Civic Intelligence

Aurora Collegiate Academy Charter School

990 • Fiscal year 2015 • EIN 27-4246992

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 22, 2016

Organization ProfileWWW.AURORACOLLEGIATE.ORG
3804 Given AvenueMemphis, TN 38122

(901) 249-4615

Siviq Scores

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

Liabilities / Assets

69th percentile

0.31x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.14x

Higher debt load relative to revenue than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

50th percentile

$63,208

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

94th percentile

76%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

85th percentile

38%

Faster revenue growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$640,166

Up $276,511 (+76%) from 2014

Net Assets

Up

$440,949

Up $134,963 (+44%) from 2014

Liabilities

Up

$199,217

Up $141,548 (+245%) from 2014

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin75th percentile

Revenue

Up

$1,427,052

Up $394,144 (+38%) from 2014

Expenses

Up

$1,202,409

Up $336,818 (+39%) from 2014

Net Income

Up

$224,643

Up $57,326 (+34%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$20M$15M$10M$5.0M$0Assets 2012: $262,934Liabilities 2012: $0Net Assets 2012: $262,9342012Assets 2013: $299,072Liabilities 2013: $155,653Net Assets 2013: $143,4192013Assets 2014: $363,655Liabilities 2014: $57,669Net Assets 2014: $305,9862014Assets 2015: $640,166Liabilities 2015: $199,217Net Assets 2015: $440,9492015Assets 2016: $1,471,423Liabilities 2016: $325,457Net Assets 2016: $1,145,9662016Assets 2018: $2,703,398Liabilities 2018: $183,369Net Assets 2018: $2,520,0292018Assets 2019: $6,357,888Liabilities 2019: $874,661Net Assets 2019: $5,483,2272019Assets 2020: $10,684,125Liabilities 2020: $4,644,703Net Assets 2020: $6,039,4222020Assets 2021: $12,088,368Liabilities 2021: $4,518,647Net Assets 2021: $7,569,7212021Assets 2025: $18,494,238Liabilities 2025: $3,594,097Net Assets 2025: $14,900,1412025

Highlighted filing

2015

Assets$640,166
Liabilities$199,217
Net Assets$440,949
Open 2015 Filing

Operations Trend

Revenue Growth85th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2012: $54,6172012Expenses 2013: $732,3162013Revenue 2014: $1,032,908Expenses 2014: $865,591Net Income 2014: $167,3172014Revenue 2015: $1,427,052Expenses 2015: $1,202,409Net Income 2015: $224,6432015Revenue 2016: $1,742,643Expenses 2016: $1,374,423Net Income 2016: $368,2202016Revenue 2018: $3,455,833Expenses 2018: $2,475,793Net Income 2018: $980,0402018Revenue 2019: $5,566,071Expenses 2019: $2,602,873Net Income 2019: $2,963,1982019Revenue 2020: $3,664,585Expenses 2020: $3,108,390Net Income 2020: $556,1952020Revenue 2021: $4,781,887Expenses 2021: $3,251,588Net Income 2021: $1,530,2992021Revenue 2025: $6,157,108Expenses 2025: $4,497,316Net Income 2025: $1,659,7922025

Highlighted filing

2015

Revenue$1,427,052
Expenses$1,202,409
Net Income$224,643
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 22, 2016
Return Version
2014v6.0
Gross Receipts
$1,427,052
Mission and Program Overview

Mission

Building a foundation of knowledge, skills, and character, aurora collegiate academy, inc. Educates students in kindergarten through fifth grade for success in college preparatory middle and high schools and sets them on the road to college beginning in kindergarten.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237,265$284,167▲ $46,902
Land, Buildings, and Equipment, Net$94,997$173,268▲ $78,271
Pledges and Grants Receivable$30,914$63,750▲ $32,836
Prepaid Expenses and Deferred Charges$479$8,681▲ $8,202
Total Assets$363,655$640,166▲ $276,511
Other Assets Total$0$110,300▲ $110,300
Liabilities
Other Liabilities$0$154,645▲ $154,645
Accounts Payable and Accrued Expenses$57,669$44,572▼ $13,097
Total Liabilities$57,669$199,217▲ $141,548
Net Assets / Fund Balance
Unrestricted Net Assets$305,986$440,949▲ $134,963
Total Net Assets Fund Balance$305,986$440,949▲ $134,963
Total Liabilities and Net Assets / Fund Balance$363,655$640,166▲ $276,511

