Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2023 • EIN 46-0693776

Jul 01, 2022 to Jun 30, 2023 • Filed on May 23, 2024

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

65th percentile

0.34x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.43x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$112,271

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

21st percentile

-2.4%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

47th percentile

3.9%

Faster revenue growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets65th percentile

Assets

Down

$10,483,673

Down $256,861 (-2.4%) from 2022

Net Assets

Up

$6,971,237

Up $913,381 (+15%) from 2022

Liabilities

Down

$3,512,436

Down $1,170,242 (-25%) from 2022

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin65th percentile

Revenue

Up

$8,192,648

Up $310,748 (+3.9%) from 2022

Expenses

Up

$7,279,267

Up $1,562,105 (+27%) from 2022

Net Income

Down

$913,381

Down $1,251,357 (-58%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st 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

2023

Assets$10,483,673
Liabilities$3,512,436
Net Assets$6,971,237
Open 2023 Filing

Operations Trend

Revenue Growth47th 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

2023

Revenue$8,192,648
Expenses$7,279,267
Net Income$913,381
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 23, 2024
Return Version
2022v5.0
Gross Receipts
$8,192,648
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.

Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all knodergarten through grade five 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$6,057,856$6,971,237▲ $913,381
Cash and Non-Interest-Bearing Accounts$3,088,579$5,140,930▲ $2,052,351
Land, Buildings, and Equipment, Net$3,647,648$3,834,682▲ $187,034
Prepaid Expenses and Deferred Charges$714,150$722,901▲ $8,751
Accounts Receivable$2,449,534$573,135▼ $1,876,399
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$10,740,534$10,483,673▼ $256,861
Other Assets Total$840,623$212,025▼ $628,598
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,165,742$3,017,912▼ $147,830
Deferred Revenue$935,331$0▼ $935,331
Other Liabilities$0$200,596▲ $200,596
Accounts Payable and Accrued Expenses$301,605$178,928▼ $122,677
Grants Payable$280,000$115,000▼ $165,000
Total Liabilities$4,682,678$3,512,436▼ $1,170,242
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,057,856$6,971,237▲ $913,381
Total Liabilities and Net Assets / Fund Balance$10,740,534$10,483,673▼ $256,861

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,775,239$484,415$3,259,654
Land$860,000-$860,000
Leasehold Improvements$64,116$532,809$596,925
Equipment$101,570$214,301$315,871
Other Land Buildings$33,757$115,021$148,778
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shauna RussellDirector of AcademicsFT$100,072$12,199$112,271

Board Members and Trustees

NameTitle
Charlandra WatsonChair
Ryann CaseyVice Chair
Domonique TownsendDirector
Kathy NelsonDirector
Lara HenleyDirector
Matt HancockDirector
Perry GoochDirector
Rohit PadmanabhanDirector
Sally NortonDirector
Amy BrownSecretary
Dale MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,061,499
Program Service Revenue
$0
Investment Income
$106,380
Other Revenue
$24,769
All Other Contributions
$1,159,394
Change in Net Assets
$913,381

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,192,648
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,192,648
Total Revenue per Form 990
$8,192,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,900,406
Other Expenses$3,378,861
Total Fundraising Expense$92,524
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,955,402$1,015,028-$2,970,430
Fees for Services Management$696,104$370,141-$1,066,245
Other Employee Benefits$217,473$128,943-$346,416
Travel$296,032--$296,032
Occupancy$118,281$170,699-$288,980
Payroll Taxes$145,845$86,472-$232,317
Pension Plan Contributions$129,881$77,008-$206,889
Depreciation Depletion$132,336$23,354-$155,690
Current Officers, Directors, Trustees, and Key Employees-$144,354-$144,354
Other Expenses$41,952$336,822$92,524$134,476
All Other Expenses$115,620--$115,620
Office Expenses-$110,006-$110,006
Interest-$95,107-$95,107
Insurance-$58,498-$58,498
Total Functional Expenses$4,570,311$2,616,432$92,524$7,279,267

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,279,267
Total Expenses per Audited Statements$7,279,267
Total Expenses per Form 990$7,279,267
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
Pension Payable$106,139
Net Pension Liability$94,457
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
2024-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
77
Volunteers
30

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 201, NASHVILLE, TN 37215
Preparer
Rodney C Brower
Phone
6153205500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The school added a summer school program to its academic program service activity.”

