2025-05-17T19:30:08-05:00 2024-06-30 621046406 JOHNSON HICKEY & MURCHISON PC 2215 OLAN MILLS DRIVE CHATTANOOGA TN 37421 990 2023-07-01 813512812 PREP PUBLIC SCHOOLS PREP 4236645722 1802 BAILEY AVENUE CHATTANOOGA TN 37404 DAVID CAINES TREASURER 4236645722 2025-05-15 1 SHERRI ANDERSON P01228421 4237560052 2025-05-15 2023 2025-03-06 01:10:19Z AARON WEBB 1802 BAILEY AVENUE CHATTANOOGA TN 37404 11009232 0 X HTTPS://CHATTANOOGAPREP.COM X 2017 TN PREP PUBLIC SCHOOLS 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. PREP PUBLIC SCHOOLS 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. 11 11 92 39 0 0 6338281 10431081 342998 328276 12541 8194 -21684 225263 6672136 10992814 892775 864516 0 0 3973962 5160254 0 0 419454 2448849 3362184 7315586 9386954 -643450 1605860 3014774 4624111 359333 608652 2655441 4015459 X PREP PUBLIC SCHOOLS 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. PREP PUBLIC SCHOOLS 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. 0 0 5629903 864516 569957 THE PRIMARY SERVICE ACCIMPLISHMENT IS PROVIDING QUALITY EDUCATION TO THE COMMUNITY'S MOST VULNERABLE POPULATIONS. THE COMPREHENSIVE,COLLEGE PREPARATORY CURRICULUM IS CENTERED AROUND THEMES OF INNOVATION AND LEADERSHIP DEVELOPMENT, WHICH ARE INFUSED ACROSS RIGOROUS COURSEWORK IN LITERACY AND COMMUNICATION, SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, THE ARTS, AND SOCIAL/CULTURAL STUDIES. THE CURRICULUM HAS BEEN CAREFULLY AND INTENTIONALLY DESIGNED TO AMELIORATE SPECIFIC BARRIERS THAT NEGATIVELY IMPACT STUDENT ACHIEVEMENT AMONG BOYS AND YOUNG MEN EXPERIENCING POVERTY WITHIN HAMILTON COUNTY. 5629903 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 44 0 1 92 1 0 0 0 0 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JEANNE HINCHEE 4236645722 1849 UNION AVENUE CHATTANOOGA TN 37404 JIMMY HASLAM DIRECTOR 1.00 X 0 0 0 WARD DAVENPORT VICE CHAIR 5.00 X X 0 0 0 DAVID CAINES TREASURER 5.00 X X 0 0 0 EDNA VARNER SECRETARY 5.00 X X 0 0 0 AARON LOVE DIRECTOR 1.00 X 0 0 0 TED ALLING CO-CHAIR 5.00 X X 0 0 0 KELLY ALLING CO-CHAIR 5.00 X X 0 0 0 AMBER WILLIAMS DIRECTOR 1.00 X 0 0 0 SHEWANEE HOWARD-BAPTISTE DIRECTOR 1.00 X 0 0 0 MOISE BAPTISTE DIRECTOR 1.00 X 0 0 0 S DAVE BHATTACHARYA MD DIRECTOR 1.00 X 0 0 0 BRAD SCOTT CEO 40.00 X 159757 0 0 159757 0 0 1 0 1 0 LAVINIAA GROUP LLC 2805 DODD RD STE 200 EAGAN MN 55121 EDUCATION 307276 CHATTANOOGA BUS COMPANY 10010 MEADOWSTONE DR APISON TN 37302 TRANSPORTATION 245617 IMPACT FACILITY SOLUTIONS LLC 832 GEORGIA AVE CHATTANOOGA TN 37402 COMMERCIAL CLEANING 185997 TECHNOLOGY LAB 21 CLEVELAND AVE NASHVILLE TN 37210 IT SERVICES 170828 4 83364 8985885 1361832 10431081 ATHLETIC DEPARTMENT 611110 328276 328276 328276 8194 8194 0 83364 16418 -16418 -16418 ISSUANCE OF LONG-TERM LEASE OBLIG 611110 241681 241681 241681 10992814 569957 0 -8224 X 864516 864516 195000 195000 4011363 2266843 1502978 241542 640763 380204 231574 28985 313128 181323 121611 10194 1952187 981931 834921 135335 1789 1789 301454 205359 96095 53645 28731 24914 9602 9602 170164 170164 88145 88145 SUPPLIES 538001 369688 164915 3398 STAFF DEVELOPMENT 156308 156308 MISCELLANEOUS 51957 51957 COMMUNICATION 38932 38932 9386954 5629903 3337597 419454 1115279 2361722 675297 458005 70183 65709 91267 112728 1280051 588524 301083 691527 761665 934420 3014774 4624111 172520 153394 186813 455258 359333 608652 X 1410405 2067838 301083 484061 943953 1463560 2655441 4015459 3014774 4624111 X 1605860 -245842 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 86151 14282 71869 892857 493489 399368 301043 80753 220290 691527 DEFERRED OUTFLOWS 431097 NET PENSION ASSET 297903 RESERVE TRUST ASSET 199943 OTHER CURRENT ASSETS 5477 934420 DEFERRED INFLOWS 205414 NET PENSION LIABILITY 14362 DUE TO RELATED ENTITY 28016 NET LEASE OBLIGATIONS 207466 455258 X 11553851 786300 16418 802718 10751133 241681 241681 10992814 10701120 786300 245842 663029 1695171 9005949 381005 381005 9386954 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, 2024 THERE WERE NO INTEREST OR PENALTIES RECORDED AND INCLUDED IN THE THESE FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS ENDED JUNE 30,2021 AND BEYOND REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING 16,418. PART XI, LINE 4B - OTHER ADJUSTMENTS: ISSUANCE OF LONG-TERM LEASE OBLIGATIONS 241,681. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAPITAL OUTLAY 560,609. INCREASE IN PENSION LIABILITY 86,002. FUNDRAISING 16,418. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION 170,164. ISSUANCE OF LONG-TERM LEASE OBLIGATIONS 207,466. DEFERRED SCHOOL FEES 3,375. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICIZED ON WEBSITE AND APPLICATIONS. SCHEDULE E, PART I, LINE 6 DURING THE FISCAL YEAR ENDING JUNE 30, 2024, THE ORGANIZATION RECEIVED $6,644,448 ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION, PASSED THROUGH THE HAMILTON COUNTY AND STATE OF TENNESSEE DEPARTMENTS OF EDUCATION. THEY ALSO RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF AGRICULTURE FOR $314,548. BREAKFAST OF CHAMPIONS 83364 83364 9225 7193 83364 83364 9225 7193 16418 -16418 0 FRIENDS OF CHATTANOOGA PREP INC 1849 UNION AVENUE CHATTANOOGA TN 37404 813512599 501(C)(3) 864516 0 FOR THE SUPPORT OF THE ORGANIZATION 0 0 0 0 0 0 0 0 0 BRAD SCOTT CEO 159757 0 0 0 0 0 0 0 0 0 159757 0 0 0 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. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 981,931. MANAGEMENT AND GENERAL EXPENSES 834,921. FUNDRAISING EXPENSES 135,335. TOTAL EXPENSES 1,952,187. FORM 990, PART XI, LINE 9: TRANSITION OF INTERNAL SCHOOL FUNDS -245,842. FRIENDS OF CHATTANOOGA PREP INC 1849 UNION AVENUE CHATTANOOGA TN 37404 813512599 SUPPORT OF PREP PUBLIC SCHOOLS TN 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FRIENDS OF CHATTANOOGA PREP B 864516 CASH