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Nonprofit · EIN 81-3075864

OWASSO PREPARATORY ACADEMY INCORPORATED

Tax-exempt · OWASSO, OK 74055

Financials

$1.3M$1.4M2023$2.5M$2.3M2024
Revenue Expenses · by fiscal year end
Financials of OWASSO PREPARATORY ACADEMY INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,539,090$2,336,894$202,196$1,679,196$1,102,307$576,889
June 30, 2024990$1,345,022$1,393,258-$48,236$1,271,091$897,027$374,064
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$101,800
Program service revenue
$2,413,810
Investment income
$23,480
Net gain from sales of assets
$13,000
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,607,925
Salaries, compensation and benefits (total)
$1,773,338
Professional fundraising fees
$7,158
Occupancy
$59,685
Travel
$3,512
Depreciation
$39,226
Program services (functional)
$2,297,721
Management and general (functional)
$32,015
Fundraising (functional)
$7,158

Balance sheet and other

Total assets, start of year
$1,271,091
Total assets, end of year
$1,679,196
Total liabilities, end of year
$1,102,307
Net assets, end of year
$576,889
Land, buildings and equipment
$89,880
Net assets without donor restrictions
$424,344
Net assets with donor restrictions
$152,545
Gross unrelated business income
$10,480
Gross receipts
$2,539,090
Employees
88
Volunteers
200
Year formed
2016
State of legal domicile
OK

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
CHAD CLASSENPRESIDENT
Trustee or director, Officer
1$0
JAKE CRAWFORDTREASURER
Trustee or director, Officer
1$0
SOMMER PARSCHAUERSECRETARY
Trustee or director, Officer
1$0
KATIE BASKINSVICE PRESIDENT
Trustee or director, Officer
2$0
LANCE GWARTNEYBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
TIFFANY RINASBOARD OFFICER
Trustee or director, Officer, Key employee, Highest-paid employee
40$32,815
Chad ClassenBoard President and Chairman
Trustee or director, Officer
5$0
Jake CrawfordBoard Treasurer
Trustee or director, Officer
5$0
Sommer ParschauerBoard Officer
Trustee or director, Officer
5$0
KATIE BASKINSBoard Vice President
Officer
5$0

Address and contacts

Address (IRS master file)
PO BOX 142, OWASSO, OK 74055-4082
In care of
% TIFFANY RINAS
Principal officer (990 for 2024)
Tiffany Rinas, PO BOX 142, OWASSO, OK 74055
Signed the 990
Tiffany Rinas, Director
Phone
(918) 378-0344
Return prepared by
Luca Financial

Mission

OWASSO PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN SCHOOL IN THE HYBRID MODEL. THE CORPORATION'S MISSION IS TO PARTNER WITH PARENTS TO PREPARE STUDENTS FOR HIGHER EDUCATION THROUGH EXCEPTIONAL ACADEMICS, QUALITY EXTRA-CURRICULAR ACTIVITIES, AND PURPOSEFUL

990 for the year ended June 30, 2025

Program accomplishments

  • OWASSO PREPARATORY ACADEMY PROVIDES EDUCATION AND TRAINING IN LANGUAGE, ARTS, MATHEMATICS, SCIENCE, HISTORY, PHYSICAL EDUCATION, AND VARIOUS EXTRACURRICULAR CLASSES. EXTRACURRICULAR CLASSES OFFERED IN THE 2022-2023 ACADEMIC YEAR INCLUDED SPANISH, ART, MUSIC, AND DRAMA. THE ACADEMY HAD 307 STUDENTS ENROLLED IN THE 2022-2023 SCHOOL YEAR, 225 STUDENTS ENROLLED IN THE 2020-2021 SCHOOL YEAR, 178 STUDENTS ENROLLED IN THE 2019-2020 SCHOOL YEAR,140 STUDENTS ENROLLED IN THE 2018-2019 SCHOOL YEAR AND 86 STUDENTS ENROLLED IN THE 2017-2018 SCHOOL YEAR.
    Expenses $2,054,385 · revenue $2,431,840
  • OWASSO PREPARATORY ACADEMY OFFERS SEVERAL PROGRAMS FOR STUDENTS TO PARTICIPATE OUTSIDE THE CLASSROM TO EXTEND THEIR LIFE SKILLS. EXTRACURRICULAR PROGRAMS SUCH AS ATHLETICS, CLUBS AND OTHER ORGANIZATIONS.
    Expenses $137,302 · revenue $48,149
  • Other Program Expenses
    Expenses $106,034

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, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
81-3075864
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
2017
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$1,679,196
Income (IRS master file)
$2,539,090

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,539,090$2,336,894$1,679,196XML
990June 2024$1,345,022$1,393,258$1,271,091XML
990June 2023$1,167,962$1,116,457$841,028IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS
990-EZJune 2017–––IRS

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 81-3075864).

Questions about OWASSO PREPARATORY ACADEMY INCORPORATED

What is the EIN of OWASSO PREPARATORY ACADEMY INCORPORATED?
The employer identification number (EIN) of OWASSO PREPARATORY ACADEMY INCORPORATED is 81-3075864.
Is OWASSO PREPARATORY ACADEMY INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to OWASSO PREPARATORY ACADEMY INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OWASSO PREPARATORY ACADEMY INCORPORATED 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 OWASSO PREPARATORY ACADEMY INCORPORATED 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 OWASSO PREPARATORY ACADEMY INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of OWASSO PREPARATORY ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 names Tiffany Rinas.
Who are the officers and directors of OWASSO PREPARATORY ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does OWASSO PREPARATORY ACADEMY INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,539,090, expenses of $2,336,894 and total assets of $1,679,196 at year end.

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