2021-01-13T05:35:41-06:00 2020-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 700 COLONIAL RD STE 220 MEMPHIS TN 381175156 990 2019-07-01 200028219 MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC MEMP 9014740955 168 JEFFERSON AVE MEMPHIS TN 381042219 BEN CROWE DIRECTOR OF FINANCE 9014740955 2021-01-11 1 RICHARD A SWOPE CPA P00590766 9016834234 2021-01-11 2019 2022-09-23 18:48:47Z BEN CROWE 168 JEFFERSON AVE MEMPHIS TN 381042219 4447736 0 X WWW.GRIZZLIESPREP.ORG X 2003 TN 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. 8 8 70 0 0 0 3861213 4363097 47390 84639 0 0 0 0 3908603 4447736 0 0 0 0 2708089 2848634 0 0 1144 1089427 923659 3797516 3772293 111087 675443 1583742 2325833 306691 373339 1277051 1952494 X EDUCATING YOUNG MEN IN GRADES FIVE THROUGH EIGHT, MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL PREPARES ALL STUDENTS TO EXCEL ACADEMICALLY. WITHIN A RIGOROUS AND DISCIPLINED MIDDLE SCHOOL, STUDENTS BECOME EQUIPPED FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE. 0 0 3030248 84639 OPERATION OF A CHARTER SCHOOL FOR YOUNG MEN IN GRADES SIX THROUGH EIGHT. 3030248 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 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 1 38 0 1 70 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X EDTEC INC 5106633500 1410 A 62ND STREET EMERYVILLE CA 94608 ROSS GLOTZBACH PRESIDENT 5.00 X X 0 0 0 GLENDA YARBROUGH SECRETARY 5.00 X X 0 0 0 LOU ARRINDELL DIRECTOR 1.00 X 0 0 0 CHANNIN COCHRAN DIRECTOR 1.00 X 0 0 0 SAMANTHA CHASE DIRECTOR 1.00 X 0 0 0 CORDELL WALKER DIRECTOR 1.00 X 0 0 0 TRACEE WALLS DIRECTOR 1.00 X 0 0 0 ROBERT FOLLOWELL DIRECTOR 1.00 X 0 0 0 PARKER COUCH SCHOOL DIRECTOR - PREVIOUS 40.00 X 45896 0 1731 JASMINE HICKS SCHOOL DIRECTOR 40.00 X 72677 0 9121 BEN CROWE DIRECTOR OF FINANCE 40.00 X 73408 0 15152 191981 0 26004 0 0 0 0 0 4128516 234581 4363097 OTHER LOCAL REVENUE 611710 59692 59692 SALE OF MERCHANDISE & 611710 15259 15259 LEASE/RENTALS 611710 3809 3809 FIELD TRIPS 611710 3555 3555 AFTER SCHOOL PROGRAM 611710 1375 1375 949 949 84639 4447736 84639 0 0 139969 31861 108108 2204175 1939587 264588 334024 276164 57860 170466 141955 28511 6478 6478 62960 62960 120217 90216 30001 29230 28086 1144 233733 198673 35060 26 26 62607 53216 9391 27723 27723 BUS LEASING 88760 88760 SUPPLIES 68128 68128 PROFESSIONAL DEVELOPMEN 50339 50339 FIELDTRIPS AND SPORTS 40576 40576 132882 50773 82109 3772293 3030248 740901 1144 579713 1124577 37200 8256 831 57766 46187 627447 302118 351798 325329 586209 791709 1583742 2325833 137137 44538 169554 328801 306691 373339 X 0 0 0 0 1277051 1952494 1277051 1952494 1583742 2325833 675443 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 274087 75642 198445 256044 185207 70837 97316 41269 56047 325329 DEFERRED OUTFLOWS 261749 NET PENSION ASSET 488373 STABILIZATION RESERVE TRUST 41587 791709 DEFERRED INFLOWS 328801 328801 X 4527736 80000 80000 4447736 0 4447736 3852293 80000 80000 3772293 0 3772293 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MEET REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PERCENTAGE OF STUDENTS ENROLLED. SCHEDULE E, PART I, LINE 6 RECEIVED GRANTS FROM THE TENNESSEE DEPARTMENT OF EDUCATION OF $3,402,366 AND U.S. DEPARTMENT OF EDUCATION GRANTS OF $160,650. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS A CONDITION OF BOARD MEMBERSHIP. EMPLOYEES SIGN A FRAUD REPORTING AGREEMENT THAT COMPELS THEM TO REPORT ANY KNOWN MISAPPROPRIATION OF FUNDS OR RESOURCES BY AN EMPLOYEE OR BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION IS BASED ON COMPENSATION SCHEDULE USED BY OTHER CHARTER SCHOOLS IN MEMPHIS, TN AND NASHVILLE, TN. THE COMPENSATION SCHEDULE WAS APPROVED BY THE SHELBY COUNTY UNIFIED SCHOOL BOARD. FORM 990, PART VI, SECTION C, LINE 19 POLICIES AND PROCEDURES FOR THE SCHOOL ARE DISTRIBUTED TO PARENTS OF THE STUDENTS IN HARD COPY AT THE BEGINNING OF THE SCHOOL YEAR AND ARE AVAILABLE ON THE SCHOOL'S WEBSITE AT WWW.GRIZZLIESPREP.ORG. BOARD MEETING SCHEDULES AND AGENDAS AND MINUTES FOR BOARD MEETINGS ARE AVAIABLE ON THE SCHOOL'S WEBSITE. OTHER DOCUMENTS, SUCH AS ARTICLES OF INCORPORATION, 801C3 DETERMINATION LETTER, AND QUARTERLY/YEARLY FINANCIAL REPORTS ARE PUBLIC REPORTS AND ARE AVAILABLE UPON REQUEST EITHER FROM THE SCHOOL OR THE APPROPRIATE GOVERNEMENT AGENCY. PART XI, LINE 2C THE PROCESS USED BY THE COMMITTEE TO OVERSEE THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.