Excel Preparatory Schools INC FY2021 filing

Tax-deductible

Columbus, OH501(c)(3)Since 2004EducationEIN 51-0530857Revenue $727K in FY2021

On file with the IRSmasiondayschool.org72 Woodland Ave, 43203-1769 · Columbus, OHTax-exempt since Nov 2005School — 170(b)(1)(A)(ii)

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Private school serving preschool through 5th grade students.

501(c)(3) charity; gifts are tax-deductible.
96¢ 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
4 of 5
filings with a surplus
Average surplus $42K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$727K
-8% vs prior year
Spent
$628K
To programs
96%
Net assets
$192K
By yearFY2020–FY2024
Revenue
$727K
FY2021▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$786K
FY2021$727K
FY2022$732K
FY2023$650K
FY2023$702K
FY2024$820K
Expenses
$628K
FY2021▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$746K
FY2021$628K
FY2022$704K
FY2023$696K
FY2023$674K
FY2024$733K
Net assets
$192K
FY2021▲ +105%
Tap a bar for its year
Net assets by fiscal year
FY2020$93K
FY2021$192K
FY2022$121K
FY2023$16K
FY2023$41K
FY2024$117K

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

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2005.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $600K Management & general 4% · $27K Fundraising 0% · $816

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Deborra James’s $72K as Executive Director is at the 64th percentile of top reported officer pay among 1613 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Deborra James$72,000$21,073$72,000$72,000

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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Educates children from preschool through fifth grade in a private school setting.

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Provided by the organization

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1 program · $600K · in their own filed words · FY2020
01

Private school serving preschool through 5th grade students. Activities provided to the stundents are educational instruction, before and after schol childcare, tutoring services, and special enrichment classes that include, but not limited to, gumnastics, special science and yoga.

$600Kprogram 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$21K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$727K
Ln 12
Fees for servicesLn 2g$384K
Gifts and grantsLn 1h$279K
Other incomeLn 4–11$65K
Money outPt IX
$628K
Ln 25
Programscol B$600K
Managementcol C$27K
Fundraisingcol D$816
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$68K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$279K
Government grantsLn 1e$171K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$384K
Other incomeLn 4–11$65K
Total revenueLn 12$727K
Assets in detailPt X, end of year
CashLn 1$68K
Cash and savings togetherLn 1–2$68K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.5M
LiabilitiesLn 26$1.3M
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 518
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$112K$68K
Land, buildings, equipmentLn 10c$6K$1.1M
Total assetsLn 16$408K$1.5M
LiabilitiesLn 26$314K$1.3M
Net assetsLn 32$93K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$289K$289K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$19K$19K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$38K$38K
Advertising and promotionLn 12$800$784$16
Office expensesLn 13$26K$21K$5K$55
Information technologyLn 14$6K$6K$640
OccupancyLn 16$138K$136K$2K
Conferences, conventions and meetingsLn 19$4K$4K
InterestLn 20$6K$6K$617
Depreciation, depletion and amortizationLn 22$1K$1K$143
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$1K$468$745
Total functional expensesLn 25$628K$600K$27K$816

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $820K$733K$87K$117K 990 PDF
FY2023 $650K$696K−$46K$16K 990 PDF
FY2022 $732K$704K$28K$121K 990 PDF
FY2021 Viewing $727K$628K$100K$192K 990 PDF
FY2020 $786K$746K$41K$93K 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 $727,354 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,950$278,890
I-9 Program service revenuePrior year $581,408$383,730
I-10 Investment income$0
I-11 Other revenue$64,734
I-12 Total revenuePrior year $786,358$727,354
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $305,941$313,117
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $439,806$314,713
I-18 Total expensesPrior year $745,747$627,830
I-19 Revenue less expensesPrior year $40,611$99,524
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $727,354 across 7 lines filed
VIII-1c Fundraising events$10,211
VIII-1e Government grants$171,339
VIII-1f All other contributions, gifts and grants$97,340
VIII-1h Total contributions, gifts and grants$278,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $383,730$383,730
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $64,734$64,734
VIII-12 Total revenueRelated to mission $448,464 · Unrelated business $0 · Excluded from tax $0$727,354
Part IX · Statement of functional expenses $627,830 across 15 lines filed
IX-7 Other salaries and wagesPrograms $289,356$289,356
IX-9 Other employee benefitsPrograms $4,963$4,963
IX-10 Payroll taxesPrograms $18,798$18,798
IX-11c Accounting feesManagement $18,500$18,500
IX-11g Other fees for servicesPrograms $37,805$37,805
IX-12 Advertising and promotionPrograms $784 · Fundraising $16$800
IX-13 Office expensesPrograms $20,703 · Management $4,797 · Fundraising $55$25,555
IX-14 Information technologyPrograms $5,756 · Management $640$6,396
IX-16 OccupancyPrograms $135,797 · Management $2,382$138,179
IX-19 Conferences, conventions and meetingsPrograms $4,147$4,147
IX-20 InterestPrograms $5,551 · Management $617$6,168
IX-22 Depreciation, depletion and amortizationPrograms $1,286 · Management $143$1,429
IX-23 InsurancePrograms $17,603$17,603
IX-24 Other expenses (24a–d)Programs $56,918$56,918
IX-24e All other expensesPrograms $468 · Fundraising $745$1,213
IX-25 Total functional expensesPrograms $599,935 · Management $27,079 · Fundraising $816$627,830
Part X · Balance sheet $1,465,128 assets, 12 lines filed
Asset lines not itemized here account for $239,580; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $112,232$67,851
X-4 Accounts receivableStart of year $80,879$89,012
X-9 Prepaid expenses and deferred charges$1,300
X-10c Land, buildings and equipment, netStart of year $5,952$1,067,385
X-16 Total assetsStart of year $407,982$1,465,128
X-17 Accounts payable and accrued expensesStart of year $13,639$12,158
X-19 Deferred revenueStart of year $15,656$28,986
X-24 Unsecured notes and loans payableStart of year $4,123$600
X-25 Other liabilitiesStart of year $75,356$1,016,281
X-26 Total liabilitiesStart of year $314,497$1,273,046
X-32 Total net assets or fund balancesStart of year $93,485$192,082
X-33 Total liabilities and net assetsStart of year $407,982$1,465,128
Part XI · Reconciliation of net assets $192,082 net assets at year end
XI-1 Total revenue$727,354
XI-2 Total expenses$627,830
XI-3 Revenue less expenses$99,524
XI-4 Net assets at start of year$93,485
XI-8 Prior period adjustments−$927
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$192,082

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

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