2012-05-15T10:17:25-05:00 2011-06-30 ZOCCOLA KAPLAN PLLC 6800 POPLAR AVE SUITE 210 GERMANTOWN TN 38138 990 2010-07-01 264251279 MEMPHIS COLLEGE PREPARATORY SCHOOL MEMP 9012180088 278 GREENLAW AVENUE MEMPHIS TN 38105 JARRETT SPENCE 9012180088 2012-05-15 1 MARCUS ROUNTREE 9015238283 2010 2016-02-24 21:20:13Z JARRETT SPENCE 278 GREENLAW AVE MEMPHIS TN 38105 941006 0 X WWW.MEMPHISCOLLEGEPREP.ORG X 2009 TN TO PROVIDE K-5TH GRADE STUDENTS WITH THE ACADEMIC & ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND LIFE. 9 9 20 10 0 0 492670 421969 34 517443 1100 1594 0 0 493804 941006 0 0 0 0 64246 602792 0 0 952 37502 300167 101748 902959 392056 38047 408451 982225 3884 539611 404567 442614 TO PROVIDE KINDERGARTEN THROUGH FIFTH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND IN LIFE. 0 0 490348 517443 PROVIDING KINDERGARTEN THROUGH 5TH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION TO EXCEL IN SCHOOL AND IN LIFE. 490348 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X JARRETT SPENCE 9012180088 278 GREENLAW AVENUE MEMPHIS TN 38105 MICHAEL WHALEY 40.00 X X 89070 0 0 GEORGE MCCAUGHAN 1.00 X 0 0 0 TYREE DANIELS 1.00 X X 0 0 0 MAGGIE COOPER 1.00 X 0 0 0 CHARLES ELLIOTT 1.00 X 0 0 0 MITTY WILLIAMS 1.00 X 0 0 0 BROOKE MOLPUS 1.00 X X 0 0 0 FENTON WRIGHT 1.00 X X 0 0 0 BRIAN WALLACE 1.00 X 0 0 0 89070 0 0 0 0 0 0 0 382952 39017 16200 421969 PROGRAM REVENUE 611710 511934 511934 MISCELLANEOUS INCOME 611710 4425 4425 OTHER STUDENT RELATED 611110 1009 1009 LUNCH REVENUE 611710 75 75 517443 1594 1594 941006 517443 0 1594 494322 331315 163007 37436 37436 30363 1500 28863 40671 40671 28881 28881 1625 1625 3116 146 2970 9089 9089 30612 30612 2199 2199 61140 61140 13561 13561 25794 25794 27989 14929 13060 18936 18936 TEACHING SUPPLIES 32646 32646 PROFESSIONAL DEVELOPMEN 15608 10231 5377 DUES/SUBSCRIPTIONS/FEES 13115 13115 UNIFORMS 4904 4904 STUDENT ACTIVITIES 4314 4314 6638 4374 1312 952 902959 490348 411659 952 16248 90297 382551 213381 706535 27988 0 678547 9652 408451 982225 3884 61398 478213 3884 539611 X 404567 442614 404567 442614 408451 982225 38047 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36000 36000 610455 12716 597739 60080 15272 44808 678547 941006 902959 38047 0 38047 941006 0 941006 0 941006 902959 0 902959 0 902959 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011, THE FOLLOWING TAX YEARS REMAIN OPEN DUE TO THE APPLICABLE TAX AUTHORITY'S ABILITY TO REVIEW AND ASSESS PREVIOUSLY ISSUED RETURNS; FEDERAL - JUNE 30, 2010 AND 2011. 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, 2011. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF DOCUMENT RETENTION SCHEDULE E, PART I, LINE 4 4B IS N/A BECAUSE AS OF JUNE 30, 2010, THE SCHOOL WAS STILL IN THE START-UP PHASE AND HAD NOT YET BEGUN CLASSES, THEREFORE NO SCHOLARSHIPS OR OTHER FINANCIAL AID WAS AWARDED. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL AID FROM THE STATE OF TENNESSEE AS PART OF THE CHARTER SCHOOL IMPLEMENTATION/NO CHILD LEFT BEHIND GRANT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED DURING THE REGULAR MONTHLY BOARD MEETING THE MONTH PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE 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 15 THE AVERAGE DIRECTORS' COMPENSATION TAKEN FROM THE EXISTING 22 CHARTER SCHOOLS IN THE MEMPHIS, TN AREA WAS OBTAINED AND USED TO MAKE THIS DETERMINATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR.