Nonprofit · EIN 20-0028219
MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,397,035 | $4,717,962 | -$320,927 | $2,558,381 | $308,034 | $2,250,347 |
| June 30, 2024 | 990 | $5,137,775 | $5,115,871 | $21,904 | $2,879,831 | $287,034 | $2,592,797 |
| June 30, 2023 | 990 | $5,464,730 | $5,333,214 | $131,516 | $3,013,167 | $442,274 | $2,570,893 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,259,402
- of which government grants
- $4,181,404
- Program service revenue
- $123,455
- Investment income
- $14,178
- Net gain from sales of assets
- $9,294
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $204,213
- Other salaries and wages
- $2,371,693
- Salaries, compensation and benefits (total)
- $3,308,723
- Professional fundraising fees
- $0
- Accounting fees
- $24,241
- Occupancy
- $386,014
- Depreciation
- $49,417
- Program services (functional)
- $3,826,634
- Management and general (functional)
- $891,328
Balance sheet and other
- Total assets, start of year
- $2,879,831
- Total assets, end of year
- $2,558,381
- Total liabilities, end of year
- $308,034
- Net assets, end of year
- $2,250,347
- Land, buildings and equipment
- $194,121
- Gross receipts
- $4,589,696
- Employees
- 42
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM WARE | EXECUTIVE DIRECTOR Officer | 40 | $204,213 | $21,545 |
| GLENDA YARBROUGH | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LOU ARRINDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANNIN COCHRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACEE WALLS | CO-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| MICHAEL WALLACE | CO-CHAIRMAN Trustee or director | 1 | $0 | $0 |
| AMBER GARRET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON II ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVIS ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILL ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN MCGREGER | DIRECTOR OF FINANCE & OPERATIONS Officer | 40 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM WARE | EXECUTIVE DIRECTOR Officer | 40 | $199,893 | $23,597 |
| ROSS GLOTZBACH | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| GLENDA YARBROUGH | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LOU ARRINDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANNIN COCHRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORDELL WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACEE WALLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WALLACE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER GARRET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON II ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVIS ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILL ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM WARE | EXECUTIVE DIRECTOR Officer | 40 | $187,232 | $24,750 |
| JOHN MCGREGER | DIRECTOR OF FINANCE Officer | 40 | $78,589 | $2,611 |
| ROSS GLOTZBACH | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| GLENDA YARBROUGH | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| LOU ARRINDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHANNIN COCHRAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CORDELL WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACEE WALLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL WALLACE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMBER GARRET | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON II ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AVIS ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 168 JEFFERSON AVE, MEMPHIS, TN 38103-2219
- In care of
- % DAVID BURKE
- Principal officer (990 for 2024)
- TIM WARE, 168 JEFFERSON AVE, MEMPHIS, TN 381042219
- Signed the 990
- TIM WARE, EXECUTIVE DIRECTOR
- Phone
- (901) 474-0955
- Website
- WWW.GRIZZLIESPREP.ORG
- Return prepared by
- HENDERSON HUTCHERSON & MCCULLOUGH PLLC
Mission
EDUCATING YOUNG MEN IN GRADES SIX THROUGH EIGHT, MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL PREPARES ALL STUDENTS TO EXCEL ACADEMICALLY. WITHIN A RIGOROUS AND DISCIPLINED MIDDLE SCHOOL, STUDENTS BECOME EQUIPPED FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE.
Program accomplishments
- OPERATION OF A CHARTER SCHOOL FOR YOUNG MEN IN GRADES FIVE THROUGH EIGHT.Expenses $3,826,634 · revenue $123,455
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0028219
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $2,558,381
- Income (IRS master file)
- $4,589,696
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,397,035 | $4,717,962 | $2,558,381 | XML |
| 990 | June 2024 | $5,137,775 | $5,115,871 | $2,879,831 | XML |
| 990 | June 2023 | $5,464,730 | $5,333,214 | $3,013,167 | XML |
| 990 | June 2022 | $5,461,685 | $4,969,910 | $4,228,946 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0028219).
Questions about MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC
- What is the EIN of MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC?
- The employer identification number (EIN) of MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC is 20-0028219.
- Is MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names TIM WARE.
- Who are the officers and directors of MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $204,213 (TIM WARE, EXECUTIVE DIRECTOR).
- How much revenue does MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,397,035, expenses of $4,717,962 and total assets of $2,558,381 at year end.
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