Nonprofit · EIN 46-4280290
LEADERSHIP PREPARATORY INC
Tax-exempt · MEMPHIS, TN 38111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,071,465 | $6,513,246 | $558,219 | $6,620,289 | $1,442,156 | $5,178,133 |
| June 30, 2024 | 990 | $7,437,637 | $6,586,779 | $850,858 | $5,900,468 | $1,280,554 | $4,619,914 |
| June 30, 2023 | 990 | $6,185,658 | $5,309,362 | $876,296 | $5,083,757 | $1,314,701 | $3,769,056 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,143,532
- of which government grants
- $483,105
- Program service revenue
- $5,916,530
- Investment income
- $10,857
- Net income from fundraising events
- $546
- Other revenue
- $546
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,176
- Other salaries and wages
- $3,867,723
- Salaries, compensation and benefits (total)
- $4,720,877
- Professional fundraising fees
- $0
- Accounting fees
- $118,497
- Occupancy
- $788,954
- Depreciation
- $153,400
- Program services (functional)
- $5,211,478
- Management and general (functional)
- $1,301,768
Balance sheet and other
- Total assets, start of year
- $5,900,468
- Total assets, end of year
- $6,620,289
- Total liabilities, end of year
- $1,442,156
- Net assets, end of year
- $5,178,133
- Land, buildings and equipment
- $861,402
- Net assets without donor restrictions
- $4,112,665
- Net assets with donor restrictions
- $1,065,468
- Gross receipts
- $7,077,135
- Employees
- 94
- Volunteers
- 10
- Year formed
- 2014
- 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 |
|---|---|---|---|---|
| TENISIA HICKS-SWEENEY | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $117,500 | $12,313 |
| VALISSIA ALLEN | FOUNDER/HEAD OF SCHOOL Officer | 40 | $120,176 | $6,656 |
| CORLISS JAMES | HCE Highest-paid employee | 40 | $115,041 | $6,656 |
| JASMINE HOWARD | PRINCIPAL (FORMER) Former | 40 | $110,252 | $0 |
| SHERRITA MASON WADE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| PATRICK MALONEY | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| NAKEISHA OWENS-GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TANYA KIRK | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| DENICE M OLATUNJI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW HURT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEREMY PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS MCDONALD | VICE BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| TERAMENA OLIVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VALISSIA ALLEN | EXECUTIVE DIRECTOR Officer | 40 | $120,119 | $6,250 |
| CORLISS JAMES | HCE Highest-paid employee | 40 | $105,297 | $0 |
| SHELTON ROULHAC | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TORIA BROWN | SECRETARY Trustee or director | 1 | $0 | $0 |
| ERIC MELLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHERRITA MASON WADE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK MALONEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RHONDA BROOKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIO TIRADO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NAKEISHA GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TANYA KIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DENICE M OLATUNJI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK NEWMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW HURT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Valissia Allen | Executive Dir. Officer | 40 | $91,477 | $11,713 |
| Shelton Roulhac | Chairman Trustee or director | 1 | $0 | $0 |
| Toria Brown | Secretary Trustee or director | 1 | $0 | $0 |
| Eric Mellen | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Sherrita Mason Wade | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Patrick Maloney | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Rhonda Brooks | Board Member Trustee or director | 1 | $0 | $0 |
| Antonio Tirado | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Nakeisha Griffin | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Tanya Kirk | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| Denice M Olatunji | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| Garner Williams | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4190 ELLISTON RD, MEMPHIS, TN 38111-7902
- Principal officer (990 for 2024)
- VALISSIA ALLEN, 4190 ELLISTON ROAD, MEMPHIS, TN 38111
- Signed the 990
- VALISSIA ALLEN, EXECUTIVE DIRECTOR
- Phone
- (901) 378-3917
- Website
- LEADMEMPHIS.ORG
- Return prepared by
- CROSSLIN PLLC
Mission
SEE SCHEDULE O
Program accomplishments
- LEADERSHIP PREPARATORY CHARTER SCHOOL (THE SCHOOL) HAS CONTINUED TO PROVIDE A HIGH-QUALITY EDUCATIONAL OPTION IN SOUTHEAST MEMPHIS,COMBATING THE POWER OF DEMOGRAPHIC BIAS ON STUDENT ACHIEVEMENT. THE SCHOOL PROVIDES RIGOROUS AND SUPPORTIVE EDUCATIONAL SERVICES FOR ELEMENTARY AND MIDDLE SCHOOL STUDENTS AND PRIORITIZES PARENT, COMMUNITY, AND STAKEHOLDER ENGAGEMENT. AUTHORIZED BY THE SHELBY COUNTYBOARD OF EDUCATION, THE SCHOOL OPENED ITS DOORS TO AN INAUGURAL CLASS OF 60 KINDERGARTEN STUDENTS AND 60 FIRST GRADE STUDENTS ON 08/15/2015. WE WILL ACHIEVE OUR MISSION BY ENSURING EVERY STUDENT RECEIVES THE ACADEMIC SKILLS, KNOWLEDGE, AND STRONG CHARACTER FOUNDATION NECESSARY.Expenses $5,211,478 · revenue $5,916,530
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
- 46-4280290
- 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 (B29)
- Assets (IRS master file)
- $6,620,289
- Income (IRS master file)
- $7,077,135
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,071,465 | $6,513,246 | $6,620,289 | XML |
| 990 | June 2024 | $7,437,637 | $6,586,779 | $5,900,468 | XML |
| 990 | June 2023 | $6,185,658 | $5,309,362 | $5,083,757 | XML |
| 990 | June 2022 | $4,906,664 | $4,369,910 | $4,918,537 | 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 46-4280290).
Questions about LEADERSHIP PREPARATORY INC
- What is the EIN of LEADERSHIP PREPARATORY INC?
- The employer identification number (EIN) of LEADERSHIP PREPARATORY INC is 46-4280290.
- Is LEADERSHIP PREPARATORY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LEADERSHIP PREPARATORY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEADERSHIP PREPARATORY 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 LEADERSHIP PREPARATORY 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 LEADERSHIP PREPARATORY 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 LEADERSHIP PREPARATORY INC?
- The 990 for the year ended June 30, 2025 names VALISSIA ALLEN.
- Who are the officers and directors of LEADERSHIP PREPARATORY INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 4 received compensation from the organization, the highest $117,500 (TENISIA HICKS-SWEENEY, DIRECTOR OF OPERATIONS).
- How much revenue does LEADERSHIP PREPARATORY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,071,465, expenses of $6,513,246 and total assets of $6,620,289 at year end.
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