GLOBAL PREPARATORY ACADEMY INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
GLOBAL PREPARATORY ACADEMY INC (EIN 47-2593404)
Tax period
2017-07-01 to 2018-06-30
Filed
2019-05-15
IRS object ID
201911359349307201
Schema version
2017v2.3
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)
Return2019-05-15T12:53:57-05:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN351356555PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DONOVAN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15151 E US HWY 36AddressLine1Txt
CityAVONCityNm
State AbbreviationINStateAbbreviationCd
ZIP46123ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN472593404EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GLOBAL PREPARATORY ACADEMYBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGLOBBusinessNameControlTxt
Phone3176795816PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12033 SUGAR GROVE AVEAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARIAMA CARSONPersonNm
Person TitleDIRECTORPersonTitleTxt
Phone3176795816PhoneNum
Signature2019-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonREX E MILLER CPA CGMAPreparerPersonNm
PTINP01081969PTIN
Phone3177456411PhoneNum
Preparation2019-05-09PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address97.78.71.106IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-05-10IPDt
IP Tm07:06:28IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdC61F94137DE43BD871D359902D4E9BBF24EE65CEAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2020-01-14 16:20:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARIAMA CARSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12033 SUGAR GROVE AVEAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,925,206GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://GLOBALPREPINDY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionTHE MISSION OF GLOBAL PREPARATORY ACADEMY (GPA) K-6 IS TO PROVIDE TOMORROW'S LEADERS AND GLOBAL CITIZENS WITH THE HIGHEST QUALITY OF INSTRUCTION THROUGH LANGUAGE IMMERSION AND EXPERIENTIAL LEARNING THAT IS CULTURALLY RELEVANT. IN A HIGHLY ENGAGING AND NURTURING ENVIRONMENT, NATIVE ENGLISH SPEAKERS AND NATIVE SPANISH SPEAKERS WILL LEARN TO SPEAK, READ AND WRITE PROFICIENTLY IN BOTH LANGUAGES.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee87TotalEmployeeCnt
Total Volunteers20TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,259,457PYContributionsGrantsAmt
CY Contributions Grants$4,902,558CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$969PYInvestmentIncomeAmt
CY Investment Income$2,046CYInvestmentIncomeAmt
PY Other Revenue$13,587PYOtherRevenueAmt
CY Other Revenue$20,602CYOtherRevenueAmt
PY Total Revenue$4,274,013PYTotalRevenueAmt
CY Total Revenue$4,925,206CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,888,187PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,535,544CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,055,472PYOtherExpensesAmt
CY Other Expenses$1,286,705CYOtherExpensesAmt
PY Total Expenses$3,943,659PYTotalExpensesAmt
CY Total Expenses$4,822,249CYTotalExpensesAmt
PY Revenues Less Expenses$330,354PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$102,957CYRevenuesLessExpensesAmt
Total Assets BOY$1,265,576TotalAssetsBOYAmt
Total Assets EOY$1,745,345TotalAssetsEOYAmt
Total Liabilities BOY$742,751TotalLiabilitiesBOYAmt
Total Liabilities EOY$858,409TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$522,825NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$886,936NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF GLOBAL PREPARATORY ACADEMY (GPA) K-6 IS TO PROVIDE TOMORROW'S LEADERS AND GLOBAL CITIZENS WITH THE HIGHEST QUALITY OF INSTRUCTION THROUGH LANGUAGE IMMERSION AND EXPERIENTIAL LEARNING THAT IS CULTURALLY RELEVANT. IN A HIGHLY ENGAGING AND NURTURING ENVIRONMENT, NATIVE ENGLISH SPEAKERS AND NATIVE SPANISH SPEAKERS WILL LEARN TO SPEAK, READ AND WRITE PROFICIENTLY IN BOTH LANGUAGES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$3,622,704ExpenseAmt
DescTHE SCHOOL PROVIDES EDUCATIONAL INSTRUCTION SERVICES TO FAMILIES RESIDING IN INDIANAPOLIS AND SURROUNDING COUNTIES IN INDIANA. DURING THE 2017-18 ACADEMIC YEAR, THE SCHOOL SERVED APPROXIMATELY 350 STUDENTS IN GRADES KINDERGARTEN THROUGH THIRD.Desc
Total Program Service Expenses$3,622,704TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee87EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARIAMA CARSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3172264244PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12033 SUGAR GROVE AVEAddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TERRY DWYER
BOARD PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MARILYN LEATHERMAN
BOARD SECRETARY1.00Yes (X)Yes (X)$0$0$0
BILL WEST
BOARD TREASURER2.00Yes (X)Yes (X)$0$0$0
ELIZABETH LACY
BOARD MEMBER2.00Yes (X)$0$0$0
CORNELIUS ROBINSON
BOARD MEMBER1.00Yes (X)$0$0$0
JEANNINE MURRAY
BOARD MEMBER1.00Yes (X)$0$0$0
MICHAEL SAAHIR
BOARD MEMBER1.00Yes (X)$0$0$0
CHRIS ORTEGA
BOARD MEMBER1.00Yes (X)$0$0$0
GINNY HACKER
BOARD MEMBER1.00Yes (X)$0$0$0
LATRICE WATSON
BOARD MEMBER1.00Yes (X)$0$0$0
MARIAMA CARSON
PRINCIPAL/EXECUTIVE DIRECTOR40.00Yes (X)$113,343$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$113,343TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$4,902,558GovernmentGrantsAmt
Total Contributions$4,902,558TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,046TotalRevenueColumnAmt
Exclusion$2,046ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$20,602TotalRevenueColumnAmt
Related Or Exempt Func Income$20,602RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$20,602OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,925,206TotalRevenueColumnAmt
Related Or Exempt Func Income$20,602RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$2,046ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$120,022TotalAmt
