Nonprofit · EIN 20-1195290
MEMPHIS BUSINESS ACADEMY
Tax-exempt · MEMPHIS, TN 38127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $25,554,680 | $24,975,729 | $578,951 | $41,343,323 | $16,294,234 | $25,049,089 |
| June 30, 2024 | 990 | $27,944,632 | $25,837,211 | $2,107,421 | $40,313,462 | $15,843,324 | $24,470,138 |
| June 30, 2023 | 990 | $25,443,148 | $23,477,775 | $1,965,373 | $39,379,607 | $17,016,890 | $22,362,717 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $24,934,035
- of which government grants
- $24,815,297
- Program service revenue
- $302,481
- Investment income
- $245,535
- Net rental income
- $72,629
- Net gain from sales of assets
- $48,544
- Other revenue
- $72,629
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $568,753
- Other salaries and wages
- $14,156,214
- Salaries, compensation and benefits (total)
- $17,566,642
- Professional fundraising fees
- $0
- Legal fees
- $12,472
- Accounting fees
- $114,071
- Occupancy
- $1,256,934
- Travel
- $359,855
- Depreciation
- $1,332,806
- Program services (functional)
- $15,076,258
- Management and general (functional)
- $9,899,471
Balance sheet and other
- Total assets, start of year
- $40,313,462
- Total assets, end of year
- $41,343,323
- Total liabilities, end of year
- $16,294,234
- Net assets, end of year
- $25,049,089
- Land, buildings and equipment
- $14,241,240
- Net assets without donor restrictions
- $18,722,193
- Net assets with donor restrictions
- $6,326,896
- Gross receipts
- $25,721,185
- Employees
- 329
- Volunteers
- 12
- Year formed
- 2004
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| REV ANTHONY ANDERSON | CO-CEO Officer | 40 | $204,340 | $36,781 |
| APRIL BOBO | CO-CEO Officer | 40 | $155,576 | $28,004 |
| MENTHIA BRADLEY | DIRECTOR OF PRE-K AND HUMAN RESOURCES Highest-paid employee | 40 | $125,144 | $22,526 |
| GERMAINE THURMAN | CHIEF OF ACADEMIC OFFICER Highest-paid employee | 40 | $114,885 | $20,679 |
| SYLVIA GRAY | DIRECTOR OF COMPLIANCE Highest-paid employee | 1 | $112,533 | $20,256 |
| NANCY S REEVES | CFO Officer | 40 | $132,190 | $0 |
| TAMIRA MAGEE | SCHOOL LEADER Highest-paid employee | 40 | $111,322 | $20,038 |
| NOAH GORDON | SCHOOL LEADER Highest-paid employee | 40 | $110,531 | $19,896 |
| TAMATHA SMITH | SCHOOL LEADER Highest-paid employee | 40 | $121,130 | $7,268 |
| ZACHARY BEASLEY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SIRGREGORY THORNTON | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| TONY REEDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSE CASTRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALICIA CALDWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YOLANDA COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN MCCAIN | TRUSTEE Trustee or director | 1 | $0 |
| BRIANN GIBSON | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTHONY ANDERSON | CO CEO Officer | 40 | $201,364 | $48,600 |
| APRIL BOBO | CO CEO Officer | 40 | $153,901 | $26,400 |
| DR MENTHIA P BRADLEY | FORMER COO Former | 40 | $124,218 | $8,395 |
| TAMATHA SMITH | SCHOOL LEADER Highest-paid employee | 1 | $118,290 | $10,460 |
| NANCY S REEVES | CFO Officer | 40 | $125,532 | $0 |
| NOAH GORDON | SCHOOL LEADER Highest-paid employee | 1 | $102,219 | $14,781 |
| SYLVIA GRAY | DIRECTOR OF COMPLIANCE Highest-paid employee | 1 | $110,001 | $4,735 |
| GERMAINE THURMAN | CHIEF OF ACADEMIC OFFICER Highest-paid employee | 1 | $114,030 | $0 |
| ZACHARY BEASLEY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SIRGREGORY THORNTON | BOARD CHAIRMAN Trustee or director, Officer | 5 | $0 | $0 |
| TONY REEDER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOSE CASTRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| ALICIA CALDWELL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YOLANDA COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN MCCAIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BRIANN GIBSON | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANTHONY ANDERSON | CEO Officer | 40 | $182,388 | $24,000 |
| DR MENTHIA P BRADLEY | FORMER COO Former | 40 | $112,054 | $0 |
| NANCY S REEVES | CFO Officer | 40 | $96,761 | $0 |
| ZACHARY BEASLEY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| SIRGREGORY THORNTON | VICE-PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| TONY REEDER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JOSE CASTRO | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GLENDA CLARK | TRUSTEE Trustee or director | 1 | $0 | $0 |
| YOLANDA COX | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARTIN MCCAIN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2450 FRAYSER BLVD, MEMPHIS, TN 38127-5823
- In care of
- % ANTHONY ANDERSON
- Principal officer (990 for 2024)
- NANCY S REEVES, 2450 FRAYSER BLVD, MEMPHIS, TN 38127
- Signed the 990
- NANCY S REEVES, CFO
- Phone
- (901) 358-1651
- Return prepared by
- CANNON WRIGHT BLOUNT PLLC
Mission
MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.
Program accomplishments
- THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.Expenses $15,076,258 · revenue $351,025
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1195290
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $41,343,323
- Income (IRS master file)
- $25,721,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $25,554,680 | $24,975,729 | $41,343,323 | XML |
| 990 | June 2024 | $27,944,632 | $25,837,211 | $40,313,462 | XML |
| 990 | June 2023 | $25,443,148 | $23,477,775 | $39,379,607 | XML |
| 990 | June 2022 | $24,582,080 | $19,834,000 | $45,128,254 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1195290).
Questions about MEMPHIS BUSINESS ACADEMY
- What is the EIN of MEMPHIS BUSINESS ACADEMY?
- The employer identification number (EIN) of MEMPHIS BUSINESS ACADEMY is 20-1195290.
- Is MEMPHIS BUSINESS ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to MEMPHIS BUSINESS ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMPHIS BUSINESS ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMPHIS BUSINESS ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS BUSINESS ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MEMPHIS BUSINESS ACADEMY?
- The 990 for the year ended June 30, 2025 names NANCY S REEVES.
- Who are the officers and directors of MEMPHIS BUSINESS ACADEMY?
- The 990 for the year ended June 30, 2025 lists 17 people; 9 received compensation from the organization, the highest $204,340 (REV ANTHONY ANDERSON, CO-CEO).
- How much revenue does MEMPHIS BUSINESS ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $25,554,680, expenses of $24,975,729 and total assets of $41,343,323 at year end.
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