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Nonprofiteer
← GREYSTONE PREPARATORY SCHOOLS INC

Form 990 for tax year 2023

Filed by GREYSTONE PREPARATORY SCHOOLS INC.

Totals

Total revenue
$1,612
Total expenses
$236,193
Contributions and grants received
$0
Grants paid
$85,500
Program service revenue
$0
Investment income
$106
Other revenue
$1,506
Total assets, end of year
$38,260
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$38,260
Program services expenses (Part IX)
$85,500
Management and general expenses
$150,693
Fundraising expenses
$0
Program service expenses (Part III)
$85,500

Program services were 36.2% 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.

  • 3 · Investment income

    total $106 · excluded $106

  • 11a · Other revenue: OTHER REVENUE

    total $1,506 · related or exempt $1,506

  • 11e · Other revenue, total

    $1,506

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,500 · program services $85,500

  • 7 · Other salaries and wages

    total $100,000 · management and general $100,000

  • 10 · Payroll taxes

    total $84 · management and general $84

  • 11b · Fees: legal

    total $10,660 · management and general $10,660

  • 11c · Fees: accounting

    total $11,580 · management and general $11,580

  • 11g · Fees: other

    total $14,500 · management and general $14,500

  • 13 · Office expenses

    total $4,116 · management and general $4,116

  • 23 · Insurance

    total $9,456 · management and general $9,456

  • 24a · Other expenses: POSTAGE AND SHIPPING

    total $267 · management and general $267

  • 24b · Other expenses: AUTO EXPENSES

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $233,468 · end of year $1,260

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,689 · end of year $0

  • 12 · Investments: other securities

    beginning of year $39,809

  • 15 · Other assets

    beginning of year $0 · end of year $37,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,126

  • 27 · Net assets without donor restrictions

    beginning of year $272,840 · end of year $38,260

Mission and programs · 2023

Mission

TO PREPARE STUDENTS ACADEMICALLY, PHYSICALLY AND ETHICALLY TO QUALIFY FOR AND SUCCEED AT THE COAST GUARD ACADEMY, AIR FORCE ACADEMY, MILITARY ACADEMY, MERCHANT MARINE ACADEMY OR NAVAL ACADEMY. TO PROVIDE STUDENTS WITH THE OVERSIGHT, STRUCTURE AND ORGANIZATION TO EMPOWER THEM TO EARN THEIR APPOINTMENT.

Activities or mission (Part I)

TO PROVIDE AN EDUCATION THAT WILL MEET THE SPECIFIC ACADEMIC NEEDS ESTABLISHED BY THE UNITED STATES MILITARY ACADEMY, THE UNITED STATES NAVAL ACADEMY, THE UNITED STATES AIR FORCE ACADEMY, THE UNITED STATES COAST GUARD ACADEMY OR THE MERCHANT MARINE ACADEMY, THAT WILL ENABLE STUDENTS TO QUALIFY FOR ACADEMY APPOINTMENTS.

  • TO PREPARE STUDENTS ACADEMICALLY, PHYSICALLY AND ETHICALLY TO QUALIFY FOR AND SUCCEED AT THE COAST GUARD ACADEMY, AIR FORCE ACADEMY, MILITARY ACADEMY, MERCHANT MARINE ACADEMY OR NAVAL ACADEMY. TO PROVIDE STUDENTS WITH THE OVERSIGHT, STRUCTURE AND ORGANIZATION TO EMPOWER THEM TO EARN THEIR APPOINTMENT.

    Expenses $85,500 · Grants $85,500 · Revenue $1,506

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BG DAVID N BLACKORBY USA RET

    FINANCE COMMITTEE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BG JIM BISSON JAMES J USA RETIRED

    STUDENT AFFAIRS COMMITTEE

    Total calculated
    $0
    Hours/week
    1

  • MG EDDY M SPURGIN USA RET

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA TRISH M ANSLOW USA RET

    PERSONNEL COMMITTEE CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • RADM STEPHANIE KECK USN RETIRED

    RECRUITING COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MG WILLIAM D BILL WOFFORD USA RET

    BOARD OF DIRECTORS

    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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202520299349300322

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