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MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$25.6M
Program Spending
60%
of total expenses go to program services
Total Contributions
$24.9M
Total Expenses
▼$25M
Total Assets
$41.3M
Total Liabilities
▼$16.3M
Net Assets
$25M
Officer Compensation
→$568.8K
Other Salaries
$14.2M
Investment Income
$245.5K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
5
Clean Audits
4
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $5.3M | Yes | 2023-01-22 |
| 2021 | Clean | Unmodified (Clean) | $3.5M | Yes | 2022-01-12 |
| 2020 | Clean | Unmodified (Clean) | $915.4K | Yes | 2021-01-12 |
| 2019 | Clean | Unmodified (Clean) | $1.1M | No | 2020-02-24 |
| 2018 | Minor Findings | Unmodified (Clean) | $1.1M | No | 2019-02-04 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$5.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$915.4K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Tax Year 2025 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $25.6M | $24.9M | $25M | $41.3M | $25M |
| 2023IRS e-File | $27.9M | $27M | $25.8M | $40.3M | $24.5M |
| 2022IRS e-File | $25.4M | $24.1M | $23.5M | $39.4M | $22.4M |
| 2021 |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Rev Anthony Anderson | Co-ceo | 40 | $204.3K | $0 | $36.8K | $241.1K |
| April Bobo | Co-ceo | 40 | $155.6K | $0 | $28K | $183.6K |
| Nancy S Reeves | CFO | 40 | $132.2K | $0 | $0 | $132.2K |
| Sirgregory Thornton | Board Chairman | 5 | $0 | $0 | $0 | $0 |
| Zachary Beasley | Secretary | 5 | $0 | $0 | $0 | $0 |
Rev Anthony Anderson
Co-ceo
$241.1K
Hrs/Wk
40
Compensation
$204.3K
Related Orgs
$0
Other
$36.8K
April Bobo
Co-ceo
$183.6K
Hrs/Wk
40
Compensation
$155.6K
Related Orgs
$0
Other
$28K
Nancy S Reeves
CFO
$132.2K
Hrs/Wk
40
Compensation
$132.2K
Related Orgs
$0
Other
$0
Sirgregory Thornton
Board Chairman
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Zachary Beasley
Secretary
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Menthia Bradley | Director Of Pre-k And Human Resources | 40 | $125.1K | $0 | $22.5K | $147.7K |
| Germaine Thurman | Chief Of Academic Officer | 40 | $114.9K | $0 | $20.7K | $135.6K |
| Sylvia Gray | Director Of Compliance | 1 | $112.5K | $0 | $20.3K | $132.8K |
| Tamira Magee | School Leader | 40 | $111.3K | $0 | $20K | $131.4K |
| Noah Gordon | School Leader | 40 | $110.5K | $0 | $19.9K | $130.4K |
| Tamatha Smith |
Menthia Bradley
Director Of Pre-k And Human Resources
$147.7K
Hrs/Wk
40
Compensation
$125.1K
Related Orgs
$0
Other
$22.5K
Germaine Thurman
Chief Of Academic Officer
$135.6K
Hrs/Wk
40
Compensation
$114.9K
Related Orgs
$0
Other
$20.7K
Sylvia Gray
Director Of Compliance
$132.8K
Hrs/Wk
1
Compensation
$112.5K
Related Orgs
$0
Other
$20.3K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alicia Caldwell | Trustee | 1 | $0 | $0 | $0 | $0 |
| Briann Gibson | Trustee | 1 | $0 | $0 | $0 | $0 |
| Jose Castro | Trustee | 1 | $0 | $0 | $0 | $0 |
| Martin Mccain | Trustee | 1 | $0 | $0 | $0 | $0 |
| Tony Reeder | Trustee | 1 | $0 | $0 | $0 | $0 |
| Yolanda Cox | Trustee | 1 |
Alicia Caldwell
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Briann Gibson
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jose Castro
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $21.3M |
| $20.9M |
| $16.9M |
| $29.9M |
| $15.4M |
| 2020 | $19.1M | $18.9M | $16.7M | $26.3M | $11M |
| 2019 | $16.7M | $16.6M | $15M | $21.3M | $8.6M |
| 2018 | $14.3M | $14.1M | $13.6M | $15.7M | $6.9M |
| 2017 | $12.4M | $12.3M | $11M | $12.1M | $6.2M |
| 2016 | $9.4M | $9.4M | $8.5M | $11M | $4.8M |
| 2015 | $8.8M | $8.8M | $7.8M | $7.7M | $3.7M |
| 2014 | $6.9M | $6.9M | $6.5M | $6.3M | $2.7M |
| 2013 | $6.7M | $6.7M | $6.5M | $4.2M | $2.3M |
| 2012 | $6.1M | $6.1M | $5.8M | $4M | $2.1M |
| 2011 | $5.6M | $5.6M | $5.3M | $3.9M | $1.6M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| School Leader |
| 40 |
| $121.1K |
| $0 |
| $7,268 |
| $128.4K |
Tamira Magee
School Leader
$131.4K
Hrs/Wk
40
Compensation
$111.3K
Related Orgs
$0
Other
$20K
Noah Gordon
School Leader
$130.4K
Hrs/Wk
40
Compensation
$110.5K
Related Orgs
$0
Other
$19.9K
Tamatha Smith
School Leader
$128.4K
Hrs/Wk
40
Compensation
$121.1K
Related Orgs
$0
Other
$7,268
| $0 |
| $0 |
| $0 |
| $0 |
Martin Mccain
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tony Reeder
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Yolanda Cox
Trustee
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0