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College Bound Academy Inc

Bright futures start in pre-K

Tulsa, OK   |  www.collegeboundschool.org

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GuideStar Charity Check

College Bound Academy Inc

EIN: 46-4317438


Mission

THROUGH RIGOROUS ACADEMICS, CHARACTER DEVELOPMENT, AND A JOYFUL, ACHIEVEMENT ORIENTED SCHOOL CULTURE, WE WILL EQUIP EVERY K-4 SCHOLAR WITH THE FREEDOM TO SUCCEED IN MIDDLE SCHOOL AND HIGH SCHOOL, GRADUATE FROM COLLEGE AND ACCESS THE PROFESSIONAL CAREER OF THEIR CHOICE.

Ruling year info

2017

CE0 and Superintendent

Andrea Warren

Main address

2525 S 101st East Ave

Tulsa, OK 74129 USA

Show more contact info

EIN

46-4317438

Subject area info

Elementary and secondary education

College preparation

Early childhood education

Charter school education

Population served info

Children

Economically disadvantaged people

NTEE code info

Charter Schools (B29)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

CBA - Eastside Campus

Our Eastside Campus serves grades pre-K through 4. As a public charter school, we serve a diverse population. The campus is located in an area with a large Hispanic/Latine population and has been dedicated to serving and supporting this community since its founding. Seventy-eight percent of the CBA Eastside campus identifies as Hispanic/Latine and around 70 percent are English Learners. CBA is a Title I school and approximately 90 percent of our students qualify for free or reduced meals. CBA is also recognized for the exceptional support it provides through Special Education and services for students with a variety of needs.

Population(s) Served
People of Latin American descent
People of African descent
Children
Economically disadvantaged people
Immigrants and migrants

Our new Brookside Campus serves grades pre-K through 8. As a public charter school, we serve a diverse population. The campus is located in an area with a vibrant Black community and a growing Hispanic/Latine population. This campus also serves many students living in East Tulsa and North Tulsa. Fourty-eight percent of the CBA Eastside campus identifies as Hispanic/Latine and around 34 percent are English Learners. Forty-one percent of the student body is black. CBA is a Title I school and approximately 90 percent of our students qualify for free or reduced meals. CBA is also recognized for the exceptional support it provides through Special Education and services for students with a variety of needs.

Population(s) Served
People of African descent
Children and youth
People of Latin American descent
Economically disadvantaged people
Immigrants and migrants

Where we work

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We share the feedback we received with the people we serve

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

College Bound Academy Inc
Fiscal year: Jul 01 - Jun 30
Financial documents
2022 College Bound Academy
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

9.81

Average of 4.77 over 7 years

Months of cash in 2022 info

SOURCE: IRS Form 990

5.9

Average of 5.6 over 7 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

23%

Average of 21% over 7 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

College Bound Academy Inc

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

College Bound Academy Inc

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

College Bound Academy Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of College Bound Academy Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $80,685 $70,446 $413,775 $626,924 $148,138
As % of expenses 3.6% 2.1% 11.4% 16.6% 3.5%
Unrestricted surplus (deficit) after depreciation $80,685 $70,446 $413,775 $626,924 $148,138
As % of expenses 3.6% 2.1% 11.4% 16.6% 3.5%
Revenue composition info
Total revenue (unrestricted & restricted) $2,350,179 $3,505,550 $4,053,542 $4,412,421 $4,430,718
Total revenue, % change over prior year 39.9% 49.2% 15.6% 8.9% 0.4%
Program services revenue 0.1% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.3% 0.2%
Government grants 87.6% 90.4% 92.4% 83.9% 89.6%
All other grants and contributions 11.4% 3.6% 2.7% 14.9% 4.9%
Other revenue 0.8% 6.0% 4.9% 0.9% 5.4%
Expense composition info
Total expenses before depreciation $2,269,494 $3,435,104 $3,639,767 $3,785,497 $4,282,580
Total expenses, % change over prior year 50.1% 51.4% 6.0% 4.0% 13.1%
Personnel 54.4% 60.8% 69.8% 77.8% 71.4%
Professional fees 5.2% 3.0% 3.9% 3.1% 4.2%
Occupancy 4.5% 5.2% 4.7% 8.0% 6.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 36.0% 31.1% 21.6% 11.1% 17.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $2,269,494 $3,435,104 $3,639,767 $3,785,497 $4,282,580
One month of savings $189,125 $286,259 $303,314 $315,458 $356,882
Debt principal payment $0 $0 $0 $477,400 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $2,458,619 $3,721,363 $3,943,081 $4,578,355 $4,639,462

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.9 3.7 5.6 6.9 5.9
Months of cash and investments 5.9 3.7 5.6 6.9 5.9
Months of estimated liquid unrestricted net assets 3.3 2.4 3.6 5.5 5.3
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $1,124,420 $1,048,746 $1,704,926 $2,171,381 $2,091,562
Investments $0 $0 $0 $0 $0
Receivables $0 $0 $0 $0 $0
Gross land, buildings, equipment (LBE) $0 $0 $0 $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0% 0.0% 0.0% 0.0%
Liabilities (as a % of assets) 44.9% 34.2% 35.3% 20.3% 10.2%
Unrestricted net assets $619,136 $689,582 $1,103,357 $1,730,281 $1,878,419
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $619,136 $689,582 $1,103,357 $1,730,281 $1,878,419

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CE0 and Superintendent

Andrea Warren

Number of employees

Source: IRS Form 990

College Bound Academy Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

College Bound Academy Inc

Board of directors
as of 05/01/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Andrew Whitter

Grand Bank

Christopher Gnaedig

Hall Estill

Elian Hurtado

Galera Business Consulting

Caleb Leggett

Oklahoma Wesleyan University

Chris Mahnken

Keyrenter Property Management

Julie Peters

ERC Pros

Samantha Powell

sixPR

Sarah Schemmer

Oklahoma Department of Human Services

Organizational demographics

SOURCE: Self-reported; last updated 5/1/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data