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Arrow Preparatory Academy

Tax-deductible

Edmonds, WA501(c)(3)Education EIN 81-3772060Revenue $396K in FY2023

On file with the IRSarrowprep.org20406 76th Ave W, 98026-6804 · Edmonds, WATax-exempt since Jun 2017School — 170(b)(1)(A)(ii)

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Arrow Preparatory Academy provides educational services to its student body by operating a christian, university-model schoolf or grades kindergarten through high school. In this fiscal year the organization offered educatoin for grades k through 6th.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Run by 40 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $49K a year · 15% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2K
to officers and key staff · 0.6% of spending
Top officer’s pay lower than 99% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$396K
+19% vs prior year
Spent
$311K
To programs
77%
Net assets
$170K
By yearFY2020–FY2023
Revenue
$396K
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$244K
FY2022$334K
FY2023$396K
Expenses
$311K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$229K
FY2022$288K
FY2023$311K
Net assets
$170K
FY2023▲ +101%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$38K
FY2022$84K
FY2023$170K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2017.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $238K Management & general 23% · $72K

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

7 people listed on the 990; $2K 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
$1,840Pt VII · Sec A
Katie Frank
Board Member
$0Pt VII · Sec A
Clarissa Ma
Board Member
$0Pt VII · Sec A
Heidi Sankey
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Beth Thompson
Board Member
$0Pt VII · Sec A
George Woo
Board Member
$0Pt VII · Sec A

Brian Eastland’s $2K as Secretary is at the 1st 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.

See Arrow Preparatory Academy executive salaries →

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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

Operates a Christian university-model school for kindergarten through high school students.

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Provided by the organization

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1 program · $238K · in their own filed words · FY2022
01

Edcuational services. In the year ended june 30, 2023 the organization provided accredited educational services for grades kindergarten through sixth. Enrollment may fluctuate during the year, but at the conclusion of the 2022/2023 school year there were 45 students enrolled.

$238Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$13K
Total grants receivedfrom 1 funder$13K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$396K
Ln 12
Fees for servicesLn 2g$322K
Gifts and grantsLn 1h$71K
Other incomeLn 4–11$2K
Money outPt IX
$311K
Ln 25
Programscol B$238K
Managementcol C$72K
Owns and owesPt X
$170K
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$170K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Fees for servicesLn 2g$322K
Investment incomeLn 3$155
Other incomeLn 4–11$2K
Total revenueLn 12$396K
Assets in detailPt X, end of year
CashLn 1$170K
Cash and savings togetherLn 1–2$170K
Total assetsLn 16$170K
LiabilitiesLn 26$0
Net assetsLn 32$170K
OperationsPt I, VI
EmployeesI 56
VolunteersI 640
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$84K$170K
Total assetsLn 16$84K$170K
LiabilitiesLn 26$0$0
Net assetsLn 32$84K$170K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$213K$170K$43K
Payroll taxesLn 10$20K$16K$4K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$6K$5K$1K
OccupancyLn 16$16K$14K$2K
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$30K$22K$8K
All other expensesLn 24e$13K$6K$7K
Total functional expensesLn 25$311K$238K$72K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $396K$311K$86K$170K 990 PDF
FY2022 $334K$288K$46K$84K 990 PDF
FY2021 $244K$229K$15K$38K 990 PDF
FY2020 $153K$24K 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 FY2023 990 (6 parts)
Part I · Summary $396,196 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,876$71,444
I-9 Program service revenuePrior year $291,872$322,484
I-10 Investment incomePrior year $2$155
I-11 Other revenue$2,113
I-12 Total revenuePrior year $333,750$396,196
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $208,261$232,709
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,400$77,910
I-18 Total expensesPrior year $287,661$310,619
I-19 Revenue less expensesPrior year $46,089$85,577
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $396,196 across 7 lines filed
VIII-1f All other contributions, gifts and grants$71,444
VIII-1h Total contributions, gifts and grants$71,444
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $322,484$322,484
VIII-3 Investment incomeRelated to mission $155$155
VIII-8 Net income from fundraising events$785
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,328$1,328
VIII-12 Total revenueRelated to mission $323,967$396,196
Part IX · Statement of functional expenses $310,619 across 10 lines filed
IX-7 Other salaries and wagesPrograms $170,169 · Management $42,542$212,711
IX-10 Payroll taxesPrograms $15,998 · Management $4,000$19,998
IX-11c Accounting feesManagement $2,110$2,110
IX-11g Other fees for servicesPrograms $4,490$4,490
IX-12 Advertising and promotionManagement $2,871$2,871
IX-13 Office expensesPrograms $5,148 · Management $1,287$6,435
IX-16 OccupancyPrograms $14,371 · Management $1,597$15,968
IX-17 TravelManagement $2,496$2,496
IX-24 Other expenses (24a–d)Programs $22,141 · Management $8,227$30,368
IX-24e All other expensesPrograms $6,113 · Management $7,059$13,172
IX-25 Total functional expensesPrograms $238,430 · Management $72,189 · Fundraising $0$310,619
Part X · Balance sheet $169,928 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $84,351$169,928
X-16 Total assetsStart of year $84,351$169,928
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $84,351$169,928
X-33 Total liabilities and net assetsStart of year $84,351$169,928
Part XI · Reconciliation of net assets $169,928 net assets at year end
XI-1 Total revenue$396,196
XI-2 Total expenses$310,619
XI-3 Revenue less expenses$85,577
XI-4 Net assets at start of year$84,351
XI-10 Net assets at end of year$169,928

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

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