Civic Intelligence

Tmsa Inc DBA the Main Street Academy

EIN 27-1156485 • 501(c)3 • College Park, GA

Profile

The mission of the main street academy is to provide a world class learning opportunity to the children of college park, east point, hapeville and the fulton county schools service area, who are in kindergarten through 8th grade, empowering these students to become critical thinkers, well-rounded indviduals, and world citizens, while developing their intellect in a nurturing environment with ties to the community.

Refreshing map…

2861 Lakeshore DriveCollege Park, GA 30337

www.tricitiescharter.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

0.92x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

45th percentile

2.7%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

19th percentile

-4.5%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$10,854,575

Up $655,727 (+6.4%) from 2022

Liabilities

Up

$12,083,556

Up $3,032,319 (+34%) from 2022

Net Assets

Down

-$1,228,981

Down $2,376,592 (-207%) from 2022

Revenue

Up

$10,899,710

Up $1,358,286 (+14%) from 2022

Expenses

Up

$12,999,649

Up $3,665,925 (+39%) from 2022

Net Income

Down

-$2,099,939

Down $2,307,639 (-1111%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2011: $2,004,974Liabilities 2011: $2,332,721Net Assets 2011: -$327,7472011Assets 2012: $1,895,762Liabilities 2012: $2,021,822Net Assets 2012: -$126,0602012Assets 2013: $963,522Liabilities 2013: $1,325,498Net Assets 2013: -$361,9762013Assets 2014: $1,041,988Liabilities 2014: $1,255,953Net Assets 2014: -$213,9652014Assets 2015: $2,677,834Liabilities 2015: $6,573,263Net Assets 2015: -$3,895,4292015Assets 2017: $5,560,370Liabilities 2017: $7,643,804Net Assets 2017: -$2,083,4342017Assets 2018: $6,773,874Liabilities 2018: $7,522,717Net Assets 2018: -$748,8432018Assets 2019: $9,502,123Liabilities 2019: $9,409,760Net Assets 2019: $92,3632019Assets 2020: $10,662,249Liabilities 2020: $10,538,396Net Assets 2020: $123,8532020Assets 2021: $11,275,368Liabilities 2021: $10,335,457Net Assets 2021: $939,9112021Assets 2022: $10,198,848Liabilities 2022: $9,051,237Net Assets 2022: $1,147,6112022Assets 2024: $10,854,575Liabilities 2024: $12,083,556Net Assets 2024: -$1,228,9812024

Highlighted filing

2024

Assets$10,854,575
Liabilities$12,083,556
Net Assets-$1,228,981

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,259,7782011Expenses 2012: $5,518,6112012Expenses 2013: $6,297,2422013Revenue 2014: $6,935,365Expenses 2014: $6,787,354Net Income 2014: $148,0112014Revenue 2015: $7,362,041Expenses 2015: $6,495,277Net Income 2015: $866,7642015Revenue 2017: $7,818,705Expenses 2017: $6,945,446Net Income 2017: $873,2592017Revenue 2018: $8,739,846Expenses 2018: $7,405,255Net Income 2018: $1,334,5912018Revenue 2019: $8,854,013Expenses 2019: $8,012,807Net Income 2019: $841,2062019Revenue 2020: $8,494,632Expenses 2020: $8,463,142Net Income 2020: $31,4902020Revenue 2021: $9,642,631Expenses 2021: $8,826,573Net Income 2021: $816,0582021Revenue 2022: $9,541,424Expenses 2022: $9,333,724Net Income 2022: $207,7002022Revenue 2024: $10,899,710Expenses 2024: $12,999,649Net Income 2024: -$2,099,9392024

Highlighted filing

2024

Revenue$10,899,710
Expenses$12,999,649
Net Income-$2,099,939

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$12.1$1.23$10.9$13.0$2.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$9.05$1.15$9.54$9.33$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$10.3$0.94$9.64$8.83$0.82
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$10.5$0.12$8.49$8.46$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.50$9.41$0.09$8.85$8.01$0.84
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$7.52$0.75$8.74$7.41$1.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.56$7.64$2.08$7.82$6.95$0.87
2015Detailed filing. Detailed filing data is available for this year.$2.68$6.57$3.90$7.36$6.50$0.87
2014Detailed filing. Detailed filing data is available for this year.$1.04$1.26$0.21$6.94$6.79$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$1.33$0.36$6.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$2.02$0.13$5.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$2.33$0.33$5.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$10,899,710
Mission and Program Overview

