Nonprofit · EIN 45-3734882
VISION PREPARATORY CHARTER SCHOOL INC
Tax-exempt · MEMPHIS, TN 38109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,982,973 | $4,967,914 | $1,015,059 | $4,518,376 | $865,255 | $3,653,121 |
| June 30, 2024 | 990 | $6,154,127 | $5,806,160 | $347,967 | $3,876,162 | $1,236,331 | $2,639,831 |
| June 30, 2023 | 990 | $5,527,002 | $5,269,694 | $257,308 | $4,820,956 | $2,377,228 | $2,443,728 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,981,168
- of which government grants
- $5,360,042
- Program service revenue
- $0
- Investment income
- $1,805
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $379,742
- Compensation of officers, directors and key employees
- $230,658
- Salaries, compensation and benefits (total)
- $3,077,413
- Professional fundraising fees
- $0
- Accounting fees
- $48,603
- Occupancy
- $260,560
- Travel
- $1,073
- Depreciation
- $233,460
- Program services (functional)
- $4,679,594
- Management and general (functional)
- $288,320
Balance sheet and other
- Total assets, start of year
- $3,876,162
- Total assets, end of year
- $4,518,376
- Total liabilities, end of year
- $865,255
- Net assets, end of year
- $3,653,121
- Land, buildings and equipment
- $616,456
- Net assets without donor restrictions
- $2,888,705
- Net assets with donor restrictions
- $764,416
- Gross receipts
- $5,982,973
- Employees
- 87
- Year formed
- 2013
- 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 |
|---|---|---|---|
| Thomas Benton | School Director Key employee | 40 | $127,585 |
| Jacqueline C Osby | Chief Finance Operations Officer Key employee | 40 | $103,073 |
| Marvin Todd | Chairman Trustee or director, Officer | 2 | $0 |
| Kurt Voldeng | Treasurer Trustee or director, Officer | 2 | $0 |
| Catrina Wright | Parent Representative Trustee or director, Officer | 2 | $0 |
| John Coates | Board Member Trustee or director, Officer | 2 | $0 |
| Lenita Patton | Board Member Trustee or director, Officer | 2 | $0 |
| Henry Reeves | Board Member Trustee or director, Officer | 2 | $0 |
| Neva Reeves | Board Member Trustee or director, Officer | 2 | $0 |
| Megan Salemi | Board Member Trustee or director, Officer | 2 | $0 |
| Kelly Henderson | Board Member Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Thomas Benton | School Director Key employee | 40 | $131,536 |
| Jacqueline C Osby | Director of Finance Administration Key employee | 40 | $100,997 |
| Marvin Todd | Chairman Trustee or director, Officer | 2 | $0 |
| Kurt Voldeng | Treasurer Trustee or director, Officer | 2 | $0 |
| Catrina Wright | Parent Representative Trustee or director, Officer | 2 | $0 |
| John Coatesw | Board Member Trustee or director, Officer | 2 | $0 |
| Lenita Patton | Board Member Trustee or director, Officer | 2 | $0 |
| Henry Reeves | Board Member Trustee or director, Officer | 2 | $0 |
| Neva Reeves | Board Member Trustee or director, Officer | 2 | $0 |
| Megan Salemi | Board Member Trustee or director, Officer | 2 | $0 |
| Kelly Henderson | Board Member Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marvin Todd | President Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 260 JOUBERT AVE, MEMPHIS, TN 38109-1828
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- Jacqueline C Osby, 260 Joubert Ave, Memphis, TN 38109
- Signed the 990
- Jacqueline C Osby, Chief Finance Operations Officer
- Phone
- (901) 775-1018
- Website
- www.visionprep.org
- 990-N for 2013 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Tom Benton, 260 Joubert Ave, Memphis TN 38109. Mailing address: 260 Joubert Ave, Memphis TN 38109. Website: visionprep.org
- Return prepared by
- Management Advisory Services
Mission
To prepare kindergarten through fifth grade students with academic and ethical foundation
Program accomplishments
- During the 2024-2025 school year, due to strong operational and financial stewardship, Vision Preparatory Charter School leveraged itself to be in a position to purchase the building which the school has leased since 2014. Subsequently, MSCS accepted an offer to sell the property in July 2025. Ownership of the school strengthens local community confidence in Vision Preps mission to serve the underserved in the Riverview community of South Memphis.Expenses $4,679,594 · revenue $5,982,973
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
- 45-3734882
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $4,518,376
- Income (IRS master file)
- $5,982,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,982,973 | $4,967,914 | $4,518,376 | XML |
| 990 | June 2024 | $6,154,127 | $5,806,160 | $3,876,162 | IRS |
| 990 | June 2023 | $5,527,002 | $5,269,694 | $4,820,956 | XML |
| 990 | June 2022 | $5,410,170 | $5,145,642 | $3,606,103 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: Tom Benton Filed under this EIN, most likely by a chapter or affiliate | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-3734882).
Questions about VISION PREPARATORY CHARTER SCHOOL INC
- What is the EIN of VISION PREPARATORY CHARTER SCHOOL INC?
- The employer identification number (EIN) of VISION PREPARATORY CHARTER SCHOOL INC is 45-3734882.
- Is VISION PREPARATORY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VISION PREPARATORY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VISION 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 VISION 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 VISION 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 VISION PREPARATORY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names Jacqueline C Osby.
- Who are the officers and directors of VISION PREPARATORY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 2 received compensation from the organization, the highest $127,585 (Thomas Benton, School Director).
- How much revenue does VISION PREPARATORY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,982,973, expenses of $4,967,914 and total assets of $4,518,376 at year end.
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