Civic Intelligence

Memphis Business Academy Inc

990 • Fiscal year 2021 • EIN 20-1195290

Jul 01, 2020 to Jun 30, 2021 • Filed on Dec 28, 2021

Organization ProfileWWW.MBACHARTERSCHOOLS.ORG
2450 Frayser BlvdMemphis, TN 38127

(901) 358-1651

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.49x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

72nd percentile

0.68x

Higher debt load relative to revenue than 72% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

66th percentile

21%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$188,474

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

58th percentile

13%

Faster asset growth than 58% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

49th percentile

12%

Faster revenue growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$29,884,603

Up $3,537,478 (+13%) from 2020

Net Assets

Up

$15,380,383

Up $4,407,666 (+40%) from 2020

Liabilities

Down

$14,504,220

Down $870,188 (-5.7%) from 2020

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin66th percentile

Revenue

Up

$21,343,740

Up $2,291,069 (+12%) from 2020

Expenses

Up

$16,936,074

Up $228,600 (+1.4%) from 2020

Net Income

Up

$4,407,666

Up $2,062,469 (+88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $3,940,615Liabilities 2011: $2,374,474Net Assets 2011: $1,566,1412011Assets 2012: $3,955,402Liabilities 2012: $1,887,426Net Assets 2012: $2,067,9762012Assets 2013: $4,150,928Liabilities 2013: $1,846,161Net Assets 2013: $2,304,7672013Assets 2014: $6,278,259Liabilities 2014: $3,610,157Net Assets 2014: $2,668,1022014Assets 2015: $7,683,522Liabilities 2015: $3,965,215Net Assets 2015: $3,718,3072015Assets 2016: $11,003,735Liabilities 2016: $6,242,854Net Assets 2016: $4,760,8812016Assets 2017: $12,079,880Liabilities 2017: $5,854,717Net Assets 2017: $6,225,1632017Assets 2018: $15,667,725Liabilities 2018: $8,743,477Net Assets 2018: $6,924,2482018Assets 2019: $21,257,252Liabilities 2019: $12,629,732Net Assets 2019: $8,627,5202019Assets 2020: $26,347,125Liabilities 2020: $15,374,408Net Assets 2020: $10,972,7172020Assets 2021: $29,884,603Liabilities 2021: $14,504,220Net Assets 2021: $15,380,3832021Assets 2022: $45,128,254Liabilities 2022: $24,807,555Net Assets 2022: $20,320,6992022Assets 2023: $39,379,607Liabilities 2023: $17,016,890Net Assets 2023: $22,362,7172023Assets 2024: $40,313,462Liabilities 2024: $15,843,324Net Assets 2024: $24,470,1382024Assets 2025: $41,343,323Liabilities 2025: $16,294,234Net Assets 2025: $25,049,0892025

Highlighted filing

2021

Assets$29,884,603
Liabilities$14,504,220
Net Assets$15,380,383
Open 2021 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2011: $5,601,786Expenses 2011: $5,331,969Net Income 2011: $269,8172011Revenue 2012: $6,083,801Expenses 2012: $5,837,560Net Income 2012: $246,2412012Revenue 2013: $6,693,153Expenses 2013: $6,533,852Net Income 2013: $159,3012013Revenue 2014: $6,889,693Expenses 2014: $6,526,359Net Income 2014: $363,3342014Revenue 2015: $8,842,514Expenses 2015: $7,791,306Net Income 2015: $1,051,2082015Revenue 2016: $9,390,512Expenses 2016: $8,517,090Net Income 2016: $873,4222016Revenue 2017: $12,426,070Expenses 2017: $10,961,788Net Income 2017: $1,464,2822017Revenue 2018: $14,294,578Expenses 2018: $13,595,493Net Income 2018: $699,0852018Revenue 2019: $16,716,492Expenses 2019: $15,013,220Net Income 2019: $1,703,2722019Revenue 2020: $19,052,671Expenses 2020: $16,707,474Net Income 2020: $2,345,1972020Revenue 2021: $21,343,740Expenses 2021: $16,936,074Net Income 2021: $4,407,6662021Revenue 2022: $24,582,080Expenses 2022: $19,834,000Net Income 2022: $4,748,0802022Revenue 2023: $25,443,148Expenses 2023: $23,477,775Net Income 2023: $1,965,3732023Revenue 2024: $27,944,632Expenses 2024: $25,837,211Net Income 2024: $2,107,4212024Revenue 2025: $25,554,680Expenses 2025: $24,975,729Net Income 2025: $578,9512025

