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Arrow Preparatory Academy FY2022 filing

Tax-deductible

Edmonds, WA501(c)(3)Education EIN 81-3772060Revenue $334K in FY2022

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.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 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
3
of 5 voting members
Looks good: 3 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
$334K
+37% vs prior year
Spent
$288K
To programs
79%
Net assets
$84K
By yearFY2020–FY2023
Revenue
$334K
FY2022▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$244K
FY2022$334K
FY2023$396K
Expenses
$288K
FY2022▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$229K
FY2022$288K
FY2023$311K
Net assets
$84K
FY2022▲ +120%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$38K
FY2022$84K
FY2023$170K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

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

79 cents of each dollar spent went to programs.

Program services 79% · $228K Management & general 21% · $59K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Clarissa Ma
Board Member
$0Pt VII · Sec A
Brynn Sankey
Treasurer
$0Pt VII · Sec A
Heidi Sankey
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Brent Symes
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 2Yes
  • 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 · $228K · in their own filed words · FY2021
01

Edcuational services. In the year ended june 30, 2022 the organization provided accredited educational services for grades kindergarten through sixth. Enrollment may fluctuate during the year, but at the conclusion of the 2021/2022 school year there were 42 students enrolled.

$228Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$334K
Ln 12
Fees for servicesLn 2g$292K
Gifts and grantsLn 1h$42K
Investment incomeLn 3$2
Money outPt IX
$288K
Ln 25
Programscol B$228K
Managementcol C$59K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$42K
Fees for servicesLn 2g$292K
Investment incomeLn 3$2
Total revenueLn 12$334K
Assets in detailPt X, end of year
CashLn 1$84K
Cash and savings togetherLn 1–2$84K
Total assetsLn 16$84K
LiabilitiesLn 26$0
Net assetsLn 32$84K
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 FY22End FY22
Cash and savingsLn 1–2$38K$84K
Total assetsLn 16$38K$84K
LiabilitiesLn 26$0$0
Net assetsLn 32$38K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$190K$152K$38K
Payroll taxesLn 10$18K$15K$4K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$570$570
Office expensesLn 13$6K$5K$1K
OccupancyLn 16$11K$10K$1K
TravelLn 17$397$397
Other expenses (24a–d)Ln 24$30K$22K$8K
All other expensesLn 24e$10K$5K$6K
Total functional expensesLn 25$288K$228K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $396K$311K$86K$170K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $333,750 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,702$41,876
I-9 Program service revenuePrior year $213,092$291,872
I-10 Investment incomePrior year $2$2
I-11 Other revenue$0
I-12 Total revenuePrior year $243,796$333,750
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $167,349$208,261
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $61,938$79,400
I-18 Total expensesPrior year $229,287$287,661
I-19 Revenue less expensesPrior year $14,509$46,089
Part VI · Governance 3 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $333,750 across 5 lines filed
VIII-1f All other contributions, gifts and grants$41,876
VIII-1h Total contributions, gifts and grants$41,876
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $291,872$291,872
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $291,874$333,750
Part IX · Statement of functional expenses $287,661 across 10 lines filed
IX-7 Other salaries and wagesPrograms $151,954 · Management $37,989$189,943
IX-10 Payroll taxesPrograms $14,654 · Management $3,664$18,318
IX-11c Accounting feesManagement $1,022$1,022
IX-11g Other fees for servicesPrograms $20,460$20,460
IX-12 Advertising and promotionManagement $570$570
IX-13 Office expensesPrograms $4,685 · Management $1,171$5,856
IX-16 OccupancyPrograms $9,561 · Management $1,062$10,623
IX-17 TravelManagement $397$397
IX-24 Other expenses (24a–d)Programs $22,264 · Management $7,859$30,123
IX-24e All other expensesPrograms $4,641 · Management $5,708$10,349
IX-25 Total functional expensesPrograms $228,219 · Management $59,442 · Fundraising $0$287,661
Part X · Balance sheet $84,351 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $38,262$84,351
X-16 Total assetsStart of year $38,262$84,351
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $38,262$84,351
X-33 Total liabilities and net assetsStart of year $38,262$84,351
Part XI · Reconciliation of net assets $84,351 net assets at year end
XI-1 Total revenue$333,750
XI-2 Total expenses$287,661
XI-3 Revenue less expenses$46,089
XI-4 Net assets at start of year$38,262
XI-10 Net assets at end of year$84,351

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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