Two Dimensions Preparatory Academy INC FY2023 filing

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The mission of Two Dimensions Preparatory Academy charter school is to develop knowledgeable reasoning and lifelong learners through a dynamic and challenging educational program of excellence.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$282K 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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FY2023 · 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
2 of 6
filings with a surplus
Average deficit $638 a year · under 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$282K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$406K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.6M
+12% vs prior year
Spent
$5.8M
To programs
83%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$5.6M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.8M
FY2021$5.2M
FY2022$5.0M
FY2023$5.6M
FY2024$5.0M
FY2025$4.8M
Expenses
$5.8M
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.1M
FY2021$4.9M
FY2022$5.4M
FY2023$5.8M
FY2024$5.4M
FY2025$4.9M
Net assets
$1.3M
FY2023▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.8M
FY2022$1.5M
FY2023$1.3M
FY2024$920K
FY2025$865K

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 1998.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $4.9M Management & general 16% · $960K Fundraising 0% · $771

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

6 people listed on the 990; $282K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$152,000Pt VII · Sec A
Superintendent
$100,000Pt VII · Sec A
Executive Administrator [t
$30,000Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Ladeirdre Conerly’s $165K as CFO/Member is at the 71st 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ladeirdre Conerly$164,613$156,857$152,000$146,335$144,695$148,407
Daisy L Simpson—$30,500$30,000$127,417$145,410$148,900
Deateria Akan$110,353$102,630$100,000$78,131——

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

Programs and updates

Develops knowledgeable, reasoning, lifelong learners through an excellent, challenging educational program.

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Provided by the organization

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1 program · $4.9M · in their own filed words · FY2022
01

Academic education of students from pre-school through fifth grade.

$4.9Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.6M
Ln 12
Fees for servicesLn 2g$4.0M
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$13K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.9M
Managementcol C$960K
Fundraisingcol D$771
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$465K
Total assetsLn 16$1.7M
LiabilitiesLn 26$406K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$4.0M
Investment incomeLn 3$13K
Total revenueLn 12$5.6M
Assets in detailPt X, end of year
CashLn 1$378K
SavingsLn 2$87K
Cash and savings togetherLn 1–2$465K
Land, buildings, equipmentLn 10c$695K
Other assetsLn 15$121K
Total assetsLn 16$1.7M
LiabilitiesLn 26$406K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 583
VolunteersI 6175
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$478K$465K
Land, buildings, equipmentLn 10c$604K$695K
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$299K$406K
Net assetsLn 32$1.5M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$373K$285K$88K
Other salaries and wagesLn 7$3.2M$2.6M$591K
Pension plan contributionsLn 8$205K$174K$31K
Other employee benefitsLn 9$131K$112K$20K
Payroll taxesLn 10$54K$44K$10K
Other fees for servicesLn 11g$261K$245K$16K
Office expensesLn 13$59K$59K
OccupancyLn 16$797K$714K$82K
TravelLn 17$47K$38K$9K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$105K$41K$65K
InsuranceLn 23$56K$45K$11K
Other expenses (24a–d)Ln 24$513K$479K$34K$771
All other expensesLn 24e$39K$35K$4K
Total functional expensesLn 25$5.8M$4.9M$960K$771

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.8M$4.9M−$55K$865K 990 PDF
FY2024 $5.0M$5.4M−$374K$920K 990 PDF
FY2023 Viewing $5.6M$5.8M−$190K$1.3M 990 PDF
FY2022 $5.0M$5.4M−$322K$1.5M 990 PDF
FY2021 $5.2M$4.9M$239K$1.8M 990 PDF
FY2020 $5.8M$5.1M$698K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,630,448 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $910,943$1,609,424
I-9 Program service revenuePrior year $4,109,939$4,008,384
I-10 Investment incomePrior year $27,937$12,640
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,048,819$5,630,448
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 $3,596,221$3,937,388
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,774,250$1,883,243
I-18 Total expensesPrior year $5,370,471$5,820,631
I-19 Revenue less expensesPrior year −$321,652−$190,183
Part VI · Governance 3 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,630,448 across 6 lines filed
VIII-1e Government grants$1,503,612
VIII-1f All other contributions, gifts and grants$105,812
VIII-1h Total contributions, gifts and grants$1,609,424
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,008,384$4,008,384
VIII-3 Investment incomeExcluded from tax $12,640$12,640
VIII-12 Total revenueRelated to mission $4,008,384 · Unrelated business $0 · Excluded from tax $12,640$5,630,448
Part IX · Statement of functional expenses $5,820,631 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $285,317 · Management $88,106$373,423
IX-7 Other salaries and wagesPrograms $2,583,137 · Management $590,702$3,173,839
IX-8 Pension plan contributionsPrograms $174,284 · Management $30,561$204,845
IX-9 Other employee benefitsPrograms $111,789 · Management $19,602$131,391
IX-10 Payroll taxesPrograms $43,577 · Management $10,313$53,890
IX-11g Other fees for servicesPrograms $244,565 · Management $16,301$260,866
IX-13 Office expensesPrograms $58,803$58,803
IX-16 OccupancyPrograms $714,143 · Management $82,473$796,616
IX-17 TravelPrograms $38,438 · Management $8,716$47,154
IX-20 InterestPrograms $6,146$6,146
IX-22 Depreciation, depletion and amortizationPrograms $40,503 · Management $64,606$105,109
IX-23 InsurancePrograms $45,000 · Management $11,250$56,250
IX-24 Other expenses (24a–d)Programs $478,774 · Management $33,534 · Fundraising $771$513,079
IX-24e All other expensesPrograms $35,336 · Management $3,884$39,220
IX-25 Total functional expensesPrograms $4,859,812 · Management $960,048 · Fundraising $771$5,820,631
Part X · Balance sheet $1,700,215 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $332,278$378,003
X-2 Savings and temporary cash investmentsStart of year $145,573$86,682
X-3 Pledges and grants receivableStart of year $698,486$409,825
X-9 Prepaid expenses and deferred chargesStart of year $1,955$9,712
X-10c Land, buildings and equipment, netStart of year $604,499$695,440
X-15 Other assetsStart of year $0$120,553
X-16 Total assetsStart of year $1,782,791$1,700,215
X-17 Accounts payable and accrued expensesStart of year $236,372$220,874
X-19 Deferred revenueStart of year $3,857$3,857
X-25 Other liabilitiesStart of year $58,328$181,433
X-26 Total liabilitiesStart of year $298,557$406,164
X-27 Net assets without donor restrictionsStart of year $304,172$292,693
X-28 Net assets with donor restrictionsStart of year $1,180,062$1,001,358
X-32 Total net assets or fund balancesStart of year $1,484,234$1,294,051
X-33 Total liabilities and net assetsStart of year $1,782,791$1,700,215
Part XI · Reconciliation of net assets $1,294,051 net assets at year end
XI-1 Total revenue$5,630,448
XI-2 Total expenses$5,820,631
XI-3 Revenue less expenses−$190,183
XI-4 Net assets at start of year$1,484,234
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,294,051

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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