Nonprofit · EIN 81-3512812
PREP PUBLIC SCHOOLS
Tax-exempt · CHATTANOOGA, TN 37404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,475,724 | $13,303,425 | $172,299 | $5,858,432 | $3,398,160 | $2,460,272 |
| June 30, 2024 | 990 | $10,992,814 | $9,386,954 | $1,605,860 | $4,624,111 | $608,652 | $4,015,459 |
| June 30, 2023 | 990 | $6,672,136 | $7,315,586 | -$643,450 | $3,014,774 | $359,333 | $2,655,441 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,733,520
- of which government grants
- $9,259,666
- Program service revenue
- $547,889
- Investment income
- $4,884
- Net income from fundraising events
- -$10,569
- Other revenue
- $1,189,431
Expenses
- Grants and similar amounts paid
- $1,256,401
- Salaries, compensation and benefits (total)
- $7,291,342
- Professional fundraising fees
- $0
- Occupancy
- $375,206
- Travel
- $98,298
- Depreciation
- $216,316
- Program services (functional)
- $8,072,397
- Management and general (functional)
- $5,204,879
- Fundraising (functional)
- $26,149
Balance sheet and other
- Total assets, start of year
- $4,624,111
- Total assets, end of year
- $5,858,432
- Total liabilities, end of year
- $3,398,160
- Net assets, end of year
- $2,460,272
- Land, buildings and equipment
- $731,479
- Gross receipts
- $13,486,293
- Employees
- 129
- Volunteers
- 0
- Year formed
- 2017
- 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 |
|---|---|---|---|
| TROY KEMP | CEO Officer | 40 | $68,182 |
| JIMMY HASLAM | DIRECTOR Trustee or director | 1 | $0 |
| WARD DAVENPORT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAVID CAINES | TREASURER Trustee or director, Officer | 5 | $0 |
| EDNA VARNER | SECRETARY Trustee or director, Officer | 5 | $0 |
| AARON LOVE | DIRECTOR Trustee or director | 1 | $0 |
| TED ALLING | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| KELLY ALLING | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| AMBER WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| SHEWANEE HOWARD-BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| MOISE BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| S DAVE BHATTACHARYA MD | DIRECTOR Trustee or director | 1 | $0 |
| ARMANDO RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| TRICIA ALLEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD SCOTT | CEO Officer | 40 | $159,757 |
| JIMMY HASLAM | DIRECTOR Trustee or director | 1 | $0 |
| WARD DAVENPORT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAVID CAINES | TREASURER Trustee or director, Officer | 5 | $0 |
| EDNA VARNER | SECRETARY Trustee or director, Officer | 5 | $0 |
| AARON LOVE | DIRECTOR Trustee or director | 1 | $0 |
| TED ALLING | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| KELLY ALLING | CO-CHAIR Trustee or director, Officer | 5 | $0 |
| AMBER WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| SHEWANEE HOWARD-BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| MOISE BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| S DAVE BHATTACHARYA MD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD SCOTT | CEO Officer | 40 | $137,499 |
| AARON WEBB | CHAIR Trustee or director, Officer | 5 | $0 |
| WARD DAVENPORT | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| DAVID CAINES | TREASURER Trustee or director, Officer | 5 | $0 |
| EDNA VARNER | SECRETARY Trustee or director, Officer | 5 | $0 |
| TRICIA ALLEN | DIRECTOR Trustee or director | 1 | $0 |
| TED ALLING | DIRECTOR Trustee or director | 1 | $0 |
| KELLY ALLING | DIRECTOR Trustee or director | 1 | $0 |
| SHEWANEE HOWARD-BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| ARMANDO RODRIGUEZ | DIRECTOR Trustee or director | 1 | $0 |
| MOISE BAPTISTE | DIRECTOR Trustee or director | 1 | $0 |
| S DAVE BHATTACHARYA MD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1849 UNION AVE, CHATTANOOGA, TN 37404-3530
- Mailing address (990-N for 2016)
- 800 MARKET STREET SUITE 200, CHATTANOOGA TN 37402
- Principal officer (990 for 2024)
- TED ALLING, 1802 BAILEY AVENUE, CHATTANOOGA, TN 37404
- Principal officer (990-N for 2016)
- Ted Alling, 800 MARKET STREET SUITE 200, CHATTANOOGA TN 37402
- Signed the 990
- DAVID CAINES, TREASURER
- Phone
- (423) 664-5722
- Website
- www.chattanoogaprep.com
- Return prepared by
- JOHNSON HICKEY & MURCHISON PC
Mission
PREP PUBLIC SCHOOLS IS AN ALL-BOYS PUBLIC CHARTER SCHOOL WITH A MISSION TO ENGAGE YOUNG MEN IN A RIGOROUS YET SUPPORTIVE LEARNING ENVIRONMENT THAT NURTURES RESILIENCE, PROMOTES ACADEMIC EXCELLENCE, INSPIRES LEADERSHIP, AND PREPARES CRITICAL THINKERS. PREP PUBLIC SCHOOLS WELCOMED ITS FIRST CLASS OF 66 SIXTH GRADERS IN AUGUST 2018 AND WILL GROW TO SERVE 350 YOUNG MEN IN GRADES 6-12 OVER THE NEXT SEVEN YEARS.
Program accomplishments
- THE PRIMARY SERVICE ACCIMPLISHMENT IS PROVIDING QUALITY EDUCATION TO THE COMMUNITY'S MOST VULNERABLE POPULATIONS. THE COMPREHENSIVE,COLLEGE PREPARATORY CURRICULUM IS CENTERED AROUND THEMES OF INNOVATION AND LEADERSHIP DEVELOPMENT, WHICH ARE INFUSED ACROSS RIGOROUS COURSEWORK IN LITERACY AND COMMUNICATION, SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, THE ARTS, AND SOCIAL/CULTURAL STUDIES. THE CURRICULUM HAS BEEN CAREFULLY AND INTENTIONALLY DESIGNED TO AMELIORATE SPECIFIC BARRIERS THAT NEGATIVELY IMPACT STUDENT ACHIEVEMENT AMONG BOYS AND YOUNG MEN EXPERIENCING POVERTY WITHIN HAMILTON COUNTY.Expenses $8,072,397 · grants $1,256,401 · revenue $1,747,889
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
- 81-3512812
- 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
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $5,858,432
- Income (IRS master file)
- $13,486,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,475,724 | $13,303,425 | $5,858,432 | IRS |
| 990 | June 2024 | $10,992,814 | $9,386,954 | $4,624,111 | IRS |
| 990 | June 2023 | $6,672,136 | $7,315,586 | $3,014,774 | XML |
| 990 | June 2022 | $6,245,127 | $5,214,556 | $3,883,592 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Ted Alling | June 30, 2017 | ≤ $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 81-3512812).
Questions about PREP PUBLIC SCHOOLS
- What is the EIN of PREP PUBLIC SCHOOLS?
- The employer identification number (EIN) of PREP PUBLIC SCHOOLS is 81-3512812.
- Is PREP PUBLIC SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to PREP PUBLIC SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREP PUBLIC SCHOOLS 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 PREP PUBLIC SCHOOLS 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 PREP PUBLIC SCHOOLS 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 PREP PUBLIC SCHOOLS?
- The 990 for the year ended June 30, 2025 names TED ALLING.
- Who are the officers and directors of PREP PUBLIC SCHOOLS?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $68,182 (TROY KEMP, CEO).
- How much revenue does PREP PUBLIC SCHOOLS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,475,724, expenses of $13,303,425 and total assets of $5,858,432 at year end.
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