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Nonprofiteer
← SOUTH CAROLINA PREPARARTORY ACADEMY

Form 990 for tax year 2022

Filed by SOUTH CAROLINA PREPARARTORY ACADEMY.

Totals

Total revenue
$4,302,967
Total expenses
$3,999,918
Contributions and grants received
$4,299,133
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$3,834
Total assets, end of year
$514,356
Total liabilities, end of year
$18,716
Net assets or fund balances, end of year
$495,640
Program services expenses (Part IX)
$2,880,458
Management and general expenses
$1,119,460
Fundraising expenses
$0
Program service expenses (Part III)
$2,880,458

Program services were 72.0% 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)

    $4,299,133

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,834 · excluded $3,834

  • 11e · Other revenue, total

    $3,834

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $703,842 · program services $611,504 · management and general $92,338

  • 9 · Other employee benefits

    total $69,708 · program services $50,389 · management and general $19,319

  • 10 · Payroll taxes

    total $52,021 · program services $41,318 · management and general $10,703

  • 11a · Fees: management

    total $615,748 · management and general $615,748

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $2,367,651 · program services $2,031,288 · management and general $336,363

  • 12 · Advertising and promotion

    total $23,895 · management and general $23,895

  • 13 · Office expenses

    total $1,721 · management and general $1,721

  • 14 · Information technology

    total $37,431 · program services $37,431

  • 16 · Occupancy

    total $84,350 · program services $84,000 · management and general $350

  • 17 · Travel

    total $10,206 · program services $8,648 · management and general $1,558

  • 23 · Insurance

    total $1,730 · management and general $1,730

  • 24a · Other expenses: INSTRUCTIONAL SUPPLIES

    total $15,080 · program services $15,080

  • 24e · All other expenses

    total $1,535 · program services $800 · management and general $735

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,106 · end of year $100,000

  • 3 · Pledges and grants receivable

    beginning of year $139,304 · end of year $126,155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,659 · end of year $29,338

  • 15 · Other assets

    beginning of year $83,547 · end of year $258,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,124 · end of year $7,400

  • 19 · Deferred revenue

    end of year $11,316

  • 25 · Other liabilities

    beginning of year $97,901

  • 31 · Retained earnings, endowment or other funds

    beginning of year $192,591 · end of year $495,640

Mission and programs · 2022

Mission

THE ACADEMY'S MISSION IS TO OFFER A CLASSICALLY BASED EDUCATION THAT IS GROUNDED IN TIME-TESTED FUNDAMENTALS SO THAT STUDENTS LEARN TO THINK, DISCERN, AND BE PREPARED TO FILL A RISING NEED IN OUR CHANGING WORLD.

Activities or mission (Part I)

THE SOUTH CAROLINA PREPARATORY ACADEMY'S MISSION IS TO PROVIDE A HIGHLY MOTIVATIONAL AND RIGOROUS CURRICULUM, VIRTUAL IN NATURE AND CLASSICALLY BASED TO MIDDLE AND HIGH SCHOOL STUDENTS IN SOUTH CAROLINA.

  • DURING FY23, THE SOUTH CAROLINA PREPARATORY ACADEMY SERVED APPROXIMATELY 600 STUDENTS.

    Expenses $2,880,458

As filed on the 2022 return.

Listed in Part VII

  • Taylor Hall

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Alex Zelling

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Matt Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Bretts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dena Garner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marvin Koon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Kuckel

    DIRECTOR

    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
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349319973

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