BETA

MEMPHIS COLLEGE PREPARATORY SCHOOL: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
MEMPHIS COLLEGE PREPARATORY SCHOOL (EIN 26-4251279)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-15
IRS object ID
201620469349301997
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-15T00:00:00-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621657946PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CANNON WRIGHT BLOUNT PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1756 RIDGE LAKE BLVD SUITE 100AddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP381209420ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264251279EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEMPHIS COLLEGE PREPARATORY SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMEMPBusinessNameControlTxt
Phone9012180088PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1278 GREENLAW AVENUEAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38105ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL WHALEYPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone9012180088PhoneNum
Signature2016-02-11SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKATHY PENNELLA CPAPreparerPersonNm
PTINP01278832PTIN
Phone9016857500PhoneNum
Preparation2016-02-11PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL WHALEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1278 GREENLAW AVENUEAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38105ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,841,896GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MEMPHISCOLLEGEPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTO PROVIDE K-5TH GRADE STUDENTS WITH THE ACADEMIC & ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND LIFE.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee37TotalEmployeeCnt
Total Volunteers35TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$651,345PYContributionsGrantsAmt
CY Contributions Grants$629,904CYContributionsGrantsAmt
PY Program Service Revenue$1,545,148PYProgramServiceRevenueAmt
CY Program Service Revenue$2,144,132CYProgramServiceRevenueAmt
PY Investment Income$380PYInvestmentIncomeAmt
CY Investment Income$896CYInvestmentIncomeAmt
PY Other Revenue$34,548PYOtherRevenueAmt
CY Other Revenue$60,344CYOtherRevenueAmt
PY Total Revenue$2,231,421PYTotalRevenueAmt
CY Total Revenue$2,835,276CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,543,961PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,803,211CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$571,365PYOtherExpensesAmt
CY Other Expenses$722,228CYOtherExpensesAmt
PY Total Expenses$2,115,326PYTotalExpensesAmt
CY Total Expenses$2,525,439CYTotalExpensesAmt
PY Revenues Less Expenses$116,095PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$309,837CYRevenuesLessExpensesAmt
Total Assets BOY$1,263,144TotalAssetsBOYAmt
Total Assets EOY$1,388,009TotalAssetsEOYAmt
Total Liabilities BOY$776,510TotalLiabilitiesBOYAmt
Total Liabilities EOY$889,342TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$486,634NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$498,667NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE KINDERGARTEN THROUGH FIFTH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND IN LIFE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,321,432ExpenseAmt
Revenue$2,192,724RevenueAmt
DescPROVIDING KINDERGARTEN THROUGH 5TH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND IN LIFE.Desc
Total Program Service Expenses$1,321,432TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee37EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CHASISTY DOLLEY-JONESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9016206475PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1278 GREENLAW AVENUEAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38105ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TYREE DANIELS
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
MAGGIE COOPER
VICE CHAIR1.00Yes (X)Yes (X)$0$0$0
SEAN MONTESI
TREASURER1.00Yes (X)Yes (X)$0$0$0
TODD SHAPIRO
SECRETARY1.00Yes (X)Yes (X)$0$0$0
MITTY WILLIAMS
PARENT REPRESENTATIVE1.00Yes (X)$0$0$0
SEAN HENNEBERGER
BOARD MEMBER1.00Yes (X)$0$0$0
ANDREW HOLMES
BOARD MEMBER1.00Yes (X)$0$0$0
AARON MUNN
BOARD MEMBER1.00Yes (X)$0$0$0
MICHAEL WHALEY
EXECUTIVE DIRECTOR40.00Yes (X)$92,233$0$12,699
FieldValueIRS element (for citing)
Total Reportable Comp From Org$92,233TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$12,699TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$308,498GovernmentGrantsAmt
All Other Contributions$321,406AllOtherContributionsAmt
Total Contributions$629,904TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SCS PER PUPIL ALLOCATI611710$2,119,225$2,119,225
CHARGES FOR STUDENT SE611710$24,907$24,907
FieldValueIRS element (for citing)
Total Program Service Revenue$2,144,132TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$896TotalRevenueColumnAmt
Exclusion$896ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$18,372FundraisingGrossIncomeAmt
Fundraising Direct Expenses$6,620FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,752TotalRevenueColumnAmt
Exclusion$11,752ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
OTHER INCOME611710$43,288$43,288
PENSION INCOME611710$5,304$5,304
FieldValueIRS element (for citing)
Other Revenue Total$48,592OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,835,276TotalRevenueColumnAmt
Related Or Exempt Func Income$2,192,724RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$12,648ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$94,042TotalAmt
Program Services$54,312ProgramServicesAmt
Management And General$39,730ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,410,326TotalAmt
Program Services$814,512ProgramServicesAmt
Management And General$595,814ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$76,875TotalAmt
Program Services$6,958ProgramServicesAmt
Management And General$69,917ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$112,271TotalAmt
Program Services$63,186ProgramServicesAmt
Management And General$49,085ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$109,697TotalAmt
Program Services$61,737ProgramServicesAmt
Management And General$47,960ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$45TotalAmt
Management And General$45ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$46,000TotalAmt
Management And General$46,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$111,621TotalAmt
Management And General$111,621ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$42,275TotalAmt
Management And General$42,275ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$9,078TotalAmt
Program Services$990ProgramServicesAmt
Management And General$8,088ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$182,801TotalAmt
Program Services$137,101ProgramServicesAmt
Management And General$45,700ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,166TotalAmt
Program Services$11,166ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$20,333TotalAmt
Management And General$20,333ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$69,053TotalAmt
Program Services$51,790ProgramServicesAmt
Management And General$17,263ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,232TotalAmt
Management And General$4,232ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INSTRUCTIONAL EXPENSES$69,376$69,376
BAD DEBT EXPENSE$53,104$53,104
STAFF DEVELOPMENT$53,098$48,081$5,017
OTHER EXPENSE$39,526$2,223$37,303

