Civic Intelligence

New Day Schools Inc DBA Compass Communit

990 • Fiscal year 2020 • EIN 82-4087161

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 26, 2021

Organization ProfileWWW.COMPASSMEMPHIS.ORG

View Organization Page

61 N Mclean BlvdMemphis, TN 38104

(901) 618-7422

Siviq Scores

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

Liabilities / Assets

59th percentile

0.31x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.11x

Higher debt load relative to revenue than 26% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$162,471

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

99th percentile

469%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

881%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$6,280,661

Up $5,176,784 (+469%) from 2019

Net Assets

Up

$4,312,471

Up $3,467,190 (+410%) from 2019

Liabilities

Up

$1,968,190

Up $1,709,594 (+661%) from 2019

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin70th percentile

Revenue

Up

$17,512,119

Up $15,727,566 (+881%) from 2019

Expenses

Up

$14,976,648

Up $14,028,445 (+1479%) from 2019

Net Income

Up

$2,535,471

Up $1,699,121 (+203%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$30M$20M$10M$0Assets 2018: $8,931Liabilities 2018: $0Net Assets 2018: $8,9312018Assets 2019: $1,103,877Liabilities 2019: $258,596Net Assets 2019: $845,2812019Assets 2020: $6,280,661Liabilities 2020: $1,968,190Net Assets 2020: $4,312,4712020Assets 2021: $9,085,681Liabilities 2021: $2,286,498Net Assets 2021: $6,799,1832021Assets 2022: $16,261,441Liabilities 2022: $4,162,430Net Assets 2022: $12,099,0112022Assets 2023: $16,212,539Liabilities 2023: $2,111,049Net Assets 2023: $14,101,4902023Assets 2024: $22,267,746Liabilities 2024: $2,033,358Net Assets 2024: $20,234,3882024

Highlighted filing

2020

Assets$6,280,661
Liabilities$1,968,190
Net Assets$4,312,471
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$30M$20M$10M$0Revenue 2018: $125,100Expenses 2018: $116,169Net Income 2018: $8,9312018Revenue 2019: $1,784,553Expenses 2019: $948,203Net Income 2019: $836,3502019Revenue 2020: $17,512,119Expenses 2020: $14,976,648Net Income 2020: $2,535,4712020Revenue 2021: $16,072,586Expenses 2021: $13,606,296Net Income 2021: $2,466,2902021Revenue 2022: $20,547,057Expenses 2022: $14,353,930Net Income 2022: $6,193,1272022Revenue 2023: $19,019,198Expenses 2023: $17,016,719Net Income 2023: $2,002,4792023Revenue 2024: $24,897,810Expenses 2024: $18,764,912Net Income 2024: $6,132,8982024

Highlighted filing

2020

Revenue$17,512,119
Expenses$14,976,648
Net Income$2,535,471
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 26, 2021
Return Version
2019v5.2
Gross Receipts
$17,512,119
Mission and Program Overview

Mission

Prepare students for college and life-long success by developing the whole child through a focus on academic excellence, values-based character education, and service learning in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$2,484,595-
Cash and Non-Interest-Bearing Accounts$1,100,188$2,298,524▲ $1,198,336
Land, Buildings, and Equipment, Net$3,689$1,059,369▲ $1,055,680
Savings and Temporary Cash Investments-$62,458-
Total Assets$1,103,877$6,280,661▲ $5,176,784
Other Assets Total$0$375,715▲ $375,715
Liabilities
Accounts Payable and Accrued Expenses$119,355$1,089,612▲ $970,257
Unsecured Notes Loans Payable-$876,900-
Other Liabilities$139,241$0▼ $139,241
Grants Payable-$1,678-
Total Liabilities$258,596$1,968,190▲ $1,709,594
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$845,281$2,398,013▲ $1,552,732
Net Assets With Donor Restrictions-$1,914,458-
Total Net Assets Fund Balance$845,281$4,312,471▲ $3,467,190
Total Liabilities and Net Assets / Fund Balance$1,103,877$6,280,661▲ $5,176,784

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$715,373$190,669$906,042
Other Land Buildings$283,830$15,544$299,374
Leasehold Improvements$60,166$2,409$62,575
Other Assets Org$375,715--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kristi BairdExecutive DirectorFT$154,327$8,144$162,471

