Civic Intelligence

Perea Elementary School

990 • Fiscal year 2020 • EIN 82-0954843

Jul 01, 2019 to Jun 30, 2020 • Filed on Dec 21, 2020

Organization ProfileWWW.PEREAELEMENTARY.ORG
1250 Vollintine AveMemphis, TN 38107

(901) 726-4300

Siviq Scores

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

Liabilities / Assets

58th percentile

0.16x

Higher debt load relative to assets than 58% of similar nonprofits.

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

Liabilities / Revenue

44th percentile

0.10x

Higher debt load relative to revenue than 44% of similar nonprofits.

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

Net Margin

50th percentile

5.3%

Higher net margin than 50% of similar nonprofits.

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

Top Officer Pay

68th percentile

$97,000

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

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

Asset Growth

76th percentile

26%

Faster asset growth than 76% of similar nonprofits.

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

Revenue Growth

26th percentile

-16%

Faster revenue growth than 26% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$1,729,228

Up $1,116,042 (+182%) from 2018

Net Assets

Up

$1,458,063

Up $857,973 (+143%) from 2018

Liabilities

Up

$271,165

Up $258,069 (+1971%) from 2018

Revenue And Expenses
Liabilities / Revenue44th percentileNet Margin50th percentile

Revenue

Up

$2,593,003

Up $1,817,366 (+234%) from 2018

Expenses

Up

$2,456,797

Up $2,281,250 (+1300%) from 2018

Net Income

Down

$136,206

Down $463,884 (-77%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $613,186Liabilities 2018: $13,096Net Assets 2018: $600,0902018Assets 2020: $1,729,228Liabilities 2020: $271,165Net Assets 2020: $1,458,0632020Assets 2021: $2,497,870Liabilities 2021: $321,800Net Assets 2021: $2,176,0702021Assets 2022: $4,449,509Liabilities 2022: $1,318,299Net Assets 2022: $3,131,2102022Assets 2024: $7,678,830Liabilities 2024: $1,000,502Net Assets 2024: $6,678,3282024Assets 2025: $7,516,241Liabilities 2025: $969,881Net Assets 2025: $6,546,3602025

Highlighted filing

2020

Assets$1,729,228
Liabilities$271,165
Net Assets$1,458,063
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

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

$10M$5.0M$0-$5.0MRevenue 2018: $775,637Expenses 2018: $175,547Net Income 2018: $600,0902018Revenue 2020: $2,593,003Expenses 2020: $2,456,797Net Income 2020: $136,2062020Revenue 2021: $3,602,420Expenses 2021: $2,884,413Net Income 2021: $718,0072021Revenue 2022: $4,772,598Expenses 2022: $3,816,466Net Income 2022: $956,1322022Revenue 2024: $8,578,346Expenses 2024: $7,575,344Net Income 2024: $1,003,0022024Revenue 2025: $7,890,074Expenses 2025: $8,022,042Net Income 2025: -$131,9682025

Highlighted filing

2020

Revenue$2,593,003
Expenses$2,456,797
Net Income$136,206
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Dec 21, 2020
Return Version
2019v5.1
Gross Receipts
$2,593,003
Mission and Program Overview

Mission

Perea elementary school and perea preschool will prepare all students academically, socially, and emotionally for success by creating and maintaining a classroom and school environment that is student-centered, with high academic expectations and where all students feel welcomed, appreciated, and valued.

Perea elementary school will prepare all students academically, socially, and emotionally for success by creating and maintaining a classroom and school environment that is student-centered, with high academic expectations and where all students feel welcomed, appreciated, and valued.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$212,129$895,717▲ $683,588
Land, Buildings, and Equipment, Net$352,041$338,293▼ $13,748
Pledges and Grants Receivable$750,000$305,879▼ $444,121
Investments Program Related-$63,386-
Prepaid Expenses and Deferred Charges$24,146$27,529▲ $3,383
Accounts Receivable$3,829$26,278▲ $22,449
Total Assets$1,368,689$1,729,228▲ $360,539
Other Assets Total$26,544$72,146▲ $45,602
Liabilities
Accounts Payable and Accrued Expenses$46,832$271,165▲ $224,333
Total Liabilities$46,832$271,165▲ $224,333
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,314,705$1,385,917▲ $71,212
Net Assets With Donor Restrictions$7,152$72,146▲ $64,994
Total Net Assets Fund Balance$1,321,857$1,458,063▲ $136,206
Total Liabilities and Net Assets / Fund Balance$1,368,689$1,729,228▲ $360,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$61,160$16,468-
Equipment$25,111$16,437-
Leasehold Improvements$252,022$65,887-
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Deadre UsserySchool LeaderFT$97,000$97,000
Shandra BrooksDirector of Finance & OperationsFT$65,000$65,000

