Civic Intelligence

Capstone Education Group Inc

EIN 45-4885204 • 501(c)3 • Memphis, TN

View Organization Page

Profile

Equips students with wisdom and knowledge necessary to succeed in college

PO Box 22569Memphis, TN 38122-0569

www.cornerstoneprepmemphis.org/CAPSTONE-EDUCAT

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.04x

Higher debt load relative to assets than 25% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

17th percentile

0.06x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-9.7%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$30,379,135

Up $3,020,566 (+11%) from 2024

Liabilities

Up

$1,328,930

Up $646,246 (+95%) from 2024

Net Assets

Up

$29,050,205

Up $2,374,320 (+8.9%) from 2024

Operations
Liabilities / Revenue17th percentileNet Margin65th percentile

Revenue

Down

$21,535,365

Down $2,308,819 (-9.7%) from 2024

Expenses

Down

$19,161,045

Down $1,163,987 (-5.7%) from 2024

Net Income

Down

$2,374,320

Down $1,144,832 (-33%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth67th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2013: $5,031,386Liabilities 2013: $13,517Net Assets 2013: $5,017,8692013Assets 2014: $6,042,144Liabilities 2014: $196,591Net Assets 2014: $5,845,5532014Assets 2015: $6,267,054Liabilities 2015: $55,551Net Assets 2015: $6,211,5032015Assets 2016: $9,948,952Liabilities 2016: $1,176,408Net Assets 2016: $8,772,5442016Assets 2017: $12,515,679Liabilities 2017: $1,603,413Net Assets 2017: $10,912,2662017Assets 2018: $14,288,705Liabilities 2018: $1,187,463Net Assets 2018: $13,101,2422018Assets 2019: $15,927,287Liabilities 2019: $735,508Net Assets 2019: $15,191,7792019Assets 2020: $17,450,935Liabilities 2020: $844,580Net Assets 2020: $16,606,3552020Assets 2021: $17,393,723Liabilities 2021: $587,467Net Assets 2021: $16,806,2562021Assets 2022: $24,521,664Liabilities 2022: $3,737,785Net Assets 2022: $20,783,8792022Assets 2023: $23,971,387Liabilities 2023: $814,656Net Assets 2023: $23,156,7312023Assets 2024: $27,358,569Liabilities 2024: $682,684Net Assets 2024: $26,675,8852024Assets 2025: $30,379,135Liabilities 2025: $1,328,930Net Assets 2025: $29,050,2052025

Highlighted filing

2025

Assets$30,379,135
Liabilities$1,328,930
Net Assets$29,050,205
Open 2025 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2013: $02013Revenue 2014: $5,186,727Expenses 2014: $4,359,043Net Income 2014: $827,6842014Revenue 2015: $6,106,089Expenses 2015: $5,606,265Net Income 2015: $499,8242015Revenue 2016: $15,001,195Expenses 2016: $12,440,154Net Income 2016: $2,561,0412016Revenue 2017: $14,660,585Expenses 2017: $12,520,863Net Income 2017: $2,139,7222017Revenue 2018: $15,405,632Expenses 2018: $13,216,656Net Income 2018: $2,188,9762018Revenue 2019: $15,674,741Expenses 2019: $13,584,204Net Income 2019: $2,090,5372019Revenue 2020: $15,819,066Expenses 2020: $14,404,490Net Income 2020: $1,414,5762020Revenue 2021: $16,006,106Expenses 2021: $15,806,205Net Income 2021: $199,9012021Revenue 2022: $20,250,688Expenses 2022: $16,224,709Net Income 2022: $4,025,9792022Revenue 2023: $20,578,588Expenses 2023: $18,205,736Net Income 2023: $2,372,8522023Revenue 2024: $23,844,184Expenses 2024: $20,325,032Net Income 2024: $3,519,1522024Revenue 2025: $21,535,365Expenses 2025: $19,161,045Net Income 2025: $2,374,3202025

Highlighted filing

2025

Revenue$21,535,365
Expenses$19,161,045
Net Income$2,374,320
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,379,135
Liabilities
$1,328,930
Net assets
$29,050,205
Revenue
$21,535,365
Expenses
$19,161,045
Net income
$2,374,320
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$30.4$1.33$29.1$21.5$19.2$2.37
2024Detailed filing. Detailed filing data is available for this year.$27.4$0.68$26.7$23.8$20.3$3.52
2023Detailed filing. Detailed filing data is available for this year.$24.0$0.81$23.2$20.6$18.2$2.37
2022Detailed filing. Detailed filing data is available for this year.$24.5$3.74$20.8$20.3$16.2$4.03
2021Detailed filing. Detailed filing data is available for this year.$17.4$0.59$16.8$16.0$15.8$0.20
2020Detailed filing. Detailed filing data is available for this year.$17.5$0.84$16.6$15.8$14.4$1.41
2019Detailed filing. Detailed filing data is available for this year.$15.9$0.74$15.2$15.7$13.6$2.09
2018Detailed filing. Detailed filing data is available for this year.$14.3$1.19$13.1$15.4$13.2$2.19
2017Detailed filing. Detailed filing data is available for this year.$12.5$1.60$10.9$14.7$12.5$2.14
2016Detailed filing. Detailed filing data is available for this year.$9.95$1.18$8.77$15.0$12.4$2.56
2015Detailed filing. Detailed filing data is available for this year.$6.27$0.06$6.21$6.11$5.61$0.50
2014Detailed filing. Detailed filing data is available for this year.$6.04$0.20$5.85$5.19$4.36$0.83
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$0.01$5.02$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 13, 2026
Return Version
2024v5.5
Gross Receipts
$21,535,365
Mission and Program Overview

