Overview
What is Memphis Grizzlies Preparatory Charter School Inc?
Memphis Grizzlies Preparatory Charter School Inc is a nonprofit institution situated at 168 Jefferson Ave, Memphis, Tennessee. Its primary mission is to operate a charter school for young males in grades five through eight. The school, authorized by the Shelby County Unified School District, receives funding from local, state, and federal education sources, along with additional support from the Memphis Grizzlies Charitable Foundation. The school's objective is to equip students in grades five through eight with the necessary skills for academic success in high school, college, and beyond. The learning environment is disciplined and rigorous, fostering the overall development of its students, preparing them for life's challenges. With a committed workforce of 65 individuals, Memphis Grizzlies Preparatory Charter School Inc is dedicated to shaping the future leaders of tomorrow.
Official website here: www.grizzliesprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Memphis Grizzlies Preparatory Charter School Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health within the organization. The rating is based entirely on the organization's strong performance in various criteria related to governance and financial practices, demonstrating a commitment to transparency and responsible management.
Key strengths of the organization include a fully independent board with eight out of eight points for majority independent members and a commendable audit and oversight committee, earning full marks. Additionally, the absence of material diversion of assets and a strong program expense ratio of 79.72% highlight the nonprofit's focus on effective resource allocation toward its mission.
While the data reflects strong governance and financial health, further insights into programmatic outcomes and community impact would provide a more comprehensive view of the organization's effectiveness in fulfilling its mission. Nevertheless, the strong metrics indicate that Memphis Grizzlies Preparatory Charter School Inc is well-managed and financially sound.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Grizzlies Preparatory Charter School Inc legitimate?
Memphis Grizzlies Preparatory Charter School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Grizzlies Preparatory Charter School Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $244,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,609,036
For more financial information, click here
Official website here: www.grizzliesprep.org
What is the mission statement of Memphis Grizzlies Preparatory Charter School Inc?
The Memphis Grizzlies Preparatory Charter School Inc., as part of its mission, operates a middle school for boys in grades five through eight. The school aims to prepare all its students for academic success, setting them up for a smooth transition to high school, college, and eventually, their adult lives. This is achieved through a rigorous and disciplined environment that equips students with the necessary skills for future academic and personal accomplishments. The school receives funding from local, state, and federal education sources, as well as supplemental funding from the Memphis Grizzlies Charitable Foundation.
Official website here: www.grizzliesprep.org
Who is the CEO of Memphis Grizzlies Preparatory Charter School Inc?
Tim Ware is the President of Memphis Grizzlies Preparatory Charter School Inc.
Official website here: www.grizzliesprep.org
What is the revenue of Memphis Grizzlies Preparatory Charter School Inc?
Memphis Grizzlies Preparatory Charter School Inc's revenue in 2022 was $5,461,685.
Official website here: www.grizzliesprep.org
Who are the executives of Memphis Grizzlies Preparatory Charter School Inc and what are their salaries?
The average compensation at Memphis Grizzlies Preparatory Charter School Inc during 2022 was $43,895. There are 65 employees at Memphis Grizzlies Preparatory Charter School Inc.
Here are 9 key members and their salaries:
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- Compensation: $80,276
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- Other: $12,823
- Compensation: $161,870
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- Other: $30,193
Official website here: www.grizzliesprep.org
Where can I find the form 990 for Memphis Grizzlies Preparatory Charter School Inc?
Memphis Grizzlies Preparatory Charter School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grizzliesprep.org
Learn more at the official website: www.grizzliesprep.org
Mission Statement of Memphis Grizzlies Preparatory Charter School Inc
Memphis Grizzlies Preparatory Charter School Inc is dedicated to educating young boys in grades five through eight. Their mission is to prepare all students for academic success, setting them up for a smooth transition into high school, college, and ultimately, their adult lives. Within a structured and disciplined middle school environment, the school equips its students with the necessary skills and knowledge to excel academically. The school receives funding from local, state, and federal education sources, as well as supplemental funding from the Memphis Grizzlies Charitable Foundation.
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Impact
October, 2024
Memphis Grizzlies Preparatory Charter School Inc significantly impacts the educational landscape for young men in grades five through eight in Memphis, TN. Focused on providing a rigorous and disciplined environment, the school prepares its students for future academic success and life opportunities. By fostering a strong academic foundation, the institution equips young men with the skills needed to excel in high school, pursue higher education, and navigate their lives beyond school.
Additionally, the school benefits from a collaborative relationship with the Memphis Grizzlies Charitable Foundation, which supplements its funding. This partnership not only enhances educational resources but also promotes community engagement and support for students. The emphasis on discipline and academic excellence helps instill values of perseverance and accountability among students, setting them on a path towards achieving their goals. Overall, Memphis Grizzlies Preparatory Charter School plays a vital role in shaping the lives of its students and contributing to the broader community.
This information is meant to be a general summary of Memphis Grizzlies Preparatory Charter School Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $137,851
- Gross Receipts: $5,461,685
Assets and Liabilities:
- Total Assets: $4,228,946
- Total Liabilities: $1,789,569
- Net Assets: $2,439,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER LOCAL REVENUE
Revenue
$131,286
SALE OF MERCHANDISE &
Revenue
$4,592
FIELD TRIPS
Revenue
$1,472
LEASE/RENTALS
Revenue
$441
UNIFORMS
Revenue
$60
Organization Details
Founding Year
2003
Phone
(901) 474-0955Principal Officer
Tim Ware
Main Address
168 JEFFERSON AVE, MEMPHIS, TN, 381042219
Website
www.grizzliesprep.orgNTEE Category
Code: B25 - Education
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