Highlighted filing

2021

Revenue$21,343,740
Expenses$16,936,074
Net Income$4,407,666
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Dec 28, 2021
Return Version
2020v4.0
Gross Receipts
$21,343,861
Mission and Program Overview

Mission

Memphis Business Academy is a public charter school authorized by the Shelby County Schools Board of Education. The mission of the school is to improve the academic achievement of elementary, middle and high schools in math, science, social studies and language arts with a business/finance emphasis.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,456,025$10,461,902▲ $2,005,877
Cash and Non-Interest-Bearing Accounts$6,220,774$6,621,589▲ $400,815
Investments in Publicly Traded Securities$4,107,720$4,123,487▲ $15,767
Pledges and Grants Receivable$120,001$1,182,377▲ $1,062,376
Prepaid Expenses and Deferred Charges$386,360$335,021▼ $51,339
Accounts Receivable$131,415$198,227▲ $66,812
Total Assets$26,347,125$29,884,603▲ $3,537,478
Other Assets Total$6,924,830$6,962,000▲ $37,170
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,486,315$12,171,410▼ $314,905
Other Liabilities$2,747,693$2,157,621▼ $590,072
Accounts Payable and Accrued Expenses$140,400$175,189▲ $34,789
Total Liabilities$15,374,408$14,504,220▼ $870,188
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,771,029$12,302,720▲ $4,531,691
Net Assets With Donor Restrictions$3,201,688$3,077,663▼ $124,025
Total Net Assets Fund Balance$10,972,717$15,380,383▲ $4,407,666
Total Liabilities and Net Assets / Fund Balance$26,347,125$29,884,603▲ $3,537,478

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,559,332$3,842,388$12,401,720
Land$1,902,570-$1,902,570
Other Assets Org$6,962,000--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anthony AndersonCEOFT$188,474$188,474
Dr Menthia P BradleyCOOFT$122,820$122,820
Nancy S ReevesCFOFT$122,820$122,820

Board Members and Trustees

NameTitle
Tony ReederChairman
Alexia RosalesTrustee
Barbara BennetTrustee
Bianca RussellTrustee
Shawn ThomasTrustee
Zachary BeasleySecretary
Sirgregory ThortonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$20,907,622
Program Service Revenue
$0
Investment Income
$267,300
Other Revenue
$168,818
All Other Contributions
$227,653
Change in Net Assets
$4,407,666
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,539,234
Other Expenses$4,396,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,392,589$928,935-$10,321,524
Occupancy$930,656$293,893-$1,224,549
Other Employee Benefits$1,021,618$101,038-$1,122,656
Depreciation Depletion$598,970$189,151-$788,121
Payroll Taxes$695,080$68,745-$763,825
Interest$328,787$103,828-$432,615
Pension Plan Contributions$301,418$29,811-$331,229
Insurance$124,120$39,198-$163,318
Office Expenses$114,175$36,055-$150,230
Fees for Services Accounting$52,872$16,698-$69,570
Other Expenses$39,461$12,462-$51,923
All Other Expenses$3,536$1,117-$4,653
Fees for Services Legal$2,471$780-$3,251
Total Functional Expenses$14,752,296$2,183,778$0$16,936,074
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows$2,157,621
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

“Two officers are related. Anthony anderson and celia anderson are married. The cfo will review the 990 before the filing of the return. Board of trustees approves compensation of ceo, executive director and top management. Board of trustees approves compensation of other officers and key employees. Documents are available upon request. All governing documents and financial statements filed in our office.”

Form 990, Page 6, Part VI, Line 2

“Anthony anderson celia anderson married”

Form 990, Page 6, Part VI, Line 11B

“The cfo will review the 990 before the filing of the return”

Form 990, Page 6, Part VI, Line 15A

“Board of trustees approves compensation of ceo, executive director and top management”

Form 990, Page 6, Part VI, Line 15B

“Board of trustees approves compensation of other officers and key employees”

Form 990, Page 6, Part VI, Line 19

“Documents are available upon request. All governing documents and financial statements filed in our office.”

Filing and Contact Details

Filer

Filer Name
Memphis Business Academy Inc
EIN
20-1195290
Phone
9013581651
Address
2450 FRAYSER BLVD, MEMPHIS, TN 38127

Signing Officer

Name
Nancy S Reeves
Title
CFO
Phone
9013588569
Signed
2021-12-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy S Reeves
Formed
2005
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
197
Volunteers
5

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
6525 N QUAIL HOLLOW SUITE 500, MEMPHIS, TN 38120
Preparer
Charles E Mclean CPA
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990

“Memphis business academy is a public charter school authorized by the shelby county schools board of education. The mission of the school is to improve the academic achievement of elementary, middle, and high schools in math, science, social studies and language arts with a business/finance emphasis.”

