Civic Intelligence

Memphis Merit Academy

990 • Fiscal year 2024 • EIN 82-2828471

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 18, 2025

Organization ProfileWWW.MEMPHISMERITACADEMY.ORG
4075 American WayMemphis, TN 38118

(901) 617-3690

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

2.32x

Higher debt load relative to revenue than 90% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

26th percentile

-3.8%

Higher net margin than 26% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$118,672

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

236%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

24%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$13,931,915

Up $9,780,152 (+236%) from 2023

Net Assets

Down

$859,362

Down $226,352 (-21%) from 2023

Liabilities

Up

$13,072,553

Up $10,006,504 (+326%) from 2023

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin26th percentile

Revenue

Up

$5,640,340

Up $1,095,196 (+24%) from 2023

Expenses

Up

$5,853,082

Up $1,458,033 (+33%) from 2023

Net Income

Down

-$212,742

Down $362,837 (-242%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2024

Assets$13,931,915
Liabilities$13,072,553
Net Assets$859,362
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$5,640,340
Expenses$5,853,082
Net Income-$212,742
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 18, 2025
Return Version
2023v6.0
Gross Receipts
$5,640,340
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$2,392,894$11,126,903▲ $8,734,009
Cash and Non-Interest-Bearing Accounts$527,483$1,215,643▲ $688,160
Intangible Assets$171,239$95,078▼ $76,161
Pledges and Grants Receivable$496,061$71,069▼ $424,992
Prepaid Expenses and Deferred Charges$9,176$0▼ $9,176
Total Assets$4,151,763$13,931,915▲ $9,780,152
Other Assets Total$554,910$1,423,222▲ $868,312
Liabilities
Other Liabilities$2,773,864$12,187,598▲ $9,413,734
Accounts Payable and Accrued Expenses$217,270$884,955▲ $667,685
Deferred Revenue$74,915$0▼ $74,915
Total Liabilities$3,066,049$13,072,553▲ $10,006,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$819,336$509,491▼ $309,845
Net Assets With Donor Restrictions$266,378$349,871▲ $83,493
Total Net Assets Fund Balance$1,085,714$859,362▼ $226,352
Total Liabilities and Net Assets / Fund Balance$4,151,763$13,931,915▲ $9,780,152

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,514,097$55,083$9,569,180
Other Land Buildings$1,051,630-$1,051,630
Leasehold Improvements$42,244$984,554$1,026,798
Land$499,000-$499,000
Equipment$19,932$166,454$186,386
Other Assets Org$755,619--
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lakenna BookerHead of SchoolFT$118,672$118,672
Betty McclineDirector of OperationsFT$83,454$83,454

Board Members and Trustees

NameTitle
Melissa MooreBoard Chair
Aurelia McbrideBoard Vice Chair
Dimika CavalierBoard Member
Joseph MckinneyBoard Member
Lashawn LesterBoard Member
Stacey RichardsBoard Member
Talunja ProphetBoard Member
Tressa JohnsonBoard Member
Timorie BelkBoard Secretary
Angelia AllenBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,344,568
Program Service Revenue
$40,573
Investment Income
$37,139
Other Revenue
$218,060
All Other Contributions
$548,869
Change in Net Assets
$-212,742

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,640,340
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,640,340
Total Revenue per Form 990
$5,640,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,039,656
Salaries, Compensation, and Employee Benefits$2,813,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$1,521,913$676,108-$2,198,021
Fees for Services Other$641,075$574,751-$1,215,826
Depreciation Depletion$413,374$45,930-$459,304
Other Employee Benefits$262,057$151,222-$413,279
Current Officers, Directors, Trustees, and Key Employees-$202,126-$202,126
Occupancy$69,476$7,720-$77,196
Other Expenses$4,990$58,514-$4,990
Total Functional Expenses$3,607,340$2,245,742$0$5,853,082

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,853,082
Total Expenses per Audited Statements$5,853,082
Total Expenses per Form 990$5,853,082
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$11,295,538
Defferred Inflows$892,060
Governance and Compliance

Governance Checklist

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

“Upon preparation by an independent accounting firm, the return is reviewed by the board of directors before submission to the irs.”

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

“The directors sign a statement annually confirming their compliance with the conflicts of interest policy.”

Form 990, Part VI, Section B, Line 15

“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.”

