Civic Intelligence

Friends of Chattanooga Prep Inc

EIN 81-3512599 • 501(c)3 • Chattanooga, TN

Profile

The organization is devoted to supporting single sex educational policies, practices and structures that lead to increased academic success among boys and young men. Specifically, the organization willact as the sponsor of a public charter school (chattanooga prep)created pursuant to the tennesseepublic charter school act of 2002.

1802 Bailey AvenueChattanooga, TN 37404

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.53x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

11.02x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

9th percentile

-28%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-81%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$19,704,343

Up $2,196,460 (+13%) from 2023

Liabilities

Up

$10,393,861

Up $2,462,123 (+31%) from 2023

Net Assets

Down

$9,310,482

Down $265,663 (-2.8%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin9th percentile

Revenue

Down

$943,120

Down $3,956,847 (-81%) from 2023

Expenses

Up

$1,208,783

Up $464,110 (+62%) from 2023

Net Income

Down

-$265,663

Down $4,420,957 (-106%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2017: $1,195,680Liabilities 2017: $2,053Net Assets 2017: $1,193,6272017Assets 2018: $6,649,142Liabilities 2018: $1,843,017Net Assets 2018: $4,806,1252018Assets 2019: $8,405,726Liabilities 2019: $3,990,848Net Assets 2019: $4,414,8782019Assets 2020: $8,246,575Liabilities 2020: $3,984,978Net Assets 2020: $4,261,5972020Assets 2021: $12,258,434Liabilities 2021: $7,443,024Net Assets 2021: $4,815,4102021Assets 2022: $13,976,091Liabilities 2022: $8,615,512Net Assets 2022: $5,360,5792022Assets 2023: $17,507,883Liabilities 2023: $7,931,738Net Assets 2023: $9,576,1452023Assets 2024: $19,704,343Liabilities 2024: $10,393,861Net Assets 2024: $9,310,4822024

Highlighted filing

2024

Assets$19,704,343
Liabilities$10,393,861
Net Assets$9,310,482
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $2,884,296Expenses 2017: $1,690,669Net Income 2017: $1,193,6272017Revenue 2018: $4,098,513Expenses 2018: $456,659Net Income 2018: $3,641,8542018Revenue 2019: $141,569Expenses 2019: $282,816Net Income 2019: -$141,2472019Revenue 2020: $121,270Expenses 2020: $274,551Net Income 2020: -$153,2812020Revenue 2021: $1,171,692Expenses 2021: $367,879Net Income 2021: $803,8132021Revenue 2022: $1,097,526Expenses 2022: $552,357Net Income 2022: $545,1692022Revenue 2023: $4,899,967Expenses 2023: $744,673Net Income 2023: $4,155,2942023Revenue 2024: $943,120Expenses 2024: $1,208,783Net Income 2024: -$265,6632024

Highlighted filing

2024

Revenue$943,120
Expenses$1,208,783
Net Income-$265,663
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$19,704,343
Liabilities
$10,393,861
Net assets
$9,310,482
Revenue
$943,120
Expenses
$1,208,783
Net income
-$265,663
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$10.4$9.31$0.94$1.21$0.27
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.5$7.93$9.58$4.90$0.74$4.16
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$8.62$5.36$1.10$0.55$0.55
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$7.44$4.82$1.17$0.37$0.80
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.25$3.98$4.26$0.12$0.27$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.41$3.99$4.41$0.14$0.28$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$1.84$4.81$4.10$0.46$3.64
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.19$2.88$1.69$1.19
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 30, 2023
Return Version
2021v4.2
Gross Receipts
$1,097,526
Mission and Program Overview

Mission

The organization is devoted to supporting single sex educational policies, practices and structures that lead to increased academic success among boys and young men. Specifically, the organization willact as the sponsor of a public charter school (chattanooga prep)created pursuant to the tennesseepublic charter school act of 2002.

