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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Promise Academy Inc.

Promise Academy Inc.

Fiscal year ending 2022. Filed on May 15, 2023.

1346 Bryan St
Memphis, Tennessee 38108

Promise Academy Inc. (EIN: 20-1608155) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Promise Academy Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 74 total employees. Among the employees shown here, the average compensation is $137,708. The highest compensated employee at Promise Academy Inc. is Kiasi Malone with fiscal year 2022 compensation of $152,064.

Revenue, expenses, and employee compensation

Revenue

$6,428,391

Expenses

$5,692,124

Employee compensation

$3,461,621
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kiasi Malone
Principal-Pa Hollywood
$152,064
$137,843 No related comp$14,221
Patrick Washington
Highest Compensated Employee
$143,581
$0 $118,350 $25,231
Beth Bailey
Finance and Operations Director
$130,188
$110,816 No related comp$19,372
Kimbra Turner
Highest Compensated Employee
$124,997
$0 $105,517 $19,480

Benchmark Employee Compensation

Non-Employee Board Members

Carol Russell
Director
Charles C Gerber
Chair and President
Diana Burton
Director
Emily R Woodside
Director
Father Colenzo Hubbard
Director
Grady Garrison
Secretary
Johnny Moore
Director
Mary Cornpropst
Finance Committee Member
Patricia Emory-Walker
Director
Stephanie Chittom
Treasurer
Teresa Handy
Director

Contractors

Integrity Mechanical Solutions LLC
Heating and Air Conditioning
$320,179
Tcrs
Retirement
$316,018
Suntrust Bank Purchasing Card
Banking
$248,342
Boys & Girls Clubs of Greater Memphis
Mentoring and Teaching
$166,587
Porter-Leath
Early Childhood
$159,500

Mission Statement

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.

Revisions to this organization profile

February 11, 2025:
2024 Promise Academy Inc. 990 filed
February 11, 2025:
2023 Promise Academy Inc. 990 filed
May 15, 2023:
2022 Promise Academy Inc. 990 filed

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