2018-02-28T09:47:57-06:00 2017-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PKWY STE 200 MEMPHIS TN 38120 990 2016-07-01 200028219 MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC MEMP 9014740955 168 JEFFERSON AVE MEMPHIS TN 381042219 DAVID BURKE DIRECTOR OF FINANCE 9014740955 2018-02-26 1 RICHARD A SWOPE CPA P00590766 9016834234 2018-02-10 64.88.174.3 2018-02-26 16:58:25 CS P C6B730BB2C1A39E5FC3294CD7F9FE0486B872D52 5EE5DB7AFC54231BD7527D177808817697718958 2016 2021-01-29 14:40:06Z DAVID BURKE 168 JEFFERSON AVE MEMPHIS TN 381042219 3024258 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 45 0 0 0 2676361 2859303 51495 44659 0 0 0 120296 2727856 3024258 0 0 0 0 0 1753884 0 0 78897 0 711230 0 2465114 2727856 559144 1107683 1514567 465808 313548 641875 1201019 X EDUCATING YOUNG MEN IN GRADES SIX 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 1855965 164955 OPERATION OF A CHARTER SCHOOL FOR YOUNG MEN IN GRADES SIX THROUGH EIGHT. 1855965 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 29 0 1 45 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 CHARLES CAMPBELL DIRECTOR 1.00 X 0 0 0 SHAUNTREL CHANNIN DIRECTOR 1.00 X 0 0 0 SAMANTHA CHASE DIRECTOR 1.00 X 0 0 0 JOEL KRATZ 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 PARKER COUCH SCHOOL DIRECTOR 40.00 X 81768 0 13208 DAVID BURKE DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 74930 0 12733 156698 0 25941 0 0 0 0 0 2453149 406154 2859303 SALE OF MATERIALS & SU 611710 30915 30915 FIELD TRIPS 611710 7283 7283 OTHER LOCAL REVENUE 611710 5723 5723 UNIFORMS 611710 535 535 OTHER REVENUE 611710 203 203 44659 PENSION - GASB68 ADOPT 611620 120296 120296 120296 3024258 164955 0 0 156698 40542 107979 8177 1413872 1235714 135060 43098 43743 37983 5760 139571 117056 18593 3922 540 540 59849 59849 45277 35553 9724 66196 48256 17940 216227 182753 33474 435 435 43322 36824 6498 23951 23951 SUPPLIES 55142 55142 BUS LEASING 49001 49001 PROFESSIONAL DEVELOPMEN 39419 39419 FIELDTRIPS 32386 32386 79485 31575 47910 2465114 1855965 530252 78897 432925 637223 0 0 0 0 76448 112021 375028 123853 267948 251175 330362 514148 1107683 1514567 94704 73651 26335 19283 344769 220614 465808 313548 X 0 0 0 0 641875 1201019 641875 1201019 1107683 1514567 559144 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 187681 25533 162148 143103 86578 56525 44244 11742 32502 251175 DEFERRED OUTFLOWS 457097 NET PENSION ASSET 57051 514148 NET PENSION LIABILITIES 121975 DEFERRED INFLOWS 98639 220614 X 2983961 80000 80000 2903961 120297 120297 3024258 2424817 80000 -120297 -40297 2465114 0 2465114 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, 2017, 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: PENSION - GASB 68 ADOPTION 120,297. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION - GASB 68 ADOPTION -120,297. 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 SHELBY COUNTY SCHOOLS BOARD OF EDUCATION FOR BASIC EDUCATION PROGRAM OF $2,228,169, CAPITAL OUTLAY OF $103,000 AND A TITLE I GRANT OF $121,980. 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.