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FREEDOM PREPARATORY ACADEMY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
FREEDOM PREPARATORY ACADEMY INC (EIN 26-1342579)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-02-06
IRS object ID
202610379349301226
Schema version
2024v5.5
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)
Return2026-02-06T11:26:19-06:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN410746749PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CLIFTONLARSONALLEN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1901 VIA PIEMONTE SUITE 300AddressLine1Txt
CityONTARIOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP91764ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN261342579EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FREEDOM PREPARATORY ACADEMY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFREEBusinessNameControlTxt
Phone9018284590PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15132 JONETTA STREETAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38109ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonANIKA BALTIMOREPersonNm
Person TitleCFOPersonTitleTxt
Phone9018284590PhoneNum
Signature2026-02-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonWADE MCMULLENPreparerPersonNm
PTINP00541671PTIN
Phone9099857286PhoneNum
Preparation2026-02-05PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerANIKA BALTIMOREPrincipalOfficerNm
Gross Receipts$30,495,662GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.FREEDOMPREP.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2008FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionFREEDOM PREPARATORY ACADEMY PREPARES ALL STUDENTS IN GRADES K-12 TO EXCEL IN COLLEGE AND IN LIFE. IT'S FOCUS IS A CLEAR STRATEGIC AND DIRECT PATH TO COLLEGE FOR EVERY STUDENT THAT ENTERS OUR DOORS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee485TotalEmployeeCnt
Total Volunteers110TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$34,511,322PYContributionsGrantsAmt
CY Contributions Grants$29,633,576CYContributionsGrantsAmt
PY Program Service Revenue$860,350PYProgramServiceRevenueAmt
CY Program Service Revenue$862,086CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$35,371,672PYTotalRevenueAmt
CY Total Revenue$30,495,662CYTotalRevenueAmt
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$19,694,086PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$19,959,554CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$13,411,256PYOtherExpensesAmt
CY Other Expenses$9,496,331CYOtherExpensesAmt
PY Total Expenses$33,105,342PYTotalExpensesAmt
CY Total Expenses$29,455,885CYTotalExpensesAmt
PY Revenues Less Expenses$2,266,330PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,039,777CYRevenuesLessExpensesAmt
Total Assets BOY$56,868,948TotalAssetsBOYAmt
Total Assets EOY$57,153,273TotalAssetsEOYAmt
Total Liabilities BOY$26,601,563TotalLiabilitiesBOYAmt
Total Liabilities EOY$25,846,111TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$30,267,385NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$31,307,162NetAssetsOrFundBalancesEOYAmt
MissionFREEDOM PREPARATORY ACADEMY PREPARES ALL STUDENTS IN GRADES K-12 TO EXCEL IN COLLEGE AND IN LIFE. IT'S FOCUS IS A CLEAR STRATEGIC AND DIRECT PATH TO COLLEGE FOR EVERY STUDENT THAT ENTERS OUR DOORS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$19,594,592ExpenseAmt
Grant$0GrantAmt
Revenue$862,086RevenueAmt
DescFREEDOM PREP ACCOMPLISHES THIS MISSION OF COLLEGE PREPARATION THROUGH A HIGHLY STRUCTURED, CADEMICALLY-CHALLENGING ENVIRONMENT WHERE STUDENTS MASTER THE CORE SUBJECTS, DEVELOP ADVANCED ACADEMIC SKILLS, PARTICIPATE IN CHARACTER-BUILDING EXTRA-CURRICULAR ACTIVITIES AND SPORTS, AND DEMONSTRATE THE SCHOOL'S CORE VALUES.Desc
Total Program Service Expenses$19,594,592TotalProgramServiceExpensesAmt
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
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
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 Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
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 With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
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 Document150IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee485EmployeeCnt
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
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
