Collegiate School Of Memphis
- Assets
- $9.3m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 62
- Location
- Memphis, TN
- Founding
- 03/2008
- Data as of
- 06/2022
- EIN
- 26-0847588
Organization Overview
Collegiate School Of Memphis is located in Memphis, TN. The organization was established in 2008. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Collegiate School Of Memphis employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate School Of Memphis 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, Collegiate School Of Memphis generated $7.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 6 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
THE COLLEGIATE SCHOOL OF MEMPHIS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mclean Wilson Treasurer | Trustee | 2 | $0 |
Tom Marino Chairperson | Trustee | 2 | $0 |
Elliot Perry Board Member | Trustee | 0.5 | $0 |
Keith Okello Board Member | Trustee | 0.5 | $0 |
Isaac Rodriguez Board Member | Trustee | 0.5 | $0 |
Ben Scott Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $707,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,901,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,609,256 |
| Total Program Service Revenue | $651,745 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,261,001 |
| 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. | $233,048 |
| Compensation of current officers, directors, key employees. | $116,524 |
| Compensation to disqualified persons | $2,461,323 |
| Other salaries and wages | $26,518 |
| Pension plan accruals and contributions | $64,852 |
| Other employee benefits | $266,174 |
| Payroll taxes | $200,398 |
| 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 | $19,757 |
| Advertising and promotion | $2,228 |
| Office expenses | $27,601 |
| Information technology | $124,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $240,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,541 |
| Insurance | $54,498 |
| All other expenses | $184,628 |
| Total functional expenses | $5,722,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,662 |
| Savings and temporary cash investments | $2,972,651 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,354 |
| Net Land, buildings, and equipment | $6,164,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,944 |
| Total assets | $9,283,410 |
| Accounts payable and accrued expenses | $218,747 |
| Grants payable | $0 |
| Deferred revenue | $45,705 |
| 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 | $7,813,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,077,672 |
| Net assets without donor restrictions | $1,192,473 |
| Net assets with donor restrictions | $13,265 |
| 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 | $9,283,410 |