Owasso Preparatory Academy is a private christian school in the university-model. The corporation's mission is to partner with parents to prepare students for higher education through exceptional academics, quality extracurricular activities, and purposeful development of christ-like character.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 131 volunteers and 48 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
5 of 6
filings with a surplus
Average surplus $88K a year · 7% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
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
$2.5M
+89% vs prior year
Spent
$2.3M
To programs
98%
Net assets
$577K
By yearFY2020–FY2025
Revenue
$2.5M
FY2025▲ +89%
Tap a bar for its year
Revenue by fiscal year
FY2020$546K
FY2021$918K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$2.5M
Expenses
$2.3M
FY2025▲ +68%
Tap a bar for its year
Expenses by fiscal year
FY2020$531K
FY2021$721K
FY2022$947K
FY2023$1.1M
FY2024$1.4M
FY2025$2.3M
Net assets
$577K
FY2025▲ +54%
Tap a bar for its year
Net assets by fiscal year
FY2020$66K
FY2021$264K
FY2022$374K
FY2023$420K
FY2024$374K
FY2025$577K

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 Sep 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.3M Management & general 1% · $32K Fundraising 0% · $7K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tiffany Rinas’s $33K as Board Officer is at the 4th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tiffany Rinas$32,815$25,281$23,729$23,729$20,436

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

Prepares students for higher education through academics, activities, and character development.

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Provided by the organization

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2 programs · $2.2M · in their own filed words · FY2024
01

Owasso preparatory academy provides education and training in language, arts, mathematics, science, history, physical education, and various extracurricular classes. Extracurricular classes offered in the 2022-2023 academic year included spanish, art, music, and drama.

$2.1Mprogram expense
02

Owasso preparatory academy offers several programs for students to participate outside the classrom to extend their life skills. Extracurricular programs such as athletics, clubs and other organizations.

$137Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$22

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$102K
Investment incomeLn 3$23K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.3M
Managementcol C$32K
Fundraisingcol D$7K
Owns and owesPt X
$577K
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$102K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$92K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$23K
Gains on assetsLn 7$13K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$493K
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$90K
Other assetsLn 15$38K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.1M
Net assetsLn 32$577K
OperationsPt I, VI
EmployeesI 548
VolunteersI 6131
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$1.1M$1.5M
Land, buildings, equipmentLn 10c$73K$90K
Total assetsLn 16$1.3M$1.7M
LiabilitiesLn 26$897K$1.1M
Net assetsLn 32$374K$577K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.6M$1.6M
Other employee benefitsLn 9$34K$34K
Payroll taxesLn 10$132K$132K
Management feesLn 11a$32K$32K
Professional fundraising feesLn 11e$7K$7K
Other fees for servicesLn 11g$18K$18K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$24K$24K
OccupancyLn 16$60K$60K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$341K$341K$0$0
Total functional expensesLn 25$2.3M$2.3M$32K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.5M$2.3M$202K$577K 990 PDF
FY2024 $1.3M$1.4M−$48K$374K 990 PDF
FY2023 $1.2M$1.1M$52K$420K 990 PDF
FY2022 $1.1M$947K$111K$374K 990 PDF
FY2021 $918K$721K$197K$264K 990 PDF
FY2020 $546K$531K$16K$66K 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 O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,539,090 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $204,070$101,800
I-9 Program service revenuePrior year $1,140,540$2,413,810
I-10 Investment incomePrior year $412$23,480
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,345,022$2,539,090
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 $1,022,550$1,773,338
I-16a Professional fundraising feesPrior year $0$7,158
I-17 Other expensesPrior year $370,708$556,398
I-18 Total expensesPrior year $1,393,258$2,336,894
I-19 Revenue less expensesPrior year −$48,236$202,196
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $2,539,090 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$91,700
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$10,100
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$101,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,413,810 · Unrelated business $0 · Excluded from tax $0$2,413,810
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $10,480 · Excluded from tax $0$10,480
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $13,000 · Unrelated business $0 · Excluded from tax $0$13,000
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $2,426,810 · Unrelated business $10,480 · Excluded from tax $0$2,539,090
Part IX · Statement of functional expenses $2,336,894 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,607,925$1,607,925
IX-9 Other employee benefitsPrograms $33,789$33,789
IX-10 Payroll taxesPrograms $131,624$131,624
IX-11a Management feesManagement $32,015$32,015
IX-11e Professional fundraising feesFundraising $7,158$7,158
IX-11g Other fees for servicesPrograms $18,466$18,466
IX-12 Advertising and promotionPrograms $16,326$16,326
IX-13 Office expensesPrograms $24,315$24,315
IX-16 OccupancyPrograms $59,685$59,685
IX-17 TravelPrograms $3,512$3,512
IX-22 Depreciation, depletion and amortizationPrograms $39,226$39,226
IX-23 InsurancePrograms $21,897$21,897
IX-24 Other expenses (24a–d)Programs $340,956 · Management $0 · Fundraising $0$340,956
IX-25 Total functional expensesPrograms $2,297,721 · Management $32,015 · Fundraising $7,158$2,336,894
Part X · Balance sheet $1,679,196 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $636,270$493,116
X-2 Savings and temporary cash investmentsStart of year $501,419$1,011,898
X-4 Accounts receivableStart of year $0$2,225
X-9 Prepaid expenses and deferred chargesStart of year $60,607$44,542
X-10c Land, buildings and equipment, netStart of year $72,795$89,880
X-15 Other assets$37,535
X-16 Total assetsStart of year $1,271,091$1,679,196
X-17 Accounts payable and accrued expenses$37,533
X-19 Deferred revenueStart of year $897,027$1,064,774
X-26 Total liabilitiesStart of year $897,027$1,102,307
X-27 Net assets without donor restrictionsStart of year $217,519$424,344
X-28 Net assets with donor restrictionsStart of year $156,545$152,545
X-32 Total net assets or fund balancesStart of year $374,064$576,889
X-33 Total liabilities and net assetsStart of year $1,271,091$1,679,196
Part XI · Reconciliation of net assets $576,889 net assets at year end
XI-1 Total revenue$2,539,090
XI-2 Total expenses$2,336,894
XI-3 Revenue less expenses$202,196
XI-4 Net assets at start of year$374,064
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$629
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$576,889

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

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