STRATEGY STUDIO / PUBLIC DATA EXPLORER

PREP PUBLIC SCHOOLS: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
PREP PUBLIC SCHOOLS (EIN 81-3512812)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-15
IRS object ID
202631359349305958
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-05-15T11:56:59-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621046406PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON HICKEY & MURCHISON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12215 OLAN MILLS DRIVEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37421ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN813512812EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PREP PUBLIC SCHOOLSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPREPBusinessNameControlTxt
Phone4236645722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11802 BAILEY AVENUEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37404ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID CAINESPersonNm
Person TitleTREASURERPersonTitleTxt
Phone4236645722PhoneNum
Signature2026-05-15SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHERRI ANDERSONPreparerPersonNm
PTINP01228421PTIN
Phone4237560052PhoneNum
Preparation2026-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTED ALLINGPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11802 BAILEY AVENUEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37404ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$13,486,293GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://CHATTANOOGAPREP.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2017FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionPREP PUBLIC SCHOOLS IS AN ALL-BOYS PUBLIC CHARTER SCHOOL WITH A MISSION TO ENGAGE YOUNG MEN IN A RIGOROUS YET SUPPORTIVE LEARNING ENVIRONMENT THAT NURTURES RESILIENCE, PROMOTES ACADEMIC EXCELLENCE, INSPIRES LEADERSHIP, AND PREPARES CRITICAL THINKERS. PREP PUBLIC SCHOOLS WELCOMED ITS FIRST CLASS OF 66 SIXTH GRADERS IN AUGUST 2018 AND WILL GROW TO SERVE 350 YOUNG MEN IN GRADES 6-12 OVER THE NEXT SEVEN YEARS.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee129TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$10,431,081PYContributionsGrantsAmt
CY Contributions Grants$11,733,520CYContributionsGrantsAmt
PY Program Service Revenue$328,276PYProgramServiceRevenueAmt
CY Program Service Revenue$547,889CYProgramServiceRevenueAmt
PY Investment Income$8,194PYInvestmentIncomeAmt
CY Investment Income$4,884CYInvestmentIncomeAmt
PY Other Revenue$225,263PYOtherRevenueAmt
CY Other Revenue$1,189,431CYOtherRevenueAmt
PY Total Revenue$10,992,814PYTotalRevenueAmt
CY Total Revenue$13,475,724CYTotalRevenueAmt
PY Grants And Similar Paid$864,516PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,256,401CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,160,254PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$7,291,342CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$26,149CYTotalFundraisingExpenseAmt
PY Other Expenses$3,362,184PYOtherExpensesAmt
CY Other Expenses$4,755,682CYOtherExpensesAmt
PY Total Expenses$9,386,954PYTotalExpensesAmt
CY Total Expenses$13,303,425CYTotalExpensesAmt
PY Revenues Less Expenses$1,605,860PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$172,299CYRevenuesLessExpensesAmt
Total Assets BOY$4,624,111TotalAssetsBOYAmt
Total Assets EOY$5,858,432TotalAssetsEOYAmt
Total Liabilities BOY$608,652TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,398,160TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,015,459NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,460,272NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPREP PUBLIC SCHOOLS IS AN ALL-BOYS PUBLIC CHARTER SCHOOL WITH A MISSION TO ENGAGE YOUNG MEN IN A RIGOROUS YET SUPPORTIVE LEARNING ENVIRONMENT THAT NURTURES RESILIENCE, PROMOTES ACADEMIC EXCELLENCE, INSPIRES LEADERSHIP, AND PREPARES CRITICAL THINKERS. PREP PUBLIC SCHOOLS WELCOMED ITS FIRST CLASS OF 66 SIXTH GRADERS IN AUGUST 2018 AND WILL GROW TO SERVE 350 YOUNG MEN IN GRADES 6-12 OVER THE NEXT SEVEN YEARS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,072,397ExpenseAmt
Grant$1,256,401GrantAmt
Revenue$1,747,889RevenueAmt