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$10,520TotalAmt
Management And General$10,520ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,525,439TotalAmt
Program Services$1,321,432ProgramServicesAmt
Management And General$1,204,007ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$389,787BOYAmt
EOY$486,964EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$143,938BOYAmt
EOY$69,086EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,900BOYAmt
EOY$6,249EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$912,274LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$287,313LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$723,519BOYAmt
EOY$624,961EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$200,749EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,263,144BOYAmt
EOY$1,388,009EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$145,504BOYAmt
EOY$41,901EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$431,006BOYAmt
EOY$409,867EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$200,000BOYAmt
EOY$437,574EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$776,510BOYAmt
EOY$889,342EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$486,634BOYAmt
EOY$498,667EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$486,634BOYAmt
EOY$498,667EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,263,144BOYAmt
EOY$1,388,009EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$309,837ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$297,804OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$46,000OtherCostOrOtherBasisAmt
Book Value$46,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$741,318OtherCostOrOtherBasisAmt
Depreciation$182,110DepreciationAmt
Book Value$559,208BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$124,956OtherCostOrOtherBasisAmt
Depreciation$105,203DepreciationAmt
Book Value$19,753BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$624,961TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
DEFERRED OUTFLOWS RELATED TO PENSIONS$137,369
NET PENSION ASSET$63,380
FieldValueIRS element (for citing)
Total Book Value Other Assets$200,749TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED INFLOWS RELATED TO PENSIONSDesc
Amt$437,574Amt
FieldValueIRS element (for citing)
Total Liability$437,574TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,841,896TotalRevEtcAuditedFinclStmtAmt
Other Revenue$6,620OtherRevenueAmt
Revenue Not Reported$6,620RevenueNotReportedAmt
Revenue Subtotal$2,835,276RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,835,276TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,532,059TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$6,620OtherExpensesIncludedAmt
Expenses Not Reported$6,620ExpensesNotReportedAmt
Expenses Subtotal$2,525,439ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,525,439TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE SCHOOL ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2015, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS; FEDERAL - JUNE 30, 2012, 2013, 2014 AND 2015. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2015.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 6,620.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 6,620.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships Recs0MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 4NO SCHOLARSHIPS OR OTHER FINANCIAL AID WAS AWARDED.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVED FINANCIAL AID FROM THE FEDERAL GOVERNMENT AND THE STATE OF TENNESSEE THROUGH THE FOLLOWING AWARDS: TITLE I, ADA PER PUPIL FUNDING, AND CAPITAL OUTLAY.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event15K IN A DAYEvent1Nm
Gross Receipts Event1$8,107GrossReceiptsEvent1Amt
Gross Revenue Event1$8,107GrossRevenueEvent1Amt
Other Direct Expenses Event1$0OtherDirectExpensesEvent1Amt
Event2CLAY;S CLOTHES CLOSETEvent2Nm
Gross Receipts Event2$6,635GrossReceiptsEvent2Amt
Gross Revenue Event2$6,635GrossRevenueEvent2Amt
Other Direct Expenses Event2$0OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$3,629GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$3,629GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$6,620OthDirectExpnssOtherEventsAmt
Gross Receipts Total$18,371GrossReceiptsTotalAmt
Gross Revenue Total Events$18,371GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$6,620OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$6,620DirectExpenseSummaryEventsAmt
Net Income Summary$11,751NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS REVIEWED DURING THE REGULAR MONTHLY BOARD MEETING THE MONTH PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE SCHOOL WILL REVIEW THE POLICY ANNUALLY AND ENSURE ALL NEW HIRES AND BOARD MEMBERS REVIEW THE POLICY AND SIGN A DISCLOSURE FORM.
FORM 990, PART VI, SECTION B, LINE 15EXECUTIVE DIRECTOR AND OTHER SALARY AMOUNTS ARE ROOTED IN COMPARISONS TO SIMILAR POISITIONS ACROSS THE CITY AND COUNTY, AND ARE ADJUSTED BY A COST OF LIVING AMOUNT EACH YEAR. THESE AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET, REVIEWED BY THE BOARD FINANCE COMMITTEE, AND ADOPTED BY THE FULL BOARD.
FORM 990, PART VI, SECTION C, LINE 19THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:GASB 68 PENSION ADJUSTMENTS -297,804.
FORM 990, PART XII, LINE 2C:THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

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