Mission

At the main street academy, all students will receive a challenging and enriching education from a dedicated and student-focused staff in partnership with highly-involved parents. Students will leave the main street academy with high expectations of themselves as they prepare for further education and become contributing members of their diverse communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,473,007$4,371,920▼ $101,087
Pd in Cap Srpls Land Bldg Eqp Fund$4,473,007$4,371,920▼ $101,087
Cash and Non-Interest-Bearing Accounts$1,490,233$1,826,453▲ $336,220
Accounts Receivable$1,385,132$71,896▼ $1,313,236
Prepaid Expenses and Deferred Charges$22,532$23,220▲ $688
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-3,602,049$-5,600,901▼ $1,998,852
Total Assets$13,734,488$10,854,575▼ $2,879,913
Other Assets Total$6,363,584$4,561,086▼ $1,802,498
Liabilities
Other Liabilities$12,141,538$11,708,474▼ $433,064
Accounts Payable and Accrued Expenses$721,992$375,082▼ $346,910
Total Liabilities$12,863,530$12,083,556▼ $779,974
Net Assets / Fund Balance
Total Net Assets Fund Balance$870,958$-1,228,981▼ $2,099,939
Total Liabilities and Net Assets / Fund Balance$13,734,488$10,854,575▼ $2,879,913

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,073,920$4,344,897$8,418,817
Land$298,000-$298,000
Other Assets Org$182--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chanel RecasnerPresident
Shameka SmithVice Chair & Treasurer
Damion DunnDirector at Large
Kenya MorrisDirector at Large
Lisa Bentley-whieldonDirector at Large
Michael GlantonDirector at Large
Nkiruka OnyiaDirector at Large
Tangi Bush EsqDirector at Large
Tangie WarriorDirector at Large
Chaddrick Owes Ed DEx Officio Board Member
Kc RevereEx Officio Board Member
Satonja Scott EsqEx Officio Board Member
Kanetha StephensSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$10,442,517
Program Service Revenue
$339,256
Investment Income
$0
Other Revenue
$117,937
All Other Contributions
$18,292
Change in Net Assets
$-2,099,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,899,710
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,899,710
Total Revenue per Form 990
$10,899,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,999,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$849,448$284,803-$1,134,251
Other Expenses$792,331$1,208,036-$792,331
Depreciation Depletion-$584,038-$584,038
Interest-$551-$551
Total Functional Expenses$9,031,505$3,968,144$0$12,999,649

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,999,649
Total Expenses per Audited Statements$12,999,649
Total Expenses per Form 990$12,999,649
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
Net Pension Liability$11,544,885
Lease Liability$115,855
Deferred Inflows of Resources$47,734
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
No

Governance Explanations

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

Form 990 is reviewed by the finance committee prior to filing with the internal revenue service.

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

We do have a conflict policy as it relates to holding a 2nd job. Employees of tmsa are not allowed to have a 2nd job outside of the school including self employment. The school expects high standards of quality service and doesn't feel that can happen working outside of the school.

Form 990, Part VI, Section B, Line 15

Salary and wages are reviewed annually and adjustments, if any, are made on a merit basis, where appropriate, based on performance was well as market and business considerations. Salary adjustments are not automatic. Such adjustments are ultimately made at the decretion of the school.

Form 990, Part VI, Section C, Line 18

The organization makes its form 1023, form 990, and related docuements available to the public upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tmsa Inc Dba the Main Street Academy
EIN
27-1156485
Phone
4047680081
Address
2861 LAKESHORE DRIVE, COLLEGE PARK, GA 30337

Signing Officer

Name
Chanel Recasner
Title
Board President
Phone
4047680081
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chanel Recasner
Formed
2009
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
13
Employees
135
Volunteers
0

Preparer

Firm
Marshall Jones
Address
30000 MILL CREEK AVENUE, ALPHARETTA, GA 30022
Preparer
Nathan Lummus
Phone
4042312001
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

There has been no change in how the board assumes oversight for the audit of the financial statements.

Financial Statement Notes

PART X, LINE 2:

The school only recognizes the tax benefit from an uncertain tax position taken or expected to be taken in a tax return if the tax position is more likely than not to be sustained upon an examination, based on the technical merits of the position. Management has analyzed tax positions taken for filings with the internal revenue service and all state jurisdictions where the school operates. Management believes that income tax filing positions would be sustained upon examination and does not anticipate that any adjustments would result in a material adverse effect on the school's financial condition, results of operations or cash flows. Accordingly, the school has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at june 30, 2024.

