Form 990 for tax year 2022
Filed by GREYSTONE PREPARATORY SCHOOLS INC.
Totals
- Total revenue
- $161,085
- Total expenses
- $177,852
- Contributions and grants received
- $46
- Grants paid
- $0
- Program service revenue
- $136,667
- Investment income
- $24,372
- Other revenue
- $0
- Total assets, end of year
- $274,966
- Total liabilities, end of year
- $2,126
- Net assets or fund balances, end of year
- $272,840
- Program services expenses (Part IX)
- $116,373
- Management and general expenses
- $54,222
- Fundraising expenses
- $7,257
- Program service expenses (Part III)
- $116,373
Program services were 65.4% 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
$46
-
2a · Program service revenue: UNIVERSITY OF THE OZAR
total $136,667 · related or exempt $136,667
-
3 · Investment income
total $529 · excluded $529
-
7a · Gross sales of assets other than inventory
other assets $25,700
-
7b · Less cost or other basis and sales expenses
other assets $1,857
-
7c · Gain or loss
other assets $23,843
-
7d · Net gain or loss
total $23,843 · related or exempt $23,843
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $82,881 · program services $58,017 · management and general $20,720 · fundraising $4,144
-
7 · Other salaries and wages
total $50,000 · program services $35,000 · management and general $12,500 · fundraising $2,500
-
10 · Payroll taxes
total $11,147 · program services $7,803 · management and general $2,787 · fundraising $557
-
11c · Fees: accounting
total $8,400 · management and general $8,400
-
11f · Fees: investment management
total $3,232 · management and general $3,232
-
12 · Advertising and promotion
total $946 · program services $473 · management and general $473
-
13 · Office expenses
total $2,730 · program services $683 · management and general $2,047
-
17 · Travel
total $53 · program services $53
-
22 · Depreciation, depletion and amortization
total $502 · program services $402 · management and general $100
-
23 · Insurance
total $7,661 · program services $5,746 · management and general $1,915
-
24a · Other expenses: DIRECT PROGRAM EXPENSES
total $5,717 · program services $5,717
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $1,760 · management and general $1,760
-
24c · Other expenses: AUTO EXPENSES
total $1,681 · program services $1,681
-
24d · Other expenses: TELEPHONE
total $872 · program services $698 · management and general $174
-
24e · All other expenses
total $270 · program services $100 · management and general $114 · fundraising $56
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $209,165 · end of year $233,468
-
9 · Prepaid expenses and deferred charges
beginning of year $1,340 · end of year $1,689
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $2,358 · end of year $0
-
12 · Investments: other securities
beginning of year $81,460 · end of year $39,809
-
17 · Accounts payable and accrued expenses
beginning of year $4,716 · end of year $2,126
-
27 · Net assets without donor restrictions
beginning of year $282,700 · end of year $272,840
-
28 · Net assets with donor restrictions
beginning of year $6,907 · end of year $0
Mission and programs · 2022
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 $116,373 · Revenue $160,510
As filed on the 2022 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333059349302658
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.