Civic Intelligence

Knowledge Academies Inc.

990 • Fiscal year 2021 • EIN 27-0547275

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

1.32x

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

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

Liabilities / Revenue

94th percentile

5.22x

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

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

Net Margin

13th percentile

-5.0%

Higher net margin than 13% of similar nonprofits.

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

Top Officer Pay

10th percentile

$50,000

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

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

Asset Growth

26th percentile

1.9%

Faster asset growth than 26% of similar nonprofits.

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

Revenue Growth

58th percentile

18%

Faster revenue growth than 58% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$26,173,310

Up $486,335 (+1.9%) from 2020

Net Assets

Down

-$8,268,512

Down $332,034 (-4.2%) from 2020

Liabilities

Up

$34,441,822

Up $818,369 (+2.4%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin13th percentile

Revenue

Up

$6,592,453

Up $1,012,251 (+18%) from 2020

Expenses

Down

$6,924,487

Down $1,380,752 (-17%) from 2020

Net Income

Up

-$332,034

Up $2,393,003 (+88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2021

Assets$26,173,310
Liabilities$34,441,822
Net Assets-$8,268,512
Open 2021 Filing

Operations Trend

Revenue Growth58th 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

2021

Revenue$6,592,453
Expenses$6,924,487
Net Income-$332,034
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$6,592,453
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$21,596,701$21,117,628▼ $479,073
Cash and Non-Interest-Bearing Accounts$2,930,949$3,481,004▲ $550,055
Accounts Receivable$159,287$292,478▲ $133,191
Prepaid Expenses and Deferred Charges$3,570$63,910▲ $60,340
Total Assets$25,686,975$26,173,310▲ $486,335
Other Assets Total$996,468$1,218,290▲ $221,822
Liabilities
Tax Exempt Bond Liabilities$26,860,000$26,860,000→ $0
Accounts Payable and Accrued Expenses$4,674,833$5,343,856▲ $669,023
Other Liabilities$789,396$873,057▲ $83,661
Unsecured Notes Loans Payable$724,300$789,985▲ $65,685
Mortgage Notes Payable Secured by Investment Property$574,924$574,924→ $0
Total Liabilities$33,623,453$34,441,822▲ $818,369
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-7,936,478$-8,268,512▼ $332,034
Total Net Assets Fund Balance$-7,936,478$-8,268,512▼ $332,034
Total Liabilities and Net Assets / Fund Balance$25,686,975$26,173,310▲ $486,335

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,736,622$1,816,183$19,552,805
Land$2,925,000-$2,925,000
Equipment$188,333$368,654$556,987
Other Land Buildings$121,649$321,084$442,733
Leasehold Improvements$146,024$110,889$256,913
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

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

Board Members and Trustees

NameTitle
James Bristol JdChairman
Colin Cannonier PhdBoard Member
Evangeline Motley-johnson PhdBoard Member
Glenn Hunter MbaBoard Member
Sam JacksonBoard Member
Tanaka VercherBoard Member
Jeff BradfordSecretary
Scott Schumpert CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,347,560
Program Service Revenue
$226,104
Investment Income
$18,789
Other Revenue
$0
Change in Net Assets
$-332,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,567,335
Revenue Not Reported on Financial Statements
$25,118
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$25,118
Total Revenue per Audited Statements
$6,567,335
Total Revenue per Form 990
$6,592,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,329,378
Salaries, Compensation, and Employee Benefits$2,595,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,929,960$163,710-$2,093,670
Interest$1,426,302$75,069-$1,501,371
Fees for Services Other$160,805$711,278-$872,083
Depreciation Depletion$624,207$32,853-$657,060
Occupancy$242,747$12,230-$254,977
Information Technology$152,536$102,153-$254,689
Office Expenses$63,604$105,194-$168,798
Payroll Taxes$149,957$12,720-$162,677
Pension Plan Contributions$138,303$11,732-$150,035
Other Employee Benefits$127,880$10,847-$138,727
Current Officers, Directors, Trustees, and Key Employees$46,090$3,910-$50,000
Fees for Services Legal$6,945$30,719-$37,664
Fees for Services Accounting$5,587$24,713-$30,300
Other Expenses$29,370--$29,370
Advertising$18,844--$18,844
Travel$10,099--$10,099
Total Functional Expenses$5,627,359$1,297,128$0$6,924,487

