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← HOGAN PREPARATORY ACADEMY INC

Form 990 for tax year 2024

Filed by HOGAN PREPARATORY ACADEMY INC.

Totals

Total revenue
$17,272,147
Total expenses
$19,279,153
Contributions and grants received
$16,696,897
Grants paid
$0
Program service revenue
$530,339
Investment income
$44,911
Other revenue
$0
Total assets, end of year
$29,215,396
Total liabilities, end of year
$13,820,200
Net assets or fund balances, end of year
$15,395,196
Program services expenses (Part IX)
$12,759,043
Management and general expenses
$6,520,110
Fundraising expenses
$0
Program service expenses (Part III)
$12,759,043

Program services were 66.2% 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)

    $15,760,177

  • 1f · All other contributions, gifts and grants

    $936,720

  • 2a · Program service revenue: OTHER PROGRAM FEES

    total $530,339 · related or exempt $530,339

  • 3 · Investment income

    total $44,911 · excluded $44,911

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,615,774 · program services $5,462,447 · management and general $1,153,327

  • 8 · Pension plan contributions

    total $749,765 · program services $617,513 · management and general $132,252

  • 9 · Other employee benefits

    total $665,036 · program services $509,991 · management and general $155,045

  • 10 · Payroll taxes

    total $485,317 · program services $400,819 · management and general $84,498

  • 11g · Fees: other

    total $4,779,135 · program services $1,864,357 · management and general $2,914,778

  • 13 · Office expenses

    total $743,892 · program services $629,831 · management and general $114,061

  • 16 · Occupancy

    total $894,479 · program services $894,479

  • 22 · Depreciation, depletion and amortization

    total $824,926 · program services $646,944 · management and general $177,982

  • 23 · Insurance

    total $201,879 · program services $195,793 · management and general $6,086

  • 24a · Other expenses: LITIGATION

    total $1,755,469 · management and general $1,755,469

  • 24b · Other expenses: TRANSPORTATION

    total $1,042,995 · program services $1,039,862 · management and general $3,133

  • 24c · Other expenses: FOOD SERVICE

    total $498,414 · program services $487,446 · management and general $10,968

  • 24d · Other expenses: COMMUNICATIONS

    total $22,072 · program services $9,561 · management and general $12,511

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,504,787 · end of year $9,407,458

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

    $23,139,850

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

    $3,448,260

  • 10c · Land, buildings and equipment, net

    beginning of year $20,490,316 · end of year $19,691,590

  • 15 · Other assets

    beginning of year $6,713 · end of year $116,348

  • 23 · Secured mortgages and notes payable

    beginning of year $14,599,614 · end of year $13,820,200

  • 27 · Net assets without donor restrictions

    beginning of year $17,379,702 · end of year $15,246,921

  • 28 · Net assets with donor restrictions

    beginning of year $22,500 · end of year $148,275

Mission and programs · 2024

Mission

HOGAN PREPARATORY ACADEMY IS AN EXCEPTIONAL K-12 PUBLIC CHARTER SCHOOL WHERE STUDENTS BECOME COMPASSIONATE LEADERS WHO ARE COLLEGE AND CAREER READY WITH A DISTINCT COMPETITIVE ADVANTAGE.

  • OPERATE AND MAINTAIN AN EDUCATION INSTITUTION SERVING 818 ENROLLED STUDENTS IN GRADES K THROUGH 12.

    Expenses $12,759,043 · Revenue $530,339

As filed on the 2024 return.

Listed in Part VII

  • Danielle Binion

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Daniel Smith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erin Lenihan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Pokam Ngomsi

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Natalie Lewis

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joel Ritchie

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Tamara Burns

    INTERIM SUPERINTENDENT

    Total calculated
    $0
    Hours/week
    40

  • Michael Jones

    PRINCIPAL

    Total calculated
    $139,417
    From this org
    $116,657
    From related orgs
    $0
    Other
    $22,760
    Hours/week
    40

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
11 May 2026
IRS schema version
2024v5.5
Source object
202601349349301740

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