Civic Intelligence

Memphis College Preparatory Elementary School

990 • Fiscal year 2022 • EIN 26-4251279

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 13, 2023

Organization ProfileWWW.MEMPHISCOLLEGEPREP.ORG
1500 Dunn AvenueMemphis, TN 38106

(901) 620-6475

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.55x

Higher debt load relative to assets than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

0.79x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$66,340

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

49th percentile

1.0%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-14%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$4,812,612

Up $45,488 (+1.0%) from 2021

Net Assets

Down

$2,146,511

Down $652,878 (-23%) from 2021

Liabilities

Up

$2,666,101

Up $698,366 (+35%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin15th percentile

Revenue

Down

$3,371,309

Down $531,877 (-14%) from 2021

Expenses

Up

$4,021,714

Up $341,228 (+9.3%) from 2021

Net Income

Down

-$650,405

Down $873,105 (-392%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $982,225Liabilities 2011: $539,611Net Assets 2011: $442,6142011Assets 2012: $869,206Liabilities 2012: $462,407Net Assets 2012: $406,7992012Assets 2013: $1,019,555Liabilities 2013: $649,016Net Assets 2013: $370,5392013Assets 2014: $1,263,144Liabilities 2014: $776,510Net Assets 2014: $486,6342014Assets 2015: $1,388,009Liabilities 2015: $889,342Net Assets 2015: $498,6672015Assets 2016: $4,746,334Liabilities 2016: $2,956,563Net Assets 2016: $1,789,7712016Assets 2017: $5,011,038Liabilities 2017: $3,011,796Net Assets 2017: $1,999,2422017Assets 2018: $5,310,436Liabilities 2018: $2,887,384Net Assets 2018: $2,423,0522018Assets 2019: $4,714,649Liabilities 2019: $2,311,882Net Assets 2019: $2,402,7672019Assets 2020: $5,178,108Liabilities 2020: $2,601,419Net Assets 2020: $2,576,6892020Assets 2021: $4,767,124Liabilities 2021: $1,967,735Net Assets 2021: $2,799,3892021Assets 2022: $4,812,612Liabilities 2022: $2,666,101Net Assets 2022: $2,146,5112022Assets 2023: $5,161,312Liabilities 2023: $1,881,863Net Assets 2023: $3,279,4492023Assets 2024: $5,497,706Liabilities 2024: $2,001,765Net Assets 2024: $3,495,9412024Assets 2025: $5,100,740Liabilities 2025: $1,742,682Net Assets 2025: $3,358,0582025

Highlighted filing

2022

Assets$4,812,612
Liabilities$2,666,101
Net Assets$2,146,511
Open 2022 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $902,9592011Expenses 2012: $1,346,5612012Expenses 2013: $1,870,7922013Revenue 2014: $2,231,421Expenses 2014: $2,115,326Net Income 2014: $116,0952014Revenue 2015: $2,835,276Expenses 2015: $2,525,439Net Income 2015: $309,8372015Revenue 2016: $3,770,736Expenses 2016: $2,800,626Net Income 2016: $970,1102016Revenue 2017: $3,329,773Expenses 2017: $3,120,302Net Income 2017: $209,4712017Revenue 2018: $3,221,358Expenses 2018: $2,797,553Net Income 2018: $423,8052018Revenue 2019: $2,838,226Expenses 2019: $2,858,511Net Income 2019: -$20,2852019Revenue 2020: $2,935,408Expenses 2020: $2,761,486Net Income 2020: $173,9222020Revenue 2021: $3,903,186Expenses 2021: $3,680,486Net Income 2021: $222,7002021Revenue 2022: $3,371,309Expenses 2022: $4,021,714Net Income 2022: -$650,4052022Revenue 2023: $4,969,595Expenses 2023: $3,836,657Net Income 2023: $1,132,9382023Revenue 2024: $4,333,582Expenses 2024: $4,117,090Net Income 2024: $216,4922024Revenue 2025: $3,537,174Expenses 2025: $3,675,057Net Income 2025: -$137,8832025

Highlighted filing

2022

Revenue$3,371,309
Expenses$4,021,714
Net Income-$650,405
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 13, 2023
Return Version
2021v4.2
Gross Receipts
$3,371,309
Mission and Program Overview

