Calhoun Falls Charter School
- Assets
- $1.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Calhoun Falls, SC
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 26-2717284
Organization Overview
Calhoun Falls Charter School is located in Calhoun Falls, SC. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Calhoun Falls Charter School employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calhoun Falls Charter School 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 06/2022, Calhoun Falls Charter School generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CHARTER SCHOOL FOR GRADES 6-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED UNDER THE SC CHARTER SCHOOL ACT, THE SCHOOL PROVIDES ACADEMIC CHOICE FOR PARENTS AND STUDENTS WHILE EXPANDING THE CAPACITY OF THE PUBLIC SCHOOL SYSTEM IN ABBEVILLE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Horace Thomas Board Member | Trustee | 1 | $0 |
Craig Brown Board Member | Trustee | 1 | $0 |
Benji Sorrow Board Member | Trustee | 1 | $0 |
Jennifer Johnson Board Member | Trustee | 1 | $0 |
Courtney Cade Board Member | Trustee | 1 | $0 |
Adrienne Padner Board Member | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Computer Consultants & Merchants Inc It Services | 6/29/22 | $127,050 |
Rush Heating & Colling Inc Hvac | 6/29/22 | $100,589 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,102 |
| Related organizations | $0 |
| Government grants | $2,313,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $142,965 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,458,966 |
| Total Program Service Revenue | $91,773 |
| Investment income | $154 |
| 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 | $2,550,893 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $995,078 |
| Pension plan accruals and contributions | $186,191 |
| Other employee benefits | $141,732 |
| Payroll taxes | $61,778 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,553 |
| Advertising and promotion | $3,231 |
| Office expenses | $20,922 |
| Information technology | $129,910 |
| Royalties | $0 |
| Occupancy | $209,159 |
| Travel | $50,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,138 |
| Insurance | $31,056 |
| All other expenses | $92,071 |
| Total functional expenses | $2,462,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $418,056 |
| 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 | $4,728 |
| Net Land, buildings, and equipment | $311,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,304,917 |
| Accounts payable and accrued expenses | $219,294 |
| Grants payable | $0 |
| Deferred revenue | $1,270 |
| 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 | $38,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,950 |
| Total liabilities | $265,572 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,039,345 |
| Total liabilities and net assets/fund balances | $1,304,917 |