Board Members and Trustees

NameTitle
Michaelia SturdivantBoard Chair
Darnell MosesBoard Member
Kelly NicholsBoard Member
Martha BoydSecretary
Kathryn PerryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,579,271
Program Service Revenue
$13,732
Investment Income
$0
Other Revenue
$0
All Other Contributions
$883,082
Change in Net Assets
$136,206

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,593,003
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,593,003
Total Revenue per Form 990
$2,593,003
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,429,704
Other Expenses$1,027,093
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$979,847$449,857-$1,429,704
Occupancy$310,263$103,421-$413,684
Fees for Services Other-$148,425-$148,425
Depreciation Depletion$42,412$14,137-$56,549
Other Expenses$44,960$163,483-$44,960
Office Expenses$23,708$7,903-$31,611
Total Functional Expenses$1,569,571$887,226$0$2,456,797

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,456,797
Total Expenses per Audited Statements$2,456,797
Total Expenses per Form 990$2,456,797
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
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Upon preparation by an independent accounting firm, the return is reviewed by the board of directors before submission to the irs.”

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

“The directors sign a statement annually confirming their compliance with the conflicts of interest policy.”

Form 990, Part VI, Section B, Line 15

“Compensation for a position is determined as to what is reasonable for the experience, expertise, geography, and needs of the organization. Compensation is reviewed by the board finance committee and discussed and voted on at board meetings. The resulting decision is recorded in the minutes.”

Form 990, Part VI, Section C, Line 18

“The organization's tax documents are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Perea Elementary School
EIN
82-0954843
Phone
9017264300
Address
1250 VOLLINTINE AVE, MEMPHIS, TN 38107

Signing Officer

Name
Deadre Ussery
Title
Head of School
Phone
9017264300
Signed
2020-12-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deadre Ussery
Formed
2017
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
35
Volunteers
0

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Susan M Lattimore
Phone
9017613003
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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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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/ExplanationTxt0GRANTS RECEIVED UNDER THE U.S. DEPARTMENT OF EDUCATION PUBLIC CHARTER SCHOOL GRANT PROGRAM, SHELBY COUNTY TENNESSEE PER PUPIL ALLOCATION, AND TITLE I GRANTS TO LOCAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON PREPARATION BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR A POSITION IS DETERMINED AS TO WHAT IS REASONABLE FOR THE EXPERIENCE, EXPERTISE, GEOGRAPHY, AND NEEDS OF THE ORGANIZATION. COMPENSATION IS REVIEWED BY THE BOARD FINANCE COMMITTEE AND DISCUSSED AND VOTED ON AT BOARD MEETINGS. THE RESULTING DECISION IS RECORDED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC 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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02579271
IRS990/TotalEmployeeCnt035
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0887226
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01569571
IRS990/TotalFunctionalExpensesGrp/TotalAmt02456797
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046832
IRS990/TotalLiabilitiesEOYAmt0271165
IRS990/TotalLiabilitiesGrp/BOYAmt046832
IRS990/TotalLiabilitiesGrp/EOYAmt0271165
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01458063
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01569571
IRS990/TotalProgramServiceRevenueAmt013732
IRS990/TotalReportableCompFromOrgAmt0162000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013732
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02593003
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01729228
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PEREAELEMENTARY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEADRE USSERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum09017264300
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PEREA ELEMENTARY SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0PERE
ReturnHeader/Filer/EIN0820954843
ReturnHeader/Filer/PhoneNum09017264300
ReturnHeader/Filer/USAddress/AddressLine1Txt01250 VOLLINTINE AVE
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId004C3613A0FD54F88308D1A99835A4B8625824EF5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.132.242.106
ReturnHeader/FilingSecurityInformation/IPDt02020-12-21
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:21:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261180446
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE MARSTON GROUP PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01661 INTERNATIONAL DRIVE SUITE 250
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09017613003
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN M LATTIMORE
ReturnHeader/ReturnTs02020-12-22T10:47:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,729,228
Liabilities
$271,165
Net assets
$1,458,063
Revenue
$2,593,003
Expenses
$2,456,797
Net income
$136,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.52$0.97$6.55$7.89$8.02$0.13
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.68$1.00$6.68$8.58$7.58$1.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.45$1.32$3.13$4.77$3.82$0.96
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.32$2.18$3.60$2.88$0.72
2020Detailed filing. Detailed filing data is available for this year.$1.73$0.27$1.46$2.59$2.46$0.14
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.01$0.60$0.78$0.18$0.60