Civic Intelligence

Vision Preparatory Charter School Inc.

990 • Fiscal year 2021 • EIN 45-3734882

Jul 01, 2020 to Jun 30, 2021 • Filed on Jul 11, 2022

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

0.15x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

55th percentile

15%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$97,693

Higher top officer pay than 69% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.5%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

60th percentile

22%

Faster revenue growth than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$2,239,199

Up $32,289 (+1.5%) from 2020

Net Assets

Up

$1,906,273

Up $732,996 (+62%) from 2020

Liabilities

Down

$332,926

Down $700,707 (-68%) from 2020

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin55th percentile

Revenue

Up

$4,815,802

Up $867,402 (+22%) from 2020

Expenses

Up

$4,082,806

Up $396,923 (+11%) from 2020

Net Income

Up

$732,996

Up $470,479 (+179%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2021

Assets$2,239,199
Liabilities$332,926
Net Assets$1,906,273
Open 2021 Filing

Operations Trend

Revenue Growth60th 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

2021

Revenue$4,815,802
Expenses$4,082,806
Net Income$732,996
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jul 11, 2022
Return Version
2020v4.0
Gross Receipts
$4,815,802
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$943,042$739,772▼ $203,270
Land, Buildings, and Equipment, Net$160,581$216,781▲ $56,200
Accounts Receivable$67,510$189,583▲ $122,073
Prepaid Expenses and Deferred Charges-$205-
Total Assets$2,206,910$2,239,199▲ $32,289
Other Assets Total$1,035,777$1,092,858▲ $57,081
Liabilities
Other Liabilities$435,465$305,894▼ $129,571
Accounts Payable and Accrued Expenses$598,168$27,032▼ $571,136
Total Liabilities$1,033,633$332,926▼ $700,707
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,154,617$1,148,335▼ $6,282
Net Assets With Donor Restrictions$18,660$757,938▲ $739,278
Total Net Assets Fund Balance$1,173,277$1,906,273▲ $732,996
Total Liabilities and Net Assets / Fund Balance$2,206,910$2,239,199▲ $32,289

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$166,444$375,210$541,654
Other Assets Org$64,627--
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tom BentonDirector & FFT$97,693$97,693

Board Members and Trustees

NameTitle
Marvin ToddBoard Chair
John CoatesBoard Member
Megan SalemiBoard Member
Mim StokesBoard Member
Neva ReavesBoard Member
Henry Reaves IiiBoard Secret
Kurt VoldengBoard Treasu
Carrie CarpenterBoard Vice-c
Lenita PattonParent Rep
Revenue and Support

Revenue Composition

Contributions and Grants
$1,231,169
Program Service Revenue
$3,584,633
Investment Income
$0
Other Revenue
$0
All Other Contributions
$641,901
Change in Net Assets
$732,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,815,802
Total Revenue per Audited Statements
$4,815,802
Total Revenue per Form 990
$4,815,802
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,062,642
Other Expenses$1,020,164
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,668,112--$2,668,112
Occupancy$254,649--$254,649
Payroll Taxes$193,242--$193,242
Other Employee Benefits$168,559--$168,559
Fees for Services Other$95,301--$95,301
Depreciation Depletion$93,891--$93,891
Fees for Services Accounting$74,215--$74,215
Insurance$57,909--$57,909
Travel$47,530--$47,530
Pension Plan Contributions$32,729--$32,729
Other Expenses$21,577--$21,577
Office Expenses$14,451--$14,451
Information Technology$10,863--$10,863
All Other Expenses$789--$789
Total Functional Expenses$4,082,806$0$0$4,082,806

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,082,806
Total Expenses per Audited Statements$4,082,806
Total Expenses per Form 990$4,082,806
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$286,605
Retirement Contributions$19,289
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

“Documents 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
2022-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marvin Todd
Formed
2013
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
84
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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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/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03584633
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0166444
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0375210
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0541654
IRS990ScheduleD/ExpensesSubtotalAmt04082806
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0692571
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1335660
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt264627
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2STABLILIZATION TRUST FUND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0286605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119289
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RETIREMENT CONTRIBUTIONS
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt0166444
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01092858
IRS990ScheduleD/TotalExpensesPerForm990Amt04082806
IRS990ScheduleD/TotalLiabilityAmt0305894
IRS990ScheduleD/TotalRevenuePerForm990Amt04815802
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04815802
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04082806
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/ExplanationTxt3DOCUMENTS 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/TotalAssetsBOYAmt02206910
IRS990/TotalAssetsEOYAmt02239199
IRS990/TotalAssetsGrp/BOYAmt02206910
IRS990/TotalAssetsGrp/EOYAmt02239199
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01231169
IRS990/TotalEmployeeCnt084
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt04082806
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IRS990/TotalProgramServiceExpensesAmt04082806
IRS990/TotalProgramServiceRevenueAmt03584633
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03584633
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04815802
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02239199
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IRS990/USAddress/ZIPCd038109
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.VISIONPREP.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SONJA JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09017751018
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-07-11
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/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/PreparationDt02022-07-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES E MCLEAN CPA
ReturnHeader/ReturnTs02022-07-11T13:49:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SONJA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JONES
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,239,199
Liabilities
$332,926
Net assets
$1,906,273
Revenue
$4,815,802
Expenses
$4,082,806
Net income
$732,996
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
2021Detailed filing. Detailed filing data is available for this year.$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
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