Nonprofit · EIN 47-3661203
POWER AND GRACE PREPARATORY ACADEMY INC
Tax-exempt · CLARKSVILLE, TN 37040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $745,170 | $789,070 | -$43,900 | $1,732,991 | $1,378,078 | $354,913 |
| December 31, 2023 | 990 | $928,295 | $927,042 | $1,253 | $992,924 | $932,566 | $60,358 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $745,170
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $522,309
- Salaries, compensation and benefits (total)
- $554,604
- Professional fundraising fees
- $0
- Accounting fees
- $18,685
- Travel
- $875
- Depreciation
- $32,020
- Program services (functional)
- $789,070
Balance sheet and other
- Total assets, start of year
- $992,924
- Total assets, end of year
- $1,732,991
- Total liabilities, end of year
- $1,378,078
- Net assets, end of year
- $354,913
- Land, buildings and equipment
- $1,586,352
- Gross receipts
- $745,170
- Employees
- 35
- Volunteers
- 10
- Year formed
- 2015
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katobwa Stallworth | Board Member Trustee or director, Officer, Key employee, Highest-paid employee | 65 | $38,202 |
| Gregory Stallworth | Chair Trustee or director | 1 | $1,170 |
| Mary Ann Lander | Board Member Trustee or director | 1 | $0 |
| Carol Pettway | Board Member Trustee or director | 1 | $0 |
| Chester Crump | Board Member Trustee or director | 1 | $0 |
| Mike Carrington | Board Member Trustee or director | 1 | $0 |
| Shalonda Slater | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katobwa Stallworth | Board Member Trustee or director, Officer, Key employee, Highest-paid employee | 65 | $40,760 |
| Gregory Stallworth | Chair Trustee or director | 1 | $0 |
| Mary Ann Lander | Board Member Trustee or director | 1 | $0 |
| Carol Pettway | Board Member Trustee or director | 1 | $0 |
| Chester Crump | Board Member Trustee or director | 1 | $0 |
| Mike Carrington | Board Member Trustee or director | 1 | $0 |
| Shalonda Slater | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 337 PETERSON LN, CLARKSVILLE, TN 37040-6721
- Mailing address (990-N for 2016)
- 2821 BROTHERS ROAD, CLARKSVILLE TN 37043
- Principal officer (990 for 2024)
- Katobwa Stallworth, 337 Peterson Lane, Clarksville, TN 37040
- Principal officer (990-N for 2016)
- GREGORY P STALLWORTH, 2621 BROTHERS ROAD, CLARKSVILLE TN 37043
- Signed the 990
- Katobwa Stallworth, President
- Phone
- (931) 980-2752
- Website
- www.powerandgraceacademy.org
- Return prepared by
- Encompass Financial Services Inc
Mission
To provide educational services to elementary school students in such a way that each student will grow intellectually and maximize their attributes of power and grace through the intentional Christian educational instruction, leadership, and doctrine.
Program accomplishments
- To provide educational services to elementary school students in such a way such a way that each student will grow intellectually and maximize their attributes of Power and Grace through intentional Christian educational instruction, leadership, and doctrine.Expenses $789,070 · revenue $745,170
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3661203
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $2,275,622
- Income (IRS master file)
- $818,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $745,170 | $789,070 | $1,732,991 | XML |
| 990 | December 2023 | $928,295 | $927,042 | $992,924 | XML |
| 990 | December 2022 | $809,356 | $731,854 | $1,006,847 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2016 Officer: GREGORY P STALLWORTH | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3661203).
Questions about POWER AND GRACE PREPARATORY ACADEMY INC
- What is the EIN of POWER AND GRACE PREPARATORY ACADEMY INC?
- The employer identification number (EIN) of POWER AND GRACE PREPARATORY ACADEMY INC is 47-3661203.
- Is POWER AND GRACE PREPARATORY ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to POWER AND GRACE PREPARATORY ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POWER AND GRACE PREPARATORY ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POWER AND GRACE PREPARATORY ACADEMY INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWER AND GRACE PREPARATORY ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POWER AND GRACE PREPARATORY ACADEMY INC?
- The 990 for the year ended December 31, 2024 names Katobwa Stallworth.
- Who are the officers and directors of POWER AND GRACE PREPARATORY ACADEMY INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 2 received compensation from the organization, the highest $38,202 (Katobwa Stallworth, Board Member).
- How much revenue does POWER AND GRACE PREPARATORY ACADEMY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $745,170, expenses of $789,070 and total assets of $1,732,991 at year end.
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