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 201608155 PROMISE ACADEMY 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 5290516 0 X HTTP://PROMISEACADEMY.COM X 2004 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 REGOROUS SCHOOLS. 11 11 66 0 0 0 5067377 5009363 268013 255672 10822 25481 0 0 5346212 5290516 0 0 0 0 3442536 3062272 0 0 0 2299011 2506356 5741547 5568628 -395335 -278112 4499082 4194373 1120556 1093959 3378526 3100414 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 REGOROUS SCHOOLS. 0 0 4139186 255672 OUR CENTRAL WORK IS TO TEACH AND INSPIRE THE MIND, BODY AND SPIRIT OF OUR CHILDREN SO THAT THEY CAN RISE ABOVE THE REST AND SUCCEED IN ANY ACADEMIC AND CULTRAL SETTING. PROMISE ACADEMY IS COMMITTED TO PREPARING CHILDREN TO EXCEL IN THE NATION'S MOST RIGOROUS SCHOOLS. THE SCHOOL PROVIDES AN ALTERNATIVE MEANS WITHIN THE PUBLIC SCHOOL SYSTEM TO ACCOMPLISH NECESSARY OUTCOMES OF EDUCATION. 4139186 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 25 0 66 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X THE ORGANIZATION 9013244456 1346 BRYAN STREET MEMPHIS TN 38108 CHARLES 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 BOARD MEMBER 1.00 X 0 0 0 JOHNNY MOORE BOARD MEMBER 1.00 X 0 0 0 COLENZO HUBBARD BOARD MEMBER 1.00 X 0 0 0 EMILY WOODSIDE BOARD MEMBER 1.00 X 0 0 0 CAROL RUSSELL BOARD MEMBER 1.00 X 0 0 0 PATRICIA EMORY-WALKER BOARD MEMBER 1.00 X 0 0 0 TERESA HANDY BOARD MEMBER 1.00 X 0 0 0 MARY CORNPROPST BOARD MEMBER 1.00 X 0 0 0 PATRICK WASHINGTON EXECUTIVE DIRECTOR 40.00 X 0 167879 0 KIASI MALONE CHIEF OF ACCOUNTABILITY 40.00 X 151536 0 0 WILLIE RICHARDSON CHIEF OF TECHNOLOGY 40.00 X 100734 0 0 252270 167879 0 2 0 1 0 LAVINIA GROUP LLC 2805 DODD RD STE 200 EAGAN MN 55121 PROFESSIONAL LEARNING 221457 DWCH LLC 8786 NORTH CREEK BOULEVARD APT 13- SOUTHAVEN MS 38671 VARIOUS SERVICES 125000 2 3984798 1024565 5009363 EDUCATION CHARGES 611110 255672 255672 255672 25481 25481 5290516 255672 0 25481 X 332022 332022 2072680 1923762 148918 657570 526056 131514 1278684 695466 583218 42737 38463 4274 100396 90356 10040 51822 46640 5182 252703 227433 25270 STAFF DEVELOPMENT 383530 383530 SUPPLIES AND MATERIALS 333133 180190 152943 OTHER EXPENSES 50067 14006 36061 INTERNAL SCHOOL FUNDS 13284 13284 5568628 4139186 1429442 0 435349 354672 608907 575391 42441 50809 2931969 1123699 1640474 1808270 91178 108725 105902 79426 1574831 1217080 4499082 4194373 353899 423168 109454 510067 435846 147136 234945 1120556 1093959 X 2668186 2369513 710340 730901 3378526 3100414 4499082 4194373 -278112 0 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111764 111764 1819557 332469 1487088 761681 650143 111538 238967 141087 97880 1808270 NET PENSION ASSET 622176 DEFERRED OUTFLOWS 594904 1217080 NET PENSION LIABILITY 81222 DUE TO RELATED PARTIES 153723 234945 5290516 0 5290516 0 5290516 5568628 0 5568628 0 5568628 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 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 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 GRANTS RECEIVED FROM THE ESSER GRANTS, THE STATE OF TENNESSEE, SHELBY COUNTY TENNESSEE PER PUPIL ALLOCATION, AND TITLE 1 GRANTS TO LOCAL AGENCIES. 0 0 0 0 0 0 0 0 0 PATRICK WASHINGTON EXECUTIVE DIRECTOR 0 167879 0 0 0 0 0 0 0 0 0 167879 0 0 KIASI MALONE CHIEF OF ACCOUNTABILITY 151536 0 0 0 0 0 0 0 0 0 151536 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 CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 695,466. MANAGEMENT AND GENERAL EXPENSES 583,218. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,278,684. 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 SPRING HILL INC 1346 BRYAN STREET MEMPHIS TN 38108 464445628 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 1 0 0 0 PROMISE ACADEMY SPRING HILL INC 46-4445628 P 44269 INVOICES SUBMITTED