Nonprofit · EIN 81-3512599
FRIENDS OF CHATTANOOGA PREP INC
Tax-exempt · CHATTANOOGA, TN 37404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,265,411 | $1,484,204 | -$218,793 | $19,454,839 | $10,363,150 | $9,091,689 |
| June 30, 2024 | 990 | $943,120 | $1,208,783 | -$265,663 | $19,704,343 | $10,393,861 | $9,310,482 |
| June 30, 2023 | 990 | $4,899,967 | $744,673 | $4,155,294 | $17,507,883 | $7,931,738 | $9,576,145 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,265,411
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $86,302
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,917
- Occupancy
- $372,973
- Depreciation
- $499,251
- Program services (functional)
- $1,484,204
Balance sheet and other
- Total assets, start of year
- $19,704,343
- Total assets, end of year
- $19,454,839
- Total liabilities, end of year
- $10,363,150
- Net assets, end of year
- $9,091,689
- Land, buildings and equipment
- $18,736,407
- Net assets without donor restrictions
- $9,091,689
- Gross receipts
- $1,265,411
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- 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 |
|---|---|---|---|
| TED ALLING | CHAIR/PRESIDENT Trustee or director, Officer | 5 | $0 |
| SUE ANNE WELLS | DIRECTOR Trustee or director | 1 | $0 |
| JACK STUDOR | DIRECTOR Trustee or director | 1 | $0 |
| KELLY ALLING | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CAINES | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED ALLING | CHAIR Trustee or director, Officer | 5 | $0 |
| SUE ANNE WELLS | DIRECTOR Trustee or director | 1 | $0 |
| JACK STUDOR | DIRECTOR Trustee or director | 1 | $0 |
| KELLY ALLING | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CAINES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED ALLING | CHAIR Trustee or director, Officer | 5 | $0 |
| SUE ANNE WELLS | DIRECTOR Trustee or director | 1 | $0 |
| JACK STUDOR | DIRECTOR Trustee or director | 1 | $0 |
| KELLY ALLING | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CAINES | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1849 UNION AVE, CHATTANOOGA, TN 37404-3530
- Principal officer (990 for 2024)
- TED ALLING, 1849 UNION AVENUE, CHATTANOOGA, TN 37404
- Signed the 990
- TED ALLING, CHAIRMAN
- Phone
- (423) 664-5722
- Return prepared by
- JOHNSON HICKEY & MURCHISON PC
Mission
THE ORGANIZATION IS DEVOTED TO SUPPORTING SINGLE SEX EDUCATIONAL POLICIES, PRACTICES AND STRUCTURES THAT LEAD TO INCREASED ACADEMIC SUCCESS AMONG BOYS AND YOUNG MEN. SPECIFICALLY, THE ORGANIZATION WILLACT AS THE SPONSOR OF A PUBLIC CHARTER SCHOOL (PREP PUBLIC SCHOOLS) CREATED PURSUANT TO THE TENNESSEEPUBLIC CHARTER SCHOOL ACT OF 2002.
Program accomplishments
- FRIENDS OF CHATTANOOGA PREPARATORY SCHOOL WAS FOUNDED IN 2016 TO ENHANCE EDUCATIONAL OPPORTUNITIES FOR BOYS IN HAMILTON COUNTY, TENNESSEE. THE ORGANIZATION SPONSORS THE PREP PUBLIC SCHOOLS, PROVIDING ON-GOING ASSISTANCE AND SUPPORT.Expenses $1,484,204 · grants $86,302
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
- 81-3512599
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $19,454,839
- Income (IRS master file)
- $1,265,411
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,265,411 | $1,484,204 | $19,454,839 | IRS |
| 990 | June 2024 | $943,120 | $1,208,783 | $19,704,343 | IRS |
| 990 | June 2023 | $4,899,967 | $744,673 | $17,507,883 | XML |
| 990 | June 2022 | $1,097,526 | $552,357 | $13,976,091 | 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 81-3512599).
Questions about FRIENDS OF CHATTANOOGA PREP INC
- What is the EIN of FRIENDS OF CHATTANOOGA PREP INC?
- The employer identification number (EIN) of FRIENDS OF CHATTANOOGA PREP INC is 81-3512599.
- Is FRIENDS OF CHATTANOOGA PREP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FRIENDS OF CHATTANOOGA PREP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRIENDS OF CHATTANOOGA PREP 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 FRIENDS OF CHATTANOOGA PREP 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 FRIENDS OF CHATTANOOGA PREP 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 FRIENDS OF CHATTANOOGA PREP INC?
- The 990 for the year ended June 30, 2025 names TED ALLING.
- Who are the officers and directors of FRIENDS OF CHATTANOOGA PREP INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FRIENDS OF CHATTANOOGA PREP INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,265,411, expenses of $1,484,204 and total assets of $19,454,839 at year end.
Other nonprofits in CHATTANOOGA
- MCCALLIE SCHOOL INC EIN 62-0475837 · last filed 990 for 2025
- THE BAYLOR SCHOOL EIN 62-0126365 · last filed 990 for 2025
- UNIVERSITY OF CHATTANOOGA FOUNDATION INC EIN 62-0476521 · last filed 990 for 2025
- GIRLS PREPARATORY SCHOOL INC EIN 62-0475682 · last filed 990 for 2025
- CHATTANOOGA CHRISTIAN SCHOOL INC EIN 62-0840156 · last filed 990 for 2025
- BOYD - BUCHANAN SCHOOL EIN 62-0518286 · last filed 990 for 2025
- CAMPUS DEVELOPMENT FOUNDATION INC EIN 62-1819831 · last filed 990 for 2025
- PREP PUBLIC SCHOOLS EIN 81-3512812 · last filed 990 for 2025