Capstone Education Group INC

Tax-deductible

Memphis, TN501(c)(3)Since 2012EducationEIN 45-4885204

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Equips students with wisdom and knowledge necessary to succeed in college

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 75 volunteers and 219 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
6 of 6
filings with a surplus
Average surplus $2.3M a year · 12% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$853K
to officers and key staff · 4% of spending
Top officer’s pay higher than 55% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $736K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
4% of total assets
Looks good: liabilities are 4% 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
$21.5M
-10% vs prior year
Spent
$19.2M
To programs
91%
Net assets
$29.1M
By yearFY2020–FY2025
Revenue
$21.5M
FY2025▼ -10%
Revenue by fiscal year
FY2020$15.8M
FY2021$16.0M
FY2022$20.3M
FY2023$20.6M
FY2024$23.8M
FY2025$21.5M
Expenses
$19.2M
FY2025▼ -6%
Expenses by fiscal year
FY2020$14.4M
FY2021$15.8M
FY2022$16.2M
FY2023$18.2M
FY2024$20.3M
FY2025$19.2M
Net assets
$29.1M
FY2025▲ +9%
Net assets by fiscal year
FY2020$16.6M
FY2021$16.8M
FY2022$20.8M
FY2023$23.2M
FY2024$26.7M
FY2025$29.1M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2013.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $17.3M Management & general 9% · $1.8M Fundraising 0% · $46K

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

13 people listed on the 990; $853K 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
Executive Director
$257,660Pt VII · Sec A
Chief Schools Officer
$159,095Pt VII · Sec A
Chief Academic Officer
$117,894Pt VII · Sec A
Principal Cornerstone Prep - Lester
$107,440Pt VII · Sec A
Dean of Culture
$106,439Pt VII · Sec A
Principal Cornerstone Prep - Denver
$104,272Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Drew Sippel’s $258K as Executive Director is at the 55th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Drew Sippel$257,660$245,066$226,919$228,711$232,576$214,618
Michelle L Burnett$159,095—————
Michelle Lyons—$158,109$128,415———
Yolanda Dandridge$117,894$120,880$134,995———
Meagan a Tate—$116,774$109,453———
Lacee Rodgers—$111,879————
Deneia Brooks$107,440—————
Bridgette V Simmons$106,439$103,874$100,326———

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.

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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

Empowers students with the wisdom and knowledge needed for college success.

Provided by the organization

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1 program service account for $17.3M of program spending, described in the organization's own filed words · FY2024.
01

College preparatory school providing students with a challenging and high quality education.

$17.3Mprogram expense

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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
50can INCFY2024$636K
Total grants receivedfrom 2 funders$736K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$21.5M
Ln 12
Gifts and grantsLn 1h$20.5M
Investment incomeLn 3$1.0M
Money outPt IX
$19.2M
Ln 25
Programscol B$17.3M
Managementcol C$1.8M
Fundraisingcol D$46K
Owns and owesPt X
$29.1M
net assets · Ln 32
Cash and savingsLn 1–2$23.1M
Total assetsLn 16$30.4M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A6
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20.5M
Government grantsLn 1e$19.6M
Investment incomeLn 3$1.0M
Total revenueLn 12$21.5M
Assets in detailPt X, end of year
CashLn 1$8.3M
SavingsLn 2$14.9M
Cash and savings togetherLn 1–2$23.1M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$4.2M
Total assetsLn 16$30.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$29.1M
OperationsPt I, VI
EmployeesI 5219
VolunteersI 675
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$20.1M$23.1M
Land, buildings, equipmentLn 10c$375K$1.8M
Total assetsLn 16$27.4M$30.4M
LiabilitiesLn 26$683K$1.3M
Net assetsLn 32$26.7M$29.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.5M$1.3M$144K$25K
Other salaries and wagesLn 7$10.3M$9.0M$1.2M$20K
Pension plan contributionsLn 8$737K$737K
Other employee benefitsLn 9$875K$860K$15K
Payroll taxesLn 10$850K$751K$97K$2K
Other fees for servicesLn 11g$559K$559K
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$111K$111K
OccupancyLn 16$1.4M$1.3M$70K
TravelLn 17$10K$10K
Depreciation, depletion and amortizationLn 22$37K$35K$2K
InsuranceLn 23$99K$20K$79K
Other expenses (24a–d)Ln 24$2.1M$2.0M$155K
All other expensesLn 24e$509K$509K
Total functional expensesLn 25$19.2M$17.3M$1.8M$46K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $21.5M$19.2M$2.4M$29.1M 990 PDF
FY2024 $23.8M$20.3M$3.5M$26.7M 990 PDF
FY2023 $20.6M$18.2M$2.4M$23.2M 990 PDF
FY2022 $20.3M$16.2M$4.0M$20.8M 990 PDF
FY2021 $16.0M$15.8M$200K$16.8M 990 PDF
FY2020 $15.8M$14.4M$1.4M$16.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $21,535,365 across 5 lines filed
VIII-1e Government grants$19,642,563
VIII-1f All other contributions, gifts and grants$884,488
VIII-1h Total contributions, gifts and grants$20,527,051
VIII-3 Investment incomeExcluded from tax $1,008,314$1,008,314
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,008,314$21,535,365
Part IX · Statement of functional expenses $19,161,045 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,333,585 · Management $143,845 · Fundraising $24,684$1,502,114
IX-7 Other salaries and wagesPrograms $9,046,525 · Management $1,207,234 · Fundraising $19,600$10,273,359
IX-8 Pension plan contributionsPrograms $736,825$736,825
IX-9 Other employee benefitsPrograms $860,124 · Management $15,118$875,242
IX-10 Payroll taxesPrograms $750,855 · Management $96,864 · Fundraising $2,050$849,769
IX-11g Other fees for servicesPrograms $558,560$558,560
IX-12 Advertising and promotionPrograms $48,862$48,862
IX-13 Office expensesPrograms $110,718$110,718
IX-16 OccupancyPrograms $1,335,302 · Management $70,279$1,405,581
IX-17 TravelPrograms $9,958$9,958
IX-22 Depreciation, depletion and amortizationPrograms $34,994 · Management $1,842$36,836
IX-23 InsurancePrograms $19,755 · Management $79,020$98,775
IX-24 Other expenses (24a–d)Programs $1,991,265 · Management $154,618$2,145,883
IX-24e All other expensesPrograms $508,563$508,563
IX-25 Total functional expensesPrograms $17,345,891 · Management $1,768,820 · Fundraising $46,334$19,161,045
Part X · Balance sheet $30,379,135 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,378,128$8,262,538
X-2 Savings and temporary cash investmentsStart of year $14,738,108$14,865,717
X-4 Accounts receivableStart of year $3,386,680$1,185,794
X-10c Land, buildings and equipment, netStart of year $374,922$1,848,528
X-15 Other assetsStart of year $3,455,651$4,216,558
X-16 Total assetsStart of year $27,358,569$30,379,135
X-17 Accounts payable and accrued expensesStart of year $292,094$318,135
X-25 Other liabilitiesStart of year $390,590$1,010,795
X-26 Total liabilitiesStart of year $682,684$1,328,930
X-27 Net assets without donor restrictionsStart of year $26,675,885$29,050,205
X-32 Total net assets or fund balancesStart of year $26,675,885$29,050,205
X-33 Total liabilities and net assetsStart of year $27,358,569$30,379,135
Part XI · Reconciliation of net assets $29,050,205 net assets at year end
XI-1 Total revenue$21,535,365
XI-2 Total expenses$19,161,045
XI-3 Revenue less expenses$2,374,320
XI-4 Net assets at start of year$26,675,885
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,050,205

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

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