Nonprofit · EIN 46-0693776
PURPOSE PREPARATORY ACADEMY INC
Tax-exempt · NASHVILLE, TN 37228
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,112,259 | $8,127,988 | $984,271 | $12,137,043 | $3,440,584 | $8,696,459 |
| June 30, 2024 | 990 | $8,238,656 | $7,497,737 | $740,919 | $11,684,623 | $3,972,467 | $7,712,156 |
| June 30, 2023 | 990 | $8,192,648 | $7,279,267 | $913,381 | $10,483,673 | $3,512,436 | $6,971,237 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,829,156
- of which government grants
- $7,610,533
- Program service revenue
- $0
- Investment income
- $238,567
- Other revenue
- $44,536
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $983,505
- Other salaries and wages
- $3,710,968
- Salaries, compensation and benefits (total)
- $4,694,473
- Professional fundraising fees
- $0
- Occupancy
- $373,440
- Travel
- $367,420
- Depreciation
- $254,131
- Program services (functional)
- $5,046,548
- Management and general (functional)
- $3,078,834
- Fundraising (functional)
- $2,606
Balance sheet and other
- Total assets, start of year
- $11,684,623
- Total assets, end of year
- $12,137,043
- Total liabilities, end of year
- $3,440,584
- Net assets, end of year
- $8,696,459
- Land, buildings and equipment
- $3,979,852
- Net assets without donor restrictions
- $444,985
- Net assets with donor restrictions
- $8,251,474
- Gross receipts
- $9,112,259
- Employees
- 53
- Volunteers
- 50
- Year formed
- 2012
- 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 | Other / benefits |
|---|---|---|---|---|
| LAGRA NEWMAN | HEAD OF SCHOOL Officer | 40 | $252,976 | $5,974 |
| BRANDY PUTNAM | DIRECTOR OF ACADEMICS Highest-paid employee | 40 | $131,635 | $3,864 |
| COURTNEY BROOKS | DIRECTOR OF CURRICULUM AND Highest-paid employee | 40 | $122,416 | $8,746 |
| TIKOYA BULLOCK | DEAN OF SCHOLARS Highest-paid employee | 40 | $116,366 | $4,256 |
| MACKENZIE FOX | DIRECTOR OF CURRICULUM AND Highest-paid employee | 40 | $106,530 | $3,864 |
| BRANDON HUGHES | OPERATIONS MANAGER Highest-paid employee | 40 | $101,116 | $2,932 |
| CHARLANDRA WATSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| RYANN CASEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DALE MITCHELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AMY BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHARMIN BATES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIL BEVERLY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY GOOCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARA HENLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SALLIE NORTON | DIRECTOR Trustee or director | 1 | $0 |
| ROHIT PADMANABHAN | DIRECTOR Trustee or director | 1 | $0 |
| DOMONIQUE TOWNSEND | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAGRA NEWMAN | HEAD OF SCHOOL Officer | 40 | $191,916 | $4,443 |
| SHAUNA RUSSELL | DIRECTOR OF ACADEMICS Highest-paid employee | 40 | $123,324 | $4,077 |
| BRANDY PUTNAM | UPPER ACADEMY DEAN Highest-paid employee | 40 | $110,016 | $3,117 |
| AMY BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| CHARLANDRA WATSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DALE MITCHELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DOMONIQUE TOWNSEND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GIL BEVERLY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| KATHY NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARA HENLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATHEW HANCOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PERRY GOOCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROHIT PADMANABHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN CASEY | VICE CHAIR Trustee or director | 0 | $0 | $0 |
| RYANN CASEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SALLY NORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRANDON HUGHES | OPERATIONS MANAGER Officer | 0 | $0 | $0 |
| COURTNEY BROOKS | DIRECTOR OF CURRICULUM AND INSTRUCTION Officer | 0 | $0 | $0 |
| MEREDITH WAITES | DIRECTOR OF CURRICULUM AND INSTRUCTION Officer | 0 | $0 | $0 |
| TIKOYA TIPTON | DEAN OF SCHOLARS Officer | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHAUNA RUSSELL | DIRECTOR OF ACADEMICS Highest-paid employee | 40 | $100,072 | $12,199 |
| CHARLANDRA WATSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PERRY GOOCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SALLY NORTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT HANCOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LARA HENLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATHY NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROHIT PADMANABHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOMONIQUE TOWNSEND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY BROWN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DALE MITCHELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RYANN CASEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 220 VENTURE CIR, NASHVILLE, TN 37228-1604
- In care of
- % LAGRA NEWMAN
- Principal officer (990 for 2024)
- LAGRA NEWMAN, 220 VENTURE CIRCLE, NASHVILLE, TN 37228
- Signed the 990
- LAGRA NEWMAN, FOUNDER
- Phone
- (615) 724-0705
- Website
- WWW.PURPOSEPREP.ORG
- 990-N for 2011 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Lagra Newman, 209 10th Ave S Ste 416, Nahsville TN 37203. Mailing address: 209 10th Ave S Ste 416, Nashville TN 37203.
- Return prepared by
- CROSSLIN PLLC
Mission
THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, PURPOSE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL KINDERGARTEN THROUGH GRADE FOUR STUDENTS ACHIEVE THE ACADEMIC SKILLS, KNOWLEDGE, AND ETHICAL FOUNDATION TO BE SET ON THE PATH TO COLLEGE.
Program accomplishments
- PURPOSE PREP PROVIDES AN ACADEMICALLY CHALLENGING, DISCIPLINED, AND JOYFUL ELEMENTARY SCHOOL TO CHILDREN OF NASHVILLE. WITH AN INTENSIVE FOCUS ON THE ACQUISITION OF ESSENTIAL LITERACY SKILLS, PURPOSE PREP PROVIDES TARGETED AND RIGOROUS INSTRUCTION IN EACH CORE SUBJECT TO MEET THE ACADEMIC NEEDS OF EVERY SCHOLAR. PURPOSE PREP HOLDS SCHOLARS ACCOUNTABLE FOR DEMONSTRATING EXCELLENT BEHAVIOR BY TEACHING THEM THE CHARACTER SKILLS NECESSARY FOR THEIR SUCCESS, SPECIFICALLY THE SCHOOL'S RISE WITH PURPOSE VALUES - PURPOSE, RESPECT, INTEGRITY, SELF-DETERMINATION, AND EXCELLENCE.Expenses $5,046,548
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
- 46-0693776
- 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
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,137,043
- Income (IRS master file)
- $9,112,259
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,112,259 | $8,127,988 | $12,137,043 | XML |
| 990 | June 2024 | $8,238,656 | $7,497,737 | $11,684,623 | XML |
| 990 | June 2023 | $8,192,648 | $7,279,267 | $10,483,673 | XML |
| 990 | June 2022 | $7,881,900 | $5,717,162 | $10,740,534 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2011 Officer: Lagra Newman Filed under this EIN, most likely by a chapter or affiliate | June 30, 2012 | ≤ $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 46-0693776).
Questions about PURPOSE PREPARATORY ACADEMY INC
- What is the EIN of PURPOSE PREPARATORY ACADEMY INC?
- The employer identification number (EIN) of PURPOSE PREPARATORY ACADEMY INC is 46-0693776.
- Is PURPOSE PREPARATORY ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to PURPOSE PREPARATORY ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PURPOSE PREPARATORY ACADEMY INC 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 PURPOSE PREPARATORY ACADEMY INC 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 PURPOSE PREPARATORY ACADEMY INC 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 PURPOSE PREPARATORY ACADEMY INC?
- The 990 for the year ended June 30, 2025 names LAGRA NEWMAN.
- Who are the officers and directors of PURPOSE PREPARATORY ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 6 received compensation from the organization, the highest $252,976 (LAGRA NEWMAN, HEAD OF SCHOOL).
- How much revenue does PURPOSE PREPARATORY ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,112,259, expenses of $8,127,988 and total assets of $12,137,043 at year end.
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