Intrepid College Preparatory School
Nonprofit profile at a glance
- EIN
- 454616636
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Antioch, TN, USA
- Phone
- 6152000131
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Charter Schools
Reported finances
- Revenue
- $15,288,462
- Expenses
- $14,373,821
- Assets
- $19,187,136
- Liabilities
- $5,989,419
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ABIGAIL ROCKEY (CEO)
Highest reported compensation
- ABIGAIL ROCKEY (CEO): $232,170 total reported compensation
- CHRISTINA MCDONALD (HIGH SCHOOL PRINCIPAL): $130,747 total reported compensation
- LAURIE BROWN (DIRECTOR OF STUDENT EXPERIENCE): $119,652 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule o.
What it reported doing in 2024
Intrepid college preparatory charter school is a high performing charter school educating students in nashville's lowest income and most educationally underserved communities in southeast nashville. Our mission is to ensure that our scholars, educators, and families have the opportunity to unlock an unlimited future. By providing rigorous academic instruction and creating powerful relationships amongst our community's members, we ignite passion, seek knowledge, and inspire the bravery needed to have a profound impact in our world. The school has grown from a campus serving 84 students in fifth grade in 2013 to a campus serving approximately 860 students in grades five through twelve. On the 2024 tnready state assessment, intrepid earned level 5 growth ratings in ela, math and science. Intrepid also scored overall level 5 in english, us history, and biology eoc exams. Intrepid college prep currently has a 95.9% graduation rate with 74.3% postsecondary enrollment
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 70
- Accountability: 37
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 63.2%; rating input score 63
- Program expense ratio: 66.6%; rating input score 67
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 5.5%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 15.9% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 17.8% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: 25.2% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 63.2% of revenue deployed · 66.6% of spending went to programs
- Governance: 0 of 7 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $9.6M in reported program spending
- Leadership: top reported pay $232K · 13 people listed · 1 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.