Nonprofit · EIN 46-5120132
THE INNOVATION ACADEMY INC
Tax-exempt · MEMPHIS, TN 38128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,584,595 | $5,235,944 | $348,651 | $5,194,220 | $1,067,606 | $4,126,614 |
| June 30, 2024 | 990 | $6,871,705 | $6,023,343 | $848,362 | $4,660,203 | $882,241 | $3,777,962 |
| June 30, 2023 | 990 (amended) | $5,651,930 | $5,014,256 | $637,674 | $4,065,155 | $1,135,555 | $2,929,600 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,515,627
- of which government grants
- $5,288,489
- Program service revenue
- $20,396
- Investment income
- $0
- Other revenue
- $48,572
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $358,109
- Other salaries and wages
- $2,677,134
- Salaries, compensation and benefits (total)
- $3,754,221
- Professional fundraising fees
- $0
- Depreciation
- $332,977
- Program services (functional)
- $3,373,391
- Management and general (functional)
- $1,862,553
Balance sheet and other
- Total assets, start of year
- $4,660,203
- Total assets, end of year
- $5,194,220
- Total liabilities, end of year
- $1,067,606
- Net assets, end of year
- $4,126,614
- Land, buildings and equipment
- $126,591
- Net assets without donor restrictions
- $3,209,122
- Net assets with donor restrictions
- $917,492
- Gross receipts
- $5,584,595
- Employees
- 76
- Volunteers
- 40
- Year formed
- 2014
- 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 |
|---|---|---|---|
| PAMELA M BROWN | EXECUTIVE DIRECTOR Officer | 40 | $141,359 |
| VENITA MARTIN-ANDREWS | DIRECTOR OF FINANCE Officer | 40 | $90,766 |
| EFFIE JENKINS-SMITH | CHIEF ACADEMIC OFFICER Officer | 40 | $19,045 |
| NICOLE TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| OCTAVIA BROWNRIDGE | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILEY BROWN CPA | TREASURER Trustee or director, Officer | 1 | $0 |
| DR BILL ADKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| DR CHARLES INGRAM | BOARD MEMBER Trustee or director | 1 | $0 |
| AMY MANNING | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA M BROWN | EXECUTIVE DIRECTOR Officer | 40 | $138,442 |
| WAYNE WOODARD | PRINCIPAL Highest-paid employee | 40 | $108,181 |
| VENITA MARTIN-ANDREWS | DIRECTOR OF SCHOOL FINANCE Officer | 40 | $86,487 |
| EFFIE JENKINS-SMITH | CHIEF ACADEMIC OFFICER Officer | 40 | $24,445 |
| NICOLE TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| OCTAVIA BROWNRIDGE | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILEY BROWN CPA | TREASURER Trustee or director, Officer | 1 | $0 |
| DR BILL ADKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| DR CHARLES INGRAM | BOARD MEMBER Trustee or director | 1 | $0 |
| AMY MANNING | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAMELA M BROWN | EXECUTIVE DIRECTOR Officer | 40 | $137,526 |
| VENITA MARTIN-ANDREWS | DIRECTOR OF SCHOOL FINANCE Officer | 40 | $71,052 |
| EFFIE JENKINS-SMITH | CHIEF ACADEMIC OFFICER Officer | 40 | $24,445 |
| NICOLE TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| OCTAVIA BROWNRIDGE | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILEY BROWN CPA | TREASURER Trustee or director, Officer | 1 | $0 |
| DR BILL ADKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| DR CHARLES INGRAM | BOARD MEMBER Trustee or director | 1 | $0 |
| AMY MANNING | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3034 OLD AUSTIN PEAY HWY, MEMPHIS, TN 38128-5649
- In care of
- % NATALIE WILLIAMS
- Principal officer (990 for 2024)
- VENITA MARTIN-ANDREWS, 3824 AUSTIN PEAY HWY, MEMPHIS, TN 38138
- Signed the 990
- VENITA MARTIN-ANDREWS, DIRECTOR OF FINANCE
- Phone
- (901) 305-3819
- Website
- WWW.GTWACADEMY.COM
- 990-N for 2014 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: NATALIE WILLIAMS, 3034 OLD AUSTIN PEAY HWY, MEMPHIS TN 381285649. Mailing address: 3824 AUSTIN PEAY HIGHWAY, MEMPHIS TN 38128.
- Return prepared by
- THE MARSTON GROUP PLC
Mission
TO CREATE, ENHANCE AND SUSTAIN OPPORTUNITIES FOR THE CHILDREN AND FAMILIES OF MEMPHIS THROUGH THE COLLABORATIVE DESIGN, IMPLEMENTATION, AND INTEGRATION OF QUALITY EDUCATIONAL EXPERIENCES, CAREER AWARENESS AND SUPPORT SERVICES THAT LEAD TO ACADEMIC SUCCESS, FAMILY PRESERVATION, AND COMMUNITY PROSPERITY.
Program accomplishments
- TO CREATE, ENHANCE AND SUSTAIN OPPORTUNITIES FOR THE CHILDREN AND FAMILIES OF MEMPHIS THROUGH THE COLLABORATIVE DESIGN, IMPLEMENTATION, AND INTEGRATION OF QUALITY EDUCATIONAL EXPERIENCES, CAREER AWARENESS AND SUPPORT SERVICES THAT LEAD TO ACADEMIC SUCCESS, FAMILY PRESERVATION, AND COMMUNITY PROSPERITY.Expenses $3,373,391 · revenue $68,968
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
- 46-5120132
- 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 (B29)
- Assets (IRS master file)
- $5,194,220
- Income (IRS master file)
- $5,584,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,584,595 | $5,235,944 | $5,194,220 | XML |
| 990 | June 2024 | $6,871,705 | $6,023,343 | $4,660,203 | XML |
| 990 | June 2023 | $5,651,930 | $5,014,256 | $4,065,155 | XML |
| 990 | June 2022 | $5,375,258 | $4,664,213 | $3,617,030 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: NATALIE WILLIAMS Filed under this EIN, most likely by a chapter or affiliate | December 31, 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 46-5120132).
Questions about THE INNOVATION ACADEMY INC
- What is the EIN of THE INNOVATION ACADEMY INC?
- The employer identification number (EIN) of THE INNOVATION ACADEMY INC is 46-5120132.
- Is THE INNOVATION ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE INNOVATION ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE INNOVATION 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 THE INNOVATION 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 THE INNOVATION 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 THE INNOVATION ACADEMY INC?
- The 990 for the year ended June 30, 2025 names VENITA MARTIN-ANDREWS.
- Who are the officers and directors of THE INNOVATION ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 3 received compensation from the organization, the highest $141,359 (PAMELA M BROWN, EXECUTIVE DIRECTOR).
- How much revenue does THE INNOVATION ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,584,595, expenses of $5,235,944 and total assets of $5,194,220 at year end.
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