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Nonprofiteer
← MEMPHIS BUSINESS ACADEMY

Form 990 for tax year 2023

Filed by MEMPHIS BUSINESS ACADEMY.

Totals

Total revenue
$27,944,632
Total expenses
$25,837,211
Contributions and grants received
$27,037,030
Grants paid
$0
Program service revenue
$412,167
Investment income
$344,064
Other revenue
$151,371
Total assets, end of year
$40,313,462
Total liabilities, end of year
$15,843,324
Net assets or fund balances, end of year
$24,470,138
Program services expenses (Part IX)
$15,865,667
Management and general expenses
$9,971,544
Fundraising expenses
$0
Program service expenses (Part III)
$15,865,667

Program services were 61.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ZACHARY BEASLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • SIRGREGORY THORNTON

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • TONY REEDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSE CASTRO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALICIA CALDWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • YOLANDA COX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTIN MCCAIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIANN GIBSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY S REEVES

    CFO

    Total calculated
    $125,532
    From this org
    $125,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • ANTHONY ANDERSON

    CO CEO

    Total calculated
    $249,964
    From this org
    $201,364
    From related orgs
    $0
    Other
    $48,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,364
    Bonus
    $0
    Other
    $0
    Deferred
    $10,217
    Nontaxable benefits
    $38,383
    Filer's total
    $249,964

  • APRIL BOBO

    CO CEO

    Total calculated
    $180,301
    From this org
    $153,901
    From related orgs
    $0
    Other
    $26,400
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,901
    Bonus
    $0
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $18,400
    Filer's total
    $180,301

  • NOAH GORDON

    SCHOOL LEADER

    Total calculated
    $117,000
    From this org
    $102,219
    From related orgs
    $0
    Other
    $14,781
    Hours/week
    1

  • SYLVIA GRAY

    DIRECTOR OF COMPLIANCE

    Total calculated
    $114,736
    From this org
    $110,001
    From related orgs
    $0
    Other
    $4,735
    Hours/week
    1

  • TAMATHA SMITH

    SCHOOL LEADER

    Total calculated
    $128,750
    From this org
    $118,290
    From related orgs
    $0
    Other
    $10,460
    Hours/week
    1

  • GERMAINE THURMAN

    CHIEF OF ACADEMIC OFFICER

    Total calculated
    $114,030
    From this org
    $114,030
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • DR MENTHIA P BRADLEY

    FORMER COO

    Total calculated
    $132,613
    From this org
    $124,218
    From related orgs
    $0
    Other
    $8,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,218
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,395
    Filer's total
    $132,613

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 January 2025
IRS schema version
2023v6.0
Source object
202540159349300609

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