Jackson Preparatory School Foundation
- Assets
- $34.5m
- Revenue
- $13.5m
- Investments
- $4.1m
- Employees
- 155
- Location
- Flowood, MS
- Founding
- 01/1991
- Data as of
- 06/2022
- EIN
- 57-0889451
Organization Overview
Jackson Preparatory School Foundation is located in Flowood, MS. The organization was established in 1991. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Jackson Preparatory School Foundation employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Preparatory School Foundation 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 06/2022, Jackson Preparatory School Foundation generated $13.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $13.0m during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JACKSON PREPARATORY SCHOOL FOUNDATION OPERATES A PRIVATE SECONDARY SCHOOL SERVING STUDENTS IN HINDS, MADISON, AND RANKIN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JACKSON PREPARATORY SCHOOL FOUNDATION PROVIDES EDUCATION TO APPROXIMATELY 713 STUDENTS IN GRADES SIX THROUGH TWELVE. VARIOUS STUDENT ACTIVITIES ARE ALSO OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Coco Head Of School | 40 | $237,960 | |
Denny Britt Chief Operating Officer | 40 | $177,739 | |
Crisler Boone Chief External Affairs Officer | 40 | $157,408 | |
Luke Nealey Assistant Head/head Of Hs | 40 | $114,864 | |
Mary Elizabeth Upton Vice President | OfficerTrustee | 1 | $0 |
Joe Stradinger Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,154,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,154,981 |
| Total Program Service Revenue | $9,953,731 |
| Investment income | $70,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,481 |
| Net Income from Fundraising Events | $104,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $120,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,506,149 |
| 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. | $687,971 |
| Compensation of current officers, directors, key employees. | $687,971 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,867,816 |
| Pension plan accruals and contributions | $235,742 |
| Other employee benefits | $348,717 |
| Payroll taxes | $479,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $148,762 |
| Advertising and promotion | $174,134 |
| Office expenses | $156,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $300,767 |
| Travel | $8,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $133,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,690,582 |
| Insurance | $0 |
| All other expenses | $869,874 |
| Total functional expenses | $12,993,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,866,047 |
| Pledges and grants receivable | $2,541,574 |
| Accounts receivable, net | $122,807 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $578,292 |
| Prepaid expenses and deferred charges | $438,711 |
| Net Land, buildings, and equipment | $20,839,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,127,167 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $856,682 |
| Total assets | $34,520,823 |
| Accounts payable and accrued expenses | $1,199,491 |
| Grants payable | $0 |
| Deferred revenue | $2,353,039 |
| 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 | $5,033,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,585,667 |
| Net assets without donor restrictions | $21,257,936 |
| Net assets with donor restrictions | $4,677,220 |
| 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 | $34,520,823 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Jackson Preparatory School Foundation has recieved totaling $960,304.
| Awarding Organization | Amount |
|---|---|
Ergon Foundation Inc Jackson, MS PURPOSE: CAPITAL CAMPAIGN | $600,000 |
Selby And Richard Mcrae Foundation Jackson, MS PURPOSE: TUITION ENDOWMENT | $250,000 |
Ergon Foundation Inc Jackson, MS PURPOSE: RESOURCE & LEARNING SERVICES | $75,000 |
Ergon Foundation Inc Jackson, MS PURPOSE: GENERAL SUPPORT | $35,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $150 |
Endowment Analysis
| Beg. Balance | $4,314,433 |
| Earnings | -$583,929 |
| Admin Expense | $17,522 |
| Net Contributions | $503,070 |
| Other Expense | $53,600 |
| Grants | $6,706 |
| Ending Balance | $4,155,746 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Community School For Apprenticeship Learning Inc Baton Rouge, LA | $35,523,575 | $32,794,554 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Metairie Park Country Day School Metairie, LA | $48,222,871 | $23,246,338 |
Idea Public Schools Louisiana Inc Baton Rouge, LA | $5,073,579 | $25,941,968 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |