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Nonprofit · EIN 45-4885204

CAPSTONE EDUCATION GROUP INC

Tax-exempt · MEMPHIS, TN 38112

Financials

$23.8M$20.3M2023$21.5M$19.2M2024
Revenue Expenses · by fiscal year end
Financials of CAPSTONE EDUCATION GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$21,535,365$19,161,045$2,374,320$30,379,135$1,328,930$29,050,205
June 30, 2024990$23,844,184$20,325,032$3,519,152$27,358,569$682,684$26,675,885
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$20,527,051
of which government grants
$19,642,563
Program service revenue
$0
Investment income
$1,008,314
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,502,114
Other salaries and wages
$10,273,359
Salaries, compensation and benefits (total)
$14,237,309
Professional fundraising fees
$0
Occupancy
$1,405,581
Travel
$9,958
Depreciation
$36,836
Program services (functional)
$17,345,891
Management and general (functional)
$1,768,820
Fundraising (functional)
$46,334

Balance sheet and other

Total assets, start of year
$27,358,569
Total assets, end of year
$30,379,135
Total liabilities, end of year
$1,328,930
Net assets, end of year
$29,050,205
Land, buildings and equipment
$1,848,528
Net assets without donor restrictions
$29,050,205
Gross receipts
$21,535,365
Employees
269
Volunteers
125
Year formed
2012
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.

NameTitleHours / weekCompensationOther / benefits
DREW SIPPELEXECUTIVE DIRECTOR
Officer
50$257,660$11,861
MICHELLE L BURNETTCHIEF SCHOOLS OFFICER
Highest-paid employee
50$159,095$6,973
YOLANDA DANDRIDGECHIEF ACADEMIC OFFICER
Highest-paid employee
50$117,894$6,392
DENEIA BROOKSPRINCIPAL CORNERSTONE PREP - LESTER
Highest-paid employee
50$107,440$6,973
EBONY JONESPRINCIPAL CORNERSTONE PREP - DENVER
Highest-paid employee
50$104,272$6,973
BRIDGETTE V SIMMONSDEAN OF CULTURE
Highest-paid employee
50$106,439$0
PAUL F T EDWARDSSECRETARY
Trustee or director, Officer
2$0$0
THOMAS M MARINOVICE CHAIRMAN
Trustee or director, Officer
2$0$0
CAMELA ECHOLSDIRECTOR
Trustee or director
2$0$0
SCOTT WALKERCHAIRMAN
Trustee or director, Officer
2$0$0
OCTAVIOUS NICKSONDIRECTOR
Trustee or director
2$0$0
DR YOLUNDA BASS BEALEDIRECTOR
Trustee or director
2$0$0
ELLIOT PERRYDIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
DREW SIPPELEXECUTIVE DIRECTOR
Officer
50$245,066
MICHELLE LYONSPRINCIPAL OF CORNERSTONE P
Highest-paid employee
50$158,109
YOLANDA DANDRIDGEPRINCIPAL OF CORNERSTONE P
Highest-paid employee
50$120,880
MEAGAN A TATECHIEF CULTURE OFFICER
Highest-paid employee
50$116,774
LACEE RODGERSCHIEF ACADEMIC OFFICER
Highest-paid employee
50$111,879
BRIDGETTE V SIMMONSDEAN OF CULTURE
Highest-paid employee
50$103,874
PAUL F T EDWARDSSECRETARY
Trustee or director, Officer
2$0
THOMAS M MARINOVICE CHAIRMAN
Trustee or director, Officer
2$0
CAMELA ECHOLSDIRECTOR
Trustee or director
2$0
SCOTT WALKERCHAIRMAN
Trustee or director, Officer
2$0
OCTAVIOUS NICKSONDIRECTOR
Trustee or director
2$0
DR YOLUNDA BASS BEALEDIRECTOR
Trustee or director
2$0
ELLIOT PERRYDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
320 CARPENTER ST, MEMPHIS, TN 38112-4002
In care of
% DREW SIPPEL
Principal officer (990 for 2024)
DREW SIPPEL, 320 CARPENTER STREET, MEMPHIS, TN 38112
Signed the 990
DREW SIPPEL, EXECUTIVE DIRECTOR
Phone
(901) 261-4384
Return prepared by
HENDERSON HUTCHERSON & MCCULLOUGH PLLC

Mission

EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE

990 for the year ended June 30, 2025

Program accomplishments

  • COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION.
    Expenses $17,345,891

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
45-4885204
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
2013
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$30,379,135
Income (IRS master file)
$21,535,365

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$21,535,365$19,161,045$30,379,135XML
990June 2024$23,844,184$20,325,032$27,358,569XML
990June 2023$20,578,588$18,205,736$23,971,387IRS
990June 2022$20,250,688$16,224,709$24,521,664IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 45-4885204).

Questions about CAPSTONE EDUCATION GROUP INC

What is the EIN of CAPSTONE EDUCATION GROUP INC?
The employer identification number (EIN) of CAPSTONE EDUCATION GROUP INC is 45-4885204.
Is CAPSTONE EDUCATION GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to CAPSTONE EDUCATION GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CAPSTONE EDUCATION GROUP 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 CAPSTONE EDUCATION GROUP 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 CAPSTONE EDUCATION GROUP 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 CAPSTONE EDUCATION GROUP INC?
The 990 for the year ended June 30, 2025 names DREW SIPPEL.
Who are the officers and directors of CAPSTONE EDUCATION GROUP INC?
The 990 for the year ended June 30, 2025 lists 13 people; 6 received compensation from the organization, the highest $257,660 (DREW SIPPEL, EXECUTIVE DIRECTOR).
How much revenue does CAPSTONE EDUCATION GROUP INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $21,535,365, expenses of $19,161,045 and total assets of $30,379,135 at year end.

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