Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2017 • EIN 46-0693776

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 27, 2018

Organization ProfileWWW.PURPOSEPREP.ORG
220 Venture CircleNashville, TN 37228

(615) 724-0705

Siviq Scores

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

Liabilities / Assets

89th percentile

0.83x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.04x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

63rd percentile

8.2%

Higher net margin than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

316%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

33%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$4,582,176

Up $3,481,949 (+316%) from 2016

Net Assets

Up

$766,433

Up $299,618 (+64%) from 2016

Liabilities

Up

$3,815,743

Up $3,182,331 (+502%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin63rd percentile

Revenue

Up

$3,660,537

Up $915,724 (+33%) from 2016

Expenses

Up

$3,360,919

Up $790,999 (+31%) from 2016

Net Income

Up

$299,618

Up $124,725 (+71%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0Assets 2013: $173,532Liabilities 2013: $6,243Net Assets 2013: $167,2892013Assets 2014: $661,792Liabilities 2014: $527,348Net Assets 2014: $134,4442014Assets 2015: $881,706Liabilities 2015: $589,785Net Assets 2015: $291,9212015Assets 2016: $1,100,227Liabilities 2016: $633,412Net Assets 2016: $466,8152016Assets 2017: $4,582,176Liabilities 2017: $3,815,743Net Assets 2017: $766,4332017Assets 2018: $5,237,042Liabilities 2018: $4,271,970Net Assets 2018: $965,0722018Assets 2019: $5,427,192Liabilities 2019: $4,033,886Net Assets 2019: $1,393,3062019Assets 2020: $6,780,437Liabilities 2020: $4,892,120Net Assets 2020: $1,888,3172020Assets 2021: $8,996,709Liabilities 2021: $5,103,591Net Assets 2021: $3,893,1182021Assets 2022: $10,740,534Liabilities 2022: $4,682,678Net Assets 2022: $6,057,8562022Assets 2023: $10,483,673Liabilities 2023: $3,512,436Net Assets 2023: $6,971,2372023Assets 2024: $11,684,623Liabilities 2024: $3,972,467Net Assets 2024: $7,712,1562024

Highlighted filing

2017

Assets$4,582,176
Liabilities$3,815,743
Net Assets$766,433
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

$10M$5.0M$0-$5.0MExpenses 2013: $162,9262013Revenue 2014: $1,359,114Expenses 2014: $1,391,959Net Income 2014: -$32,8452014Revenue 2015: $2,070,275Expenses 2015: $1,813,010Net Income 2015: $257,2652015Revenue 2016: $2,744,813Expenses 2016: $2,569,920Net Income 2016: $174,8932016Revenue 2017: $3,660,537Expenses 2017: $3,360,919Net Income 2017: $299,6182017Revenue 2018: $4,335,910Expenses 2018: $4,137,271Net Income 2018: $198,6392018Revenue 2019: $4,776,215Expenses 2019: $4,347,981Net Income 2019: $428,2342019Revenue 2020: $4,804,689Expenses 2020: $4,309,678Net Income 2020: $495,0112020Revenue 2021: $6,201,971Expenses 2021: $4,197,169Net Income 2021: $2,004,8022021Revenue 2022: $7,881,900Expenses 2022: $5,717,162Net Income 2022: $2,164,7382022Revenue 2023: $8,192,648Expenses 2023: $7,279,267Net Income 2023: $913,3812023Revenue 2024: $8,238,656Expenses 2024: $7,497,737Net Income 2024: $740,9192024

Highlighted filing

2017

Revenue$3,660,537
Expenses$3,360,919
Net Income$299,618
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 27, 2018
Return Version
2016v3.0
Gross Receipts
$3,748,052
Mission and Program Overview

Mission

Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all kindergarten through grade four students achieve the academic skills, knowledge, and ethical foundation to be set on the path to college.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$398,633$3,232,371▲ $2,833,738
Cash and Non-Interest-Bearing Accounts$446,044$911,854▲ $465,810
Rtn Earn Endowment Incm Other Fnds$466,815$766,433▲ $299,618
Accounts Receivable$66,398$197,975▲ $131,577
Prepaid Expenses and Deferred Charges$150,472$158,436▲ $7,964
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,100,227$4,582,176▲ $3,481,949
Other Assets Total$38,680$81,540▲ $42,860
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,629,813-
Accounts Payable and Accrued Expenses$100,894$970,814▲ $869,920
Deferred Revenue$437,468$163,250▼ $274,218
Other Liabilities$95,050$51,866▼ $43,184
Total Liabilities$633,412$3,815,743▲ $3,182,331
Net Assets / Fund Balance
Total Net Assets Fund Balance$466,815$766,433▲ $299,618
Total Liabilities and Net Assets / Fund Balance$1,100,227$4,582,176▲ $3,481,949

