NonprofitsMemphis Business Academy

Education

Memphis Business Academy

MEMPHIS, TN

Total revenue

$25.6M

Total expenses

$25.0M

Net assets

$25.0M

Grants received

$1.6M

15 grants

EIN

201195290

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$24.9M
Program service revenue$302K
Investment income$246K
Other revenue$73K
Total revenue$25.6M

Expenses

Grants paid
Salaries & benefits$17.6M
Fundraising
Other expenses$7.4M
Total expenses$25.0M
Total assets$41.3M
Net assets$25.0M

People

17 listed

NameRoleCompensation

REV ANTHONY ANDERSON

CO-CEO

Board

$204K

40 hrs/wk

APRIL BOBO

CO-CEO

Board

$156K

40 hrs/wk

NANCY S REEVES

CFO

Board

$132K

40 hrs/wk

BRIANN GIBSON

TRUSTEE

Board

1 hrs/wk

MARTIN MCCAIN

TRUSTEE

Board

1 hrs/wk

YOLANDA COX

TRUSTEE

Board

1 hrs/wk

ALICIA CALDWELL

TRUSTEE

Board

1 hrs/wk

JOSE CASTRO

TRUSTEE

Board

1 hrs/wk

TONY REEDER

TRUSTEE

Board

1 hrs/wk

SIRGREGORY THORNTON

BOARD CHAIRMAN

Board

5 hrs/wk

ZACHARY BEASLEY

SECRETARY

Board

5 hrs/wk

MENTHIA BRADLEY

DIRECTOR OF PRE-K AND HUMAN RESOURCES

Staff

$125K

40 hrs/wk

TAMATHA SMITH

SCHOOL LEADER

Staff

$121K

40 hrs/wk

GERMAINE THURMAN

CHIEF OF ACADEMIC OFFICER

Staff

$115K

40 hrs/wk

SYLVIA GRAY

DIRECTOR OF COMPLIANCE

Staff

$113K

1 hrs/wk

TAMIRA MAGEE

SCHOOL LEADER

Staff

$111K

40 hrs/wk

NOAH GORDON

SCHOOL LEADER

Staff

$111K

40 hrs/wk

Independent contractors

FAITH UNITED METHODIST CHURCH

BUILDING RENT

$202K

LEGACY OF LEGENDS CDC

STUDENT SERVICES

$199K

CANNON WRIGHT BLOUNT

FINANCIAL STATEMENT AUDIT/TAX RETURN PRE

$130K

POWERSCHOOL GROUP LLC

INFORMATION SYSTEMS

$104K

EVERON

SECURITY

$101K

Grants received

Showing 15 of 15

FromAmountPurposeYear
$434K
TO SUPPORT SUMMER BOOST
2024
$245K
TO SUPPORT SUMMER BOOST
2023
$20K
GENERAL SUPPORT
2023
$17K
TO SUPPORT BROADBAND/TECHNOLOGY NEEDS OF THE ORGANIZATION
2023
$20K
EDUCATIONAL SUPPORT
2022
$20K
EDUCATIONAL SUPPORT
2022
$25K
GENERAL OPERATIONAL SUPPORT
2021
$11K
SUPPORT FOR TUTORING PROGRAMS
2021
$2K
GENERAL OPERATING SUPPORT
2021
$640
GENERAL OPERATING SUPPORT
2021
$250K
CHARTER SCHOOL GROWTH
2018
$200K
CHARTER SCHOOL GROWTH
2018
$3K
GENERAL OPERATIONAL SUPPORT
2018

Funded by

$1.6M from 9 funders · 15 grants · 2018–2024

50Can Inc

$679K · 2 grants · 2023–2024

Charter Fund Inc

$450K · 2 grants · 2018

Harmony Plaza Real Estate Inc

$228K · 1 grant · 2020

Memphis Education Fund Inc

$40K · 2 grants · 2022

Community Foundation

$28K · 2 grants · 2018–2021

Building Hope Impact Fund Inc

$20K · 1 grant · 2023

Details

EIN201195290
NTEE codeB29
Subsection03
Ruling date2005-02
Formed2004
Employees329
Volunteers12
MEMPHIS BUSINESS ACADEMY — Mission, Financials & Grants Received | Grantivo