Civic Intelligence

Perea Elementary School

990 • Fiscal year 2021 • EIN 82-0954843

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 11, 2022

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

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.09x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

62nd percentile

20%

Higher net margin than 62% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$95,065

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

84th percentile

44%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

39%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$2,497,870

Up $768,642 (+44%) from 2020

Net Assets

Up

$2,176,070

Up $718,007 (+49%) from 2020

Liabilities

Up

$321,800

Up $50,635 (+19%) from 2020

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin62nd percentile

Revenue

Up

$3,602,420

Up $1,009,417 (+39%) from 2020

Expenses

Up

$2,884,413

Up $427,616 (+17%) from 2020

Net Income

Up

$718,007

Up $581,801 (+427%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2021

Assets$2,497,870
Liabilities$321,800
Net Assets$2,176,070
Open 2021 Filing

Operations Trend

Revenue Growth71st 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

2021

Revenue$3,602,420
Expenses$2,884,413
Net Income$718,007
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 11, 2022
Return Version
2020v4.1
Gross Receipts
$3,602,420
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$895,717$1,046,350▲ $150,633
Pledges and Grants Receivable$305,879$708,858▲ $402,979
Land, Buildings, and Equipment, Net$338,293$383,264▲ $44,971
Prepaid Expenses and Deferred Charges$27,529$44,986▲ $17,457
Accounts Receivable$26,278$40,335▲ $14,057
Total Assets$1,729,228$2,497,870▲ $768,642
Other Assets Total$135,532$274,077▲ $138,545
Liabilities
Accounts Payable and Accrued Expenses$223,594$221,782▼ $1,812
Other Liabilities$47,571$100,018▲ $52,447
Total Liabilities$271,165$321,800▲ $50,635
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,385,917$1,976,336▲ $590,419
Net Assets With Donor Restrictions$72,146$199,734▲ $127,588
Total Net Assets Fund Balance$1,458,063$2,176,070▲ $718,007
Total Liabilities and Net Assets / Fund Balance$1,729,228$2,497,870▲ $768,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$58,403$26,421-
Equipment$38,969$42,476-
Leasehold Improvements$285,892$109,079-
Other Assets Org$114,678--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Deadre UsserySchool LeaderFT$95,065$95,065
Shandra BrooksDirector of Finance & OperFT$60,809$60,809

Board Members and Trustees

NameTitle
Michaelia SturdivantBoard Chair
Bishop Althea E GreeneBoard Member
Darnell MosesBoard Member
Kelly NicholsBoard Member
Martha BoydSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,592,073
Program Service Revenue
$10,347
Investment Income
$0
Other Revenue
$0
All Other Contributions
$763,504
Change in Net Assets
$718,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,602,420
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,602,420
Total Revenue per Form 990
$3,602,420
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,740,572
Other Expenses$1,143,841
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,345,809$238,889-$1,584,698
Occupancy$308,820$102,940-$411,760
Current Officers, Directors, Trustees, and Key Employees-$155,874-$155,874
Fees for Services Other-$154,766-$154,766
Depreciation Depletion$59,387$19,796-$79,183
Office Expenses$39,422$13,141-$52,563
Other Expenses$46,113$122,701-$46,113
Total Functional Expenses$2,076,306$808,107$0$2,884,413

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,884,413
Total Expenses per Audited Statements$2,884,413
Total Expenses per Form 990$2,884,413
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
Deferred Inflows Related to Pensions$100,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
2022-01-11
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
52
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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03602420
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0383264
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0274077
IRS990ScheduleD/TotalExpensesPerForm990Amt02884413
IRS990ScheduleD/TotalLiabilityAmt0100018
IRS990ScheduleD/TotalRevenuePerForm990Amt03602420
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03602420
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02884413
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/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
IRS990/TotalAssetsBOYAmt01729228
IRS990/TotalAssetsEOYAmt02497870
IRS990/TotalAssetsGrp/BOYAmt01729228
IRS990/TotalAssetsGrp/EOYAmt02497870
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03592073
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0808107
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02076306
IRS990/TotalFunctionalExpensesGrp/TotalAmt02884413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0271165
IRS990/TotalLiabilitiesEOYAmt0321800
IRS990/TotalLiabilitiesGrp/BOYAmt0271165
IRS990/TotalLiabilitiesGrp/EOYAmt0321800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01458063
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02176070
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02076306
IRS990/TotalProgramServiceRevenueAmt010347
IRS990/TotalReportableCompFromOrgAmt0155874
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010347
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03602420
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01729228
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02497870
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01250 VOLLINTINE AVENUE
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038107
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.PEREAELEMENTARY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEADRE USSERY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum09017264300
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-11
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038107
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/PreparationDt02022-01-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN M LATTIMORE
ReturnHeader/ReturnTs02022-01-12T11:04:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DEADRE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0USSERY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,497,870
Liabilities
$321,800
Net assets
$2,176,070
Revenue
$3,602,420
Expenses
$2,884,413
Net income
$718,007
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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits