PROPUBLICA Expose Corruption. Defend Truth. Support Investigative Journalism.
DONATE
Skip to content
ProPublica Donate
ProPublica Donate

Panacea Prep Charter School Inc

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 / Primary, Elementary Schools (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.

Summary charts: organization finances over time

Revenue
$921k (2023)

Expenses
$960k (2023)

Total Assets
$182k (2023)

Total Liabilities
$182k (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings 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.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$920,638
Expenses
$959,710
Net Income
-$39,072
Net Assets
$292
Notable Sources of Revenue Percent of Total Revenue
Contributions $908,454
98.7%
Program Services $12,184
1.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $452,508
47.2%
Assets/Debt
Total Assets $181,870
Total Liabilities $181,578
Net Assets $292
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cassamdra Burrows (Secretary) $0 $0 $0
Bruce Johnson (Treasurer) $0 $0 $0
George Simpson (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$746,707
Expenses
$940,937
Net Income
-$194,230
Net Assets
$44,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $730,350
97.8%
Program Services $16,357
2.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $458,240
48.7%
Assets/Debt
Total Assets $221,242
Total Liabilities $176,458
Net Assets $44,784
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cassamdra Burrows (Secretary) $0 $0 $0
Bruce Johnson (Treasurer) $0 $0 $0
George Simpson (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,031,990
Expenses
$1,028,820
Net Income
$3,170
Net Assets
$238,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $993,581
96.3%
Program Services $38,406
3.7%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $446,872
43.4%
Assets/Debt
Total Assets $273,951
Total Liabilities $35,634
Net Assets $238,317
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Cassamdra Burrows (Secretary) $0 $0 $0
Bruce Johnson (Treasurer) $0 $0 $0
George Simpson (Board Chair) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,089,333
Expenses
$1,084,555
Net Income
$4,778
Net Assets
$226,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,002,348
92.0%
Program Services $86,957
8.0%
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $517,016
47.7%
Assets/Debt
Total Assets $252,610
Total Liabilities $26,297
Net Assets $226,313
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Natasha Bell (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,135,383
Expenses
$1,161,094
Net Income
-$25,711
Net Assets
$224,927
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,116,221
98.3%
Program Services $19,140
1.7%
Investment Income $22
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $447,256
38.5%
Assets/Debt
Total Assets $278,309
Total Liabilities $53,382
Net Assets $224,927
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Natasha Bell (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,295,099
Expenses
$1,164,998
Net Income
$130,101
Net Assets
$244,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,271,328
98.2%
Program Services $23,771
1.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $519,664
44.6%
Assets/Debt
Total Assets $310,190
Total Liabilities $65,961
Net Assets $244,229
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Natasha Bell (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,082,666
Expenses
$1,117,720
Net Income
-$35,054
Net Assets
$130,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,058,674
97.8%
Program Services $23,989
2.2%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $484,150
43.3%
Assets/Debt
Total Assets $143,597
Total Liabilities $13,475
Net Assets $130,122
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Natasha Bell (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,274,557
Expenses
$1,211,842
Net Income
$62,715
Net Assets
$161,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,226,486
96.2%
Program Services $48,071
3.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $406,418
33.5%
Assets/Debt
Total Assets $184,211
Total Liabilities $22,885
Net Assets $161,326
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Natasha Bell (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,148,715
Expenses
$1,053,152
Net Income
$95,563
Net Assets
$95,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,111,688
96.8%
Program Services $37,027
3.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $406,655
38.6%
Assets/Debt
Total Assets $146,016
Total Liabilities $50,658
Net Assets $95,358
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Stacey Mahoney (Board Chair) $0 $0 $0
Nickitra Jones (Secretary) $0 $0 $0
George Simpson (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$25,000
Expenses
$22,216
Net Income
$2,784
Net Assets
$2,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,000
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $4,309
Total Liabilities $1,525
Net Assets $2,784

Document Links

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 »