Freedom Preparatory Academy INC

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Freedom Preparatory Academy prepares all students in grades k-12 to excel in college and in life. It's focus is a clear strategic and direct path to college for every student that enters our doors.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 225 volunteers and 250 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $5.0M a year · 15% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.6M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25.8M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$30.5M
-14% vs prior year
Spent
$29.5M
To programs
67%
Net assets
$31.3M
By yearFY2021–FY2025
Revenue
$30.5M
FY2025▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2021$31.0M
FY2022$33.3M
FY2023$39.7M
FY2024$35.4M
FY2025$30.5M
Expenses
$29.5M
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2021$25.7M
FY2022$27.7M
FY2023$29.0M
FY2024$33.1M
FY2025$29.5M
Net assets
$31.3M
FY2025▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2021$14.9M
FY2022$18.0M
FY2023$28.7M
FY2024$30.9M
FY2025$31.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $19.6M Management & general 33% · $9.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO/Founder
$217,864Pt VII · Sec A
Chief People Officer
$178,472Pt VII · Sec A
$175,271Pt VII · Sec A
Chief of Staff
$170,658Pt VII · Sec A
$162,512Pt VII · Sec A
Head of School
$113,578Pt VII · Sec A
Head of School
$102,865Pt VII · Sec A
Head of School
$100,949Pt VII · Sec A

Roblin Webb’s $218K as CEO/Founder is at the 43rd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Roblin Webb$217,864$285,771$220,000$214,546$204,000
Rhonda Myles$178,472$78,449———
Anika Baltimore$175,271$161,211$152,656$149,000$135,675
Megan Stitzinger$170,658————
Johnecia Howard$162,512$98,089———
Lars Nelson———$135,687$153,000
Robert Webb II————$143,420
Arthurine Barned——$137,700——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Freedom Preparatory Academy INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prepares K-12 students for college and life success through a direct path.

Questions for Freedom Preparatory Academy INC

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1 program · $19.6M · in their own filed words · FY2024
01

Freedom prep accomplishes this mission of college preparation through a highly structured, cademically-challenging environment where students master the core subjects, develop advanced academic skills, participate in character-building extra-curricular activities and sports, and demonstrate the school's core values.

$19.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.5M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Tennessee Department of Education$1.1M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Tennessee Department of Education$381K
Pandemic Ebt Administrative CostsDepartment of Agriculture · ALN 10.649 · Through Tennessee Department of Education$640

The auditor reported: a material weakness in money controls.

Year ending Jun 2024 · $1.3M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Tennessee Department of Education$970K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Tennessee Department of Education$284K
Charter SchoolsDepartment of Education · ALN 84.282 · Through Tennessee Department of Education$62K

The auditor reported: a material weakness in money controls.

Year ending Jun 2023 · $1.8M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Tennessee Department of Education$1.3M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Tennessee Department of Education$475K

The auditor reported no findings.

Year ending Jun 2022 · $1.9M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Tennessee Department of Education$1.4M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Tennessee Department of Education$440K

The auditor reported: a weakness in money controls.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$30.5M
Ln 12
Gifts and grantsLn 1h$29.6M
Fees for servicesLn 2g$862K
Money outPt IX
$29.5M
Ln 25
Programscol B$19.6M
Managementcol C$9.9M
Owns and owesPt X
$31.3M
net assets · Ln 32
Cash and savingsLn 1–2$12.6M
Total assetsLn 16$57.2M
LiabilitiesLn 26$25.8M
PeoplePt VI, VII
16
listed · VII A
PaidVII A9
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29.6M
Government grantsLn 1e$27.7M
Fees for servicesLn 2g$862K
Total revenueLn 12$30.5M
Assets in detailPt X, end of year
CashLn 1$12.6M
Cash and savings togetherLn 1–2$12.6M
Land, buildings, equipmentLn 10c$34.3M
Other assetsLn 15$6.6M
Total assetsLn 16$57.2M
LiabilitiesLn 26$25.8M
Net assetsLn 32$31.3M
OperationsPt I, VI
EmployeesI 5250
VolunteersI 6225
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$14.2M$12.6M
Land, buildings, equipmentLn 10c$35.5M$34.3M
Total assetsLn 16$56.9M$57.2M
LiabilitiesLn 26$26.6M$25.8M
Net assetsLn 32$30.3M$31.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$850K$850K
Other salaries and wagesLn 7$15.1M$12.5M$2.6M
Pension plan contributionsLn 8$910K$792K$118K
Other employee benefitsLn 9$2.2M$1.9M$330K
Payroll taxesLn 10$952K$789K$162K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$146K$146K
Other fees for servicesLn 11g$1.3M$442K$810K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$698K$356K$342K
Information technologyLn 14$432K$130K$303K
OccupancyLn 16$874K$262K$611K
TravelLn 17$282K$282K
InterestLn 20$863K$863K
Depreciation, depletion and amortizationLn 22$1.8M$529K$1.2M
InsuranceLn 23$345K$345K
Other expenses (24a–d)Ln 24$2.9M$2.0M$928K
All other expensesLn 24e−$97K−$29K−$68K
Total functional expensesLn 25$29.5M$19.6M$9.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 6, 2026 $30.5M$29.5M$1.0M$31.3M 990 PDF
FY2024Filed with the IRS Feb 25, 2025 $35.4M$33.1M$2.3M$30.9M 990 PDF
FY2023Filed with the IRS Feb 9, 2024 $39.7M$29.0M$10.7M$28.7M 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $33.3M$27.7M$5.6M$18.0M 990 PDF
FY2021Filed with the IRS Dec 22, 2021 $31.0M$25.7M$5.3M$14.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $30,495,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,511,322$29,633,576
I-9 Program service revenuePrior year $860,350$862,086
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $35,371,672$30,495,662
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $19,694,086$19,959,554
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,411,256$9,496,331
I-18 Total expensesPrior year $33,105,342$29,455,885
I-19 Revenue less expensesPrior year $2,266,330$1,039,777
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $30,495,662 across 5 lines filed
VIII-1e Government grants$27,746,069
VIII-1f All other contributions, gifts and grants$1,887,507
VIII-1h Total contributions, gifts and grants$29,633,576
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $862,086$862,086
VIII-12 Total revenueRelated to mission $862,086 · Unrelated business $0 · Excluded from tax $0$30,495,662
Part IX · Statement of functional expenses $29,455,885 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $849,752$849,752
IX-7 Other salaries and wagesPrograms $12,489,952 · Management $2,567,614$15,057,566
IX-8 Pension plan contributionsPrograms $792,009 · Management $117,667$909,676
IX-9 Other employee benefitsPrograms $1,860,446 · Management $330,358$2,190,804
IX-10 Payroll taxesPrograms $789,463 · Management $162,293$951,756
IX-11b Legal feesManagement $13,345$13,345
IX-11c Accounting feesManagement $146,276$146,276
IX-11g Other fees for servicesPrograms $442,036 · Management $810,197$1,252,233
IX-12 Advertising and promotionManagement $23,788$23,788
IX-13 Office expensesPrograms $356,123 · Management $342,157$698,280
IX-14 Information technologyPrograms $129,722 · Management $302,684$432,406
IX-16 OccupancyPrograms $262,064 · Management $611,483$873,547
IX-17 TravelManagement $281,677$281,677
IX-20 InterestManagement $862,956$862,956
IX-22 Depreciation, depletion and amortizationPrograms $528,818 · Management $1,233,910$1,762,728
IX-23 InsuranceManagement $344,549$344,549
IX-24 Other expenses (24a–d)Programs $1,973,010 · Management $928,372$2,901,382
IX-24e All other expensesPrograms −$29,051 · Management −$67,785−$96,836
IX-25 Total functional expensesPrograms $19,594,592 · Management $9,861,293 · Fundraising $0$29,455,885
Part X · Balance sheet $57,153,273 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $14,174,693$12,584,520
X-3 Pledges and grants receivableStart of year $974,682$784,239
X-4 Accounts receivableStart of year $3,648$266,213
X-9 Prepaid expenses and deferred chargesStart of year $49,972$149,084
X-10c Land, buildings and equipment, netStart of year $35,525,381$34,343,892
X-14 Intangible assetsStart of year $669,886$2,475,190
X-15 Other assetsStart of year $5,470,686$6,550,135
X-16 Total assetsStart of year $56,868,948$57,153,273
X-17 Accounts payable and accrued expensesStart of year $1,395,464$1,021,908
X-19 Deferred revenue$9,000
X-25 Other liabilitiesStart of year $4,032,239$4,057,277
X-26 Total liabilitiesStart of year $26,601,563$25,846,111
X-32 Total net assets or fund balancesStart of year $30,267,385$31,307,162
X-33 Total liabilities and net assetsStart of year $56,868,948$57,153,273
Part XI · Reconciliation of net assets $31,307,162 net assets at year end
XI-1 Total revenue$30,495,662
XI-2 Total expenses$29,455,885
XI-3 Revenue less expenses$1,039,777
XI-4 Net assets at start of year$30,267,385
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,307,162

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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