Jackson Preparatory School Foundation FY2020 filing

Tax-deductible

Flowood, MS501(c)(3)Since 1989EIN 57-0889451

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Jackson Preparatory School Foundation operates a private secondary School serving students in hinds, madison, and rankin counties.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$598K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
2 of 5
filings with a surplus
Average surplus $768K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$598K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $123K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8.9M
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.5M
Spent
$12.9M
To programs
72%
Net assets
$19.2M
By yearFY2020–FY2025
Revenue
$13.5M
FY2020
Revenue by fiscal year
FY2020$13.5M
FY2021$18.4M
FY2023$13.3M
FY2024$13.9M
FY2025$15.8M
Expenses
$12.9M
FY2020
Expenses by fiscal year
FY2020$12.9M
FY2021$12.1M
FY2023$13.4M
FY2024$15.4M
FY2025$17.1M
Net assets
$19.2M
FY2020
Net assets by fiscal year
FY2020$19.2M
FY2021$26.2M
FY2023$26.1M
FY2024$25.0M
FY2025$23.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 1991.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $9.3M Management & general 25% · $3.3M Fundraising 3% · $333K

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

25 people listed on the 990; $598K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$210,216Pt VII · Sec A
Chief Operating Officer/ I
$168,579Pt VII · Sec A
Assistant Head/Head of Hig
$112,677Pt VII · Sec A
Head Football Coach
$106,050Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Lawrence Coco$292,706$249,528$252,213$217,716$210,216
Denny Britt—$152,595$146,506$181,279$168,579
Crisler Boone$158,422$155,342$157,003——
Forrest Ashworth$139,828————
Luke Nealey$118,028$116,878$115,904$125,740$112,677
Ricky Black———$109,011$106,050

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

Educates students in grades 7-12 in Mississippi.

Provided by the organization

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1 program service account for $9.3M of program spending, described in the organization's own filed words · FY2019.
01

Jackson preparatory school foundation provides education to approximately 841 students in grades six through twelve. Various student activities are also offered.

