Liabilities / Assets
55th percentile
Higher debt load relative to assets than 55% of similar nonprofits.
Tennessee Scholar Academies
990 • Fiscal year 2023 • EIN 81-2796759
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.17x
Liabilities / Revenue
41st percentile
Higher debt load relative to revenue than 41% of similar nonprofits.
Net Margin
53rd percentile
Higher net margin than 53% of similar nonprofits.
Top Officer Pay
60th percentile
Higher top officer pay than 60% of similar nonprofits.
Top officer pay equals 1.8% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Balance Sheet
Assets
Flat$5,781,776
Flat from 2023
Net Assets
Flat$4,810,908
Flat from 2023
Liabilities
Flat$970,868
Flat from 2023
Revenue And Expenses
Revenue
Flat$8,369,214
Flat from 2023
Expenses
Flat$7,936,292
Flat from 2023
Net Income
Flat$432,922
Flat from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2022 to Jun 30, 2023
- Signed
- Aug 26, 2024
- Return Version
- 2022v5.0
- Gross Receipts
- $8,369,214
Mission and Program Overview
Mission
To inspire and teach all students so that each and every child has the opportunity to choose, and achieve, their future.
We are a school management organization over memphis scholars, a network of three public charter schools that also provides contracted support services to otherpublic schools, public charter schools, and educational entities. Ourmission is to provide product-driven solutions that help schoolsoperate more efficiently so that they can prioritize the core work ofeducating students. These solutions are based on best pratices and pastsuccessful performance.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $1,751,360 | $2,464,171 | ▲ $712,811 |
| Cash and Non-Interest-Bearing Accounts | $757,603 | $964,560 | ▲ $206,957 |
| Land, Buildings, and Equipment, Net | $766,037 | $615,395 | ▼ $150,642 |
| Prepaid Expenses and Deferred Charges | $163,112 | $184,947 | ▲ $21,835 |
| Accounts Receivable | $1,799,169 | $170,057 | ▼ $1,629,112 |
| Savings and Temporary Cash Investments | $879 | $879 | → $0 |
| Total Assets | $8,293,768 | $5,781,776 | ▼ $2,511,992 |
| Other Assets Total | $3,055,608 | $1,381,767 | ▼ $1,673,841 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $94,820 | $825,809 | ▲ $730,989 |
| Mortgage Notes Payable Secured by Investment Property | $249,802 | $0 | ▼ $249,802 |
| Other Liabilities | $1,946,060 | $145,059 | ▼ $1,801,001 |
| Total Liabilities | $2,290,682 | $970,868 | ▼ $1,319,814 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $3,744,119 | $4,160,775 | ▲ $416,656 |
| Net Assets With Donor Restrictions | $2,258,967 | $650,133 | ▼ $1,608,834 |
| Total Net Assets Fund Balance | $6,003,086 | $4,810,908 | ▼ $1,192,178 |
| Total Liabilities and Net Assets / Fund Balance | $8,293,768 | $5,781,776 | ▼ $2,511,992 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $429,949 | $282,233 | $712,182 |
| Equipment | $27,308 | $598,747 | $626,055 |
| Other Land Buildings | $158,138 | $234,407 | $392,545 |
| Other Assets Org | $241,446 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| James Dennis | Chief Strategy Officer, Chair | FT | $151,200 | $151,200 |
| Angela Goodin | Chief Operating Officer | FT | $149,100 | $149,100 |
| Janai Douglas | Executive Director | FT | $146,800 | $146,800 |
Board Members and Trustees
| Name | Title |
|---|---|
| Cleo Griffin | Board Member |
| Nicholas Hayes | Board Member |
| Nicholas Patterson | Board Member |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Harmony Transportation | Transportation | 31700 VAN DYKE AVE STE 160, Warren, MI 48093 | $354,914 |
| Sla Management | Student Nutritional Provider | 3217 CORRINE DR, Orlando, FL 32803 | $319,483 |
| Parcou LLC | Janitorial | 7965 VETERANS PARKWAY STE 104, Millington, TN 38053 | $220,142 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $8,205,201
- Program Service Revenue
- $144,402
- Investment Income
- $0
- Other Revenue
- $19,611
- All Other Contributions
- $8,205,201
- Change in Net Assets
- $432,922
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $8,369,214
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $8,369,214
- Total Revenue per Form 990
- $8,369,214
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $4,330,027 |
| Other Expenses | $3,606,265 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $2,734,022 | $221,038 | - | $2,955,060 |
| Occupancy | $816,632 | - | - | $816,632 |
| Other Employee Benefits | $626,100 | $55,067 | - | $681,167 |
| Fees for Services Other | $574,335 | - | - | $574,335 |
| Current Officers, Directors, Trustees, and Key Employees | $413,657 | $33,443 | - | $447,100 |
| Payroll Taxes | $216,905 | $29,795 | - | $246,700 |
| Fees for Services Management | $216,877 | - | - | $216,877 |
| Depreciation Depletion | - | $143,623 | - | $143,623 |
| Information Technology | $112,387 | - | - | $112,387 |
| Fees for Services Accounting | $108,115 | - | - | $108,115 |
| Insurance | $95,869 | - | - | $95,869 |
| Other Expenses | $57,199 | - | - | $57,199 |
| All Other Expenses | $49,028 | - | - | $49,028 |
| Advertising | $9,695 | - | - | $9,695 |
| Fees for Services Legal | $2,395 | - | - | $2,395 |
| Interest | $1,777 | - | - | $1,777 |
| Total Functional Expenses | $7,453,326 | $482,966 | $0 | $7,936,292 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $7,936,292 |
| Total Expenses per Audited Statements | $7,936,292 |
| Total Expenses per Form 990 | $7,936,292 |
| 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 Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Deferred Inflows Related to Pension | $145,059 |
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
- 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 990 will be sent to full board of directors for review.”
Form 990, Part VI, Section B, Line 12C
“Compliance is monitored through annual disclosure process and through regularly scheduled board meetings.”
Form 990, Part VI, Section B, Line 15
“The executive director's compensation is reviewed by the board of directors, based on market rate for similar positions in memphis and explained in person to the executive director by the board chair. The executive director reviews performance and looks at data from similar positions across memphis for other officers and key employees. The executive director outlines compensation changes during regularly scheduled performance conversations with key employees. The following is used to determine all compensation: comparison data for similar roles across organizations in the existing market. Scope of position, size of the organization, support needed to in critical positions. Salary comparables from funding partners that support in organizations in our industry. Review of experience, education, and overall potential for growth in the role. Assessment of performance and cultural awareness and acceptance. Surveys of stakeholders to determine "fit and perception of leadership.”
Form 990, Part VI, Section C, Line 19
“All governing documents, confilict of interest policy, and financial statements are available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Verified Solutions
- EIN
- 81-2796759
- Phone
- 9016026371
- Address
- 1910 MADISON AVE 2753, MEMPHIS, TN 38014
Signing Officer
- Name
- James Dennis
- Title
- Chief Strategy Officer, Chair
- Phone
- 9016026371
- Signed
- 2024-08-26
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- James Dennis
- Formed
- 2016
- Legal Domicile
- Tn
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 72
- Volunteers
- 20
Preparer
- Firm
- Frazier & Deeter LLC
- Address
- 222 SECOND AVE SOUTH STE1840, NASHVILLE, TN 37201
- Preparer
- Deborah L Willett CPA
- Phone
- 6154166800
Supplemental Narrative
Additional Explanations
Form 990, Part IV, Line 12A & 12B
“Verified solutions did not obtain independent audited financial statements. Memphis scholars llc, a single member limited liability company and a disregarded entity of verified solutions, obtained separate independent audited financial statements. This is the sole asset of verified solutions.”
Form 990, Part V, Line 1A & 2A
“The 1099s and w2s reported on lines 1a and 2a were reported under the fein for memphis scholars llc, a disregarded entity of verified solutions.”
Form 990, Part XI, Line 8
“In a prior year, a contribution of $1,625,100 was made to the management company of the organization. The amount was previously reported in other receivables; however, the nature of the transaction was to be a contribution and the organization did not intend to seek repayment. Therefore, the transaction should have been expended upon occurrence. The fund balance and net position as of june 30, 2022 has been restated by $1,625,100. Additionally, the change in net position and change in fund balances for the year ended june 30, 2022 were reduced by $1,625,100 as a result of the restatement.”
Raw XML AppendixShowing 400 of 474 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 94820 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 825809 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1799169 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 170057 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | WE ARE A SCHOOL MANAGEMENT ORGANIZATION OVER MEMPHIS SCHOLARS, A NETWORK OF THREE PUBLIC CHARTER SCHOOLS THAT ALSO PROVIDES CONTRACTED SUPPORT SERVICES TO OTHERPUBLIC SCHOOLS, PUBLIC CHARTER SCHOOLS, AND EDUCATIONAL ENTITIES. OURMISSION IS TO PROVIDE PRODUCT-DRIVEN SOLUTIONS THAT HELP SCHOOLSOPERATE MORE EFFICIENTLY SO THAT THEY CAN PRIORITIZE THE CORE WORK OFEDUCATING STUDENTS. THESE SOLUTIONS ARE BASED ON BEST PRATICES AND PASTSUCCESSFUL PERFORMANCE. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 9695 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 9695 |
| IRS990/AllOtherContributionsAmt | 0 | 8205201 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 49028 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 49028 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | ANGELA GOODIN |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9014167874 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 90 W OLIVE ST |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MEMPHIS |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38106 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 757603 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 964560 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 33443 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 413657 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 447100 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 354914 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 319483 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 220142 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 31700 VAN DYKE AVE STE 160 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 3217 CORRINE DR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 7965 VETERANS PARKWAY STE 104 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | WARREN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | ORLANDO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | MILLINGTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | FL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | TN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 48093 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 32803 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 38053 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | HARMONY TRANSPORTATION |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | SLA MANAGEMENT |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | PARCOU LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | TRANSPORTATION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | STUDENT NUTRITIONAL PROVIDER |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | JANITORIAL |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 8205201 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 3606265 |
| IRS990/CYOtherRevenueAmt | 0 | 19611 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 144402 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 432922 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 4330027 |
| IRS990/CYTotalExpensesAmt | 0 | 7936292 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 8369214 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 143623 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 143623 |
| IRS990/Desc | 0 | PROVIDED 180+ DAYS OF K-8 EDUCATION TO OVER 700 STUDENTS IN MEMPHIS, TN AND DEVELOPED OPERATIONAL (TEACHER STAFFING, FINANCE, AND HR) SUPPORT SERVICES TO CHARTER SCHOOLS, PUBLIC SCHOOLS, AND OTHER EDUCATIONAL ENTITIES. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 1 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2258967 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 650133 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 72 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 7453326 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 108115 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 108115 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 2395 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 2395 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 216877 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 216877 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 574335 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 574335 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CLEO GRIFFIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | NICHOLAS HAYES |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | NICHOLAS PATTERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | JANAI DOUGLAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JAMES DENNIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ANGELA GOODIN |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 146800 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 151200 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 149100 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | EXECUTIVE DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHIEF STRATEGY OFFICER, CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CHIEF OPERATING OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2016 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 3 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 8369214 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartVInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 112387 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 112387 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 95869 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 95869 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 1777 |
| IRS990/InterestGrp/TotalAmt | 0 | 1777 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 23 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 1115387 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 766037 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 615395 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1730782 |
| IRS990/LegalDomicileStateCd | 0 | TN |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | OUR MISSION IS TO OPERATE A NETWORK OF SCHOOLS AND PROVIDEPRODUCT DRIVEN SOLUTIONS THAT HELP SCHOOLS OPERATE MORE EFFICIENTLY SOTHAT THEY CAN PRIORITIZE THE CORE WORK OF EDUCATING STUDENTS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 249802 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 6003086 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4810908 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 3744119 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 4160775 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 816632 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 816632 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3055608 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 1381767 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 55067 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 626100 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 681167 |
| IRS990/OtherExpensesGrp/Desc | 0 | REPAIRS |
| IRS990/OtherExpensesGrp/Desc | 1 | DIRECT INSTRUCTIONAL MA |
| IRS990/OtherExpensesGrp/Desc | 2 | SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 3 | RECRUITING AND RETENTIO |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 712233 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 458982 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 247118 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 57199 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 712233 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 458982 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 247118 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 57199 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1946060 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 145059 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | MISC REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 19611 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 19611 |
| IRS990/OtherRevenueTotalAmt | 0 | 19611 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 221038 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 2734022 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 2955060 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 29795 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 216905 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 246700 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 1751360 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 2464171 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 163112 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 184947 |
| IRS990/PrincipalOfficerNm | 0 | JAMES DENNIS |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | -1625100 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT ACTIVITIES |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 144402 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 144402 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 9725479 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 2913122 |
| IRS990/PYOtherRevenueAmt | 0 | 146065 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 170532 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2683861 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 4445093 |
| IRS990/PYTotalExpensesAmt | 0 | 7358215 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 10042076 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 432922 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 144402 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 879 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 879 |
| IRS990ScheduleA/SchoolInd | 0 | X |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 27308 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 598747 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 626055 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 7936292 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 429949 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 282233 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 712182 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 408687 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 731634 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 241446 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | NET PENSION ASSET |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEFERRED OUTFLOW RELATED TO PENSION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | TCRS STABILIZATION RESERVE TRUST |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 158138 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 234407 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 392545 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 145059 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEFERRED INFLOWS RELATED TO PENSION |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 8369214 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 615395 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 1381767 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 7936292 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 145059 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 8369214 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 8369214 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 7936292 |
| IRS990ScheduleE/ComplianceWithRevProc7550Ind | 0 | 1 |
| IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceAthltProgInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceOtherActyInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceSchsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRcvdInd | 0 | 1 |
| IRS990ScheduleE/GovernmentFinancialAidRvkdInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfAllSolInd | 0 | 0 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 0 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | WE ARE A ZONED SCHOOL AND WE ACCEPT ALL STUDENTS WHO LIVE IN THE ZONE OR MEET THE ELIGIBILITY REQUIREMENTS SET FORTH FOR THE ASD. WE ALSO INCLUDE INFORMATION ON OUR POLICY IN THE REGISTRATION MATERIAL. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | LINE 4B IS NOT APPLICABLE AS NO SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE IS AWARDED. LINE 4D IS NOT APPLICABLE AS THE ORGANIZATION DOES NOT SOLICIT CONTRIBUTIONS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE E, PART I, LINE 4 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | 0 |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | 0 |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | 0 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | 0 |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 1 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 151200 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | JAMES DENNIS |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | CHIEF STRATEGY OFFICER, CHAIR |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 151200 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VERIFIED SOLUTIONS DID NOT OBTAIN INDEPENDENT AUDITED FINANCIAL STATEMENTS. MEMPHIS SCHOLARS LLC, A SINGLE MEMBER LIMITED LIABILITY COMPANY AND A DISREGARDED ENTITY OF VERIFIED SOLUTIONS, OBTAINED SEPARATE INDEPENDENT AUDITED FINANCIAL STATEMENTS. THIS IS THE SOLE ASSET OF VERIFIED SOLUTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE 1099S AND W2S REPORTED ON LINES 1A AND 2A WERE REPORTED UNDER THE FEIN FOR MEMPHIS SCHOLARS LLC, A DISREGARDED ENTITY OF VERIFIED SOLUTIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE 990 WILL BE SENT TO FULL BOARD OF DIRECTORS FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | COMPLIANCE IS MONITORED THROUGH ANNUAL DISCLOSURE PROCESS AND THROUGH REGULARLY SCHEDULED BOARD MEETINGS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED BY THE BOARD OF DIRECTORS, BASED ON MARKET RATE FOR SIMILAR POSITIONS IN MEMPHIS AND EXPLAINED IN PERSON TO THE EXECUTIVE DIRECTOR BY THE BOARD CHAIR. THE EXECUTIVE DIRECTOR REVIEWS PERFORMANCE AND LOOKS AT DATA FROM SIMILAR POSITIONS ACROSS MEMPHIS FOR OTHER OFFICERS AND KEY EMPLOYEES. THE EXECUTIVE DIRECTOR OUTLINES COMPENSATION CHANGES DURING REGULARLY SCHEDULED PERFORMANCE CONVERSATIONS WITH KEY EMPLOYEES. THE FOLLOWING IS USED TO DETERMINE ALL COMPENSATION: COMPARISON DATA FOR SIMILAR ROLES ACROSS ORGANIZATIONS IN THE EXISTING MARKET. SCOPE OF POSITION, SIZE OF THE ORGANIZATION, SUPPORT NEEDED TO IN CRITICAL POSITIONS. SALARY COMPARABLES FROM FUNDING PARTNERS THAT SUPPORT IN ORGANIZATIONS IN OUR INDUSTRY. REVIEW OF EXPERIENCE, EDUCATION, AND OVERALL POTENTIAL FOR GROWTH IN THE ROLE. ASSESSMENT OF PERFORMANCE AND CULTURAL AWARENESS AND ACCEPTANCE. SURVEYS OF STAKEHOLDERS TO DETERMINE "FIT AND PERCEPTION OF LEADERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ALL GOVERNING DOCUMENTS, CONFILICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | IN A PRIOR YEAR, A CONTRIBUTION OF $1,625,100 WAS MADE TO THE MANAGEMENT COMPANY OF THE ORGANIZATION. THE AMOUNT WAS PREVIOUSLY REPORTED IN OTHER RECEIVABLES; HOWEVER, THE NATURE OF THE TRANSACTION WAS TO BE A CONTRIBUTION AND THE ORGANIZATION DID NOT INTEND TO SEEK REPAYMENT. THEREFORE, THE TRANSACTION SHOULD HAVE BEEN EXPENDED UPON OCCURRENCE. THE FUND BALANCE AND NET POSITION AS OF JUNE 30, 2022 HAS BEEN RESTATED BY $1,625,100. ADDITIONALLY, THE CHANGE IN NET POSITION AND CHANGE IN FUND BALANCES FOR THE YEAR ENDED JUNE 30, 2022 WERE REDUCED BY $1,625,100 AS A RESULT OF THE RESTATEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART IV, LINE 12A & 12B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART V, LINE 1A & 2A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 8 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | VERIFIED SOLUTIONS |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | MEMPHIS SCHOLARS LLC |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 473971856 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt | 0 | 5781776 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd | 0 | TN |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | ESTABLISH SUPPORT, OPERATE, AND MANAGE CHARTER SCHOOLS IN MEMPHIS, TN |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt | 0 | 8369214 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 90 W OLIVE AVE |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | MEMPHIS |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 38106 |
| IRS990/SchoolOperatingInd | 0 | 1 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $5,781,776
- Liabilities
- $970,868
- Net assets
- $4,810,908
- Revenue
- $8,369,214
- Expenses
- $7,936,292
- Net income
- $432,922