2024-05-14T06:52:17-05:00 2023-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PKWY STE 200 MEMPHIS TN 38120 990 2022-07-01 260847588 COLLEGIATE SCHOOL OF MEMPHIS COLL 9015918203 3353 FAXON AVENUE MEMPHIS TN 38122 SIMONE GRAY DEAN OF FINANCE & OPERATIONS 9015918203 2024-05-13 1 SIMONE GRAY 999009999 0 RICHARD A SWOPE CPA P00590766 9016834234 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SIMONE GRAY 3353 FAXON AVENUE MEMPHIS TN 38122 3978849 0 X WWW.COLLEGIATEMEMPHIS.ORG X 2008 TN THE COLLEGIATE SCHOOL OF MEMPHIS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES. 7 7 64 0 0 0 6609256 3161906 651745 816943 0 0 0 0 7261001 3978849 0 0 0 0 3252313 3509854 0 0 42587 2469908 1802233 5722221 5312087 1538780 -1333238 9283410 7694674 8077672 7626331 1205738 68343 TO PREPARE YOUNG LADIES AND GENTLEMEN FOR COLLEGE SUCCESS WITHIN A HIGHLY-STRUCTURED, NURTURING, CHRISTIAN ENVIRONMENT. 0 0 4299509 816943 COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION. 4299509 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 TN X SIMONE GRAY 9015918203 3353 FAXON AVENUE MEMPHIS TN 38122 X MCLEAN WILSON TREASURER 2.00 X 0 0 0 TOM MARINO CHAIRPERSON 2.00 X 0 0 0 KEITH OKELLO BOARD MEMBER 0.50 X 0 0 0 ISAAC RODRIGUEZ BOARD MEMBER 0.50 X 0 0 0 ANAHI SANCHEZ BOARD MEMBER 0.50 X 0 0 0 BEN SCOTT BOARD MEMBER 0.50 X 0 0 0 MERRILL SKIPWORTH BOARD MEMBER 0.50 X 0 0 0 MCKENZIE COHEN HEAD OF SCHOOL 40.00 X 143839 0 9464 143839 0 9464 1 0 1 0 0 319476 2842430 3161906 TUITION 611710 451291 451291 CAFETERIA REVENUE 611710 260111 260111 OTHER 611710 78710 78710 ATHLETIC & CONCESSION 611710 19199 19199 UNIFORM & MERCHANDISE 611710 7632 7632 816943 3978849 816943 0 0 216312 71920 144392 2693578 2148182 514170 31226 72055 55177 16475 403 316730 225665 86943 4122 211179 161714 47239 2226 40941 40941 2282 2282 25516 22964 2552 105864 105864 321194 289075 32119 339983 306933 33050 58956 53060 5896 BUILDING MAINTENANCE & 255559 230098 25461 CAFETERIA FOOD & SUPPLI 192274 192274 UTILITIES 170255 158017 12238 EANS PURCHASING 95608 95608 193801 182958 6233 4610 5312087 4299509 969991 42587 22662 2972651 1519686 2000 20788 8354 8354 10004859 4167799 6164799 5837060 112944 308786 9283410 7694674 218747 154526 45705 40979 7813220 7430826 8077672 7626331 X 1192473 68343 13265 0 1205738 68343 9283410 7694674 -1333238 195843 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 123163 123163 8730415 3250896 5479519 189540 121099 68441 595620 462255 133365 366121 333549 32572 5837060 X 4356691 195842 182000 377842 3978849 0 3978849 5494087 182000 182000 5312087 0 5312087 PART X, LINE 2: THE COLLEGIATE SCHOOL OF MEMPHIS IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C) (3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOFNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO JUNE 30, 2020. SCHEDULE D PART XI & XII, LINES 2B AND 2A THE SCHOOL LEASES PART OF ITS FACILITIES TO HIGHLAND HEIGHTS BAPTIST CHURCH UNDER A 10 YEAR OPERATING LEASE FOR THE RENT OF $1 PER YEAR. THE SCHOOL LEASES TWO SEPARATE BUILDINGS IT OWNS TO THE CHURCH ON A MONTH-TO-MONTH BASIS. THE ESTIMATED FAIR VALUE OF ANNUAL RENTAL IS $182,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MEETS REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PERCENTAGE OF STUDENTS ENROLLED. SCHEDULE E, PART I, LINE 6 STUDENTS APPLY AND CAN BE APPROVED FOR FREE OR REDUCED SCHOOL MEALS BASED ON INCOME ELIGIBILITY GUIDELINES OR OTHER BENEFIT ELIGIBILITY. THE SCHOOL COMPLIES WITH ALL SCHOOL NUTRITION PROGRAM REGULATIONS FOR FOOD SERVICE. THE SCHOOL SUBMITS CLAIMS TO THE DEPARTMENT OF EDUCATION ON A MONTHLY BASIS IN ORDER TO BE REIMBURSED FOR QUALIFYING MEALS. 0 0 0 0 0 0 0 0 0 MCKENZIE COHEN HEAD OF SCHOOL 143839 0 0 0 0 0 0 0 9464 0 153303 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE DIRECTOR OF OPERATIONS AND BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE DIRECTOR OF OPERATIONS AND BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES FOR THE COLLEGIATE SCHOOL OF MEMPHIS ARE APPROVED BY BOTH THE FINANCE COMMITTEE AND THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE COLLEGIATE SCHOOL OF MEMPHIS PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS UPON REQUEST. PART XII, LINE 2C THE PROCESS USED BY THE COMMITTEE TO OVERSEE THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.