$9.3Mprogram 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
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$13.5M
Ln 12
Fees for servicesLn 2g$10.8M
Gifts and grantsLn 1h$2.2M
Other incomeLn 4–11$299K
Money outPt IX
$12.9M
Ln 25
Programscol B$9.3M
Managementcol C$3.3M
Fundraisingcol D$333K
Owns and owesPt X
$19.2M
net assets · Ln 32
Cash and savingsLn 1–2$5.4M
Total assetsLn 16$28.0M
LiabilitiesLn 26$8.9M
PeoplePt VI, VII
25
listed · VII A
PaidVII A4
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.2M
Fees for servicesLn 2g$10.8M
Investment incomeLn 3$157K
Other incomeLn 4–11$299K
Gains on assetsLn 7$50K
Total revenueLn 12$13.5M
Assets in detailPt X, end of year
SavingsLn 2$5.4M
Cash and savings togetherLn 1–2$5.4M
InvestmentsLn 11–13$3.6M
Land, buildings, equipmentLn 10c$16.1M
Other assetsLn 15$895K
Total assetsLn 16$28.0M
LiabilitiesLn 26$8.9M
Net assetsLn 32$19.2M
OperationsPt I, VI
EmployeesI 5179
VolunteersI 6100
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 FY20End FY20
Cash and savingsLn 1–2$3.8M$5.4M
InvestmentsLn 11–13$3.3M$3.6M
Land, buildings, equipmentLn 10c$16.9M$16.1M
Total assetsLn 16$26.3M$28.0M
LiabilitiesLn 26$7.6M$8.9M
Net assetsLn 32$18.7M$19.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$598K$598K
Other salaries and wagesLn 7$6.0M$4.7M$1.1M$236K
Pension plan contributionsLn 8$223K$159K$56K$8K
Other employee benefitsLn 9$469K$334K$118K$17K
Payroll taxesLn 10$484K$344K$122K$17K
Other fees for servicesLn 11g$521K$521K
Advertising and promotionLn 12$113K$113K
Office expensesLn 13$144K$36K$56K$52K
OccupancyLn 16$282K$235K$47K
TravelLn 17$6K$6K
InterestLn 20$157K$157K
Depreciation, depletion and amortizationLn 22$1.3M$1.3M$63K
Other expenses (24a–d)Ln 24$1.5M$1.5M$22K$2K
All other expensesLn 24e$1.0M$581K$442K$2K
Total functional expensesLn 25$12.9M$9.3M$3.3M$333K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $15.8M$17.1M−$1.4M$23.5M 990 PDF
FY2024 $13.9M$15.4M−$1.5M$25.0M 990 PDF
FY2023 $13.3M$13.4M−$126K$26.1M 990 PDF
FY2022 Not on file
FY2021 $18.4M$12.1M$6.3M$26.2M 990 PDF
FY2020 Viewing $13.5M$12.9M$563K$19.2M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $13,450,377 across 7 lines filed
Lines not itemized here account for $208,541 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,194,048
VIII-1h Total contributions, gifts and grants$2,194,048
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,799,992$10,799,992
VIII-3 Investment incomeExcluded from tax $106,745$106,745
VIII-7 Net gain or loss on sales of assetsExcluded from tax $50,108$50,108
VIII-8 Net income from fundraising eventsExcluded from tax $90,943$90,943
VIII-12 Total revenueRelated to mission $11,008,533 · Unrelated business $0 · Excluded from tax $247,796$13,450,377
Part IX · Statement of functional expenses $12,887,519 across 14 lines filed
IX-5 Pay of current officers, directors and key staffManagement $597,522$597,522
IX-7 Other salaries and wagesPrograms $4,734,847 · Management $1,075,494 · Fundraising $235,905$6,046,246
IX-8 Pension plan contributionsPrograms $158,579 · Management $56,234 · Fundraising $7,889$222,702
IX-9 Other employee benefitsPrograms $333,742 · Management $118,348 · Fundraising $16,604$468,694
IX-10 Payroll taxesPrograms $344,333 · Management $122,103 · Fundraising $17,131$483,567
IX-11g Other fees for servicesManagement $520,760$520,760
IX-12 Advertising and promotionPrograms $113,229$113,229
IX-13 Office expensesPrograms $36,478 · Management $56,294 · Fundraising $51,663$144,435
IX-16 OccupancyPrograms $235,200 · Management $47,161$282,361
IX-17 TravelManagement $6,284$6,284
IX-20 InterestManagement $156,923$156,923
IX-22 Depreciation, depletion and amortizationPrograms $1,281,673 · Management $62,647$1,344,320
IX-24 Other expenses (24a–d)Programs $1,451,389 · Management $21,708 · Fundraising $1,784$1,474,881
IX-24e All other expensesPrograms $581,109 · Management $442,302 · Fundraising $2,184$1,025,595
IX-25 Total functional expensesPrograms $9,270,579 · Management $3,283,780 · Fundraising $333,160$12,887,519
Part X · Balance sheet $28,008,780 assets, 16 lines filed
Asset lines not itemized here account for $20,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $3,829,826$5,412,086
X-3 Pledges and grants receivableStart of year $265,163$857,640
X-4 Accounts receivableStart of year $124,036$213,036
X-8 Inventories for sale or useStart of year $574,415$591,233
X-9 Prepaid expenses and deferred chargesStart of year $406,012$349,290
X-10c Land, buildings and equipment, netStart of year $16,864,136$16,095,816
X-12 Other securitiesStart of year $3,267,948$3,574,424
X-15 Other assetsStart of year $936,934$895,255
X-16 Total assetsStart of year $26,313,470$28,008,780
X-17 Accounts payable and accrued expensesStart of year $608,069$904,364
X-19 Deferred revenueStart of year $3,049,650$2,774,868
X-26 Total liabilitiesStart of year $7,635,656$8,858,257
X-27 Net assets without donor restrictionsStart of year $14,955,540$15,295,653
X-28 Net assets with donor restrictionsStart of year $3,722,274$3,854,870
X-32 Total net assets or fund balancesStart of year $18,677,814$19,150,523
X-33 Total liabilities and net assetsStart of year $26,313,470$28,008,780
Part XI · Reconciliation of net assets $19,150,523 net assets at year end
XI-1 Total revenue$13,450,377
XI-2 Total expenses$12,887,519
XI-3 Revenue less expenses$562,858
XI-4 Net assets at start of year$18,677,814
XI-5 Net unrealized gains (losses) on investments−$48,470
XI-9 Other changes in net assets−$41,679
XI-10 Net assets at end of year$19,150,523

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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