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Nonprofit · EIN 92-2403652

ERIE PREPARATORY ACADEMY

Tax-exempt · ERIE, PA 16509

Financials

$615K$648K2023
Revenue Expenses · by fiscal year end
Financials of ERIE PREPARATORY ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$614,738$648,499-$33,761$52,757$86,518-$33,761
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$614,731
Investment income
$0
Other revenue
$7

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$33,886
Other salaries and wages
$153,191
Salaries, compensation and benefits (total)
$207,904
Professional fundraising fees
$0
Legal fees
$3,985
Accounting fees
$1,367
Occupancy
$167,079
Travel
$1,517
Depreciation
$1,653
Program services (functional)
$589,743
Management and general (functional)
$58,756

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$52,757
Total liabilities, end of year
$86,518
Net assets, end of year
-$33,761
Land, buildings and equipment
$6,612
Net assets without donor restrictions
-$33,761
Gross receipts
$614,738
Employees
10
Year formed
2022
State of legal domicile
PA

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 June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
STEPHEN RHOADESDirector
Trustee or director
40$16,540
CASSONDRA ENTERLINEVice President
Officer
40$13,308
PHILLIP GERNOVICHPresident
Officer
40$4,038
DON MOSHERDirector
Trustee or director
0$0
LIANG LIANGDirector
Trustee or director
0$0
MARTIN WANGDirector
Trustee or director
0$0
SHARON HESSDirector
Trustee or director
0$0
TROY JAGGIDirector
Trustee or director
0$0
HONG STANTONTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
8155 OLIVER ROAD, ERIE, PA 16509-4683
Principal officer (990 for 2023)
PHILLIP GERNOVICH, 11103 ROUTE 19N, WATERFORD, PA 16441
Signed the 990
PHILLIP GERNOVICH, President
Phone
(814) 490-9012
Return prepared by
Wilder & Company LTD PC CPAs

Mission

Erie Preparatory Academy, which is organized exclusively for charitable and educational purposes, is committed to providing academic excellence, character development and community leadership through its programs by providing a structured, college-preparatory education designed to equip students with the knowledge, discipline and values necessary for lifelong success. The Academy uses a holistic approach integrating rigorous academics with extracurricular enrichment, personal mentorship and service learning.

990 for the year ended June 30, 2024

Program accomplishments

  • PROVIDING HIGH QUALITY ACADEMIC AND SPIRITUAL EDUCATION IN A MULTI-CULTURAL ENVIRONMENT COMPRISED OF 30-40% INTERNATIONAL STUDENTS. DURING THIS FISCAL YEAR, THIRTY PERCENT OF OUR STUDENTS RECEIVED ASSISTANCE THROUGH NEED BASED TUITION DISCOUNTS. 100% OF OUR GRADUATING CLASS WENT ON TO ATTEND COLLEGE.
    Expenses $589,743 · revenue $614,731

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
92-2403652
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
2025
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B25)
Assets (IRS master file)
$52,757
Income (IRS master file)
$614,738

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$614,738$648,499$52,757IRS

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 92-2403652).

Questions about ERIE PREPARATORY ACADEMY

What is the EIN of ERIE PREPARATORY ACADEMY?
The employer identification number (EIN) of ERIE PREPARATORY ACADEMY is 92-2403652.
Is ERIE PREPARATORY ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to ERIE PREPARATORY ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ERIE PREPARATORY ACADEMY 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 ERIE PREPARATORY ACADEMY due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ERIE PREPARATORY ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of ERIE PREPARATORY ACADEMY?
The 990 for the year ended June 30, 2024 names PHILLIP GERNOVICH.
Who are the officers and directors of ERIE PREPARATORY ACADEMY?
The 990 for the year ended June 30, 2024 lists 9 people; 3 received compensation from the organization, the highest $16,540 (STEPHEN RHOADES, Director).
How much revenue does ERIE PREPARATORY ACADEMY have?
On its 990 for the year ended June 30, 2024 it reported revenue of $614,738, expenses of $648,499 and total assets of $52,757 at year end.

Other nonprofits in ERIE

All nonprofits in ERIE · Pennsylvania · Education