DescTHE PRIMARY SERVICE ACCIMPLISHMENT IS PROVIDING QUALITY EDUCATION TO THE COMMUNITY'S MOST VULNERABLE POPULATIONS. THE COMPREHENSIVE,COLLEGE PREPARATORY CURRICULUM IS CENTERED AROUND THEMES OF INNOVATION AND LEADERSHIP DEVELOPMENT, WHICH ARE INFUSED ACROSS RIGOROUS COURSEWORK IN LITERACY AND COMMUNICATION, SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, THE ARTS, AND SOCIAL/CULTURAL STUDIES. THE CURRICULUM HAS BEEN CAREFULLY AND INTENTIONALLY DESIGNED TO AMELIORATE SPECIFIC BARRIERS THAT NEGATIVELY IMPACT STUDENT ACHIEVEMENT AMONG BOYS AND YOUNG MEN EXPERIENCING POVERTY WITHIN HAMILTON COUNTY.Desc
Total Program Service Expenses$8,072,397TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document39IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee129EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KELSEY CANNONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4236645722PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 UNION AVENUEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37404ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JIMMY HASLAM
DIRECTOR1.00Yes (X)$0$0$0
WARD DAVENPORT
VICE CHAIR5.00Yes (X)$0$0$0Yes (X)
DAVID CAINES
TREASURER5.00Yes (X)$0$0$0Yes (X)
EDNA VARNER
SECRETARY5.00Yes (X)$0$0$0Yes (X)
AARON LOVE
DIRECTOR1.00Yes (X)$0$0$0
TED ALLING
CO-CHAIR5.00Yes (X)$0$0$0Yes (X)
KELLY ALLING
CO-CHAIR5.00Yes (X)$0$0$0Yes (X)
AMBER WILLIAMS
DIRECTOR1.00Yes (X)$0$0$0
SHEWANEE HOWARD-BAPTISTE
DIRECTOR1.00Yes (X)$0$0$0
MOISE BAPTISTE
DIRECTOR1.00Yes (X)$0$0$0
S DAVE BHATTACHARYA MD
DIRECTOR1.00Yes (X)$0$0$0
ARMANDO RODRIGUEZ
DIRECTOR1.00Yes (X)$0$0$0
TRICIA ALLEN
DIRECTOR1.00Yes (X)$0$0$0
TROY KEMP
CEO40.00$68,182$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$68,182TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
LAVINIA GROUP LLC
2805 DODD RD STE 200EAGANMN55121EDUCATION$268,096
CHATTANOOGA BUS COMPANY
10010 MEADOWSTONE DRAPISONTN37302TRANSPORTATION$247,625
IMPACT FACILITY SOLUTIONS LLC
832 GEORGIA AVECHATTANOOGATN37402COMMERCIAL CLEANING$195,366
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt
Fundraising$43,934FundraisingAmt
Government Grants$9,259,666GovernmentGrantsAmt
All Other Contributions$2,429,920AllOtherContributionsAmt
Total Contributions$11,733,520TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescATHLETIC DEPARTMENTDesc
Business611110BusinessCd
Total Revenue Column$547,889TotalRevenueColumnAmt
Related Or Exempt Func Income$547,889RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$547,889TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,884TotalRevenueColumnAmt
Exclusion$4,884ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$43,934ContriRptFundraisingEventAmt
Fundraising Direct Expenses$10,569FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$10,569TotalRevenueColumnAmt
Exclusion-$10,569ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescISSUANCE OF LONG-TERM LEASE OBLIGDesc
Business611110BusinessCd
Total Revenue Column$1,200,000TotalRevenueColumnAmt
Related Or Exempt Func Income$1,200,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,200,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,475,724TotalRevenueColumnAmt
Related Or Exempt Func Income$1,747,889RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$5,685ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,256,401TotalAmt
Program Services$1,256,401ProgramServicesAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$5,930,415TotalAmt
Program Services$3,531,769ProgramServicesAmt
Management And General$2,398,646ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$916,997TotalAmt
Program Services$540,043ProgramServicesAmt
Management And General$376,954ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$443,930TotalAmt
Program Services$262,704ProgramServicesAmt
Management And General$181,226ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,668,022TotalAmt
Program Services$1,317,885ProgramServicesAmt
Management And General$1,330,909ManagementAndGeneralAmt
Fundraising$19,228FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$251TotalAmt
Management And General$251ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,008TotalAmt
Management And General$1,008ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$375,206TotalAmt
Program Services$314,632ProgramServicesAmt
Management And General$60,574ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$98,298TotalAmt
Program Services$68,871ProgramServicesAmt
Management And General$29,427ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$11,592TotalAmt
Management And General$11,592ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$216,316TotalAmt
