Overview
What is Leadership Preparatory Inc?
Leadership Preparatory Inc, located in Memphis, Tennessee, is a nonprofit organization that operates the Leadership Preparatory Charter School. This school is committed to providing high-quality education to elementary and middle school students in southeast Memphis, aiming to combat the impact of demographic bias on student achievement. The school offers rigorous and supportive educational services, prioritizing parent, community, and stakeholder engagement. Authorized by the Shelby County Board of Education, Leadership Preparatory opened its doors in 2015 and plans to grow into a K-8 elementary and middle school by 2024. The mission of this nonprofit is to equip students with the necessary academic skills, knowledge, and strong character foundation to excel in high school, graduate from college, and become leaders in their communities. The school is dedicated to providing a quality educational option in southeast Memphis and eliminating the power of demographic bias on student achievement.
Official website here: www.leadmemphis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Leadership Preparatory Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The charity's score is solely based on its performance in the Accountability & Finance beacon, indicating a robust governance structure and well-maintained financial practices.
The organization boasts a fully independent board, with all 11 members free from conflicts of interest, ensuring impartial decision-making. Additionally, Leadership Preparatory Inc fulfills all requirements regarding financial oversight and transparency, as evidenced by its comprehensive audit and oversight committee, clear conflict of interest and whistleblower policies, and thorough documentation practices.
While the ratings are highly favorable, potential donors and stakeholders should consider that the score is based purely on financial and governance metrics. There may be other qualitative factors, such as program impact and community engagement, that are not reflected in this rating. Nonetheless, the strong financial ratios indicate a healthy organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Leadership Preparatory Inc?
98% of 33 reviewers on Facebook recommend Leadership Preparatory Inc. Here is a summary of their reviews:
Parents express strong support for the school, highlighting their positive experiences since its inception in 2015. One parent shares a heartfelt endorsement, noting their daughter was a founding scholar and has thrived as a 3rd grader at the institution. The sentiment reflects a community that appreciates the educational environment and the impact it has had on their children's learning journeys.
Overall, the feedback underscores a great deal of satisfaction with the school's offerings, with many expressing their heartfelt recommendations and belief in its mission.
This AI summary has been generated from reviews found on Facebook.
Is Leadership Preparatory Inc legitimate?
Leadership Preparatory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leadership Preparatory 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: $91,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,234,833
For more financial information, click here
Official website here: www.leadmemphis.org
What is the mission statement of Leadership Preparatory Inc?
Leadership Preparatory Inc is dedicated to providing a challenging, disciplined, supportive, and joyful educational environment for K-8 students. Their mission is to equip these students with the necessary academic and character foundations to excel in high school, graduate from college, and lead in their communities. The school, authorized by the Shelby County Board of Education, started with an inaugural class of kindergarten and first-grade students in 2015 and aims to grow one grade level each year, becoming a K-8 elementary and middle school by 2024. Leadership Prep is committed to providing a high-quality educational option in Southeast Memphis and eliminating the impact of demographic bias on student achievement. They strive to offer a rigorous and supportive educational option for elementary and middle school students, ensuring that every student receives the essential academic skills, knowledge, and a strong character foundation.
Official website here: www.leadmemphis.org
Who is the CEO of Leadership Preparatory Inc?
Valissia Allen is the Executive Director/Head Of of Leadership Preparatory Inc.
Official website here: www.leadmemphis.org
What is the revenue of Leadership Preparatory Inc?
Leadership Preparatory Inc's revenue in 2022 was $4,906,664.
Official website here: www.leadmemphis.org
Who are the executives of Leadership Preparatory Inc and what are their salaries?
The average compensation at Leadership Preparatory Inc during 2022 was $32,767. There are 71 employees at Leadership Preparatory Inc.
Here are 9 key members and their salaries:
- Compensation: $88,515
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- Other: $10,626
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Official website here: www.leadmemphis.org
Where can I find the form 990 for Leadership Preparatory Inc?
Leadership Preparatory Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leadmemphis.org
Learn more at the official website: www.leadmemphis.org
Mission Statement of Leadership Preparatory Inc
Leadership Preparatory Inc, an academically challenging and supportive school, is on a mission to provide K-8 students with the academic and character foundations necessary to excel in high school, graduate from college, and lead in their communities. Established by the Shelby County Board of Education, this charter school opened its doors to an inaugural class of 60 kindergarten and 60 first-grade students in 2015. Each year, the school expands by one grade, aiming to reach its full capacity as a K-8 elementary and middle school in 2024.
Leadership Preparatory Inc is committed to providing a quality educational option in Southeast Memphis and eliminating the influence of demographic bias on student achievement. The school strives to offer a rigorous and supportive educational experience for elementary and middle school students, ensuring that each student receives the necessary academic skills, knowledge, and a strong character foundation. The school's mission is to prepare its students to succeed in high school, college, and beyond, ultimately becoming leaders in their communities.
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Impact
July, 2024
Leadership Preparatory Inc, through its flagship program, Leadership Preparatory Charter School, has made a significant impact on the educational landscape of Southeast Memphis. By providing a rigorous and supportive academic environment, the school has successfully combated the influence of demographic bias on student achievement. Since opening its doors in 2015, with an inaugural class of 60 kindergarten and 60 first-grade students, the school has continuously expanded its grade levels, aiming to become a K-8 elementary and middle school by 2024.
By prioritizing parent, community, and stakeholder engagement, Leadership Preparatory has established itself as a high-quality educational option in the region. The school's mission to equip K-8 students with the academic and character foundation necessary to excel in high school, graduate from college, and lead in their communities underscores its commitment to holistic student development.
Overall, Leadership Preparatory Inc's focus on academic challenge, discipline, support, and joy in education has had a tangible positive impact on students, families, and the broader community in Southeast Memphis.
This information is meant to be a general summary of Leadership Preparatory 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.
- Investment Income: $401
- Program Service Revenue: $3,327,348
- Gross Receipts: $4,920,465
Assets and Liabilities:
- Total Assets: $4,918,537
- Total Liabilities: $2,024,976
- Net Assets: $2,893,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCS PER-PUPIL ALLOCATI
Revenue
$3,262,450
CHARGES FOR SERVICES
Revenue
$64,898
Organization Details
Founding Year
2014
Phone
(901) 378-3917Principal Officer
Valissia Allen
Main Address
4190 ELLISTON ROAD, MEMPHIS, TN, 38111
Website
www.leadmemphis.orgNTEE Category
Code: B29 - Education
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