Civic Intelligence

Memphis Rise Academy Inc.

990 • Fiscal year 2024 • EIN 46-1614425

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 02, 2025

Organization ProfileN/A
5221 Raleigh Lagrange RoadMemphis, 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

0.74x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

1.01x

Higher debt load relative to revenue than 81% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

26th percentile

-4.0%

Higher net margin than 26% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

32nd percentile

$135,668

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

24th percentile

-2.2%

Faster asset growth than 24% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

8.5%

Faster revenue growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$16,463,517

Down $371,856 (-2.2%) from 2023

Net Assets

Down

$4,207,350

Down $488,199 (-10%) from 2023

Liabilities

Up

$12,256,167

Up $116,343 (+1.0%) from 2023

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin26th percentile

Revenue

Up

$12,119,312

Up $951,648 (+8.5%) from 2023

Expenses

Up

$12,607,510

Up $913,976 (+7.8%) from 2023

Net Income

Up

-$488,198

Up $37,672 (+7.2%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth24th 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 2024: $16,463,517Liabilities 2024: $12,256,167Net Assets 2024: $4,207,3502024Assets 2025: $15,977,073Liabilities 2025: $12,010,952Net Assets 2025: $3,966,1212025

Highlighted filing

2024

Assets$16,463,517
Liabilities$12,256,167
Net Assets$4,207,350
Open 2024 Filing

Operations Trend

Revenue Growth52nd 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 2024: $12,119,312Expenses 2024: $12,607,510Net Income 2024: -$488,1982024Revenue 2025: $11,163,455Expenses 2025: $11,404,684Net Income 2025: -$241,2292025

Highlighted filing

2024

Revenue$12,119,312
Expenses$12,607,510
Net Income-$488,198
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 2, 2025
Return Version
2023v6.0
Gross Receipts
$12,119,312
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,143,145$11,722,507▼ $420,638
Pledges and Grants Receivable$678,221$1,240,121▲ $561,900
Cash and Non-Interest-Bearing Accounts$1,853,611$1,048,881▼ $804,730
Savings and Temporary Cash Investments$268,287$342,529▲ $74,242
Prepaid Expenses and Deferred Charges$42,978$66,150▲ $23,172
Total Assets$16,835,373$16,463,517▼ $371,856
Other Assets Total$1,849,131$2,043,329▲ $194,198
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,271,073$10,976,180▼ $294,893
Accounts Payable and Accrued Expenses$338,544$674,249▲ $335,705
Other Liabilities$530,207$605,738▲ $75,531
Total Liabilities$12,139,824$12,256,167▲ $116,343
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,624,434$2,863,422▼ $761,012
Net Assets With Donor Restrictions$1,071,115$1,343,928▲ $272,813
Total Net Assets Fund Balance$4,695,549$4,207,350▼ $488,199
Total Liabilities and Net Assets / Fund Balance$16,835,373$16,463,517▼ $371,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,657,501$2,393,152$14,050,653
Equipment$65,006$975,039$1,040,045
Other Assets Org$56,598--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gus ConnellyExecutive DirectorFT$128,581$7,087$135,668
Rebecca Elizabeth VuylstekeHceFT$112,019-$112,019

Board Members and Trustees

NameTitle
Josh GettysBoard Chair
Naomi NunezDirector
Oscar RomeroDirector
Syderek WatsonDirector
Victor EvansDirector
Charles FosterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Dunham School ServiceTransportation2601 NAVISTAR DRIVE, Lisle, IL 60532$446,418
Revenue and Support

Revenue Composition

Contributions and Grants
$3,048,534
Program Service Revenue
$8,959,848
Investment Income
$0
Other Revenue
$110,930
All Other Contributions
$318,748
Change in Net Assets
$-488,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,119,311
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,119,311
Total Revenue per Form 990
$12,119,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,664,172
Other Expenses$3,943,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,371,798$1,575,224-$6,947,022
Other Employee Benefits$599,800$190,242-$790,042
Office Expenses$131,484$493,145-$624,629
Payroll Taxes$389,927$123,676-$513,603
Depreciation Depletion$389,256$68,692-$457,948
Occupancy$369,253$65,162-$434,415
Interest$409,103$779-$409,882
Pension Plan Contributions$216,314$68,610-$284,924
Other Expenses$187,191$50,042-$187,191
Current Officers, Directors, Trustees, and Key Employees-$128,581-$128,581
Fees for Services Other$37,432$88,497-$125,929
Fees for Services Accounting$34,706$79,234-$113,940
Fees for Services Legal$2,535$5,786-$8,321
All Other Expenses-$-625-$-625
Total Functional Expenses$9,670,465$2,937,045$0$12,607,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,607,510
Total Expenses per Audited Statements$12,607,510
Total Expenses per Form 990$12,607,510
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 - Gasb 68$546,830
Right of Use Lease Liability$58,908
Governance and Compliance

Governance Checklist

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

“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 compensation 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 Inc
EIN
46-1614425
Phone
9013795750
Address
5221 RALEIGH LAGRANGE ROAD, MEMPHIS, TN 38134

Signing Officer

Name
Gus Connelly
Title
Executive Director
Phone
9013795750
Signed
2025-04-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gus Connelly
Formed
2012
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
117
Volunteers
0

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 201, NASHVILLE, TN 37215
Preparer
Rodney C Brower
Phone
6153205500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -1.”

