Civic Intelligence

Memphis Rise Academy Inc.

990 • Fiscal year 2018 • EIN 46-1614425

Jul 01, 2017 to Jun 30, 2018 • Filed on Apr 29, 2019

Organization ProfileMEMPHISRISE.ORG
5130 Raleigh Lagrange RdMemphis, TN 38134

(901) 379-5750

Siviq Scores

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

Liabilities / Assets

86th percentile

0.79x

Higher debt load relative to assets than 86% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.16x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

16th percentile

-13%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$91,069

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

39th percentile

-0.8%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

58th percentile

6.7%

Faster revenue growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$7,345,248

Down $59,663 (-0.8%) from 2017

Net Assets

Down

$1,545,348

Down $723,856 (-32%) from 2017

Liabilities

Up

$5,799,900

Up $664,193 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin16th percentile

Revenue

Up

$5,002,593

Up $315,242 (+6.7%) from 2017

Expenses

Up

$5,647,625

Up $2,535,971 (+81%) from 2017

Net Income

Down

-$645,032

Down $2,220,729 (-141%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$20M$15M$10M$5.0M$0Assets 2013: $1Liabilities 2013: $02013Assets 2015: $547,103Liabilities 2015: $52,700Net Assets 2015: $494,4032015Assets 2016: $1,213,810Liabilities 2016: $475,603Net Assets 2016: $738,2072016Assets 2017: $7,404,911Liabilities 2017: $5,135,707Net Assets 2017: $2,269,2042017Assets 2018: $7,345,248Liabilities 2018: $5,799,900Net Assets 2018: $1,545,3482018Assets 2019: $7,808,872Liabilities 2019: $5,442,913Net Assets 2019: $2,365,9592019Assets 2020: $15,642,618Liabilities 2020: $12,377,836Net Assets 2020: $3,264,7822020Assets 2021: $16,603,150Liabilities 2021: $12,275,253Net Assets 2021: $4,327,8972021Assets 2022: $18,757,324Liabilities 2022: $13,535,905Net Assets 2022: $5,221,4192022Assets 2023: $16,835,373Liabilities 2023: $12,139,824Net Assets 2023: $4,695,5492023Assets 2025: $15,977,073Liabilities 2025: $12,010,952Net Assets 2025: $3,966,1212025

Highlighted filing

2018

Assets$7,345,248
Liabilities$5,799,900
Net Assets$1,545,348
Open 2018 Filing

Operations Trend

Revenue Growth58th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2015: $1,706,363Expenses 2015: $1,229,328Net Income 2015: $477,0352015Revenue 2016: $2,224,174Expenses 2016: $1,980,370Net Income 2016: $243,8042016Revenue 2017: $4,687,351Expenses 2017: $3,111,654Net Income 2017: $1,575,6972017Revenue 2018: $5,002,593Expenses 2018: $5,647,625Net Income 2018: -$645,0322018Revenue 2019: $7,157,103Expenses 2019: $6,336,492Net Income 2019: $820,6112019Revenue 2020: $7,709,508Expenses 2020: $6,979,412Net Income 2020: $730,0962020Revenue 2021: $9,374,095Expenses 2021: $8,310,980Net Income 2021: $1,063,1152021Revenue 2022: $10,468,134Expenses 2022: $9,572,999Net Income 2022: $895,1352022Revenue 2023: $11,167,664Expenses 2023: $11,693,534Net Income 2023: -$525,8702023Revenue 2025: $11,163,455Expenses 2025: $11,404,684Net Income 2025: -$241,2292025

Highlighted filing

2018

Revenue$5,002,593
Expenses$5,647,625
Net Income-$645,032
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Apr 29, 2019
Return Version
2017v2.3
Gross Receipts
$5,002,593
Mission and Program Overview

Mission

To provide students in grades 6-12 with an excellent education, preparing them to pursue ambitious goals and succeed in college.

Provides students in grades 6-12 with an excellent education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,917,942$6,516,443▲ $598,501
Cash and Non-Interest-Bearing Accounts$957,724$346,506▼ $611,218
Accounts Receivable$301,313$244,856▼ $56,457
Prepaid Expenses and Deferred Charges$8,020$55,586▲ $47,566
Total Assets$7,404,911$7,345,248▼ $59,663
Other Assets Total$219,912$181,857▼ $38,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,977,005$5,533,296▲ $556,291
Accounts Payable and Accrued Expenses$124,450$228,607▲ $104,157
Other Liabilities$34,252$37,997▲ $3,745
Total Liabilities$5,135,707$5,799,900▲ $664,193
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,917,942$6,516,443▲ $598,501
Unrestricted Net Assets$-3,648,738$-4,971,095▼ $1,322,357
Total Net Assets Fund Balance$2,269,204$1,545,348▼ $723,856
Total Liabilities and Net Assets / Fund Balance$7,404,911$7,345,248▼ $59,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,335,405$582,568$6,917,973
Other Land Buildings$142,973$48,699$191,672
Equipment$38,065$80,794$118,859
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John VuylstekeHead of SchoolFT$91,069$91,069

Board Members and Trustees

NameTitle
James Christopher HamiltonChairman
Mark ParkerVice Chairman
Victor EvansMember
Laquindra KillingsworthSecretary
Madeleine DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,002,593
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$476,408
Change in Net Assets
$-645,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,002,593
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,002,593
Total Revenue per Form 990
$5,002,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,831,803
Other Expenses$2,815,822
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,794,390$942,413-$2,736,803
Depreciation Depletion-$603,317-$603,317
All Other Expenses$85,216$70,306-$155,522
Other Expenses$154,817$213,060-$154,817
Current Officers, Directors, Trustees, and Key Employees$95,000--$95,000
Total Functional Expenses$2,231,273$3,416,352$0$5,647,625

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,647,625
Total Expenses per Audited Statements$5,647,625
Total Expenses per Form 990$5,647,625
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
Pension Related Costs$37,997
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 11B

“The board of directors reviews and approves the form 990 prior to filing.”

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

“Any interested person is required to report a financial interest and disclose material facts to the board of directors in any proposed transaction. The interested person is not involved in any discussion or vote.”

Form 990, Part VI, Section B, Line 15

“Compensation for the executive director is reviewed at least annually, and is determined by the board of directors after discussion and vote. The board of directors reviews and approves the annual budget, which includes a staffing plan including compansation for all employees.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Memphis Rise Academy
EIN
46-1614425
Phone
9013795750
Address
5130 RALEIGH LAGRANGE RD, MEMPHIS, TN 38134

Signing Officer

Name
Gus Connelly
Title
Director of Ops
Phone
9013795750
Signed
2019-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Hamilton
Formed
2012
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
57
Volunteers
25

Preparer

Firm
Squar Milner Llp
Address
3655 NOBEL DRIVE SUITE 450, SAN DIEGO, CA 92122
Preparer
Kathleen Schmidt
Phone
8585974100
Raw XML Appendix366 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY INTERESTED PERSON IS REQUIRED TO REPORT A FINANCIAL INTEREST AND DISCLOSE MATERIAL FACTS TO THE BOARD OF DIRECTORS IN ANY PROPOSED TRANSACTION. THE INTERESTED PERSON IS NOT INVOLVED IN ANY DISCUSSION OR VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AT LEAST ANNUALLY, AND IS DETERMINED BY THE BOARD OF DIRECTORS AFTER DISCUSSION AND VOTE. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE ANNUAL BUDGET, WHICH INCLUDES A STAFFING PLAN INCLUDING COMPANSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
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 19
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ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,345,248
Liabilities
$5,799,900
Net assets
$1,545,348
Revenue
$5,002,593
Expenses
$5,647,625
Net income
-$645,032
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$12.0$3.97$11.2$11.4$0.24
2023Summary only. Only limited summary data is available for this year.$16.8$12.1$4.70$11.2$11.7$0.53
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$13.5$5.22$10.5$9.57$0.90
2021Summary only. Only limited summary data is available for this year.$16.6$12.3$4.33$9.37$8.31$1.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$12.4$3.26$7.71$6.98$0.73
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.81$5.44$2.37$7.16$6.34$0.82
2018Detailed filing. Detailed filing data is available for this year.$7.35$5.80$1.55$5.00$5.65$0.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$5.14$2.27$4.69$3.11$1.58
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.48$0.74$2.22$1.98$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.05$0.49$1.71$1.23$0.48
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00