Form 990, Part III

“Memphis business academy is a public charter school authorized by the shelby county schools board of education. The mission of the school is to improve the academic achievement of elementary, middle and high schools in math, science, social studies and language arts with a business/finance emphasis.”

Raw XML AppendixShowing 400 of 477 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0140400
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0175189
IRS990/AccountsReceivableGrp/BOYAmt0131415
IRS990/AccountsReceivableGrp/EOYAmt0198227
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE SCHEDULE O
IRS990/AllOtherContributionsAmt0227653
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01117
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03536
IRS990/AllOtherExpensesGrp/TotalAmt04653
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0NANCY S REEVES
IRS990/BooksInCareOfDetail/PhoneNum03182074649
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02450 FRAYSER BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038127
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt06220774
IRS990/CashNonInterestBearingGrp/EOYAmt06621589
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt020907622
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0267300
IRS990/CYOtherExpensesAmt04396840
IRS990/CYOtherRevenueAmt0168818
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt04407666
IRS990/CYSalariesCompEmpBnftPaidAmt012539234
IRS990/CYTotalExpensesAmt016936074
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt021343740
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0189151
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0598970
IRS990/DepreciationDepletionGrp/TotalAmt0788121
IRS990/Desc0THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt03201688
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03077663
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0197
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt014752296
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt016698
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt052872
IRS990/FeesForServicesAccountingGrp/TotalAmt069570
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0780
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02471
IRS990/FeesForServicesLegalGrp/TotalAmt03251
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0ANTHONY ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1DR MENTHIA P BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2NANCY S REEVES
IRS990/Form990PartVIISectionAGrp/PersonNm3ZACHARY BEASLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4BARBARA BENNET
IRS990/Form990PartVIISectionAGrp/PersonNm5TONY REEDER
IRS990/Form990PartVIISectionAGrp/PersonNm6ALEXIA ROSALES
IRS990/Form990PartVIISectionAGrp/PersonNm7BIANCA RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm8SHAWN THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm9SIRGREGORY THORTON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0188474
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1122820
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2122820
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-121
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt020679969
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt021343861
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt039198
IRS990/InsuranceGrp/ProgramServicesAmt0124120
IRS990/InsuranceGrp/TotalAmt0163318
IRS990/InterestGrp/ManagementAndGeneralAmt0103828
IRS990/InterestGrp/ProgramServicesAmt0328787
IRS990/InterestGrp/TotalAmt0432615
IRS990/InvestmentIncomeGrp/ExclusionAmt0267421
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0267421
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04107720
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04123487
IRS990/IRPDocumentCnt053
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03842388
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08456025
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010461902
IRS990/LandBldgEquipCostOrOtherBssAmt014304290
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0121
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SEE SCHEDULE O
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012486315
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012171410
IRS990/NetAssetsOrFundBalancesBOYAmt010972717
IRS990/NetAssetsOrFundBalancesEOYAmt015380383
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-121
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-121
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07771029
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012302720
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0293893
IRS990/OccupancyGrp/ProgramServicesAmt0930656
IRS990/OccupancyGrp/TotalAmt01224549
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt036055
IRS990/OfficeExpensesGrp/ProgramServicesAmt0114175
IRS990/OfficeExpensesGrp/TotalAmt0150230
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06924830
IRS990/OtherAssetsTotalGrp/EOYAmt06962000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0101038
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01021618
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01122656
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL MATERIALS & S
IRS990/OtherExpensesGrp/Desc1CASUAL LABOR
IRS990/OtherExpensesGrp/Desc2STUDENT TRANSPORTATION
IRS990/OtherExpensesGrp/Desc3EVENT COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0208486
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1118644
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234937
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt312462
IRS990/OtherExpensesGrp/ProgramServicesAmt0660204
