Civic Intelligence

Leadership Preparatory Inc Leadership Prerparatory Charter School

990 • Fiscal year 2016 • EIN 46-4280290

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

4190 Elliston RoadMemphis, TN 38111

(901) 378-3917

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.05x

Higher debt load relative to assets than 53% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

26th percentile

-7.0%

Higher net margin than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$59,722

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

17th percentile

-9.3%

Faster asset growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

85th percentile

42%

Faster revenue growth than 85% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$462,691

Down $47,549 (-9.3%) from 2015

Net Assets

Down

$439,414

Down $63,141 (-13%) from 2015

Liabilities

Up

$23,277

Up $15,592 (+203%) from 2015

Revenue

Up

$897,877

Up $267,314 (+42%) from 2015

Expenses

Up

$961,018

Up $833,010 (+651%) from 2015

Net Income

Down

-$63,141

Down $565,696 (-113%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2015: $510,240Liabilities 2015: $7,685Net Assets 2015: $502,5552015Assets 2016: $462,691Liabilities 2016: $23,277Net Assets 2016: $439,4142016Assets 2017: $1,039,892Liabilities 2017: $460,999Net Assets 2017: $578,8932017Assets 2018: $1,405,943Liabilities 2018: $504,430Net Assets 2018: $901,5132018Assets 2019: $2,316,285Liabilities 2019: $899,699Net Assets 2019: $1,416,5862019Assets 2020: $3,175,425Liabilities 2020: $1,343,573Net Assets 2020: $1,831,8522020Assets 2021: $8,056,190Liabilities 2021: $5,606,219Net Assets 2021: $2,449,9712021Assets 2022: $4,918,537Liabilities 2022: $2,024,976Net Assets 2022: $2,893,5612022Assets 2023: $5,083,757Liabilities 2023: $1,314,701Net Assets 2023: $3,769,0562023

Highlighted filing

2016

Assets$462,691
Liabilities$23,277
Net Assets$439,414

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $630,563Expenses 2015: $128,008Net Income 2015: $502,5552015Revenue 2016: $897,877Expenses 2016: $961,018Net Income 2016: -$63,1412016Revenue 2017: $1,379,930Expenses 2017: $1,226,926Net Income 2017: $153,0042017Revenue 2018: $1,997,309Expenses 2018: $1,674,689Net Income 2018: $322,6202018Revenue 2019: $2,924,100Expenses 2019: $2,353,369Net Income 2019: $570,7312019Revenue 2020: $3,322,720Expenses 2020: $2,907,454Net Income 2020: $415,2662020Revenue 2021: $3,993,277Expenses 2021: $3,368,201Net Income 2021: $625,0762021Revenue 2022: $4,906,664Expenses 2022: $4,369,910Net Income 2022: $536,7542022Revenue 2023: $6,185,658Expenses 2023: $5,309,362Net Income 2023: $876,2962023

Highlighted filing

2016

Revenue$897,877
Expenses$961,018
Net Income-$63,141
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$897,877
Mission and Program Overview

Mission

Leadership preparatory charter school is an academically challenging, disciplined, supportive, and joyful school. Our mission is to provide k-8 students with the academic and character foundation necessary to excel in high school, graduate from college, and lead in their communities. Authorized by the shelby county board of education, leadership prep opened its doors to an inaugural class of 60 kindergarten students and 60 first grade students on august 10, 2015. Each year, we will grow by one grade until we reach our full capacity as a k-8 elementary and middle school in 2024.leadership prep is committed to providing a quality educational option in southeast memphis and eliminating the power of demographic bias on student achievement. Leadership prep will provide a rigorous and supportive educational option for elementary and middle school students. We will achieve our mission by ensuring every student receives the academic skills, knowledge, and strong character foundation necessary

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$505,294$325,269▼ $180,025
Land, Buildings, and Equipment, Net$0$88,779▲ $88,779
Prepaid Expenses and Deferred Charges$2,446$4,653▲ $2,207
Total Assets$510,240$462,691▼ $47,549
Other Assets Total$2,500$43,990▲ $41,490
Liabilities
Accounts Payable and Accrued Expenses$7,685$20,777▲ $13,092
Other Liabilities$0$2,500▲ $2,500
Total Liabilities$7,685$23,277▲ $15,592
Net Assets / Fund Balance
Unrestricted Net Assets$502,555$439,414▼ $63,141
Total Net Assets Fund Balance$502,555$439,414▼ $63,141
Total Liabilities and Net Assets / Fund Balance$510,240$462,691▼ $47,549

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$88,779$16,494$105,273
Other Assets Org$41,490--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Valissia AllenHead of SchoolFT$57,054$2,668$59,722

Board Members and Trustees

NameTitle
Don DrinkardChair of Facility Committee
J Van MenardChairman
Chris LazariniVice-chairman
Andrew RoneyBoard Member
Colby MitchellBoard Member
Justin RikardBoard Member
Karol HuikaiBoard Member
Paul StanleyBoard Member
Thomeka JordanBoard Member
Todd TaylorBoard Member
Ayoka PondSecretary
Matt SaengerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$881,144
Program Service Revenue
$0
Investment Income
$30
Other Revenue
$16,703
All Other Contributions
$822,544
Change in Net Assets
$-63,141

Audited Revenue Reconciliation

Revenue per Audited Statements
$897,877
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$630,563
Total Revenue per Audited Statements
$1,528,440
Total Revenue per Form 990
$897,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$545,882
Other Expenses$415,136
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$306,670$100,038-$406,708
Occupancy$104,744$18,484-$123,228
Current Officers, Directors, Trustees, and Key Employees-$71,462-$71,462
Fees for Services Accounting-$55,000-$55,000
All Other Expenses$36,661$18,099-$54,760
Payroll Taxes$20,181$20,364-$40,545
Office Expenses$22,675$6,955-$29,630
Other Employee Benefits$25,570$1,597-$27,167
Other Expenses$24,264--$24,264
Insurance$18,170$3,206-$21,376
Depreciation Depletion$14,020$2,474-$16,494
Total Functional Expenses$663,339$297,679$0$961,018

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,089,026
Expenses per Audited Statements$961,018
Total Expenses per Form 990$961,018
Expenses Not Reported on Form 990$128,008
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
Customer Deposits$2,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 11

The board finance committee must review the form prior to presentation to the entire board of directors.

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

Board of directors sign a contract obligating them to disclose conflicts. The governance committe regularly meets to vet and discuss possible conflicts.

Form 990, Part VI, Section B, Line 15A

Head of school's compensation was approved by the board of directors after reviewing salaries of organizations with similar structures.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available to the public though the organization's website.

Filing and Contact Details

Filer

Filer Name
Leadership Preparatory Charter School
EIN
46-4280290
Phone
9013783917
Address
4190 ELLISTON ROAD, MEMPHIS, TN 38111

Signing Officer

Name
J Van Menard
Title
Board Chair
Phone
9013783917
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Valissia Allen
Formed
2014
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
11
Volunteers
6

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Prior year revenue 630,563.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Prior year expense 128,008.

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/BOYAmt07685
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt020777
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LEADERSHIP PREPARATORY CHARTER SCHOOL IS AN ACADEMICALLY CHALLENGING, DISCIPLINED, SUPPORTIVE, AND JOYFUL SCHOOL. OUR MISSION IS TO PROVIDE K-8 STUDENTS WITH THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO EXCEL IN HIGH SCHOOL, GRADUATE FROM COLLEGE, AND LEAD IN THEIR COMMUNITIES. AUTHORIZED BY THE SHELBY COUNTY BOARD OF EDUCATION, LEADERSHIP PREP OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIRST GRADE STUDENTS ON AUGUST 10, 2015. EACH YEAR, WE WILL GROW BY ONE GRADE UNTIL WE REACH OUR FULL CAPACITY AS A K-8 ELEMENTARY AND MIDDLE SCHOOL IN 2024.LEADERSHIP PREP IS COMMITTED TO PROVIDING A QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS AND ELIMINATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. LEADERSHIP PREP WILL PROVIDE A RIGOROUS AND SUPPORTIVE EDUCATIONAL OPTION FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY
IRS990/AllOtherContributionsAmt0822544
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt018099
IRS990/AllOtherExpensesGrp/ProgramServicesAmt036661
IRS990/AllOtherExpensesGrp/TotalAmt054760
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
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/CashNonInterestBearingGrp/BOYAmt0505294
IRS990/CashNonInterestBearingGrp/EOYAmt0325269
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt071462
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt071462
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0881144
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt030
IRS990/CYOtherExpensesAmt0415136
IRS990/CYOtherRevenueAmt016703
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-63141
IRS990/CYSalariesCompEmpBnftPaidAmt0545882
IRS990/CYTotalExpensesAmt0961018
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0897877
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02474
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014020
IRS990/DepreciationDepletionGrp/TotalAmt016494
IRS990/Desc0LEADERSHIP PREP'S HEAD OF SCHOOL LEADS CRITICAL SCHOOL TASKS NECESSARY FOR CONTINUED SCHOOL GROWTH AND ACHIEVEMENT: CRITICAL PROJECTS SUPERVISED BY THE HEAD OF SCHOOL DURING THIS TIME INCLUDED THE FOLLOWING:1. INTERVIEWING AND HIRING NEW STAFF FOR UPCOMING SCHOOL YEAR. 2. LEADING STUDENT RECRUITMENT EFFORTS. 3. LEADING PARENT INFORMATION SESSIONS FOR FUTURE SCHOLARS.4. RESEARCHING, DRAFTING, AND ORDERING ALL CURRICULUM NEEDS FOR THE UPCOMING SCHOOL YEAR.5. DRAFTING SCHOOL POLICIES AND PROCEDURES.6. DRAFTING BOARD POLICIES AND PROCEDURES.7. MEETING WITH LOCAL AND NATIONAL FUNDING PARTNERS TO SECURE ADDITIONAL DONATIONS.8. LEADING EFFORTS TO PREPARE SCHOOL FOR UPCOMING SCHOOL YEAR - ORDERING FURNITURE, SUPPLIES, ETC.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt011
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0663339
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt055000
IRS990/FeesForServicesAccountingGrp/TotalAmt055000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/OtherCompensationAmt122668
IRS990/Form990PartVIISectionAGrp/PersonNm0J VAN MENARD
IRS990/Form990PartVIISectionAGrp/PersonNm1CHRIS LAZARINI
IRS990/Form990PartVIISectionAGrp/PersonNm2AYOKA POND
IRS990/Form990PartVIISectionAGrp/PersonNm3MATT SAENGER
IRS990/Form990PartVIISectionAGrp/PersonNm4DON DRINKARD
IRS990/Form990PartVIISectionAGrp/PersonNm5JUSTIN RIKARD
IRS990/Form990PartVIISectionAGrp/PersonNm6ANDREW RONEY
IRS990/Form990PartVIISectionAGrp/PersonNm7PAUL STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8TODD TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm9THOMEKA JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm10COLBY MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm11KAROL HUIKAI
IRS990/Form990PartVIISectionAGrp/PersonNm12VALISSIA ALLEN
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/ReportableCompFromOrgAmt1257054
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR OF FACILITY COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12HEAD OF SCHOOL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt058600
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0897877
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03206
IRS990/InsuranceGrp/ProgramServicesAmt018170
IRS990/InsuranceGrp/TotalAmt021376
IRS990/InvestmentIncomeGrp/ExclusionAmt030
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016494
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt088779
IRS990/LandBldgEquipCostOrOtherBssAmt0105273
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LEADERSHIP PREPARATORY CHARTER SCHOOL IS AN ACADEMICALLY CHALLENGING, DISCIPLINED, SUPPORTIVE, AND JOYFUL SCHOOL. OUR MISSION IS TO PROVIDE K-8 STUDENTS WITH THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO EXCEL IN HIGH SCHOOL, GRADUATE FROM COLLEGE, AND LEAD IN THEIR COMMUNITIES. AUTHORIZED BY THE SHELBY COUNTY BOARD OF EDUCATION, LEADERSHIP PREP OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIRST GRADE STUDENTS ON AUGUST 10, 2015. EACH YEAR, WE WILL GROW BY ONE GRADE UNTIL WE REACH OUR FULL CAPACITY AS A K-8 ELEMENTARY AND MIDDLE SCHOOL IN 2024.LEADERSHIP PREP IS COMMITTED TO PROVIDING A QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS AND ELIMINATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. LEADERSHIP PREP WILL PROVIDE A RIGOROUS AND SUPPORTIVE EDUCATIONAL OPTION FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0502555
IRS990/NetAssetsOrFundBalancesEOYAmt0439414
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018484
IRS990/OccupancyGrp/ProgramServicesAmt0104744
IRS990/OccupancyGrp/TotalAmt0123228
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06955
IRS990/OfficeExpensesGrp/ProgramServicesAmt022675
IRS990/OfficeExpensesGrp/TotalAmt029630
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02500
