Overview
What is Memphis Rise Academy Inc?
Memphis Rise Academy Inc is a nonprofit organization dedicated to providing top-notch education for students in grades 6-12. Their primary mission is to equip these students with the necessary skills and knowledge to aspire to lofty objectives and thrive in higher education. By offering an exceptional educational experience, the academy aims to foster the success of its students beyond their school years.
Official website here: www.memphisrise.org
What are the reviews and ratings of this charity?
Memphis Rise Academy Inc has earned a Three-Star out of Four Star rating from Charity Navigator, achieving an overall score of 79%. This rating primarily reflects the organization's strong accountability and finance practices, showcasing 100% independent board membership, excellent audit scores, and compliance with key policies. However, the rating's limitations stem from the absence of evaluations in crucial areas such as impact measurement, culture, and leadership adaptability, leaving potential donors with an incomplete picture of the organization's effectiveness.
The organization's financial health appears strong, with a healthy program expense ratio of 71.23%, indicating a significant portion of its budget is dedicated to its core mission. Nonetheless, the lack of accessibility to their tax forms on their website is a notable drawback, as transparency is a critical factor for potential supporters who wish to understand the full scope of Memphis Rise Academy's operations.
There are currently no user reviews available from GreatNonprofits to provide additional insights or sentiments from the community or beneficiaries regarding the organization. This absence may limit prospective donors' ability to gauge the organization's on-the-ground impact and overall community perception.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Rise Academy Inc legitimate?
Memphis Rise Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Rise 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: $101,909
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,958,682
For more financial information, click here
Official website here: www.memphisrise.org
What is the mission statement of Memphis Rise Academy Inc?
Memphis Rise Academy Inc's mission is centered around providing a top-notch education to students in grades 6-12. The primary objective is to equip these students with the necessary skills to aspire towards lofty objectives and excel in their college endeavors. The academy strives to deliver an outstanding educational experience that sets its students on a path towards achieving their ambitions.
Official website here: www.memphisrise.org
Who is the CEO of Memphis Rise Academy Inc?
Gus Connelly is the Strategic Advisor of Memphis Rise Academy Inc.
Official website here: www.memphisrise.org
What is the revenue of Memphis Rise Academy Inc?
Memphis Rise Academy Inc's revenue in 2022 was $10,468,134.
Official website here: www.memphisrise.org
Who are the executives of Memphis Rise Academy Inc and what are their salaries?
The average compensation at Memphis Rise Academy Inc during 2022 was $51,639. There are 98 employees at Memphis Rise Academy Inc.
Here are 8 key members and their salaries:
- Compensation: $131,786
- Related: $0
- Other: $12,074
- Compensation: $104,986
- Related: $0
- Other: $10,440
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memphisrise.org
Where can I find the form 990 for Memphis Rise Academy Inc?
Memphis Rise Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphisrise.org
Learn more at the official website: www.memphisrise.org
Mission Statement of Memphis Rise Academy Inc
Memphis Rise Academy Inc, a nonprofit organization, is dedicated to providing students in grades 6-12 with an exceptional education. Their mission is to prepare these students for ambitious goals and ensure their success in college. By delivering high-quality education, the academy aims to equip these young individuals with the necessary skills and knowledge to pursue their aspirations.
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Impact
July, 2024
Memphis Rise Academy Inc is positively shaping the futures of students in grades 6-12 by providing them with an excellent education. By preparing these students to pursue ambitious goals and succeed in college, Memphis Rise Academy is making a direct impact on the academic and personal development of young individuals in Memphis, TN. Through its focused mission of delivering quality education, the academy is equipping students with the knowledge and skills they need to thrive in higher education and beyond. This commitment to educational excellence is reflected in the tangible success stories of students who have graduated from Memphis Rise Academy ready to take on the challenges of the future.
This information is meant to be a general summary of Memphis Rise 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 2022.
- Investment Income: $185
- Program Service Revenue: $7,106,751
- Gross Receipts: $10,468,134
Assets and Liabilities:
- Total Assets: $18,757,324
- Total Liabilities: $13,535,905
- Net Assets: $5,221,419
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCS PER-PUPIL ALLOCATIONS
Revenue
$7,106,751
Organization Details
Founding Year
2012
Phone
(901) 379-5750Principal Officer
Gus Connelly
Main Address
5221 RALEIGH LAGRANGE ROAD, MEMPHIS, TN, 38134
Website
www.memphisrise.orgNTEE Category
Code: B99 - Education
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