Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2021 • EIN 46-0693776

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

82nd percentile

0.57x

Higher debt load relative to assets than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

0.82x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

76th percentile

32%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

47th percentile

$112,148

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

82nd percentile

33%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

29%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$8,996,709

Up $2,216,272 (+33%) from 2020

Net Assets

Up

$3,893,118

Up $2,004,801 (+106%) from 2020

Liabilities

Up

$5,103,591

Up $211,471 (+4.3%) from 2020

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin76th percentile

Revenue

Up

$6,201,971

Up $1,397,282 (+29%) from 2020

Expenses

Down

$4,197,169

Down $112,509 (-2.6%) from 2020

Net Income

Up

$2,004,802

Up $1,509,791 (+305%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth82nd 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

2021

Assets$8,996,709
Liabilities$5,103,591
Net Assets$3,893,118
Open 2021 Filing

Operations Trend

Revenue Growth68th 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

2021

Revenue$6,201,971
Expenses$4,197,169
Net Income$2,004,802
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$6,201,971
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,888,317$3,893,118▲ $2,004,801
Land, Buildings, and Equipment, Net$3,795,803$3,691,952▼ $103,851
Cash and Non-Interest-Bearing Accounts$1,829,803$3,142,643▲ $1,312,840
Accounts Receivable$715,771$507,646▼ $208,125
Prepaid Expenses and Deferred Charges$275,896$474,933▲ $199,037
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,780,437$8,996,709▲ $2,216,272
Other Assets Total$163,164$1,179,535▲ $1,016,371
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,917,959$3,294,523▼ $623,436
Deferred Revenue$189,053$1,310,181▲ $1,121,128
Grants Payable$495,000$330,000▼ $165,000
Other Liabilities$212,065$0▼ $212,065
Accounts Payable and Accrued Expenses$78,043$168,887▲ $90,844
Total Liabilities$4,892,120$5,103,591▲ $211,471
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,888,317$3,893,118▲ $2,004,801
Total Liabilities and Net Assets / Fund Balance$6,780,437$8,996,709▲ $2,216,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,821,007$317,241$3,138,248
Land$860,000-$860,000
Leasehold Improvements$0$518,416$518,416
Equipment$10,945$254,629$265,574
Other Assets Org$19,444--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lagra NewmanHead of SchoolFT$112,148$112,148

Board Members and Trustees

NameTitle
Charlandra WatsonChair
Ryann CaseyVice Chair
Domonique TownsendDirector
Dr Jerri HaynesDirector
Kathy NelsonDirector
Lara HenleyDirector
Lauren KingDirector
Matt HancockDirector
Perry GoochDirector
Rohit PadmanabhanDirector
Sally NortonDirector
Vince DurnanDirector
Charlane OliverSecretary
Dale MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,195,450
Program Service Revenue
$0
Investment Income
$5,380
Other Revenue
$1,141
All Other Contributions
$386,472
Change in Net Assets
$2,004,802

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,201,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,201,971
Total Revenue per Form 990
$6,201,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,879,464
Other Expenses$1,317,705
Total Fundraising Expense$38,455
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,622,922$624,638-$2,247,560
Other Employee Benefits$249,518$96,035-$345,553
Fees for Services Other$181,066$144,514-$325,580
Payroll Taxes$125,789$48,414-$174,203
Occupancy$45,211$122,672-$167,883
Interest-$133,298-$133,298
Current Officers, Directors, Trustees, and Key Employees-$112,148-$112,148
Depreciation Depletion$88,273$15,578-$103,851
Fees for Service Investment Mgmnt Fees-$71,750-$71,750
Office Expenses-$62,714-$62,714
Insurance-$33,477-$33,477
Other Expenses$23,790$142,500$38,455$23,790
All Other Expenses$19,055--$19,055
Fees for Services Accounting-$17,600-$17,600
Travel$3,150--$3,150
Total Functional Expenses$2,533,376$1,625,338$38,455$4,197,169

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,197,170
Total Expenses per Audited Statements$4,197,170
Total Expenses per Form 990$4,197,170
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
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
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
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
58
Volunteers
30

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Steven D Warren
Phone
6153205500
Raw XML AppendixShowing 400 of 481 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/BOYAmt078043
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0168887
IRS990/AccountsReceivableGrp/BOYAmt0715771
IRS990/AccountsReceivableGrp/EOYAmt0507646
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THROUGH 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.
IRS990/AllOtherContributionsAmt0386472
IRS990/AllOtherExpensesGrp/ProgramServicesAmt019055
IRS990/AllOtherExpensesGrp/TotalAmt019055
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/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01829803
IRS990/CashNonInterestBearingGrp/EOYAmt03142643
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0112148
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0112148
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06195450
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05380
IRS990/CYOtherExpensesAmt01317705
IRS990/CYOtherRevenueAmt01141
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt02004802
IRS990/CYSalariesCompEmpBnftPaidAmt02879464
IRS990/CYTotalExpensesAmt04197169
IRS990/CYTotalFundraisingExpenseAmt038455
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06201971
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0189053
IRS990/DeferredRevenueGrp/EOYAmt01310181
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt015578
IRS990/DepreciationDepletionGrp/ProgramServicesAmt088273
IRS990/DepreciationDepletionGrp/TotalAmt0103851
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/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt058
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02533376
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt017600
IRS990/FeesForServicesAccountingGrp/TotalAmt017600
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0144514
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0181066
IRS990/FeesForServicesOtherGrp/TotalAmt0325580
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt071750
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt071750
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/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
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/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLANDRA WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm1PERRY GOOCH
IRS990/Form990PartVIISectionAGrp/PersonNm2VINCE DURNAN
IRS990/Form990PartVIISectionAGrp/PersonNm3SALLY NORTON
IRS990/Form990PartVIISectionAGrp/PersonNm4MATT HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm5DR JERRI HAYNES
IRS990/Form990PartVIISectionAGrp/PersonNm6LARA HENLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7LAUREN KING
IRS990/Form990PartVIISectionAGrp/PersonNm8KATHY NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm9ROHIT PADMANABHAN
IRS990/Form990PartVIISectionAGrp/PersonNm10DOMONIQUE TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm11CHARLANE OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm12DALE MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm13RYANN CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm14LAGRA NEWMAN
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/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14112148
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/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt05808978
IRS990/GrantsPayableGrp/BOYAmt0495000
IRS990/GrantsPayableGrp/EOYAmt0330000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt06201971
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt033477
IRS990/InsuranceGrp/TotalAmt033477
IRS990/InterestGrp/ManagementAndGeneralAmt0133298
IRS990/InterestGrp/TotalAmt0133298
IRS990/InvestmentIncomeGrp/ExclusionAmt05380
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05380
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01090286
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03795803
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03691952
IRS990/LandBldgEquipCostOrOtherBssAmt04782238
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THROUGH 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03917959
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03294523
IRS990/NetAssetsOrFundBalancesBOYAmt01888317
IRS990/NetAssetsOrFundBalancesEOYAmt03893118
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0122672
IRS990/OccupancyGrp/ProgramServicesAmt045211
IRS990/OccupancyGrp/TotalAmt0167883
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt062714
IRS990/OfficeExpensesGrp/TotalAmt062714
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0163164
IRS990/OtherAssetsTotalGrp/EOYAmt01179535
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt096035
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0249518
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0345553
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2ORGANIZATIONAL DEVELOPM
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt038455
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0142500
IRS990/OtherExpensesGrp/ProgramServicesAmt0164612
IRS990/OtherExpensesGrp/ProgramServicesAmt12515
IRS990/OtherExpensesGrp/ProgramServicesAmt27475
IRS990/OtherExpensesGrp/ProgramServicesAmt323790
IRS990/OtherExpensesGrp/TotalAmt0164612
IRS990/OtherExpensesGrp/TotalAmt1145015
IRS990/OtherExpensesGrp/TotalAmt245930
IRS990/OtherExpensesGrp/TotalAmt323790
IRS990/OtherLiabilitiesGrp/BOYAmt0212065
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01141
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01141
IRS990/OtherRevenueTotalAmt01141
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0624638
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01622922
IRS990/OtherSalariesAndWagesGrp/TotalAmt02247560
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048414
IRS990/PayrollTaxesGrp/ProgramServicesAmt0125789
IRS990/PayrollTaxesGrp/TotalAmt0174203
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0275896
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0474933
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04766462
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019809
IRS990/PYOtherExpensesAmt01644810
IRS990/PYOtherRevenueAmt018418
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0495010
IRS990/PYSalariesCompEmpBnftPaidAmt02664869
IRS990/PYTotalExpensesAmt04309679
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04804689
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02004802
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01888317
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03893118
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/BookValueAmt02821007
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0317241
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03138248
IRS990ScheduleD/EquipmentGrp/BookValueAmt010945
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0254629
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0265574
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04197170
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0518416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01081667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt178424
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219444
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TCRS STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER CURRENT ASSETS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06201971
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03691952
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01179535
IRS990ScheduleD/TotalExpensesPerForm990Amt04197170
IRS990ScheduleD/TotalRevenuePerForm990Amt06201971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06201971
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04197170
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/ExplanationTxt0FORM 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/ExplanationTxt1PURPOSE 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 VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00

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
$8,996,709
Liabilities
$5,103,591
Net assets
$3,893,118
Revenue
$6,201,971
Expenses
$4,197,169
Net income
$2,004,802
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
2021Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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