Civic Intelligence

Emerald Charter Schools

990 • Fiscal year 2025 • EIN 46-4687417

Jul 01, 2024 to Jun 30, 2025 • Filed on Dec 23, 2025

1014 Heiskell AvenueKnoxville, TN 37921

(865) 637-3227

Siviq Scores

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

Liabilities / Assets

85th percentile

0.58x

Higher debt load relative to assets than 85% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.61x

Higher debt load relative to revenue than 80% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

30th percentile

-1.4%

Higher net margin than 30% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$115,956

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

23rd percentile

-2.7%

Faster asset growth than 23% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

39th percentile

1.5%

Faster revenue growth than 39% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$7,605,708

Down $213,208 (-2.7%) from 2024

Net Assets

Down

$3,197,897

Down $99,680 (-3.0%) from 2024

Liabilities

Down

$4,407,811

Down $113,528 (-2.5%) from 2024

Revenue

Up

$7,220,463

Up $109,651 (+1.5%) from 2024

Expenses

Up

$7,320,143

Up $352,632 (+5.1%) from 2024

Net Income

Down

-$99,680

Down $242,981 (-170%) from 2024

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,575,743Liabilities 2015: $4,914,008Net Assets 2015: $1,661,7352015Assets 2016: $5,565,866Liabilities 2016: $4,618,661Net Assets 2016: $947,2052016Assets 2017: $5,638,841Liabilities 2017: $4,946,832Net Assets 2017: $692,0092017Assets 2018: $5,705,411Liabilities 2018: $5,086,308Net Assets 2018: $619,1032018Assets 2019: $5,646,921Liabilities 2019: $4,613,243Net Assets 2019: $1,033,6782019Assets 2020: $6,452,043Liabilities 2020: $5,500,384Net Assets 2020: $951,6592020Assets 2021: $7,107,361Liabilities 2021: $4,837,316Net Assets 2021: $2,270,0452021Assets 2022: $7,649,201Liabilities 2022: $5,090,910Net Assets 2022: $2,558,2912022Assets 2023: $7,328,157Liabilities 2023: $4,392,750Net Assets 2023: $2,935,4072023Assets 2024: $7,818,916Liabilities 2024: $4,521,339Net Assets 2024: $3,297,5772024Assets 2025: $7,605,708Liabilities 2025: $4,407,811Net Assets 2025: $3,197,8972025

Highlighted filing

2025

Assets$7,605,708
Liabilities$4,407,811
Net Assets$3,197,897

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2015: $2,214,563Expenses 2015: $552,828Net Income 2015: $1,661,7352015Revenue 2016: $1,174,754Expenses 2016: $1,889,284Net Income 2016: -$714,5302016Revenue 2017: $2,628,344Expenses 2017: $2,883,540Net Income 2017: -$255,1962017Revenue 2018: $3,772,783Expenses 2018: $3,845,689Net Income 2018: -$72,9062018Revenue 2019: $5,129,363Expenses 2019: $4,618,372Net Income 2019: $510,9912019Revenue 2020: $5,032,908Expenses 2020: $5,114,927Net Income 2020: -$82,0192020Revenue 2021: $6,290,913Expenses 2021: $4,972,527Net Income 2021: $1,318,3862021Revenue 2022: $5,598,772Expenses 2022: $5,310,526Net Income 2022: $288,2462022Revenue 2023: $6,568,116Expenses 2023: $6,191,000Net Income 2023: $377,1162023Revenue 2024: $7,110,812Expenses 2024: $6,967,511Net Income 2024: $143,3012024Revenue 2025: $7,220,463Expenses 2025: $7,320,143Net Income 2025: -$99,6802025

Highlighted filing

2025

Revenue$7,220,463
Expenses$7,320,143
Net Income-$99,680
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 23, 2025
Return Version
2024v5.0
Gross Receipts
$7,233,911
Mission and Program Overview

Mission

To provide free, sustainable, high quality public schools in knoxville's urban neighborhoods, ensuring all enrolled students have access to an outstanding college preparatory education.

To provide free, sustainable, high quality public schools in knoxville's urban neigborhoods, ensuring all enrolled students have access to an outstanding college preparatory education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,500,391$5,499,575▼ $816
Cash and Non-Interest-Bearing Accounts$554,489$898,730▲ $344,241
Pledges and Grants Receivable$521,361$227,980▼ $293,381
Savings and Temporary Cash Investments$522,246$216,925▼ $305,321
Prepaid Expenses and Deferred Charges$24,735$67,215▲ $42,480
Total Assets$7,818,916$7,605,708▼ $213,208
Other Assets Total$695,694$695,283▼ $411
Liabilities
Unsecured Notes Loans Payable$4,045,015$3,987,218▼ $57,797
Accounts Payable and Accrued Expenses$422,604$311,539▼ $111,065
Other Liabilities$40,153$71,004▲ $30,851
Mortgage Notes Payable Secured by Investment Property$13,567$38,050▲ $24,483
Total Liabilities$4,521,339$4,407,811▼ $113,528
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,873,888$1,941,509▲ $67,621
Net Assets Without Donor Restrictions$1,423,689$1,256,388▼ $167,301
Total Net Assets Fund Balance$3,297,577$3,197,897▼ $99,680
Total Liabilities and Net Assets / Fund Balance$7,818,916$7,605,708▼ $213,208

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,201,139$1,275,306$6,476,445
Equipment$132,508$343,256$475,764
Leasehold Improvements$1,170$116,502$117,672
Land$110,000-$110,000
Other Land Buildings$54,758$33,356$88,114
Other Assets Org$60,603--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carlissa WeeksDirector ofFT$100,502$15,454$115,956

Board Members and Trustees

NameTitle
Steve DiggsPresident
Cindy LangDirector
David ColquittDirector
Janene NordinDirector
Kala GrayDirector
Nicole LattimoreDirector
Robert HillDirector
Tim McelmoreDirector
Randy GibsonSecretary
Alvin NanceTreasurer
Ed HedgepethVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$7,182,515
Program Service Revenue
$0
Investment Income
$36,317
Other Revenue
$1,631
All Other Contributions
$580,322
Change in Net Assets
$-99,680

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,220,463
Revenue Not Reported on Form 990
$13,447
Total Revenue per Audited Statements
$7,233,910
Total Revenue per Form 990
$7,220,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,408,773
Other Expenses$1,911,370
Total Fundraising Expense$309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,151,813--$4,151,813
Other Employee Benefits$435,087--$435,087
Pension Plan Contributions$406,815--$406,815
All Other Expenses$329,368$4,038$309$333,715
Payroll Taxes$314,556--$314,556
Depreciation Depletion$241,030--$241,030
Occupancy$227,794--$227,794
Fees for Services Accounting-$225,031-$225,031
Interest$201,564--$201,564
Information Technology$119,245--$119,245
Current Officers, Directors, Trustees, and Key Employees$100,502--$100,502
Office Expenses$55,285--$55,285
Other Expenses$48,110--$48,110
Insurance$46,860--$46,860
Total Functional Expenses$7,090,765$229,069$309$7,320,143

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,333,590
Expenses per Audited Statements$7,320,143
Total Expenses per Form 990$7,320,143
Expenses Not Reported on Form 990$13,447
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 Pension Inflows - Tcrs - De$38,018
Deferred Pension Inflows - Tcrs - De$32,986
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Page 6, Part VI, Line 11B

Form 990 is provided to all board members for review and approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Expenses are reviewed by an outside party.

Form 990, Page 6, Part VI, Line 15A

Compensation is determined by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request and on the organization's website. Governing documents are also subject to the open records law of the state of tennessee and are submitted to the chartering authority, knox county schools, a fund of knox county, tennessee.

Filing and Contact Details

Filer

Filer Name
Emerald Charter Schools
EIN
46-4687417
Phone
8656373227
Address
1014 HEISKELL AVENUE, KNOXVILLE, TN 37921

Signing Officer

Name
Steve Diggs
Title
President
Phone
8656373227
Signed
2025-12-23

Organization Details

Principal Officer
Steve Diggs
Formed
2014
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
141
Volunteers
50

Preparer

Firm
Mitchell Emert & Hill Pc
Address
416 ERIN DRIVE, KNOXVILLE, TN 37919-6205
Preparer
James R Cates CPA
Phone
8655222396
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Emerald store purchases 13,447 emerald store purchases -13,447

Financial Statement Notes

Schedule D, Page 3, Part X

The school believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.

Schedule D, Page 4, Part XI, Line 2D

Emerald store purchases 13,447

Schedule D, Page 4, Part XII, Line 2D

Emerald store purchases 13,447

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IRS990/OtherExpensesGrp/Desc2CURRICULUM
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IRS990/OtherExpensesGrp/ProgramServicesAmt1129332
IRS990/OtherExpensesGrp/ProgramServicesAmt262809
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IRS990/OtherLiabilitiesGrp/EOYAmt071004
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IRS990ScheduleD/BuildingsGrp/BookValueAmt05201139
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0132508
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IRS990ScheduleD/ExpensesSubtotalAmt07320143
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEFERRED PENSION OUTFLOWS - HYBRID
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET PENSION ASSET(LIABILITY) - TCRS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132986
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED PENSION INFLOWS - TCRS - DE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED PENSION INFLOWS - TCRS - DE
IRS990ScheduleD/OtherRevenueAmt013447
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IRS990ScheduleD/RevenueSubtotalAmt07220463
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EMERALD STORE PURCHASES 13,447
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EMERALD STORE PURCHASES 13,447
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS PUBLISHED ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1EMERALD CHARTER SCHOOLS RECEIVES FEDERAL TITLE I FUNDING, STATE FUNDING THROUGH THE TENNESSEE BASIC EDUCATION PROGRAM AND KNOX COUNTY, TENNESSEE LOCAL TAX REVENUE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2EMERALD CHARTER SCHOOLS INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY ON MOST WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. EMERALD CHARTER SCHOOLS, OPERATES A PUBLIC CHARTER SCHOOL AS PART OF THE STATE OF TENNESSEE'S PUBLIC EDUCATION PROGRAM. STUDENT ADMISSION IS BASED ON A RANDOM DRAWING FROM ALL APPLICANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 7
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ARE REVIEWED BY AN OUTSIDE PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATION'S WEBSITE. GOVERNING DOCUMENTS ARE ALSO SUBJECT TO THE OPEN RECORDS LAW OF THE STATE OF TENNESSEE AND ARE SUBMITTED TO THE CHARTERING AUTHORITY, KNOX COUNTY SCHOOLS, A FUND OF KNOX COUNTY, TENNESSEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EMERALD STORE PURCHASES 13,447 EMERALD STORE PURCHASES -13,447
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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