BETA

GPA MINISTRIES INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
GPA MINISTRIES INC (EIN 75-2484732)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-12-22
IRS object ID
202003579349300925
Schema version
2019v5.0
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)
Return2020-12-22T14:18:11-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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
Signature2020-12-18SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY HOWLETTPreparerPersonNm
PTINP00943345PTIN
Phone8176643000PhoneNum
Preparation2020-12-18PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID CHASEPrincipalOfficerNm
Gross Receipts$4,519,337GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GRACEPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1992FormationYr
Activity Or MissionGRACE PREPARATORY ACADEMY IS A PRIVATE SCHOOL PROVIDING A COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 300 TO 400 STUDENTS.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee123TotalEmployeeCnt
Total Volunteers100TotalVolunteersCnt
Total Gross UBI$7,352TotalGrossUBIAmt
CY Contributions Grants$290,144CYContributionsGrantsAmt
PY Program Service Revenue$4,163,891PYProgramServiceRevenueAmt
CY Program Service Revenue$4,149,165CYProgramServiceRevenueAmt
PY Investment Income$486PYInvestmentIncomeAmt
CY Investment Income$3,389CYInvestmentIncomeAmt
PY Other Revenue$59,234PYOtherRevenueAmt
CY Other Revenue$39,891CYOtherRevenueAmt
PY Total Revenue$4,223,611PYTotalRevenueAmt
CY Total Revenue$4,482,589CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,262,233PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,491,542CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$2,042,152PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$180,880CYTotalFundraisingExpenseAmt
CY Other Expenses$1,862,138CYOtherExpensesAmt
PY Total Expenses$4,304,385PYTotalExpensesAmt
CY Total Expenses$4,353,680CYTotalExpensesAmt
PY Revenues Less Expenses-$80,774PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$128,909CYRevenuesLessExpensesAmt
Total Assets BOY$7,552,850TotalAssetsBOYAmt
Total Assets EOY$7,876,785TotalAssetsEOYAmt
Total Liabilities BOY$5,218,849TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,215,495TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,334,001NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,661,290NetAssetsOrFundBalancesEOYAmt
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$2,218,405ExpenseAmt
DescGPA IS AN EDUCATIONAL SERVICE PROVIDER THAT SERVES OVER 450 STUDENTS; ENCOMPASSING OVER 300 FAMILIES. THE SCHOOL EMPLOYS ALMOST 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$2,218,405TotalProgramServiceExpensesAmt
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 Document54IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee123EmployeeCnt
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 (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerInd
DR MARC EVANS
HEAD OF SCHO40.00Yes (X)$146,754$0$0
CHRISTOPHER HARPER
ASST. HEAD O40.00Yes (X)$122,329$0$0
DAVID CHASE
VICE-CHAIRMA$0$0$0Yes (X)Yes (X)
DAVID COOK
BOARD MEMBER$0$0$0Yes (X)Yes (X)
SCOTT MARKS
DIRECTOR OF$0$0$0Yes (X)
TODD MOORE
BOARD MEMBER$0$0$0Yes (X)Yes (X)
JAY SEDWICK
CHAIRMAN$0$0$0Yes (X)Yes (X)
STEPHANIE SWENSON
SECRETARY$0$0$0Yes (X)Yes (X)
RAND TOULOUSE
BOARD MEMBER$0$0$0Yes (X)Yes (X)
COURTNEY WALKER
BOARD MEMBER$0$0$0Yes (X)Yes (X)
PHILIP WAMBSGANSS
TREASURER$0$0$0Yes (X)Yes (X)
JAYME YATES
BOARD MEMBER$0$0$0Yes (X)Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$269,083TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K2IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$290,144AllOtherContributionsAmt
Total Contributions$290,144TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION & FEESDesc
Total Revenue Column$4,149,165TotalRevenueColumnAmt
Related Or Exempt Func Income$4,149,165RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$4,149,165TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,389TotalRevenueColumnAmt
Related Or Exempt Func Income$3,389RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$44,100RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$36,748RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$7,352RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,352TotalRevenueColumnAmt
Unrelated Business Revenue$7,352UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
BAD DEBT RECLAMATION$32,334$32,334
OTHER REVENUE$175$175
FINANCE FEE REVENUE$30$30
FieldValueIRS element (for citing)
Other Revenue Total$32,539OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,482,589TotalRevenueColumnAmt
Related Or Exempt Func Income$4,185,093RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$7,352UnrelatedBusinessRevenueAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,263,845TotalAmt
Program Services$1,224,740ProgramServicesAmt
Management And General$973,453ManagementAndGeneralAmt
Fundraising$65,652FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$56,479TotalAmt
Program Services$30,555ProgramServicesAmt
Management And General$24,286ManagementAndGeneralAmt
Fundraising$1,638FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$171,218TotalAmt
Program Services$92,629ProgramServicesAmt
Management And General$73,624ManagementAndGeneralAmt
Fundraising$4,965FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$44,843TotalAmt
Management And General$44,843ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$219,193TotalAmt
Program Services$87,041ProgramServicesAmt
Management And General$121,352ManagementAndGeneralAmt
Fundraising$10,800FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$39,220TotalAmt
Fundraising$39,220FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$36,698TotalAmt
Program Services$35,509ProgramServicesAmt
Management And General-$1,070ManagementAndGeneralAmt
Fundraising$2,259FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$17,358TotalAmt
Program Services$1,689ProgramServicesAmt
Management And General$15,669ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$254,867TotalAmt
Program Services$41,226ProgramServicesAmt
Management And General$211,573ManagementAndGeneralAmt
Fundraising$2,068FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$50,442TotalAmt
Program Services$50,442ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$245,258TotalAmt
Management And General$245,258ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$292,373TotalAmt
Program Services$292,373ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$66,947TotalAmt
Management And General$66,947ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$191,459$177,949$11,982$1,528
SAFETY EXPENSE$95,001$432$94,569
MEMBERSHIPS & SUBSCRIPTIO$47,558$41,446$3,362$2,750
FUNDRAISING EXPENSE$46,165$368$45,797

