Vision Preparatory Charter School Inc
- Assets
- $2.2m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 84
- Location
- Memphis, TN
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 45-3734882
Organization Overview
Vision Preparatory Charter School Inc is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Vision Preparatory Charter School Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vision 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, Vision Preparatory Charter School Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $4.1m during the year ending 06/2021. While expenses have increased by 17.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE KINDERGARTEN THROUGH FIFTH GRADE STUDENTS WITH THE ACADEMIC AND ETHICAL FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL.
OPERATION OF A KINDERGARTEN THROUGH FIFTH GRADE CHARTER SCHOOL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Benton Director & F | Trustee | 40 | $97,693 |
Carrie Carpenter Board Vice-C | OfficerTrustee | 1 | $0 |
Henry Reaves III Board Secret | OfficerTrustee | 1 | $0 |
Marvin Todd Board Chair | OfficerTrustee | 1 | $0 |
Kurt Voldeng Board Treasu | OfficerTrustee | 1 | $0 |
Lenita Patton Parent Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $589,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $641,901 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,231,169 |
| Total Program Service Revenue | $3,584,633 |
| 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 | $4,815,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,668,112 |
| Pension plan accruals and contributions | $32,729 |
| Other employee benefits | $168,559 |
| Payroll taxes | $193,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $74,215 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,301 |
| Advertising and promotion | $0 |
| Office expenses | $14,451 |
| Information technology | $10,863 |
| Royalties | $0 |
| Occupancy | $254,649 |
| Travel | $47,530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,891 |
| Insurance | $57,909 |
| All other expenses | $789 |
| Total functional expenses | $4,082,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $739,772 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,583 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $205 |
| Net Land, buildings, and equipment | $216,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,092,858 |
| Total assets | $2,239,199 |
| Accounts payable and accrued expenses | $27,032 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $305,894 |
| Total liabilities | $332,926 |
| Net assets without donor restrictions | $1,148,335 |
| Net assets with donor restrictions | $757,938 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,239,199 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vision Preparatory Charter School Inc has recieved totaling $493.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $493 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Susan B Anthony List Inc Arlington, VA | $6,109,204 | $16,065,131 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Seton Home Study School Front Royal, VA | $19,128,742 | $13,590,541 |
Instruction Partners Nashville, TN | $7,038,441 | $15,858,376 |
Alabama Nursing Home Association Education Foundation Montgomery, AL | $40,408,149 | $40,141,575 |
Arkansas Public School Resource Center Inc Little Rock, AR | $6,340,415 | $12,760,504 |
Mission Interests Committee Harrison, AR | $10,271,501 | $13,233,204 |
Centennial Place Academy Inc Atlanta, GA | $7,663,078 | $14,548,051 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |