Civic Intelligence

Memphis Merit Academy Inc

EIN 82-2828471 • 501(c)3 • Memphis, TN

Profile

Memphis merit academy charter school prepares kindergarten through 8th-grade students in memphis for success in high school, college, and life by providing rigorous academics, high-quality instruction, and character development in a supportive school environment.

4075 American WayMemphis, TN 38118

www.memphismeritacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.93x

Higher debt load relative to assets than 91% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

1.84x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

40th percentile

1.2%

Higher net margin than 40% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

73%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2025

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2025

Assets

Down

$13,276,096

Down $655,819 (-4.7%) from 2024

Liabilities

Down

$12,287,510

Down $785,043 (-6.0%) from 2024

Net Assets

Up

$988,586

Up $129,224 (+15%) from 2024

Revenue

Up

$6,689,747

Up $1,049,407 (+19%) from 2024

Expenses

Up

$6,612,069

Up $758,987 (+13%) from 2024

Net Income

Up

$77,678

Up $290,420 (+137%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2019: $539,038Liabilities 2019: $104,738Net Assets 2019: $434,3002019Assets 2020: $1,097,486Liabilities 2020: $574,861Net Assets 2020: $522,6252020Assets 2021: $1,556,838Liabilities 2021: $735,394Net Assets 2021: $821,4442021Assets 2022: $2,579,395Liabilities 2022: $1,643,775Net Assets 2022: $935,6202022Assets 2023: $4,151,763Liabilities 2023: $3,066,049Net Assets 2023: $1,085,7142023Assets 2024: $13,931,915Liabilities 2024: $13,072,553Net Assets 2024: $859,3622024Assets 2025: $13,276,096Liabilities 2025: $12,287,510Net Assets 2025: $988,5862025

Highlighted filing

2025

Assets$13,276,096
Liabilities$12,287,510
Net Assets$988,586

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $763,284Expenses 2019: $328,984Net Income 2019: $434,3002019Revenue 2020: $1,729,001Expenses 2020: $1,640,676Net Income 2020: $88,3252020Revenue 2021: $2,414,359Expenses 2021: $2,115,540Net Income 2021: $298,8192021Revenue 2022: $3,378,082Expenses 2022: $3,150,437Net Income 2022: $227,6452022Revenue 2023: $4,545,144Expenses 2023: $4,395,049Net Income 2023: $150,0952023Revenue 2024: $5,640,340Expenses 2024: $5,853,082Net Income 2024: -$212,7422024Revenue 2025: $6,689,747Expenses 2025: $6,612,069Net Income 2025: $77,6782025

Highlighted filing

2025

Revenue$6,689,747
Expenses$6,612,069
Net Income$77,678

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 19, 2025
Return Version
2024v5.2
Gross Receipts
$6,689,747
Mission and Program Overview

Mission

Memphis merit academy charter school prepares kindergarten through 8th-grade students in memphis for success in high school, college, and life by providing rigorous academics, high-quality instruction, and character development in a supportive school environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,126,903$10,973,156▼ $153,747
Cash and Non-Interest-Bearing Accounts$1,215,643$802,756▼ $412,887
Pledges and Grants Receivable$71,069$170,609▲ $99,540
Intangible Assets$95,078--
Prepaid Expenses and Deferred Charges-$37,867-
Total Assets$13,931,915$13,276,096▼ $655,819
Other Assets Total$1,423,222$1,291,708▼ $131,514
Liabilities
Other Liabilities$12,187,598$12,049,727▼ $137,871
Accounts Payable and Accrued Expenses$884,955$237,783▼ $647,172
Total Liabilities$13,072,553$12,287,510▼ $785,043
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$509,491$636,901▲ $127,410
Net Assets With Donor Restrictions$349,871$351,685▲ $1,814
Total Net Assets Fund Balance$859,362$988,586▲ $129,224
Total Liabilities and Net Assets / Fund Balance$13,931,915$13,276,096▼ $655,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,397,801$411,749$10,809,550
Leasehold Improvements$1$1,026,798$1,026,799
Land$499,000-$499,000
Equipment$15,528$170,857$186,385
Other Land Buildings$60,826$33,376$94,202
Other Assets Org$429,903--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lakenna R BookerHead of SchoolFT$143,046$143,046

Board Members and Trustees

NameTitle
Aurelia McbrideBoard Chair
Talunja ProphetVice Chairman
Lashawn LesterBoard Member
Reid LaniganBoard Member
Robin DixonBoard Member
Timorie BelkBoard Member
Dimika CavalierSecretary
Joseph MckinneyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
901 Real EstateProperty Management9045 FOREST CENTRE DR, Germantown, TN 38138$620,589
Revenue and Support

Revenue Composition

Contributions and Grants
$6,454,719
Program Service Revenue
$43,473
Investment Income
$28,626
Other Revenue
$162,929
All Other Contributions
$656,103
Change in Net Assets
$77,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,689,747
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,689,747
Total Revenue per Form 990
$6,689,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,459,115
Other Expenses$3,152,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,677,726$923,569-$2,601,295
Interest$713,691$79,299-$792,990
Depreciation Depletion$393,808$43,757-$437,565
Fees for Services Other$15,368$408,050-$423,418
Other Employee Benefits$256,600$141,256-$397,856
Office Expenses$97,424$167,769-$265,193
Current Officers, Directors, Trustees, and Key Employees$161,723$89,027-$250,750
Payroll Taxes$134,934$74,280-$209,214
All Other Expenses$128,808$62,958-$191,766
Information Technology$130,337$43,446-$173,783
Other Expenses$29,826$51,361-$81,187
Fees for Services Accounting$954$25,321-$26,275
Fees for Services Management$788$20,920-$21,708
Fees for Services Legal$415$11,020-$11,435
Total Functional Expenses$4,134,745$2,477,324$0$6,612,069

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,612,069
Total Expenses per Audited Statements$6,612,069
Total Expenses per Form 990$6,612,069
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
Note Payable$11,387,146
Defferred Inflows$662,581
Governance and Compliance

Governance Checklist

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

A copy of the 990 was provided to the board of directors before filing.

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

Board members are required to disclose conflicts of interest as a condition of board membership. Employees sign a fraud reporting agreement that compels them to report any known misappropriation of funds or resources by an employee or board member.

Form 990, Part VI, Section B, Line 15

Employee compensation is based on compensation schedule used by other charter schools in memphis, tn and nashville, tn. The compensation schedule was approved by the shelby county unified school board.

Form 990, Part VI, Section C, Line 19

The organization's tax documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Memphis Merit Academy Inc
EIN
82-2828471
Phone
9016173690
Address
4075 AMERICAN WAY, MEMPHIS, TN 38118

Signing Officer

Name
Lakenna Booker
Title
Executive Director
Phone
9016173690
Signed
2025-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lakenna Booker
Formed
2017
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
96
Volunteers
2

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard a Swope
Phone
9016834234
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The process used by the committee to oversee the audit has not changed from the prior year.

Form 990, Part XI, Line 2C

During the current year, the organization recorded a prior period adjustment of $51,546 relating to right-of-use assets.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america requires management of the school to evaluate tax positions taken by the school and recognize a tax liability (or asset) if the school has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The school has analyzed the tax positions taken by the school and has concluded that as of june 30, 2025, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The school is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods.

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IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0141256
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0256600
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0397856
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1SECURITY
IRS990/OtherExpensesGrp/Desc2STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc3TEXTBOOKS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031745
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1271408
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt232138
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt351361
IRS990/OtherExpensesGrp/ProgramServicesAmt0285708
IRS990/OtherExpensesGrp/ProgramServicesAmt110222
IRS990/OtherExpensesGrp/ProgramServicesAmt296413
IRS990/OtherExpensesGrp/ProgramServicesAmt329826
IRS990/OtherExpensesGrp/TotalAmt0317453
IRS990/OtherExpensesGrp/TotalAmt1281630
IRS990/OtherExpensesGrp/TotalAmt2128551
IRS990/OtherExpensesGrp/TotalAmt381187
IRS990/OtherLiabilitiesGrp/BOYAmt012187598
IRS990/OtherLiabilitiesGrp/EOYAmt012049727
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0923569
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01677726
IRS990/OtherSalariesAndWagesGrp/TotalAmt02601295
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074280
IRS990/PayrollTaxesGrp/ProgramServicesAmt0134934
IRS990/PayrollTaxesGrp/TotalAmt0209214
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt071069
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0170609
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037867
IRS990/PrincipalOfficerNm0LAKENNA BOOKER
IRS990/PriorPeriodAdjustmentsAmt051546
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SUPPLEMENTAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043473
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043473
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05344568
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt037139
IRS990/PYOtherExpensesAmt03039656
IRS990/PYOtherRevenueAmt0218060
IRS990/PYProgramServiceRevenueAmt040573
IRS990/PYRevenuesLessExpensesAmt0-212742
IRS990/PYSalariesCompEmpBnftPaidAmt02813426
IRS990/PYTotalExpensesAmt05853082
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05640340
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt077678
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0162929
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0206402
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/BookValueAmt010397801
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0411749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010809550
IRS990ScheduleD/EquipmentGrp/BookValueAmt015528
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0170857
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0186385
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06612069
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0499000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0499000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01026798
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01026799
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt099240
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1505321
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2257244
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3429903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TCRS STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3LEASES RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt060826
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt033376
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt094202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011387146
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1662581
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFFERRED INFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06689747
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010973156
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01291708
IRS990ScheduleD/TotalExpensesPerForm990Amt06612069
IRS990ScheduleD/TotalLiabilityAmt012049727
IRS990ScheduleD/TotalRevenuePerForm990Amt06689747
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06689747
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06612069
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/ExplanationTxt0THE SCHOOL MEET REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PERCENTAGE OF STUDENTS ENROLLED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1GRANTS RECEIVED UNDER THE U.S. DEPARTMENT OF EDUCATION PUBLIC CHARTER SCHOOLS GRANT PROGRAM, SHELBY COUNTY TENNESSEE PER PUPIL ALLOCATION, AND TITLE 1 GRANTS TO LOCAL AGENCIES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART 1, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS A CONDITION OF BOARD MEMBERSHIP. EMPLOYEES SIGN A FRAUD REPORTING AGREEMENT THAT COMPELS THEM TO REPORT ANY KNOWN MISAPPROPRIATION OF FUNDS OR RESOURCES BY AN EMPLOYEE OR BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EMPLOYEE COMPENSATION IS BASED ON COMPENSATION SCHEDULE USED BY OTHER CHARTER SCHOOLS IN MEMPHIS, TN AND NASHVILLE, TN. THE COMPENSATION SCHEDULE WAS APPROVED BY THE SHELBY COUNTY UNIFIED SCHOOL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS USED BY THE COMMITTEE TO OVERSEE THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DURING THE CURRENT YEAR, THE ORGANIZATION RECORDED A PRIOR PERIOD ADJUSTMENT OF $51,546 RELATING TO RIGHT-OF-USE ASSETS.
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 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MEMPHIS MERIT ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMPHIS MERIT ACADEMY REAL ESTATE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0921695287
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0403442
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0CONSTRUCTION AND OWNERSHIP OF SCHOOL'S BUILDING AND FACILITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0183311
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04775 AMERICAN WAY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd038118

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