BELIEVE MEMPHIS ACADEMY INC

EIN: 813760198 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$7,152,766
Total Expenses
$6,789,493
Total Assets
$7,851,699
Net Assets
$3,295,377
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TN
Principal Officer
KENNY GREEN
Phone
9018817970
Tax Period
2024-07-01 to 2025-06-30

BELIEVE MEMPHIS ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 5% surplus.

Mission

BELIEVE MEMPHIS ACADEMY CHARTER SCHOOL PREPARES SCHOLARS IN GRADES K-8 WITH THE ACADEMIC RIGOR, ROBUST SUPPORTS, AND LEADERSHIP DEVELOPMENT NECESSARY TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,111,633
Program Service Revenue $39,000
Investment Income $2,133
Other Revenue $0
TOTAL REVENUE $7,152,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,793,285
Fundraising Expenses $0
Program Expenses $4,491,392
Other Expenses $2,996,208
TOTAL EXPENSES $6,789,493

Year-over-Year Comparison

2024 2023 Change
Revenue $7,152,766 $5,833,604 +0.2%
Expenses $6,789,493 $6,436,917 +0.1%
Net Income $363,273 $-603,313 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
57
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$216,220
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA NORMAN CHAIR 1.00
Officer Director
$0 $0 $0
BRAD MORITZ SECRETARY 1.00
Officer Director
$0 $0 $0
EVAN STEPHENS BOARD MEMBER 1.00
Director
$0 $0 $0
FLORENCE JONES VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JONATHAN TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MASON BOARD MEMBER 1.00
Director
$0 $0 $0
DIANE REED BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMY TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN BUFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JAZMIN CAUSEY BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY EBER BOARD MEMBER 1.00
Director
$0 $0 $0
MATT COWAN EXECUTIVE DIRECTOR 40.00
Officer
$127,265 $0 $127,265
KENNY GREEN DIRECTOR OF FINANCE & OPER 40.00
Officer
$88,955 $0 $88,955
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $7,152,766 $6,789,493 $7,851,699 $363,273
2024 $5,833,604 $6,436,917 $7,697,196 $-603,313
2023 $5,157,559 $5,597,797 $8,390,818 $-440,238
2022 $8,064,736 $6,375,493 $9,476,795 $1,689,243
2021 $5,873,256 $4,182,497 $2,457,072 $1,690,759
2020 $3,210,971 $3,365,621 $1,357,198 $-154,650
2019 $2,935,023 $2,693,925 $812,941 $241,098
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