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 Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ANIKA BALTIMOREBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9012879271PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1136 WEBSTER AVENUEAddressLine1Txt
CityMEMPHISCityNm
State AbbreviationTNStateAbbreviationCd
ZIP38126ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
CARDELL ORRIN
DIRECTOR1.00Yes (X)$0$0$0
BRUCE LANDAU
SECRETARY1.00Yes (X)$0$0$0Yes (X)
RICH BILLINGS
TREASURER1.00Yes (X)$0$0$0Yes (X)
JOHN CORNES
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
ANDRE GIBSON
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
MICHELLE MERCADO
VICE CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
KIM POST
DIRECTOR1.00Yes (X)$0$0$0
ROBLIN WEBB
CEO/FOUNDER40.00$217,864$0$13,869Yes (X)
RHONDA MYLES
CHIEF PEOPLE OFFICER40.00$178,472$0$29,946Yes (X)
JOHNECIA HOWARD
COO40.00$162,512$0$29,226Yes (X)
ANIKA BALTIMORE
CFO40.00$175,271$0$18,875Yes (X)
ARTHUR ROSENTHAL
HEAD OF SCHOOL40.00$100,949$0$29,415Yes (X)
NATASHA JEAN-LOUIS
HEAD OF SCHOOL40.00$100,378$0$22,076Yes (X)
SHAYLA MORGAN
HEAD OF SCHOOL40.00$113,578$0$10,709Yes (X)
MEGAN STITZINGER
CHIEF OF STAFF40.00$170,658$0$18,515Yes (X)
NATASHA SMITH
HEAD OF SCHOOL40.00$102,865$0$21,260Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,322,547TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$193,891TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K10IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TECHNOLOGYX INC
118 N GERMANTOWN PKWY SUITE 101CORDOVATN38016MANAGED DEVICE SERVICES$527,535
WEST MEMPHIS FENCE & CONSTRUCTION INC
410 JEFFERSON AVENUE PO BOX 1565WEST MEMPHISAR72303CONSTRUCTION SERVICES$302,987
136 WEBSTER LLC
431 SOUTH MAIN STREET SUITE 301MEMPHISTN38103LANDLORD$266,103
MAGNOLIA SUPPLY & SERVICE INC
580 TILLMAN STREETMEMPHISTN38112JANITORIAL SUPPLIES$149,703
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$27,746,069GovernmentGrantsAmt
All Other Contributions$1,887,507AllOtherContributionsAmt
Total Contributions$29,633,576TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUS SCHOOL-RELATED REVEDesc
Business611600BusinessCd
Total Revenue Column$862,086TotalRevenueColumnAmt
Related Or Exempt Func Income$862,086RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$862,086TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,495,662TotalRevenueColumnAmt
Related Or Exempt Func Income$862,086RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$849,752TotalAmt
Management And General$849,752ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$15,057,566TotalAmt
Program Services$12,489,952ProgramServicesAmt
Management And General$2,567,614ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$909,676TotalAmt
Program Services$792,009ProgramServicesAmt
Management And General$117,667ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,190,804TotalAmt
Program Services$1,860,446ProgramServicesAmt
Management And General$330,358ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$951,756TotalAmt
Program Services$789,463ProgramServicesAmt
Management And General$162,293ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$13,345TotalAmt
Management And General$13,345ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$146,276TotalAmt
Management And General$146,276ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,252,233TotalAmt
Program Services$442,036ProgramServicesAmt
Management And General$810,197ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$23,788TotalAmt
Management And General$23,788ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$698,280TotalAmt
Program Services$356,123ProgramServicesAmt
Management And General$342,157ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$432,406TotalAmt
Program Services$129,722ProgramServicesAmt
Management And General$302,684ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$873,547TotalAmt
Program Services$262,064ProgramServicesAmt
Management And General$611,483ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$281,677TotalAmt
Management And General$281,677ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$862,956TotalAmt
Management And General$862,956ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,762,728TotalAmt
Program Services$528,818ProgramServicesAmt
Management And General$1,233,910ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$344,549TotalAmt
Management And General$344,549ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD SERVICE$1,503,821$955,446$548,375
INSTRUCTIONAL MATERIALS$793,683$793,683
STUDENT ACTIVITIES$445,076$176,240$268,836
REPAIRS AND MAINTENANCE$158,802$47,641$111,161

