Meeting Street Schools
- Assets
- $31.3m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 439
- Location
- Charleston, SC
- Founding
- 07/2007
- Data as of
- 06/2021
- EIN
- 20-4587841
Organization Overview
Meeting Street Schools is located in Charleston, SC. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Meeting Street Schools employed 439 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meeting Street Schools 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 06/2021, Meeting Street Schools generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $32.4m during the year ending 06/2021. While expenses have increased by 19.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEETING STREET SCHOOLS (MSS) IS A GROUNDBREAKING INITIATIVE DEDICATED TO THE CREATION OF A NEW MANDATE FOR EDUCATION IN SOUTH CAROLINA AND BEYOND. MSS WAS FOUNDED UPON THE BELIEF THAT ALL CHILDREN DESERVE AN EXCELLENT EDUCATION REGARDLESS OF THEIR GEOGRAPHIC OR SOCIOECONOMIC CIRCUMSTANCES, AND ALL CHILDREN HAVE THE ABILITY TO EXCEL IN THE CLASSROOM. WHERE ACCESS TO QUALITY PUBLIC EDUCATION OR AFFORDABLE PRIVATE ALTERNATIVES IS SEVERELY LIMITED, MSS IS PROVIDING CHILDREN WITH TRANSFORMATIONAL EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FEBRUARY 2014, MSS AGREED TO PARTNER WITH THE CHARLESTON COUNTY SCHOOL DISTRICT ("CCSD") UNDER THE SC SCHOOLS OF CHOICE LAW TO OPEN MEETING STREET ELEMENTARY AT BRENTWOOD (MSEB), A PUBLIC-PRIVATE PARTNERSHIP SCHOOL OPEN TO ALL FAMILIES LIVING IN THE NEWLY FORMED ATTENDANCE ZONE IN NORTH CHARLESTON, SC. MSEB OPENED ITS DOORS IN AUGUST OF 2014 TO APPROXIMATELY 120 STUDENTS SPANNED FROM PREK3 THROUGH FIRST GRADE, ADDING ON A SUCCESSIVE GRADE EACH YEAR. IN MARCH 2020, THE PARTNERSHIP WAS AMENDED TO ALLOW MSEB TO GROW TO EIGHTH GRADE FOR THE 2021-2022 SCHOOL YEAR. DURING THE 2020-2021 SCHOOL YEAR, MSEB SERVED APPROXIMATELY 632 STUDENTS FROM PREK3 THROUGH SEVENTH GRADE.
IN MARCH 2016, IN CONJUNCTION WITH THE AMENDED PARTNERSHIP WITH CCSD, MEETING STREET SCHOOLS ENTERED INTO AN AGREEMENT TO TAKE OVER THE MANAGEMENT OF ANOTHER SCHOOL IN CCSD, EDMUND A. BURNS ELEMENTARY SCHOOL ("BURNS"). BURNS WENT THOUGH RENOVATIONS THROUGH THE 2018-2019 SCHOOL YEAR. DURING THE 2018-2019 SCHOOL YEAR, MEETING STREET ELEMENTARY AT BURNS (MSBN) OPENED ITS DOORS TO 175 STUDENTS SPANNING PREK4 THROUGH SECOND GRADE. MSBN WAS HOUSED ON THE BRENTWOOD CAMPUS OPERATING AS ITS OWN SCHOOL UNTIL THE 2019-2020 SCHOOL YEAR WHEN THE SCHOOL BEGAN TO OPERATE ITS OWN CAMPUS AFTER COMPLETING RENOVATIONS. IN MARCH 2020, MSBN WAS ALSO PART OF THE CCSD AMENDMENT WITH BRENTWOOD TO ALLOW THE SCHOOL TO EXPAND TO MIDDLE SCHOOL, ADDING A NEW GRADE UNTIL THE EIGHTH GRADE IN THE 2023-2024 SCHOOL YEAR. DURING THE 2020-2021 SCHOOL YEAR, MSBN SERVED APPROXIMATELY 430 STUDENTS FROM PREK3 THROUGH SIXTH GRADE.
MEETING STREET SCHOOLS (MSS), OPERATING AS MEETING STREET ACADEMY (MSA-CHARLESTON), OPENED ITS DOORS IN CHARLESTON, SC IN AUGUST 2008 FOR APPROXIMATELY 45 PRESCHOOL CHILDREN, AGED THREE AND FOUR. SINCE THEN, WE HAVE ADDED GRADES THROUGH 8TH GRADE. MSA-CHARLESTON SERVED APPROXIMATELY 328 STUDENTS IN THE 2020-2021 SCHOOL YEAR FROM PREK3 THROUGH FIFTH GRADE. IN MARCH 2021, MSA-CHARLESTON ANNOUNCED PLANS TO EXPAND THROUGH MIDDLE SCHOOL, ADDING A NEW GRADE UNTIL THE EIGHTH GRADE IN THE 2024-2025 SCHOOL YEAR.
IN JULY 2012, MSA-SPARTANBURG OPENED ITS DOORS TO 37 PRESCHOOLERS AGED THREE AND FOUR. IN APRIL 2016, MSS AND SPARTANBURG DISTRICT 7 MOVED FORWARD WITH PLANS TO BEGIN THE 2016-2017 YEAR AT MSA-SPARTANBURG AS A PUBLIC-PRIVATE PARTNERSHIP. DURING THE 2020-2021 SCHOOL YEAR, MSA-SPARTANBURG SERVED APPROXIMATELY 287 STUDENTS FROM PREK3 TO FIFTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Campbell Principal | Officer | 40 | $189,365 |
Chad Weiden Principal | 40 | $149,258 | |
Dirk Bedford Principal | 40 | $146,602 | |
Katie Robinson Chief Academic Officer | 40 | $133,685 | |
Tara Warrington Dean | 40 | $116,035 | |
Amy Mims Executive Dir. (thru 12.04.19) | 40 | $98,317 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Broadwalk Development Llc Property Management Services | 6/29/21 | $594,286 |
Choate Construction Company Construction | 6/29/21 | $2,753,206 |
Artistic Dreams Dance/music Instruction | 6/29/21 | $179,138 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,713,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,079,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,793,473 |
| Total Program Service Revenue | $177,476 |
| Investment income | $1,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,027,510 |
| 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. | $349,912 |
| Compensation of current officers, directors, key employees. | $10,469 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,281,440 |
| Pension plan accruals and contributions | $550,380 |
| Other employee benefits | $2,472,827 |
| Payroll taxes | $1,501,237 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,100 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $767,120 |
| Royalties | $0 |
| Occupancy | $695,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,192,485 |
| Insurance | $320,681 |
| All other expenses | $3,469 |
| Total functional expenses | $32,415,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,790,009 |
| Savings and temporary cash investments | $1,834,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $358,906 |
| Net Land, buildings, and equipment | $24,860,692 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $483,211 |
| Total assets | $31,326,851 |
| Accounts payable and accrued expenses | $1,763,646 |
| Grants payable | $0 |
| Deferred revenue | $562,114 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,325,760 |
| Net assets without donor restrictions | $28,919,324 |
| Net assets with donor restrictions | $81,767 |
| 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 | $31,326,851 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Meeting Street Schools has recieved totaling $4,568,800.
| Awarding Organization | Amount |
|---|---|
Beemok Family Foundation Charleston, SC PURPOSE: SCHOOL OPERATIONS | $4,500,000 |
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $26,300 |
Elhapa Foundation Inc Lexington, KY PURPOSE: TO SUPPORT GENERAL OPERATIONS | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |