Totals
- Total revenue
- $5,157,559
- Total expenses
- $5,597,797
- Contributions and grants received
- $5,122,787
- Grants paid
- $0
- Program service revenue
- $21,488
- Investment income
- $13,284
- Other revenue
- $0
- Total assets, end of year
- $8,390,818
- Total liabilities, end of year
- $4,855,401
- Net assets or fund balances, end of year
- $3,535,417
- Program services expenses (Part IX)
- $3,656,270
- Management and general expenses
- $1,941,527
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,656,270
Program services were 65.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$4,642,178
-
1f · All other contributions, gifts and grants
$480,609
-
2a · Program service revenue: UNIFORMS
total $16,014 · related or exempt $16,014
-
2b · Program service revenue: FIELD TRIP INCOME
total $5,049 · related or exempt $5,049
-
2c · Program service revenue: CONCESSIONS
total $275 · related or exempt $275
-
2d · Program service revenue: 8TH GRADE FEES
total $150 · related or exempt $150
-
3 · Investment income
total $13,284 · excluded $13,284
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $188,099 · management and general $188,099
-
7 · Other salaries and wages
total $2,508,965 · program services $1,807,033 · management and general $701,932
-
9 · Other employee benefits
total $596,959 · program services $399,963 · management and general $196,996
-
11g · Fees: other
total $1,287,272 · program services $689,762 · management and general $597,510
-
13 · Office expenses
total $337,588 · program services $146,341 · management and general $191,247
-
22 · Depreciation, depletion and amortization
total $283,350 · program services $255,015 · management and general $28,335
-
24a · Other expenses: DEBT SERVICE AND ISSUAN
total $195,188 · program services $175,669 · management and general $19,519
-
24b · Other expenses: UTILITIES
total $134,607 · program services $121,146 · management and general $13,461
-
24c · Other expenses: OTHER EXPENSES
total $44,284 · program services $39,856 · management and general $4,428
-
24d · Other expenses: EXPENDITURES- INTERNAL
total $21,485 · program services $21,485
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,108,373 · end of year $1,289,647
-
3 · Pledges and grants receivable
beginning of year $1,020,214 · end of year $167,590
-
9 · Prepaid expenses and deferred charges
beginning of year $998,197 · end of year $427,499
-
10a · Land, buildings and equipment: cost or other basis
$6,414,072
-
10b · Land, buildings and equipment: accumulated depreciation
$627,939
-
10c · Land, buildings and equipment, net
beginning of year $5,620,964 · end of year $5,786,133
-
13 · Investments: program-related
beginning of year $113,726 · end of year $143,995
-
14 · Intangible assets
beginning of year $71,157 · end of year $35,579
-
15 · Other assets
beginning of year $544,164 · end of year $540,375
-
17 · Accounts payable and accrued expenses
beginning of year $192,886 · end of year $303,635
-
19 · Deferred revenue
beginning of year $796,309 · end of year $220,795
-
25 · Other liabilities
beginning of year $4,511,945 · end of year $4,330,971
-
27 · Net assets without donor restrictions
beginning of year $2,945,136 · end of year $3,052,132
-
28 · Net assets with donor restrictions
beginning of year $1,030,519 · end of year $483,285
Mission and programs · 2022
Mission
BELIEVE MEMPHIS ACADEMY CHARTER SCHOOL PREPARES SCHOLARS IN GRADES 4 THROUGH 8 WITH THE ACADEMIC RIGOR, ROBUST SUPPORTS, AND LEADERSHIP DEVELOPMENT NECESSARY TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.
Activities or mission (Part I)
BELIEVE MEMPHIS ACADEMY CHARTER SCHOOL PREPARES SCHOLARS IN GRADES 4 THROUGH 8 WITH THE ACADEMIC RIOGR, ROBUST SUPPORTS, AND LEADERSHIP DEVELOPMENT NECESSARY TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.
-
PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCITON 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.
Expenses $3,656,270 · Revenue $21,488
As filed on the 2022 return.
Listed in Part VII
-
Adam CrawfordADAM CRAWFORD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Reggie DavisREGGIE DAVIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Florence JonesFLORENCE JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael MasonMICHAEL MASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alicia NormanALICIA NORMAN
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Brad MoritzBRAD MORITZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan TorresJONATHAN TORRES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evan StephensEVAN STEPHENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ryan VinerRYAN VINER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Greg SpillyardsGREG SPILLYARDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Luke PruettLUKE PRUETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas MarinoTHOMAS MARINO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Danny SongDANNY SONG
EXECUTIVE DIRECTOR
- Total calculated
- $117,683
- From this org
- $117,683
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Tremaine McKinleyTREMAINE MCKINLEY
DIRECTOR OF FINANCE
- Total calculated
- $70,416
- From this org
- $70,416
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441359349303024
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.