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Filing year 2024

MEMPHIS MERIT ACADEMY INC

Memphis, Tennessee·EIN 82-2828471·NTEE B29 · Education·501(c)(3)
Total revenue
$6.7M
Total assets
$13.3M
Total expenses
$6.6M
Reported officers
9
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.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Head of School
Officer (Unspecified)
$143k
$152k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MEMPHIS MERIT ACADEMY INC equaled 2% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
2%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 22%
over 2 years

From $118k in 2022 to $143k in 2024.

$118k
2022
$119k
2023
$143k
2024
In today's dollarsEst.
Up 13% in real terms$134k to $152k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Operating Officer pay fell 1% from 2022 to 2023, while revenue rose 24%.

$84k in 2022 to $83k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MEMPHIS MERIT ACADEMY INC

What are MEMPHIS MERIT ACADEMY INC's revenue and expenses?

In 2024, MEMPHIS MERIT ACADEMY INC reported $6.7M in total revenue and $6.6M in total expenses on its IRS Form 990.

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