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← EDMOND COFIELD PREPARATORY ACADEMY FOR YOUNG MEN INC

Form 990 for tax year 2024

Filed by EDMOND COFIELD PREPARATORY ACADEMY FOR YOUNG MEN INC.

Totals

Total revenue
$598,276
Total expenses
$764,827
Contributions and grants received
$598,276
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$472,068
Total liabilities, end of year
$389,812
Net assets or fund balances, end of year
$82,256
Program services expenses (Part IX)
$391,349
Management and general expenses
$373,478
Fundraising expenses
$0
Program service expenses (Part III)
$391,349

Program services were 51.2% 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.

  • 1e · Government grants (contributions)

    $498,276

  • 1f · All other contributions, gifts and grants

    $100,000

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $240,400 · program services $123,835 · management and general $116,565

  • 9 · Other employee benefits

    total $31,181 · program services $16,062 · management and general $15,119

  • 10 · Payroll taxes

    total $18,543 · program services $9,552 · management and general $8,991

  • 11a · Fees: management

    total $66,050 · program services $66,050

  • 11c · Fees: accounting

    total $29,000 · management and general $29,000

  • 11g · Fees: other

    total $84,466 · program services $10,901 · management and general $73,565

  • 12 · Advertising and promotion

    total $13,946 · program services $13,946

  • 13 · Office expenses

    total $16,584 · program services $12,452 · management and general $4,132

  • 16 · Occupancy

    total $185,968 · program services $95,796 · management and general $90,172

  • 22 · Depreciation, depletion and amortization

    total $12,424 · program services $6,400 · management and general $6,024

  • 23 · Insurance

    total $30,065 · program services $15,487 · management and general $14,578

  • 24a · Other expenses: Misc Expense

    total $12,278 · management and general $12,278

  • 24b · Other expenses: Technology

    total $11,412 · program services $9,130 · management and general $2,282

  • 24c · Other expenses: Equipment

    total $5,203 · program services $5,203

  • 24d · Other expenses: Dues and Memberships

    total $3,676 · program services $2,904 · management and general $772

  • 24e · All other expenses

    total $3,631 · program services $3,631

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,671 · end of year $95,738

  • 3 · Pledges and grants receivable

    beginning of year $163,003 · end of year $91,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,435 · end of year $0

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

    $86,971

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

    $12,424

  • 10c · Land, buildings and equipment, net

    beginning of year $86,971 · end of year $74,547

  • 15 · Other assets

    beginning of year $375,344 · end of year $210,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $161,403 · end of year $202,259

  • 25 · Other liabilities

    beginning of year $352,214 · end of year $187,553

  • 27 · Net assets without donor restrictions

    beginning of year $248,807 · end of year $82,256

Mission and programs · 2024

Mission

At Edmonds Cofield Preparatory Academy for Young Men, we build a brotherhood of bold thinkers, joyful learners, and global innovators. Our young men are challenged academically, celebrated culturally, and empowered to lead with excellence and pride. Through rich experiences and real-world exposure, they discover their voice, their purpose, and their power, prepared to thrive in high school, college, career, and life.

  • Designed for young men ages 9 to 14, our school is a movement rooted in purpose, pride, and possibility, offering families a powerful choice: a school where excellence is expected, identity is affirmed, and futures are built

    Expenses $391,349

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Boise Kimber

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Dr Belinda Carberry

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Marcellus A Edwards III

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Dr Charles Williams

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dr Glen Worthy

    Member

    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
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349309960

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