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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 2023. Filed on February 11, 2025.

1346 Bryan Street
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 2023 IRS Form 990 filing, Promise Academy Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 71 total employees. Among the employees shown here, the average compensation is $129,678. The highest compensated employee at Promise Academy Inc. is Kiasi Malone with fiscal year 2023 compensation of $143,262.

Revenue, expenses, and employee compensation

Revenue

$5,346,212

Expenses

$5,741,547

Employee compensation

$3,442,536
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kiasi Malone
Chief of Accountability
$143,262
$143,262 No related compNo other comp
Patrick Washington
Executive Director
$130,440
$0 $130,440 No other comp
Elizabeth Bailey
Former Finance Manager
$115,332
$115,332 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Lavinia Group LLC
Professional Learning
$406,600
Joe Mccoy
Painting and Wall Covering
$102,048

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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