Memphis Business Academy in Memphis, Tennessee (TN)

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Memphis Business Academy
Employer Identification Number (EIN)201195290
Name of OrganizationMemphis Business Academy
In Care of NameAnthony Anderson
Address2450 Frayser Blvd, Memphis, TN 38127-5823
SubsectionEducational Organization
Ruling Date02/2005
DeductibilityContributions are deductible
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$1,000,000 to $4,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$3,955,402
Amount of Income$6,083,801
Form 990 Revenue Amount$6,083,801
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities:

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Amount of income in 2012: $6,083,801 (it was $5,601,786 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $3,955,402 (it was $3,940,615 in 2011)
Memphis Business Academy: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$6,083,801
Contributions, Gifts, Grants and Other Similar Amounts$6,083,801
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$5,837,560
Compensation of current officers, directors, trustees, and key employees$100,000
Other salaries and wages$3,885,038
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$3,955,402
Total liabilities$1,887,426
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,804,455
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$2,067,976
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$18,358,289
Gifts, grants, contributions, and membership fees received$18,358,289
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$18,358,289
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6Euphemia L Haynes Public Charter School Inc3600 Georgia Ave Nw, Washington, DC 20010-1621DC2004-04$22,160,143
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8D C Preparatory Academy707 Edgewood St Ne, Washington, DC 20017-3341DC2003-01$18,944,285
9Student Success Programs, Charter School Of San Diego6401 Linda Vista Road Room 605, San Diego, CA 92111-7319CA2005-03$16,905,913
10Williamsburg Charter School198 Varet St, Brooklyn, NY 11206-3703NY2004-02$15,844,273
11Edkey Inc1460 S Horne, Mesa, AZ 85204-5760AZ2003-01$15,583,738
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13Memphis Business Academy2450 Frayser Blvd, Memphis, TN 38127-5823TN2005-02$6,083,801
14Gestalt Community Schools3175 Lenox Park Blvd Ste 410, Memphis, TN 38115-4295TN2009-03$5,581,282
15Memphis Academy Of Science And Engineering20 Dudley St Ste 100, Memphis, TN 38103-4912TN2003-05$4,837,272
16Kipp Nashville, Kipp Academy Nashville3410 Knight Dr, Nashville, TN 37207-2306TN2006-02$4,219,977
17Promise Academy1346 Bryan St, Memphis, TN 38108-2401TN2005-04$4,078,288
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19Memphis Academy Of Health Sciences3925 Chelsea Avenue Ext, Memphis, TN 38108-2612TN2004-04$2,455,029
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Number of organizations performing similar types of work
District of Columbia40
North Carolina54
New Hampshire9
New Jersey43
New Mexico2
New York185
Rhode Island10
South Carolina36
Total2,522 is not associated with, endorsed by, or sponsored by Memphis Business Academy and has no official or unofficial affiliation with Memphis Business Academy