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,268$86,634$259,902
Other Assets Org$61,968--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rita ChanDirector of Operations, Interim Head of SchoolFT$57,846$5,362$63,208
Ciji PitmanPrevious Head of SchoolFT$50,270$4,504$54,774

Board Members and Trustees

NameTitle
Gray FiserChairman
Graham AskewBoard Member
Kelly DavisBoard Member
Lance LutrellBoard Member
Marcus ClarkBoard Member
Toni BlackburnBoard Member
Warren GrimmBoard Member
Yvette WarrenBoard Member
Jennie DillCo-treasurer
Lauren CrosbyCo-treasurer
Grant MondaCurrent Head of School
Will WhitingSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$159,776
Program Service Revenue
$1,262,517
Investment Income
$516
Other Revenue
$4,243
All Other Contributions
$223
Change in Net Assets
$224,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,427,052
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,427,052
Total Revenue per Form 990
$1,427,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$688,878
Other Expenses$513,531
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$424,604$94,347-$518,951
Occupancy-$127,643-$127,643
Fees for Services Other$44,823$56,936-$101,759
Depreciation Depletion-$86,634-$86,634
Current Officers, Directors, Trustees, and Key Employees-$77,115-$77,115
Payroll Taxes$28,535$22,166-$50,701
Other Employee Benefits$16,375$12,720-$29,095
All Other Expenses$16,959$11,351-$28,310
Insurance-$20,987-$20,987
Other Expenses$23,736$19,325-$19,325
Pension Plan Contributions$8,103$4,913-$13,016
Office Expenses-$9,781-$9,781
Fees for Services Accounting-$9,750-$9,750
Fees for Services Legal-$2,955-$2,955
Travel-$1,662-$1,662
Total Functional Expenses$620,102$582,307$0$1,202,409

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,202,409
Total Expenses per Audited Statements$1,202,409
Total Expenses per Form 990$1,202,409
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 of Resources - Pensions$154,645
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 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 11

“An independent cpa firm is used to prepare the return. The board is provided the form 990 for review in advance of the meeting with the finance committee. Any questions from the board members are then discussed at the meeting prior to submission of the 990.”

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

“The organization consistently monitored the conflict of interest policy by developing a more comprehensive policy and by being in compliance with the tennessee code annotated and the fair political practices act.”

Form 990, Part VI, Section B, Line 15

“The salaries are determined based on comparisons to the shelby county school system and other memphis area charter schools with historical experience and guidance provided by edtec. Proposed salaries are then discussed and approved by the board of directors as part of the budget approval process or on an as needed basis if hiring during the year. There is also a cola raise included for returning employees.”

Form 990, Part VI, Section C, Line 19

“These items are available through the tennessee state education website.”

Filing and Contact Details

Filer

Filer Name
Aurora Collegiate Academy Inc
EIN
27-4246992
Phone
9012494615
Address
3804 GIVEN AVENUE, MEMPHIS, TN 38122

Signing Officer

Name
Grant Monda
Title
Head of School
Phone
9012494615
Signed
2016-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Grant Monda
Formed
2010
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
21
Volunteers
25

