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Filing year 2023

FREEDOM PREPARATORY ACADEMY INC

Memphis, Tennessee·EIN 26-1342579·NTEE B24 · Education·501(c)(3)
Total revenue
$35.4M
Total assets
$57.5M
Total expenses
$33.1M
Reported officers
14
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Tennessee.

Ceo/founder
Officer (Unspecified)
$304k
$332k
Base
$222k
Bonus
$64k
Other
Benefits
$19k
CFO
Median to 75th percentile
$176k
$192k
Base
$151k
Bonus
$10k
Other
Benefits
$15k
Head of School
Highest Compensated Employee
10th to 25th percentile
$120k
$131k
Principal
Highest Compensated Employee
10th to 25th percentile
$120k
$131k
Head of School
Highest Compensated Employee
10th to 25th percentile
$119k
$130k
COO
25th percentile to medianvs Education peers nationwide
$112k
$122k
CTO
Officer (Unspecified)
$87k
$95k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FREEDOM PREPARATORY ACADEMY INC equaled 0.9% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.9%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 27%
from 2022

From $239k in 2022 to $304k in 2023.

$239k
2022
$304k
2023
In today's dollarsEst.
Up 22% in real terms$273k to $332k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 5% from 2022 to 2023, while revenue fell 11%.

$167k in 2022 to $176k in 2023.
  • Highest Compensated Employee pay fell 11% from 2022 to 2023.
  • Chief Operating Officer pay rose 147% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FREEDOM PREPARATORY ACADEMY INC

What does the Chief Financial Officer of FREEDOM PREPARATORY ACADEMY INC earn?

In 2023, the Chief Financial Officer of FREEDOM PREPARATORY ACADEMY INC received $175,751 in total compensation. This pay is above the median (the midpoint) for Chief Financial Officer roles among Education organizations in Tennessee, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Financial Officer pay at FREEDOM PREPARATORY ACADEMY INC compare with similar nonprofits?

Compared with the same role at Education organizations in Tennessee, the 2023 pay of the Chief Financial Officer at FREEDOM PREPARATORY ACADEMY INC falls between the median and the 75th percentile. In 2023, the highest total compensation at FREEDOM PREPARATORY ACADEMY INC equaled 0.9% of the organization's total expenses. The median for education organizations is 7%.

What are FREEDOM PREPARATORY ACADEMY INC's revenue and expenses?

In 2023, FREEDOM PREPARATORY ACADEMY INC reported $35.4M in total revenue and $33.1M in total expenses on its IRS Form 990.

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