Raw XML AppendixShowing 400 of 441 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
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR AT LARGE
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04344897
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04473007
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04371920
IRS990/LandBldgEquipCostOrOtherBssAmt08716817
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AT THE MAIN STREET ACADEMY, ALL STUDENTS WILL RECEIVE A CHALLENGING AND ENRICHING EDUCATION FROM A DEDICATED AND STUDENT-FOCUSED STAFF IN PARTNERSHIP WITH HIGHLY-INVOLVED PARENTS. STUDENTS WILL LEAVE THE MAIN STREET ACADEMY WITH HIGH EXPECTATIONS OF THEMSELVES AS THEY PREPARE FOR FURTHER EDUCATION AND BECOME CONTRIBUTING MEMBERS OF THEIR DIVERSE COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0870958
IRS990/NetAssetsOrFundBalancesEOYAmt0-1228981
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06363584
IRS990/OtherAssetsTotalGrp/EOYAmt04561086
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INSTRUCTION
IRS990/OtherExpensesGrp/Desc1SCHOOL ADMINSTRATION
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND OPERATI
IRS990/OtherExpensesGrp/Desc3PUPIL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01890716
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11208036
IRS990/OtherExpensesGrp/ProgramServicesAmt07389726
IRS990/OtherExpensesGrp/ProgramServicesAmt1792331
IRS990/OtherExpensesGrp/TotalAmt07389726
IRS990/OtherExpensesGrp/TotalAmt11890716
IRS990/OtherExpensesGrp/TotalAmt21208036
IRS990/OtherExpensesGrp/TotalAmt3792331
IRS990/OtherLiabilitiesGrp/BOYAmt012141538
IRS990/OtherLiabilitiesGrp/EOYAmt011708474
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0117937
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0117937
IRS990/OtherRevenueTotalAmt0117937
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt04473007
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04371920
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022532
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023220
IRS990/PrincipalOfficerNm0CHANEL RECASNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc1LUNCH PROGRAM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308385
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130871
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130871
IRS990/ProgSrvcAccomActy2Grp/Desc0NATIONAL FOOD PROGRAM FUNDS ARE PROVIDED TO SUPPORT OUR MEAL PROGRAMS FOR FREE AND REDUCED STUDENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0425549
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt030871
IRS990/ProgSrvcAccomActy3Grp/Desc0AFTERCARE PROGRAM PROVIDES BEFORE AND AFTERCARE FOR STUDENTS AFTER SCHOOL HOURS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0101987
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0308385
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TITLE I FUNDS ARE USED TO SUPPORT THE EDUCATION OF OUR STUDENTS IN CORE SUBJECTS LIKE READING, MATH, AND SCIENCE WITH A FOCUS ON STRUGGLING LEARNERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011584392
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03593190
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0326930
IRS990/PYRevenuesLessExpensesAmt0-276653
IRS990/PYSalariesCompEmpBnftPaidAmt08594785
IRS990/PYTotalExpensesAmt012187975
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011911322
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-2099939
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0117937
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012999649
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0298000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0298000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04452727
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1108177
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2182
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASE ASSET, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04073920
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04344897
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08418817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011544885
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt147734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2115855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010899710
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ONLY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IF THE TAX POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON AN EXAMINATION, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE THE SCHOOL OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WOULD BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE THAT ANY ADJUSTMENTS WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE SCHOOL'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE SCHOOL HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04371920
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04561086
IRS990ScheduleD/TotalExpensesPerForm990Amt012999649
IRS990ScheduleD/TotalLiabilityAmt011708474
IRS990ScheduleD/TotalRevenuePerForm990Amt010899710
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010899710
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012999649
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/ExplanationTxt0FULTON COUNTY GRANTS ARE PAID TO THE SCHOOL IN MONTHLY INSTALLMENTS. ADDITIONAL FEDERAL FUNDING INCLUDES TITLE I FUNDS AND NATIONAL FOOD PROGRAM FUNDS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE DO HAVE A CONFLICT POLICY AS IT RELATES TO HOLDING A 2ND JOB. EMPLOYEES OF TMSA ARE NOT ALLOWED TO HAVE A 2ND JOB OUTSIDE OF THE SCHOOL INCLUDING SELF EMPLOYMENT. THE SCHOOL EXPECTS HIGH STANDARDS OF QUALITY SERVICE AND DOESN'T FEEL THAT CAN HAPPEN WORKING OUTSIDE OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY AND WAGES ARE REVIEWED ANNUALLY AND ADJUSTMENTS, IF ANY, ARE MADE ON A MERIT BASIS, WHERE APPROPRIATE, BASED ON PERFORMANCE WAS WELL AS MARKET AND BUSINESS CONSIDERATIONS. SALARY ADJUSTMENTS ARE NOT AUTOMATIC. SUCH ADJUSTMENTS ARE ULTIMATELY MADE AT THE DECRETION OF THE SCHOOL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 1023, FORM 990, AND RELATED DOCUEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAS BEEN NO CHANGE IN HOW THE BOARD ASSUMES OVERSIGHT FOR THE AUDIT OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013734488
IRS990/TotalAssetsEOYAmt010854575
IRS990/TotalAssetsGrp/BOYAmt013734488
IRS990/TotalAssetsGrp/EOYAmt010854575
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010442517
IRS990/TotalEmployeeCnt0135
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03968144
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09031505
IRS990/TotalFunctionalExpensesGrp/TotalAmt012999649
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012863530
IRS990/TotalLiabilitiesEOYAmt012083556
IRS990/TotalLiabilitiesGrp/BOYAmt012863530
IRS990/TotalLiabilitiesGrp/EOYAmt012083556
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0870958
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1228981
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt09031505
IRS990/TotalProgramServiceRevenueAmt0339256
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0457193
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010899710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013734488
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010854575
IRS990/TotReportableCompRltdOrgAmt00

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