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Nonprofit · EIN 46-4445628

PROMISE ACADEMY SPRING HILL

Tax-exempt · MEMPHIS, TN 38108

Financials

$6.1M$6M2022$6.1M$6.1M2023$6.7M$6.7M2024
Revenue Expenses · by fiscal year end
Financials of PROMISE ACADEMY SPRING HILL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$6,731,688$6,665,435$66,253$3,221,810$867,097$2,354,713
June 30, 2024990$6,143,121$6,106,092$37,029$2,628,338$370,983$2,257,355
June 30, 2023990$6,141,045$6,047,957$93,088$2,457,230$484,589$1,972,641
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$6,700,577
of which government grants
$5,822,355
Program service revenue
$31,111
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$409,151
Other salaries and wages
$2,297,366
Salaries, compensation and benefits (total)
$3,300,182
Professional fundraising fees
$0
Occupancy
$143,175
Depreciation
$186,051
Program services (functional)
$4,010,086
Management and general (functional)
$2,655,349

Balance sheet and other

Total assets, start of year
$2,628,338
Total assets, end of year
$3,221,810
Total liabilities, end of year
$867,097
Net assets, end of year
$2,354,713
Land, buildings and equipment
$1,167,951
Net assets without donor restrictions
$1,839,925
Net assets with donor restrictions
$514,788
Gross receipts
$6,731,688
Employees
65
Volunteers
0
Year formed
2007
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.

NameTitleHours / weekCompensation
PATRICK WASHINGTONEXECUTIVE DIRECTOR
Officer
40$175,885
KIMBRA TURNERCHIEF OF ACADEMICS
Officer
40$128,216
TOBY FINLEYPRINCIPAL
Highest-paid employee
40$105,050
CHARLES C GERBERPRESIDENT, CHAIRMAN
Trustee or director, Officer
1$0
STEPHANIE CHITTOMTREASURER
Trustee or director, Officer
1$0
DIANA BURTONMEMBER
Trustee or director
1$0
JOHNNY MOOREMEMBER
Trustee or director
1$0
FATHER COLENZO HUBBARDMEMBER
Trustee or director
1$0
EMILY R WOODSIDEMEMBER
Trustee or director
1$0
CANDIS DAWSONMEMBER
Trustee or director
1$0
EMMA REDDENMEMBER
Trustee or director
1$0
KATHERINE WHITEMEMBER
Trustee or director
1$0
ANTHONY BRANCHMEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensation
PATRICK WASHINGTONEXECUTIVE DIRECTOR
Officer
40$167,879
KIMBRA TURNERCHIEF OF ACADEMICS
Officer
40$121,707
CHARLES C GERBERPRESIDENT, CHAIRMAN
Trustee or director, Officer
1$0
GRADY GARRISONSECRETARY
Trustee or director, Officer
1$0
STEPHANIE CHITTOMTREASURER
Trustee or director, Officer
1$0
DIANA BURTONMEMBER
Trustee or director
1$0
JOHNNY MOOREMEMBER
Trustee or director
1$0
FATHER COLENZO HUBBARDMEMBER
Trustee or director
1$0
EMILY R WOODSIDEMEMBER
Trustee or director
1$0
CAROL RUSSELLMEMBER
Trustee or director
1$0
PATRICIA EMORY-WALKERMEMBER
Trustee or director
1$0
TERESA HANDYMEMBER
Trustee or director
1$0
MARY COMPROPSTMEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 13 people
NameTitleHours / weekCompensation
PATRICK WASHINGTONEXECUTIVE DIRECTOR
Officer
40$130,440
KIMBRA TURNERCHIEF OF ACADEMICS
Officer
40$103,748
CHARLES C GERBERPRESIDENT, CHAIRMAN
Trustee or director, Officer
1$0
GRADY GARRISONSECRETARY
Trustee or director, Officer
1$0
STEPHANIE CHITTOMTREASURER
Trustee or director, Officer
1$0
DIANA BURTONMEMBER
Trustee or director
1$0
JOHNNY MOOREMEMBER
Trustee or director
1$0
FATHER COLENZO HUBBARDMEMBER
Trustee or director
1$0
EMILY R WOODSIDEMEMBER
Trustee or director
1$0
CAROL RUSSELLMEMBER
Trustee or director
1$0
PATRICIA EMORY-WALKERMEMBER
Trustee or director
1$0
TERESA HANDYMEMBER
Trustee or director
1$0
MARY COMPROPSTMEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1346 BRYAN ST, MEMPHIS, TN 38108-2407
Principal officer (990 for 2024)
PATRICK WASHINGTON, 1346 BRYAN STREET, MEMPHIS, TN 38108
Signed the 990
PATRICK WASHINGTON, EXECUTIVE DIRECTOR
Phone
(901) 324-4456
Return prepared by
THE MARSTON GROUP PLC

Mission

OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST RIGOROUS SCHOOLS.

990 for the year ended June 30, 2025

Program accomplishments

  • OUR CENTRAL AND ONLY WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN SUCCEED IN ANY ACADEMIC OR CULTURAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST RIGOROUS SCHOOLS.
    Expenses $4,010,086 · revenue $31,111

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-4445628
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
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24)
Assets (IRS master file)
$3,221,810
Income (IRS master file)
$6,731,688

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$6,731,688$6,665,435$3,221,810XML
990June 2024$6,143,121$6,106,092$2,628,338XML
990June 2023$6,141,045$6,047,957$2,457,230XML
990June 2022$6,059,655$5,800,673$2,943,439IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 46-4445628).

Questions about PROMISE ACADEMY SPRING HILL

What is the EIN of PROMISE ACADEMY SPRING HILL?
The employer identification number (EIN) of PROMISE ACADEMY SPRING HILL is 46-4445628.
Is PROMISE ACADEMY SPRING HILL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to PROMISE ACADEMY SPRING HILL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PROMISE ACADEMY SPRING HILL 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 PROMISE ACADEMY SPRING HILL 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 PROMISE ACADEMY SPRING HILL 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 PROMISE ACADEMY SPRING HILL?
The 990 for the year ended June 30, 2025 names PATRICK WASHINGTON.
Who are the officers and directors of PROMISE ACADEMY SPRING HILL?
The 990 for the year ended June 30, 2025 lists 13 people; 3 received compensation from the organization, the highest $175,885 (PATRICK WASHINGTON, EXECUTIVE DIRECTOR).
How much revenue does PROMISE ACADEMY SPRING HILL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $6,731,688, expenses of $6,665,435 and total assets of $3,221,810 at year end.

Other nonprofits in MEMPHIS

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