Pha Preparatory School INC FY2021 filing

Tax-deductible

Kissimmee, FL501(c)(3)EducationEIN 27-1194548

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Pha Preparatory School is a non-profit organization our mission is to educate the childrenof our community through our academy programs.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $22K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$123K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$407K
-7% vs prior year
Spent
$411K
To programs
91%
Net assets
$56K
By yearFY2020–FY2024
Revenue
$407K
FY2021▼ -7%
Revenue by fiscal year
FY2020$436K
FY2021$407K
FY2022$466K
FY2023$532K
FY2024$600K
Expenses
$411K
FY2021▼ -1%
Expenses by fiscal year
FY2020$417K
FY2021$411K
FY2022$483K
FY2023$593K
FY2024$645K
Net assets
$56K
FY2021▼ -7%
Net assets by fiscal year
FY2020$60K
FY2021$56K
FY2022$136K
FY2023$75K
FY2024$30K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $373K Management & general 9% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pha Preparatory School INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates community children through academy programs.

Provided by the organization

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1 program service account for $373K of program spending, described in the organization's own filed words · FY2021.
01

Education students from pre-k to high school in developing education skills to fullfill education in completing necessary steps to pass the present school year

$373Kprogram expense

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$407K
Ln 12
Gifts and grantsLn 1h$407K
Money outPt IX
$411K
Ln 25
Programscol B$373K
Managementcol C$38K
Owns and owesPt X
$56K
net assets · Ln 32
Cash and savingsLn 1–2$138K
Total assetsLn 16$179K
LiabilitiesLn 26$123K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$407K
Total revenueLn 12$407K
Assets in detailPt X, end of year
CashLn 1$138K
Cash and savings togetherLn 1–2$138K
Land, buildings, equipmentLn 10c$11K
Total assetsLn 16$179K
LiabilitiesLn 26$123K
Net assetsLn 32$56K
OperationsPt I, VI
EmployeesI 59
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$97K$138K
Land, buildings, equipmentLn 10c$15K$11K
Total assetsLn 16$143K$179K
LiabilitiesLn 26$83K$123K
Net assetsLn 32$60K$56K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$43K$39K$4K
Other salaries and wagesLn 7$183K$164K$18K
Payroll taxesLn 10$18K$16K$2K
Legal feesLn 11b$346$346
Accounting feesLn 11c$8K$8K$696
Office expensesLn 13$6K$6K$491
TravelLn 17$2K$597$1K
InsuranceLn 23$15K$13K$2K
Other expenses (24a–d)Ln 24$16K$14K$2K
All other expensesLn 24e$118K$111K$8K
Total functional expensesLn 25$411K$373K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $600K$645K−$45K$30K 990 PDF
FY2023 $532K$593K−$61K$75K 990 PDF
FY2022 $466K$483K−$17K$136K 990 PDF
FY2021 Viewing $407K$411K−$4K$56K 990 PDF
FY2020 $436K$417K$19K$60K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $406,714 across 3 lines filed
VIII-1f All other contributions, gifts and grants$406,714
VIII-1h Total contributions, gifts and grants$406,714
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$406,714
Part IX · Statement of functional expenses $410,924 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $38,837 · Management $4,363$43,200
IX-7 Other salaries and wagesPrograms $164,354 · Management $18,465$182,819
IX-10 Payroll taxesPrograms $16,441 · Management $1,847$18,288
IX-11b Legal feesPrograms $346$346
IX-11c Accounting feesPrograms $7,529 · Management $696$8,225
IX-13 Office expensesPrograms $5,722 · Management $491$6,213
IX-17 TravelPrograms $597 · Management $1,480$2,077
IX-23 InsurancePrograms $13,372 · Management $1,695$15,067
IX-24 Other expenses (24a–d)Programs $14,479 · Management $1,761$16,240
IX-24e All other expensesPrograms $110,889 · Management $7,560$118,449
IX-25 Total functional expensesPrograms $372,566 · Management $38,358 · Fundraising $0$410,924
Part X · Balance sheet $179,402 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $97,205$137,829
X-4 Accounts receivableStart of year $30,825$30,825
X-10c Land, buildings and equipment, netStart of year $15,105$10,748
X-16 Total assetsStart of year $143,135$179,402
X-17 Accounts payable and accrued expensesStart of year $925$925
X-25 Other liabilitiesStart of year $82,040$122,517
X-26 Total liabilitiesStart of year $82,965$123,442
X-32 Total net assets or fund balancesStart of year $60,170$55,960
X-33 Total liabilities and net assetsStart of year $143,135$179,402
Part XI · Reconciliation of net assets $55,960 net assets at year end
XI-1 Total revenue$406,714
XI-2 Total expenses$410,924
XI-3 Revenue less expenses−$4,210
XI-4 Net assets at start of year$60,170
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$55,960

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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