Totals
- Total revenue
- $621,027
- Total expenses
- $1,871,169
- Contributions and grants received
- $1,602,047
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$987,952
- Other revenue
- $6,932
- Total assets, end of year
- $1,144,710
- Total liabilities, end of year
- $181,909
- Net assets or fund balances, end of year
- $962,801
- Program services expenses (Part IX)
- $1,255,294
- Management and general expenses
- $471,686
- Fundraising expenses
- $144,189
- Program service expenses (Part III)
- $1,255,294
Program services were 67.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,602,047
-
3 · Investment income
total $6,652 · excluded $6,652
-
6a · Gross rents
real property $4,500
-
6c · Rental income or loss
real property $4,500
-
6d · Net rental income or loss
total $4,500 · excluded $4,500
-
7a · Gross sales of assets other than inventory
other assets $1,170,000
-
7b · Less cost or other basis and sales expenses
other assets $2,164,604
-
7c · Gain or loss
other assets -$994,604
-
7d · Net gain or loss
total -$994,604 · excluded -$994,604
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER INCOME
total $2,432 · excluded $2,432
-
11e · Other revenue, total
$2,432
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $185,259 · program services $129,682 · management and general $46,315 · fundraising $9,262
-
7 · Other salaries and wages
total $978,083 · program services $684,658 · management and general $244,521 · fundraising $48,904
-
8 · Pension plan contributions
total $20,893 · program services $14,625 · management and general $5,223 · fundraising $1,045
-
9 · Other employee benefits
total $129,862 · program services $90,903 · management and general $32,465 · fundraising $6,494
-
10 · Payroll taxes
total $95,516 · program services $66,861 · management and general $23,879 · fundraising $4,776
-
11b · Fees: legal
total $739 · management and general $739
-
11c · Fees: accounting
total $57,711 · management and general $57,711
-
12 · Advertising and promotion
total $37,911 · fundraising $37,911
-
16 · Occupancy
total $175,367 · program services $122,757 · management and general $43,842 · fundraising $8,768
-
20 · Interest
total $12,927 · program services $9,049 · management and general $3,232 · fundraising $646
-
22 · Depreciation, depletion and amortization
total $608 · program services $426 · management and general $152 · fundraising $30
-
23 · Insurance
total $26,752 · program services $18,726 · management and general $6,688 · fundraising $1,338
-
24a · Other expenses: PROGRAM SUPPLIES
total $37,316 · program services $37,316
-
24b · Other expenses: FOOD SERVICES
total $60,612 · program services $60,612
-
24c · Other expenses: DONOR FEES
total $23,641 · fundraising $23,641
-
24d · Other expenses: GENERAL AND ADMINISTRATIVE
total $25,345 · program services $17,742 · management and general $6,336 · fundraising $1,267
-
24e · All other expenses
total $2,627 · program services $1,937 · management and general $583 · fundraising $107
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $317,855 · end of year $246,208
-
2 · Savings and temporary cash investments
end of year $707,724
-
4 · Accounts receivable
beginning of year $105,411 · end of year $54,332
-
8 · Inventories for sale or use
beginning of year $4,903 · end of year $4,903
-
9 · Prepaid expenses and deferred charges
end of year $22,800
-
10a · Land, buildings and equipment: cost or other basis
$193,036
-
10b · Land, buildings and equipment: accumulated depreciation
$84,293
-
10c · Land, buildings and equipment, net
beginning of year $2,164,604 · end of year $108,743
-
17 · Accounts payable and accrued expenses
beginning of year $379,830 · end of year $181,909
-
27 · Net assets without donor restrictions
beginning of year $571,362 · end of year $962,801
-
28 · Net assets with donor restrictions
beginning of year $1,641,581
Mission and programs · 2024
Mission
PEACE PREPRATORY ACADEMY SEEKS TO BE A PLACE THAT EDUCATES THE WHOLE CHILD, SUPPORTS THE WHOLE FAMILY, AND PROVIDES GROWTH AND CHANGE OPPORTUNITIES FOR THE WHOLE COMMUNITY IN HIGH A QUALITY, CHRIST-CENTERED LEARNING ENVIRONMENT.
-
PEACE PREPRATORY ACADEMYS MISSION IS TO EDUCATE THE WHOLE CHILD, SUPPORT THE WHOLE FAMILY, AND PROVIDE GROWTH AND CHANGE OPPORTUNITIES FOR THE WHOLE COMMUNITY. THIS MISSION IS REALIZED THROUGH A COMPREHENISVE EDUCATIONAL PROGRAM THAT FOCUSES ON DEVELOPMENTALLY APPROPRIATE, CULTURALLY RELEVANT, SPIRITUALLY FORMATIVE, AND TRAUMA-INFORMED APPROACHES TO LEARNING. IT CURRENTLY SERVES STUDENTS FROM K-8TH GRADE AND RAISES FUNDS TO SUPPORT ITS OPERATIONS PRIMARILY FROM INDIVIDUAL DONORS, CORPORATIONS, AND GRANTS.
Expenses $1,255,294
As filed on the 2024 return.
Listed in Part VII
-
Shannon HollomanSHANNON HOLLOMAN
PRINCIPAL
- Total calculated
- $50,054
- From this org
- $42,745
- From related orgs
- $0
- Other
- $7,309
- Hours/week
- 40
-
Garin NarainGARIN NARAIN
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dee HooverDEE HOOVER
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lecrae MooreLECRAE MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul RobertsonPAUL ROBERTSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Craig NortonCRAIG NORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrew HatchettANDREW HATCHETT
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Trenise LyonsTRENISE LYONS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dewey HarmsDEWEY HARMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ann KimseyANN KIMSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shondria CovingtonSHONDRIA COVINGTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles SharperCHARLES SHARPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Machamma QuinichettMACHAMMA QUINICHETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alexis DegraffenreidALEXIS DEGRAFFENREID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
$1,170,000
Disposition · SALE OF BUILDING · Jan 17, 2025 · NONPROFIT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 July 2026
- IRS schema version
- 2024v5.2
- Source object
- 202642029349301319
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.