Form 990, Part VI, Section B, Line 11
“A draft of the 990 will be sent to the board of directors for approval after the finance advisory team has reviewed.”
Scores are not available for this record yet.
Assets
$682,151
No earlier filing loaded for comparison.
Net Assets
$201,602
No earlier filing loaded for comparison.
Liabilities
$480,549
No earlier filing loaded for comparison.
Revenue
$3,242,670
No earlier filing loaded for comparison.
Expenses
$3,048,337
No earlier filing loaded for comparison.
Net Income
$194,333
No earlier filing loaded for comparison.
The mission of knowledge academies (ka) is to prepare students to make the best academic and social choices leading to a successful life connected to college, community, creativity, and culture. Our alumni will graduate college ready and remain connected to their community. Our families will support the development of highly effective student leadership habits.
The mission of knowledge academies (ka) is to prepare students to make the best academic and social choices leading to the completion of a college degree. Our alumni will graduate college ready and remain connected to their community. Our families will support the development of highly effective student leadership habits. Ka is recognized as a national k12 breakthrough model for college.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $265,912 | $284,633 | ▲ $18,721 |
| Land, Buildings, and Equipment, Net | $82,407 | $122,201 | ▲ $39,794 |
| Pledges and Grants Receivable | $44,516 | $72,815 | ▲ $28,299 |
| Prepaid Expenses and Deferred Charges | $40,690 | $35,700 | ▼ $4,990 |
| Total Assets | $433,525 | $682,151 | ▲ $248,626 |
| Other Assets Total | $0 | $166,802 | ▲ $166,802 |
| Liabilities | |||
| Other Liabilities | $0 | $294,949 | ▲ $294,949 |
| Accounts Payable and Accrued Expenses | $122,978 | $185,600 | ▲ $62,622 |
| Deferred Revenue | $80,959 | - | - |
| Total Liabilities | $203,937 | $480,549 | ▲ $276,612 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $229,588 | $201,602 | ▼ $27,986 |
| Total Net Assets Fund Balance | $229,588 | $201,602 | ▼ $27,986 |
| Total Liabilities and Net Assets / Fund Balance | $433,525 | $682,151 | ▲ $248,626 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $111,819 | $52,156 | $163,975 |
| Leasehold Improvements | $10,382 | $2,708 | $13,090 |
| Other Assets Org | $166,802 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Arthur L Fuller Jr | President | FT | $76,812 | $4,188 | $81,000 |
| Ariel Mccallum | Exec. Director | FT | $70,239 | $2,032 | $72,271 |
| Name | Title |
|---|---|
| James Bristol Jd | Chairman |
| Jeff Bradford | Vice-chair |
| Colin Cannonier Phd | Board Member |
| Evangeline Motley-johnson Phd | Board Member |
| Glenn Hunter Mba | Board Member |
| Robin Dillion | Board Member |
| Stephen F Graw | Board Member |
| Tanaka Vercher | Board Member |
| William Carver Sphr | Board Member |
| Scott Schumpert CPA | Asst. Treasurer |
| Jason Reierson | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,871,519 |
| Other Expenses | $1,176,818 |
| Total Fundraising Expense | $9,269 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,287,868 | $100,647 | $6,431 | $1,394,946 |
| Occupancy | $432,151 | $22,620 | - | $454,771 |
| Other Employee Benefits | $149,638 | $11,695 | $746 | $162,079 |
| Current Officers, Directors, Trustees, and Key Employees | $141,505 | $11,059 | $707 | $153,271 |
| Payroll Taxes | $104,274 | $8,149 | $521 | $112,944 |
| Office Expenses | $34,653 | $33,428 | $641 | $68,722 |
| Information Technology | $15,360 | $44,844 | - | $60,204 |
| Pension Plan Contributions | $44,573 | $3,483 | $223 | $48,279 |
| Fees for Services Accounting | - | $47,339 | - | $47,339 |
| Depreciation Depletion | $27,328 | $1,438 | - | $28,766 |
| Fees for Services Other | - | $27,080 | - | $27,080 |
| Advertising | - | $20,499 | - | $20,499 |
| Other Expenses | $8,656 | $2,164 | $0 | $10,820 |
| Travel | - | $3,406 | - | $3,406 |
| Total Functional Expenses | $2,701,217 | $337,851 | $9,269 | $3,048,337 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,048,337 |
| Total Expenses per Audited Statements | $3,048,337 |
| Total Expenses per Form 990 | $3,048,337 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Deferred Inflows Related to Pensions | $260,049 |
| Net Pension Liability | $34,900 |
“A draft of the 990 will be sent to the board of directors for approval after the finance advisory team has reviewed.”
“The executive director reviews on a case by case basis. The policy is monitored annually.”
