Premier Prep Online Academy equips talent-driven students through high quality education and personal development and prepares them with a foundation for life-long learning to be productive, engaged citizens.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
$105K 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 2
filings with a surplus
Average surplus $368K a year · 17% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
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
Liabilities
$248K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 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
$1.6M
Spent
$1.3M
To programs
78%
Net assets
$176K
By yearFY2024–FY2025
Revenue
$1.6M
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$1.6M
FY2025$2.7M
Expenses
$1.3M
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$1.3M
FY2025$2.2M
Net assets
$176K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$176K
FY2025$617K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
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 Aug 2023.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $999K Management & general 22% · $283K

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; $105K 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
Director
$52,564Pt VII · Sec A
$52,564Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Erik Gray’s $114K as President is at the 41st 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 · 2 named individuals · Part VII

NameFY2025FY2024
Erik Gray$113,560$52,564
Sarah Williams$113,560$52,564

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides high-quality education and personal development for students, fostering lifelong learning and civic engagement.

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Provided by the organization

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1 program · $999K · in their own filed words · FY2023
01

Premier Prep Online Academy equips talent-driven students through high quality education and personal development and prepares them with a foundation for life-long learning to be productive, engaged citizens.

$999Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$21K
Money outPt IX
$1.3M
Ln 25
Programscol B$999K
Managementcol C$283K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$370K
Total assetsLn 16$424K
LiabilitiesLn 26$248K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.5M
Fees for servicesLn 2g$21K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$370K
SavingsLn 2$0
Cash and savings togetherLn 1–2$370K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$41K
Total assetsLn 16$424K
LiabilitiesLn 26$248K
Net assetsLn 32$176K
OperationsPt I, VI
EmployeesI 514
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$370K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$0$424K
LiabilitiesLn 26$0$248K
Net assetsLn 32$0$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$105K$105K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$385K$287K$98K
Pension plan contributionsLn 8$300$240$60
Other employee benefitsLn 9$72K$58K$14K
Payroll taxesLn 10$35K$28K$7K
Management feesLn 11a$38K$6K$33K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$298K$254K$45K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$20K$3K$17K
Information technologyLn 14$28K$28K
RoyaltiesLn 15$0
OccupancyLn 16$105K$89K$16K
TravelLn 17$28K$10K$18K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$21K$21K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$83$42$41
InsuranceLn 23$12K$10K$2K
Other expenses (24a–d)Ln 24$104K$77K$27K
All other expensesLn 24e$0
Total functional expensesLn 25$1.3M$999K$283K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.7M$2.2M$441K$617K 990 PDF
FY2024 Viewing $1.6M$1.3M$296K$176K 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 FY2024 990 (6 parts)
Part I · Summary $1,577,749 revenue, 12 lines filed
I-8 Contributions and grants$1,556,393
I-9 Program service revenue$21,356
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$1,577,749
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$597,874
I-16a Professional fundraising fees$0
I-17 Other expenses$683,730
I-18 Total expenses$1,281,604
I-19 Revenue less expenses$296,145
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 $1,577,749 across 10 lines filed
VIII-1e Government grants$1,549,993
VIII-1f All other contributions, gifts and grants$6,400
VIII-1h Total contributions, gifts and grants$1,556,393
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,356$21,356
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $21,356$1,577,749
Part IX · Statement of functional expenses $1,281,604 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $105,128$105,128
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $287,119 · Management $98,062$385,181
IX-8 Pension plan contributionsPrograms $240 · Management $60$300
IX-9 Other employee benefitsPrograms $57,587 · Management $14,397$71,984
IX-10 Payroll taxesPrograms $28,225 · Management $7,056$35,281
IX-11a Management feesPrograms $5,761 · Management $32,645$38,406
IX-11b Legal feesManagement $1,443$1,443
IX-11c Accounting feesManagement $5,164$5,164
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $253,507 · Management $44,737$298,244
IX-12 Advertising and promotionPrograms $23,316$23,316
IX-13 Office expensesPrograms $3,040 · Management $17,228$20,268
IX-14 Information technologyPrograms $28,398$28,398
IX-15 Royalties$0
IX-16 OccupancyPrograms $88,956 · Management $15,698$104,654
IX-17 TravelPrograms $9,739 · Management $18,088$27,827
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $20,692$20,692
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $42 · Management $41$83
IX-23 InsurancePrograms $9,874 · Management $1,742$11,616
IX-24 Other expenses (24a–d)Programs $77,085 · Management $26,534$103,619
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $998,709 · Management $282,895 · Fundraising $0$1,281,604
Part X · Balance sheet $423,995 assets, 20 lines filed
X-1 Cash, non-interest-bearing$370,253
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$5,151
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$7,917
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$40,674
X-16 Total assetsStart of year $0$423,995
X-17 Accounts payable and accrued expenses$167,840
X-25 Other liabilities$79,697
X-26 Total liabilitiesStart of year $0$247,537
X-27 Net assets without donor restrictions$165,272
X-28 Net assets with donor restrictions$11,186
X-32 Total net assets or fund balancesStart of year $0$176,458
X-33 Total liabilities and net assetsStart of year $0$423,995
Part XI · Reconciliation of net assets $176,458 net assets at year end
XI-1 Total revenue$1,577,749
XI-2 Total expenses$1,281,604
XI-3 Revenue less expenses$296,145
XI-9 Other changes in net assets−$119,687
XI-10 Net assets at end of year$176,458

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

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