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Filing year 2024

THE INNOVATION ACADEMY INC

Memphis, Tennessee·EIN 46-5120132·NTEE B29 · Education·3
Total revenue
$5.6M
Total assets
$5.2M
Total expenses
$5.2M
Reported officers
9
Mission

TO CREATE, ENHANCE AND SUSTAIN OPPORTUNITIES FOR THE CHILDREN AND FAMILIES OF MEMPHIS THROUGH THE COLLABORATIVE DESIGN, IMPLEMENTATION, AND INTEGRATION OF QUALITY EDUCATIONAL EXPERIENCES, CAREER AWARENESS AND SUPPORT SERVICES THAT LEAD TO ACADEMIC SUCCESS, FAMILY PRESERVATION, AND COMMUNITY PROSPERITY.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Executive Director
$141k
$150k
Director of Finance
$91k
$96k
Chief Academic Officer
officer (unspecified)
$19k
$20k

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 6 unpaid individuals.

Browse compensation in Education

Held roughly steady
over 2 years

From $138k in 2022 to $141k in 2024.

$138k
2022
$138k
2023
$141k
2024
In today's dollarsEst.
Down 4% in real terms$157k to $150k

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.

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

Revenue and expenses over time

THE INNOVATION ACADEMY INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$5.7M
$5M
2022
$6.9M
$6M
2023
$5.6M
$5.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Tennessee

Comparable education organizations in Tennessee pay their highest-earning executive a median of $102,768.

25th percentile
$52k
Median
$102,768
75th percentile
$228k
90th percentile
$401k

These are education sector-wide figures, not this organization's reported pay. Based on 176 organizations across 176 filings (2022 – 2023).

See full Education pay data for Tennessee
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