Financial Statement Notes

PART X, LINE 2:

“The school has been determined to be exempt from federal income taxes under section 501(c)(3) of the internal revenue code (irc) as evidenced by a letter of determination dated december 17, 2012. As an exempt corporation, the entity must operate in conformity with with the irc in order to maintain their tax-exempt status. The school accounts for the effect of any uncertain tax positions based on a more likely than not threshold to the recognition of the tax positions being sustained based on the technical merits of the position under examination by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecignized tax benefit is estimated based on a cumulative probability assessment that aggregated the extimated tax liability for all uncertain tax positions. Tax positions for the school include, but are not limited to, the tax-exempt status and determination of whether income is subject to unrelated business income tax; however, the school has determined that such tax positions do not result in an uncertainty requiring recognition.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt3187191
IRS990/OtherExpensesGrp/TotalAmt0834854
IRS990/OtherExpensesGrp/TotalAmt1440409
IRS990/OtherExpensesGrp/TotalAmt2306445
IRS990/OtherExpensesGrp/TotalAmt3187191
IRS990/OtherLiabilitiesGrp/BOYAmt0530207
IRS990/OtherLiabilitiesGrp/EOYAmt0605738
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1CHARGES FOR SERVICES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt056465
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt154465
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt056465
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt154465
IRS990/OtherRevenueTotalAmt0110930
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01575224
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05371798
IRS990/OtherSalariesAndWagesGrp/TotalAmt06947022
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0123676
IRS990/PayrollTaxesGrp/ProgramServicesAmt0389927
IRS990/PayrollTaxesGrp/TotalAmt0513603
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt068610
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0216314
IRS990/PensionPlanContributionsGrp/TotalAmt0284924
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0678221
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01240121
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042978
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066150
IRS990/PrincipalOfficerNm0GUS CONNELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0SCS PER-PUPIL ALLOCATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt08959848
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08959848
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03331343
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04054691
IRS990/PYOtherRevenueAmt052154
IRS990/PYProgramServiceRevenueAmt07784167
IRS990/PYRevenuesLessExpensesAmt0-525870
IRS990/PYSalariesCompEmpBnftPaidAmt07638843
IRS990/PYTotalExpensesAmt011693534
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011167664
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-488198
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09067738
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0268287
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342529
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/BookValueAmt011657501
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02393152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014050653
IRS990ScheduleD/EquipmentGrp/BookValueAmt065006
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0975039
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01040045
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012607510
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0983331
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11001400
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt356598
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - GASB 68
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CUSTOMER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RIT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0546830
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt158908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012119311
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS EVIDENCED BY A LETTER OF DETERMINATION DATED DECEMBER 17, 2012. AS AN EXEMPT CORPORATION, THE ENTITY MUST OPERATE IN CONFORMITY WITH WITH THE IRC IN ORDER TO MAINTAIN THEIR TAX-EXEMPT STATUS. THE SCHOOL ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECIGNIZED TAX BENEFIT IS ESTIMATED BASED ON A CUMULATIVE PROBABILITY ASSESSMENT THAT AGGREGATED THE EXTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. TAX POSITIONS FOR THE SCHOOL INCLUDE, BUT ARE NOT LIMITED TO, THE TAX-EXEMPT STATUS AND DETERMINATION OF WHETHER INCOME IS SUBJECT TO UNRELATED BUSINESS INCOME TAX; HOWEVER, THE SCHOOL HAS DETERMINED THAT SUCH TAX POSITIONS DO NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011722507
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02043329
IRS990ScheduleD/TotalExpensesPerForm990Amt012607510
IRS990ScheduleD/TotalLiabilityAmt0605738
IRS990ScheduleD/TotalRevenuePerForm990Amt012119311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012119311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012607510
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/ExplanationTxt0NONDISCRIMINATORY POLICY INCLUDED IN ALL ADVERTISEMENTS ENROLLMENT MATERIALS, AND OUR CHARTER AS A PUBLIC SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1ENTITY IS A CHARTER SCHOOL WHICH IS CONSIDERED PUBLIC RATHER THAN PRIVATE. ENTITY RECEIVED FEDERAL AWARDS FROM THE US DEPT OF EDUCATION AND US DEPT OF AGRICULTURE; STATE ASSISTANCE FROM THE TENNESSEE DEPT OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING -1.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016835373
IRS990/TotalAssetsEOYAmt016463517
IRS990/TotalAssetsGrp/BOYAmt016835373
IRS990/TotalAssetsGrp/EOYAmt016463517
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03048534
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02937045
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt09670465
IRS990/TotalFunctionalExpensesGrp/TotalAmt012607510
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012139824
IRS990/TotalLiabilitiesEOYAmt012256167
IRS990/TotalLiabilitiesGrp/BOYAmt012139824
IRS990/TotalLiabilitiesGrp/EOYAmt012256167
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04695549
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04207350
IRS990/TotalOtherCompensationAmt07087
IRS990/TotalProgramServiceExpensesAmt09670465
IRS990/TotalProgramServiceRevenueAmt08959848
IRS990/TotalReportableCompFromOrgAmt0240600
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09070778
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012119312
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,463,517
Liabilities
$12,256,167
Net assets
$4,207,350
Revenue
$12,119,312
Expenses
$12,607,510
Net income
-$488,198
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
2024Detailed filing. Detailed filing data is available for this year.$16.5$12.3$4.21$12.1$12.6$0.49
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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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