The organization is devoted to supporting single sex educational policies, practices and structures that lead to increased academic success among boys and young men. Specifically, the organization will act as the sponsor of a public charter school (chattanooga prep)created pursuant to the tennessee public charter school act of 2002.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,188,147$12,834,988▲ $646,841
Loans From Officers Directors-$3,982,373-
Cash and Non-Interest-Bearing Accounts$13,050$1,080,327▲ $1,067,277
Pledges and Grants Receivable$16,668$16,667▼ $1
Total Assets$12,258,434$13,976,091▲ $1,717,657
Other Assets Total$40,569$44,109▲ $3,540
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,426,374$4,126,998▼ $3,299,376
Accounts Payable and Accrued Expenses$16,650$506,141▲ $489,491
Total Liabilities$7,443,024$8,615,512▲ $1,172,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,815,410$5,197,279▲ $381,869
Net Assets With Donor Restrictions-$163,300-
Total Net Assets Fund Balance$4,815,410$5,360,579▲ $545,169
Total Liabilities and Net Assets / Fund Balance$12,258,434$13,976,091▲ $1,717,657

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,329,997$808,241$12,138,238
Other Land Buildings$842,313-$842,313
Land$602,100-$602,100
Equipment$60,578$181,977$242,555
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Ted AllingChair
David CainesDirector
Jack StudorDirector
Kelley AllingDirector
Sue Anne WellsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,097,526
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,097,526
Change in Net Assets
$545,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,097,526
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$786,300
Total Revenue per Audited Statements
$1,883,826
Total Revenue per Form 990
$1,097,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,378
Salaries, Compensation, and Employee Benefits$12,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$351,275--$351,275
Interest$142,886--$142,886
Fees for Services Other$17,451--$17,451
Other Salaries and Wages$11,800--$11,800
Fees for Services Accounting$8,851--$8,851
Occupancy$2,990--$2,990
Office Expenses$1,459--$1,459
Payroll Taxes$1,179--$1,179
Travel$1,075--$1,075
Advertising$445--$445
Other Expenses$150--$150
Total Functional Expenses$552,357$0$0$552,357

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,338,657
Expenses Not Reported on Form 990$786,300
Expenses per Audited Statements$552,357
Total Expenses per Form 990$552,357
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$3,982,373-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Ted alling and kelly alling are married”

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

“The board of directors will review before the return is filed”

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

“Each director must promptly and fully report to the board chair any situation that may create a conflict of interest. Friends of chattanooga prep sends a copy of the policy statement and the conflict of interest disclosure statement annually to be signed by each director.”

Form 990, Part VI, Section B, Line 15

“The board of directors review and approve the executive director's salary annually. No directors are compensated. The organization has no key employees.”

Form 990, Part VI, Section C, Line 19

“No documents are made available to the public”

Filing and Contact Details

Filer

Filer Name
Friends of Chattanooga Prep Inc
EIN
81-3512599
Phone
4236645722
Address
1802 BAILEY AVENUE, CHATTANOOGA, TN 37404

Signing Officer

Name
Ted Alling
Title
Co-chairman
Phone
4236645722
Signed
2023-01-30

Organization Details

Principal Officer
Ted Alling
Formed
2016
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Johnson Hickey & Murchison Pc
Address
2215 OLAN MILLS DRIVE, CHATTANOOGA, TN 37421
Preparer
M Ethan Miller
Phone
4237560052
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Included in the consolidated financials the school is a nonprofit organization that is exempt from federal income taxes under the internal revenue code and classified by the internal revenue service as other than a private foundation and is similarly exempt from state income taxes. The scholl follows the requirements of professional literature regarding uncertain tax positions. Under this guidance, the school must recognize the tax effect associated with uncertain tax positions taken for tax return purposes when it is more likely than not the position will be sustained. The school does not believe there are any material uncertain tax positions and accordingly,it will not recognize any liability for unrecognized tax benefits. For the period ended june 30, 2022, there were no interest or penalties recorded or included in these financial statements. The returns for the years ended june 30, 2019 and beyond remain subject to examination.”

