2025-06-27T11:31:08-05:00 2024-06-30 260793942 MARTIN SMITH & COMPANY CPAS PA 1212 HAYWOOD ROAD BLDG 100 GREENVILLE SC 296152200 990 2023-07-01 825507704 BELTON PREPARATORY ACADEMY INC BELT 8643921173 200 KNIGHTS COURT BELTON SC 29627 RACHEL SIBILIO TREASURER 8643921173 2025-06-25 1 0 JASON P SMITH P02490064 8642321040 2023 2025-03-06 01:10:19Z ANGIE KING 200 KNIGHTS COURT BELTON SC 29627 3234117 0 X WWW.BELTONPREP.US X 2017 SC BELTON PREPARATORY ACADEMY IS A TUITION-FREE CLASSICAL EDUCATION CHARTER SCHOOL WHOSE MISSION IS TO PREPARE ITS STUDENTS TO COMPETE WITH INTEGRITY AT THE HIGHEST LEVELS OF ACADEMICS. 7 7 23 0 0 0 2639988 3143295 19398 90822 0 0 0 0 2659386 3234117 0 0 0 0 1345977 1892910 0 0 0 1224484 1594228 2570461 3487138 88925 -253021 1094586 888143 751812 798390 342774 89753 THE MISSION OF BELTON PREPARATORY ACADEMY IS TO PREPARE ITS STUDENTS TO COMPETE WITH INTEGRITY AT THE HIGHEST LEVELS OF ACADEMICS. 0 0 2818062 90822 BELTON PREPARATORY ACADEMY IS AN AWARD-WINNING TUITION-FREE CHARTER SCHOOL SERVING K5-7TH GRADE STUDENTS IN THE BELTON, SC, AREA. WE OFFER AN ACADEMICALLY RIGOROUS CLASSICAL EDUCATION CURRICULUM AND CHARACTER-BUILDING ACTIVITIES THAT INSPIRE ALL LEARNERS. STUDENTS ARE SUPPORTED BY A CLOSE-KNIT COMMUNITY OF CARING TEACHERS AND STAFF AND ENGAGED FAMILIES. THE ACADEMY SERVED APPROXIMATELY 290 STUDENTS DURING FY24. 2818062 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 8 0 23 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 8643921173 200 KNIGHTS COURT BELTON SC 29627 ANGIE KING CHAIR 1.50 X X 0 0 0 CANDACE WHITFIELD VICE CHAIR 1.50 X X 0 0 0 RACHEL SIBILIO TREASURER 1.50 X X 0 0 0 AMANDA MOSS SECRETARY 1.50 X X 0 0 0 RYAN BUTLER DIRECTOR 1.50 X 0 0 0 BLAKE COOPER DIRECTOR 1.50 X 0 0 0 ZACH MACINNIS DIRECTOR 1.50 X 0 0 0 0 0 0 0 0 0 0 REASON AND REPUBLIC 1650 E GREENVILLE ST STE H ANDERSON SC 29621 MANAGEMENT 171083 1 3143295 3143295 OTHER REVENUE 611710 90817 90817 PUPIL ACTIVITY 611710 5 5 90822 3234117 90822 0 0 1525323 1323569 201754 243263 184881 58382 124324 108280 16044 172923 172923 68258 68258 51809 51809 130681 130681 36219 36219 728225 728225 3055 2529 526 2560 2560 15018 15018 SMALL EQUIPMENT 252064 252064 DISTRICT FEE 61999 61999 STUDENT SUPPLIES & TEXT 46144 46144 MISCELLANEOUS 19803 19803 5470 5470 3487138 2818062 669076 0 257585 404702 109552 8051 19167 19172 849224 393006 595003 456218 113279 0 1094586 888143 221479 370647 5123 19973 407770 407770 117440 0 751812 798390 X 0 0 0 0 342774 89753 342774 89753 1094586 888143 -253021 0 X 0 1 X 0 0 X 749674 308927 440747 99550 84079 15471 456218 X 3234117 0 3234117 0 3234117 3487138 0 3487138 0 3487138 PART X, LINE 2: THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS LISTED ON ALL PRINTED REGISTRATION FORMS AS WELL AS ITS SCHOOL HOMEPAGE. SCHEDULE E, PART I, LINE 4 THE SCHOOL DOES NOT OFFER SCHOLARSHIPS SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES A SIGNIFICANT AMOUNT OF FEDERAL AND STATE REVENUE REASON & REPUBLIC LLC 35% CONTROLLED LEASEHOLD IMPROVEMENTS X 541349 407770 0 1 1 407770 REASON & REPUBLIC LLC SEE BELOW 171083 MANAGEMENT FEES 1 SCHEDULE L, PART V A FORMER DIRECTOR OF BELTON PREPARATORY ACADEMY, JAMES GALYEAN, HAS MORE THAN 35% OWNERSHIP INDIRECTLY OF REASON AND REPUBLIC LLC. THE ACADEMY ALSO HAS A NOTE PAYABLE TO REASON AND REPUBLIC LLC. THIS LOAN IS AT MARKET RATE AND WAS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 FOR JULY-NOVEMBER 2024, THE SCHOOL'S MANAGEMENT FUNCTION WAS OUTSOURCED TO REASON AND REPUBLIC LLC, AN EDUCATION MANAGEMENT ORGANIZATION. REASON AND REPUBLIC LLC WAS CONTRACTED TO PROVIDE OPERATIONS, MARKETING, HUMAN RESOURCES, FINANCE, AND TECHNOLOGY SUPPORT. THE PRINCIPAL OF BELTON PREPARATORY ACADEMY, DEIRDRE MCCULLOUGH, WAS CONSIDERED AN EMPLOYEE OF REASON AND REPUBLIC LLC AND HAD REPORTABLE COMPENSATION DURING THE YEAR OF $110,000. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ATTEND TRAINING PROVIDED BY THE SOUTH CAROLINA DEPARTMENT OF EDUCATION TO MAKE THEM AWARE OF THE RULES THEY MUST ADHERE TO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 - GENERAL INFORMATION BELTON PREPARATORY ACADEMY UTILIZED A MANAGEMENT COMPANY TO MANAGE SCHOOL OPERATIONS FOR JULY THROUGH NOVEMBER 2024. THE MANAGEMENT COMPANY HELD A SIGNIFICANT AMOUNT OF THE FINANCIAL RECORDS OF THE SCHOOL. AT THE TIME OF FILING, THE MANAGEMENT COMPANY HAS NOT PROVIDED THE SCHOOL WITH ALL OF ITS BOOKS AND RECORDS. FOR THIS REASON, THERE ARE ITEMS REQUESTED ON FORM 990 THAT COULD NOT BE PROVIDED DUE TO LACK OF AVAILABLE RECORDS. THE LEVEL OF DETAIL REPORTED IN PART IX WAS LIMITED AS THE SCHOOL DID NOT HAVE ACCESS TO MORE DETAILED RECORDS SO IT RELIED ON THE MORE SUMMARIZED REPORTING AVAILABLE IN THE AUDITED FINANCIAL STATEMENTS. THE RETURN IS BEING FILED WITH THE MOST ACCURATE INFORMATION AVAILABLE AT THE TIME OF FILING.