Civic Intelligence

Vision Preparatory Charter School Inc.

990 • Fiscal year 2020 • EIN 45-3734882

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 23, 2020

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

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.26x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.6%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

68th percentile

$98,023

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

93rd percentile

106%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

0.7%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,206,910

Up $1,133,143 (+106%) from 2019

Net Assets

Up

$1,173,277

Up $262,517 (+29%) from 2019

Liabilities

Up

$1,033,633

Up $870,626 (+534%) from 2019

Revenue

Up

$3,948,400

Up $29,262 (+0.7%) from 2019

Expenses

Down

$3,685,883

Down $253,517 (-6.4%) from 2019

Net Income

Up

$262,517

Up $282,779 (+1396%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$2,206,910
Liabilities$1,033,633
Net Assets$1,173,277

Operations Trend

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

2020

Revenue$3,948,400
Expenses$3,685,883
Net Income$262,517
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 23, 2020
Return Version
2019v5.0
Gross Receipts
$3,970,708
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$575,106$943,042▲ $367,936
Land, Buildings, and Equipment, Net$267,318$160,581▼ $106,737
Accounts Receivable$28,002$67,510▲ $39,508
Total Assets$1,073,767$2,206,910▲ $1,133,143
Other Assets Total$203,341$1,035,777▲ $832,436
Liabilities
Accounts Payable and Accrued Expenses$24,749$598,168▲ $573,419
Other Liabilities$138,258$435,465▲ $297,207
Total Liabilities$163,007$1,033,633▲ $870,626
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$892,100$1,154,617▲ $262,517
Net Assets With Donor Restrictions$18,660$18,660→ $0
Total Net Assets Fund Balance$910,760$1,173,277▲ $262,517
Total Liabilities and Net Assets / Fund Balance$1,073,767$2,206,910▲ $1,133,143

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$160,581$344,358$504,939
Other Assets Org$24,127--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tom BentonDirector & FFT$98,023$98,023

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$441,726
Program Service Revenue
$3,528,982
Investment Income
$-22,308
Other Revenue
$0
All Other Contributions
$203,260
Change in Net Assets
$262,517

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,948,400
Total Revenue per Audited Statements
$3,948,400
Total Revenue per Form 990
$3,948,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,613,656
Other Expenses$1,072,227
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,448,845--$2,448,845
Fees for Services Other$227,186--$227,186
Office Expenses$221,099--$221,099
Occupancy$211,257--$211,257
Other Employee Benefits$198,430--$198,430
Payroll Taxes$183,049--$183,049
Depreciation Depletion$121,399--$121,399
Current Officers, Directors, Trustees, and Key Employees$104,334--$104,334
Fees for Services Accounting$59,519--$59,519
Other Expenses$9,860--$9,860
Travel$663--$663
Pension Plan Contributions$-321,002--$-321,002
Total Functional Expenses$3,685,883$0$0$3,685,883

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,685,883
Total Expenses per Audited Statements$3,685,883
Total Expenses per Form 990$3,685,883
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-legacy$198,756
Deferred Inflows-gasb 68- Ntp$162,196
Deferred Inflows - Gasb 68$52,988
Retirement Contributions$21,758
Payroll Clearing$-233
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 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
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
2020-12-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Todd
Formed
2013
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
91
Volunteers
12

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.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt535565
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt624127
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET - NTP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET - LEGACY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOW-GASB 68-LEGACY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED OUTFLOWS-GASB 68 - NTP
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET PENSION (LIABILITY) ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5RESTRICTED NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6DEFERRED OUTFLOWS - GASB 68
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0160581
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0344358
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0504939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0198756
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1162196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt252988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt321758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4-233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS-GASB 68-LEGACY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS-GASB 68- NTP
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RETIREMENT CONTRIBUTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL CLEARING
IRS990ScheduleD/RevenueSubtotalAmt03948400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0160581
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01035777
IRS990ScheduleD/TotalExpensesPerForm990Amt03685883
IRS990ScheduleD/TotalLiabilityAmt0435465
IRS990ScheduleD/TotalRevenuePerForm990Amt03948400
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03948400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03685883
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/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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01073767
IRS990/TotalAssetsEOYAmt02206910
IRS990/TotalAssetsGrp/BOYAmt01073767
IRS990/TotalAssetsGrp/EOYAmt02206910
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0441726
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03685883
IRS990/TotalFunctionalExpensesGrp/TotalAmt03685883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163007
IRS990/TotalLiabilitiesEOYAmt01033633
IRS990/TotalLiabilitiesGrp/BOYAmt0163007
IRS990/TotalLiabilitiesGrp/EOYAmt01033633
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0910760
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01173277
IRS990/TotalProgramServiceExpensesAmt03685883
IRS990/TotalProgramServiceRevenueAmt03528982
IRS990/TotalReportableCompFromOrgAmt098023
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03506674
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03948400
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01073767
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02206910
IRS990/TravelGrp/ProgramServicesAmt0663
IRS990/TravelGrp/TotalAmt0663
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0260 JOUBERT AVE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038109
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.VISIONPREP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SONJA JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09017751018
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-23
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/IPDt02020-12-23
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:03:27
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/PreparationDt02020-12-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES E MCLEAN CPA
ReturnHeader/ReturnTs02020-12-23T15:03:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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