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Nonprofiteer
← TENNESSEE CAREER ACADEMY INC

Form 990 for tax year 2024

Filed by TENNESSEE CAREER ACADEMY INC.

Totals

Total revenue
$665,260
Total expenses
$745,843
Contributions and grants received
$665,260
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$259,972
Total liabilities, end of year
$78,450
Net assets or fund balances, end of year
$181,522
Program services expenses (Part IX)
$641,582
Management and general expenses
$74,584
Fundraising expenses
$29,677
Program service expenses (Part III)
$641,582

Program services were 86.0% 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)

    $379,567

  • 1f · All other contributions, gifts and grants

    $285,693

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $170,251 · program services $144,713 · management and general $17,025 · fundraising $8,513

  • 7 · Other salaries and wages

    total $156,625 · program services $133,131 · management and general $15,663 · fundraising $7,831

  • 8 · Pension plan contributions

    total $30,542 · program services $25,961 · management and general $3,054 · fundraising $1,527

  • 9 · Other employee benefits

    total $16,897 · program services $14,362 · management and general $1,690 · fundraising $845

  • 10 · Payroll taxes

    total $25,592 · program services $21,753 · management and general $2,559 · fundraising $1,280

  • 11c · Fees: accounting

    total $4,117 · program services $3,499 · management and general $412 · fundraising $206

  • 11g · Fees: other

    total $78,526 · program services $66,747 · management and general $7,853 · fundraising $3,926

  • 13 · Office expenses

    total $5,720 · program services $4,861 · management and general $573 · fundraising $286

  • 14 · Information technology

    total $5,121 · program services $4,353 · management and general $512 · fundraising $256

  • 16 · Occupancy

    total $152,307 · program services $137,076 · management and general $15,231

  • 17 · Travel

    total $7,171 · program services $6,095 · management and general $717 · fundraising $359

  • 20 · Interest

    total $38 · program services $32 · management and general $4 · fundraising $2

  • 23 · Insurance

    total $18,765 · program services $15,950 · management and general $1,877 · fundraising $938

  • 24a · Other expenses: STUDENT RECRUITMENT & C

    total $23,999 · program services $20,399 · management and general $2,400 · fundraising $1,200

  • 24b · Other expenses: UTILITIES

    total $21,165 · program services $17,990 · management and general $2,117 · fundraising $1,058

  • 24c · Other expenses: FACILITIES - EQUIPMENT

    total $18,215 · program services $15,482 · management and general $1,822 · fundraising $911

  • 24d · Other expenses: DECORUM & IMPROVEMENTS

    total $3,976 · program services $3,379 · management and general $398 · fundraising $199

  • 24e · All other expenses

    total $6,816 · program services $5,799 · management and general $677 · fundraising $340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,083 · end of year $87,028

  • 3 · Pledges and grants receivable

    beginning of year $15,750 · end of year $54,967

  • 4 · Accounts receivable

    beginning of year $110,610

  • 9 · Prepaid expenses and deferred charges

    end of year $8,550

  • 15 · Other assets

    beginning of year $0 · end of year $109,427

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,338 · end of year $78,450

  • 27 · Net assets without donor restrictions

    beginning of year $262,105 · end of year $181,522

Mission and programs · 2024

Mission

TO BE THE TOP-RATED PROVIDER OF WORLD-READY GRADUATES IN THE SOUTH BY COMBINING HIGH-PERFORMANCE CORE CURRICULUM WITH CAREER-FOCUSED TRAINING AND EXPERIENCES.

  • TENNESSEE CAREER ACADEMY WILL FOCUS ON FOUNDATIONAL CORE CURRICULUM AND CAREER AND TECHNICAL EDUCATION. IT WILL OFFER FOUR PATHWAYS FOR STUDENTS: BUSINESS & COMMUNICATIONS, ENGINEERING & ADVANCED MANUFACTURING, HEALTH & HUMAN SERVICES, AND SKILLED TRADES. INITIAL CAREER AND TECHNICAL EDUCATION PROGRAM OFFERINGS WILL BE IN CYBERSECURITY, WEB DESIGN, INDUSTRIAL MAINTENANCE TECHNOLOGY, MECHATRONICS, EARLY CHILDHOOD TEACHING, NURSING SERVICES, RESIDENTIAL AND COMMERCIAL CONSTRUCTION, AND MECHANICAL, ELECTRICAL, AND PLUMBING (MEP) SYSTEMS.

    Expenses $641,582

As filed on the 2024 return.

Listed in Part VII

  • Tom Marino

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Octavius Nickson

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Andy Davis

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dorsey Hopson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elliot Perry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Charles Gerber

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Beverly Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tate Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dr John R Barker

    EXECUTIVE DIRECTOR

    Total calculated
    $192,075
    From this org
    $180,000
    From related orgs
    $0
    Other
    $12,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,075 related
    Filer's total
    $180,000 + $12,075 related
  • Meah King

    FOUNDER AND HEAD OF SCHOOL

    Total calculated
    $169,470
    From this org
    $141,896
    From related orgs
    $0
    Other
    $27,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,896
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,574 related
    Filer's total
    $141,896 + $27,574 related

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

  • 3 · Written employment contract

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202610489349300716

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