2025-02-11T15:53:50-06:00 2024-06-30 261180446 THE MARSTON GROUP PLC 1661 INTERNATIONAL DRIVE SUITE 250 MEMPHIS TN 38120 990 2023-07-01 464445628 PROMISE ACADEMY SPRING HILL INC PROM 9013244456 1346 BRYAN STREET MEMPHIS TN 38108 PATRICK WASHINGTON EXECUTIVE DIRECTOR 9013244456 2025-02-11 1 0 SUSAN M LATTIMORE P00834343 9017613003 2025-02-11 2023 2025-03-06 01:10:19Z PATRICK WASHINGTON 1346 BRYAN STREET MEMPHIS TN 38108 6143121 0 X HTTPS://PROMISEACADEMY.COM X 2007 TN 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. 12 12 64 0 0 0 6098278 5975603 42767 167518 0 0 0 0 6141045 6143121 0 0 0 0 3145578 3120706 0 0 0 2902379 2985386 6047957 6106092 93088 37029 2457230 2628338 484589 370983 1972641 2257355 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. 0 0 4422603 167518 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. 4422603 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 64 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 TN X PATRICK WASHINGTON 9013244456 1346 BRYAN STREET MEMPHIS TN 38108 CHARLES C GERBER PRESIDENT, CHAIRMAN 1.00 X X 0 0 0 GRADY GARRISON SECRETARY 1.00 X X 0 0 0 STEPHANIE CHITTOM TREASURER 1.00 X X 0 0 0 DIANA BURTON MEMBER 1.00 X 0 0 0 JOHNNY MOORE MEMBER 1.00 X 0 0 0 FATHER COLENZO HUBBARD MEMBER 1.00 X 0 0 0 EMILY R WOODSIDE MEMBER 1.00 X 0 0 0 CAROL RUSSELL MEMBER 1.00 X 0 0 0 PATRICIA EMORY-WALKER MEMBER 1.00 X 0 0 0 TERESA HANDY MEMBER 1.00 X 0 0 0 MARY COMPROPST MEMBER 1.00 X 0 0 0 PATRICK WASHINGTON EXECUTIVE DIRECTOR 40.00 X 167879 0 0 KIMBRA TURNER CHIEF OF ACADEMICS 40.00 X 121707 0 0 289586 0 0 2 0 1 0 LAVINIA GROUP LLC 2805 DODD ROAD STE 200 EAGAN MN 55121 PROFESSIONAL LEARNING 221457 DWCH LLC 8786 NORTH CREEK BOULEVARD SOUTHAVEN MS 38671 EDUCATIONAL SUPPORT SERVICES 125000 2 5016833 958770 5975603 EDUCATION CHARGES 611110 167518 167518 167518 6143121 167518 0 0 X 289586 289586 2230615 2016161 214454 600505 480404 120101 2051198 1196733 854465 163936 139346 24590 STAFF DEVELOPMENT 288908 231126 57782 SUPPLIES 240201 184738 55463 UTILITIES 144046 122439 21607 OTHER 51381 38536 12845 45716 13120 32596 6106092 4422603 1683489 0 274873 360438 1052694 663541 1511540 870930 569534 640610 0 69100 560129 894649 2457230 2628338 227179 238641 257410 132342 484589 370983 X 1604976 1878589 367665 378766 1972641 2257355 2457230 2628338 X 37029 247685 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 572065 169692 402373 824609 676674 147935 114866 24564 90302 640610 STABILIZATION RESERVE TRUST 115804 DEFERRED OUTFLOWS 310160 DUE FROM RELATED PARTY 153723 PREPAID EXPENDITURES 52000 PESION ASSET 262962 894649 NET PENSION LIABILITY 57656 LONGTERM LEASE LIABILITY 74686 132342 6143121 0 6143121 0 6143121 6106092 0 6106092 0 6106092 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PROMISE ACADEMY SPRING HILL INC IS NOT A PRIVATE SCHOOL. IT IS A PUBLIC CHARTER SCHOOL AND ACCEPTS STUDENTS OF ALL RACES. SCHEDULE E, PART I, LINE 4 PROMISE ACADEMY SPRING HILL INC IS NOT A PRIVATE SCHOOL. IT IS A PUBLIC CHARTER SCHOOL. NO FEES ARE CHARGED; NO SCHOLARSHIPS NEEDED. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES FUNDS FROM THE ACHIEVEMENT SCHOOL DISTRICT AND THE STATE OF TENNESSEE BASED ON A PER-PUPIL ALLOCATION; THE SCHOOL ALSO RECIEVES FEBERAL TITLE I AND TITLES II FUNDING THAT PROVIDES FINANCIAL ASSISTANCE TO LOW INCOME AREA SCHOOLS; THE SCHOOL RECEIVES IDEA FUNDING FOR THE EDUCATION OF CHILDREN WITH DISABILITIES. ALSO RECEIVES FROM STATE OF TN VIA ASD, VPK, FACILITIES, DISTRICT SCHOOL PRIORITY, OTHER STATE GRANTS. RECEIVES E-RATE FUNDING. 0 0 0 0 0 0 0 0 0 PATRICK WASHINGTON EXECUTIVE DIRECTOR 167879 0 0 0 0 0 0 0 0 0 167879 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AFTER THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, THE RETURN IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS SIGN A STATEMENT ANNUALLY CONFIRMING THEIR COMPLIANCE WITH THE CONFLICTS OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR A POSITION IS DETERMINED AS TO WHAT IS REASONABLE FOR THE EXPERIENCE, EXPERTISE, GEOGRAPHY, AND NEEDS OF THE ORGANIZATION. COMPENSATION IS REVIEWED BY THE BOARD FINANCE COMMITTEE, DISCUSSED AND VOTED ON AT BOARD MEETINGS. THE RESULTING DECISION IS RECORDED IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,196,733. MANAGEMENT AND GENERAL EXPENSES 854,465. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,051,198. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT 247,685. PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR. FORM 990, PART VI, SECTION C, LINE 18: THE ORGANIZATION'S TAX DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PROMISE ACADEMY INC 1346 BRYAN ST MEMPHIS TN 38108 201608155 CHARTER SCHOOL TN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 PROMISE ACADEMY INC 20-1608155 Q 44269 INVOICES SUBMITTED