IRS990/OtherExpensesGrp/ProgramServicesAmt1375705
IRS990/OtherExpensesGrp/ProgramServicesAmt2110634
IRS990/OtherExpensesGrp/ProgramServicesAmt339461
IRS990/OtherExpensesGrp/TotalAmt0868690
IRS990/OtherExpensesGrp/TotalAmt1494349
IRS990/OtherExpensesGrp/TotalAmt2145571
IRS990/OtherExpensesGrp/TotalAmt351923
IRS990/OtherLiabilitiesGrp/BOYAmt02747693
IRS990/OtherLiabilitiesGrp/EOYAmt02157621
IRS990/OtherOrganizationDsc0NON-PROFIT
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0STUDENT BODY ACTIVITES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0168818
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0168818
IRS990/OtherRevenueTotalAmt0168818
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0928935
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09392589
IRS990/OtherSalariesAndWagesGrp/TotalAmt010321524
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt068745
IRS990/PayrollTaxesGrp/ProgramServicesAmt0695080
IRS990/PayrollTaxesGrp/TotalAmt0763825
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt029811
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0301418
IRS990/PensionPlanContributionsGrp/TotalAmt0331229
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0120001
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01182377
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0386360
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0335021
IRS990/PrincipalOfficerNm0NANCY S REEVES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt018873724
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0167572
IRS990/PYInvestmentIncomeAmt04408
IRS990/PYOtherExpensesAmt04130985
IRS990/PYOtherRevenueAmt0174539
IRS990/PYRevenuesLessExpensesAmt02345197
IRS990/PYSalariesCompEmpBnftPaidAmt012408917
IRS990/PYTotalExpensesAmt016707474
IRS990/PYTotalRevenueAmt019052671
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04407666
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt08559332
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03842388
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012401720
IRS990ScheduleD/LandGrp/BookValueAmt01902570
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01902570
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06962000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MSA MEMPHIS INVESTMENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02157621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010461902
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06962000
IRS990ScheduleD/TotalLiabilityAmt02157621
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MEMPHIS BUSINESS ACADEMY RECEIVES FINANCIAL AID FROM GOVERNMENTAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0188474
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ANTHONY ANDERSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0188474
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TWO OFFICERS ARE RELATED. ANTHONY ANDERSON AND CELIA ANDERSON ARE MARRIED. THE CFO WILL REVIEW THE 990 BEFORE THE FILING OF THE RETURN. BOARD OF TRUSTEES APPROVES COMPENSATION OF CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT. BOARD OF TRUSTEES APPROVES COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS FILED IN OUR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANTHONY ANDERSON CELIA ANDERSON MARRIED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CFO WILL REVIEW THE 990 BEFORE THE FILING OF THE RETURN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF TRUSTEES APPROVES COMPENSATION OF CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD OF TRUSTEES APPROVES COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS FILED IN OUR OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HARMONY REAL ESTATE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0384108024
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02450 FRAYSER BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038127
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0227653
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HARMONY PLAZA REAL ESTATE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0405326
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,884,603
Liabilities
$14,504,220
Net assets
$15,380,383
Revenue
$21,343,740
Expenses
$16,936,074
Net income
$4,407,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$41.3$16.3$25.0$25.6$25.0$0.58
2024Detailed filing. Detailed filing data is available for this year.$40.3$15.8$24.5$27.9$25.8$2.11
2023Detailed filing. Detailed filing data is available for this year.$39.4$17.0$22.4$25.4$23.5$1.97
2022Detailed filing. Detailed filing data is available for this year.$45.1$24.8$20.3$24.6$19.8$4.75
2021Detailed filing. Detailed filing data is available for this year.$29.9$14.5$15.4$21.3$16.9$4.41
2020Summary only. Only limited summary data is available for this year.$26.3$15.4$11.0$19.1$16.7$2.35
2019Detailed filing. Detailed filing data is available for this year.$21.3$12.6$8.63$16.7$15.0$1.70
2018Detailed filing. Detailed filing data is available for this year.$15.7$8.74$6.92$14.3$13.6$0.70
2017Detailed filing. Detailed filing data is available for this year.$12.1$5.85$6.23$12.4$11.0$1.46
2016Detailed filing. Detailed filing data is available for this year.$11.0$6.24$4.76$9.39$8.52$0.87
2015Summary only. Only limited summary data is available for this year.$7.68$3.97$3.72$8.84$7.79$1.05
2014Summary only. Only limited summary data is available for this year.$6.28$3.61$2.67$6.89$6.53$0.36
2013Summary only. Only limited summary data is available for this year.$4.15$1.85$2.30$6.69$6.53$0.16
2012Summary only. Only limited summary data is available for this year.$3.96$1.89$2.07$6.08$5.84$0.25
2011Summary only. Only limited summary data is available for this year.$3.94$2.37$1.57$5.60$5.33$0.27