Intrepid College Preparatory Incorporated
- Assets
- $18.2m
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 152
- Location
- Antioch, TN
- Founding
- 12/2012
- Data as of
- 06/2023
- EIN
- 45-4616636
Organization Overview
Intrepid College Preparatory Incorporated is located in Antioch, TN. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Intrepid College Preparatory Incorporated employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intrepid College Preparatory Incorporated 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 06/2023, Intrepid College Preparatory Incorporated generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $13.4m during the year ending 06/2023. While expenses have increased by 21.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTREPID COLLEGE PREP EQUIPS EVERY PREPSTER AND SCHOLAR IN GRADES FIVE THROUGH TWELVE WITH THE ACADEMIC FOUNDATION, FINANCIAL LITERACY, AND ETHICAL DEVELOPMENT NECESSARY TO EXCEL IN SELECTIVE COLLEGES, EARN PROFESSIONAL OPPORTUNITIES, AND DEMONSTRATE POSITIVE LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTREPID COLLEGE PREPARATORY CHARTER SCHOOL IS A HIGH PERFORMING CHARTER SCHOOL EDUCATING STUDENTS IN NASHVILLE'S LOWEST INCOME AND MOST EDUCATIONALLY UNDERSERVED COMMUNITIES IN SOUTHEAST NASHVILLE. OUR MISSION IS TO EQUIP ALL STUDENTS IN GRADES FIVE THROUGH TWELVE WITH THE ACADEMIC FOUNDATION, FINANCIAL LITERACY, AND ETHICAL DEVELOPMENT NECESSARY TO EXCEL IN SELECTIVE COLLEGES, EARN PROFESSIONAL OPPORTUNITIES, AND DEMONSTRATE POSITIVE LEADERSHIP. THE SCHOOL HAS GROWN FROM A CAMPUS SERVING 84 STUDENTS IN FIFTH GRADE IN 2013 TO A CAMPUS SERVING APPROXIMATELY 860 STUDENTS IN GRADES FIVE THROUGH TWELVE. ON THE 2022 TNREADY STATE ASSESSMENT, INTREPID ACHIEVED THE THIRD HIGHEST GROWTH IN THE CITY IN 8TH GRADE SCIENCE, THE SEVENTH HIGHEST GROWTH IN THE CITY IN 7TH GRADE SCIENCE, AND THE 11TH HIGHEST GROWTH IN THE CITY IN 7TH GRADE MATH. INTREPID EARNED LEVEL 5 GROWTH RATINGS IN BOTH ELA AND SCIENCE ON THE 2023 TNREADY STATE ASSESSMENT. IN 2022, THE FIRST YEAR INTERPID STUDENTS TOOL THE AP SPANISH EXAM, 61% OF STUDENTS SCORED A 4-5, AND 94% OF STUDENTS SCORED A 3-5. 2023 INDEPENDENCE ACADEMY SENIORS HAVE BEEN ACCEPTED INTO 66 COLLEGES AND UNIVERSITIES ACROSS 22 STATES WITH OVER 230 TOTAL ACCEPTANCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barton Member Of Board | Trustee | 2 | $0 |
La'vasia Burford Vice Chair | OfficerTrustee | 2 | $0 |
Ryan Holt Member Of Board | Trustee | 2 | $0 |
Mary Cypress Metz Board Chair | OfficerTrustee | 2 | $0 |
Todd Jones Treasurer | OfficerTrustee | 2 | $0 |
Crews Johnston III Emeritus | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,263,478 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,520 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,350,998 |
| Total Program Service Revenue | $134,790 |
| Investment income | $56,386 |
| 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 | $15,542,174 |
| 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. | $137,279 |
| Compensation of current officers, directors, key employees. | $56,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,536,203 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $366,551 |
| Advertising and promotion | $0 |
| Office expenses | $273,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $725,184 |
| Travel | $684,264 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $203,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,086,871 |
| Insurance | $94,059 |
| All other expenses | $0 |
| Total functional expenses | $13,391,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,279,051 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $259,342 |
| Accounts receivable, net | $0 |
| 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 | $135,484 |
| Net Land, buildings, and equipment | $6,820,569 |
| Investments—publicly traded securities | $23,468 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,659,802 |
| Total assets | $18,177,716 |
| Accounts payable and accrued expenses | $268,760 |
| Grants payable | $0 |
| Deferred revenue | $216,950 |
| 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 | $2,845,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,818,783 |
| Total liabilities | $6,150,168 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $12,027,548 |
| Total liabilities and net assets/fund balances | $18,177,716 |