Civic Intelligence

Memphis College Preparatory Elementary School

990 • Fiscal year 2012 • EIN 26-4251279

Jul 01, 2011 to Jun 30, 2012 • Filed on May 15, 2013

Organization ProfileWWW.MEMPHISCOLLEGEPREP.ORG
278 Greenlaw Avenue38105
Siviq Scores

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

Liabilities / Assets

78th percentile

0.53x

Higher debt load relative to assets than 78% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$869,206

Down $113,019 (-12%) from 2011

Net Assets

Down

$406,799

Down $35,815 (-8.1%) from 2011

Liabilities

Down

$462,407

Down $77,204 (-14%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,346,561

Up $443,602 (+49%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2012

Assets$869,206
Liabilities$462,407
Net Assets$406,799
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2012

Revenue-
Expenses$1,346,561
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 15, 2013
Return Version
2011v1.2
Gross Receipts
$1,310,746
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.

Filing and Contact Details

Filer

EIN
26-4251279
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE SCHOOL ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2012, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS; FEDERAL - JUNE 30, 2010, 2011 AND 2012. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2012.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVED FINANCIAL AID FROM THE STATE OF TENNESSEE AS PART OF THE CHARTER SCHOOL IMPLEMENTATION/NO CHILD LEFT BEHIND GRANT.
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IRS990ScheduleO/GeneralExplanation/Explanation0THE 990 IS REVIEWED DURING THE REGULAR MONTHLY BOARD MEETING THE MONTH PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1THE SCHOOL WILL REVIEW THE POLICY ANNUALLY AND ENSURE ALL NEW HIRES AND BOARD MEMBERS REVIEW THE POLICY AND SIGN A DISCLOSURE FORM.
IRS990ScheduleO/GeneralExplanation/Explanation2THE AVERAGE DIRECTORS' COMPENSATION TAKEN FROM THE EXISTING 22 CHARTER SCHOOLS IN THE MEMPHIS, TN AREA WAS OBTAINED AND USED TO MAKE THIS DETERMINATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990/TotalExpensesCurrentYear01346561
IRS990/TotalExpensesPriorYear0902959
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0532589
IRS990/TotalFunctionalExpenses/ProgramServices0813972
IRS990/TotalFunctionalExpenses/Total01346561
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0539611
IRS990/TotalLiabilitiesBOY0539611
IRS990/TotalLiabilities/EOY0462407
IRS990/TotalLiabilitiesEOY0462407
IRS990/TotalLiabNetAssetsFundBalances/BOY0982225
IRS990/TotalLiabNetAssetsFundBalances/EOY0869206
IRS990/TotalNbrEmployees023
IRS990/TotalNbrVolunteers085
IRS990/TotalNetAssetsFundBalances/BOY0442614
IRS990/TotalNetAssetsFundBalances/EOY0406799
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense0813972
IRS990/TotalProgramServiceRevenue0891516
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg089070
IRS990/TotalRevenueCurrentYear01310746
IRS990/TotalRevenue/ExclusionAmount0402
IRS990/TotalRevenuePriorYear0941006
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0891516
IRS990/TotalRevenue/TotalRevenueColumn01310746
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/Travel/ProgramServices09958
IRS990/Travel/Total09958
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0442614

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$869,206
Liabilities
$462,407
Net assets
$406,799
Revenue
-
Expenses
$1,346,561
Net income
-
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
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2012 filings • 501(c)3 • $1M-$5M nonprofits