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Odyssey Preparatory Academy Inc

  • Buckeye, AZ
  • Tax-exempt since Sept. 2009
  • EIN: 26-2253742

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.
Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$35.2M (2023)

Expenses
$34.7M (2023)

Total Assets
$78.3M (2023)

Total Liabilities
$90.4M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,191,832
Expenses
$34,659,993
Net Income
$531,839
Net Assets
-$12,166,532
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,609,995
92.7%
Program Services $2,290,690
6.5%
Investment Income $249,567
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $41,580
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $474,970
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $15,045,577
43.4%
Assets/Debt
Total Assets $78,282,569
Total Liabilities $90,449,101
Net Assets -$12,166,532
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Holly Johnson (Co Exec Direct) $157,050 $0 $0
Megan Olson (President) $155,321 $0 $0
Neal Mc Donald (Director) $117,386 $0 $0
Kathryn Tracy (Director) $0 $0 $0
John Bauer (Director) $0 $0 $0
Jeff Caler (Director) $0 $0 $0
Kari Hurley (Director) $0 $0 $0
Shari Costa (Cfo) $0 $0 $0
+ View more people

Document Links

990
Filed on May 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,559,727
Expenses
$31,947,851
Net Income
$611,876
Net Assets
-$12,698,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,737,022
94.4%
Program Services $1,760,326
5.4%
Investment Income $26,694
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $35,685
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $427,342
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $14,085,128
44.1%
Assets/Debt
Total Assets $78,570,938
Total Liabilities $91,269,309
Net Assets -$12,698,371
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Holly Johnson (Co Exec Direct) $139,819 $0 $14,666
Megan Olson (Co Exec Direct) $138,519 $0 $20,889
Elaine Mc Cormack (Cfo) $22,711 $0 $558
Neal Mc Donald (Director) $17,388 $0 $2,001
Kathryn Tracy (Director) $0 $0 $0
John Bauer (Director) $0 $0 $0
Jeff Caler (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 27, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,243,391
Expenses
$28,723,141
Net Income
-$479,750
Net Assets
-$13,310,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,557,337
97.6%
Program Services $234,451
0.8%
Investment Income $23,675
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $427,928
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $264,075
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $13,053,818
45.4%
Assets/Debt
Total Assets $75,530,982
Total Liabilities $88,841,229
Net Assets -$13,310,247
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Holly Johnson (Director/Co Executive Director) $145,327 $0 $15,118
Megan Olson (Director/Co Executive Director) $144,015 $0 $20,205
Elaine Mc Cormack (Chief Fincial Officer) $113,476 $0 $8,597
Kathryn Tracy (Director) $0 $0 $0
John Bauer (Director) $0 $0 $0
Jeff Caler (Director) $0 $0 $0
Tracey Fry (Director) $0 $0 $0
Mary Daniels (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,617,035
Expenses
$27,189,926
Net Income
$1,427,109
Net Assets
-$12,830,497
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,312,381
95.4%
Program Services $1,162,854
4.1%
Investment Income $102,445
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $39,355
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $350,813
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $11,579,166
42.6%
Assets/Debt
Total Assets $79,432,111
Total Liabilities $92,262,608
Net Assets -$12,830,497
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Megan Olson (Pres./Co Dir) $127,750 $0 $15,176
Holly Johnson (Member/Co Di) $127,750 $0 $12,538
Kenneth Olson (Operations D) $100,789 $0 $6,028
Mary Daniels (Secretary/Pr) $95,313 $0 $11,497
John Bauer (Member) $0 $0 $0
Tracey Fry (Member) $0 $0 $0
Kathryn Tracey (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,337,888
Expenses
$26,318,134
Net Income
-$980,246
Net Assets
-$14,257,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $23,811,128
94.0%
Program Services $1,353,705
5.3%
Investment Income $89,079
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $83,976
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $315,740
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $11,030,071
41.9%
Assets/Debt
Total Assets $32,223,267
Total Liabilities $46,480,873
Net Assets -$14,257,606
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Megan Olson (Pres./Co Dir) $113,819 $0 $17,491
Holly Johnson (Member/Co Di) $113,819 $0 $14,383
Mary Daniels (Secretary/Pr) $88,102 $0 $11,472
Tracey Fry (Member) $0 $0 $0
Kathryn Tracey (Member) $0 $0 $0
John Bauer (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 20, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,903,630
Expenses
$29,862,197
Net Income
-$7,958,567
Net Assets
-$13,516,205
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,755,675
94.8%
Program Services $930,858
4.2%
Investment Income $46,440
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $170,657
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $324,822
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $9,443,732
31.6%
Assets/Debt
Total Assets $33,470,714
Total Liabilities $46,986,919
Net Assets -$13,516,205
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Megan Olson (Pres./Co Dir) $121,514 $0 $16,369
Holly Johnson (Member/Co Di) $121,280 $0 $14,309
Mary Daniels (Secretary/Pr) $82,028 $0 $12,006
Tracey Fry (Member) $0 $0 $0
Kathryn Tracey (Member) $0 $0 $0
John Bauer (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on April 1, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,064,386
Expenses
$22,527,967
Net Income
-$3,463,581
Net Assets
-$5,557,638
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,210,429
95.5%
Program Services $685,478
3.6%
Investment Income $171
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $168,308
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $319,717
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $9,368,215
41.6%
Assets/Debt
Total Assets $21,356,611
Total Liabilities $26,914,249
Net Assets -$5,557,638
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Holly Johnson (Member/Co Di) $117,496 $0 $13,337
Megan Olson (Pres./Co Dir) $98,973 $0 $20,276
Mary Daniels (Secretary/Pr) $93,938 $0 $10,993
Tracey Fry (Member) $9,310 $0 $2,117
Kathryn Tracey (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,958,354
Expenses
$19,864,903
Net Income
$93,451
Net Assets
-$2,094,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,762,109
94.0%
Program Services $763,825
3.8%
Investment Income $1,185
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $431,235
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $336,698
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $8,801,980
44.3%
Assets/Debt
Total Assets $22,230,205
Total Liabilities $24,324,262
Net Assets -$2,094,057
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Megan Olson (Pres./Co Dir) $137,221 $0 $0
Holly Johnson (Member/Co Dir.) $106,159 $0 $1,500
Mary Daniels (Sec./Principal) $87,097 $0 $0
Tracey Fry (Member) $6,221 $0 $0
Kathryn Tracey (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,155,186
Expenses
$18,118,321
Net Income
-$963,135
Net Assets
-$2,187,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,319,614
95.1%
Program Services $726,662
4.2%
Investment Income $1,052
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $107,858
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $296,058
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $7,513,137
41.5%
Assets/Debt
Total Assets $22,296,258
Total Liabilities $24,483,766
Net Assets -$2,187,508
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Holly Johnson (Member/Co Dir.) $114,376 $0 $15,000
Megan Olson (Pres./Co Dir) $102,727 $0 $15,000
Mary Daniels (Sec./Principal) $69,622 $0 $15,000
Tracey Fry (Member) $9,333 $0 $0
Kathryn Tracey (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 6, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,961,638
Expenses
$14,698,506
Net Income
$263,132
Net Assets
-$1,342,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,598,613
10.7%
Program Services $12,578,542
84.1%
Investment Income $228
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $77,267
0.5%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $706,988
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $244,997
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $6,202,185
42.2%
Assets/Debt
Total Assets $24,561,255
Total Liabilities $25,903,518
Net Assets -$1,342,263
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Megan Olson (President/Co Principal) $90,300 $0 $0
Holly Johnson (Co Principal) $88,653 $0 $0
Mary Yankee (Secretary/Dir Curriculum) $66,044 $0 $0
Tracey Fry (Member) $0 $0 $0
Kathryn Tracey (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,433,539
Expenses
$11,714,597
Net Income
-$281,058
Net Assets
-$1,605,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,172,269
10.3%
Program Services $9,936,138
86.9%
Investment Income $423
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $324,709
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $244,997
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,179,873
44.2%
Assets/Debt
Total Assets $9,797,778
Total Liabilities $11,403,173
Net Assets -$1,605,395

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,523,468
Expenses
$9,150,080
Net Income
-$626,612
Net Assets
-$1,324,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $777,874
9.1%
Program Services $7,290,555
85.5%
Investment Income $18,685
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $263,438
3.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $172,916
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $241,097
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,142,167
45.3%
Assets/Debt
Total Assets $9,403,258
Total Liabilities $10,727,595
Net Assets -$1,324,337

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,657,450
Expenses
$5,360,438
Net Income
-$702,988
Net Assets
-$697,725
Notable Sources of Revenue Percent of Total Revenue
Contributions $738,408
15.9%
Program Services $3,663,360
78.7%
Investment Income $180
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $169,406
3.6%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $86,096
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $214,500
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,376,627
44.3%
Assets/Debt
Total Assets $7,707,368
Total Liabilities $8,405,093
Net Assets -$697,725

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated