Memphis Business Academy
Memphis Business Academy reported $25.6 million in revenue and $25.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $60.36 went to program services, $39.64 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 97.6% of the total. Government grants made up 97.1%. The highest compensation it reported for one person was $241,121 (CO-CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 20% between FY2021 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $25MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $26MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 60.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 39.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 97.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $241,121 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.97% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 9 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.0 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CO-CEO Officer, 40.00 hrs/week | $204,340 | $0 | $36,781 | $241,121 |
| CO-CEO Officer, 40.00 hrs/week | $155,576 | $0 | $28,004 | $183,580 |
| DIRECTOR OF PRE-K AND HUMAN RESOURCES Highest compensated employee, 40.00 hrs/week | $125,144 | $0 | $22,526 | $147,670 |
| CHIEF OF ACADEMIC OFFICER Highest compensated employee, 40.00 hrs/week | $114,885 | $0 | $20,679 | $135,564 |
| DIRECTOR OF COMPLIANCE Highest compensated employee, 1.00 hrs/week | $112,533 | $0 | $20,256 | $132,789 |
| CFO Officer, 40.00 hrs/week | $132,190 | $0 | $0 | $132,190 |
| SCHOOL LEADER Highest compensated employee, 40.00 hrs/week | $111,322 | $0 | $20,038 | $131,360 |
| SCHOOL LEADER Highest compensated employee, 40.00 hrs/week | $110,531 | $0 | $19,896 | $130,427 |
9 people received more than $100,000 in reportable compensation from Memphis Business Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $569K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5329
- Volunteers Part I, line 612
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FAITH UNITED METHODIST CHURCH Building rent | $201,858 |
| LEGACY OF LEGENDS CDC Student services | $198,500 |
| POWERSCHOOL GROUP LLC Information systems | $103,546 |
| EVERON Security | $100,995 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Memphis Business Academy totaling $5,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Memphis Business Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Memphis Business Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Memphis Business Academy spent in FY2025, $60.36 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Institute for Better EducationTucson, AZ · revenue $26M · programs 92.1% · FY2025
- Roger Williams University School of LawBristol, RI · revenue $26M · programs 91.3% · FY2025
- The Pine SchoolHobe Sound, FL · revenue $26M · programs 80.6% · FY2025
- Talladega CollegeTalladega, AL · revenue $26M · programs 63.2% · FY2025
- Mylan Park FoundationMorgantown, WV · revenue $26M · programs 82.6% · 2024
Questions people ask
How much of Memphis Business Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Memphis Business Academy reported that 60.4% of its $25.0 million in expenses went to program services, 39.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Memphis Business Academy pay its top executive?
The largest total compensation Memphis Business Academy reported for one person in the fiscal year ending June 30, 2025 was $241,121, for the role of CO-CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Memphis Business Academy get its money?
Of $25.6 million in revenue in the fiscal year ending June 30, 2025, 97.6% came from contributions and grants (including 97.1% from government grants) and 1.2% from program service revenue (Form 990, Part VIII).
Is Memphis Business Academy a registered charity?
The IRS lists EIN 20-1195290 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202543579349300449 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540159349300609 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202440249349301404 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321289349302632 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221099349300002 · read the filing
All filings for EIN 20-1195290: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.