Tupelo Christian Preparatory School 
The information on this page was last updated 3/14/2023. If you see errors or omissions, please email: [email protected]
Summary
Since 1988 Tupelo Christian Preparatory School has been and is dedicated to the glory of God and is founded on the belief that God is the source of all truth revealed in the Person of Jesus Christ. All areas of learning (spiritual, academic, physical, and social) are taught from the biblically based belief that truth is revealed in the Word of God. The Bible has prime significance in all subject areas.
Contact information
Mailing address:
Tupelo Christian Preparatory School
5440 Endville Road
Belden, MS 38826
Website: tcps.net
Phone: 662.844.8604
Email: [email protected]
Organization details
EIN: 640808987
CEO/President: Andy Carter
Chairman: SCOTT COCHRAN
Board size: 10
Founder:
Ruling year: 1992
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: Yes
Member of ECFA since: 2008
Purpose
TCPS is committed to providing a challenging instructional program that is Christ-centered, biblically based which forms the foundation of all truth and promotes a standard of academic rigor while assisting those who demonstrate strong learning potential and preparing all for the next stage of academic pursuit and life.
Mission statement
Leading students in partnership with Christian families, to know Christ and make Him known through rigorous academics, challenging athletics, stimulating arts, and servant-hood activities.
Statement of faith
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: K-12 Schools/Academies
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 84 of 1104 | 3 of 48 |
| Fund acquisition rating | | 216 of 1105 | 21 of 48 |
| Resource allocation rating | | 223 of 1105 | 4 of 48 |
| Asset utilization rating | | 265 of 1104 | 14 of 48 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 11% | 0% | 1% | 13% | 2% | 147% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 3% | 0% | 0% | 2% | 0% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 15% | 9% | 6% | 17% | 3% | 1% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 3% | 0% | 0% | 2% | 0% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 85% | 91% | 94% | 83% | 97% | 99% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 87% | 87% | 85% | 84% | 77% |
Spending ratio Spending ratio = Total expenses / Total revenue | 94% | 98% | 99% | 89% | 102% | 105% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 85% | 86% | 75% | 85% | 81% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 6% | 2% | 1% | 11% | -2% | -5% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 6% | 2% | 1% | 11% | -2% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 14% | 13% | 13% | 13% | 16% | 22% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.46 | 0.56 | 0.55 | 0.53 | 0.54 | 0.51 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.08 | 6.17 | 8.71 | 8.72 | 11.44 | 30.07 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 3.44 | 4.82 | 4.64 | 6.21 | 15.45 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 3.01 | 1.14 | 0.88 | 1.11 | 0.93 | 0.32 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.33 | 0.88 | 1.14 | 0.90 | 1.07 | 3.12 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.19 | 0.43 | -0.34 | 0.25 | -0.14 | -1.65 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 33% | 40% | 41% | 40% | 47% | 46% |
Debt ratio Debt ratio = Debt / Total assets | 11% | 25% | 28% | 29% | 38% | 35% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 143% | 108% | 106% | 114% | 97% | 106% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,431,151 | $979,714 | $942,603 | $648,444 | $211,799 |
| Receivables, inventories, prepaids | $81,652 | $86,169 | $85,198 | $147,272 | $97,205 |
| Short-term investments | $37,269 | $33,245 | $37,637 | $28,791 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,550,072 | $1,099,128 | $1,065,438 | $824,507 | $309,004 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $8,007,435 | $8,471,567 | $8,224,668 | $8,607,297 | $8,951,517 |
| Other long-term assets | $0 | $0 | $0 | $0 | $32,731 |
| Total long-term assets | $8,007,435 | $8,471,567 | $8,224,668 | $8,607,297 | $8,984,248 |
| Total assets | $9,557,507 | $9,570,695 | $9,290,106 | $9,431,804 | $9,293,252 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $33,860 | $311,807 | $39,459 | $30,144 | $69,354 |
| Other current liabilities | $1,325,437 | $936,604 | $921,912 | $852,349 | $894,790 |
| Total current liabilities | $1,359,297 | $1,248,411 | $961,371 | $882,493 | $964,144 |
| Debt | $2,417,417 | $2,677,680 | $2,721,262 | $3,585,392 | $3,241,653 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $38,272 |
| Total long-term liabilities | $2,417,417 | $2,677,680 | $2,721,262 | $3,585,392 | $3,279,925 |
| Total liabilities | $3,776,714 | $3,926,091 | $3,682,633 | $4,467,885 | $4,244,069 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $5,734,428 | $5,595,600 | $5,455,758 | $4,898,569 | $4,958,119 |
| With donor restrictions | $46,365 | $49,004 | $151,715 | $65,350 | $91,064 |
| Net assets | $5,780,793 | $5,644,604 | $5,607,473 | $4,963,919 | $5,049,183 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $469,823 | $306,396 | $953,248 | $136,408 | $58,010 |
| Program service revenue | $4,964,613 | $5,055,268 | $4,631,595 | $4,884,920 | $4,476,971 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $3,288 | ($7,419) | ($17,345) | $252 | $447 |
| Other revenue | $30,466 | ($11,430) | $6,399 | $14,407 | $0 |
| Total other revenue | $4,998,367 | $5,036,419 | $4,620,649 | $4,899,579 | $4,477,418 |
| Total revenue | $5,468,190 | $5,342,815 | $5,573,897 | $5,035,987 | $4,535,428 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $4,658,749 | $4,619,076 | $4,189,818 | $4,282,828 | $3,660,805 |
| Management and general | $675,084 | $679,971 | $629,286 | $836,696 | $1,028,218 |
| Fundraising | $2,228 | $2,245 | $120,086 | $2,763 | $85,415 |
| Total expenses | $5,336,061 | $5,301,292 | $4,939,190 | $5,122,287 | $4,774,438 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $132,129 | $41,523 | $634,707 | ($86,300) | ($239,010) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $132,129 | $41,523 | $634,707 | ($86,300) | ($239,010) |
Compensation
| Name | Title | Compensation |
| Andy Carter | Head of Scho | $119,781 |
Compensation data as of: 6/30/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 3/14/2023. To update the information below, please email: [email protected]
History
At Tupelo Christian Preparatory School (TCPS) the goal of education is to glorify God by developing students who are equipped and motivated to serve God and others, as they apply a Christian worldview that sees Scripture as authoritative; man as created in God's image, yet fallen; and God as Creator, Lord and Savior (Proverbs 9:10). Because the Bible is true and authoritative, it governs the entire curriculum at TCPS (2 Timothy 3:16). The content of every subject reflects who God is and what he has done. God not only reveals truth through the word he has spoken in Scripture, but also through the creation he has made (Psalm 19:1). Consequently, since our world was created by a wise God, not random chance, science and math can be tested and proved. The words we speak or write have meaning and are true or false, good or evil, creative or destructive. Students are a crowning part of God's creation, made in his image so that they can think his thoughts and do his will (Psalm 8:3-6a). God has given them a mandate to, be fruitful and increase in number; fill the earth and subdue it (Genesis 1:28). This is the purpose of education, equipping the mind and character for a life-long adventure of learning and practice, to fulfill the creation mandate in a godly manner. The task of true education is to develop in students an understanding of God and the reality he has created; to practice that understanding to exercise a creative-redemptive dominion over creation within the context of loving God and fellow human beings. With an attitude of worship, God is glorified as his image is reflected in the lives of students, teachers and parents. We invite you to make application for the enrollment of your children in our school. We offer PK4 year-old through twelfth (12th) grade. It will be an honor and a privilege for us, the faculty and staff of TCPS, to join with you in the Christian education of your children. Thank you for visiting our site. If you have further questions after your online experience, please call us at (662) 844-8604 for more information