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,416,046-$1,416,046
Land$860,000-$860,000
Buildings$761,692$8,955$770,647
Leasehold Improvements$121,495$396,921$518,416
Equipment$73,138$97,401$170,539
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Perry GoochChair
Vince DurnanVice Chair
Ashley NorthingtonDirector
Charlane OliverDirector
Ginny PopeDirector
Janna SmithDirector
Ryann CaseyDirector
Sally NortonDirector
Will JacksonDirector
Charlandra WatsonSecretary
Eric RubinsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,734,978
Program Service Revenue
$0
Investment Income
$-87,257
Other Revenue
$12,816
All Other Contributions
$385,508
Change in Net Assets
$299,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,660,537
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$87,515
Total Revenue per Audited Statements
$3,748,052
Total Revenue per Form 990
$3,660,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,848,588
Other Expenses$1,512,331
Total Fundraising Expense$28,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,079,554$272,352-$1,351,906
Depreciation Depletion$162,764$28,723-$191,487
Other Employee Benefits$139,224$47,158-$186,382
Travel$167,845--$167,845
Occupancy$134,605$31,701-$166,306
Fees for Services Other$99,302$52,697-$151,999
Pension Plan Contributions$83,041$28,127-$111,168
Payroll Taxes$79,048$26,775-$105,823
Current Officers, Directors, Trustees, and Key Employees-$93,309-$93,309
Other Expenses$77,704$86,213-$77,704
Fees for Service Investment Mgmnt Fees-$63,600-$63,600
Office Expenses-$58,810-$58,810
Interest-$48,664-$48,664
Insurance-$43,105-$43,105
All Other Expenses$9,619-$28,362$37,981
Fees for Services Accounting-$14,500-$14,500
Advertising-$1,400-$1,400
Total Functional Expenses$2,435,423$897,134$28,362$3,360,919

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,448,434
Expenses per Audited Statements$3,360,919
Total Expenses per Form 990$3,360,919
Expenses Not Reported on Form 990$87,515
Expenses Not Reported on Financial Statements$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
Net Pension Liability$51,866
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 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, Part VI, Section B, Line 11B

“Form 990 is prepared and reviewed by purpose preparatory academy's back-office financial provider. It is then given to purpose preparatory's executive director and the finance committee for review and approval. All other board members may obtain a copy for review upon request.”

Form 990, Part VI, Section C, Line 19

“Purpose preparatory academy's governing documents, conflict of interest policy, and financial statements are available upon request of the director of finance, noted on the state's website, and are provided to staff. Specific governance documents may not be available to the general public and are reviewed on an as needed basis.”

Filing and Contact Details

Filer

Filer Name
Purpose Preparatory Academy Inc
EIN
46-0693776
Phone
6157240705
Address
220 VENTURE CIRCLE, NASHVILLE, TN 37228

Signing Officer

Name
Lagra Newman
Title
Founder
Phone
6157240705
Signed
2018-04-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
45
Volunteers
200

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Rodney C Brower
Phone
6153205500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all kindergarten through grade four students achieve the academic skills, knowledge, and ethical foundation to be set on the path to college.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of building 87,515.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of building 87,515.”

Raw XML AppendixShowing 400 of 461 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0100894
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0970814
IRS990/AccountsReceivableGrp/BOYAmt066398
IRS990/AccountsReceivableGrp/EOYAmt0197975
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01400
IRS990/AdvertisingGrp/TotalAmt01400
IRS990/AllOtherContributionsAmt0385508
IRS990/AllOtherExpensesGrp/FundraisingAmt028362
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09619
IRS990/AllOtherExpensesGrp/TotalAmt037981
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0EDTEC INC
IRS990/BooksInCareOfDetail/PhoneNum06157635950
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0209 10TH AVENUE S SUITE 416
IRS990/BooksInCareOfDetail/USAddress/CityNm0NASHVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037203
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0446044
IRS990/CashNonInterestBearingGrp/EOYAmt0911854
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt093309
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt093309
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03734978
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-87257
IRS990/CYOtherExpensesAmt01512331
IRS990/CYOtherRevenueAmt012816
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0299618
IRS990/CYSalariesCompEmpBnftPaidAmt01848588
IRS990/CYTotalExpensesAmt03360919
IRS990/CYTotalFundraisingExpenseAmt028362
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03660537
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0437468
IRS990/DeferredRevenueGrp/EOYAmt0163250
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt028723
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0162764
IRS990/DepreciationDepletionGrp/TotalAmt0191487
IRS990/Desc0PURPOSE PREP PROVIDES AN ACADEMICALLY CHALLENGING, DISCIPLINED, AND JOYFUL ELEMENTARY SCHOOL TO CHILDREN OF NASHVILLE. WITH AN INTENSIVE FOCUS ON THE ACQUISITION OF ESSENTIAL LITERACY SKILLS, PURPOSE PREP PROVIDES TARGETED AND RIGOROUS INSTRUCTION IN EACH CORE SUBJECT TO MEET THE ACADEMIC NEEDS OF EVERY SCHOLAR. PURPOSE PREP HOLDS SCHOLARS ACCOUNTABLE FOR DEMONSTRATING EXCELLENT BEHAVIOR BY TEACHING THEM THE CHARACTER SKILLS NECESSARY FOR THEIR SUCCESS, SPECIFICALLY THE SCHOOL'S RISE WITH PURPOSE VALUES - PURPOSE, RESPECT, INTEGRITY, SELF-DETERMINATION, AND EXCELLENCE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt045
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02435423
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014500
IRS990/FeesForServicesAccountingGrp/TotalAmt014500
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt052697
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt099302
IRS990/FeesForServicesOtherGrp/TotalAmt0151999
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt063600
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt063600
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0GINNY POPE
IRS990/Form990PartVIISectionAGrp/PersonNm1PERRY GOOCH
IRS990/Form990PartVIISectionAGrp/PersonNm2ASHLEY NORTHINGTON
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIC RUBINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLANDRA WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm5VINCE DURNAN
IRS990/Form990PartVIISectionAGrp/PersonNm6WILL JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JANNA SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm8RYANN CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm9SALLY NORTON
IRS990/Form990PartVIISectionAGrp/PersonNm10CHARLANE OLIVER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-87515
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt03349470
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03748052
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt043105
IRS990/InsuranceGrp/TotalAmt043105
IRS990/InterestGrp/ManagementAndGeneralAmt048664
IRS990/InterestGrp/TotalAmt048664
IRS990/InvestmentIncomeGrp/ExclusionAmt0258
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0258
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0503277
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0398633
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03232371
IRS990/LandBldgEquipCostOrOtherBssAmt03735648
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt087515
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02629813
IRS990/NetAssetsOrFundBalancesBOYAmt0466815
IRS990/NetAssetsOrFundBalancesEOYAmt0766433
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-87515
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-87515
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt031701
IRS990/OccupancyGrp/ProgramServicesAmt0134605
IRS990/OccupancyGrp/TotalAmt0166306
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt058810
IRS990/OfficeExpensesGrp/TotalAmt058810
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt038680
IRS990/OtherAssetsTotalGrp/EOYAmt081540
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt047158
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0139224
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0186382
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt086213
IRS990/OtherExpensesGrp/ProgramServicesAmt0312418
IRS990/OtherExpensesGrp/ProgramServicesAmt190299
IRS990/OtherExpensesGrp/ProgramServicesAmt277704
IRS990/OtherExpensesGrp/TotalAmt0312418
IRS990/OtherExpensesGrp/TotalAmt190299
IRS990/OtherExpensesGrp/TotalAmt286213
IRS990/OtherExpensesGrp/TotalAmt377704
IRS990/OtherLiabilitiesGrp/BOYAmt095050
IRS990/OtherLiabilitiesGrp/EOYAmt051866
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012816
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012816
IRS990/OtherRevenueTotalAmt012816
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0272352
