Civic Intelligence

Knowledge Academies Inc.

990 • Fiscal year 2022 • EIN 27-0547275

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

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

83rd percentile

0.67x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.55x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

10th percentile

$50,000

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

2nd percentile

-28%

Faster asset growth than 2% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

249%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$18,892,755

Down $7,280,555 (-28%) from 2021

Net Assets

Up

$6,218,506

Up $14,487,018 (+175%) from 2021

Liabilities

Down

$12,674,249

Down $21,767,573 (-63%) from 2021

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin93rd percentile

Revenue

Up

$23,028,658

Up $16,436,205 (+249%) from 2021

Expenses

Up

$8,541,640

Up $1,617,153 (+23%) from 2021

Net Income

Up

$14,487,018

Up $14,819,052 (+4463%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2022

Assets$18,892,755
Liabilities$12,674,249
Net Assets$6,218,506
Open 2022 Filing

Operations Trend

Revenue Growth97th 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

2022

Revenue$23,028,658
Expenses$8,541,640
Net Income$14,487,018
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$38,917,130
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$21,117,628$11,704,597▼ $9,413,031
Accounts Receivable$292,478$669,350▲ $376,872
Cash and Non-Interest-Bearing Accounts$3,481,004$644,449▼ $2,836,555
Prepaid Expenses and Deferred Charges$63,910$36,635▼ $27,275
Total Assets$26,173,310$18,892,755▼ $7,280,555
Other Assets Total$1,218,290$5,837,724▲ $4,619,434
Liabilities
Tax Exempt Bond Liabilities$26,860,000--
Other Liabilities$873,057$12,217,421▲ $11,344,364
Unsecured Notes Loans Payable$789,985--
Mortgage Notes Payable Secured by Investment Property$574,924--
Accounts Payable and Accrued Expenses$5,343,856$456,828▼ $4,887,028
Total Liabilities$34,441,822$12,674,249▼ $21,767,573
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-8,268,512$6,218,506▲ $14,487,018
Total Net Assets Fund Balance$-8,268,512$6,218,506▲ $14,487,018
Total Liabilities and Net Assets / Fund Balance$26,173,310$18,892,755▼ $7,280,555

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,242,000-$11,242,000
Equipment$207,765$445,350$653,115
Other Land Buildings$124,499$374,892$499,391
Leasehold Improvements$130,333$136,580$266,913
Other Assets Org$4,313,576--
Compensation and Service Providers
Top Officer Pay10th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tamara AbbottExecutive 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
Tanaka VercherBoard Member
Jeff BradfordSecretary
Scott Schumpert CPATreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,438,704
Program Service Revenue
$477,254
Investment Income
$-1,143,472
Other Revenue
$15,256,172
All Other Contributions
$11,916
Change in Net Assets
$14,487,018

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,791,619
Revenue Not Reported on Financial Statements
$237,039
Revenue Not Reported on Form 990
$1,143,472
Other Revenue Adjustments
$237,039
Total Revenue per Audited Statements
$23,935,091
Total Revenue per Form 990
$23,028,658
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,192,262
Salaries, Compensation, and Employee Benefits$3,349,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,682,966$218,777-$2,901,743
Interest$1,299,029$68,370-$1,367,399
Fees for Services Other$153,018$893,503-$1,046,521
Depreciation Depletion$584,981$30,789-$615,770
Office Expenses$127,569$255,477-$383,046
Occupancy$337,901$17,784-$355,685
Information Technology$269,324$14,175-$283,499
Payroll Taxes$213,870$17,439-$231,309
Other Expenses$174,287--$174,287
Other Employee Benefits$153,786$12,540-$166,326
Advertising$17,984$96,426-$114,410
Current Officers, Directors, Trustees, and Key Employees$46,230$3,770-$50,000
Fees for Services Legal$7,188$41,971-$49,159
Fees for Services Accounting$5,360$31,300-$36,660
Travel$18,680--$18,680
Total Functional Expenses$6,839,319$1,702,321$0$8,541,640

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,463,760
Total Expenses per Form 990$8,541,640
Expenses per Audited Statements$8,320,288
Expenses Not Reported on Form 990$1,143,472
Expenses Not Reported on Financial Statements$221,352
Other Expense Adjustments$221,352
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
Lease Liabilities$11,242,000
Deferred Inflows Related to Pensions$975,421
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
2023-05-10
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
83
Volunteers
0

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
222 SECOND AVE SOUTH STE 1240, NASHVILLE, TN 37201
Preparer
Lauren Moses
Phone
6153836592
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Ka started an early learning center in order to meet the needs of parents who have a focus on early learning opportunities.”

