Power and Grace Preparatory Academy Inc.
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
| 2020-2021 Budget | 2021 |
| 19-20 Budget | 2020 |
| Power and Grace Preparatory Academy 2017-2018 Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Total Revenue | $357,395.00 | $246,606.00 | |
| Total Expenses | $338,159.00 | $239,641.00 | |
| Revenue Less Expenses | ($-0.00) | $19,236.00 | $6,965.00 |
Revenue Sources
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $10,000.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $6,881.00 | $21,708.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $344,044.00 | $205,899.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $6,470.00 | $8,999.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Program Expense | $316,986.00 | $226,651.00 | |
| Administration Expense | $21,173.00 | $12,990.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 106% | 103% | |
| Program Expense/Total Expenses | 94% | 95% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $344,044.00 | Program Revenue $205,899.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts and Grants $6,881.00 | Contributions, Gifts and Grants $21,708.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $6,470.00 | Foundations and Corporations $10,000.00 |
Assets and Liabilities
| Fiscal Year | 2020 | 2019 | 2018 |
|---|---|---|---|
| Total Assets | $36,670.00 | $59,807.00 | |
| Current Assets | $22,018.00 | $48,824.00 | |
| Long-Term Liabilities | $19,906.00 | $24,224.00 | |
| Current Liabilities | $48,410.00 | $22,845.00 | |
| Total Net Assets | $-31,646.00 | $12,738.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2021
Form 990s
| 990 | 2019 |
| 990 | 2018 |
| 2017 990 | 2017 |
| 2016 990N | 2016 |
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared by Stone, Rudolph & Henry, PLC. Comments provided by Kathryn Bennett 10/2/2020. |