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school evaluates the income tax positions taken or expected to be taken to determine whether the positions are "more-likely-than-not" to be sustained upon examination by the applicable tax authority. The school has determined that the application of the income tax standard does not impact the operations of the school and that no provision for income tax is required in the school's financial statements. The school is generally no longer subject to examinations by tax authorities for years before june 30, 2012.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR OF OPERATIONS, INTERIM HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt13CURRENT HEAD OF SCHOOL
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0127643
IRS990/OccupancyGrp/TotalAmt0127643
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09781
IRS990/OfficeExpensesGrp/TotalAmt09781
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0110300
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012720
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016375
IRS990/OtherEmployeeBenefitsGrp/TotalAmt029095
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1TEACHING SUPPLIES
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc3CLEANING SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04022
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt120000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt219325
IRS990/OtherExpensesGrp/ProgramServicesAmt056967
IRS990/OtherExpensesGrp/ProgramServicesAmt123736
IRS990/OtherExpensesGrp/TotalAmt056967
IRS990/OtherExpensesGrp/TotalAmt127758
IRS990/OtherExpensesGrp/TotalAmt220000
IRS990/OtherExpensesGrp/TotalAmt319325
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0154645
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0PENSION INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04243
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04243
IRS990/OtherRevenueTotalAmt04243
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt094347
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0424604
IRS990/OtherSalariesAndWagesGrp/TotalAmt0518951
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt022166
IRS990/PayrollTaxesGrp/ProgramServicesAmt028535
IRS990/PayrollTaxesGrp/TotalAmt050701
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04913
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08103
IRS990/PensionPlanContributionsGrp/TotalAmt013016
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt030914
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt063750
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0479
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08681
IRS990/PrincipalOfficerNm0GRANT MONDA
IRS990/PriorPeriodAdjustmentsAmt0-89680
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01262517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01262517
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0188908
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0366
IRS990/PYOtherExpensesAmt0352068
IRS990/PYOtherRevenueAmt01
IRS990/PYProgramServiceRevenueAmt0843633
IRS990/PYRevenuesLessExpensesAmt0167317
IRS990/PYSalariesCompEmpBnftPaidAmt0513523
IRS990/PYTotalExpensesAmt0865591
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01032908
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0224643
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01266760
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/BookValueAmt0173268
IRS990ScheduleD/BuildingsGrp/DepreciationAmt086634
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0259902
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01202409
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt048332
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt161968
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0154645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01427052
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL EVALUATES THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAX STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0173268
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0110300
IRS990ScheduleD/TotalExpensesPerForm990Amt01202409
IRS990ScheduleD/TotalLiabilityAmt0154645
IRS990ScheduleD/TotalRevenuePerForm990Amt01427052
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01427052
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01202409
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS OPEN TO ALL STUDENTS IN MEMPHIS AND REQUIRES THE STUDENTS TO BE A RESIDENT OR THE CORRECT AGE TO ENROLL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS ARE NOT OFFERED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION RECEIVES GRANTS FROM THE US DEPARTMENT OF EDUCATION, TENNESSEE DEPARTMENT OF EDUCATION, AND SHELBY COUNTY SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN INDEPENDENT CPA FIRM IS USED TO PREPARE THE RETURN. THE BOARD IS PROVIDED THE FORM 990 FOR REVIEW IN ADVANCE OF THE MEETING WITH THE FINANCE COMMITTEE. ANY QUESTIONS FROM THE BOARD MEMBERS ARE THEN DISCUSSED AT THE MEETING PRIOR TO SUBMISSION OF THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION CONSISTENTLY MONITORED THE CONFLICT OF INTEREST POLICY BY DEVELOPING A MORE COMPREHENSIVE POLICY AND BY BEING IN COMPLIANCE WITH THE TENNESSEE CODE ANNOTATED AND THE FAIR POLITICAL PRACTICES ACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SALARIES ARE DETERMINED BASED ON COMPARISONS TO THE SHELBY COUNTY SCHOOL SYSTEM AND OTHER MEMPHIS AREA CHARTER SCHOOLS WITH HISTORICAL EXPERIENCE AND GUIDANCE PROVIDED BY EDTEC. PROPOSED SALARIES ARE THEN DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS AS PART OF THE BUDGET APPROVAL PROCESS OR ON AN AS NEEDED BASIS IF HIRING DURING THE YEAR. THERE IS ALSO A COLA RAISE INCLUDED FOR RETURNING EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE ITEMS ARE AVAILABLE THROUGH THE TENNESSEE STATE EDUCATION WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0363655
IRS990/TotalAssetsEOYAmt0640166
IRS990/TotalAssetsGrp/BOYAmt0363655
IRS990/TotalAssetsGrp/EOYAmt0640166
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0159776
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0582307
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0620102
IRS990/TotalFunctionalExpensesGrp/TotalAmt01202409

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$640,166
Liabilities
$199,217
Net assets
$440,949
Revenue
$1,427,052
Expenses
$1,202,409
Net income
$224,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$3.59$14.9$6.16$4.50$1.66
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$4.52$7.57$4.78$3.25$1.53
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$4.64$6.04$3.66$3.11$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.36$0.87$5.48$5.57$2.60$2.96
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.18$2.52$3.46$2.48$0.98
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.33$1.15$1.74$1.37$0.37
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.20$0.44$1.43$1.20$0.22
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.31$1.03$0.87$0.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.16$0.14$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$0.00$0.26$0.05