Tennessee Scholar Academies
- Assets
- $4.2m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Memphis, TN
- Founding
- 08/2016
- Data as of
- 06/2020
- EIN
- 81-2796759
Organization Overview
Tennessee Scholar Academies is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2020, Tennessee Scholar Academies employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Scholar Academies 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 06/2020, Tennessee Scholar Academies generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.1m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
A SCHOOL MANAGEMENT ORGANIZATION OVER MEMPHIS SCHOLARS, A NETWORK OF THREE PUBLIC CHARTER SCHOOLS OFFERING A WHOLE-CHILD EDUCATION TO STUDENTS IN GRADES PK-8TH GRADE THROUGH THE ACHIEVEMENT SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 180+ DAYS OF PREK-8 EDUCATION TO OVER 1,000 STUDENTS IN MEMPHIS, TN.
PROVIDED 180+ DAYS OF PREK-8 EDUCATION TO OVER 1,000 STUDENTS IN MEMPHIS, TN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Dennis Executive Director | Officer | 40 | $128,743 |
Janai Douglas Managing Director, Program | Officer | 40 | $106,500 |
Erika Mcmahan School Director, Mssc | Officer | 40 | $98,750 |
Angela Jones School Director | Officer | 40 | $98,400 |
Angela Goodin Managing Director, Finance | Officer | 40 | $91,500 |
Nycole Alston Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sla Management Student Nutritional Provider | 6/29/20 | $399,232 |
Enriched Schools Substitute Teacher Staffing | 6/29/20 | $381,532 |
Stellar Therapies Special Eduction Related Service | 6/29/20 | $192,562 |
Parcou Janitorial | 6/29/20 | $322,532 |
Sla Management Student Nutritional Provider | 6/29/20 | $399,232 |
Enriched Schools Substitute Teacher Staffing | 6/29/20 | $381,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,185,793 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $9,853,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $606,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,565,055 |
| Pension plan accruals and contributions | $341,841 |
| Other employee benefits | $562,834 |
| Payroll taxes | $306,884 |
| Fees for services: Management | $188,698 |
| Fees for services: Legal | $4,783 |
| Fees for services: Accounting | $102,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $783,583 |
| Advertising and promotion | $22,768 |
| Office expenses | $0 |
| Information technology | $142,565 |
| Royalties | $0 |
| Occupancy | $922,221 |
| Travel | $4,683 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,151 |
| Insurance | $64,429 |
| All other expenses | $0 |
| Total functional expenses | $9,123,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,449,728 |
| Savings and temporary cash investments | $250,127 |
| Pledges and grants receivable | $198,788 |
| Accounts receivable, net | $534,873 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $178,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,098,803 |
| Total assets | $4,237,856 |
| Accounts payable and accrued expenses | $85,585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $650,624 |
| Total liabilities | $736,209 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,501,647 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Scholar Academies has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |