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.

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$136K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 $1.2M a year · 16% 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$136K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $635K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.9M
+27% vs prior year
Spent
$5.7M
To programs
60%
Net assets
$6.1M
By yearFY2020–FY2025
Revenue
$7.9M
FY2022▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.8M
FY2021$6.2M
FY2022$7.9M
FY2023$8.2M
FY2024$8.2M
FY2025$9.1M
Expenses
$5.7M
FY2022▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$4.2M
FY2022$5.7M
FY2023$7.3M
FY2024$7.5M
FY2025$8.1M
Net assets
$6.1M
FY2022▲ +56%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$3.9M
FY2022$6.1M
FY2023$7.0M
FY2024$7.7M
FY2025$8.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

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

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $3.4M Management & general 40% · $2.3M Fundraising 0% · $21K

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; $136K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$136,132Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lagra Newman$252,976$191,916—$136,132$112,148$111,616
Brandy Putnam$131,635$110,016————
Shauna Russell—$123,324$100,072———
Courtney Brooks$122,416—————
Tikoya Bullock$116,366—————
Mackenzie Fox$106,530—————
Brandon Hughes$101,116—————

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 15aNo

Programs and updates

Educates young students with strong academics and character for college readiness.

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1 program · $3.4M · in their own filed words · FY2021
01

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.

$3.4Mprogram 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
50can INCFY2024$280K
Total grants receivedfrom 4 funders$635K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.9M
Ln 12
Gifts and grantsLn 1h$7.9M
Other incomeLn 4–11$8K
Investment incomeLn 3$7K
Money outPt IX
$5.7M
Ln 25
Programscol B$3.4M
Managementcol C$2.3M
Fundraisingcol D$21K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$10.7M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.9M
Government grantsLn 1e$7.6M
Investment incomeLn 3$7K
Other incomeLn 4–11$8K
Total revenueLn 12$7.9M
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$3.6M
Other assetsLn 15$841K
Total assetsLn 16$10.7M
LiabilitiesLn 26$4.7M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 553
VolunteersI 650
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 FY22End FY22
Cash and savingsLn 1–2$3.1M$3.1M
Land, buildings, equipmentLn 10c$3.7M$3.6M
Total assetsLn 16$9.0M$10.7M
LiabilitiesLn 26$5.1M$4.7M
Net assetsLn 32$3.9M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$141K$141K
Other salaries and wagesLn 7$2.4M$1.6M$795K
Pension plan contributionsLn 8$12K$9K$3K
Other employee benefitsLn 9$343K$258K$86K
Payroll taxesLn 10$190K$142K$47K
Management feesLn 11a$758K$319K$439K
Office expensesLn 13$118K$118K
OccupancyLn 16$272K$89K$183K
TravelLn 17$298K$298K
InterestLn 20$130K$130K
Depreciation, depletion and amortizationLn 22$101K$85K$15K
InsuranceLn 23$49K$49K
Other expenses (24a–d)Ln 24$841K$563K$279K
All other expensesLn 24e$34K$13K$21K
Total functional expensesLn 25$5.7M$3.4M$2.3M$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.1M$8.1M$984K$8.7M 990 PDF
FY2024 $8.2M$7.5M$741K$7.7M 990 PDF
FY2023 $8.2M$7.3M$913K$7.0M 990 PDF
FY2022 Viewing $7.9M$5.7M$2.2M$6.1M 990 PDF
FY2021 $6.2M$4.2M$2.0M$3.9M 990 PDF
FY2020 $4.8M$4.3M$495K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $7,881,900 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,195,450$7,866,904
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,380$6,757
I-11 Other revenuePrior year $1,141$8,239
I-12 Total revenuePrior year $6,201,971$7,881,900
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 $2,879,464$3,117,240
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,317,705$2,599,922
I-18 Total expensesPrior year $4,197,169$5,717,162
I-19 Revenue less expensesPrior year $2,004,802$2,164,738
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $7,881,900 across 6 lines filed
VIII-1e Government grants$7,603,216
VIII-1f All other contributions, gifts and grants$263,688
VIII-1h Total contributions, gifts and grants$7,866,904
VIII-3 Investment incomeExcluded from tax $6,757$6,757
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,239$8,239
VIII-12 Total revenueRelated to mission $8,239 · Unrelated business $0 · Excluded from tax $6,757$7,881,900
Part IX · Statement of functional expenses $5,717,162 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $140,721$140,721
IX-7 Other salaries and wagesPrograms $1,635,413 · Management $795,329$2,430,742
IX-8 Pension plan contributionsPrograms $9,288 · Management $3,096$12,384
IX-9 Other employee benefitsPrograms $257,571 · Management $85,857$343,428
IX-10 Payroll taxesPrograms $142,474 · Management $47,491$189,965
IX-11a Management feesPrograms $319,155 · Management $438,713$757,868
IX-13 Office expensesManagement $117,548$117,548
IX-16 OccupancyPrograms $89,254 · Management $182,634$271,888
IX-17 TravelPrograms $298,213$298,213
IX-20 InterestManagement $129,526$129,526
IX-22 Depreciation, depletion and amortizationPrograms $85,485 · Management $15,085$100,570
IX-23 InsuranceManagement $49,245$49,245
IX-24 Other expenses (24a–d)Programs $562,858 · Management $278,598$841,456
IX-24e All other expensesPrograms $12,820 · Fundraising $20,788$33,608
IX-25 Total functional expensesPrograms $3,412,531 · Management $2,283,843 · Fundraising $20,788$5,717,162
Part X · Balance sheet $10,740,534 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,142,643$3,088,579
X-4 Accounts receivableStart of year $507,646$2,449,534
X-9 Prepaid expenses and deferred chargesStart of year $474,933$714,150
X-10c Land, buildings and equipment, netStart of year $3,691,952$3,647,648
X-15 Other assetsStart of year $1,179,535$840,623
X-16 Total assetsStart of year $8,996,709$10,740,534
X-17 Accounts payable and accrued expensesStart of year $168,887$301,605
X-18 Grants payableStart of year $330,000$280,000
X-19 Deferred revenueStart of year $1,310,181$935,331
X-26 Total liabilitiesStart of year $5,103,591$4,682,678
X-32 Total net assets or fund balancesStart of year $3,893,118$6,057,856
X-33 Total liabilities and net assetsStart of year $8,996,709$10,740,534
Part XI · Reconciliation of net assets $6,057,856 net assets at year end
XI-1 Total revenue$7,881,900
XI-2 Total expenses$5,717,162
XI-3 Revenue less expenses$2,164,738
XI-4 Net assets at start of year$3,893,118
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,057,856

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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