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← SHAWN RAGIN DBA RAGIN PREPARATORY CHRISTIAN ACADEMY

Form 990 for tax year 2025

Filed by SHAWN RAGIN DBA RAGIN PREPARATORY CHRISTIAN ACADEMY.

Totals

Total revenue
$1,989,322
Total expenses
$2,045,689
Contributions and grants received
$994,304
Grants paid
$0
Program service revenue
$986,285
Investment income
$8,733
Other revenue
$0
Total assets, end of year
$1,523,687
Total liabilities, end of year
$574,702
Net assets or fund balances, end of year
$948,985
Program services expenses (Part IX)
$1,080,857
Management and general expenses
$964,132
Fundraising expenses
$700
Program service expenses (Part III)
$1,080,857

Program services were 52.8% 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.

  • 1c · Fundraising events

    $1,424

  • 1e · Government grants (contributions)

    $992,780

  • 1f · All other contributions, gifts and grants

    $100

  • 2a · Program service revenue: TUITION

    total $986,285 · related or exempt $986,285

  • 3 · Investment income

    total $94 · related or exempt $94

  • 7a · Gross sales of assets other than inventory

    other assets $8,639

  • 7c · Gain or loss

    other assets $8,639

  • 7d · Net gain or loss

    total $8,639 · related or exempt $8,639

  • 8a · Fundraising events: contributions included on line 1c

    $1,424

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,467,760 · program services $832,323 · management and general $635,437

  • 10 · Payroll taxes

    total $102,003 · program services $58,142 · management and general $43,861

  • 11c · Fees: accounting

    total $18,020 · management and general $18,020

  • 11g · Fees: other

    total $1,307 · program services $1,307

  • 12 · Advertising and promotion

    total $45 · management and general $45

  • 13 · Office expenses

    total $45,907 · management and general $45,907

  • 14 · Information technology

    total $10,866 · program services $10,866

  • 16 · Occupancy

    total $47,067 · management and general $47,067

  • 17 · Travel

    total $82,573 · program services $77,344 · management and general $5,229

  • 19 · Conferences, conventions and meetings

    total $700 · fundraising $700

  • 23 · Insurance

    total $55,704 · management and general $55,704

  • 24a · Other expenses: BANK FEES

    total $2,616 · management and general $2,616

  • 24b · Other expenses: LEASE

    total $63,062 · management and general $63,062

  • 24c · Other expenses: FOOD

    total $49,478 · program services $49,478

  • 24d · Other expenses: SUPPLIES

    total $73,585 · program services $51,397 · management and general $22,188

  • 24e · All other expenses

    total $24,996 · management and general $24,996

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,081 · end of year $51,425

  • 3 · Pledges and grants receivable

    end of year $187,088

  • 10a · Land, buildings and equipment: cost or other basis

    $1,453,913

  • 10b · Land, buildings and equipment: accumulated depreciation

    $168,739

  • 10c · Land, buildings and equipment, net

    beginning of year $1,313,829 · end of year $1,285,174

  • 23 · Secured mortgages and notes payable

    beginning of year $414,558 · end of year $574,702

  • 27 · Net assets without donor restrictions

    beginning of year $1,005,352 · end of year $948,985

Mission and programs · 2025

Mission

EQUIPPING STUDENTS FOR A SUCCESSFUL LIFE THROUGH ACADEMICS AND SERVICE TO CHRIST

  • ALL ENROLLED STUDENTS PROGRESSED SATISFACTORILY.

    Expenses $1,080,857

As filed on the 2025 return.

Listed in Part VII

  • Angelia Terry

    BUSINESS ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    60

  • WILLIE J THOMPSON Jr

    ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    0

  • Harriett Lampkin

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Tiawana Mayo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Garryl Deas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jarod Stukes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Kaynarra Capers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Terrie Coulter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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
2025
Filed
15 May 2026
IRS schema version
2025v4.1
Source object
202601489349300645

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