Raw XML AppendixShowing 400 of 457 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/BOYAmt0301605
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0178928
IRS990/AccountsReceivableGrp/BOYAmt02449534
IRS990/AccountsReceivableGrp/EOYAmt0573135
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, PURPOSE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL KNODERGARTEN THROUGH GRADE FIVE STUDENTS ACHIEVE THE ACADEMIC SKILLS, KNOWLEDGE, AND ETHICAL FOUNDATION TO BE SET ON THE PATH TO COLLEGE.
IRS990/AllOtherContributionsAmt01159394
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0115620
IRS990/AllOtherExpensesGrp/TotalAmt0115620
IRS990/AnnualDisclosureCoveredPrsnInd01
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/BOYAmt03088579
IRS990/CashNonInterestBearingGrp/EOYAmt05140930
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0144354
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0144354
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt08061499
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0106380
IRS990/CYOtherExpensesAmt03378861
IRS990/CYOtherRevenueAmt024769
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0913381
IRS990/CYSalariesCompEmpBnftPaidAmt03900406
IRS990/CYTotalExpensesAmt07279267
IRS990/CYTotalFundraisingExpenseAmt092524
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt08192648
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0935331
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt023354
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0132336
IRS990/DepreciationDepletionGrp/TotalAmt0155690
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/EmployeeCnt077
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04570311
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0370141
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0696104
IRS990/FeesForServicesManagementGrp/TotalAmt01066245
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/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
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/OtherCompensationAmt1112199
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLANDRA WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm1PERRY GOOCH
IRS990/Form990PartVIISectionAGrp/PersonNm2SALLY NORTON
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm4LARA HENLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5KATHY NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm6ROHIT PADMANABHAN
IRS990/Form990PartVIISectionAGrp/PersonNm7DOMONIQUE TOWNSEND
IRS990/Form990PartVIISectionAGrp/PersonNm8AMY BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm9DALE MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm10RYANN CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm11SHAUNA RUSSELL
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/ReportableCompFromOrgAmt11100072
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/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR OF ACADEMICS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt06902105
IRS990/GrantsPayableGrp/BOYAmt0280000
IRS990/GrantsPayableGrp/EOYAmt0115000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08192648
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt058498
IRS990/InsuranceGrp/TotalAmt058498
IRS990/InterestGrp/ManagementAndGeneralAmt095107
IRS990/InterestGrp/TotalAmt095107
IRS990/InvestmentIncomeGrp/ExclusionAmt0106380
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106380
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01346546
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03647648
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03834682
IRS990/LandBldgEquipCostOrOtherBssAmt05181228
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/BOYAmt03165742
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03017912
IRS990/NetAssetsOrFundBalancesBOYAmt06057856
IRS990/NetAssetsOrFundBalancesEOYAmt06971237
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0170699
IRS990/OccupancyGrp/ProgramServicesAmt0118281
IRS990/OccupancyGrp/TotalAmt0288980
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0110006
IRS990/OfficeExpensesGrp/TotalAmt0110006
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0840623
IRS990/OtherAssetsTotalGrp/EOYAmt0212025
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0128943
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0217473
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0346416
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3ORGANIZATIONAL DEVELOPM
IRS990/OtherExpensesGrp/FundraisingAmt092524
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0336822
IRS990/OtherExpensesGrp/ProgramServicesAmt0479294
IRS990/OtherExpensesGrp/ProgramServicesAmt112070
IRS990/OtherExpensesGrp/ProgramServicesAmt2230021
IRS990/OtherExpensesGrp/ProgramServicesAmt341952
IRS990/OtherExpensesGrp/TotalAmt0479294
IRS990/OtherExpensesGrp/TotalAmt1348892
IRS990/OtherExpensesGrp/TotalAmt2230021
IRS990/OtherExpensesGrp/TotalAmt3134476
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0200596
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024769
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024769
IRS990/OtherRevenueTotalAmt024769
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01015028
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01955402
IRS990/OtherSalariesAndWagesGrp/TotalAmt02970430
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt086472
IRS990/PayrollTaxesGrp/ProgramServicesAmt0145845
IRS990/PayrollTaxesGrp/TotalAmt0232317
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt077008
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0129881
IRS990/PensionPlanContributionsGrp/TotalAmt0206889
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0714150
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0722901
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07866904
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06757
IRS990/PYOtherExpensesAmt02599922
IRS990/PYOtherRevenueAmt08239
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02164738
IRS990/PYSalariesCompEmpBnftPaidAmt03117240
IRS990/PYTotalExpensesAmt05717162
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07881900
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0913381
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06057856
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06971237
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/BookValueAmt02775239
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0484415
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03259654
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101570
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0214301
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0315871
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07279267
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt064116
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0532809
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0596925
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033757
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0115021
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0148778
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt094457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08192648
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03834682
IRS990ScheduleD/TotalExpensesPerForm990Amt07279267
IRS990ScheduleD/TotalLiabilityAmt0200596
IRS990ScheduleD/TotalRevenuePerForm990Amt08192648
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08192648
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07279267
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/ExplanationTxt0THE SCHOOL ADDED A SUMMER SCHOOL PROGRAM TO ITS ACADEMIC PROGRAM SERVICE ACTIVITY.
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 III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010740534
IRS990/TotalAssetsEOYAmt010483673
IRS990/TotalAssetsGrp/BOYAmt010740534
IRS990/TotalAssetsGrp/EOYAmt010483673
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08061499
IRS990/TotalEmployeeCnt077
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt092524
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02616432
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04570311
IRS990/TotalFunctionalExpensesGrp/TotalAmt07279267
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04682678
IRS990/TotalLiabilitiesEOYAmt03512436
IRS990/TotalLiabilitiesGrp/BOYAmt04682678
IRS990/TotalLiabilitiesGrp/EOYAmt03512436
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06057856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06971237
IRS990/TotalOtherCompensationAmt012199

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,483,673
Liabilities
$3,512,436
Net assets
$6,971,237
Revenue
$8,192,648
Expenses
$7,279,267
Net income
$913,381
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
2023Detailed filing. Detailed filing data is available for this year.$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
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