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,924,487
Expenses per Audited Statements$6,817,789
Total Expenses per Audited Statements$6,817,789
Expenses Not Reported on Financial Statements$106,698
Other Expense Adjustments$106,698
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$873,057

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
Yes
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
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Bristol
Formed
2009
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
85
Volunteers
0

Preparer

Firm
Cherry Bekaert Llp
Address
222 SECOND AVE SOUTH STE 1240, NASHVILLE, TN 37201
Preparer
Ryan Blankenship
Phone
6153836592
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional services: program service expenses 160,805. Management and general expenses 711,278. Fundraising expenses 0. Total expenses 872,083.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reach early learning llc 25,118.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reach early learning llc 106,698.”

Raw XML AppendixShowing 400 of 501 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.

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IRS990/OccupancyGrp/ProgramServicesAmt0242747
IRS990/OccupancyGrp/TotalAmt0254977
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0105194
IRS990/OfficeExpensesGrp/ProgramServicesAmt063604
IRS990/OfficeExpensesGrp/TotalAmt0168798
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0996468
IRS990/OtherAssetsTotalGrp/EOYAmt01218290
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010847
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127880
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0138727
IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT EXPENSES
IRS990/OtherExpensesGrp/Desc1TRANSPORTATION
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0249943
IRS990/OtherExpensesGrp/ProgramServicesAmt1244180
IRS990/OtherExpensesGrp/ProgramServicesAmt229370
IRS990/OtherExpensesGrp/TotalAmt0249943
IRS990/OtherExpensesGrp/TotalAmt1244180
IRS990/OtherExpensesGrp/TotalAmt229370
IRS990/OtherLiabilitiesGrp/BOYAmt0789396
IRS990/OtherLiabilitiesGrp/EOYAmt0873057
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0163710
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01929960
IRS990/OtherSalariesAndWagesGrp/TotalAmt02093670
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012720
IRS990/PayrollTaxesGrp/ProgramServicesAmt0149957
IRS990/PayrollTaxesGrp/TotalAmt0162677
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011732
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0138303
IRS990/PensionPlanContributionsGrp/TotalAmt0150035
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03570
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063910
IRS990/PrincipalOfficerNm0JAMES BRISTOL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0226104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0226104
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05409811
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt019500
IRS990/PYOtherExpensesAmt04682536
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0150891
IRS990/PYRevenuesLessExpensesAmt0-2725037
IRS990/PYSalariesCompEmpBnftPaidAmt03622703
IRS990/PYTotalExpensesAmt08305239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05580202
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-332034
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0226104
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/BookValueAmt017736622
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01816183
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019552805
IRS990ScheduleD/EquipmentGrp/BookValueAmt0188333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0368654
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0556987
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0106698
IRS990ScheduleD/ExpensesSubtotalAmt06817789
IRS990ScheduleD/LandGrp/BookValueAmt02925000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02925000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0146024
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0110889
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0256913
IRS990ScheduleD/OtherExpensesNotIncludedAmt0106698
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0121649
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0321084
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0442733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0873057
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt025118
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025118
IRS990ScheduleD/RevenueSubtotalAmt06567335
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REACH EARLY LEARNING LLC 25,118.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REACH EARLY LEARNING LLC 106,698.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021117628
IRS990ScheduleD/TotalExpensesPerForm990Amt06924487
IRS990ScheduleD/TotalLiabilityAmt0873057
IRS990ScheduleD/TotalRevenuePerForm990Amt06592453
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06567335
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06817789
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
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
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
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt022484536
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01818125
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0507500
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/ExplanationTxt5OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 160,805. MANAGEMENT AND GENERAL EXPENSES 711,278. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 872,083.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$26,173,310
Liabilities
$34,441,822
Net assets
-$8,268,512
Revenue
$6,592,453
Expenses
$6,924,487
Net income
-$332,034
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