IRS990/OtherAssetsTotalGrp/EOYAmt043990
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01597
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt025570
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027167
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1EVALUATION & TESTING
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL SUPPLIES
IRS990/OtherExpensesGrp/Desc3RECRUITING
IRS990/OtherExpensesGrp/ProgramServicesAmt035528
IRS990/OtherExpensesGrp/ProgramServicesAmt130007
IRS990/OtherExpensesGrp/ProgramServicesAmt224849
IRS990/OtherExpensesGrp/ProgramServicesAmt324264
IRS990/OtherExpensesGrp/TotalAmt035528
IRS990/OtherExpensesGrp/TotalAmt130007
IRS990/OtherExpensesGrp/TotalAmt224849
IRS990/OtherExpensesGrp/TotalAmt324264
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02500
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/BusinessCd1611110
IRS990/OtherRevenueMiscGrp/Desc0A LA CARTE SALES
IRS990/OtherRevenueMiscGrp/Desc1UNIFORMS
IRS990/OtherRevenueMiscGrp/ExclusionAmt013110
IRS990/OtherRevenueMiscGrp/ExclusionAmt13593
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013110
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13593
IRS990/OtherRevenueTotalAmt016703
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100038
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0306670
IRS990/OtherSalariesAndWagesGrp/TotalAmt0406708
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020364
IRS990/PayrollTaxesGrp/ProgramServicesAmt020181
IRS990/PayrollTaxesGrp/TotalAmt040545
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02446
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04653
IRS990/PrincipalOfficerNm0VALISSIA ALLEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0VISION FOR THE NEXT FISCAL YEAR: LEADERSHIP PREP IS COMMITTED TO PROVIDING A QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS AND ELIMINATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. AUTHORIZED BY THE SHELBY COUNTY BOARD OF EDUCATION, LEADERSHIP PREP OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIRST GRADE STUDENTS ON AUGUST 10, 2015. EACH YEAR, WE WILL GROW BY ONE GRADE UNTIL WE REACH OUR FULL CAPACITY AS A K-8 ELEMENTARY AND MIDDLE SCHOOL IN 2024. LEADERSHIP PREP WILL PROVIDE A RIGOROUS AND SUPPORTIVE EDUCATIONAL OPTION FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY TO SET THEM ON THE PATH TO COLLEGE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0630100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0463
IRS990/PYOtherExpensesAmt066475
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0502555
IRS990/PYSalariesCompEmpBnftPaidAmt061533
IRS990/PYTotalExpensesAmt0128008
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0630563
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-63141
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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/ExpensesNotReportedAmt0128008
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0961018
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt141490
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherExpensesIncludedAmt0128008
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt088779
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016494
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0105273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0630563
IRS990ScheduleD/RevenueNotReportedAmt0630563
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0897877
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PRIOR YEAR REVENUE 630,563.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PRIOR YEAR EXPENSE 128,008.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt088779
IRS990ScheduleD/TotalBookValueOtherAssetsAmt043990
IRS990ScheduleD/TotalExpensesPerForm990Amt0961018
IRS990ScheduleD/TotalLiabilityAmt02500
IRS990ScheduleD/TotalRevenuePerForm990Amt0897877
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01528440
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01089026
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0EACH STAFF MEMBER AND STUDENT GUARDIAN IS PROVIDED WITH A HANDBOOK THAT OUTLINES OUR NONDISCRIMINATORY POLICY. ADDITIONALLY, OUR NONDISCRIMINATORY POLICY IS LISTED ON OUR WEBSITE AND ALL JOB POSTING ANNOUNCEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THROUGH ITS CHARTER SCHOOLS PROGRAM (CSP), THE U.S. DEPARTMENT OF EDUCATION MAKES GRANTS DIRECTLY TO A STATE'S DEPARTMENT OF EDUCATION WHICH THEN SUBGRANTS THE FUNDS TO CHARTER SCHOOLS WITHIN ITS STATE. LEADERSHIP PREPARATORY CHARTER SCHOOL RECEIVED $27,000 IN CSP GRANTS DURING THIS FISCAL YEAR.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0HEAD OF SCHOOL COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEWING SALARIES OF ORGANIZATIONS WITH SIMILAR STRUCTURES.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD FINANCE COMMITTEE MUST REVIEW THE FORM PRIOR TO PRESENTATION TO THE ENTIRE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OF DIRECTORS SIGN A CONTRACT OBLIGATING THEM TO DISCLOSE CONFLICTS. THE GOVERNANCE COMMITTE REGULARLY MEETS TO VET AND DISCUSS POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEAD OF SCHOOL'S COMPENSATION WAS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEWING SALARIES OF ORGANIZATIONS WITH SIMILAR STRUCTURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THOUGH THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0510240
IRS990/TotalAssetsEOYAmt0462691
IRS990/TotalAssetsGrp/BOYAmt0510240
IRS990/TotalAssetsGrp/EOYAmt0462691
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0881144
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0297679
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0663339
IRS990/TotalFunctionalExpensesGrp/TotalAmt0961018
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07685

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings