2026-02-24T14:21:53-06:00 2025-06-30 275360847 CROSSLIN PLLC 107 KENNER AVENUE NASHVILLE TN 37205 990 2024-07-01 464280290 LEADERSHIP PREPARATORY INC LEADERSHIP PRERPARATORY CHARTER SCHOOL LEAD 9013783917 4190 ELLISTON ROAD MEMPHIS TN 38111 VALISSIA ALLEN EXECUTIVE DIRECTOR 9013783917 2026-02-24 1 1 RODNEY C BROWER P00168898 6153205500 2024 2025-03-06 01:10:19Z VALISSIA ALLEN 4190 ELLISTON ROAD MEMPHIS TN 38111 7077135 0 X LEADMEMPHIS.ORG X 2014 TN SEE SCHEDULE O 10 10 94 10 0 0 1922013 1143532 5499276 5916530 13391 10857 2957 546 7437637 7071465 0 0 0 0 4937701 4720877 0 0 0 1649078 1792369 6586779 6513246 850858 558219 5900468 6620289 1280554 1442156 4619914 5178133 X SEE SCHEDULE O 0 0 5211478 5916530 LEADERSHIP PREPARATORY CHARTER SCHOOL (THE SCHOOL) HAS CONTINUED TO PROVIDE A HIGH-QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS,COMBATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. THE SCHOOL PROVIDES RIGOROUS AND SUPPORTIVE EDUCATIONAL SERVICES FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS AND PRIORITIZES PARENT, COMMUNITY, AND STAKEHOLDER ENGAGEMENT. AUTHORIZED BY THE SHELBY COUNTYBOARD OF EDUCATION, THE SCHOOL OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIRST GRADE STUDENTS ON 08/15/2015. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY. 5211478 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 32 0 94 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X GT3 GROUP LLC 9013369570 5350 POPLAR AVENUE STE 200 MEMPHIS TN 38119 SHERRITA MASON WADE SECRETARY 1.00 X X 0 0 0 PATRICK MALONEY TREASURER 1.00 X X 0 0 0 NAKEISHA OWENS-GRIFFIN BOARD MEMBER 1.00 X 0 0 0 TANYA KIRK CHAIRMAN 1.00 X 0 0 0 DENICE M OLATUNJI BOARD MEMBER 1.00 X 0 0 0 PATRICK NEWMAN BOARD MEMBER 1.00 X 0 0 0 MATTHEW HURT BOARD MEMBER 1.00 X 0 0 0 JEREMY PATTERSON BOARD MEMBER 1.00 X 0 0 0 THOMAS MCDONALD VICE BOARD CHAIR 1.00 X 0 0 0 TERAMENA OLIVER BOARD MEMBER 1.00 X 0 0 0 VALISSIA ALLEN FOUNDER/HEAD OF SCHOOL 40.00 X 120176 0 6656 CORLISS JAMES HCE 40.00 X 115041 0 6656 TENISIA HICKS-SWEENEY DIRECTOR OF OPERATIONS 40.00 X 117500 0 12313 JASMINE HOWARD PRINCIPAL (FORMER) 40.00 X 110252 0 0 462969 0 25625 4 1 0 0 FIFER & ASSOCIATES 1441 S PERKIND RD MEMPHIS TN 38117 BUILDING IMPROVEMENTS & REPAIRS 161559 ASHLEY TIPTON 1510 LIVEWELL CIRCLE MEMPHIS TN 38114 CLEANING SERVICES 145680 WIRED TECHNOLOGY PARTNERS 11221 RICHARDSON DR NORTH LITTLE ROCK AR 72113 TECH SERVICE/REPAIRS 119455 PRINCETON JAMES PROJECT 2840 BROAD AVE APT 124 MEMPHIS TN 38112 ENRICHMENT PARTNER 108220 4 483105 660427 1143532 SCS PER PUPIL ALLOCATI 611110 5890959 5890959 OTHER 900099 25571 25571 5916530 10857 10857 6216 5670 546 546 7071465 5916530 0 11403 120176 120176 3867723 3190319 677404 210165 168132 42033 215299 172239 43060 307514 246011 61503 118497 5925 112572 280826 224754 56072 788954 670467 118487 7135 6065 1070 153400 130390 23010 40811 20406 20405 SUPPLIES 324979 306997 17982 OTHER EXTRACURRICULAR A 40806 40806 MISCELLANEOUS EXPENSES 32916 25529 7387 EQUIPMENT RENTAL & MAIN 4045 3438 607 6513246 5211478 1301768 0 3712093 4014845 373753 391535 0 1555 1988478 1127076 535276 861402 140167 102449 1139179 1248503 5900468 6620289 298165 410974 982389 1031182 1280554 1442156 X 3720046 4112665 899868 1065468 4619914 5178133 5900468 6620289 558219 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 57626 57626 7240 7240 1356860 691481 665379 282811 178604 104207 283941 256991 26950 861402 RESTRICTED ASSET -TCRS SRT 255219 NET PENSION ASSETS 619573 DEFERRED PENSION OUTFLOWS 373711 1248503 RIGHT-OF-USE LEASE LIABILITY, DUE IN MORE THAN ONE YEAR 167420 DUE TO RELATED ENTITY 592679 DEFERRED INFLOWS GASB 68 271083 1031182 X 7077135 5670 5670 7071465 0 7071465 6518916 5670 5670 6513246 0 6513246 PART X, LINE 2: THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS EVIDENCED BY A LETTER OF DETERMINATION DATED SEPTEMBER 3, 2014. AS AN EXEMPT CORPORATION, THE