Management And General$216,316ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$152,379TotalAmt
Management And General$152,379ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
SUPPLIES$937,034$705,365$224,748$6,921
STAFF DEVELOPMENT$243,489$74,727$168,762
COMMUNICATION$52,087$52,087

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,303,425TotalAmt
Program Services$8,072,397ProgramServicesAmt
Management And General$5,204,879ManagementAndGeneralAmt
Fundraising$26,149FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,361,722BOYAmt
EOY$2,665,272EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$458,005BOYAmt
EOY$1,027,039EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$65,709BOYAmt
EOY$225,294EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$112,728BOYAmt
EOY$61,803EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,536,318LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$804,839LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$691,527BOYAmt
EOY$731,479EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$934,420BOYAmt
EOY$1,147,545EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,624,111BOYAmt
EOY$5,858,432EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$153,394BOYAmt
EOY$477,857EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$455,258BOYAmt
EOY$2,920,303EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$608,652BOYAmt
EOY$3,398,160EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$2,067,838BOYAmt
EOY$934,585EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$484,061BOYAmt
EOY$579,463EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$1,463,560BOYAmt
EOY$946,224EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,015,459BOYAmt
EOY$2,460,272EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,624,111BOYAmt
EOY$5,858,432EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$172,299ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$522,690PriorPeriodAdjustmentsAmt
Other Changes In Net Assets-$1,204,796OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$131,181OtherCostOrOtherBasisAmt
Depreciation$22,973DepreciationAmt
Book Value$108,208BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,075,794OtherCostOrOtherBasisAmt
Depreciation$631,974DepreciationAmt
Book Value$443,820BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$329,343OtherCostOrOtherBasisAmt
Depreciation$149,892DepreciationAmt
Book Value$179,451BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$731,479TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (4 entries)

DescDescBook ValueBookValueAmt
DEFERRED OUTFLOWS$466,780
NET PENSION ASSET$384,017
RESERVE TRUST ASSET$291,271
OTHER CURRENT ASSETS$5,477
FieldValueIRS element (for citing)
Total Book Value Other Assets$1,147,545TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
DEFERRED INFLOWS$221,655
NET PENSION LIABILITY$10,691
DUE TO RELATED ENTITY$31,192
NET LEASE OBLIGATIONS$1,764,819
CASH OVERDRAFT - KNOXVILLE PREP, INC$891,946
FieldValueIRS element (for citing)
Total Liability$2,920,303TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$14,369,430TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$883,137DonatedServicesAndUseFcltsAmt
Other Revenue$10,569OtherRevenueAmt
Revenue Not Reported$893,706RevenueNotReportedAmt
Revenue Subtotal$13,475,724RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,475,724TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$14,795,537TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$883,137DonatedServicesUseFcltsAmt
Losses Reported$1,204,796LossesReportedAmt
Other Expenses Included$820,495OtherExpensesIncludedAmt
Expenses Not Reported$2,908,428ExpensesNotReportedAmt
Expenses Subtotal$11,887,109ExpensesSubtotalAmt
Other Expenses Not Included$1,416,316OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$1,416,316ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,303,425TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE SCHOOL IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. THE SCHOOL FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE REGARDING UNCERTAIN TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE PERIOD ENDED JUNE 30, 2025 THERE WERE NO INTEREST OR PENALTIES RECORDED AND INCLUDED IN THE THESE FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS ENDED JUNE 30,2022 AND BEYOND REMAIN SUBJECT TO EXAMINATION.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING 10,569.
PART XII, LINE 2D - OTHER ADJUSTMENTS:CAPITAL OUTLAY 256,267. INCREASE IN PENSION LIABILITY 107,381. FUNDRAISING 10,569. COMPENSATED ABSENCES 388,983. DEFERRED SCHOOL FEES 1,845. ISSUANCE OF LONG-TERM LEASE OBLIGATIONS 55,450.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DEPRECIATION 216,316. LOAN PROCEEDS 1,200,000.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3PUBLICIZED ON WEBSITE AND APPLICATIONS.
SCHEDULE E, PART I, LINE 6DURING THE FISCAL YEAR ENDING JUNE 30, 2025, THE ORGANIZATION RECEIVED $7,973,693 ASSISTANCE FROM THE U.S. DEPARTMENT OF EDUCATION, PASSED THROUGH THE HAMILTON COUNTY AND STATE OF TENNESSEE DEPARTMENTS OF EDUCATION. THEY ALSO RECEIVED ASSISTANCE FROM THE U.S. DEPARTMENT OF AGRICULTURE FOR $406,737 AND THE FEDERAL COMMUNICATIONS COMMISSION FOR $21,878.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BREAKFAST OF CHAMPIONSEvent1Nm
Gross Receipts Event1$43,934GrossReceiptsEvent1Amt
Charitable Contri Event1$43,934CharitableContriEvent1Amt
Food And Beverage Event1$5,250FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$5,319OtherDirectExpensesEvent1Amt
Gross Receipts Total$43,934GrossReceiptsTotalAmt
Charitable Contributions Tot$43,934CharitableContributionsTotAmt
Food And Beverage Total Events$5,250FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$5,319OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$10,569DirectExpenseSummaryEventsAmt
Net Income Summary-$10,569NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF CHATTANOOGA PREP INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 UNION AVENUEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37404ZIPCd
FieldValueIRS element (for citing)
Recipient EIN813512599RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$1,256,401CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantFOR THE SUPPORT OF THE ORGANIZATIONPurposeOfGrantTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2BOARD MEMBERS TED ALLING AND KELLY ALLING ARE MARRIED. BOARD MEMBERS SHEWANEE HOWARD-BAPTISTE AND MOISE BAPTISTE ARE MARRIED.
FORM 990, PART VI, SECTION B, LINE 11BTHIS RETURN WILL BE REVIEWED BY THE BOARD BEFORE FILED.
FORM 990, PART VI, SECTION B, LINE 12CEACH DIRECTOR MUST PROMPTLY AND FULLY REPORT TO THE BOARD CHAIR ANY SITUATION THAT MAY CREATE A CONFLICT OF INTEREST. CHATTANOOGA PREP SENDS A COPY OF THE POLICY STATEMENT AND THE CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY TO BE SIGNED BY EACH DIRECTOR.
FORM 990, PART VI, SECTION C, LINE 19NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART IX, LINE 11GCONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,317,885. MANAGEMENT AND GENERAL EXPENSES 1,330,909. FUNDRAISING EXPENSES 19,228. TOTAL EXPENSES 2,668,022.
FORM 990, PART XI, LINE 9:TRANSITION OF INTERNAL SCHOOL FUNDS -1,204,796.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF CHATTANOOGA PREP INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11849 UNION AVENUEAddressLine1Txt
CityCHATTANOOGACityNm
State AbbreviationTNStateAbbreviationCd
ZIP37404ZIPCd
FieldValueIRS element (for citing)
EIN813512599EIN
Primary ActivitiesSUPPORT OF PREP PUBLIC SCHOOLSPrimaryActivitiesTxt
Legal Domicile StateTNLegalDomicileStateCd
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF CHATTANOOGA PREPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeBTransactionTypeTxt
Involved$1,256,401InvolvedAmt
Method Of Amount DeterminationCASHMethodOfAmountDeterminationTxt