Memphis Grizzlies Preparatory Charter School Inc

Organization Overview

Memphis Grizzlies Preparatory Charter School Inc is located in Memphis, TN. The organization was established in 2003. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Memphis Grizzlies Preparatory Charter School Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Grizzlies Preparatory Charter School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Memphis Grizzlies Preparatory Charter School Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 9.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THIS ORGANIZATION OPERATES A CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY UNIFIED SCHOOL DISTRICT. IT RECEIVES LOCAL, STATE, AND FEDERAL EDUCATION FUNDING AS WELL AS SUPPLEMENTAL FUNDING FROM THE MEMPHIS GRIZZLIES CHARITABLE FOUNDATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A CHARTER SCHOOL FOR YOUNG MEN IN GRADES FIVE THROUGH EIGHT.


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Board, Officers & Key Employees

Name (title)Compensation
Ben Crowe
Director Of Finance
$72,448
Glenda Yarbrough
Secretary
$0
Ross Glotzbach
President
$0
Tim Ware
Executive Director
$0
Lou Arrindell
Director
$0
Channin Cochran
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,897,810
All other contributions, gifts, grants, and similar amounts not included above$101,240
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,999,050
Total Program Service Revenue$81,517
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,080,567

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Memphis Grizzlies Preparatory Charter School Inc has recieved totaling $10,000.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$10,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Christ School Inc
Arden, NC
$22,399,762
Lexington School Inc
Lexington, KY
$20,273,926
Westminster Christian Academy Association
Town Country, MO
$20,133,441
Foxcroft School
Middleburg, VA
$10,560,576
Thaden School
Bentonville, AR
$15,891,102
St Davids School
Raleigh, NC
$17,520,873
Barstow School
Kansas City, MO
$20,616,227
Academics Plus Charter Schools Inc
Maumelle, AR
$15,799,644
Randolph Macon Academy
Front Royal, VA
$14,186,434
Webb School
Bell Buckle, TN
$18,551,010
Chatham Hall
Chatham, VA
$20,472,226
American Hebrew Academy Inc
Greensboro, NC
$16,098,225

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