ENTITIES MUST OPERATE IN CONFORMITY WITH THE IRC IN ORDER TO MAINTAIN THEIR TAX-EXEMPT STATUS. THE ENTITY IS ALSO EXEMPT FROM STATE INCOME TAX. THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN POSITIONS. TAX POSITIONS FOR THE SCHOOL INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES RECLASSIFIED TO REVENUE 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 LEADERSHIP PREP IS A PUBLC CHARTER SCHOOL AND ABIDES BY ALL APPLICABLE ANTI-DISCRIMINATION POLICIES. SCHEDULE E, PART I, LINE 6 THE SCHOOL IS THE RECIPIENT OF FINANCIAL ASSISTANCE THROUGH FEDERAL, STATE AND PRIVATE AGENCIES. AS A PUBLIC SCHOOL, FUNDING COMES PRIMARILY THROUGH THE PER-PUPIL ALLOCATION FROM SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE SCHOOL ASL BENEFITS FROM CAPITAL GRANTS AND PUBLIC CONTRIBUTIONS. 0 0 0 0 0 0 0 0 0 JASMINE HOWARD PRINCIPAL (FORMER) 110252 0 0 0 0 0 0 0 0 0 110252 0 0 0 FORM 990, PART I, LINE 1, ORGANIZATION MISSION OR SIGNIFICANT ACTIVITY LEADERSHIP PREPARATORY CHARTER SCHOOL IS AN ACADEMICALLY CHALLENGING, DISCIPLINED, SUPPORTIVE, AND JOYFUL SCHOOL. OUR MISSION ISA TO PROVIDE K-8 STUDENTS WITH THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO EXCEL IN HIGH SCHOOL, GRADUATE FROM COLLEGE, AND LEAD IN THEIR COMMUNITIES. AUTHORIZED BY THE SHELBY COUNTY BOARD OF EDUCATION, LEADERSHIP PREP OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIST GRADE STUDENTS ON AUGUST 10, 2015. EACH YEAR, WE WILL GROW BY ONE GRADE UNTIL WE REACH OUR FULL CAPACITY AS A K-8 ELEMENTARY AND MIDDLE SCHOOL IN 2024. LEADERSHIP PREP IS COMMITTED TO PROVIDING A QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS AND ELIMINATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. LEADERSHIP PREP WILL PROVIDE A RIGOROUS AND SUPPORTIVE EDUCATIONAL OPTION FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY TO SET THEM ON A PATH TO COLLEGE. FORM 990, PART III, LINE 1 - ORGANIZATION MISSION LEADERSHIP PREPARATORY CHARTER SCHOOL IS AN ACADEMICALLY CHALLENGING, DISCIPLINED, SUPPORTIVE, AND JOYFUL SCHOOL. OUR MISSION ISA TO PROVIDE K-8 STUDENTS WITH THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY TO EXCEL IN HIGH SCHOOL, GRADUATE FROM COLLEGE, AND LEAD IN THEIR COMMUNITIES. AUTHORIZED BY THE SHELBY COUNTY BOARD OF EDUCATION, LEADERSHIP PREP OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIST GRADE STUDENTS ON AUGUST 10, 2015. EACH YEAR, WE WILL GROW BY ONE GRADE UNTIL WE REACH OUR FULL CAPACITY AS A K-8 ELEMENTARY AND MIDDLE SCHOOL IN 2024. LEADERSHIP PREP IS COMMITTED TO PROVIDING A QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS AND ELIMINATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. LEADERSHIP PREP WILL PROVIDE A RIGOROUS AND SUPPORTIVE EDUCATIONAL OPTION FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS FURNISHED A COPY OF THE FORM 990, BUT DO NOT APPROVE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTORS COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON COMPENSATION ANALYSIS AND COMPARISON WITH THE POSITION IN SIMILAR CHARTER SCHOOL ORGANIZATIONS. THE COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON COMPENSATION ANALYSIS AND COMPARISON WITH THE POSITIONS IN SIMILAR CHARTER SCHOOL ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 SEE SCHEDULE O. DOCUMENTS AVAILABLE ON REQUEST. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PART VI, LINE 19 - OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABL NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2 - CHANGE OF OVERSIGHT OR SELECTION PROCESS A COMMITTEE OF THE BOARD OF DIRECTORS SELTCTS THE ACCOUNTANTS AND AUDITORS. LEADERSHIP PREPARATORY REAL ESTATE 4190 ELLISTON ROAD MEMPHIS TN 38111 851244071 REAL ESTATE LEASING TN 501(C)(2) LEADERSHIP PREPARATORY INC 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 LEADERSHIP PREPARATORY REAL ESTATE K 422853 FMV LEADERSHIP PREPARATORY REAL ESTATE E 650519 ACTUAL AMOUNTS