Civic Intelligence

Vision Preparatory Charter School Inc.

990 • Fiscal year 2018 • EIN 45-3734882

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 14, 2018

Organization ProfileWWW.VISIONPREP.ORG
260 Joubert AveMemphis, TN 38109

(901) 775-1018

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.18x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.07x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

51st percentile

3.2%

Higher net margin than 51% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$98,345

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

89th percentile

37%

Faster asset growth than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$1,137,699

Up $309,898 (+37%) from 2017

Net Assets

Up

$931,022

Up $196,866 (+27%) from 2017

Liabilities

Up

$206,677

Up $113,032 (+121%) from 2017

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin51st percentile

Revenue

Up

$3,061,325

Up $720,719 (+31%) from 2017

Expenses

Up

$2,963,933

Up $902,298 (+44%) from 2017

Net Income

Down

$97,392

Down $181,579 (-65%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$6.0M$4.0M$2.0M$0Assets 2012: $1Liabilities 2012: $02012Assets 2013: $0Net Assets 2013: $02013Assets 2015: $486,689Liabilities 2015: $52,083Net Assets 2015: $434,6062015Assets 2016: $610,839Liabilities 2016: $84,327Net Assets 2016: $526,5122016Assets 2017: $827,801Liabilities 2017: $93,645Net Assets 2017: $734,1562017Assets 2018: $1,137,699Liabilities 2018: $206,677Net Assets 2018: $931,0222018Assets 2019: $1,073,767Liabilities 2019: $163,007Net Assets 2019: $910,7602019Assets 2020: $2,206,910Liabilities 2020: $1,033,633Net Assets 2020: $1,173,2772020Assets 2021: $2,239,199Liabilities 2021: $332,926Net Assets 2021: $1,906,2732021Assets 2022: $3,606,103Liabilities 2022: $1,438,132Net Assets 2022: $2,167,9712022Assets 2023: $4,820,956Liabilities 2023: $2,377,228Net Assets 2023: $2,443,7282023Assets 2025: $4,518,376Liabilities 2025: $865,255Net Assets 2025: $3,653,1212025

Highlighted filing

2018

Assets$1,137,699
Liabilities$206,677
Net Assets$931,022
Open 2018 Filing

Operations Trend

Revenue Growth81st percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $02013Revenue 2015: $1,828,261Expenses 2015: $1,393,655Net Income 2015: $434,6062015Revenue 2016: $1,680,215Expenses 2016: $1,588,309Net Income 2016: $91,9062016Revenue 2017: $2,340,606Expenses 2017: $2,061,635Net Income 2017: $278,9712017Revenue 2018: $3,061,325Expenses 2018: $2,963,933Net Income 2018: $97,3922018Revenue 2019: $3,919,138Expenses 2019: $3,939,400Net Income 2019: -$20,2622019Revenue 2020: $3,948,400Expenses 2020: $3,685,883Net Income 2020: $262,5172020Revenue 2021: $4,815,802Expenses 2021: $4,082,806Net Income 2021: $732,9962021Revenue 2022: $5,410,170Expenses 2022: $5,145,642Net Income 2022: $264,5282022Revenue 2023: $5,527,002Expenses 2023: $5,269,694Net Income 2023: $257,3082023Revenue 2025: $5,982,973Expenses 2025: $4,967,914Net Income 2025: $1,015,0592025

Highlighted filing

2018

Revenue$3,061,325
Expenses$2,963,933
Net Income$97,392
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$3,061,325
Mission and Program Overview

Mission

To prepare kindergaten through fifth grade students with the academic and ethical foundation necessary to excel in middle school, thrive in high school, and graduate from college.

To prepare kindergarten through fifth grade students with the academic and ethical foundation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$415,744$370,709▼ $45,035
Land, Buildings, and Equipment, Net$281,688$319,750▲ $38,062
Accounts Receivable$40,708$55,580▲ $14,872
Total Assets$827,801$1,137,699▲ $309,898
Other Assets Total$89,661$391,660▲ $301,999
Liabilities
Other Liabilities$40,960$152,026▲ $111,066
Accounts Payable and Accrued Expenses$52,685$54,651▲ $1,966
Total Liabilities$93,645$206,677▲ $113,032
Net Assets / Fund Balance
Unrestricted Net Assets$452,468$931,022▲ $478,554
Temporarily Rstr Net Assets$281,688--
Total Net Assets Fund Balance$734,156$931,022▲ $196,866
Total Liabilities and Net Assets / Fund Balance$827,801$1,137,699▲ $309,898

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$319,750$185,350$505,100
Other Assets Org$2,847--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom BentonDirector & FFT$98,345$98,345

Board Members and Trustees

NameTitle
Marvin ToddBoard Chair
Duple TravillionBoard Member
Joey SulipeckBoard Member
John CoatesBoard Member
Kurt VoldengBoard Member
Henry Reaves IiiBoard Secret
Carrie CarpenterBoard Vice-c
Lenita PattonParent Rep
Revenue and Support

Revenue Composition

Contributions and Grants
$622,300
Program Service Revenue
$2,438,396
Investment Income
$629
Other Revenue
$0
All Other Contributions
$353,753
Change in Net Assets
$97,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,061,325
Total Revenue per Audited Statements
$3,061,325
Total Revenue per Form 990
$3,061,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,070,616
Other Expenses$893,317
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,766,036--$1,766,036
Occupancy$392,415--$392,415
Other Employee Benefits$166,602--$166,602
Payroll Taxes$130,535--$130,535
Depreciation Depletion$100,680--$100,680
Office Expenses$55,386--$55,386
Fees for Services Other$44,821--$44,821
Insurance$36,362--$36,362
Information Technology$22,934--$22,934
Travel$13,895--$13,895
Fees for Services Accounting$9,495--$9,495
Pension Plan Contributions$7,443--$7,443
Other Expenses$5,584--$5,584
All Other Expenses$21--$21
Total Functional Expenses$2,963,933$0$0$2,963,933

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,963,933
Total Expenses per Audited Statements$2,963,933
Total Expenses per Form 990$2,963,933
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 - Gasb 68 - Ntp$68,987
Deferred Inflows - Gasb 68 - Legacy$60,250
Retirement Contributions$21,648
Deferred Inflows - Gasb 68$1,141
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the signing officer before filing.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest are described in article v, section 5 of the by- laws. Board oversees compliance.”

Form 990, Page 6, Part VI, Line 19

“Docements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Vision Preparatory Charter School
EIN
45-3734882
Phone
9017751018
Address
260 JOUBERT AVE, MEMPHIS, TN 38109

Signing Officer

Name
Sonja Jones
Title
Finance Director
Phone
9017751018
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Todd
Formed
2013
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
65

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
6525 N QUAIL HOLLOW SUITE 500, MEMPHIS, TN 38120
Preparer
Charles E Mclean CPA
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Operation of a kindergarten through fifth grade charter school.”

Form 990, Part XI, Line 9

“Gasb 68 prior period adjustment 137,040 -37,566 total 99,474”

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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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS - GASB 68 - LEGACY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS - GASB 68 - NTP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED OUTFLOWS - GASB 68
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET PENSION (LIABILITY) ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5NET PENSION (LIABILITY) ASSET - LEGA
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0319750
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0185350
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0505100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068987
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt221648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - GASB 68 - NTP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS - GASB 68 - LEGACY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RETIREMENT CONTRIBUTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS - GASB 68
IRS990ScheduleD/RevenueSubtotalAmt03061325
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0319750
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0391660
IRS990ScheduleD/TotalExpensesPerForm990Amt02963933
IRS990ScheduleD/TotalLiabilityAmt0152026
IRS990ScheduleD/TotalRevenuePerForm990Amt03061325
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03061325
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02963933
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE SIGNING OFFICER BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST ARE DESCRIBED IN ARTICLE V, SECTION 5 OF THE BY- LAWS. BOARD OVERSEES COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GASB 68 PRIOR PERIOD ADJUSTMENT 137,040 -37,566 TOTAL 99,474
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0281688
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0827801
IRS990/TotalAssetsEOYAmt01137699
IRS990/TotalAssetsGrp/BOYAmt0827801
IRS990/TotalAssetsGrp/EOYAmt01137699
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0622300
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02963933
IRS990/TotalFunctionalExpensesGrp/TotalAmt02963933
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093645
IRS990/TotalLiabilitiesEOYAmt0206677
IRS990/TotalLiabilitiesGrp/BOYAmt093645
IRS990/TotalLiabilitiesGrp/EOYAmt0206677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0734156
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0931022
IRS990/TotalOtherProgSrvcExpenseAmt02963933
IRS990/TotalProgramServiceExpensesAmt02963933
IRS990/TotalProgramServiceRevenueAmt02438396
IRS990/TotalReportableCompFromOrgAmt098345
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02439025
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03061325
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0827801
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01137699
IRS990/TravelGrp/ProgramServicesAmt013895
IRS990/TravelGrp/TotalAmt013895
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0452468
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0931022
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VISIONPREP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SONJA JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09017751018
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VISION PREPARATORY CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0VISI
ReturnHeader/Filer/EIN0453734882
ReturnHeader/Filer/PhoneNum09017751018
ReturnHeader/Filer/USAddress/AddressLine1Txt0260 JOUBERT AVE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038109
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId057DA44046E02AE91CBE12B1F07D1FCEC562DFDAD
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId057DA44046E02AE91CBE12B1F07D1FCEC562DFDAD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.167.238.8
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm008:20:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621110839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALEXANDER THOMPSON ARNOLD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06525 N QUAIL HOLLOW SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016841170
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES E MCLEAN CPA
ReturnHeader/ReturnTs02018-11-15T08:20:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,137,699
Liabilities
$206,677
Net assets
$931,022
Revenue
$3,061,325
Expenses
$2,963,933
Net income
$97,392
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$0.87$3.65$5.98$4.97$1.02
2023Summary only. Only limited summary data is available for this year.$4.82$2.38$2.44$5.53$5.27$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$1.44$2.17$5.41$5.15$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.33$1.91$4.82$4.08$0.73
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$1.03$1.17$3.95$3.69$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.16$0.91$3.92$3.94$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.21$0.93$3.06$2.96$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.09$0.73$2.34$2.06$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.08$0.53$1.68$1.59$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.05$0.43$1.83$1.39$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00