East Preparatory Academy

Tax-deductible

Cleveland, OH501(c)(3)EducationEIN 46-2285806Revenue $3.5M in FY2025

On file with the IRSeastprep.org4129 Superior Ave, 44103-1129 · Cleveland, OHTax-exempt since Jun 2015Publicly supported charity — 170(b)(1)(A)(vi)

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East Preparatory Academy, serving grades K-8, is dedicated to improving the lives of its students by providing authentic learning experiences in a collaborative, nurturing environment that will build a foundation for student success in school, at future work, and in life.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$21K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2025 · 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
6 of 6
filings with a surplus
Average surplus $263K a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 0.6% of spending
Top officer’s pay lower than 98% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
110% of total assets
Concern: liabilities are 110% 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
$3.5M
-26% vs prior year
Spent
$3.4M
To programs
97%
Net assets
−$247K
By yearFY2020–FY2025
Revenue
$3.5M
FY2025▼ -26%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.3M
FY2021$2.5M
FY2022$3.0M
FY2023$3.2M
FY2024$4.8M
FY2025$3.5M
Expenses
$3.4M
FY2025▼ -21%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.6M
FY2023$3.0M
FY2024$4.4M
FY2025$3.4M
Net assets
−$247K
FY2025▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.7M
FY2021−$1.4M
FY2022−$1.1M
FY2023−$828K
FY2024−$362K
FY2025−$247K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2015.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.3M Management & general 3% · $100K

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

5 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$4,500Pt VII · Sec A
Board Member
$4,500Pt VII · Sec A
Board Member
$4,125Pt VII · Sec A
Board Member
$3,750Pt VII · Sec A
Board President
$3,750Pt VII · Sec A

Brenda Goins’s $4K as Board Member is at the 2nd 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brenda Goins$4,500$4,750$5,125$4,500$4,500$4,500
Velma Chandler$3,750$4,750$5,125$4,500$4,500$4,375
Lisa Gonzales$4,500$4,750$4,750$4,500$4,500$2,443
Rhonda Young Hurt$3,750$3,375$4,125$3,125$4,125$4,250
Wendi Kral$4,125$4,000$2,875———
Amanda Threat———$2,750$3,500$3,375
Marilyn Williams—————$750

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

Educates K-8 students with authentic learning and nurturing support for lifelong success.

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1 program · $3.3M · in their own filed words · FY2024
01

East Preparatory Academy serves students in grades K-8.

$3.3Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Gifts and grantsLn 1h$3.5M
Money outPt IX
$3.4M
Ln 25
Programscol B$3.3M
Managementcol C$100K
Owns and owesPt X
−$247K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.7M
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$3.5M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$204K
Other assetsLn 15$841K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.7M
Net assetsLn 32−$247K
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 FY25End FY25
Cash and savingsLn 1–2$968K$1.2M
Land, buildings, equipmentLn 10c$353K$204K
Total assetsLn 16$2.6M$2.4M
LiabilitiesLn 26$3.0M$2.7M
Net assetsLn 32−$362K−$247K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M$1.6M
Other employee benefitsLn 9$7K$7K
Management feesLn 11a$461K$461K
Legal feesLn 11b$32K$32K
Accounting feesLn 11c$49K$49K
Other fees for servicesLn 11g$186K$186K
Advertising and promotionLn 12$48K$48K
OccupancyLn 16$162K$162K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$149K$149K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$662K$594K$68K$0
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$3.4M$3.3M$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.5M$3.4M$115K−$247K 990 PDF
FY2024 $4.8M$4.4M$465K−$362K 990 PDF
FY2023 $3.2M$3.0M$257K−$828K 990 PDF
FY2022 $3.0M$2.6M$351K−$1.1M 990 PDF
FY2021 $2.5M$2.2M$262K−$1.4M 990 PDF
FY2020 $2.3M$2.2M$126K−$1.7M 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 FY2025 990 (6 parts)
Part I · Summary $3,547,290 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,821,812$3,547,290
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 $4,821,812$3,547,290
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 $1,725,473$1,625,225
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,630,933$1,806,582
I-18 Total expensesPrior year $4,356,406$3,431,807
I-19 Revenue less expensesPrior year $465,406$115,483
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 $3,547,290 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$3,547,290
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$3,547,290
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,547,290
Part IX · Statement of functional expenses $3,431,807 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,617,901$1,617,901
IX-9 Other employee benefitsPrograms $7,324$7,324
IX-11a Management feesPrograms $461,277$461,277
IX-11b Legal feesManagement $31,680$31,680
IX-11c Accounting feesPrograms $48,607$48,607
IX-11g Other fees for servicesPrograms $185,629$185,629
IX-12 Advertising and promotionPrograms $48,490$48,490
IX-16 OccupancyPrograms $162,045$162,045
IX-20 InterestPrograms $12,065$12,065
IX-22 Depreciation, depletion and amortizationPrograms $149,236$149,236
IX-23 InsurancePrograms $22,873$22,873
IX-24 Other expenses (24a–d)Programs $594,215 · Management $68,011 · Fundraising $0$662,226
IX-24e All other expensesPrograms $22,454$22,454
IX-25 Total functional expensesPrograms $3,332,116 · Management $99,691 · Fundraising $0$3,431,807
Part X · Balance sheet $2,409,550 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $968,347$1,243,953
X-3 Pledges and grants receivableStart of year $147,572$57,193
X-4 Accounts receivableStart of year $9,533$30,163
X-9 Prepaid expenses and deferred chargesStart of year $40,000$33,800
X-10c Land, buildings and equipment, netStart of year $352,976$203,741
X-15 Other assetsStart of year $1,130,359$840,700
X-16 Total assetsStart of year $2,648,787$2,409,550
X-17 Accounts payable and accrued expensesStart of year $207,510$237,118
X-25 Other liabilitiesStart of year $2,803,487$2,419,159
X-26 Total liabilitiesStart of year $3,010,997$2,656,277
X-27 Net assets without donor restrictionsStart of year −$362,210−$246,727
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$362,210−$246,727
X-33 Total liabilities and net assetsStart of year $2,648,787$2,409,550
Part XI · Reconciliation of net assets −$246,727 net assets at year end
XI-1 Total revenue$3,547,290
XI-2 Total expenses$3,431,807
XI-3 Revenue less expenses$115,483
XI-4 Net assets at start of year−$362,210
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−$246,727

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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