“Compensation is determined as part of the charter school review committee evaluation and due diligence process. It is reviewed by the metro nashvile public schools review committee. The process includes a review of the local school district salary schedule for existing and surrounding counties.”
“Governing documents, policies, and financial statements are available upon request and academy's website.”
“Prior period adjustments - in prior years, the academy was not required to recognize a liability for its defined benefit pension plans. However, with the implementation of gasb statement no. 68, government employers are required to recognize a net pension liability in their statement of net position. Therefore a restatement decreasing the academy's beginning net position by $222,319 has been recognized on the statement of activities.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDesc | 0 | THE MISSION OF KNOWLEDGE ACADEMIES (KA) IS TO PREPARE STUDENTS TO MAKE THE BEST ACADEMIC AND SOCIAL CHOICES LEADING TO THE COMPLETION OF A COLLEGE DEGREE. OUR ALUMNI WILL GRADUATE COLLEGE READY AND REMAIN CONNECTED TO THEIR COMMUNITY. OUR FAMILIES WILL SUPPORT THE DEVELOPMENT OF HIGHLY EFFECTIVE STUDENT LEADERSHIP HABITS. KA IS RECOGNIZED AS A NATIONAL K12 BREAKTHROUGH MODEL FOR COLLEGE. |
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| IRS990/Desc | 0 | KA WAS RECOGNIZED AS A 2015 NEXT AWARDS FINALIST BY NASHVILLE AREA CHAMBER OF COMMERCE, FOR SOCIAL ENTERPRISE AND SUSTAINABILITY.KA RECEIVED LETTER GRADES OF A IN MATH, A IN SCIENCE, AND B IN READING/LANGUAGE ARTS FOR ACADEMIC LEARNING GAINS AS PUBLISHED BY THE TENNESSEE DEPARTMENT OF EDUCATION. |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 294949 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 6431 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 100647 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 1287868 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1394946 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 521 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 8149 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 104274 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 112944 |
| IRS990/PensionPlanContributionsGrp/FundraisingAmt | 0 | 223 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 3483 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 44573 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 48279 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 44516 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 72815 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 40690 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 35700 |
| IRS990/PrincipalOfficerNm | 0 | ARTHUR L FULLER JR |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -222319 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT FEES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 37734 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 37734 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2405634 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 964113 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 31955 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 70602 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1402874 |
| IRS990/PYTotalExpensesAmt | 0 | 2366987 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2437589 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 194333 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 37734 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3048337 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 10382 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 2708 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 13090 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 166802 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEFERRED OUTFLOWS RELATED TO PENSIONS |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 111819 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 52156 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 163975 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 34900 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 260049 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NET PENSION LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFERRED INFLOWS RELATED TO PENSIONS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3242670 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 122201 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 166802 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3048337 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 294949 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3242670 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3242670 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3048337 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | OUR NON-DISCRIMINATORY STATEMENT IS POSTED ON OUR WEBSITE ON THE ONLINE STUDENT APPLICATION PAGE. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A DRAFT OF THE 990 WILL BE SENT TO THE BOARD OF DIRECTORS FOR APPROVAL AFTER THE FINANCE ADVISORY TEAM HAS REVIEWED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE EXECUTIVE DIRECTOR REVIEWS ON A CASE BY CASE BASIS. THE POLICY IS MONITORED ANNUALLY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | COMPENSATION IS DETERMINED AS PART OF THE CHARTER SCHOOL REVIEW COMMITTEE EVALUATION AND DUE DILIGENCE PROCESS. IT IS REVIEWED BY THE METRO NASHVILE PUBLIC SCHOOLS REVIEW COMMITTEE. THE PROCESS INCLUDES A REVIEW OF THE LOCAL SCHOOL DISTRICT SALARY SCHEDULE FOR EXISTING AND SURROUNDING COUNTIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ACADEMY'S WEBSITE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PRIOR PERIOD ADJUSTMENTS - IN PRIOR YEARS, THE ACADEMY WAS NOT REQUIRED TO RECOGNIZE A LIABILITY FOR ITS DEFINED BENEFIT PENSION PLANS. HOWEVER, WITH THE IMPLEMENTATION OF GASB STATEMENT NO. 68, GOVERNMENT EMPLOYERS ARE REQUIRED TO RECOGNIZE A NET PENSION LIABILITY IN THEIR STATEMENT OF NET POSITION. THEREFORE A RESTATEMENT DECREASING THE ACADEMY'S BEGINNING NET POSITION BY $222,319 HAS BEEN RECOGNIZED ON THE STATEMENT OF ACTIVITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI - LINE 8 |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 433525 |
| IRS990/TotalAssetsEOYAmt | 0 | 682151 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 433525 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 682151 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 3204936 |
| IRS990/TotalEmployeeCnt | 0 | 78 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 9269 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 337851 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 2701217 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3048337 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 203937 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 480549 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 203937 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 480549 |
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Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.