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements 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
Doing Business As
Memphis Merit Academy Charter School

Signing Officer

Name
Lakenna Booker
Title
Executive Director
Phone
9016173690
Signed
2025-02-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lakenna Booker
Formed
2017
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
86
Volunteers
1

Preparer

Firm
The Marston Group Plc
Address
1661 INTERNATIONAL DRIVE SUITE 250, MEMPHIS, TN 38120
Preparer
Susan M Lattimore
Phone
9017613003
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted services: program service expenses 641,075. Management and general expenses 574,751. Fundraising expenses 0. Total expenses 1,215,826.”

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt0413279
IRS990/OtherExpensesGrp/Desc0SUPPLIES & MATERIALS
IRS990/OtherExpensesGrp/Desc1DEBT SERVICE
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/Desc3INTERNAL SCHOOL FUNDS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0492280
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt137091
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt258514
IRS990/OtherExpensesGrp/ProgramServicesAmt0185097
IRS990/OtherExpensesGrp/ProgramServicesAmt1333817
IRS990/OtherExpensesGrp/ProgramServicesAmt2175541
IRS990/OtherExpensesGrp/ProgramServicesAmt34990
IRS990/OtherExpensesGrp/TotalAmt0677377
IRS990/OtherExpensesGrp/TotalAmt1370908
IRS990/OtherExpensesGrp/TotalAmt2234055
IRS990/OtherExpensesGrp/TotalAmt34990
IRS990/OtherLiabilitiesGrp/BOYAmt02773864
IRS990/OtherLiabilitiesGrp/EOYAmt012187598
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0496061
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt071069
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09176
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LAKENNA BOOKER
IRS990/PriorPeriodAdjustmentsAmt0-13610
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0SUPPLEMENTAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040573
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04383251
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02232631
IRS990/PYOtherRevenueAmt093921
IRS990/PYProgramServiceRevenueAmt067972
IRS990/PYRevenuesLessExpensesAmt0150095
IRS990/PYSalariesCompEmpBnftPaidAmt02162418
IRS990/PYTotalExpensesAmt04395049
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04545144
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-212742
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0218060
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0258633
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/BookValueAmt09514097
IRS990ScheduleD/BuildingsGrp/DepreciationAmt055083
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09569180
IRS990ScheduleD/EquipmentGrp/BookValueAmt019932
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0166454
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0186386
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05853082
IRS990ScheduleD/LandGrp/BookValueAmt0499000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0499000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt042244
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0984554
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01026798
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt171118
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2302732
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3278753
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4755619
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TCRS STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4LEASES RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01051630
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01051630
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011295538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1892060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFFERRED INFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05640340
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011126903
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01423222
IRS990ScheduleD/TotalExpensesPerForm990Amt05853082
IRS990ScheduleD/TotalLiabilityAmt012187598
IRS990ScheduleD/TotalRevenuePerForm990Amt05640340
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05640340
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05853082
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/ExplanationTxt0GRANTS 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/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON PREPARATION BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION 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/ExplanationTxt3THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 641,075. MANAGEMENT AND GENERAL EXPENSES 574,751. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,215,826.
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0MEMPHIS MERIT ACADEMY INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMPHIS MERIT ACADEMY REAL ESTATE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0921695287
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0700736
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0CONSTRUCTION AND OWNERSHIP OF SCHOOL'S BUILDING AND FACILITIES
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0255199
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt04775 AMERICAN WAY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd038118
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04151763
IRS990/TotalAssetsEOYAmt013931915
IRS990/TotalAssetsGrp/BOYAmt04151763
IRS990/TotalAssetsGrp/EOYAmt013931915
IRS990/TotalCompGreaterThan150KInd00

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,931,915
Liabilities
$13,072,553
Net assets
$859,362
Revenue
$5,640,340
Expenses
$5,853,082
Net income
-$212,742
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.3$12.3$0.99$6.69$6.61$0.08
2024Detailed filing. Detailed filing data is available for this year.$13.9$13.1$0.86$5.64$5.85$0.21
2023Detailed filing. Detailed filing data is available for this year.$4.15$3.07$1.09$4.55$4.40$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.58$1.64$0.94$3.38$3.15$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.74$0.82$2.41$2.12$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.57$0.52$1.73$1.64$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.10$0.43$0.76$0.33$0.43