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01079554
IRS990/OtherSalariesAndWagesGrp/TotalAmt01351906
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026775
IRS990/PayrollTaxesGrp/ProgramServicesAmt079048
IRS990/PayrollTaxesGrp/TotalAmt0105823
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt028127
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt083041
IRS990/PensionPlanContributionsGrp/TotalAmt0111168
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0150472
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0158436
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02736377
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0198
IRS990/PYOtherExpensesAmt01229710
IRS990/PYOtherRevenueAmt08238
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0174893
IRS990/PYSalariesCompEmpBnftPaidAmt01340210
IRS990/PYTotalExpensesAmt02569920
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02744813
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0299618
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0466815
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0766433
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0761692
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08955
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0770647
IRS990ScheduleD/EquipmentGrp/BookValueAmt073138
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097401
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170539
IRS990ScheduleD/ExpensesNotReportedAmt087515
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03360919
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0121495
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0396921
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherExpensesIncludedAmt087515
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01416046
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01416046
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051866
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherRevenueAmt087515
IRS990ScheduleD/RevenueNotReportedAmt087515
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03660537
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON SALE OF BUILDING 87,515.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF BUILDING 87,515.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03232371
IRS990ScheduleD/TotalExpensesPerForm990Amt03360919
IRS990ScheduleD/TotalLiabilityAmt051866
IRS990ScheduleD/TotalRevenuePerForm990Amt03660537
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03748052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03448434
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PURPOSE PREPARATORY UTILIZES THE PUBLIC LOTTERY SYSTEM AND CORRESPONDING MARKETING EFFORTS THROUGH THE SCHOOL DISTRICT, WHICH ENSURES OUR RACIALLY NONDISCRIMINATORY POLICIES FOR REGISTRATION AND ENROLLMENT ARE PUBLICIZED THROUGHOUT THE CITY/DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO FINANCIAL ASSISTANCE OR SCHOLARSHIPS AWARDED. PURPOSE PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL WITH NO TUITION REQUIREMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS A PUBLIC, TUITION-FREE CHARTER SCHOOL AND RECEIVES FUNDS PER PUPIL FROM THE STATE OF TENNESSEE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, PURPOSE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL KINDERGARTEN THROUGH GRADE FOUR STUDENTS ACHIEVE THE ACADEMIC SKILLS, KNOWLEDGE, AND ETHICAL FOUNDATION TO BE SET ON THE PATH TO COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED AND REVIEWED BY PURPOSE PREPARATORY ACADEMY'S BACK-OFFICE FINANCIAL PROVIDER. IT IS THEN GIVEN TO PURPOSE PREPARATORY'S EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ALL OTHER BOARD MEMBERS MAY OBTAIN A COPY FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURPOSE PREPARATORY ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OF THE DIRECTOR OF FINANCE, NOTED ON THE STATE'S WEBSITE, AND ARE PROVIDED TO STAFF. SPECIFIC GOVERNANCE DOCUMENTS MAY NOT BE AVAILABLE TO THE GENERAL PUBLIC AND ARE REVIEWED ON AN AS NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01100227
IRS990/TotalAssetsEOYAmt04582176
IRS990/TotalAssetsGrp/BOYAmt01100227
IRS990/TotalAssetsGrp/EOYAmt04582176
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03734978
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028362
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0897134
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02435423
IRS990/TotalFunctionalExpensesGrp/TotalAmt03360919
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0633412
IRS990/TotalLiabilitiesEOYAmt03815743
IRS990/TotalLiabilitiesGrp/BOYAmt0633412
IRS990/TotalLiabilitiesGrp/EOYAmt03815743

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,582,176
Liabilities
$3,815,743
Net assets
$766,433
Revenue
$3,660,537
Expenses
$3,360,919
Net income
$299,618
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$3.97$7.71$8.24$7.50$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$3.51$6.97$8.19$7.28$0.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$4.68$6.06$7.88$5.72$2.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.00$5.10$3.89$6.20$4.20$2.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$4.89$1.89$4.80$4.31$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.43$4.03$1.39$4.78$4.35$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$4.27$0.97$4.34$4.14$0.20
2017Detailed filing. Detailed filing data is available for this year.$4.58$3.82$0.77$3.66$3.36$0.30
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.63$0.47$2.74$2.57$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.59$0.29$2.07$1.81$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.53$0.13$1.36$1.39$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.17$0.16