Mission

To provide kindergarten through fifth grade students with the academic and ethical foundation to excel in school and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,579,649$3,159,520▲ $579,871
Cash and Non-Interest-Bearing Accounts$1,578,518$538,143▼ $1,040,375
Pledges and Grants Receivable$123,932$108,608▼ $15,324
Investments Other Securities$106,127--
Intangible Assets-$38,195-
Prepaid Expenses and Deferred Charges$85,300$22,078▼ $63,222
Total Assets$4,767,124$4,812,612▲ $45,488
Other Assets Total$293,598$946,068▲ $652,470
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,798,996$1,667,925▼ $131,071
Other Liabilities$113,857$600,371▲ $486,514
Accounts Payable and Accrued Expenses$54,882$397,805▲ $342,923
Total Liabilities$1,967,735$2,666,101▲ $698,366
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,550,389$1,467,418▼ $1,082,971
Net Assets With Donor Restrictions$249,000$679,093▲ $430,093
Total Net Assets Fund Balance$2,799,389$2,146,511▼ $652,878
Total Liabilities and Net Assets / Fund Balance$4,767,124$4,812,612▲ $45,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,777,096$443,091$3,220,187
Other Land Buildings$304,369$360,747$665,116
Equipment$42,055$92,321$134,376
Land$36,000-$36,000
Other Assets Org$102,919--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tyree DanielsExecutive ChairFT$66,340$66,340
Fadra GreenDirector of OperationsFT$45,313$45,313
Joshua GieslerOutgoing Director of OperationsFT$35,047$35,047

Board Members and Trustees

NameTitle
Sean MontesiVice Chair
Ashley PattersonBoard Member
Elizabeth JumetBoard Member
Kennard SpeedBoard Member
Logan WelkBoard Member
Mareko HuelyBoard Member
Zachary KnightBoard Member
Andrew HolmesSecretary
Demar RobertsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Genuine Food Lab LLCFood ServicePO BOX 96503, Washington, DC 20090$309,333
Mechanical Systems Company LLCHvac Service3965 OLD GETWLL RD, Memphis, TN 38118$158,063
Technologylab LLCTechnology Service1829 JO JOHNSON AVENUE, Nashville, TN 37203$153,516
Revenue and Support

Revenue Composition

Contributions and Grants
$3,189,497
Program Service Revenue
$181,691
Investment Income
$121
Other Revenue
$0
All Other Contributions
$2,575
Change in Net Assets
$-650,405

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,371,309
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,371,309
Total Revenue per Form 990
$3,371,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,454,016
Other Expenses$1,567,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,385,338$577,702-$1,963,040
Fees for Services Other$372,658$561,601-$934,259
Other Employee Benefits$226,065$118,211-$344,276
Depreciation Depletion$145,812$16,201-$162,013
Current Officers, Directors, Trustees, and Key Employees-$146,700-$146,700
Interest$68,335$7,593-$75,928
Occupancy$58,022$6,447-$64,469
Other Expenses$11,765$14,204-$11,765
Total Functional Expenses$2,456,249$1,565,465$0$4,021,714

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,021,714
Total Expenses per Audited Statements$4,021,714
Total Expenses per Form 990$4,021,714
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows Related to Pensions$491,032
Current Portion of Long-term Debt$109,339
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“After the return is prepared by an independent accounting firm, the return is reviewed by the board of directors before submission to the irs.”

Form 990, Part VI, Section B, Line 12C

“The directors sign a statement annually confirming their compliance with the conflicts of interest policy,”

Form 990, Part VI, Section B, Line 15

“Compensation for a position is determined as to what is reasonable for the experience, expertise, geography and needs of the organization. Compensation is reviewed by the board finance committee, discussed and voted on at board meetings. The resulting decision is recorded in the minutes.”

Form 990, Part VI, Section C, Line 18

“The organization's tax documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Memphis College Preparatory Elementary
EIN
26-4251279
Phone
9016206475
Address
1500 DUNN AVENUE, MEMPHIS, TN 38106

Signing Officer

Name
Tyree Daniels
Title
Executive Chairman
Phone
9016206475
Signed
2023-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tyree Daniels
Formed
2009
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
51
Volunteers
30

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Susan M Lattimore
Phone
9017613003
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted services: program service expenses 372,658. Management and general expenses 561,601. Fundraising expenses 0. Total expenses 934,259.”

FORM 990, PART XI, LINE 9:

“Cumulative effect of adoption of gasb 87 -2,473.”

Raw XML AppendixShowing 400 of 471 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InterestGrp/TotalAmt075928
IRS990/InvestmentIncomeGrp/ExclusionAmt0121
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0121
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0106127
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0896159
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02579649
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03159520
IRS990/LandBldgEquipCostOrOtherBssAmt04055679
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE KINDERGARTEN THROUGH FIFTH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND IN LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01798996
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01667925
IRS990/NetAssetsOrFundBalancesBOYAmt02799389
IRS990/NetAssetsOrFundBalancesEOYAmt02146511
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02550389
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01467418
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06447
IRS990/OccupancyGrp/ProgramServicesAmt058022
IRS990/OccupancyGrp/TotalAmt064469
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0293598
IRS990/OtherAssetsTotalGrp/EOYAmt0946068
IRS990/OtherChangesInNetAssetsAmt0-2473
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0118211
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0226065
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0344276
IRS990/OtherExpensesGrp/Desc0SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INTERNAL SCHOOL EXPENDI
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0116806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114204
IRS990/OtherExpensesGrp/ProgramServicesAmt060421
IRS990/OtherExpensesGrp/ProgramServicesAmt1127833
IRS990/OtherExpensesGrp/ProgramServicesAmt211765
IRS990/OtherExpensesGrp/TotalAmt0177227
IRS990/OtherExpensesGrp/TotalAmt1142037
IRS990/OtherExpensesGrp/TotalAmt211765
IRS990/OtherLiabilitiesGrp/BOYAmt0113857
IRS990/OtherLiabilitiesGrp/EOYAmt0600371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0577702
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01385338
IRS990/OtherSalariesAndWagesGrp/TotalAmt01963040
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0123932
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0108608
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt085300
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022078
IRS990/PrincipalOfficerNm0TYREE DANIELS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0181691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0181691
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03902197
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0989
IRS990/PYOtherExpensesAmt01462482
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0222700
IRS990/PYSalariesCompEmpBnftPaidAmt02218004
IRS990/PYTotalExpensesAmt03680486
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03903186
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-650405
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0181691
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02777096
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0443091
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03220187
IRS990ScheduleD/EquipmentGrp/BookValueAmt042055
IRS990ScheduleD/EquipmentGrp/DepreciationAmt092321
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134376
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04021714
IRS990ScheduleD/LandGrp/BookValueAmt036000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt036000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0576174
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1266975
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2102919
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0304369
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0360747
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0665116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0491032
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1109339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION OF LONG-TERM DEBT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03371309
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03159520
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0946068
IRS990ScheduleD/TotalExpensesPerForm990Amt04021714
IRS990ScheduleD/TotalLiabilityAmt0600371
IRS990ScheduleD/TotalRevenuePerForm990Amt03371309
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03371309
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04021714
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MEMPHIS COLLEGE PREPARATORY SCHOOL RECEIVES VARIOUS GRANTS AND FUNDS FROM THE STATE OF TENNESSEE AS WELL AS FROM THE FEDERAL GOVERNMENT FOR BASIC EDUCATION, E-RATE FUNDING AND TITLE I GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR A POSITION IS DETERMINED AS TO WHAT IS REASONABLE FOR THE EXPERIENCE, EXPERTISE, GEOGRAPHY AND NEEDS OF THE ORGANIZATION. COMPENSATION IS REVIEWED BY THE BOARD FINANCE COMMITTEE, DISCUSSED AND VOTED ON AT BOARD MEETINGS. THE RESULTING DECISION IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 372,658. MANAGEMENT AND GENERAL EXPENSES 561,601. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 934,259.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CUMULATIVE EFFECT OF ADOPTION OF GASB 87 -2,473.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04767124
IRS990/TotalAssetsEOYAmt04812612
IRS990/TotalAssetsGrp/BOYAmt04767124
IRS990/TotalAssetsGrp/EOYAmt04812612
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,812,612
Liabilities
$2,666,101
Net assets
$2,146,511
Revenue
$3,371,309
Expenses
$4,021,714
Net income
-$650,405
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.10$1.74$3.36$3.54$3.68$0.14
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.50$2.00$3.50$4.33$4.12$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$1.88$3.28$4.97$3.84$1.13
2022Detailed filing. Detailed filing data is available for this year.$4.81$2.67$2.15$3.37$4.02$0.65
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$1.97$2.80$3.90$3.68$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.18$2.60$2.58$2.94$2.76$0.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.71$2.31$2.40$2.84$2.86$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$2.89$2.42$3.22$2.80$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.01$3.01$2.00$3.33$3.12$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.75$2.96$1.79$3.77$2.80$0.97
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.89$0.50$2.84$2.53$0.31
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.78$0.49$2.23$2.12$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.65$0.37$1.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.46$0.41$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.54$0.44$0.90