NonprofitsMemphis Merit Academy

Education

Memphis Merit Academy

MEMPHIS, TN

Total revenue

$6.7M

Total expenses

$6.6M

Net assets

$989K

Grants received

$2.4M

17 grants

EIN

822828471

Tax year

2024

Mission

Memphis merit academy charter school prepares kindergarten through 8th-grade students in memphis for success in high school, college, and life by providing rigorous academics, high-quality instruction, and character development in a supportive school environment.

Financials

FY 2024

Revenue

Contributions & grants$6.5M
Program service revenue$43K
Investment income$29K
Other revenue$163K
Total revenue$6.7M

Expenses

Grants paid
Salaries & benefits$3.5M
Fundraising
Other expenses$3.2M
Total expenses$6.6M
Total assets$13.3M
Net assets$989K

People

9 listed

NameRoleCompensation

LAKENNA R BOOKER

HEAD OF SCHOOL

Board

$143K

40 hrs/wk

TALUNJA PROPHET

VICE CHAIRMAN

Board

4.5 hrs/wk

DIMIKA CAVALIER

SECRETARY

Board

4.5 hrs/wk

JOSEPH MCKINNEY

TREASURER

Board

4.5 hrs/wk

AURELIA MCBRIDE

BOARD CHAIR

Board

4.5 hrs/wk

REID LANIGAN

BOARD MEMBER

Board

2.5 hrs/wk

ROBIN DIXON

BOARD MEMBER

Board

2.5 hrs/wk

TIMORIE BELK

BOARD MEMBER

Board

2.5 hrs/wk

LASHAWN LESTER

BOARD MEMBER

Board

2.5 hrs/wk

Independent contractors

901 REAL ESTATE

PROPERTY MANAGEMENT

$621K

Grants received

Showing 17 of 17

FromAmountPurposeYear
$208K
GENERAL OPERATIONAL SUPPORT
2024
$187K
TO SUPPORT SUMMER BOOST
2024
$113K
IMPACT AND INNOVATION
2024
$100K
CHARTER SCHOOL GROWTH
2024
$100K
EDUCATIONAL SUPPORT
2024
$328K
TO SUPPORT SUMMER BOOST
2023
$150K
IMPACT AND INNOVATION
2023
$100K
IMPACT AND INNOVATION
2023
$100K
CHARTER SCHOOL GROWTH
2023
$73K
IMPACT AND INNOVATION
2023
$52K
IMPACT AND INNOVATION
2023
$200K
CHARTER SCHOOL GROWTH
2022
$264K
GENERAL OPERATIONAL SUPPORT
2021
$75K
CHARTER SCHOOL GROWTH
2021
$68K
SUPPORT FOR GUIDED READING LIBRARIES & CONTINUED K-2 LITERACY TRAINING
2020
$25K
GENERAL OPERATIONAL SUPPORT
2020
$255K
GENERAL OPERATIONAL SUPPORT
2019

Funded by

$2.4M from 5 funders · 17 grants · 2019–2024

Charter Fund Inc

$963K · 9 grants · 2021–2024

Community Foundation

$751K · 4 grants · 2019–2024

50Can Inc

$515K · 2 grants · 2023–2024

Memphis Education Fund Inc

$100K · 1 grant · 2024

Jr Hyde Iii Family Foundation

$68K · 1 grant · 2020

Details

EIN822828471
NTEE codeB29
Subsection03
Ruling date2018-08
Formed2017
Employees96
Volunteers2
MEMPHIS MERIT ACADEMY — Mission, Financials & Grants Received | Grantivo