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$96,836TotalAmt
Program Services-$29,051ProgramServicesAmt
Management And General-$67,785ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$29,455,885TotalAmt
Program Services$19,594,592ProgramServicesAmt
Management And General$9,861,293ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$14,174,693BOYAmt
EOY$12,584,520EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$974,682BOYAmt
EOY$784,239EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,648BOYAmt
EOY$266,213EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$49,972BOYAmt
EOY$149,084EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$42,910,804LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,566,912LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$35,525,381BOYAmt
EOY$34,343,892EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$669,886BOYAmt
EOY$2,475,190EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,470,686BOYAmt
EOY$6,550,135EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$56,868,948BOYAmt
EOY$57,153,273EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,395,464BOYAmt
EOY$1,021,908EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$9,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$21,173,860BOYAmt
EOY$20,757,926EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,032,239BOYAmt
EOY$4,057,277EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,601,563BOYAmt
EOY$25,846,111EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$30,267,385BOYAmt
EOY$31,307,162EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

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

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

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

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$30,267,385BOYAmt
EOY$31,307,162EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$56,868,948BOYAmt
EOY$57,153,273EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,039,777ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Committee0AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$35,970,192OtherCostOrOtherBasisAmt
Depreciation$3,698,769DepreciationAmt
Book Value$32,271,423BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,410,748OtherCostOrOtherBasisAmt
Depreciation$406,513DepreciationAmt
Book Value$1,004,235BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,529,864OtherCostOrOtherBasisAmt
Depreciation$4,461,630DepreciationAmt
Book Value$1,068,234BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$34,343,892TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
NET PENSION ASSET$3,172,028
TCRS STABILIZATION RESERVE TRUST$1,273,660
PENSION RELATED DEFERRED OUTFLOWS$2,088,924
OTHER CURRENT ASSETS$15,523
FieldValueIRS element (for citing)
Total Book Value Other Assets$6,550,135TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
RETIREMENT CONTRIBUTION PAYABLE$147,645
ACCRUED COMPENSATED ABSENCES$570,482
DEFERRED INFLOWS RELATED TO PENSION$1,140,726
RIGHT TO USE LEASE LIABILITY, DUE WITHIN ONE YEAR$354,891
RIGHT TO USE LEASE LIABILITY, DUE IN MORE THAN ONE YEAR$1,843,533
FieldValueIRS element (for citing)
Total Liability$4,057,277TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$30,495,662TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$30,495,662RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$30,495,662TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$29,455,885TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$29,455,885ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$29,455,885TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SCHOOL IS A NOT-FOR-PROFIT SCHOOL THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE, CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS INCLUDE, BUT ARE NOT LIMITED TO, THE TAX EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, MANAGEMENT HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION.ExplanationTxt

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 RecsYes (1)MaintainScholarshipsRecsInd
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 3A NONDISCRIMINATION STATEMENT IS INCLUDED ON THE SCHOOL'S APPLICATION AND THE NONDISCRIMINATORY POLICIES ARE DISCUSSED AT THE SCHOOL'S OPEN HOUSE.
SCHEDULE E, PART I, LINE 6THE SCHOOL RECEIVES FUNDS FROM THE SHELBY COUNTY SCHOOLS (SCS) AND THE ACHIEVEMENT SCHOOL DISTRICT (ASD) DIVISION OF THE STATE OF TENNESSEE BASED ON A PER-PUPIL ALLOCATION EQUIVALENT. IT ALSO RECEIVES FEDERAL GRANTS AS DIRECT FUNDING AND PASS-THROUGH FUNDING FROM SCS AND ASD.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
ROBLIN WEBB
CEO/FOUNDER$217,864$0$0$0$0$0$13,869$0$0$0$231,733$0$0$0
RHONDA MYLES
CHIEF PEOPLE OFFICER$178,472$0$0$0$0$0$11,550$0$18,396$0$208,418$0$0$0
ANIKA BALTIMORE
CFO$175,271$0$0$0$0$0$11,220$0$7,655$0$194,146$0$0$0
JOHNECIA HOWARD
COO$162,512$0$0$0$0$0$10,830$0$18,396$0$191,738$0$0$0
MEGAN STITZINGER
CHIEF OF STAFF$170,658$0$0$0$0$0$10,860$0$7,655$0$189,173$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BIT WILL BE REVIEWED BY CFO AND DISSEMINATED TO THE FINANCIAL COMMITTEE FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 15CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. COMPENSATION OF OTHER TOP MANAGEMENT PERSONNEL IS BASED ON MARKET STUDIES, ASSESSING THE SALARY OF COMPARABLE INCOMES OF COMPARABLE SIZE AND COMPOSITION OF FREEDOM PREP ACADEMY. STUDIES ARE PERFORMED, SIMILAR TO THE PROCESS DESCRIBED ABOVE, HOWEVER IT IS ASSESSED BY AN INDEPENDENT PERSON, OUTSIDE OF THE ORGANIZATION'S MANAGEMENT.
FORM 990, PART VI, SECTION C, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC.

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