Raw XML AppendixShowing 400 of 410 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/BOYAmt016650
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0506141
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION IS DEVOTED TO SUPPORTING SINGLE SEX EDUCATIONAL POLICIES, PRACTICES AND STRUCTURES THAT LEAD TO INCREASED ACADEMIC SUCCESS AMONG BOYS AND YOUNG MEN. SPECIFICALLY, THE ORGANIZATION WILL ACT AS THE SPONSOR OF A PUBLIC CHARTER SCHOOL (CHATTANOOGA PREP)CREATED PURSUANT TO THE TENNESSEE PUBLIC CHARTER SCHOOL ACT OF 2002.
IRS990/AdvertisingGrp/ProgramServicesAmt0445
IRS990/AdvertisingGrp/TotalAmt0445
IRS990/AllOtherContributionsAmt01097526
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04236645722
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01802 BAILEY AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHATTANOOGA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037404
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt013050
IRS990/CashNonInterestBearingGrp/EOYAmt01080327
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01097526
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0539378
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0545169
IRS990/CYSalariesCompEmpBnftPaidAmt012979
IRS990/CYTotalExpensesAmt0552357
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01097526
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0351275
IRS990/DepreciationDepletionGrp/TotalAmt0351275
IRS990/Desc0FRIENDS OF CHATTANOOGA PREPARATORY SCHOOL WAS FOUNDED IN 2016 TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR BOYS IN HAMILTON COUNTY, TENNESSEE. THE ORGANIZATION SPONSORS THE CHATTANOOGA PREPARATORY SCHOOL, PROVIDING ON-GOING ASSISTANCE AND SUPPORT.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0163300
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0552357
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt08851
IRS990/FeesForServicesAccountingGrp/TotalAmt08851
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt017451
IRS990/FeesForServicesOtherGrp/TotalAmt017451
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0TED ALLING
IRS990/Form990PartVIISectionAGrp/PersonNm1SUE ANNE WELLS
IRS990/Form990PartVIISectionAGrp/PersonNm2JACK STUDOR
IRS990/Form990PartVIISectionAGrp/PersonNm3KELLEY ALLING
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID CAINES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01097526
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt0142886
IRS990/InterestGrp/TotalAmt0142886
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0990218
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012188147
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012834988
IRS990/LandBldgEquipCostOrOtherBssAmt013825206
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt03982373
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION IS DEVOTED TO SUPPORTING SINGLE SEX EDUCATIONAL POLICIES, PRACTICES AND STRUCTURES THAT LEAD TO INCREASED ACADEMIC SUCCESS AMONG BOYS AND YOUNG MEN. SPECIFICALLY, THE ORGANIZATION WILLACT AS THE SPONSOR OF A PUBLIC CHARTER SCHOOL (CHATTANOOGA PREP)CREATED PURSUANT TO THE TENNESSEEPUBLIC CHARTER SCHOOL ACT OF 2002.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07426374
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04126998
IRS990/NetAssetsOrFundBalancesBOYAmt04815410
IRS990/NetAssetsOrFundBalancesEOYAmt05360579
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04815410
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05197279
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt010059
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02990
IRS990/OccupancyGrp/TotalAmt02990
IRS990/OfficeExpensesGrp/ProgramServicesAmt01459
IRS990/OfficeExpensesGrp/TotalAmt01459
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040569
IRS990/OtherAssetsTotalGrp/EOYAmt044109
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0FEES AND LICENSES
IRS990/OtherExpensesGrp/Desc1EQUIPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc2SPECIAL EVENT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt011400
IRS990/OtherExpensesGrp/ProgramServicesAmt1778
IRS990/OtherExpensesGrp/ProgramServicesAmt2618
IRS990/OtherExpensesGrp/ProgramServicesAmt3150
IRS990/OtherExpensesGrp/TotalAmt011400
IRS990/OtherExpensesGrp/TotalAmt1778
IRS990/OtherExpensesGrp/TotalAmt2618
IRS990/OtherExpensesGrp/TotalAmt3150
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011800
IRS990/OtherSalariesAndWagesGrp/TotalAmt011800
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01179
IRS990/PayrollTaxesGrp/TotalAmt01179
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt016668
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016667
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0TED ALLING
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01638653
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-466961
IRS990/PYOtherExpensesAmt0367879
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0803813
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0367879
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01171692
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0545169
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01097526
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01638653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0121270
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0141569
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0598513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03597531
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87930
IRS990ScheduleA/PublicSupportTotal170Amt03163384
IRS990ScheduleA/SubstantialContributorsTotAmt0434147
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01097526
