Overview
What is Believe Memphis Academy Inc?
Believe Memphis Academy Inc, located in Memphis, Tennessee, is a nonprofit organization committed to providing a comprehensive educational experience for students in grades 4 through 8. Their mission is to nurture academic growth, offer robust support systems, and foster leadership skills, enabling scholars to excel in high school, thrive in college, and lead fulfilling lives. With a team of 92 dedicated individuals, Believe Memphis Academy Charter School aims to instill a rigorous academic environment that equips students for future success.
Official website here: www.believememphisacademy.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)**
Believe Memphis Academy Inc has earned a Three-Star rating with a score of 84%, indicating solid performance in accountability and finance. The rating is based entirely on the Accountability & Finance beacon, demonstrating the organization’s commitment to transparency and responsible fiscal management. With a fully independent board and a solid audit trail, the organization reflects a good governance structure.
The strengths highlighted include the organization's 100% independent board members, comprehensive conflict of interest policies, and a robust document retention protocol, which all contribute to a highly accountable organization. However, there are some areas needing improvement; specifically, the organization has not posted its tax forms on its website, which detracts from its transparency score.
There were no user reviews from GreatNonprofits available to provide insights into the community's sentiment towards Believe Memphis Academy Inc. This lack of user feedback means that while the organization exhibits strong financial health and governance, the perspectives of those served or impacted by the organization remain unreported.
This AI summary has been generated from information found on Charity Navigator.
Is Believe Memphis Academy Inc legitimate?
Believe Memphis Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Believe Memphis 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: $326,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,652,947
For more financial information, click here
Official website here: www.believememphisacademy.org
What is the mission statement of Believe Memphis Academy Inc?
Believe Memphis Academy Inc, a charter school, is committed to preparing scholars in grades 4 through 8 with the necessary academic rigor, robust supports, and leadership development to excel in high school, thrive in college, and lead fulfilling lives filled with opportunities. Their mission is accomplished through providing an educational curriculum and instruction, aiming to develop academic acumen and leadership skills in their students. The school emphasizes both academic excellence and personal growth, laying a strong foundation for their students' future success.
Official website here: www.believememphisacademy.org
What is the revenue of Believe Memphis Academy Inc?
Believe Memphis Academy Inc's revenue in 2024 was $5,833,604.
Official website here: www.believememphisacademy.org
Who are the executives of Believe Memphis Academy Inc and what are their salaries?
The average compensation at Believe Memphis Academy Inc during 2024 was $46,553. There are 64 employees and 40 volunteers at Believe Memphis Academy Inc.
Here are 11 key members and their salaries:
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- Compensation: $147,295
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Official website here: www.believememphisacademy.org
Where can I find the form 990 for Believe Memphis Academy Inc?
Believe Memphis Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.believememphisacademy.org
Learn more at the official website: www.believememphisacademy.org
Mission Statement of Believe Memphis Academy Inc
Believe Memphis Academy Inc, a charter school, is dedicated to preparing scholars in grades 4 through 8 with the academic rigor, robust supports, and leadership development essential for them to excel in high school, thrive in college, and lead fulfilling lives. The mission of this organization is to equip its students with the necessary skills to succeed academically and beyond. This is achieved through providing an educational curriculum and instruction, aiming to foster academic acumen and leadership abilities in the students. The ultimate goal is to empower them to excel in high school, thrive in college, and lead lives filled with opportunities.
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Impact
July, 2024
Believe Memphis Academy Inc's impact is evident in the transformation of scholars in grades 4 through 8, equipping them with academic rigor, robust support, and leadership development. Through its educational curriculum and instruction, the organization fosters academic acumen and leadership skills essential for students to excel in high school, thrive in college, and lead lives full of opportunity. Located in Memphis, TN, Believe Memphis Academy is dedicated to preparing scholars for success in their academic journey and beyond.
This information is meant to be a general summary of Believe Memphis 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 2024.
- Investment Income: $5,029
- Program Service Revenue: $22,356
- Gross Receipts: $5,833,604
Assets and Liabilities:
- Total Assets: $9,476,795
- Total Liabilities: $5,501,140
- Net Assets: $3,975,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION CHARGES
Revenue
$22,356
Organization Details
Founding Year
2017
Principal Officer
Kenny Green
NTEE Category
Code: B29 - Education
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