Board Members and Trustees

NameTitle
Dr John SmarrelliChair
Dr Richard PottsDirector
Greg DiazDirector
Marty ReganDirector
Teresa SloyanDirector
Emily GreerSecretary
Marty PetrusekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Instruction PartnersTeacher Professional Development604 GALLATIN AVE SUITE 202, Nashville, TN 37206$172,567
Pristine Clean Plus LLCCleaning Services3124 HILL LAKE DR, Bartlett, TN 38135$121,602
Revenue and Support

Revenue Composition

Contributions and Grants
$6,765,786
Program Service Revenue
$10,579,116
Investment Income
$1,325
Other Revenue
$165,892
All Other Contributions
$2,553,748
Change in Net Assets
$2,535,471

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,512,119
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,665,500
Total Revenue per Audited Statements
$20,177,619
Total Revenue per Form 990
$17,512,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,695,352
Other Expenses$5,281,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,600,233$1,207,101-$7,807,334
Occupancy$866,387$99,505-$965,892
Payroll Taxes$714,913$109,696-$824,609
Other Employee Benefits$574,932$88,216-$663,148
Office Expenses$476,998$82,068-$559,066
Fees for Services Management$105,492$171,790-$277,282
Fees for Services Accounting-$269,586-$269,586
Pension Plan Contributions$208,163$31,940-$240,103
Other Expenses$210,000$10,076-$210,000
Depreciation Depletion$177,329$31,293-$208,622
Advertising$102,784$102,839-$205,623
Current Officers, Directors, Trustees, and Key Employees$135,393$24,765-$160,158
Fees for Services Other$141,515--$141,515
All Other Expenses$82,898$494-$83,392
Information Technology$30,634$30,191-$60,825
Fees for Services Legal-$32,108-$32,108
Payments to Affiliates-$15,335-$15,335
Conferences and Meetings$5,851$2,996-$8,847
Total Functional Expenses$12,369,202$2,607,446$0$14,976,648

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$15,865,148
Expenses per Audited Statements$14,976,648
Total Expenses per Form 990$14,976,648
Expenses Not Reported on Form 990$888,500
Expenses Not Reported on Financial Statements$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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Board members are provided with a copy of the form 990 electronically via email for review and comments before filing.”

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

“Officers and directors are required to disclose annually interests that could give rise to conflict.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is determined by the board of directors based on compensation analysis and comparison with the position in similar charter school organizations. The compensation for key employees is determined by the executive director based on compensation analysis and comparison with the positions in similar charter school organizations.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
New Day Schools Inc Dba Compass Communit
EIN
82-4087161
Phone
9016187422
Address
61 N MCLEAN BLVD, MEMPHIS, TN 38104

Signing Officer

Name
Kristi Baird
Title
Executive Director
Phone
9016187422
Signed
2021-03-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristi Baird
Formed
2017
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
183
Volunteers
0

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 13:

“Entity was formed to start and operate public charter schools in the memphis, tn area. Charter schools are considered public rather than private schools; therefore, they are not required to complete schedule e.”

FORM 990, PART XI, LINE 9:

“Prior year activity included in audited financials -845,281.”

FORM 990, PART XII, LINE 2C:

“Process has not changed from prior year.”

Raw XML AppendixShowing 400 of 484 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.

