2026-01-29T15:42:07-06:00 2025-06-30 261180446 THE MARSTON GROUP PLC 1661 INTERNATIONAL DRIVE SUITE 250 MEMPHIS TN 38120 990 2024-07-01 464445628 PROMISE ACADEMY SPRING HILL INC PROM 9013244456 1346 BRYAN STREET MEMPHIS TN 38108 PATRICK WASHINGTON EXECUTIVE DIRECTOR 9013244456 2026-01-28 1 1 SUSAN M LATTIMORE P00834343 9017613003 2026-01-28 2024 2025-03-06 01:10:19Z PATRICK WASHINGTON 1346 BRYAN STREET MEMPHIS TN 38108 6731688 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. 10 10 65 0 0 0 5975603 6700577 167518 31111 0 0 0 0 6143121 6731688 0 0 0 0 3120706 3300182 0 0 0 2985386 3365253 6106092 6665435 37029 66253 2628338 3221810 370983 867097 2257355 2354713 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 4010086 31111 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. 4010086 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 65 1 0 0 0 0 0 0 0 0 0 0 X 10 10 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 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 CANDIS DAWSON MEMBER 1.00 X 0 0 0 EMMA REDDEN MEMBER 1.00 X 0 0 0 KATHERINE WHITE MEMBER 1.00 X 0 0 0 ANTHONY BRANCH MEMBER 1.00 X 0 0 0 PATRICK WASHINGTON EXECUTIVE DIRECTOR 40.00 X 175885 0 0 KIMBRA TURNER CHIEF OF ACADEMICS 40.00 X 128216 0 0 TOBY FINLEY PRINCIPAL 40.00 X 105050 0 0 409151 0 0 3 0 1 0 INTEGRITY MECHANICAL SOLUTIONS LLC 6694 FLETCHER CREEK COVE MEMPHIS TN 38133 COMMERCIAL HVAC 437733 BENNETT ROOFING AND RESTORATION LLC 6142 HWY 14 SOUTH BRIGHTON TN 38011 ROOFING AND RESTORATION 236976 LAVINIA GROUP LLC 2805 DODD ROAD STE 200 EAGAN MN 55121 PROFESSIONAL LEARNING 225230 FIRST CHOICE ENTERTAINMENT LLC 1048 CROSS WOOD LANE CORDOVA TN 38018 ENTERTAINMENT SERVICES 174850 DWCH LLC 8786 NORTH CREEK BOULEVARD SOUTHAVEN MS 38671 EDUCATIONAL SUPPORT SERVICES 134561 6 5822355 878222 6700577 EDUCATION CHARGES 611110 31111 31111 31111 6731688 31111 0 0 X 409151 409151 2297366 2165214 132152 593665 474932 118733 2329674 537460 1792214 143175 121699 21476 292983 234386 58597 10442 10442 186051 158143 27908 SUPPLIES 312087 248238 63849 OTHER 83307 62480 20827 7534 7534 6665435 4010086 2655349 0 360438 652333 663541 599242 2201899 1033948 640610 1167951 69100 46067 894649 756217 2628338 3221810 238641 408222 231534 132342 227341 370983 867097 X 1878589 1839925 378766 514788 2257355 2354713 2628338 3221810 66253 31105 0 X X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1262424 250981 1011443 824609 743159 81450 114866 39808 75058 1167951 STABILIZATION RESERVE TRUST 174591 DEFERRED OUTFLOWS 241429 PESION ASSET 340197 756217 NET PENSION LIABILITY 105534 LONGTERM LEASE LIABILITY 121807 227341 6731688 0 6731688 0 6731688 6665435 0 6665435 0 6665435 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 175885 0 0 0 0 0 0 0 0 0 175885 0 0 0 PROMISE ACADEMY INC RELATED PARTY OVERHEAD EXPENSES PAID ON BEHALF X 231534 0 0 0 231534 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 537,460. MANAGEMENT AND GENERAL EXPENSES 1,792,214. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,329,674. 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 231534 INVOICES SUBMITTED