Nonprofit · EIN 46-1614425
MEMPHIS RISE ACADEMY INC
Tax-exempt · MEMPHIS, TN 38134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,163,455 | $11,404,684 | -$241,229 | $15,977,073 | $12,010,952 | $3,966,121 |
| June 30, 2024 | 990 | $12,119,312 | $12,607,510 | -$488,198 | $16,463,517 | $12,256,167 | $4,207,350 |
| June 30, 2023 | 990 | $11,167,664 | $11,693,534 | -$525,870 | $16,835,373 | $12,139,824 | $4,695,549 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,926,977
- of which government grants
- $1,285,177
- Program service revenue
- $9,227,356
- Investment income
- $0
- Other revenue
- $9,122
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,782
- Other salaries and wages
- $6,320,218
- Salaries, compensation and benefits (total)
- $7,822,004
- Professional fundraising fees
- $0
- Legal fees
- $16,198
- Accounting fees
- $118,872
- Occupancy
- $557,773
- Depreciation
- $400,791
- Program services (functional)
- $8,718,861
- Management and general (functional)
- $2,685,823
Balance sheet and other
- Total assets, start of year
- $16,463,517
- Total assets, end of year
- $15,977,073
- Total liabilities, end of year
- $12,010,952
- Net assets, end of year
- $3,966,121
- Land, buildings and equipment
- $11,376,413
- Net assets without donor restrictions
- $2,050,508
- Net assets with donor restrictions
- $1,915,613
- Gross receipts
- $11,163,455
- Employees
- 117
- Volunteers
- 0
- Year formed
- 2012
- 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 |
|---|---|---|---|---|
| GUS CONNELLY | EXECUTIVE DIRECTOR Officer | 40 | $130,782 | $8,251 |
| CHARLES FOSTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOSH GETTYS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| OSCAR ROMERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NAOMI NUNEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTOR EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SYDEREK WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUS CONNELLY | EXECUTIVE DIRECTOR Officer | 40 | $128,581 | $7,087 |
| REBECCA ELIZABETH VUYLSTEKE | HCE Highest-paid employee | 40 | $112,019 | $0 |
| SYDEREK WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHARLES FOSTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| JOSH GETTYS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| OSCAR ROMERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NAOMI NUNEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTOR EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GUS CONNELLY | EXECUTIVE DIRECTOR Officer | 40 | $123,838 | $13,211 |
| JAMES HAMILTON | BOARD CHAIR Trustee or director | 1 | $0 | $0 |
| CHARLEY FOSTER | TREASURER Trustee or director | 1 | $0 | $0 |
| JOSH GETTYS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| OSCAR ROMERO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SYDEREK WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VICTOR EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5221 RALEIGH LAGRANGE RD, MEMPHIS, TN 38134-5631
- In care of
- % GUS CONNELLY
- Mailing address (990-N for 2013)
- 2248 SHANNON AVE, MEMPHIS TN 38108
- Principal officer (990 for 2024)
- GUS CONNELLY, 5221 RALEIGH LAGRANGE ROAD, MEMPHIS, TN 38134
- Principal officer (990-N for 2013)
- JACK VUYLSSTEKE, 2248 SHANNON AVE, MEMPHIS TN 38108
- Signed the 990
- GUS CONNELLY, EXECUTIVE DIRECTOR
- Phone
- (901) 379-5750
- Website
- MEMPHISRISE.ORG
- Return prepared by
- CROSSLIN PLLC
Mission
TO PROVIDE STUDENTS IN GRADES 6-12 WITH AN EXCELLENT EDUCATION, PREPARING THEM TO PURSUE AMBITIOUS GOALS AND SUCCEED IN COLLEGE.
Program accomplishments
- MEMPHIS RISE ACADEMY IS APPROVED AS A PUBLIC CHARTER SCHOOL OFFERING AN ALTERNATIVE MEANS WITHIN THE PUBLIC SCHOOL SYSTEM FOR ACCOMPLISHING NECESSARY OUTCOMES OF EDUCATION. DURING THE CURRENT YEAR THE SCHOOL HAD AN AVERAGE OF 749 STUDENTS.Expenses $8,718,861 · revenue $9,236,478
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
- 46-1614425
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $15,977,073
- Income (IRS master file)
- $11,163,455
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,163,455 | $11,404,684 | $15,977,073 | XML |
| 990 | June 2024 | $12,119,312 | $12,607,510 | $16,463,517 | XML |
| 990 | June 2023 | $11,167,664 | $11,693,534 | $16,835,373 | XML |
| 990 | June 2022 | $10,468,134 | $9,572,999 | $18,757,324 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: JACK VUYLSSTEKE | June 30, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-1614425).
Questions about MEMPHIS RISE ACADEMY INC
- What is the EIN of MEMPHIS RISE ACADEMY INC?
- The employer identification number (EIN) of MEMPHIS RISE ACADEMY INC is 46-1614425.
- Is MEMPHIS RISE ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to MEMPHIS RISE ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMPHIS RISE ACADEMY INC 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 RISE ACADEMY INC 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 RISE ACADEMY INC 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 RISE ACADEMY INC?
- The 990 for the year ended June 30, 2025 names GUS CONNELLY.
- Who are the officers and directors of MEMPHIS RISE ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $130,782 (GUS CONNELLY, EXECUTIVE DIRECTOR).
- How much revenue does MEMPHIS RISE ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,163,455, expenses of $11,404,684 and total assets of $15,977,073 at year end.
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