Mission

Equips students with wisdom and knowledge necessary to succeed in college

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,738,108$14,865,717▲ $127,609
Cash and Non-Interest-Bearing Accounts$5,378,128$8,262,538▲ $2,884,410
Land, Buildings, and Equipment, Net$374,922$1,848,528▲ $1,473,606
Accounts Receivable$3,386,680$1,185,794▼ $2,200,886
Prepaid Expenses and Deferred Charges$25,080--
Total Assets$27,358,569$30,379,135▲ $3,020,566
Other Assets Total$3,455,651$4,216,558▲ $760,907
Liabilities
Other Liabilities$390,590$1,010,795▲ $620,205
Accounts Payable and Accrued Expenses$292,094$318,135▲ $26,041
Total Liabilities$682,684$1,328,930▲ $646,246
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,675,885$29,050,205▲ $2,374,320
Total Net Assets Fund Balance$26,675,885$29,050,205▲ $2,374,320
Total Liabilities and Net Assets / Fund Balance$27,358,569$30,379,135▲ $3,020,566

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,500,325$6,278$1,506,603
Equipment$180,803$56,827$237,630
Land$167,400-$167,400
Other Assets Org$45,890--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Drew SippelExecutive DirectorFT$257,660$11,861$269,521
Michelle L BurnettChief Schools OfficerFT$159,095$6,973$166,068
Yolanda DandridgeChief Academic OfficerFT$117,894$6,392$124,286
Deneia BrooksPrincipal Cornerstone Prep - LesterFT$107,440$6,973$114,413
Ebony JonesPrincipal Cornerstone Prep - DenverFT$104,272$6,973$111,245
Bridgette V SimmonsDean of CultureFT$106,439-$106,439

Board Members and Trustees

NameTitle
Scott WalkerChairman
Thomas M MarinoVice Chairman
Camela EcholsDirector
Dr Yolunda Bass BealeDirector
Elliot PerryDirector
Octavious NicksonDirector
Paul F T EdwardsSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Give Clean LLCCleaning Service2139 S GERMANTOWN, Germantown, TN 38138$360,772
Durham School ServicesTransportationPO BOX 841879, Dallas, TX 75284-1879$148,179
Revenue and Support

Revenue Composition

Contributions and Grants
$20,527,051
Program Service Revenue
$0
Investment Income
$1,008,314
Other Revenue
$0
All Other Contributions
$884,488
Change in Net Assets
$2,374,320

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,535,365
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$21,535,365
Total Revenue per Form 990
$21,535,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,237,309
Other Expenses$4,923,736
Total Fundraising Expense$46,334
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,046,525$1,207,234$19,600$10,273,359
Current Officers, Directors, Trustees, and Key Employees$1,333,585$143,845$24,684$1,502,114
Occupancy$1,335,302$70,279-$1,405,581
Other Employee Benefits$860,124$15,118-$875,242
Payroll Taxes$750,855$96,864$2,050$849,769
Pension Plan Contributions$736,825--$736,825
Fees for Services Other$558,560--$558,560
All Other Expenses$508,563--$508,563
Other Expenses$326,224$154,618-$326,224
Office Expenses$110,718--$110,718
Insurance$19,755$79,020-$98,775
Advertising$48,862--$48,862
Depreciation Depletion$34,994$1,842-$36,836
Travel$9,958--$9,958
Total Functional Expenses$17,345,891$1,768,820$46,334$19,161,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,161,045
Total Expenses per Audited Statements$19,161,045
Total Expenses per Form 990$19,161,045
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$963,377
Lease Liability$47,418
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

“The preparer provided a copy of the final version of form 990 to the board of directors before it was filed. Additionally, the board of directors reviewed and approved the return before it was filed.”

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

“Annual conflict of interest statements to identify potential conflicts with vendors, employees, clients, and other potential conflicts are completed by all board members. Periodic reviews are also conducted and when conflicts arise, a resolution is determined by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Compensation for all employees of capstone education group are determined based on market rates, education level and experience and compensation levels are consistent with comparable data from school systems in the area with board approval of all employee compensation.”

Form 990, Part VI, Section C, Line 19

“Capstone education group has available for public inspection all required documents in a separate binder marked "open for public inspection and will provide the information for review by anyone upon request.”

Filing and Contact Details

Filer

Filer Name
Capstone Education Group Inc
EIN
45-4885204
Phone
9012614384
Address
PO BOX 22569, MEMPHIS, TN 38122-0569

Signing Officer

Name
Drew Sippel
Title
Executive Director
Phone
9012614384
Signed
2026-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Drew Sippel
Formed
2012
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
269
Volunteers
125

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed the oversight process for the audited financial statements or the selection process of the independent auditors from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america requires management of the school to evaluate tax positions taken by the school and recognize a tax liability (or asset) if the school has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The school has analyzed the tax positions taken by the school and has concluded that as of june 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The school is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. The school believes that it is no longer subject to income tax examinations for years prior to 2022.”

Raw XML AppendixShowing 400 of 516 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/ActivityOrMissionDesc0EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF ACADEMIC OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF SCHOOLS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DEAN OF CULTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL CORNERSTONE PREP - LESTER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRINCIPAL CORNERSTONE PREP - DENVER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt019642563
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt021535365
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt079020
IRS990/InsuranceGrp/ProgramServicesAmt019755
IRS990/InsuranceGrp/TotalAmt098775
IRS990/InvestmentIncomeGrp/ExclusionAmt01008314
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01008314
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt063105
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0374922
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01848528
IRS990/LandBldgEquipCostOrOtherBssAmt01911633
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026675885
IRS990/NetAssetsOrFundBalancesEOYAmt029050205
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt026675885
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt029050205
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt070279
IRS990/OccupancyGrp/ProgramServicesAmt01335302
IRS990/OccupancyGrp/TotalAmt01405581
IRS990/OfficeExpensesGrp/ProgramServicesAmt0110718
IRS990/OfficeExpensesGrp/TotalAmt0110718
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03455651
IRS990/OtherAssetsTotalGrp/EOYAmt04216558
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0860124
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0875242
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3STUDENT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0154618
IRS990/OtherExpensesGrp/ProgramServicesAmt0872316
IRS990/OtherExpensesGrp/ProgramServicesAmt1438184
IRS990/OtherExpensesGrp/ProgramServicesAmt2354541
IRS990/OtherExpensesGrp/ProgramServicesAmt3326224
IRS990/OtherExpensesGrp/TotalAmt01026934
IRS990/OtherExpensesGrp/TotalAmt1438184
IRS990/OtherExpensesGrp/TotalAmt2354541
IRS990/OtherExpensesGrp/TotalAmt3326224
IRS990/OtherLiabilitiesGrp/BOYAmt0390590
IRS990/OtherLiabilitiesGrp/EOYAmt01010795
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019600
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01207234
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09046525
IRS990/OtherSalariesAndWagesGrp/TotalAmt010273359
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02050
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt096864
IRS990/PayrollTaxesGrp/ProgramServicesAmt0750855
IRS990/PayrollTaxesGrp/TotalAmt0849769
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0736825
IRS990/PensionPlanContributionsGrp/TotalAmt0736825
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025080
IRS990/PrincipalOfficerNm0DREW SIPPEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt022939817
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0904367
IRS990/PYOtherExpensesAmt04976511
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03519152
IRS990/PYSalariesCompEmpBnftPaidAmt015348521
IRS990/PYTotalExpensesAmt020325032
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023844184
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02374320
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014738108
IRS990/SavingsAndTempCashInvstGrp/EOYAmt014865717
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/BookValueAmt01500325
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06278
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01506603
IRS990ScheduleD/EquipmentGrp/BookValueAmt0180803
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056827
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0237630
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt019161045
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0167400
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0167400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01148836
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12256799
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2765033
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt345890
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TCRS STABILIZATION TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIGHT OF USE LEASE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0963377
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt147418
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021535365
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES THAT IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01848528
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04216558
IRS990ScheduleD/TotalExpensesPerForm990Amt019161045
IRS990ScheduleD/TotalLiabilityAmt01010795
IRS990ScheduleD/TotalRevenuePerForm990Amt021535365
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021535365
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019161045
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/ExplanationTxt0ALL MATERIALS RELATED TO SOLICITATION FOR STUDENTS, INCLUDING REGISTRATION MATERIALS, CLEARLY DESCRIBES THE SCHOOL'S NON-DISCRIMINATION POLICIES IN AN ATTEMPT TO INFORM THE ENTIRE COMMUNITY OF ITS NON-DISCRIMINATORY POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1RECEIVED GRANTS FROM THE TENNESSEE DEPARTMENT OF EDUCATION OF $16,825,276 AND U.S. DEPARTMENT OF EDUCATION GRANTS OF $2,817,288.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0257660
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1159095
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

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