1862138 1994138 4353680 4636271 128909 236563 7876785 8213715 6215495 6294401 1661290 1919314 X GRACE 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. false false 3503531 GPA 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. 3503531 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 36 0 false 114 true true true false false false false false false false X 9 9 false false false false true false false true true false false true true false false true true true true false X SCOTT D MARKS 8175573399 3300 WEST I-20 ARLINGTON TX 76017 X DELARIO BOLTON BOARD MEMBER 1.00 X X 0 0 0 DAVID CHASE CHAIRMAN 1.00 X X 0 0 0 DAVID COOK BOARD MEMBER 1.00 X X 0 0 0 WILL EUBANKS BOARD MEMBER 1.00 X X 0 0 0 BOB MANN BOARD MEMBER 1.00 X X 0 0 0 SCOTT MARKS DIRECTOR OF 1.00 X 0 0 0 TODD MOORE BOARD MEMBER 1.00 X X 0 0 0 JAY SEDWICK BOARD MEMBER 1.00 X X 0 0 0 PAUL STORM BOARD MEMBER 1.00 X X 0 0 0 STEPHANIE SWENSON SECRETARY 1.00 X X 0 0 0 DARYL THORNTON BOARD MEMBER 1.00 X X 0 0 0 RAND TOULOUSE VICE CHAIRMA 1.00 X X 0 0 0 COURTNEY WALKER BOARD MEMBER 1.00 X X 0 0 0 PHILIP WAMBSGANSS TREASURER 1.00 X X 0 0 0 JAYME YATES BOARD MEMBER 1.00 X X 0 0 0 false false false 452600 299283 751883 TUITION & FEES 3968207 3968207 3968207 16 16 58849 50954 7895 7895 7895 INSURANCE CLAIMS PROCEEDS 141666 141666 BAD DEBT RECLAMATION 1865 1865 FINANCE FEE REVENUE 1302 1302 144833 4872834 4113056 7895 2403157 2397682 150 5325 61796 61796 177180 167614 9566 48438 48438 162853 52858 94445 15550 29183 3891 25292 126439 100272 24892 1275 13445 3240 10205 233771 35696 198075 97590 97590 195435 195435 306592 306592 79934 79934 SUPPLIES 269795 109862 20061 139872 SAFETY EXPENSE 89081 474 88607 MEMBERSHIPS & SUBSCRIPTIO 56556 46444 2881 7231 BAD DEBT EXPENSE 40175 40175 244851 181316 62300 1235 4636271 3503531 936960 195780 701229 921119 85352 14136 9423 54798 67917 9351030 2140487 7025983 7210543 7876785 8213715 62690 106027 760112 929043 5392693 5259331 6215495 6294401 X 1661290 1919314 1661290 1919314 7876785 8213715 X 236563 21461 X true X true X true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42115 42115 8062650 1328118 6734532 1139549 786952 352597 106716 25417 81299 7210543 ANB LOAN 4403 - 1ST MORTG 3269679 ANB LOAN 4428 - 2ND MORTG 1516086 SBA PPP LOAN 488715 CREDIT CARDS PAYABLE 16721 PAYROLL TAXES PAYABLE 3798 LOAN ORIGINATION FEES -35668 5259331 X 4923788 50954 50954 4872834 4872834 4665764 50954 50954 4614810 21461 21461 4636271 SCHEDULE D, PAGE 3, PART X THE 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, 2021, 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 2D RENTAL REVENUE 50,954 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 50,954 SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 21,461 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 PUBLISHED THE REQUIRED NOTICE USING ITS INTERNET WEBSITE FORM 990 - ORGANIZATION'S MISSION GRACE 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 6 THE SCHOOL RELIES ON 75-100 VOLUNTEERS TO SUPPORT THE FACULTY AND STAFF IN ANCILLARY EDUCATIONAL RESPONSIBILITIES FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICERS AND BOARD FINANCE SUB- COMMITTEE FORM 990, PAGE 6, PART VI, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD HANDLES THE HEAD OF SCHOOL EVALUATION AND COMPENSATION DECISIONS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD OF DIRECTORS HEAD MASTER FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATMEENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL REVENUE 50,954 RENTAL EXPENSES -50,954 BOOK / TAX DEPRECIATION DIFFERENCE 21,461 NONCASH ADJ TO TUITION REVENUE 0 TOTAL 21,461