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IRS990/OtherExpensesGrp/Desc1TEXTBOOKS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3SCS ADMINISTRATIVE FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0297447
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110076
IRS990/OtherExpensesGrp/ProgramServicesAmt0623147
IRS990/OtherExpensesGrp/ProgramServicesAmt1768613
IRS990/OtherExpensesGrp/ProgramServicesAmt2543920
IRS990/OtherExpensesGrp/ProgramServicesAmt3210000
IRS990/OtherExpensesGrp/TotalAmt0920594
IRS990/OtherExpensesGrp/TotalAmt1768613
IRS990/OtherExpensesGrp/TotalAmt2553996
IRS990/OtherExpensesGrp/TotalAmt3210000
IRS990/OtherLiabilitiesGrp/BOYAmt0139241
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0165892
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0165892
IRS990/OtherRevenueTotalAmt0165892
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01207101
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06600233
IRS990/OtherSalariesAndWagesGrp/TotalAmt07807334
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt015335
IRS990/PaymentsToAffiliatesGrp/TotalAmt015335
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0109696
IRS990/PayrollTaxesGrp/ProgramServicesAmt0714913
IRS990/PayrollTaxesGrp/TotalAmt0824609
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt031940
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0208163
IRS990/PensionPlanContributionsGrp/TotalAmt0240103
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KRISTI BAIRD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0SCS PUPIL ALLOCATION
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010498884
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt180232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010498884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt180232
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01784553
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0619711
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0836350
IRS990/PYSalariesCompEmpBnftPaidAmt0328492
IRS990/PYTotalExpensesAmt0948203
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01784553
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02535471
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010745008
IRS990/SavingsAndTempCashInvstGrp/EOYAmt062458
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/DonatedServicesAndUseFcltsAmt02665500
IRS990ScheduleD/DonatedServicesUseFcltsAmt0888500
IRS990ScheduleD/EquipmentGrp/BookValueAmt0715373
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0190669
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0906042
IRS990ScheduleD/ExpensesNotReportedAmt0888500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014976648
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt060166
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02409
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt062575
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0375715
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES - PENSIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0283830
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015544
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0299374
IRS990ScheduleD/RevenueNotReportedAmt02665500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt017512119
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01059369
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0375715
IRS990ScheduleD/TotalExpensesPerForm990Amt014976648
IRS990ScheduleD/TotalRevenuePerForm990Amt017512119
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020177619
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt015865148
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/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AS A PUBLIC SCHOOL, THE STATUTES GOVERNING PUBLIC SCHOOLS MAKE CLEAR THAT PUBLIC SCHOOLS HAVE NONDISCRIMINATION POLICIES.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOLS ARE RECIPIENTS OF FINANCIAL ASSISTANCE THROUGH FEDERAL, STATE, AND PRIVATE AGENCIES. AS A PUBLIC SCHOOL, FUNDING COMES PRIMARILY THROUGH THE PER-PUPIL ALLOCATION FROM SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE SCHOOLS ALSO BENEFIT FROM CAPITAL GRANTS AND PUBLIC CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2SCHEDULE E DOES NOT APPLY TO PUBLIC SCHOOLS. CHARTER SCHOOLS ARE CONSIDERED PUBLIC RATHER THAN PRIVATE SCHOOLS; THEREFORE, THEY DO NOT HAVE TO COMPLY WITH THE REV. PROC. 75-50 GUIDELINES AND ARE NOT REQUIRED TO COMPLETE SCHEDULE E.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE E:
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0154327
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt04704
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt03440
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KRISTI BAIRD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162471
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENTITY WAS FORMED TO START AND OPERATE PUBLIC CHARTER SCHOOLS IN THE MEMPHIS, TN AREA. CHARTER SCHOOLS ARE CONSIDERED PUBLIC RATHER THAN PRIVATE SCHOOLS; THEREFORE, THEY ARE NOT REQUIRED TO COMPLETE SCHEDULE E.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE PROVIDED WITH A COPY OF THE FORM 990 ELECTRONICALLY VIA EMAIL FOR REVIEW AND COMMENTS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON COMPENSATION ANALYSIS AND COMPARISON WITH THE POSITION IN SIMILAR CHARTER SCHOOL ORGANIZATIONS. THE COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON COMPENSATION ANALYSIS AND COMPARISON WITH THE POSITIONS IN SIMILAR CHARTER SCHOOL ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR ACTIVITY INCLUDED IN AUDITED FINANCIALS -845,281.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 13:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,280,661
Liabilities
$1,968,190
Net assets
$4,312,471
Revenue
$17,512,119
Expenses
$14,976,648
Net income
$2,535,471
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$2.03$20.2$24.9$18.8$6.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$2.11$14.1$19.0$17.0$2.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.3$4.16$12.1$20.5$14.4$6.19
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.09$2.29$6.80$16.1$13.6$2.47
2020Detailed filing. Detailed filing data is available for this year.$6.28$1.97$4.31$17.5$15.0$2.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.26$0.85$1.78$0.95$0.84
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.13$0.12$0.01