Civic Intelligence

Knowledge Academies Inc.

990 • Fiscal year 2020 • EIN 27-0547275

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

Organization ProfileWWW.KAYOUTH.ORG
5320 Hickory Hollow Pkwy Ste BAntioch, TN 37013

(615) 800-6814

Siviq Scores

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

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

6.03x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

9th percentile

$50,000

Higher top officer pay than 9% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

24th percentile

-0.4%

Faster asset growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-47%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$25,686,975

Down $97,272 (-0.4%) from 2019

Net Assets

Down

-$7,936,478

Down $2,725,037 (-52%) from 2019

Liabilities

Up

$33,623,453

Up $2,627,765 (+8.5%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin6th percentile

Revenue

Down

$5,580,202

Down $5,024,938 (-47%) from 2019

Expenses

Down

$8,305,239

Down $4,225,888 (-34%) from 2019

Net Income

Down

-$2,725,037

Down $799,050 (-41%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$40M$20M$0-$20MAssets 2015: $682,151Liabilities 2015: $480,549Net Assets 2015: $201,6022015Assets 2016: $1,318,969Liabilities 2016: $798,637Net Assets 2016: $520,3322016Assets 2017: $1,342,457Liabilities 2017: $1,658,003Net Assets 2017: -$315,5462017Assets 2018: $25,795,577Liabilities 2018: $28,024,231Net Assets 2018: -$2,228,6542018Assets 2019: $25,784,247Liabilities 2019: $30,995,688Net Assets 2019: -$5,211,4412019Assets 2020: $25,686,975Liabilities 2020: $33,623,453Net Assets 2020: -$7,936,4782020Assets 2021: $26,173,310Liabilities 2021: $34,441,822Net Assets 2021: -$8,268,5122021Assets 2022: $18,892,755Liabilities 2022: $12,674,249Net Assets 2022: $6,218,5062022Assets 2023: $18,930,946Liabilities 2023: $11,480,718Net Assets 2023: $7,450,2282023Assets 2024: $21,310,242Liabilities 2024: $12,304,162Net Assets 2024: $9,006,0802024

Highlighted filing

2020

Assets$25,686,975
Liabilities$33,623,453
Net Assets-$7,936,478
Open 2020 Filing

Operations Trend

Revenue Growth6th percentile

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

$30M$20M$10M$0-$10MRevenue 2015: $3,242,670Expenses 2015: $3,048,337Net Income 2015: $194,3332015Revenue 2016: $4,566,351Expenses 2016: $4,247,621Net Income 2016: $318,7302016Revenue 2017: $7,167,657Expenses 2017: $8,003,535Net Income 2017: -$835,8782017Revenue 2018: $9,295,702Expenses 2018: $11,208,810Net Income 2018: -$1,913,1082018Revenue 2019: $10,605,140Expenses 2019: $12,531,127Net Income 2019: -$1,925,9872019Revenue 2020: $5,580,202Expenses 2020: $8,305,239Net Income 2020: -$2,725,0372020Revenue 2021: $6,592,453Expenses 2021: $6,924,487Net Income 2021: -$332,0342021Revenue 2022: $23,028,658Expenses 2022: $8,541,640Net Income 2022: $14,487,0182022Revenue 2023: $10,639,716Expenses 2023: $9,407,994Net Income 2023: $1,231,7222023Revenue 2024: $12,131,313Expenses 2024: $10,575,461Net Income 2024: $1,555,8522024

Highlighted filing

2020

Revenue$5,580,202
Expenses$8,305,239
Net Income-$2,725,037
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.2
Gross Receipts
$5,580,202
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,199,787$21,596,701▼ $603,086
Cash and Non-Interest-Bearing Accounts$2,552,721$2,930,949▲ $378,228
Accounts Receivable$2,541$159,287▲ $156,746
Prepaid Expenses and Deferred Charges$43,179$3,570▼ $39,609
Total Assets$25,784,247$25,686,975▼ $97,272
Other Assets Total$986,019$996,468▲ $10,449
Liabilities
Tax Exempt Bond Liabilities$26,860,000$26,860,000→ $0
Accounts Payable and Accrued Expenses$2,775,444$4,674,833▲ $1,899,389
Other Liabilities$785,320$789,396▲ $4,076
Unsecured Notes Loans Payable-$724,300-
Mortgage Notes Payable Secured by Investment Property$574,924$574,924→ $0
Total Liabilities$30,995,688$33,623,453▲ $2,627,765
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,211,441$-7,936,478▼ $2,725,037
Total Net Assets Fund Balance$-5,211,441$-7,936,478▼ $2,725,037
Total Liabilities and Net Assets / Fund Balance$25,784,247$25,686,975▼ $97,272

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,237,976$1,314,829$19,552,805
Land$2,925,000-$2,925,000
Other Land Buildings$154,811$265,546$420,357
Equipment$107,198$294,179$401,377
Leasehold Improvements$171,716$85,197$256,913
Compensation and Service Providers
Top Officer Pay9th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Eric LewisExec. DirectorFT$50,000$50,000

Board Members and Trustees

NameTitle
James Bristol JdChairman
Jeff BradfordVice-chair/secretary
Colin Cannonier PhdBoard Member
Evangeline Motley-johnson PhdBoard Member
Glenn Hunter MbaBoard Member
Sam JacksonBoard Member
Tanaka VercherBoard Member
Scott Schumpert CPAAsst. Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,409,811
Program Service Revenue
$150,891
Investment Income
$19,500
Other Revenue
$0
All Other Contributions
$8,000
Change in Net Assets
$-2,725,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,580,202
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,580,202
Total Revenue per Form 990
$5,580,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,682,536
Salaries, Compensation, and Employee Benefits$3,622,703
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,660,310$231,331-$2,891,641
Interest$1,440,198$75,800-$1,515,998
Depreciation Depletion$621,006$32,685-$653,691
Fees for Services Other$252,450$395,571-$648,021
Occupancy$301,314$15,859-$317,173
Other Employee Benefits$233,495$20,304-$253,799
Payroll Taxes$220,814$19,201-$240,015
Fees for Services Legal$89,942$140,934-$230,876
Office Expenses$32,113$173,800-$205,913
Information Technology$51,281$153,844-$205,125
Pension Plan Contributions$172,268$14,980-$187,248
Other Expenses$59,263--$59,263
Current Officers, Directors, Trustees, and Key Employees$46,000$4,000-$50,000
Fees for Services Accounting$18,070$28,315-$46,385
Travel$5,330--$5,330
Total Functional Expenses$6,998,615$1,306,624$0$8,305,239

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,305,239
Total Expenses per Audited Statements$8,305,239
Total Expenses per Form 990$8,305,239
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Related to Pensions$542,014
Net Pension Liability$247,382

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Health and Educational Facilities Board of the Metropolitan Govermnet2017-11-16$25,625,000Purchase of previously leased property and buildings

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$25,625,000--$507,500

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Noble education initiative, inc. - manages all aspects of the school inclusive of education, operations, accounting, finance, and human resources. Knowledge academies reimbursed nobel education initiative, inc. For $50,000 of the executive director's wages.”

Form 990, Part VI, Section B, Line 11B

“A draft of the 990 will be sent to the board of directors for approval after the finance advisory team has reviewed.”

Form 990, Part VI, Section B, Line 12C

“The executive director reviews on a case by case basis. The policy is monitored annually.”

Form 990, Part VI, Section B, Line 15

“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.”

Form 990, Part VI, Section C, Line 19

“Governing documents, policies, and financial statements are available upon request and academy's website.”

Filing and Contact Details

Filer

Filer Name
Knowledge Academies Inc
EIN
27-0547275
Phone
6158006814
Address
5320 HICKORY HOLLOW PKWY STE B, ANTIOCH, TN 37013

