NonprofitsThe Innovation Academy Inc

Education

The Innovation Academy Inc

MEMPHIS, TN

Total revenue

$5.6M

Total expenses

$5.2M

Net assets

$4.1M

Grants received

$194K

2 grants

EIN

465120132

Tax year

2024

Mission

To create, enhance and sustain opportunities for the children and families of memphis through the collaborative design, implementation, and integration of quality educational experiences, career awareness and support services that lead to academic success, family preservation, and community prosperity.

Financials

FY 2024

Revenue

Contributions & grants$5.5M
Program service revenue$20K
Investment income
Other revenue$49K
Total revenue$5.6M

Expenses

Grants paid
Salaries & benefits$3.8M
Fundraising
Other expenses$1.5M
Total expenses$5.2M
Total assets$5.2M
Net assets$4.1M

People

9 listed

NameRoleCompensation

PAMELA M BROWN

EXECUTIVE DIRECTOR

Board

$141K

40 hrs/wk

VENITA MARTIN-ANDREWS

DIRECTOR OF FINANCE

Board

$91K

40 hrs/wk

EFFIE JENKINS-SMITH

CHIEF ACADEMIC OFFICER

Board

$19K

40 hrs/wk

DR BILL ADKINS

BOARD MEMBER

Board

1 hrs/wk

NICOLE TAYLOR

PRESIDENT

Board

1 hrs/wk

AMY MANNING

BOARD MEMBER

Board

1 hrs/wk

DR CHARLES INGRAM

BOARD MEMBER

Board

1 hrs/wk

OCTAVIA BROWNRIDGE

SECRETARY

Board

1 hrs/wk

WILEY BROWN CPA

TREASURER

Board

1 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$194K
TO SUPPORT SUMMER BOOST
2024
$700
SCHOLARSHIP
2020

Funded by

$194K from 2 funders · 2 grants · 2020–2024

50Can Inc

$194K · 1 grant · 2024

Eastman Foundation

$700 · 1 grant · 2020

Details

EIN465120132
NTEE codeB29
Subsection03
Ruling date2014-07
Formed2014
Employees76
Volunteers40
THE INNOVATION ACADEMY INC — Mission, Financials & Grants Received | Grantivo