Memphis Business Academy

Organization Overview

Memphis Business Academy is located in Memphis, TN. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Memphis Business Academy employed 297 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Business Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Memphis Business Academy generated $25.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $23.5m during the year ending 06/2023. While expenses have increased by 13.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Zachary Beasley
Secretary
$0
Sirgregory Thornton
Vice-President
$0
Tony Reeder
Chairman
$0
Jose Castro
Trustee
$0
Glenda Clark
Trustee
$0
Yolanda Cox
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $24,085,504
All other contributions, gifts, grants, and similar amounts not included above$35,107
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$24,120,611
Total Program Service Revenue$746,265
Investment income $361,614
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $214,658
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,443,148

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