Chattanooga Prep Inc

Organization Overview

Chattanooga Prep Inc is located in Chattanooga, TN. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Chattanooga Prep Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattanooga Prep Inc 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, Chattanooga Prep Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CHATTANOOGA PREP 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. CHATTANOOGA PREP 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE 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.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Alling
Vice Chair
$0
Ted Alling
Chair
$0
David Caines
Treasurer
$0
Edna Varner
Secretary
$0
Brad Scott
CEO
$0
David Rice MD
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$86,934
Related organizations$0
Government grants $4,755,452
All other contributions, gifts, grants, and similar amounts not included above$1,314,650
Noncash contributions included in lines 1a–1f $105,098
Total Revenue from Contributions, Gifts, Grants & Similar$6,157,036
Total Program Service Revenue$91,999
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 -$3,908
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,245,127

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Chattanooga Prep Inc has recieved totaling $673,347.

Awarding OrganizationAmount
Maclellan Foundation Inc

Chattanooga, TN

PURPOSE: FOR GENERAL OPERATING SUPPORT.

$300,000
Mckenzie Foundation

Chattanooga, TN

PURPOSE: OPERATING FUNDS

$100,000
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: GYM CAPITAL PROJECT

$75,000
Charter Fund Inc

Broomfield, CO

PURPOSE: CHARTER SCHOOL GROWTH

$50,000
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: FRIENDS OF CHATTANOOGA PREP

$25,000
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: 2021 BOYS LEADERSHIP

$20,000
View Grant Recipient Profile

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