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01638653
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0121270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0141569
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0598513
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03597531
IRS990ScheduleA/TotalSupportAmt03597531
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/BookValueAmt011329997
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0808241
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012138238
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0786300
IRS990ScheduleD/DonatedServicesUseFcltsAmt0786300
IRS990ScheduleD/EquipmentGrp/BookValueAmt060578
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0181977
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0242555
IRS990ScheduleD/ExpensesNotReportedAmt0786300
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0552357
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0602100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0602100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0842313
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0842313
IRS990ScheduleD/RevenueNotReportedAmt0786300
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01097526
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCLUDED IN THE CONSOLIDATED FINANCIALS THE SCHOOL IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. THE SCHOLL FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE REGARDING UNCERTAIN TAX POSITIONS. UNDER THIS GUIDANCE, THE SCHOOL MUST RECOGNIZE THE TAX EFFECT ASSOCIATED WITH UNCERTAIN TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY,IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE PERIOD ENDED JUNE 30, 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THESE FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS ENDED JUNE 30, 2019 AND BEYOND REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012834988
IRS990ScheduleD/TotalExpensesPerForm990Amt0552357
IRS990ScheduleD/TotalRevenuePerForm990Amt01097526
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01883826
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01338657
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt03982373
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO COVER START UP EXPENSES FOR THE SCHOOL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04000000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0TED AND KELLY ALLING
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt03982373
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TED ALLING AND KELLY ALLING ARE MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WILL REVIEW BEFORE THE RETURN IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR MUST PROMPTLY AND FULLY REPORT TO THE BOARD CHAIR ANY SITUATION THAT MAY CREATE A CONFLICT OF INTEREST. FRIENDS OF CHATTANOOGA PREP SENDS A COPY OF THE POLICY STATEMENT AND THE CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY TO BE SIGNED BY EACH DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEW AND APPROVE THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY. NO DIRECTORS ARE COMPENSATED. THE ORGANIZATION HAS NO KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHATTANOOGA PREP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0813512812
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PREP SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(II)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01802 BAILEY AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHATTANOOGA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037404
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0419614
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CHATTANOOGA PREP INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012258434
IRS990/TotalAssetsEOYAmt013976091
IRS990/TotalAssetsGrp/BOYAmt012258434
IRS990/TotalAssetsGrp/EOYAmt013976091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01097526
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0552357
IRS990/TotalFunctionalExpensesGrp/TotalAmt0552357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07443024
IRS990/TotalLiabilitiesEOYAmt08615512
IRS990/TotalLiabilitiesGrp/BOYAmt07443024
IRS990/TotalLiabilitiesGrp/EOYAmt08615512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04815410
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05360579
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0552357
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01097526
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012258434
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013976091
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01075
IRS990/TravelGrp/TotalAmt01075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01802 BAILEY AVENUE
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037404
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TED ALLING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum04236645722
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-01-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF CHATTANOOGA PREP INC
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0813512599
ReturnHeader/Filer/PhoneNum04236645722
ReturnHeader/Filer/USAddress/AddressLine1Txt01802 BAILEY AVENUE
ReturnHeader/Filer/USAddress/CityNm0CHATTANOOGA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037404
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621046406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHNSON HICKEY & MURCHISON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02215 OLAN MILLS DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.