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Global Preparatory Academy, Inc.
Emphasis of Matter / Note 4 — Related Party In-Kind Contributions
……
In-kind contributions and offsetting expenses from IPS — $2,923,073$2,923,073
……
Auditor emphasis: in-kind occupancy, transportation, security and professional services recorded as revenue and offsetting expense; ~21% of total expenses. Non-cash; removed from the Days Cash expense base consistent with OEI/CAP treatment.
Printed page 3
Source evidence record
SchoolGlobal Preparatory Academy, Inc.
Reporting periodFY2024-25
MetricDays Cash on Hand
Formula componentIPS in-kind contributed services removed
Normalized fieldinkind_expenses
Extracted value$2,923,073
AdjustmentNone
Adjusted value$2,923,073
Document IDgpa-ev-07
Document typeAudited financial statements — emphasis of matter
PDF page3
Printed page3
Statement / noteEmphasis of Matter / Note 4 — Related Party In-Kind Contributions
Row / line labelIn-kind contributions and offsetting expenses from IPS — $2,923,073
Calculation levelSchool
ConfidenceHigh
Extraction methodStructured PDF text extraction
ReviewerAllan Bell - Nsites
Approval statusApproved
TimestampFri, 04 Sep 2026 18:12:00 GMT
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