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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 2024. 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 2024 IRS Form 990 filing, Promise Academy Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 66 total employees. Among the employees shown here, the average compensation is $140,050. The highest compensated employee at Promise Academy Inc. is Patrick Washington with fiscal year 2024 compensation of $167,879.

Revenue, expenses, and employee compensation

Revenue

$5,290,516

Expenses

$5,568,628

Employee compensation

$3,062,272
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Patrick Washington
Executive Director
$167,879
$0 $167,879 No other comp
Kiasi Malone
Chief of Accountability
$151,536
$151,536 No related compNo other comp
Willie Richardson
Chief of Technology
$100,734
$100,734 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
$221,457
Dwch LLC
Various
$125,000

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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