Totals
- Total revenue
- $4,468,988
- Total expenses
- $4,286,534
- Contributions and grants received
- $2,173,013
- Grants paid
- $0
- Program service revenue
- $1,893,496
- Investment income
- $272,734
- Other revenue
- $129,745
- Total assets, end of year
- $5,617,260
- Total liabilities, end of year
- $2,769,043
- Net assets or fund balances, end of year
- $2,848,217
- Program services expenses (Part IX)
- $3,663,643
- Management and general expenses
- $602,091
- Fundraising expenses
- $20,800
- Program service expenses (Part III)
- $3,663,643
Program services were 85.5% 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.
-
1e · Government grants (contributions)
$1,730,845
-
1f · All other contributions, gifts and grants
$442,168
-
2a · Program service revenue: PROGRAM SERVICES
total $1,893,496 · related or exempt $1,893,496
-
3 · Investment income
total $272,734 · related or exempt $272,734
-
7d · Net gain or loss
related or exempt $1,200
-
11a · Other revenue: OTHER REVENUE
total $128,545 · related or exempt $128,545
-
11b · Other revenue
total $1,200 · related or exempt $1,200
-
11e · Other revenue, total
$129,745
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $2,403,538 · program services $2,148,736 · management and general $254,802
-
9 · Other employee benefits
total $2,769 · program services $2,769
-
11a · Fees: management
total $364,530 · program services $216,785 · management and general $126,945 · fundraising $20,800
-
12 · Advertising and promotion
total $13,506 · program services $8,496 · management and general $5,010
-
13 · Office expenses
total $456,151 · program services $441,688 · management and general $14,463
-
16 · Occupancy
total $754,571 · program services $753,534 · management and general $1,037
-
17 · Travel
total $33,364 · program services $13,072 · management and general $20,292
-
19 · Conferences, conventions and meetings
total $12,112 · program services $12,112
-
22 · Depreciation, depletion and amortization
total $5,701 · management and general $5,701
-
23 · Insurance
total $75,504 · program services $618 · management and general $74,886
-
24a · Other expenses: CONTRIBUTIONS
total $6,873 · program services $2,909 · management and general $3,964
-
24b · Other expenses: EQUIPMENT RENTAL
total $20,906 · program services $16,209 · management and general $4,697
-
24c · Other expenses: DONATIONS
total $6,873 · program services $2,909 · management and general $3,964
-
24d · Other expenses: EQUIPMENT PURCHASE
total $4,517 · program services $61 · management and general $4,456
-
24e · All other expenses
total $125,619 · program services $43,745 · management and general $81,874
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $520,100 · end of year $713,502
-
4 · Accounts receivable
beginning of year $82,879 · end of year $58,149
-
10a · Land, buildings and equipment: cost or other basis
$749,364
-
10b · Land, buildings and equipment: accumulated depreciation
$653,319
-
10c · Land, buildings and equipment, net
beginning of year $95,356 · end of year $96,045
-
11 · Investments: publicly traded securities
beginning of year $1,997,970 · end of year $2,059,014
-
15 · Other assets
beginning of year $3,084,914 · end of year $2,690,550
-
17 · Accounts payable and accrued expenses
beginning of year $55,220 · end of year $69,626
-
25 · Other liabilities
beginning of year $3,061,734 · end of year $2,699,417
-
27 · Net assets without donor restrictions
beginning of year $2,664,265 · end of year $2,616,067
-
28 · Net assets with donor restrictions
end of year $232,150
Mission and programs · 2023
Mission
THE MISSION OF PREMIER ACADEMY IS TO PROVIDE A QUALITY EDUCATION FOR PRESCHOOL AGE CHILDREN
Activities or mission (Part I)
THE MISSION OF PREMIER ACADEMY IS TO PROVIDE A QUALITY EDUCATION PROGRAM FOR PRESCHOOL AGE CHILDREN
-
The Mission of premier academy is o provide a quality education for preschool age children
Expenses $3,663,643 · Revenue $912,095
As filed on the 2023 return.
Listed in Part VII
-
Starla L BaileySTARLA L BAILEY
EXECUTIVE DIRECTOR
- Total calculated
- $114,575
- From this org
- $114,575
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Gwendolyn WrightGWENDOLYN WRIGHT
- Total calculated
- $0
- Hours/week
- 5
-
Letica ReevesLETICA REEVES
- Total calculated
- $0
- Hours/week
- 5
-
Lamonique FairbanksLAMONIQUE FAIRBANKS
- Total calculated
- $0
- Hours/week
- 5
-
Dr Ralph SimpsonDR RALPH SIMPSON
- Total calculated
- $0
- Hours/week
- 5
-
Sharon RussellSHARON RUSSELL
- Total calculated
- $0
- Hours/week
- 5
-
Debbie HillmanDEBBIE HILLMAN
- Total calculated
- $0
- Hours/week
- 5
-
Johnny BrownJOHNNY BROWN
- Total calculated
- $0
- Hours/week
- 5
-
Kavien HillmonKAVIEN HILLMON
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Avayna GreenAVAYNA GREEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Joann Guyton MooreJOANN GUYTON MOORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 20
-
Adowa M AwotwiADOWA M AWOTWI
TREASURER
- Total calculated
- $0
- Hours/week
- 10
-
Christopher BealCHRISTOPHER BEAL
- Total calculated
- $0
- Hours/week
- 10
-
Darrol L MitchellDARROL L MITCHELL
- Total calculated
- $0
- Hours/week
- 5
-
Peter J MorelliPETER J MORELLI
- Total calculated
- $0
- Hours/week
- 5
-
Audre Dotson CollierAUDRE DOTSON COLLIER
- Total calculated
- $0
- Hours/week
- 5
-
Gladys GoreGLADYS GORE
- Total calculated
- $0
- Hours/week
- 5
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.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Starla BaileySTARLA BAILEY
EXECUTIVE DIRECTOR
Schedule J breakdown
- Base
- $114,575
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $114,575
Answered yes
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
- 9 · Followed the rebuttable-presumption procedure
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413449349300511
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