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Nonprofit · EIN 82-2828471

MEMPHIS MERIT ACADEMY

Tax-exempt · MEMPHIS, TN 38118

Financials

$4.5M$4.4M2022$5.6M$5.9M2023$6.7M$6.6M2024
Revenue Expenses · by fiscal year end
Financials of MEMPHIS MERIT ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$6,689,747$6,612,069$77,678$13,276,096$12,287,510$988,586
June 30, 2024990$5,640,340$5,853,082-$212,742$13,931,915$13,072,553$859,362
June 30, 2023990$4,545,144$4,395,049$150,095$4,151,763$3,066,049$1,085,714
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$6,454,719
of which government grants
$5,798,616
Program service revenue
$43,473
Investment income
$28,626
Net rental income
$162,929
Other revenue
$162,929

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$250,750
Other salaries and wages
$2,601,295
Salaries, compensation and benefits (total)
$3,459,115
Professional fundraising fees
$0
Legal fees
$11,435
Accounting fees
$26,275
Depreciation
$437,565
Program services (functional)
$4,134,745
Management and general (functional)
$2,477,324

Balance sheet and other

Total assets, start of year
$13,931,915
Total assets, end of year
$13,276,096
Total liabilities, end of year
$12,287,510
Net assets, end of year
$988,586
Land, buildings and equipment
$10,973,156
Net assets without donor restrictions
$636,901
Net assets with donor restrictions
$351,685
Gross receipts
$6,689,747
Employees
96
Volunteers
2
Year formed
2017
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
LAKENNA R BOOKERHEAD OF SCHOOL
Officer
40$143,046
AURELIA MCBRIDEBOARD CHAIR
Trustee or director
4.5$0
TALUNJA PROPHETVICE CHAIRMAN
Trustee or director, Officer
4.5$0
DIMIKA CAVALIERSECRETARY
Trustee or director, Officer
4.5$0
JOSEPH MCKINNEYTREASURER
Trustee or director, Officer
4.5$0
LASHAWN LESTERBOARD MEMBER
Trustee or director
2.5$0
REID LANIGANBOARD MEMBER
Trustee or director
2.5$0
ROBIN DIXONBOARD MEMBER
Trustee or director
2.5$0
TIMORIE BELKBOARD MEMBER
Trustee or director
2.5$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
LAKENNA BOOKERHEAD OF SCHOOL
Officer
40$118,672
BETTY MCCLINEDIRECTOR OF OPERATIONS
Officer
40$83,454
ANGELIA ALLENBOARD TREASURER
Trustee or director, Officer
1$0
TIMORIE BELKBOARD SECRETARY
Trustee or director, Officer
1$0
DIMIKA CAVALIERBOARD MEMBER
Trustee or director
1$0
TRESSA JOHNSONBOARD MEMBER
Trustee or director
1$0
LASHAWN LESTERBOARD MEMBER
Trustee or director
1$0
AURELIA MCBRIDEBOARD VICE CHAIR
Trustee or director, Officer
1$0
JOSEPH MCKINNEYBOARD MEMBER
Trustee or director
1$0
MELISSA MOOREBOARD CHAIR
Trustee or director, Officer
1$0
TALUNJA PROPHETBOARD MEMBER
Trustee or director
1$0
STACEY RICHARDSBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensation
LAKENNA BOOKERHEAD OF SCHOOL
Officer
40$117,720
BETTY MCCLINEDIRECTOR OF OPERATIONS
Officer
40$84,353
ANGELIA ALLENBOARD TREASURER
Trustee or director, Officer
1$0
TIMORIE BELKBOARD SECRETARY
Trustee or director, Officer
1$0
DIMIKA CAVALIERBOARD MEMBER
Trustee or director
1$0
TRESSA JOHNSONBOARD MEMBER
Trustee or director
1$0
LASHAWN LESTERBOARD MEMBER
Trustee or director
1$0
AURELIA MCBRIDEBOARD VICE CHAIR
Trustee or director, Officer
1$0
JOSEPH MCKINNEYBOARD MEMBER
Trustee or director
1$0
MELISA MOOREBOARD CHAIR
Trustee or director, Officer
1$0
TALUNJA PROPHETBOARD MEMBER
Trustee or director
1$0
STACEY RICHARDSBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
4075 AMERICAN WAY, MEMPHIS, TN 38118-8302
In care of
% LAKENNA BOOKER
Principal officer (990 for 2024)
LAKENNA BOOKER, 4075 AMERICAN WAY, MEMPHIS, TN 38118
Signed the 990
LAKENNA BOOKER, EXECUTIVE DIRECTOR
Phone
(901) 617-3690
Return prepared by
HENDERSON HUTCHERSON & MCCULLOUGH PLLC

Mission

MEMPHIS MERIT ACADEMY CHARTER SCHOOL PREPARES KINDERGARTEN THROUGH 8TH-GRADE STUDENTS IN MEMPHIS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE BY PROVIDING RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION, AND CHARACTER DEVELOPMENT IN A SUPPORTIVE SCHOOL ENVIRONMENT.

990 for the year ended June 30, 2025

Program accomplishments

  • PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO DEVELOP ACADEMIC ACUMEN AND LEADERSHIP SKILLS NECESSARY FOR STUDENTS TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.
    Expenses $4,134,745 · revenue $206,402

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
82-2828471
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
2018
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$13,276,096
Income (IRS master file)
$6,689,747

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$6,689,747$6,612,069$13,276,096XML
990June 2024$5,640,340$5,853,082$13,931,915XML
990June 2023$4,545,144$4,395,049$4,151,763XML
990June 2022$3,378,082$3,150,437$2,579,395IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 82-2828471).

Questions about MEMPHIS MERIT ACADEMY

What is the EIN of MEMPHIS MERIT ACADEMY?
The employer identification number (EIN) of MEMPHIS MERIT ACADEMY is 82-2828471.
Is MEMPHIS MERIT ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to MEMPHIS MERIT ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MEMPHIS MERIT 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 MERIT 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 MERIT 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 MERIT ACADEMY?
The 990 for the year ended June 30, 2025 names LAKENNA BOOKER.
Who are the officers and directors of MEMPHIS MERIT ACADEMY?
The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $143,046 (LAKENNA R BOOKER, HEAD OF SCHOOL).
How much revenue does MEMPHIS MERIT ACADEMY have?
On its 990 for the year ended June 30, 2025 it reported revenue of $6,689,747, expenses of $6,612,069 and total assets of $13,276,096 at year end.

Other nonprofits in MEMPHIS

All nonprofits in MEMPHIS · Tennessee · Education