Civic Intelligence

Memphis Rise Academy Inc.

990 • Fiscal year 2025 • EIN 46-1614425

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 17, 2026

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

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

84th percentile

1.08x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

25th percentile

-2.2%

Higher net margin than 25% of similar nonprofits.

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

Top Officer Pay

33rd percentile

$139,033

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

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

Asset Growth

20th percentile

-3.0%

Faster asset growth than 20% of similar nonprofits.

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

Revenue Growth

20th percentile

-7.9%

Faster revenue growth than 20% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$15,977,073

Down $858,300 (-5.1%) from 2023

Net Assets

Down

$3,966,121

Down $729,428 (-16%) from 2023

Liabilities

Down

$12,010,952

Down $128,872 (-1.1%) from 2023

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin25th percentile

Revenue

Down

$11,163,455

Down $4,209 (-0.0%) from 2023

Expenses

Down

$11,404,684

Down $288,850 (-2.5%) from 2023

Net Income

Up

-$241,229

Up $284,641 (+54%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2025

Assets$15,977,073
Liabilities$12,010,952
Net Assets$3,966,121
Open 2025 Filing

Operations Trend

Revenue Growth20th 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

2025

Revenue$11,163,455
Expenses$11,404,684
Net Income-$241,229
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 17, 2026
Return Version
2024v5.5
Gross Receipts
$11,163,455
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$11,722,507$11,376,413▼ $346,094
Cash and Non-Interest-Bearing Accounts$1,048,881$1,461,780▲ $412,899
Pledges and Grants Receivable$1,240,121$425,182▼ $814,939
Savings and Temporary Cash Investments$342,529$417,355▲ $74,826
Prepaid Expenses and Deferred Charges$66,150$50,799▼ $15,351
Total Assets$16,463,517$15,977,073▼ $486,444
Other Assets Total$2,043,329$2,245,544▲ $202,215
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,976,180$10,746,808▼ $229,372
Other Liabilities$605,738$658,491▲ $52,753
Accounts Payable and Accrued Expenses$674,249$605,653▼ $68,596
Total Liabilities$12,256,167$12,010,952▼ $245,215
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,863,422$2,050,508▼ $812,914
Net Assets With Donor Restrictions$1,343,928$1,915,613▲ $571,685
Total Net Assets Fund Balance$4,207,350$3,966,121▼ $241,229
Total Liabilities and Net Assets / Fund Balance$16,463,517$15,977,073▼ $486,444

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,314,055$2,736,598$14,050,653
Equipment$62,358$1,016,589$1,078,947
Other Assets Org$40,803--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gus ConnellyExecutive DirectorFT$130,782$8,251$139,033

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Sla ManagementNutrition Program3217 CORRINE DR, Orlando, FL 32803$549,397
Dunham School ServicesTransportation2601 NAVISTAR DRIVE, Lisle, IL 60532$386,726
Revenue and Support

Revenue Composition

Contributions and Grants
$1,926,977
Program Service Revenue
$9,227,356
Investment Income
$0
Other Revenue
$9,122
All Other Contributions
$641,800
Change in Net Assets
$-241,229

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,163,455
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,163,455
Total Revenue per Form 990
$11,163,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,822,004
Other Expenses$3,582,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,798,310$1,521,908-$6,320,218
Other Employee Benefits$664,621$210,802-$875,423
Occupancy$474,107$83,666-$557,773
Payroll Taxes$376,245$119,336-$495,581
Office Expenses$95,290$357,392-$452,682
Depreciation Depletion$340,672$60,119-$400,791
Interest$395,409$753-$396,162
Current Officers, Directors, Trustees, and Key Employees-$130,782-$130,782
Fees for Services Accounting$36,208$82,664-$118,872
Other Expenses$73,365$56,060-$73,365
Fees for Services Other$20,560$46,941-$67,501
Fees for Services Legal$4,934$11,264-$16,198
All Other Expenses-$4,136-$4,136
Total Functional Expenses$8,718,861$2,685,823$0$11,404,684

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,404,684
Total Expenses per Audited Statements$11,404,684
Total Expenses per Form 990$11,404,684
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$614,978
Right of Use Lease Liability$43,513
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
2026-02-17
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
107 KENNER AVENUE, NASHVILLE, TN 37205
Preparer
Rodney C Brower
Phone
6153205500
Supplemental Narrative

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.”

Raw XML AppendixShowing 400 of 434 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0674249
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0605653
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE STUDENTS IN GRADES 6-12 WITH AN EXCELLENT EDUCATION, PREPARING THEM TO PURSUE AMBITIOUS GOALS AND SUCCEED IN COLLEGE.
IRS990/AllOtherContributionsAmt0641800
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04136
IRS990/AllOtherExpensesGrp/TotalAmt04136
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LUCCHESI CPA
IRS990/BooksInCareOfDetail/PhoneNum09013369570
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05350 POPLAR AVE SUITE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038119
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01048881
IRS990/CashNonInterestBearingGrp/EOYAmt01461780
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0130782
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0130782
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0549397
IRS990/ContractorCompensationGrp/CompensationAmt1386726
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt03217 CORRINE DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt12601 NAVISTAR DRIVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ORLANDO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1LISLE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0FL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd032803
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160532
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SLA MANAGEMENT
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1DUNHAM SCHOOL SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc0NUTRITION PROGRAM
IRS990/ContractorCompensationGrp/ServicesDesc1TRANSPORTATION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01926977
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03582680
IRS990/CYOtherRevenueAmt09122
IRS990/CYProgramServiceRevenueAmt09227356
IRS990/CYRevenuesLessExpensesAmt0-241229
IRS990/CYSalariesCompEmpBnftPaidAmt07822004
IRS990/CYTotalExpensesAmt011404684
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011163455
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt060119
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0340672
IRS990/DepreciationDepletionGrp/TotalAmt0400791
IRS990/Desc0MEMPHIS RISE ACADEMY IS APPROVED AS A PUBLIC CHARTER SCHOOL OFFERING AN ALTERNATIVE MEANS WITHIN THE PUBLIC SCHOOL SYSTEM FOR ACCOMPLISHING NECESSARY OUTCOMES OF EDUCATION. DURING THE CURRENT YEAR THE SCHOOL HAD AN AVERAGE OF 749 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01343928
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01915613
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0117
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt08718861
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt082664
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt036208
IRS990/FeesForServicesAccountingGrp/TotalAmt0118872
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011264
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04934
IRS990/FeesForServicesLegalGrp/TotalAmt016198
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt046941
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt020560
IRS990/FeesForServicesOtherGrp/TotalAmt067501
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt68251
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm1JOSH GETTYS
IRS990/Form990PartVIISectionAGrp/PersonNm2OSCAR ROMERO
IRS990/Form990PartVIISectionAGrp/PersonNm3NAOMI NUNEZ
IRS990/Form990PartVIISectionAGrp/PersonNm4VICTOR EVANS
IRS990/Form990PartVIISectionAGrp/PersonNm5SYDEREK WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm6GUS CONNELLY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6130782
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt01285177
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011163455
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0753
IRS990/InterestGrp/ProgramServicesAmt0395409
IRS990/InterestGrp/TotalAmt0396162
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03753187
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011722507
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011376413
IRS990/LandBldgEquipCostOrOtherBssAmt015129600
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE STUDENTS IN GRADES 6-12 WITH AN EXCELLENT EDUCATION, PREPARING THEM TO PURSUE AMBITIOUS GOALS AND SUCCEED IN COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010976180
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010746808
IRS990/NetAssetsOrFundBalancesBOYAmt04207350
IRS990/NetAssetsOrFundBalancesEOYAmt03966121
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02863422
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02050508
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt083666
IRS990/OccupancyGrp/ProgramServicesAmt0474107
IRS990/OccupancyGrp/TotalAmt0557773
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0357392
IRS990/OfficeExpensesGrp/ProgramServicesAmt095290
IRS990/OfficeExpensesGrp/TotalAmt0452682
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02043329
IRS990/OtherAssetsTotalGrp/EOYAmt02245544
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0210802
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0664621
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0875423
IRS990/OtherExpensesGrp/Desc0STUDENT SERVICES
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION SERVICES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt056060
IRS990/OtherExpensesGrp/ProgramServicesAmt0832759
IRS990/OtherExpensesGrp/ProgramServicesAmt1287234
IRS990/OtherExpensesGrp/ProgramServicesAmt2319147
IRS990/OtherExpensesGrp/ProgramServicesAmt373365
IRS990/OtherExpensesGrp/TotalAmt0832759
IRS990/OtherExpensesGrp/TotalAmt1343294
IRS990/OtherExpensesGrp/TotalAmt2319147
IRS990/OtherExpensesGrp/TotalAmt373365
IRS990/OtherLiabilitiesGrp/BOYAmt0605738
IRS990/OtherLiabilitiesGrp/EOYAmt0658491
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611600
IRS990/OtherRevenueMiscGrp/Desc0CHARGES FOR SERVICES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010163
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-1041
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010163
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-1041
IRS990/OtherRevenueTotalAmt09122
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01521908
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04798310
IRS990/OtherSalariesAndWagesGrp/TotalAmt06320218
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0119336
IRS990/PayrollTaxesGrp/ProgramServicesAmt0376245
IRS990/PayrollTaxesGrp/TotalAmt0495581
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01240121
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0425182
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt066150
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt050799
IRS990/PrincipalOfficerNm0GUS CONNELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0SCS PER-PUPIL ALLOCATIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09227356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09227356
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03048534
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03943338
IRS990/PYOtherRevenueAmt0110930
IRS990/PYProgramServiceRevenueAmt08959848
IRS990/PYRevenuesLessExpensesAmt0-488198
IRS990/PYSalariesCompEmpBnftPaidAmt08664172
IRS990/PYTotalExpensesAmt012607510
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012119312
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-241229
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt09236478
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0342529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0417355
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/BookValueAmt011314055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02736598
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014050653
IRS990ScheduleD/EquipmentGrp/BookValueAmt062358
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01016589
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01078947
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011404684
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0712573
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11492168
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt240803
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS - GASB 68
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIT-OF-USE ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0614978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt143513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS - GASB 68
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RIGHT OF USE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011163455
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/TotalBookValueLandBuildingsAmt011376413
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02245544
IRS990ScheduleD/TotalExpensesPerForm990Amt011404684
IRS990ScheduleD/TotalLiabilityAmt0658491
IRS990ScheduleD/TotalRevenuePerForm990Amt011163455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011163455
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011404684
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/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
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016463517
IRS990/TotalAssetsEOYAmt015977073
IRS990/TotalAssetsGrp/BOYAmt016463517
IRS990/TotalAssetsGrp/EOYAmt015977073
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01926977
IRS990/TotalEmployeeCnt0117
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02685823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08718861
IRS990/TotalFunctionalExpensesGrp/TotalAmt011404684
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012256167
IRS990/TotalLiabilitiesEOYAmt012010952
IRS990/TotalLiabilitiesGrp/BOYAmt012256167
IRS990/TotalLiabilitiesGrp/EOYAmt012010952
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04207350
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03966121
IRS990/TotalOtherCompensationAmt08251
IRS990/TotalProgramServiceExpensesAmt08718861
IRS990/TotalProgramServiceRevenueAmt09227356
IRS990/TotalReportableCompFromOrgAmt0130782
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09236478
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011163455
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016463517
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015977073
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05221 RALEIGH LAGRANGE ROAD
IRS990/USAddress/CityNm0MEMPHIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,977,073
Liabilities
$12,010,952
Net assets
$3,966,121
Revenue
$11,163,455
Expenses
$11,404,684
Net income
-$241,229
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$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
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