2024-02-29T12:48:42-06:00 2023-06-30 621046406 JOHNSON HICKEY & MURCHISON PC 2215 OLAN MILLS DRIVE CHATTANOOGA TN 37421 990 2022-07-01 813512599 FRIENDS OF CHATTANOOGA PREP INC FRIE 4236645722 1849 UNION AVENUE CHATTANOOGA TN 37404 TED ALLING CHAIRMAN 4236645722 2024-02-21 TED ALLING XXX-XX-XXXX 1 SHERRI ANDERSON P01228421 4237560052 2024-02-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TED ALLING 1849 UNION AVENUE CHATTANOOGA TN 37404 4899967 0 X N/A X 2016 TN 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 WILL ACT AS THE SPONSOR OF A PUBLIC CHARTER SCHOOL (PREP PUBLIC SCHOOLS) CREATED PURSUANT TO THE TENNESSEE PUBLIC CHARTER SCHOOL ACT OF 2002. 5 5 2 5 0 0 1097526 4899967 0 0 0 0 0 0 1097526 4899967 0 0 0 0 12979 37652 0 0 0 539378 707021 552357 744673 545169 4155294 13976091 17507883 8615512 7931738 5360579 9576145 X 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. 0 0 744673 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. 744673 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X THE ORGANIZATION 4236645722 1849 UNION AVENUE CHATTANOOGA TN 37404 X TED ALLING CHAIR 5.00 X X 0 0 0 SUE ANNE WELLS DIRECTOR 1.00 X 0 0 0 JACK STUDOR DIRECTOR 1.00 X 0 0 0 KELLY ALLING DIRECTOR 1.00 X 0 0 0 DAVID CAINES DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 TU PARKS CONSTRUCTION COMPANY 1207 E 23RD ST CHATTANOOGA TN 37408 CONSTRUCTION 1863122 1 4899967 4899967 4899967 0 0 0 35239 35239 2413 2413 16462 16462 520 520 125 125 126 126 311550 311550 358836 358836 2265 2265 FEES AND LICENSES 17031 17031 MISCELLANEOUS EXPENSE 106 106 744673 744673 0 0 1080327 214925 16667 139437 18442303 1288782 12834988 17153521 44109 0 13976091 17507883 506141 25426 3982373 4126998 7906312 8615512 7931738 X 5197279 9574588 163300 1557 5360579 9576145 13976091 17507883 4155294 60272 0 X 0 1 X 1 1 1 X 141569 121270 1638653 1097526 917594 3916612 141569 121270 1638653 1097526 917594 3916612 393336 3523276 3916612 0.89960 0.87930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 602100 602100 12138238 1083219 11055019 242555 205563 36992 5459410 5459410 17153521 X 5686267 786300 786300 4899967 0 4899967 1530973 786300 786300 744673 0 744673 PART X, LINE 2: INCLUDED IN THE CONSOLIDATED FINANCIALS THE SCHOOL IS A NONPROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. THE SCHOOL FOLLOWS THE REQUIREMENTS OF PROFESSIONAL LITERATURE REGARDING UNCERTAIN TAX POSITIONS. UNDER THIS GUIDANCE, THE SCHOOL MUST RECOGNIZE THE TAX EFFECT ASSOCIATED WITH UNCERTAIN TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY,IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FOR THE PERIOD ENDED JUNE 30, 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THESE FINANCIAL STATEMENTS. THE RETURNS FOR THE YEARS ENDED JUNE 30, 2020 AND BEYOND REMAIN SUBJECT TO EXAMINATION. FORM 990, PART VI, SECTION A, LINE 2 TED ALLING AND KELLY ALLING ARE MARRIED FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL REVIEW BEFORE THE RETURN IS FILED FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR MUST PROMPTLY AND FULLY REPORT TO THE BOARD CHAIR ANY SITUATION THAT MAY CREATE A CONFLICT OF INTEREST. FRIENDS OF CHATTANOOGA PREP SENDS A COPY OF THE POLICY STATEMENT AND THE CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY TO BE SIGNED BY EACH DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEW AND APPROVE THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY. NO DIRECTORS ARE COMPENSATED. THE ORGANIZATION HAS NO KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC PREP PUBLIC SCHOOLS 1849 UNION AVENUE CHATTANOOGA TN 37404 813512812 PREP SCHOOL TN 501(C)(3) 170(B)(1)(A)(II) 0 KNOXVILLE PREPARATORY SCHOOL 1849 UNION AVENUE CHATTANOOGA TN 37404 813512812 PREP SCHOOL TN 501(C)(3) 170(B)(1)(A)(II) 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PREP PUBLIC SCHOOLS C 892775 CASH KNOXVILLE PREPARATORY SCHOOL D 106822 CASH