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Nonprofit · EIN 83-3606776

BEACON COLLEGE PREPARATORY INC

Tax-exempt · MEMPHIS, TN 38134

Financials

$2.7M$2.5M2022$4.4M$3.1M2023
Revenue Expenses · by fiscal year end
Financials of BEACON COLLEGE PREPARATORY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$4,437,987$3,095,541$1,342,446$2,521,516$353,484$2,168,032
June 30, 2023990$2,744,041$2,513,301$230,740$1,277,068$451,482$825,586
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$4,425,639
of which government grants
$4,195,516
Program service revenue
$45
Investment income
$12,303
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,344,368
Salaries, compensation and benefits (total)
$1,567,937
Professional fundraising fees
$0
Legal fees
$14,304
Accounting fees
$108,000
Depreciation
$216,382
Program services (functional)
$3,095,541

Balance sheet and other

Total assets, start of year
$1,277,068
Total assets, end of year
$2,521,516
Total liabilities, end of year
$353,484
Net assets, end of year
$2,168,032
Land, buildings and equipment
$879,890
Net assets without donor restrictions
$2,039,659
Net assets with donor restrictions
$128,373
Gross receipts
$4,437,987
Employees
20
Volunteers
5
Year formed
2018
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Cordette HubbardPrincipal
Key employee
40$109,000
Chandra MadisonSecretary
Trustee or director
1$0
Charlise Clark GwinTreasurer
Trustee or director
1$0
Sonja JonesBoard Member
Trustee or director
1$0
Clifford StocktonBoard Chairperson
Trustee or director
1$0
April GhuederVice Chair
Trustee or director
1$0
April WallsBeacon Parent
Trustee or director
1$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensation
Joseph BolducPrincipal
Key employee
40$100,900
Bailey Cato CzuprykSecretary
Trustee or director
1$0
Charlise Clark GwinTreasurer
Trustee or director
1$0
Chandra MadisonBoard Member
Trustee or director
1$0
Clifford StocktonBoard Chairperson
Trustee or director
1$0
April GhuederVice Chair
Trustee or director
1$0
April WallsBeacon Parent
Trustee or director
1$0

Address and contacts

Address (IRS master file)
5130 RALEIGH LAGRANGE RD, MEMPHIS, TN 38134-5214
In care of
% JOSEPH BOLDUC
Principal officer (990 for 2023)
Cordette Hubbard, 5130 Raleigh Lagrange, Memphis, TN 38134
Signed the 990
Cordette Hubbard, Head of School
Phone
(901) 273-6660
Return prepared by
BANKS FINLEY WHITE & CO

Mission

Charter School with an academically rigorous, purposefully structured and joyful community. Prepares kindergarten thru fifth grade scholars to succeed in college and contribute positively to their communities.

990 for the year ended June 30, 2024

Program accomplishments

  • Within an academically rigorous, purposefully structured and joyful community, Beacon College Preparatory Charter School prepares all kindergarten through fith grade scholars to succeed in college and contribute positively to their communities.
    Expenses $3,095,541 · revenue $4,437,987

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
83-3606776
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
2020
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$2,521,516
Income (IRS master file)
$4,437,987

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$4,437,987$3,095,541$2,521,516XML
990June 2023$2,744,041$2,513,301$1,277,068XML
990June 2022$2,100,782$1,853,976$1,140,832IRS
990June 2021–––IRS

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 83-3606776).

Questions about BEACON COLLEGE PREPARATORY INC

What is the EIN of BEACON COLLEGE PREPARATORY INC?
The employer identification number (EIN) of BEACON COLLEGE PREPARATORY INC is 83-3606776.
Is BEACON COLLEGE PREPARATORY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to BEACON COLLEGE PREPARATORY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BEACON COLLEGE PREPARATORY 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 BEACON COLLEGE PREPARATORY 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 BEACON COLLEGE PREPARATORY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of BEACON COLLEGE PREPARATORY INC?
The 990 for the year ended June 30, 2024 names Cordette Hubbard.
Who are the officers and directors of BEACON COLLEGE PREPARATORY INC?
The 990 for the year ended June 30, 2024 lists 7 people; 1 received compensation from the organization, the highest $109,000 (Cordette Hubbard, Principal).
How much revenue does BEACON COLLEGE PREPARATORY INC have?
On its 990 for the year ended June 30, 2024 it reported revenue of $4,437,987, expenses of $3,095,541 and total assets of $2,521,516 at year end.

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