Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2022 • EIN 82-2828471
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
69th percentile
Higher top officer pay than 69% of similar nonprofits.
Top officer pay equals 3.0% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
78th percentile
Faster revenue growth than 78% of similar nonprofits.
Assets
Up$2,579,395
Up $1,022,557 (+66%) from 2021
Net Assets
Up$935,620
Up $114,176 (+14%) from 2021
Liabilities
Up$1,643,775
Up $908,381 (+124%) from 2021
Revenue
Up$3,378,082
Up $963,723 (+40%) from 2021
Expenses
Up$3,150,437
Up $1,034,897 (+49%) from 2021
Net Income
Down$227,645
Down $71,174 (-24%) from 2021
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $368,340 | $607,011 | ▲ $238,671 |
| Land, Buildings, and Equipment, Net | $470,512 | $592,745 | ▲ $122,233 |
| Intangible Assets | - | $298,954 | - |
| Pledges and Grants Receivable | $525,888 | $186,192 | ▼ $339,696 |
| Prepaid Expenses and Deferred Charges | $14,095 | $9,366 | ▼ $4,729 |
| Total Assets | $1,556,838 | $2,579,395 | ▲ $1,022,557 |
| Other Assets Total | $178,003 | $885,127 | ▲ $707,124 |
| Liabilities | |||
| Other Liabilities | $718,427 | $1,562,712 | ▲ $844,285 |
| Accounts Payable and Accrued Expenses | $16,967 | $81,063 | ▲ $64,096 |
| Total Liabilities | $735,394 | $1,643,775 | ▲ $908,381 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $92,743 | $618,460 | ▲ $525,717 |
| Net Assets Without Donor Restrictions | $728,701 | $317,160 | ▼ $411,541 |
| Total Net Assets Fund Balance | $821,444 | $935,620 | ▲ $114,176 |
| Total Liabilities and Net Assets / Fund Balance | $1,556,838 | $2,579,395 | ▲ $1,022,557 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $541,177 | $485,621 | $1,026,798 |
| Equipment | $51,568 | $114,182 | $165,750 |
| Other Assets Org | $584,821 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Lakenna Booker | Head of School | FT | $101,824 | $101,824 |
| Betty Mccline | Director of Operations | FT | $72,167 | $72,167 |
| Name | Title |
|---|---|
| Brad Scmiedicke | Board Chair |
| Melissa Moore | Board Vice Chair |
| Angelia Allen | Board Member |
| Darron Williams | Board Member |
| Kacy Dixon | Board Member |
| Lashawn Lester | Board Member |
| Talunja Prophet | Board Member |
| Timorie Belk | Board Member |
| Tressa Johnson | Board Member |
| Aurelia Mcbride | Board Secretary I |
| Kathy Gibbs | Board Secretary Ii |
| Victoria Ragland | Board Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,641,555 |
| Salaries, Compensation, and Employee Benefits | $1,508,882 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $946,491 | $384,021 | - | $1,330,512 |
| Fees for Services Other | $284,754 | $340,517 | - | $625,271 |
| Depreciation Depletion | $385,121 | $42,791 | - | $427,912 |
| Current Officers, Directors, Trustees, and Key Employees | - | $173,991 | - | $173,991 |
| Occupancy | $55,013 | $6,113 | - | $61,126 |
| Other Expenses | $27,588 | $7,258 | - | $27,588 |
| Other Employee Benefits | $2,755 | $1,624 | - | $4,379 |
| Total Functional Expenses | $1,983,467 | $1,166,970 | $0 | $3,150,437 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $3,150,437 |
| Total Expenses per Audited Statements | $3,150,437 |
| Total Expenses per Form 990 | $3,150,437 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Note Payable | $867,920 |
| Defferred Inflows | $494,792 |
| Line of Credit | $200,000 |
“Upon preparation by an independent accounting firm, the return is reviewed by the board of directors before submission to the irs.”
“The directors sign a statement annually confirming their compliance with the conflicts of interest policy.”
“Compensation for a position is determined as to what is reasonable for the experience, expertise, geography, and needs of the organization. Compensation is reviewed by the board finance committee and discussed and voted on at board meetings. The resulting decision is recorded in the minutes.”
“The organization's tax documents are available to the public upon request.”
“The organization makes its governing documents and financial statements available to the public upon request.”
“Contracted services: program service expenses 284,754. Management and general expenses 340,517. Fundraising expenses 0. Total expenses 625,271.”
“Cumulative effect of adoption of gasb 87 -113,469.”
