2024-05-14T16:57:29-04:00 2023-06-30 751486711 PSK LLP 3001 MEDLIN DR STE 100 ARLINGTON TX 76015 990 2022-07-01 752484732 GPA MINISTRIES INC GPAM 8175573399 PO BOX 170958 ARLINGTON TX 760030958 CASEY BOYD DIRECTOR OF FINANCE 8175573399 2024-05-08 true CASEY BOYD XXX-XX-XXXX false KATHY HOWLETT P00943345 8176643000 2024-05-14 2022 2023-04-26 12:10:37Z DAVID COOK PO BOX 170958 ARLINGTON TX 76003 6365714 false X WWW.GRACEPREP.ORG X 1992 TX GRACE PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN UNIVERSITY-MODEL SCHOOL PROVIDING A K5-12TH GRADE COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 300 TO 400 STUDENTS. 9 9 114 75100 1482 965371 1622333 4601234 4687764 17 59 956 2871 5567578 6313027 0 0 2786338 3088705 0 241940 2290758 2626641 5077096 5715346 490482 597681 8162043 8687260 5752247 5679783 2409796 3007477 X GRACE PREPARATORY ACADEMY PARTNERS WITH PARENTS TO PROVIDE A FAMILY- CENTRIC, CHRIST-CENTERED, COLLEGE PREPARATORY EDUCATION WHERE STUDENTS ARE ALLOWED TO FURTHER DEVELOP THEIR GOD-GIVEN TALENTS AND VIRTUES AND BECOME COLLEGE-WORTHY CHARACTER WITNESSES FOR CHRIST. false false 4389357 GPA IS AN EDUCATIONAL SERVICE PROVIDER THAT SERVES OVER 450 STUDENTS; ENCOMPASSING OVER 300 FAMILIES. THE SCHOOL EMPLOYS APPROXIMATELY 100 INDIVIDUALS TO ACCOMPLISH THIS ONE PROGRAM SERVICE. THE SCHOOL HAS STUDENTS ON CAMPUS 170 DAYS OUT OF THE YEAR. 4389357 true true false false false false false false false false true false false false true true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 36 0 false 114 true true true false false false false false false false X 9 9 false false false false true false false true true false false true true false false true true true true false X CASEY BOYD 8175573399 PO BOX 170958 ARLINGTON TX 760030958 X SUSAN CROSIER HEAD OF SCHO 40.00 X 143945 0 0 DELARIO BOLTON TREASURER 1.00 X X 0 0 0 CASEY BOYD DIRECTOR OF X 0 0 0 DAVID COOK BOARD CHAIR 1.00 X X 0 0 0 WILL EUBANKS BOARD MEMBER 1.00 X 0 0 0 ROBERT FRANKLIN BOARD MEMBER 1.00 X 0 0 0 DONNA MACKENZIE BOARD MEMBER 1.00 X 0 0 0 CASSIDY MOORE BOARD MEMBER 1.00 X 0 0 0 STEPHANIE SWENSON SECRETARY 1.00 X X 0 0 0 COURTNEY WALKER BOARD MEMBER 1.00 X 0 0 0 JAYME YATES BOARD MEMBER 1.00 X X 0 0 0 143945 1 false false false 1310871 311462 1622333 TUITION & FEES 4687764 4687764 4687764 59 59 54169 52687 1482 1482 1482 FINANCE FEE REVENUE 1389 1389 1389 6313027 4689153 1482 59 2808533 2415338 252768 140427 70284 60443 6326 3515 209888 180504 18890 10494 38624 38624 194536 64267 126069 4200 3493 3004 314 175 147855 95781 49435 2639 319183 168210 143668 7305 153472 79176 73810 486 156797 133193 15174 8430 327297 278026 31674 17597 103572 88277 9833 5462 ERC STUDY EXPENSES 317008 272627 28531 15850 SUPPLIES 176642 103650 71471 1521 SAFETY EXPENSE 126021 73947 50989 1085 MEMBERSHIPS & SUBSCRIPTIO 86509 34137 43301 9071 475632 338777 123172 13683 5715346 4389357 1084049 241940 958554 1433934 48259 51126 50552 118138 9677186 2806623 7104678 6870563 213499 8162043 8687260 62637 7286 1028275 944556 4661335 4727941 5752247 5679783 X 2382487 2977957 27309 29520 2409796 3007477 8162043 8687260 X 597681 X true X true X true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42115 42115 8172697 1797588 6375109 1400173 985144 415029 62201 23891 38310 6870563 ANB LOAN 4403 - 1ST MORTG 3074335 ANB LOAN 4428 - 2ND MORTG 1427547 OPERATING LEASE LIABILITY 213499 CREDIT CARDS PAYABLE 22441 PAYROLL TAXES PAYABLE 11753 LOAN ORIGINATION FEES -21634 4727941 X 6365714 52687 52687 6313027 6313027 5768033 52687 52687 5715346 5715346 SCHEDULE D, PAGE 3, PART X THE SCHOOL FOLLOWS THE INCOME TAXES TOPIC OF THE FASB ASC, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. THE SCHOOL IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS AND IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OTHER THAN RENTAL INCOME FROM LEASED FACILITIES. AS OF JUNE 30, 2023, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND DOES NOT EXPECT THIS TO CHANGE IN THE NEXT TWELVE MONTHS. THE SCHOOL FILES A FORM 990 INFORMATIONAL TAX RETURN ON AN ANNUAL BASIS. TAX YEARS 2020 AND BEYOND REMAIN OPEN TO IRS EXAMINATION. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL REVENUE 52,687 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 52,687 true true true true true true true false false false false false false false false false false true SCHEDULE E, LINE 3 PUBLISHED THE REQUIRED NOTICE USING ITS INTERNET WEBSITE FORM 990 - ORGANIZATION'S MISSION GRACE PREPARATORY ACADEMY PARTNERS WITH PARENTS TO PROVIDE A FAMILY- CENTRIC, CHRIST-CENTERED, COLLEGE PREPARATORY EDUCATION WHERE STUDENTS ARE ALLOWED TO FURTHER DEVELOP THEIR GOD-GIVEN TALENTS AND VIRTUES AND BECOME COLLEGE-WORTHY CHARACTER WITNESSES FOR CHRIST. FORM 990, PAGE 1, PART I, LINE 6 THE SCHOOL RELIES ON 75-100 VOLUNTEERS TO SUPPORT THE FACULTY AND STAFF IN ANCILLARY EDUCATIONAL RESPONSIBILITIES FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICERS AND BOARD FINANCE SUB- COMMITTEE FORM 990, PAGE 6, PART VI, LINE 15A THE PERSONNEL COMMITTEE OF THE BOARD HANDLES THE HEAD OF SCHOOL EVALUATION AND COMPENSATION DECISIONS. FORM 990, PAGE 6, PART VI, LINE 15B BOARD OF DIRECTORS HEAD MASTER FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATMEENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL REVENUE 52,687 RENTAL EXPENSES -52,687 NONCASH ADJ TO TUITION REVENUE 0