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Vision Preparatory Charter School

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 453734882 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Vision Preparatory Charter School?

Vision Preparatory Charter School is a nonprofit institution situated in Memphis, Tennessee, specifically at 260 Joubert Ave, 38109. Its primary mission is to prepare students from kindergarten through fifth grade with both an academic and ethical foundation. This foundation is intended to empower students to excel in middle school, thrive in high school, and eventually graduate from college. The school employs a team of 100 individuals, dedicated to nurturing the next generation of well-rounded individuals.


Official website here: www.visionprep.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% (Three-Star out of Four Stars)

Vision Preparatory Charter School has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization achieved an overall score of 80%, with its rating primarily based on its strong accountability practices. Notably, the school boasts a fully independent board and has demonstrated effective financial oversight, as indicated by its perfect scores in various accountability metrics.

The school has a commendable track record in maintaining financial health, with a liabilities to assets ratio of 49.31%, which indicates a manageable level of debt compared to its assets. Additionally, its program expense ratio is impressive at 100%, suggesting that all of its expenses are directed towards its programs, maximizing the benefit to students and the community.

While the rating highlights the nonprofit's strengths in financial management and governance, there are no specific mentions of programmatic impacts or community feedback in the data provided. This leaves a gap in understanding how these financial practices translate to educational outcomes for students.


This AI summary has been generated from information found on Charity Navigator.

Is Vision Preparatory Charter School legitimate?

Vision Preparatory Charter School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vision Preparatory Charter School 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: $221,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,993,220

For more financial information, click here


Official website here: www.visionprep.org

What is the mission statement of Vision Preparatory Charter School?

Vision Preparatory Charter School's mission is centered around preparing students from kindergarten through fifth grade. The goal is to provide these students with the necessary academic and ethical foundation to excel in middle school, thrive in high school, and ultimately graduate from college. The school strives to serve as a reliable resource, fostering an environment that encourages academic growth and ethical development in its students. The operation of this kindergarten through fifth grade charter school is geared towards setting a strong foundation for the students' future educational journeys.


Official website here: www.visionprep.org

Who is the CEO of Vision Preparatory Charter School?

Marvin Todd is the Board Chair of Vision Preparatory Charter School.


Official website here: www.visionprep.org

What is the revenue of Vision Preparatory Charter School?

Vision Preparatory Charter School's revenue in 2022 was $5,410,170.


Official website here: www.visionprep.org

Who are the executives of Vision Preparatory Charter School and what are their salaries?

The average compensation at Vision Preparatory Charter School during 2022 was $32,147. There are 100 employees and 12 volunteers at Vision Preparatory Charter School.


Here are 10 key members and their salaries:


Tom Benton (Director & F)
  • Compensation: $116,281
  • Related: $0
  • Other: $0
Carrie Carpenter (Board Vice-C)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Coates (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Henry Reaves Iii (Board Secret)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lenita Patton (Parent Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neva Reaves (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Salemi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mim Stokes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marvin Todd (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Voldeng (Board Treasu)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.visionprep.org

Where can I find the form 990 for Vision Preparatory Charter School?

Vision Preparatory Charter School's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.visionprep.org

Learn more at the official website: www.visionprep.org

Mission Statement of Vision Preparatory Charter School

Vision Preparatory Charter School is committed to equipping kindergarten through fifth-grade students with both the academic and ethical foundations necessary for their future success. The school's mission is to prepare these young learners to excel in middle school, thrive in high school, and ultimately graduate from college. By providing a strong educational foundation, Vision Preparatory Charter School aims to empower its students to achieve their full potential and lead fulfilling lives. The school's focus on both academic and ethical development sets it apart, recognizing that success in education and in life go hand in hand with strong character and values.

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Impact




July, 2024

Vision Preparatory Charter School has a significant impact on the education and future success of kindergarten through fifth grade students in Memphis, TN. By providing students with a strong academic and ethical foundation, the school prepares them to excel in middle school, thrive in high school, and ultimately graduate from college. Through its dedicated efforts, Vision Preparatory Charter School contributes to the development of well-rounded individuals who are equipped to achieve their full potential academically and professionally.




This information is meant to be a general summary of Vision Preparatory Charter School. 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.

Revenue
$5,410,170 (2022)
Expenses
$5,145,642 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $3,803,018
  • Gross Receipts: $5,410,170

Assets and Liabilities:

  • Total Assets: $3,606,103
  • Total Liabilities: $1,438,132
  • Net Assets: $2,167,971

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

BASIC EDUCATION PROGRAM

Revenue

$3,535,179

OTHER REVENUE

Revenue

$267,839

Organization Details

Founding Year

2013

Principal Officer

Marvin Todd

Main Address

260 JOUBERT AVE, MEMPHIS, TN, 38109

NTEE Category

Code: B99 - Education

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