Civic Intelligence

Memphis Delta Preparatory Charter School Inc.

990 • Fiscal year 2019 • EIN 47-3485909

Jul 01, 2018 to Jun 30, 2019 • Filed on Dec 18, 2019

Organization ProfileWWW.MEMPHISDELTAPREP.ORG
1237 College StreetMemphis, TN 38106

(901) 251-1010

Siviq Scores

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

Liabilities / Assets

69th percentile

0.25x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

43rd percentile

0.06x

Higher debt load relative to revenue than 43% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

24th percentile

-7.0%

Higher net margin than 24% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

57th percentile

$76,833

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

5th percentile

-26%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

40th percentile

0.4%

Faster revenue growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$921,983

Down $323,541 (-26%) from 2018

Net Assets

Down

$689,777

Down $276,021 (-29%) from 2018

Liabilities

Down

$232,206

Down $47,520 (-17%) from 2018

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin24th percentile

Revenue

Up

$3,811,069

Up $14,913 (+0.4%) from 2018

Expenses

Up

$4,078,772

Up $330,722 (+8.8%) from 2018

Net Income

Down

-$267,703

Down $315,809 (-656%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $329,298Liabilities 2016: $4,541Net Assets 2016: $324,7572016Assets 2017: $990,053Liabilities 2017: $141,135Net Assets 2017: $848,9182017Assets 2018: $1,245,524Liabilities 2018: $279,726Net Assets 2018: $965,7982018Assets 2019: $921,983Liabilities 2019: $232,206Net Assets 2019: $689,7772019Assets 2020: $1,716,803Liabilities 2020: $1,192,437Net Assets 2020: $524,3662020Assets 2021: $2,682,732Liabilities 2021: $489,449Net Assets 2021: $2,193,2832021Assets 2022: $4,856,430Liabilities 2022: $2,841,558Net Assets 2022: $2,014,8722022Assets 2023: $3,623,009Liabilities 2023: $1,145,742Net Assets 2023: $2,477,2672023Assets 2024: $3,769,906Liabilities 2024: $961,089Net Assets 2024: $2,808,8172024Assets 2025: $3,249,833Liabilities 2025: $856,436Net Assets 2025: $2,393,3972025

Highlighted filing

2019

Assets$921,983
Liabilities$232,206
Net Assets$689,777
Open 2019 Filing

Operations Trend

Revenue Growth40th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $586,198Expenses 2016: $261,441Net Income 2016: $324,7572016Revenue 2017: $3,223,831Expenses 2017: $2,753,068Net Income 2017: $470,7632017Revenue 2018: $3,796,156Expenses 2018: $3,748,050Net Income 2018: $48,1062018Revenue 2019: $3,811,069Expenses 2019: $4,078,772Net Income 2019: -$267,7032019Revenue 2020: $4,645,946Expenses 2020: $4,811,357Net Income 2020: -$165,4112020Revenue 2021: $5,792,923Expenses 2021: $4,693,346Net Income 2021: $1,099,5772021Revenue 2022: $5,650,290Expenses 2022: $5,748,477Net Income 2022: -$98,1872022Revenue 2023: $7,124,391Expenses 2023: $6,661,996Net Income 2023: $462,3952023Revenue 2024: $6,789,131Expenses 2024: $6,457,581Net Income 2024: $331,5502024Revenue 2025: $5,833,814Expenses 2025: $6,248,683Net Income 2025: -$414,8692025

Highlighted filing

2019

Revenue$3,811,069
Expenses$4,078,772
Net Income-$267,703
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Dec 18, 2019
Return Version
2018v3.1
Gross Receipts
$3,811,069
Mission and Program Overview

Mission

To support and grow productive well-rounded citizens who will succeed in college and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$501,716$393,972▼ $107,744
Land, Buildings, and Equipment, Net$224,311$177,007▼ $47,304
Accounts Receivable$287,180$87,250▼ $199,930
Total Assets$1,245,524$921,983▼ $323,541
Other Assets Total$232,317$263,754▲ $31,437
Liabilities
Accounts Payable and Accrued Expenses$188,874$151,328▼ $37,546
Other Liabilities$90,852$80,878▼ $9,974
Total Liabilities$279,726$232,206▼ $47,520
Net Assets / Fund Balance
Unrestricted Net Assets$741,487$512,770▼ $228,717
Temporarily Rstr Net Assets$224,311$177,007▼ $47,304
Total Net Assets Fund Balance$965,798$689,777▼ $276,021
Total Liabilities and Net Assets / Fund Balance$1,245,524$921,983▼ $323,541

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$73,336$155,221$228,557
Buildings$47,998$67,102$115,100
Other Land Buildings$55,673$16,681$72,354
Other Assets Org$157,131--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael MckennaExecutive DirectorFT$76,833$76,833
Caitlin Streit TeplickyChief Operating OfficerFT$73,909$73,909

Board Members and Trustees

NameTitle
Tate WilsonBoard Chair
Gib VestalMember
Gwendolyn BellMember
Matt HarrellMember
Paul DeanMember
Stanton BrownMember
Whitney HardyMember
Susie PhillipsParent Member
Gary PeeplesSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Preferred Meals SystemsFood ServicesPO BOX XXX-XX-XXXX, Chicago, IL 60674$205,064
Durham School ServicesTransportationPO BOX 841879, Dallas, TX 75284$131,514
Revenue and Support

Revenue Composition

Contributions and Grants
$3,811,069
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$156,580
Change in Net Assets
$-267,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,811,069
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,811,069
Total Revenue per Form 990
$3,811,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,393,582
Other Expenses$1,685,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,413,244$814,040-$2,227,284
All Other Expenses$61,588$173,135-$234,723
Other Expenses$12,542$169,758-$182,300
Current Officers, Directors, Trustees, and Key Employees$166,298--$166,298
Depreciation Depletion-$104,162-$104,162
Office Expenses-$22,517-$22,517
Total Functional Expenses$1,734,110$2,344,662$0$4,078,772

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,078,772
Total Expenses per Audited Statements$4,078,772
Total Expenses per Form 990$4,078,772
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 Related Costs$80,878
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The finance committee reviews the 990 and suggests any revisions before approving it to be filed.”

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

“If there is a conflict of interest, whether percieved or real, the board member will immediately inform the board and will abstain from voting. If a board member is found acting out of unethical interest, that member will be dismissed.”

Form 990, Part VI, Section B, Line 15

“While compensation is not approved by an independent person, the board reviews and approves compensation of key leadership personnel using comparability data.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Memphis Delta Preparatory Charter School
EIN
47-3485909
Phone
9012511010
Address
1237 COLLEGE STREET, MEMPHIS, TN 38106

Signing Officer

Name
Tate Wilson
Title
Board Chair
Phone
9012511010
Signed
2019-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tate Wilson
Formed
2015
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
65
Volunteers
75

Preparer

Firm
Squar Milner Llp
Address
3655 NOBEL DRIVE SUITE 300, SAN DIEGO, CA 92122
Preparer
Kathleen Schmidt
Phone
8585974100
Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-267703
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/BuildingsGrp/BookValueAmt047998
IRS990ScheduleD/BuildingsGrp/DepreciationAmt067102
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0115100
IRS990ScheduleD/EquipmentGrp/BookValueAmt073336
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0155221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0228557
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04078772
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020440
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt282909
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3157131
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER CURRENT ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3PENSION RELATED COSTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt055673
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016681
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080878
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PENSION RELATED COSTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03811069
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0177007
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0263754
IRS990ScheduleD/TotalExpensesPerForm990Amt04078772
IRS990ScheduleD/TotalLiabilityAmt080878
IRS990ScheduleD/TotalRevenuePerForm990Amt03811069
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03811069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04078772
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS, AND OUR CHARTER AS A PUBLIC SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE COMMITTEE REVIEWS THE 990 AND SUGGESTS ANY REVISIONS BEFORE APPROVING IT TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THERE IS A CONFLICT OF INTEREST, WHETHER PERCIEVED OR REAL, THE BOARD MEMBER WILL IMMEDIATELY INFORM THE BOARD AND WILL ABSTAIN FROM VOTING. IF A BOARD MEMBER IS FOUND ACTING OUT OF UNETHICAL INTEREST, THAT MEMBER WILL BE DISMISSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WHILE COMPENSATION IS NOT APPROVED BY AN INDEPENDENT PERSON, THE BOARD REVIEWS AND APPROVES COMPENSATION OF KEY LEADERSHIP PERSONNEL USING COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0224311
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0177007
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01245524
IRS990/TotalAssetsEOYAmt0921983
IRS990/TotalAssetsGrp/BOYAmt01245524
IRS990/TotalAssetsGrp/EOYAmt0921983
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03811069
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02344662
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01734110
IRS990/TotalFunctionalExpensesGrp/TotalAmt04078772
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0279726
IRS990/TotalLiabilitiesEOYAmt0232206
IRS990/TotalLiabilitiesGrp/BOYAmt0279726
IRS990/TotalLiabilitiesGrp/EOYAmt0232206
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0965798
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0689777
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01734110
IRS990/TotalReportableCompFromOrgAmt0150742
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03811069
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01245524
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0921983
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0741487
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0512770
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01237 COLLEGE STREET
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038106
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MEMPHISDELTAPREP.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TATE WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIR

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$921,983
Liabilities
$232,206
Net assets
$689,777
Revenue
$3,811,069
Expenses
$4,078,772
Net income
-$267,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.25$0.86$2.39$5.83$6.25$0.41
2024Detailed filing. Detailed filing data is available for this year.$3.77$0.96$2.81$6.79$6.46$0.33
2023Detailed filing. Detailed filing data is available for this year.$3.62$1.15$2.48$7.12$6.66$0.46
2022Detailed filing. Detailed filing data is available for this year.$4.86$2.84$2.01$5.65$5.75$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.68$0.49$2.19$5.79$4.69$1.10
2020Detailed filing. Detailed filing data is available for this year.$1.72$1.19$0.52$4.65$4.81$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.92$0.23$0.69$3.81$4.08$0.27
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.28$0.97$3.80$3.75$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.14$0.85$3.22$2.75$0.47
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.32$0.59$0.26$0.32