2025-12-22T07:29:47-06:00 2025-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2024-07-01 822828471 MEMPHIS MERIT ACADEMY INC MEMP 9016173690 4075 AMERICAN WAY MEMPHIS TN 38118 LAKENNA BOOKER EXECUTIVE DIRECTOR 9016173690 2025-12-19 1 1 RICHARD A SWOPE P00590766 9016834234 2025-12-19 2024 2025-03-06 01:10:19Z LAKENNA BOOKER 4075 AMERICAN WAY MEMPHIS TN 38118 6689747 0 X WWW.MEMPHISMERITACADEMY.ORG/ X 2017 TN 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. 8 8 96 2 0 0 5344568 6454719 40573 43473 37139 28626 218060 162929 5640340 6689747 0 0 0 0 2813426 3459115 0 0 0 3039656 3152954 5853082 6612069 -212742 77678 13931915 13276096 13072553 12287510 859362 988586 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. 0 0 4134745 206402 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. 4134745 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 33 0 1 96 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X THE ORGANIZATION 9016173690 4775 AMERICAN WAY MEMPHIS TN 38118 AURELIA MCBRIDE BOARD CHAIR 4.50 X 0 0 0 TALUNJA PROPHET VICE CHAIRMAN 4.50 X X 0 0 0 DIMIKA CAVALIER SECRETARY 4.50 X X 0 0 0 JOSEPH MCKINNEY TREASURER 4.50 X X 0 0 0 LASHAWN LESTER BOARD MEMBER 2.50 X 0 0 0 REID LANIGAN BOARD MEMBER 2.50 X 0 0 0 ROBIN DIXON BOARD MEMBER 2.50 X 0 0 0 TIMORIE BELK BOARD MEMBER 2.50 X 0 0 0 LAKENNA R BOOKER HEAD OF SCHOOL 40.00 X 143046 0 0 143046 0 0 1 0 0 0 901 REAL ESTATE 9045 FOREST CENTRE DR GERMANTOWN TN 38138 PROPERTY MANAGEMENT 620589 1 5798616 656103 6454719 SUPPLEMENTAL PROGRAMS 611710 43473 43473 43473 28626 28626 162929 0 162929 162929 162929 6689747 206402 0 28626 250750 161723 89027 2601295 1677726 923569 397856 256600 141256 209214 134934 74280 21708 788 20920 11435 415 11020 26275 954 25321 423418 15368 408050 265193 97424 167769 173783 130337 43446 792990 713691 79299 437565 393808 43757 UTILITIES 317453 285708 31745 SECURITY 281630 10222 271408 STUDENT ACTIVITIES 128551 96413 32138 TEXTBOOKS 81187 29826 51361 191766 128808 62958 6612069 4134745 2477324 0 1215643 802756 71069 170609 37867 12615936 1642780 11126903 10973156 95078 1423222 1291708 13931915 13276096 884955 237783 12187598 12049727 13072553 12287510 X 509491 636901 349871 351685 859362 988586 13931915 13276096 X 77678 51546 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 499000 499000 10809550 411749 10397801 1026799 1026798 1 186385 170857 15528 94202 33376 60826 10973156 TCRS STABILIZATION RESERVE TRUST 99240 NET PENSION ASSET 505321 DEFERRED OUTFLOWS 257244 LEASES RECEIVABLE 429903 1291708 NOTE PAYABLE 11387146 DEFFERRED INFLOWS 662581 12049727 X 6689747 0 6689747 0 6689747 6612069 0 6612069 0 6612069 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF THE SCHOOL TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE SCHOOL HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL MEET REV. PROC. 75-50, 1975-2 C.B. 587 SECTION 4.0 (2)C BY DRAWING STUDENTS FROM LOCAL COMMUNITIES. THE SCHOOL CURRENTLY HAS A MAJORITY MINORITY PERCENTAGE OF STUDENTS ENROLLED. SCHEDULE E, PART 1, LINE 6 GRANTS RECEIVED UNDER THE U.S. DEPARTMENT OF EDUCATION PUBLIC CHARTER SCHOOLS GRANT PROGRAM, SHELBY COUNTY TENNESSEE PER PUPIL ALLOCATION, AND TITLE 1 GRANTS TO LOCAL AGENCIES. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO DISCLOSE CONFLICTS OF INTEREST AS A CONDITION OF BOARD MEMBERSHIP. EMPLOYEES SIGN A FRAUD REPORTING AGREEMENT THAT COMPELS THEM TO REPORT ANY KNOWN MISAPPROPRIATION OF FUNDS OR RESOURCES BY AN EMPLOYEE OR BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYEE COMPENSATION IS BASED ON COMPENSATION SCHEDULE USED BY OTHER CHARTER SCHOOLS IN MEMPHIS, TN AND NASHVILLE, TN. THE COMPENSATION SCHEDULE WAS APPROVED BY THE SHELBY COUNTY UNIFIED SCHOOL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS USED BY THE COMMITTEE TO OVERSEE THE AUDIT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART XI, LINE 2C DURING THE CURRENT YEAR, THE ORGANIZATION RECORDED A PRIOR PERIOD ADJUSTMENT OF $51,546 RELATING TO RIGHT-OF-USE ASSETS. MEMPHIS MERIT ACADEMY REAL ESTATE LLC 4775 AMERICAN WAY MEMPHIS TN 38118 921695287 CONSTRUCTION AND OWNERSHIP OF SCHOOL'S BUILDING AND FACILITIES TN 183311 403442 MEMPHIS MERIT ACADEMY