Central Point Preparatory Academy FY2024 filing

Tax-deductible

Columbus, OH501(c)(3)Since 2020EIN 84-4844684Revenue $2.4M in FY2024

On file with the IRScentralpointprep.org680 Harrisburg Pike, 43223-2100 · Columbus, OHTax-exempt since Feb 2021School — 170(b)(1)(A)(ii)

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Central Point Preparatory Academy is a public, community school. We are our own school district sponsored by St. Aloysius Orphanage. which provides oversight and enforces academic, fiscal, and legal accountability.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$3K 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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FY2024 · 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 5
filings with a surplus
Average deficit $190K a year · 8% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3K
to officers and key staff · 0.09% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.2M
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-21% vs prior year
Spent
$3.0M
To programs
100%
Net assets
−$481K
By yearFY2021–FY2025
Revenue
$2.4M
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.2M
FY2022$3.0M
FY2023$3.0M
FY2024$2.4M
FY2025$1.9M
Expenses
$3.0M
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.0M
FY2022$2.7M
FY2023$3.4M
FY2024$3.0M
FY2025$2.3M
Net assets
−$481K
FY2024▼ -455%
Tap a bar for its year
Net assets by fiscal year
FY2021$198K
FY2022$479K
FY2023$136K
FY2024−$481K
FY2025−$948K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Feb 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $3.0M

Form 990 Part IX, line 25. 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; $3K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Board President
$1,000Pt VII · Sec A
Board Member
$625Pt VII · Sec A
Board Member
$600Pt VII · Sec A
Board Member
$435Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024
Elise Greg$1,000$1,000
Janie Baker$1,000$625
Rocky Black$1,000$600
Shelly Nutter$1,000$435

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 15aNo

Programs and updates

Educates children in a community school setting, sponsored by an orphanage.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2023
01

At Central Point Preparatory Academy, we provide a standards-based curriculum that teaches students skills for college and career readiness. We are accredited by CogniaTM for meeting the highest standards of education in ongoing third-party review.

$3.0Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Money outPt IX
$3.0M
Ln 25
Programscol B$3.0M
Owns and owesPt X
−$481K
net assets · Ln 32
Cash and savingsLn 1–2$110K
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$110K
Cash and savings togetherLn 1–2$110K
Land, buildings, equipmentLn 10c$147K
Other assetsLn 15$1.0M
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.2M
Net assetsLn 32−$481K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$181K$110K
Land, buildings, equipmentLn 10c$240K$147K
Total assetsLn 16$2.0M$1.7M
LiabilitiesLn 26$1.9M$2.2M
Net assetsLn 32$136K−$481K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$606K$606K
Other employee benefitsLn 9$481K$481K
Management feesLn 11a$302K$302K
Legal feesLn 11b$42K$42K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$482K$482K
Advertising and promotionLn 12$35K$35K
OccupancyLn 16$480K$480K
Depreciation, depletion and amortizationLn 22$114K$114K
InsuranceLn 23$13K$13K
Other expenses (24a–d)Ln 24$394K$394K$0$0
All other expensesLn 24e$18K$18K
Total functional expensesLn 25$3.0M$3.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$2.3M−$467K−$948K 990 PDF
FY2024 Viewing $2.4M$3.0M−$616K−$481K 990 PDF
FY2023 $3.0M$3.4M−$344K$136K 990 PDF
FY2022 $3.0M$2.7M$281K$479K 990 PDF
FY2021 $2.2M$2.0M$198K$198K 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 FY2024 990 (6 parts)
Part I · Summary $2,386,688 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,032,912$2,386,688
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,032,912$2,386,688
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 $1,357,004$1,087,010
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,019,534$1,916,131
I-18 Total expensesPrior year $3,376,538$3,003,141
I-19 Revenue less expensesPrior year −$343,626−$616,453
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,386,688 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,386,688
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,386,688
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,386,688
Part IX · Statement of functional expenses $3,003,141 across 12 lines filed
IX-7 Other salaries and wagesPrograms $606,080$606,080
IX-9 Other employee benefitsPrograms $480,930$480,930
IX-11a Management feesPrograms $301,860$301,860
IX-11b Legal feesPrograms $42,000$42,000
IX-11c Accounting feesPrograms $35,457$35,457
IX-11g Other fees for servicesPrograms $482,180$482,180
IX-12 Advertising and promotionPrograms $35,064$35,064
IX-16 OccupancyPrograms $480,478$480,478
IX-22 Depreciation, depletion and amortizationPrograms $114,328$114,328
IX-23 InsurancePrograms $12,598$12,598
IX-24 Other expenses (24a–d)Programs $394,436 · Management $0 · Fundraising $0$394,436
IX-24e All other expensesPrograms $17,730$17,730
IX-25 Total functional expensesPrograms $3,003,141 · Management $0 · Fundraising $0$3,003,141
Part X · Balance sheet $1,744,330 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $181,321$109,732
X-3 Pledges and grants receivableStart of year $267,371$297,000
X-4 Accounts receivableStart of year $35,925$96,725
X-9 Prepaid expenses and deferred chargesStart of year $15,986$51,870
X-10c Land, buildings and equipment, netStart of year $240,167$147,202
X-15 Other assetsStart of year $1,255,744$1,041,801
X-16 Total assetsStart of year $1,996,514$1,744,330
X-17 Accounts payable and accrued expensesStart of year $289,329$549,822
X-25 Other liabilitiesStart of year $1,571,611$1,675,387
X-26 Total liabilitiesStart of year $1,860,940$2,225,209
X-27 Net assets without donor restrictionsStart of year $135,574−$480,879
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $135,574−$480,879
X-33 Total liabilities and net assetsStart of year $1,996,514$1,744,330
Part XI · Reconciliation of net assets −$480,879 net assets at year end
XI-1 Total revenue$2,386,688
XI-2 Total expenses$3,003,141
XI-3 Revenue less expenses−$616,453
XI-4 Net assets at start of year$135,574
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$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$480,879

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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