Form 990, Part IX, Line 11G

“Other professional services: program service expenses 153,018. Management and general expenses 893,503. Fundraising expenses 0. Total expenses 1,046,521.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of asset 1,143,472.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Reach early learning llc 237,039.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Loss on sale of asset 1,143,472.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Reach early learning llc 221,352.”

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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/OtherAssetsTotalGrp/EOYAmt05837724
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012540
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0153786
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0166326
IRS990/OtherExpensesGrp/Desc0TRANSPORTATION
IRS990/OtherExpensesGrp/Desc1DIRECT STUDENT EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ProgramServicesAmt0381797
IRS990/OtherExpensesGrp/ProgramServicesAmt1365349
IRS990/OtherExpensesGrp/ProgramServicesAmt2174287
IRS990/OtherExpensesGrp/TotalAmt0381797
IRS990/OtherExpensesGrp/TotalAmt1365349
IRS990/OtherExpensesGrp/TotalAmt2174287
IRS990/OtherLiabilitiesGrp/BOYAmt0873057
IRS990/OtherLiabilitiesGrp/EOYAmt012217421
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0GAIN ON EXTINGUISHMENT OF DEBT
IRS990/OtherRevenueMiscGrp/ExclusionAmt015256172
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015256172
IRS990/OtherRevenueTotalAmt015256172
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0218777
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02682966
IRS990/OtherSalariesAndWagesGrp/TotalAmt02901743
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017439
IRS990/PayrollTaxesGrp/ProgramServicesAmt0213870
IRS990/PayrollTaxesGrp/TotalAmt0231309
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt063910
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036635
IRS990/PrincipalOfficerNm0JAMES BRISTOL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0477254
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0477254
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06347560
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt018789
IRS990/PYOtherExpensesAmt04329378
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0226104
IRS990/PYRevenuesLessExpensesAmt0-332034
IRS990/PYSalariesCompEmpBnftPaidAmt02595109
IRS990/PYTotalExpensesAmt06924487
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06592453
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt014487018
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0477254
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/BookValueAmt011242000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011242000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0207765
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0445350
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0653115
IRS990ScheduleD/ExpensesNotReportedAmt01143472
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0221352
IRS990ScheduleD/ExpensesSubtotalAmt08320288
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0130333
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0136580
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0266913
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0587829
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1824689
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2111630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt34313576
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TCRS STABILIZATION TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED LOSS ON SALE LEASEBACK
IRS990ScheduleD/OtherExpensesIncludedAmt01143472
IRS990ScheduleD/OtherExpensesNotIncludedAmt0221352
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0124499
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0374892
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0499391
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0975421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111242000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITIES
IRS990ScheduleD/OtherRevenueAmt01143472
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0237039
IRS990ScheduleD/RevenueNotReportedAmt01143472
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0237039
IRS990ScheduleD/RevenueSubtotalAmt022791619
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LOSS ON SALE OF ASSET 1,143,472.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REACH EARLY LEARNING LLC 237,039.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON SALE OF ASSET 1,143,472.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3REACH EARLY LEARNING LLC 221,352.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011704597
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05837724
IRS990ScheduleD/TotalExpensesPerForm990Amt08541640
IRS990ScheduleD/TotalLiabilityAmt012217421
IRS990ScheduleD/TotalRevenuePerForm990Amt023028658
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023935091
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09463760
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
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KA STARTED AN EARLY LEARNING CENTER IN ORDER TO MEET THE NEEDS OF PARENTS WHO HAVE A FOCUS ON EARLY LEARNING OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOBLE 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/ExplanationTxt2A DRAFT OF THE 990 WILL BE SENT TO THE BOARD OF DIRECTORS FOR APPROVAL AFTER THE FINANCE ADVISORY TEAM HAS REVIEWED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR REVIEWS ON A CASE BY CASE BASIS. THE POLICY IS MONITORED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION 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/ExplanationTxt5GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ACADEMY'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 153,018. MANAGEMENT AND GENERAL EXPENSES 893,503. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,046,521.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0KNOWLEDGE ACADEMIES INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0REACH EARLY LEARNING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0842574054
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt062833
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0PRESCHOOL EDUCATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0272070
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt05320 HICKORY HOLLOW PKWY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ANTIOCH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0370133128
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt026860000
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt026173310
IRS990/TotalAssetsEOYAmt018892755
IRS990/TotalAssetsGrp/BOYAmt026173310
IRS990/TotalAssetsGrp/EOYAmt018892755
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,892,755
Liabilities
$12,674,249
Net assets
$6,218,506
Revenue
$23,028,658
Expenses
$8,541,640
Net income
$14,487,018
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