Management And General$120,022ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,611,829TotalAmt
Program Services$2,061,820ProgramServicesAmt
Management And General$550,009ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$12,686TotalAmt
Program Services$473ProgramServicesAmt
Management And General$12,213ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$558,335TotalAmt
Program Services$424,222ProgramServicesAmt
Management And General$134,113ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$232,672TotalAmt
Program Services$179,434ProgramServicesAmt
Management And General$53,238ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,806TotalAmt
Management And General$2,806ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$26,200TotalAmt
Management And General$26,200ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$455,840TotalAmt
Program Services$216,911ProgramServicesAmt
Management And General$238,929ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$22,886TotalAmt
Management And General$22,886ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$184,071TotalAmt
Program Services$156,031ProgramServicesAmt
Management And General$28,040ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$55,824TotalAmt
Program Services$55,824ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$1,387TotalAmt
Program Services$1,387ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$19,242TotalAmt
Program Services$10,595ProgramServicesAmt
Management And General$8,647ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$3,333TotalAmt
Program Services$3,333ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,546TotalAmt
Program Services$5,546ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$28,673TotalAmt
Program Services$28,673ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD COSTS$282,022$282,022
STAFF DEVOLOPMENT$115,321$115,321
STUDENT TRANSPORTATION$71,966$71,966
MISCELLANEOUS$11,588$9,146$2,442

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,822,249TotalAmt
Program Services$3,622,704ProgramServicesAmt
Management And General$1,199,545ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,177,778BOYAmt
EOY$1,219,129EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$70,553BOYAmt
EOY$508,351EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$27,724LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$9,859LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,245BOYAmt
EOY$17,865EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,265,576BOYAmt
EOY$1,745,345EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$220,557BOYAmt
EOY$351,351EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$22,194BOYAmt
EOY$32,058EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$500,000BOYAmt
EOY$475,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$742,751BOYAmt
EOY$858,409EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$522,825BOYAmt
EOY$886,936EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$522,825BOYAmt
EOY$886,936EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,265,576BOYAmt
EOY$1,745,345EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$102,957ReconcilationRevenueExpnssAmt
Prior Period Adjustments$261,154PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$27,724OtherCostOrOtherBasisAmt
Depreciation$9,859DepreciationAmt
Book Value$17,865BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$17,865TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,787,306TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$1,862,100DonatedServicesAndUseFcltsAmt
Revenue Not Reported$1,862,100RevenueNotReportedAmt
Revenue Subtotal$4,925,206RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,925,206TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,684,349TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$1,862,100DonatedServicesUseFcltsAmt
Expenses Not Reported$1,862,100ExpensesNotReportedAmt
Expenses Subtotal$4,822,249ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,822,249TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationPROFESSIONAL ACCOUNTING STANDARDS REQUIRE THE SCHOOL TO RECOGNIZE A TAX LIABILITY ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WOULD BE SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED IS THE LARGEST AMOUNT OF TAX LIABILITY THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX LIABILITY IS RECORDED. THE SCHOOL HAS EXAMINED THIS ISSUE AND HAS DETERMINED THAT THERE ARE NO MATERIAL CONTINGENT TAX LIABILITIES OR QUESTIONABLE TAX POSITIONS. THE TAX YEARS ENDED AFTER 2014 ARE OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3AS PUBLICIZED IN THE STUDENT HANDBOOK, GLOBAL PREPARATORY ACADEMY DOES NOT AND SHALL NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION (CREED), GENDER, GENDER EXPRESSION, AGE, NATIONAL ORIGIN (ANCESTRY), AND DISABILITY, IN ANY OF ITS ACTIVITIES OR OPERATIONS. POLICIES ARE MADE AVAILABLE UPON REQUEST AND DISTRIBUTED TO ALL INCOMING STUDENTS.
SCHEDULE E, PART I, LINE 6FINANCIAL AID OR GOVERNMENT ASSISTANCE: AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FUNDING FROM THE STATE OF INDIANA AS WELL AS REVENUE UNDER VARIOUS FEDERAL GRANT PROGRAMS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS SUBMITTED TO THE PRINCIPAL/EXECUTIVE DIRECTOR AND BOARD MEMBERS FOR REVIEW BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD IN THE FALL. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE INTEREST AND REFRAIN FROM VOTING ON ANY ISSUE PERTAINING TO THE MATTER.
FORM 990, PART VI, SECTION B, LINE 15BSALARIES ARE DETERMINED BY STANDARD RATES IN THE REGION AND ARE BASED ON COMPENSATION DATA FOR POSITIONS IN SIMILAR FIELDS.
FORM 990, PART VI, SECTION C, LINE 19ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION'S OVERSIGHT PROCESS AND SELECTION PROCESS HAVE NOT CHANGED DURING THE TAX YEAR.

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