Signing Officer

Name
James Bristol
Title
Chairman
Phone
6158006814
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bristol
Formed
2009
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
167
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
222 SECOND AVE SOUTH STE 1240, NASHVILLE, TN 37201
Preparer
Sara G Moon
Phone
6153836592
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IRS990/OtherAssetsTotalGrp/EOYAmt0996468
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020304
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0233495
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0253799
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1DIRECT STUDENT EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0419054
IRS990/OtherExpensesGrp/ProgramServicesAmt1375707
IRS990/OtherExpensesGrp/ProgramServicesAmt259263
IRS990/OtherExpensesGrp/TotalAmt0419054
IRS990/OtherExpensesGrp/TotalAmt1375707
IRS990/OtherExpensesGrp/TotalAmt259263
IRS990/OtherLiabilitiesGrp/BOYAmt0785320
IRS990/OtherLiabilitiesGrp/EOYAmt0789396
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0231331
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02660310
IRS990/OtherSalariesAndWagesGrp/TotalAmt02891641
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt019201
IRS990/PayrollTaxesGrp/ProgramServicesAmt0220814
IRS990/PayrollTaxesGrp/TotalAmt0240015
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014980
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0172268
IRS990/PensionPlanContributionsGrp/TotalAmt0187248
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043179
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03570
IRS990/PrincipalOfficerNm0JAMES BRISTOL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150891
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010331358
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt036154
IRS990/PYOtherExpensesAmt06337821
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0237628
IRS990/PYRevenuesLessExpensesAmt0-1925987
IRS990/PYSalariesCompEmpBnftPaidAmt06193306
IRS990/PYTotalExpensesAmt012531127
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010605140
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2725037
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0150891
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt018237976
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01314829
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019552805
IRS990ScheduleD/EquipmentGrp/BookValueAmt0107198
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0294179
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0401377
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08305239
IRS990ScheduleD/LandGrp/BookValueAmt02925000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02925000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0171716
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt085197
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0256913
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0154811
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0265546
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0420357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0247382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1542014
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05580202
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021596701
IRS990ScheduleD/TotalExpensesPerForm990Amt08305239
IRS990ScheduleD/TotalLiabilityAmt0789396
IRS990ScheduleD/TotalRevenuePerForm990Amt05580202
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05580202
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08305239
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0OUR NON-DISCRIMINATORY STATEMENT IS POSTED ON OUR WEBSITE ON THE ONLINE STUDENT APPLICATION PAGE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02017-11-16
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0626139016
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0592041YG6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt025625000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF THE METROPOLITAN GOVERMNET
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE OF PREVIOUSLY LEASED PROPERTY AND BUILDINGS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt025625000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NOBLE EDUCATION INITIATIVE, INC. - MANAGES ALL ASPECTS OF THE SCHOOL INCLUSIVE OF EDUCATION, OPERATIONS, ACCOUNTING, FINANCE, AND HUMAN RESOURCES. KNOWLEDGE ACADEMIES REIMBURSED NOBEL EDUCATION INITIATIVE, INC. FOR $50,000 OF THE EXECUTIVE DIRECTOR'S WAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 WILL BE SENT TO THE BOARD OF DIRECTORS FOR APPROVAL AFTER THE FINANCE ADVISORY TEAM HAS REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS ON A CASE BY CASE BASIS. THE POLICY IS MONITORED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION 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/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ACADEMY'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,686,975
Liabilities
$33,623,453
Net assets
-$7,936,478
Revenue
$5,580,202
Expenses
$8,305,239
Net income
-$2,725,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.3$12.3$9.01$12.1$10.6$1.56
2023Detailed filing. Detailed filing data is available for this year.$18.9$11.5$7.45$10.6$9.41$1.23
2022Detailed filing. Detailed filing data is available for this year.$18.9$12.7$6.22$23.0$8.54$14.5
2021Detailed filing. Detailed filing data is available for this year.$26.2$34.4$8.27$6.59$6.92$0.33
2020Detailed filing. Detailed filing data is available for this year.$25.7$33.6$7.94$5.58$8.31$2.73
2019Detailed filing. Detailed filing data is available for this year.$25.8$31.0$5.21$10.6$12.5$1.93
2018Detailed filing. Detailed filing data is available for this year.$25.8$28.0$2.23$9.30$11.2$1.91
2017Detailed filing. Detailed filing data is available for this year.$1.34$1.66$0.32$7.17$8.00$0.84
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.80$0.52$4.57$4.25$0.32
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.48$0.20$3.24$3.05$0.19