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$214,756TotalAmt
Program Services$142,006ProgramServicesAmt
Management And General$68,547ManagementAndGeneralAmt
Fundraising$4,203FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,353,680TotalAmt
Program Services$2,218,405ProgramServicesAmt
Management And General$1,954,395ManagementAndGeneralAmt
Fundraising$180,880FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$314,549BOYAmt
EOY$701,229EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$85,352EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$9,423EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,479BOYAmt
EOY$54,798EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,912,939LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,886,956LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$7,233,822BOYAmt
EOY$7,025,983EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,552,850BOYAmt
EOY$7,876,785EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$76,079BOYAmt
EOY$62,690EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$760,112EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,142,770BOYAmt
EOY$5,392,693EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,218,849BOYAmt
EOY$6,215,495EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,334,001BOYAmt
EOY$1,661,290EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,334,001BOYAmt
EOY$1,661,290EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,552,850BOYAmt
EOY$7,876,785EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$128,909ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$801,620OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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$7,650,808OtherCostOrOtherBasisAmt
Depreciation$1,118,653DepreciationAmt
Book Value$6,532,155BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,182,750OtherCostOrOtherBasisAmt
Depreciation$744,412DepreciationAmt
Book Value$438,338BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$37,266OtherCostOrOtherBasisAmt
Depreciation$23,891DepreciationAmt
Book Value$13,375BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$7,025,983TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)

DescDescAmtAmt
ANB LOAN 4403 - 1ST MORTG$3,356,502
ANB LOAN 4428 - 2ND MORTG$1,552,641
SBA PPP LOAN$452,600
LOAN - GPBC$45,000
CREDIT CARDS PAYABLE$26,400
LOAN ORIGINATION FEES-$40,450
FieldValueIRS element (for citing)
Total Liability$5,392,693TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,482,589TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$4,482,589RevenueSubtotalAmt
Total Revenue Per Form990$4,482,589TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,337,251TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$4,337,251ExpensesSubtotalAmt
Other Expenses Not Included$16,429OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$16,429ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,353,680TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 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, 2020, 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 2017 AND BEYOND REMAIN OPEN TO IRS EXAMINATION.
SCHEDULE D, PAGE 4, PART XII, LINE 4BBOOK / TAX DEPRECIATION DIFFERENCE 16,429

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 (9 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 15ABOARD OF DIRECTORS
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 9NONCASH ADJ TO TUITION REVENUE -801,620 DURING THE YEAR ENDED JUNE 30, 2020, THE SCHOOL COMPLETED ITS CONVERSION FROM A CASH BASIS OF ACCOUNTING TO A FULL ACCRUAL BASIS OF ACCOUNTING. IN CONJUNCTION WITH THIS CONVERSION, CERTAIN ADJUSTMENTS WERE RECORDED IN ORDER TO REPORT DEFERRED TUITION REVENUE IN ACCORDANCE WITH U.S. GAAP.
FORM 990, PAGE 12, PART XII, LINE 1DURING THE YEAR ENDED JUNE 30, 2020, THE SCHOOL COMPLETED ITS CONVERSION FROM A CASH BASIS OF ACCOUNTING TO A FULL ACCRUAL BASIS OF ACCOUNTING. IN CONJUNCTION WITH THIS CONVERSION, CERTAIN ADJUSTMENTS WERE RECORDED IN ORDER TO REPORT DEFERRED TUITION REVENUE IN ACCORDANCE WITH U.S. GAAP.

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