Akron Preparatory School FY2021 filing

Tax-deductible

Akron, OH501(c)(3)Since 2013EducationEIN 46-0609373Revenue $4.7M in FY2021

On file with the IRS1200 E Market St Ste 3360, 44305-4068 · Akron, OHTax-exempt since Aug 2014School — 170(b)(1)(A)(ii)

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Our vision is to create a culture of high expectations for behavior and academics through rigorous, research-based curricula and a focus on achievement. It is our goal that Akron Preparatory School scholars will attend a college preparatory high school and ultimately gain acceptance to and graduate from a four year college. It is our expectation that 100% of APS graduates will positively affect change in their local communities while making a contribution to our global society.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $393K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.6M
299% of total assets
Concern: liabilities are 299% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+47% vs prior year
Spent
$3.7M
To programs
100%
Net assets
−$3.1M
By yearFY2020–FY2025
Revenue
$4.7M
FY2021▲ +47%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$4.7M
FY2022$4.8M
FY2023$4.8M
FY2024$5.1M
FY2025$4.8M
Expenses
$3.7M
FY2021▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$3.7M
FY2022$3.6M
FY2023$4.6M
FY2024$5.3M
FY2025$5.1M
Net assets
−$3.1M
FY2021▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020−$4.1M
FY2021−$3.1M
FY2022−$1.9M
FY2023−$1.7M
FY2024−$1.8M
FY2025−$2.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board President
$1,200Pt VII · Sec A
Board Member
$1,200Pt VII · Sec A
Board Member
$1,100Pt VII · Sec A

Courtney Perry’s $1K as Board President is at the 0th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brian Kenderes——$925$900$1,200$900
Kevin Ray———$900$1,200$825
Audra Jones———$600$1,200$1,050
Bob Parina———$600$1,200$900
Courtney Perry$1,000$1,100$900$900$1,100$900
Laurie Murphy$900$1,100$900———
Carla Saunders$900$1,100————
Jennifer Lastery$900$1,100————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Prepares students for college success, ensuring high school graduation and four-year college completion.

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Provided by the organization

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1 program · $3.7M · in their own filed words · FY2020
01

The curriculum at Akron Preparatory School consists of 120 minutes of daily instruction in Reading and Mathematics and at least 60 minutes of Writing and Social Sciences. Our research-based program is aligned to the Ohio Common Core and is enhanced through a set of common instructional strategies that promote oral reading fluency…

$3.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$19K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.7M
Money outPt IX
$3.7M
Ln 25
Programscol B$3.7M
Owns and owesPt X
−$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$93K
Total assetsLn 16$1.5M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.7M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$93K
Cash and savings togetherLn 1–2$93K
Land, buildings, equipmentLn 10c$65K
Other assetsLn 15$743K
Total assetsLn 16$1.5M
LiabilitiesLn 26$4.6M
Net assetsLn 32−$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$71K$93K
Land, buildings, equipmentLn 10c$13K$65K
Total assetsLn 16$589K$1.5M
LiabilitiesLn 26$4.7M$4.6M
Net assetsLn 32−$4.1M−$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$1.2M
Other employee benefitsLn 9$121K$121K
Management feesLn 11a$847K$847K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$28K$28K
Other fees for servicesLn 11g$313K$313K
Advertising and promotionLn 12$59K$59K
OccupancyLn 16$334K$334K
InterestLn 20$59K$59K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$657K$657K$0$0
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$3.7M$3.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.8M$5.1M−$311K−$2.1M 990 PDF
FY2024 $5.1M$5.3M−$137K−$1.8M 990 PDF
FY2023 $4.8M$4.6M$209K−$1.7M 990 PDF
FY2022 $4.8M$3.6M$1.2M−$1.9M 990 PDF
FY2021 Viewing $4.7M$3.7M$1.0M−$3.1M 990 PDF
FY2020 $3.2M$2.8M$364K−$4.1M 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 (6 parts)
Part I · Summary $4,721,759 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,213,194$4,721,759
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,213,194$4,721,759
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,255,578$1,298,318
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,593,649$2,391,196
I-18 Total expensesPrior year $2,849,227$3,689,514
I-19 Revenue less expensesPrior year $363,967$1,032,245
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,721,759 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$4,721,759
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,721,759
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$4,721,759
Part IX · Statement of functional expenses $3,689,514 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,177,069$1,177,069
IX-9 Other employee benefitsPrograms $121,249$121,249
IX-11a Management feesPrograms $846,632$846,632
IX-11b Legal feesPrograms $21,939$21,939
IX-11c Accounting feesPrograms $28,127$28,127
IX-11g Other fees for servicesPrograms $313,128$313,128
IX-12 Advertising and promotionPrograms $59,204$59,204
IX-16 OccupancyPrograms $333,713$333,713
IX-20 InterestPrograms $58,522$58,522
IX-22 Depreciation, depletion and amortizationPrograms $38,270$38,270
IX-23 InsurancePrograms $12,033$12,033
IX-24 Other expenses (24a–d)Programs $657,311 · Management $0 · Fundraising $0$657,311
IX-24e All other expensesPrograms $22,317$22,317
IX-25 Total functional expensesPrograms $3,689,514 · Management $0 · Fundraising $0$3,689,514
Part X · Balance sheet $1,542,425 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $71,190$92,555
X-3 Pledges and grants receivableStart of year $46,241$624,586
X-9 Prepaid expenses and deferred chargesStart of year $17,000$17,000
X-10c Land, buildings and equipment, netStart of year $13,461$65,399
X-15 Other assetsStart of year $441,187$742,885
X-16 Total assetsStart of year $589,079$1,542,425
X-17 Accounts payable and accrued expensesStart of year $1,216,573$1,528,344
X-24 Unsecured notes and loans payableStart of year $932,569$461,200
X-25 Other liabilitiesStart of year $2,548,808$2,629,507
X-26 Total liabilitiesStart of year $4,697,950$4,619,051
X-27 Net assets without donor restrictionsStart of year −$4,108,871−$3,076,626
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$4,108,871−$3,076,626
X-33 Total liabilities and net assetsStart of year $589,079$1,542,425
Part XI · Reconciliation of net assets −$3,076,626 net assets at year end
XI-1 Total revenue$4,721,759
XI-2 Total expenses$3,689,514
XI-3 Revenue less expenses$1,032,245
XI-4 Net assets at start of year−$4,108,871
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$3,076,626

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

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