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 | 16967 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 81063 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherContributionsAmt | 0 | 110525 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BRADLEY BLOSSER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2677957878 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 700 12TH AVENUE SOUTH SUITE 103 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NASHVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 37203 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 368340 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 607011 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 173991 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 173991 |
| 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/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 3330774 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 1641555 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 47308 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 227645 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 1508882 |
| IRS990/CYTotalExpensesAmt | 0 | 3150437 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 3378082 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 42791 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 385121 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 427912 |
| IRS990/Desc | 0 | PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO DEVELOP ACADEMIC ACUMEN AND LEADERSHIP SKILLS NECESSARY FOR STUDENTS TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | MEMPHIS MERIT ACADEMY CHARTER SCHOOL |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 92743 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 618460 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 56 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 1983467 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 340517 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 284754 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 625271 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 10.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 6 | 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/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRAD SCMIEDICKE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | AURELIA MCBRIDE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | VICTORIA RAGLAND |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DARRON WILLIAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ANGELIA ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KACY DIXON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KATHY GIBBS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | MELISSA MOORE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | TALUNJA PROPHET |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | TIMORIE BELK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | LASHAWN LESTER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | TRESSA JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | LAKENNA BOOKER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | BETTY MCCLINE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 101824 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 72167 |
| 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/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD SECRETARY I |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD SECRETARY II |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | HEAD OF SCHOOL |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | DIRECTOR OF OPERATIONS |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2017 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 12 |
| IRS990/GovernmentGrantsAmt | 0 | 3220249 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 3378082 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 12 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 298954 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 14 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 599803 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 470512 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 592745 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 1192548 |
| 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 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 821444 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 935620 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 728701 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 317160 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 6113 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 55013 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 61126 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 178003 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 885127 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -113469 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 1624 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 2755 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 4379 |
| IRS990/OtherExpensesGrp/Desc | 0 | SUPPLIES & MATERIALS |
| IRS990/OtherExpensesGrp/Desc | 1 | OTHER |
| IRS990/OtherExpensesGrp/Desc | 2 | DEBT SERVICE |
| IRS990/OtherExpensesGrp/Desc | 3 | EXPENDITURES - INTERNAL |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 170365 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 40290 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 7258 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 117861 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 98558 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 65326 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 27588 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 288226 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 138848 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 72584 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 27588 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 718427 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1562712 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 384021 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 946491 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1330512 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 525888 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 186192 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 14095 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 9366 |
| IRS990/PrincipalOfficerNm | 0 | LAKENNA BOOKER |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 611710 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | SUPPLEMENTAL PROGRAMS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 47308 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 47308 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 2405184 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 984438 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 9175 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 298819 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 1131102 |
| IRS990/PYTotalExpensesAmt | 0 | 2115540 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 2414359 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 227645 |
| 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 | 47308 |
| 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 | 51568 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 114182 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 165750 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 3150437 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 541177 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 485621 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 1026798 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 15000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 33639 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 251667 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 584821 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CUSTOMER DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | TCRS STABILIZATION RESERVE TRUST |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | DEFERRED OUTFLOWS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | NET PENSION ASSET |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 867920 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 494792 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 200000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | NOTE PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DEFFERRED INFLOWS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | LINE OF CREDIT |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 3378082 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 592745 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 885127 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 3150437 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1562712 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 3378082 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 3378082 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 3150437 |
| 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 | 1 |
| IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | 1 |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | 1 |
| IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd | 0 | 1 |
| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | 1 |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | GRANTS RECEIVED UNDER THE U.S. DEPARTMENT OF EDUCATION PUBLIC CHARTER SCHOOL GRANT PROGRAM, SHELBY COUNTY TENNESSEE PER PUPIL ALLOCATION, AND TITLE 1 GRANTS TO LOCAL AGENCIES. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, PART I, LINE 6 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | UPON PREPARATION BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | COMPENSATION FOR A POSITION IS DETERMINED AS TO WHAT IS REASONABLE FOR THE EXPERIENCE, EXPERTISE, GEOGRAPHY, AND NEEDS OF THE ORGANIZATION. COMPENSATION IS REVIEWED BY THE BOARD FINANCE COMMITTEE AND DISCUSSED AND VOTED ON AT BOARD MEETINGS. THE RESULTING DECISION IS RECORDED IN THE MINUTES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 284,754. MANAGEMENT AND GENERAL EXPENSES 340,517. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 625,271. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | CUMULATIVE EFFECT OF ADOPTION OF GASB 87 -113,469. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 18 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XI, LINE 9: |
| 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 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1556838 |
| IRS990/TotalAssetsEOYAmt | 0 | 2579395 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1556838 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2579395 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 3330774 |
| IRS990/TotalEmployeeCnt | 0 | 56 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 1166970 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1983467 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 3150437 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 735394 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 1643775 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 735394 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.