Overview
What is Memphis Business Academy Inc?
Memphis Business Academy Inc, located at 2450 Frayser Blvd in Memphis, Tennessee (38127), is a publicly chartered school authorized by the Shelby County Schools Board of Education. With a mission to enhance academic performance in elementary, middle, and high schools, Memphis Business Academy focuses on improving achievements in Math, Science, Social Studies, and Language Arts with a business/finance emphasis. The organization, with 297 employees, is dedicated to this mission, aiming to provide students with a well-rounded education that prepares them for future success.
Official website here: www.mbacharterschools.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Memphis Business Academy Inc has achieved an impressive 96% rating from Charity Navigator, reflecting their strong commitment to accountability and financial management. This high score is based entirely on their performance in the Accountability & Finance category, indicating that the organization operates with a high level of transparency and integrity in its financial practices.
The organization demonstrates robust governance, with a fully independent board and comprehensive financial oversight measures in place. They have policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to their strong accountability framework. Additionally, their program expense ratio of 70.62% suggests that a significant portion of their resources is directed towards their mission-driven programs.
While Memphis Business Academy Inc showcases exceptional financial health and governance, it is essential for potential donors to consider how these strengths translate into tangible impacts within their community. Overall, the organization stands out as a responsible and well-managed nonprofit, making it a promising candidate for support.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Business Academy Inc legitimate?
Memphis Business Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Business Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $279,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,306,814
For more financial information, click here
Official website here: www.mbacharterschools.org/
What is the mission statement of Memphis Business Academy Inc?
Memphis Business Academy is a public charter school with a mission to enhance the academic performance of students in elementary, middle, and high schools, focusing on subjects such as math, science, social studies, and language arts. The unique aspect of this school is its emphasis on business and finance. The goal is to equip students with a strong foundation in these core subjects, preparing them for future success. The mission of Memphis Business Academy is to foster academic growth and provide students with a well-rounded education.
Official website here: www.mbacharterschools.org/
Who is the CEO of Memphis Business Academy Inc?
Nancy S Reeves is the Secretary of Memphis Business Academy Inc. The CEO's salary of Memphis Business Academy Inc is $182,388 and their total compensation is $206,388.
Official website here: www.mbacharterschools.org/
What is the revenue of Memphis Business Academy Inc?
Memphis Business Academy Inc's revenue in 2023 was $25,443,148.
Official website here: www.mbacharterschools.org/
Who are the executives of Memphis Business Academy Inc and what are their salaries?
The average compensation at Memphis Business Academy Inc during 2023 was $49,111. There are 297 employees and 7 volunteers at Memphis Business Academy Inc.
Here are 10 key members and their salaries (Memphis Business Academy Inc's CEO's salary is $182,388 and their total compensation is $206,388):
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- Compensation: $96,761
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- Compensation: $182,388
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- Other: $24,000
- Compensation: $112,054
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Official website here: www.mbacharterschools.org/
Where can I find the form 990 for Memphis Business Academy Inc?
Memphis Business Academy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mbacharterschools.org/
Learn more at the official website: www.mbacharterschools.org/
Mission Statement of Memphis Business Academy Inc
Memphis Business Academy Inc, a public charter school authorized by the Shelby County Schools Board of Education, is dedicated to enhancing the academic performance of students in elementary, middle, and high schools. With a unique focus on math, science, social studies, and language arts, the school emphasizes a business and finance curriculum to enrich the learning experience. The institution's mission is to elevate the academic achievement of its students in various subjects, offering them a well-rounded education that prepares them for future success. By integrating the business and finance aspect into their academic curriculum, Memphis Business Academy Inc strives to instill crucial skills and knowledge in its students, enabling them to excel in their academic pursuits and beyond.
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Impact
October, 2024
Memphis Business Academy Inc significantly enhances the academic landscape in Memphis by focusing on improving educational outcomes for elementary, middle, and high school students. With a strong emphasis on math, science, social studies, and language arts, the academy integrates a business and finance perspective into its curriculum. This unique approach not only bolsters traditional academic subjects but also prepares students for real-world applications of their knowledge.
By fostering a comprehensive understanding of essential academic areas, Memphis Business Academy Inc empowers students with critical thinking skills and financial literacy, which are crucial for success in today’s economy. The school’s dedication to elevating student performance contributes to closing achievement gaps and promoting long-term academic success, ultimately benefitting the wider Memphis community. Moreover, the focus on business and finance equips students with valuable skills that enhance their career readiness and entrepreneurial potential, making a positive impact on the local economy and workforce development.
This information is meant to be a general summary of Memphis Business Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $361,614
- Program Service Revenue: $746,265
- Gross Receipts: $25,627,202
Assets and Liabilities:
- Total Assets: $39,379,607
- Total Liabilities: $17,016,890
- Net Assets: $22,362,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT SERVICES
Revenue
$746,265
Organization Details
Founding Year
2004
Phone
(901) 358-1651Principal Officer
Nancy S Reeves
Main Address
2450 FRAYSER BLVD, MEMPHIS, TN, 38127
Website
www.mbacharterschools.org/NTEE Category
Code: B29 - Education
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