The Soulsville Charter School Llc
- Assets
- $20.7m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 109
- Location
- Memphis, TN
- Founding
- 01/2006
- Data as of
- 06/2023
- EIN
- 20-1861028
Organization Overview
The Soulsville Charter School Llc is located in Memphis, TN. The organization was established in 2006. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Soulsville Charter School Llc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soulsville Charter School Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Soulsville Charter School Llc generated $9.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.8m during the year ending 06/2023. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS DESIGNED TO PROVIDE ALTERNATIVES FOR STUDENTS IN SCHOOLS FAILING TO MAKE ADEQUATE PROGRESS, AS DEFINED BY THE STATE'S ACCOUNTABILITY. THE SCHOOL OFFERS RIGOROUS ACADEMICS IN A MUSIC AND ARTS RICH LEARNING ENVIROMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SCHOOL FACILITIES IN ORDER TO PROVIDE STUDENTS A RICH LEARNING ENVIROMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Marino Chairman | OfficerTrustee | 1 | $0 |
Jeff Barnes Treasurer | OfficerTrustee | 1 | $0 |
Liz Glotzbach Director | Trustee | 1 | $0 |
Pat Mitchell Worley Director | Trustee | 1 | $0 |
Deanie Parker Director | Trustee | 1 | $0 |
Neshante Brown Executive Director | Officer | 40 | $117,283 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vc3 Inc It Security Services | 6/29/22 | $110,130 |
Instruction Partners Education Services | 6/29/22 | $208,732 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,328,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,698 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,821,401 |
| Total Program Service Revenue | $394,946 |
| Investment income | $891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$66,863 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,153,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,965 |
| Compensation of current officers, directors, key employees. | $31,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,795,381 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,229,399 |
| Payroll taxes | $203,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,630,220 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $479,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $558,971 |
| Insurance | $136,091 |
| All other expenses | $0 |
| Total functional expenses | $9,843,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,148,674 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,649,641 |
| Accounts receivable, net | $12,347 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $78,827 |
| Net Land, buildings, and equipment | $12,882,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $856,055 |
| Intangible assets | $0 |
| Other assets | $2,053,979 |
| Total assets | $20,681,726 |
| Accounts payable and accrued expenses | $243,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,552,009 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,060,177 |
| Total liabilities | $10,855,773 |
| Net assets without donor restrictions | $8,841,544 |
| Net assets with donor restrictions | $984,409 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,681,726 |