Civic Intelligence

Beacon College Preparatory Inc

EIN 83-3606776 • 501(c)3 • Memphis, TN

Profile

Charter School with an academically rigorous, purposefully structed and joyful community. Prepares kindergarten thru fifth grade scholars to succeed in college and contribute positively to their communities.

5130 Raleigh Lagrange RoadMemphis, TN 38134

n/A

Siviq Scores

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

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

70th percentile

$109,000

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

94th percentile

97%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

62%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,521,516

Up $1,244,448 (+97%) from 2023

Liabilities

Down

$353,484

Down $97,998 (-22%) from 2023

Net Assets

Up

$2,168,032

Up $1,342,446 (+163%) from 2023

Revenue

Up

$4,437,987

Up $1,693,946 (+62%) from 2023

Expenses

Up

$3,095,541

Up $582,240 (+23%) from 2023

Net Income

Up

$1,342,446

Up $1,111,706 (+482%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $384,796Liabilities 2021: $197,371Net Assets 2021: $187,4252021Assets 2022: $1,140,832Liabilities 2022: $558,601Net Assets 2022: $582,2312022Assets 2023: $1,277,068Liabilities 2023: $451,482Net Assets 2023: $825,5862023Assets 2024: $2,521,516Liabilities 2024: $353,484Net Assets 2024: $2,168,0322024

Highlighted filing

2024

Assets$2,521,516
Liabilities$353,484
Net Assets$2,168,032

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2021: $2,732,440Expenses 2021: $1,351,044Net Income 2021: $1,381,3962021Revenue 2022: $2,100,782Expenses 2022: $1,853,976Net Income 2022: $246,8062022Revenue 2023: $2,744,041Expenses 2023: $2,513,301Net Income 2023: $230,7402023Revenue 2024: $4,437,987Expenses 2024: $3,095,541Net Income 2024: $1,342,4462024

Highlighted filing

2024

Revenue$4,437,987
Expenses$3,095,541
Net Income$1,342,446

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 3, 2022
Return Version
2020v4.1
Gross Receipts
$2,732,440
Mission and Program Overview

Mission

Charter School with an academically rigorous, purposefully structured and joyful community. Prepares kindergarten thru fifth grade scholars to succeed in college and contribute positively to their communities.

Charter School with an academically rigorous, purposefully structed and joyful community. Prepares kindergarten thru fifth grade scholars to succeed in college and contribute positively to their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$169,759$149,847▼ $19,912
Land, Buildings, and Equipment, Net-$128,375-
Prepaid Expenses and Deferred Charges$57,777$60,698▲ $2,921
Accounts Receivable-$28,743-
Total Assets$238,670$384,796▲ $146,126
Other Assets Total$11,134$17,133▲ $5,999
Liabilities
Accounts Payable and Accrued Expenses$66,421$197,371▲ $130,950
Total Liabilities$66,421$197,371▲ $130,950
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$172,249$187,425▲ $15,176
Net Assets With Donor Restrictions-$0-
Total Net Assets Fund Balance$172,249$187,425▲ $15,176
Total Liabilities and Net Assets / Fund Balance$238,670$384,796▲ $146,126

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$124,324$18,668-
Leasehold Improvements$4,051$759-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph BolducPrincipalFT$95,000$95,000
Joseph Bolduc--$95,000$95,000

Board Members and Trustees

NameTitle
Bailey Cato CzuprykBoard Chairman
Aubrey Diaz NelsonVice Chair
Ashley HumphreyBoard Member
Christopher PeckBoard Member
Clifford Stockton IIIBoard Member
Jamila NewmanBoard Member
Jennifer RichBoard Member
Chandra MadisonSecretary
Charlise Clark GwinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,366,220
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,366,220
All Other Contributions
$27,343
Change in Net Assets
$1,381,396
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$777,659
Salaries, Compensation, and Employee Benefits$573,385
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$477,166$0$0$477,166
Office Expenses$276,222$0$0$276,222
Occupancy$165,600$0$0$165,600
Fees for Services Management$76,963$0$0$76,963
Fees for Services Accounting$63,890$0$0$63,890
Other Employee Benefits$58,101$0$0$58,101
All Other Expenses$42,699$0$0$42,699
Information Technology$39,146$0$0$39,146
Pension Plan Contributions$38,118$0$0$38,118
Depreciation Depletion$19,428$0$0$19,428
Insurance$19,252$0$0$19,252
Fees for Services Legal$14,601$0$0$14,601
Advertising$14,089$0$0$14,089
Total Functional Expenses$1,351,044$0$0$1,351,044
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
Audit committee
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Beacon College Preparatory Inc
EIN
83-3606776
Phone
9012736660
Address
5130 Raleigh Lagrange Road, Memphis, TN 38134

Signing Officer

Name
Joseph Bolduc
Title
Head of School
Phone
9012736660
Signed
2022-01-03
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
9
Volunteers
9

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Assets

Pt VI, Line 15A

Other Assets

Pt VI, Line 8B

Prepaid Expense

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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01691220
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0124324
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018668
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0142992
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04051
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0759
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt04810
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0128375
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NA
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1School
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt095000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Joseph Bolduc
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt095000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Other Assets
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Prepaid Expense
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0238670
IRS990/TotalAssetsEOYAmt0384796
IRS990/TotalAssetsGrp/BOYAmt0238670
IRS990/TotalAssetsGrp/EOYAmt0384796
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01366220
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01351044
IRS990/TotalFunctionalExpensesGrp/TotalAmt01351044
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt066421
IRS990/TotalLiabilitiesEOYAmt0197371
IRS990/TotalLiabilitiesGrp/BOYAmt066421
IRS990/TotalLiabilitiesGrp/EOYAmt0197371
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0172249

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