EIN 45-4885204

Capstone Education Group (CEG)

IRS 501(c) type
501(c)(3)
Num. employees
268
Year formed
2012
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Capstone Education Group (CEG) is a charter management organization created to serve children living in local communities in Memphis. CEG, formed by Memphians to serve Memphians, currently runs two full elementary schools.
Total revenues
$20,578,588
2023
Total expenses
$18,205,736
2023
Total assets
$23,971,387
2023
Num. employees
268
2023

Program areas at CEG

College preparatory school providing students with a challenging and high quality Education.

Who funds Capstone Education Group (CEG)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Charter School Growth Fund (CSGF)Charter School Growth$900,000
Charter School Growth Fund (CSGF)Charter School Growth$202,500
Crawford-Howard Private FoundationCharitable Exempt Purpose$100,000
...and 2 more grants received

Personnel at CEG

NameTitleCompensation
Meagan A TateChief Culture Officer$109,453
Bridgette SimmonsDean of Culture$100,326
Drew SippelExecutive Director$226,919
Alex WrobelDirector of Operational Systems , Data , and Technology
Herbert DickensDirector of Public Relations and Recruitment
...and 8 more key personnel

Financials for CEG

RevenuesFYE 06/2023
Total grants, contributions, etc.$20,432,340
Program services$0
Investment income and dividends$146,248
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$20,578,588

Form 990s for CEG

Fiscal year endingDate received by IRSFormPDF link
2023-062023-12-19990View PDF
2022-062023-03-25990View PDF
2021-062022-01-27990View PDF
2020-062021-04-06990View PDF
2019-062020-08-19990View PDF
...and 6 more Form 990s

Organizations like CEG

OrganizationLocationRevenue
California Online Public SchoolsSan Juan Capistrano, CA$88,645,360
Purpose Built Schools AtlantaAtlanta, GA$34,651,857
Republic Schools NashvilleNashville, TN$24,775,563
Innovations AcademySan Diego, CA$5,352,076
Tindley SchoolsIndianapolis, IN$15,817,379
Scitech AcademyRichfield, MN$5,202,157
Brick AcademyNewark, NJ$5,366,508
Intrinsic SchoolsChicago, IL$28,377,055
Esperanza Cyber Charter School (ECCS)Philadelphia, PA$20,535,146
Redesign Schools LouisianaBaton Rouge, LA$10,735,602
Data update history
February 5, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 5, 2024
Updated personnel
Identified 3 new personnel
December 26, 2023
Received grants
Identified 3 new grant, including a grant for $900,000 from Charter School Growth Fund (CSGF)
August 19, 2023
Received grants
Identified 3 new grant, including a grant for $100,000 from Crawford-Howard Private Foundation
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
SchoolsCharter schoolsK-12 schoolsCharities
Issues
Education
Characteristics
State / local levelReceives government fundingManagement and technical assistanceCommunity engagement / volunteeringTax deductible donations
General information
Address
PO Box 22569
Memphis, TN 38122
Metro area
Memphis, TN-MS-AR
County
Shelby County, TN
Website URL
cegmemphis.org/ 
Phone
(901) 416-3640
Facebook page
capstoneeducationgroupmemphis 
Twitter profile
@cornerstoneprep 
IRS details
EIN
45-4885204
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2012
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B29: Charter Schools
NAICS code, primary
611110: Elementary and Secondary Schools
Parent/child status
Independent
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