Civic Intelligence

Prep Public Schools

990 • Fiscal year 2020 • EIN 81-3512812

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 16, 2021

Organization ProfileCHATTANOOGAPREP.COM
1802 Bailey AvenueChattanooga, TN 37404

(423) 664-5722

Siviq Scores

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

Liabilities / Assets

55th percentile

0.13x

Higher debt load relative to assets than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

46th percentile

0.11x

Higher debt load relative to revenue than 46% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

53rd percentile

6.9%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

52nd percentile

$64,850

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

74th percentile

23%

Faster asset growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$2,594,107

Up $483,835 (+23%) from 2019

Net Assets

Up

$2,246,796

Up $211,618 (+10%) from 2019

Liabilities

Up

$347,311

Up $272,217 (+363%) from 2019

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin53rd percentile

Revenue

Up

$3,025,093

Up $757,888 (+33%) from 2019

Expenses

Up

$2,816,588

Up $799,192 (+40%) from 2019

Net Income

Down

$208,505

Down $41,304 (-17%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth74th percentile

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

$6.0M$4.0M$2.0M$0Assets 2018: $1,868,016Liabilities 2018: $82,647Net Assets 2018: $1,785,3692018Assets 2019: $2,110,272Liabilities 2019: $75,094Net Assets 2019: $2,035,1782019Assets 2020: $2,594,107Liabilities 2020: $347,311Net Assets 2020: $2,246,7962020Assets 2021: $2,356,561Liabilities 2021: $151,815Net Assets 2021: $2,204,7462021Assets 2022: $3,883,592Liabilities 2022: $648,276Net Assets 2022: $3,235,3162022Assets 2023: $3,014,774Liabilities 2023: $359,333Net Assets 2023: $2,655,4412023Assets 2024: $4,624,111Liabilities 2024: $608,652Net Assets 2024: $4,015,4592024

Highlighted filing

2020

Assets$2,594,107
Liabilities$347,311
Net Assets$2,246,796
Open 2020 Filing

Operations Trend

Revenue Growth82nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2018: $2,101,732Expenses 2018: $316,363Net Income 2018: $1,785,3692018Revenue 2019: $2,267,205Expenses 2019: $2,017,396Net Income 2019: $249,8092019Revenue 2020: $3,025,093Expenses 2020: $2,816,588Net Income 2020: $208,5052020Revenue 2021: $3,704,866Expenses 2021: $3,676,918Net Income 2021: $27,9482021Revenue 2022: $6,245,127Expenses 2022: $5,214,556Net Income 2022: $1,030,5712022Revenue 2023: $6,672,136Expenses 2023: $7,315,586Net Income 2023: -$643,4502023Revenue 2024: $10,992,814Expenses 2024: $9,386,954Net Income 2024: $1,605,8602024

Highlighted filing

2020

Revenue$3,025,093
Expenses$2,816,588
Net Income$208,505
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 16, 2021
Return Version
2019v5.2
Gross Receipts
$3,025,093
Mission and Program Overview

Mission

Chattanooga prep is an all-boys public charter school with a mission to engage young men in a rigorous yet supportive learning environment that nurtures resilience, promotes academic excellence, inspires leadership, and prepares critical thinkers. Chattanooga prep welcomed its first class of 66 sixth graders in august 2018 and will grow to serve 350 young men in grades 6-12 over the next seven years.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,210,825$1,613,181▲ $402,356
Cash and Non-Interest-Bearing Accounts$558,227$1,050,322▲ $492,095
Pledges and Grants Receivable$1,128,042$1,007,063▼ $120,979
Land, Buildings, and Equipment, Net$338,630$356,603▲ $17,973
Pd in Cap Srpls Land Bldg Eqp Fund$338,630$352,757▲ $14,127
Rtn Earn Endowment Incm Other Fnds$485,723$280,858▼ $204,865
Prepaid Expenses and Deferred Charges$18,855$25,116▲ $6,261
Total Assets$2,110,272$2,594,107▲ $483,835
Other Assets Total$66,518$155,003▲ $88,485
Liabilities
Other Liabilities$16,119$270,501▲ $254,382
Accounts Payable and Accrued Expenses$58,975$76,810▲ $17,835
Total Liabilities$75,094$347,311▲ $272,217
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,035,178$2,246,796▲ $211,618
Total Liabilities and Net Assets / Fund Balance$2,110,272$2,594,107▲ $483,835

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$331,695$111,637$443,332
Leasehold Improvements$24,908$2,484$27,392
Other Assets Org$27,211--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brad ScottCEOFT$64,850$64,850

Board Members and Trustees

NameTitle
Ted AllingChair
Kelly AllingVice Chair
Aaron WebbDirector
Armando RodriguezDirector
Ashley AtkinsDirector
Daniel PackDirector
David Rice MdDirector
Joe MartinDirector
Moise BaptisteDirector
Natalie JacksonDirector
S Dave Bhattacharya MdDirector
Shewanee Howard-baptisteDirector
Sue Anne Wells PhdDirector
Susan MaclellanDirector
Ward DavenportDirector
Wonjen BagleyDirector
Edna VarnerSecretary
David CainesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,947,927
Program Service Revenue
$59,280
Investment Income
$0
Other Revenue
$17,886
All Other Contributions
$1,272,408
Change in Net Assets
$208,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,025,093
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$147,113
Total Revenue per Audited Statements
$3,172,206
Total Revenue per Form 990
$3,025,093
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,673,096
Other Expenses$1,091,741
Total Fundraising Expense$145,545
Grants and Similar Amounts Paid$51,751
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$776,428$419,386$46,835$1,242,649
Fees for Services Other$270,763$239,975$80,956$591,694
Other Employee Benefits$75,892$54,422$1,307$131,621
Payroll Taxes$58,098$47,006$3,504$108,608
Occupancy$97,419$10,506-$107,925
Pension Plan Contributions$57,862$33,491$6,865$98,218
Current Officers, Directors, Trustees, and Key Employees$92,000--$92,000
Depreciation Depletion-$73,438-$73,438
Grants to Domestic Orgs$51,751--$51,751
Other Expenses$47,132$89,981$4,188$47,132
Insurance-$26,374-$26,374
Travel$11,978$1,825-$13,803
Advertising-$5,446-$5,446
Office Expenses$94$1,433$1,890$3,417
Total Functional Expenses$1,667,760$1,003,283$145,545$2,816,588

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,007,052
Total Expenses per Form 990$2,816,588
Expenses per Audited Statements$2,739,303
Expenses Not Reported on Form 990$267,749
Expenses Not Reported on Financial Statements$77,285
Other Expense Adjustments$77,285
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Friends of Chattanooga Prep IncChattanooga, TN501(c)(3)For the Support of the Organization$51,751
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
Ppp Loan$186,428
Deferred Inflows$77,084
Accrued Liabilities$3,846
Net Pension Liability$3,143
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
No
Other officer compensation reviewed
No
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

“Board members ted alling and kelly alling are married. Board members shewanee howard-baptiste and moise baptiste are married.”

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

“This return will be reviewed by the board before 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. 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 C, Line 19

“No documents are made available to the public.”

Filing and Contact Details

Filer

Filer Name
Chattanooga Prep Inc
EIN
81-3512812
Phone
4236645722
Address
1802 BAILEY AVENUE, CHATTANOOGA, TN 37404

Signing Officer

Name
Ted Alling
Title
Chair
Phone
4236645722
Signed
2021-02-16

Organization Details

Principal Officer
Ted Alling
Formed
2017
Legal Domicile
Tn
Voting Board Members
18
Independent Board Members
18
Employees
97
Volunteers
283

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted services: program service expenses 270,763. Management and general expenses 239,975. Fundraising expenses 80,956. Total expenses 591,694.”

Financial Statement Notes

PART X, LINE 2:

“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 school follows the requirements of professional literature regarding 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, 2020,there were no interest or penalties recorded and included in the these financial statements. The returns for the years ended june 30,2017 and beyond remain subject to examination.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Capital outlay 91,412. Increase in pension liability 32,337.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation 73,438. Compensated absences 3,847.”

Raw XML AppendixShowing 400 of 562 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/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GovernmentGrantsAmt01675519
IRS990/GrantAmt051750
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt051751
IRS990/GrantsToDomesticOrgsGrp/TotalAmt051751
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt026374
IRS990/InsuranceGrp/TotalAmt026374
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt022
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0114121
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0338630
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0356603
IRS990/LandBldgEquipCostOrOtherBssAmt0470724
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0CHATTANOOGA PREP IS AN ALL-BOYS PUBLIC CHARTER SCHOOL WITH A MISSION TO ENGAGE YOUNG MEN IN A RIGOROUS YET SUPPORTIVE LEARNING ENVIRONMENT THAT NURTURES RESILIENCE, PROMOTES ACADEMIC EXCELLENCE, INSPIRES LEADERSHIP, AND PREPARES CRITICAL THINKERS. CHATTANOOGA PREP WELCOMED ITS FIRST CLASS OF 66 SIXTH GRADERS IN AUGUST 2018 AND WILL GROW TO SERVE 350 YOUNG MEN IN GRADES 6-12 OVER THE NEXT SEVEN YEARS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02035178
IRS990/NetAssetsOrFundBalancesEOYAmt02246796
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt019001
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt010506
IRS990/OccupancyGrp/ProgramServicesAmt097419
IRS990/OccupancyGrp/TotalAmt0107925
IRS990/OfficeExpensesGrp/FundraisingAmt01890
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01433
IRS990/OfficeExpensesGrp/ProgramServicesAmt094
IRS990/OfficeExpensesGrp/TotalAmt03417
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt066518
IRS990/OtherAssetsTotalGrp/EOYAmt0155003
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01307
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt054422
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt075892
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0131621
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt089981
IRS990/OtherExpensesGrp/ProgramServicesAmt0128343
IRS990/OtherExpensesGrp/ProgramServicesAmt147132
IRS990/OtherExpensesGrp/TotalAmt0222512
IRS990/OtherExpensesGrp/TotalAmt147132
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IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017886
IRS990/OtherRevenueTotalAmt017886
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046835
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0419386
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0776428
IRS990/OtherSalariesAndWagesGrp/TotalAmt01242649
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03504
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt047006
IRS990/PayrollTaxesGrp/ProgramServicesAmt058098
IRS990/PayrollTaxesGrp/TotalAmt0108608
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0338630
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0352757
IRS990/PensionPlanContributionsGrp/FundraisingAmt06865
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt033491
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057862
IRS990/PensionPlanContributionsGrp/TotalAmt098218
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01128042
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01007063
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025116
IRS990/PrincipalOfficerNm0TED ALLING
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0ATHLETIC DEPARTMENT
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059280
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherRevenueAmt012177
IRS990/PYProgramServiceRevenueAmt07085
IRS990/PYRevenuesLessExpensesAmt0249809
IRS990/PYSalariesCompEmpBnftPaidAmt01250063
IRS990/PYTotalExpensesAmt02017396
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02267205
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0208505
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt077166
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0485723
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0280858
IRS990ScheduleA/SchoolInd0X
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0147113
IRS990ScheduleD/DonatedServicesUseFcltsAmt0144000
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111637
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0443332
IRS990ScheduleD/ExpensesNotReportedAmt0267749
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt077285
IRS990ScheduleD/ExpensesSubtotalAmt02739303
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02484
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt062785
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt165007
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt227211
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESERVE TRUST ASSET
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IRS990ScheduleD/OtherExpensesNotIncludedAmt077285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt177084
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2186428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33846
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PPP LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0147113
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03025093
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 SCHOOL FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE REGARDING 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, 2020,THERE WERE NO INTEREST OR PENALTIES RECORDED AND INCLUDED IN THE THESE FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS ENDED JUNE 30,2017 AND BEYOND REMAIN SUBJECT TO EXAMINATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CAPITAL OUTLAY 91,412. INCREASE IN PENSION LIABILITY 32,337.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION 73,438. COMPENSATED ABSENCES 3,847.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0356603
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0155003

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,594,107
Liabilities
$347,311
Net assets
$2,246,796
Revenue
$3,025,093
Expenses
$2,816,588
Net income
$208,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.62$0.61$4.02$11.0$9.39$1.61
2023Detailed filing. Detailed filing data is available for this year.$3.01$0.36$2.66$6.67$7.32$0.64
2022Detailed filing. Detailed filing data is available for this year.$3.88$0.65$3.24$6.25$5.21$1.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$0.15$2.20$3.70$3.68$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.59$0.35$2.25$3.03$2.82$0.21
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.08$2.04$2.27$2.02$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.08$1.79$2.10$0.32$1.79