Greenville Renewable Energy Education Charter School
- Assets
- $26.2m
- Revenue
- $17.8m
- Investments
- $0.0
- Employees
- 298
- Location
- Greenville, SC
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 45-2823466
Organization Overview
Greenville Renewable Energy Education Charter School is located in Greenville, SC. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Greenville Renewable Energy Education Charter School employed 298 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenville Renewable Energy Education 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 06/2021, Greenville Renewable Energy Education Charter School generated $17.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.6% each year . All expenses for the organization totaled $17.3m during the year ending 06/2021. While expenses have increased by 27.0% 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
ESTABLISH IMPROVED SCIENCE AND SUSTAINABILITY LEARNING OPPORTUNITIES THAT STIMULATE SCIENTIFICALLY LITERATE INDIVIDUALS, WORKFORCE, AND LEADERSHIP THROUGH WORLD CLASS AND CHALLENGING SCIENCE TEACHING STANDARDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENVILLE RENEWABLE ENERGY EDUCATION CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS CURRENTLY OPERATING 3 DIFFERENT CHARTER SCHOOLS IN 4 DIFFERENT LOCATIONS SERVING ABOUT 1560 STUDENTS. THOSE LOCATIONS ARE GREEN GREENVILLE LOWER CAMPUS, GREEN GREENVILLE UPPER CAMPUS, GREEN SPARTANBURG CAMPUS, AND GREEN MIDLANDS CAMPUS. THE SPARTANBURG CAMPUS SERVES K4-8 GRADES. THE GREENVILLE LOWER CAMPUS IS SERVING K4-6 AND UPPER CAMPUS 7-12 GRADES, WHILE THE MIDLANDS CAMPUS SERVES K5-8 GRADES. THE GREEN LOWCOUNTRY IS SCHEDULED TO OPEN FOR 2021-22 SCHOOL YEAR IN NORTH CHARLESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adem Dokmeci Former Executive Director | Officer | 40 | $125,280 |
Alkan Cevik CFO | Officer | 40 | $102,111 |
Zafer O Sipahioglu Deputy Exec Director | Officer | 40 | $43,155 |
Mandy Townes Secretary | OfficerTrustee | 2 | $0 |
Chetan Vora Pres/board Chair | OfficerTrustee | 2 | $0 |
Vincent Atkinson Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Project Finance & Development Inv Llc Representation Of Construction Services | 6/29/21 | $400,000 |
Blue Ocean Construction Construction Services | 6/29/21 | $2,827,511 |
Oshury's Management Llc Cleaning Services | 6/29/21 | $291,423 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,924,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,944,842 |
| Total Program Service Revenue | $725,183 |
| Investment income | $5,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,454 |
| 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 | $17,750,984 |
| 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. | $270,546 |
| Compensation of current officers, directors, key employees. | $270,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,860,989 |
| Pension plan accruals and contributions | $649,080 |
| Other employee benefits | $1,320,465 |
| Payroll taxes | $633,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160,299 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $664,182 |
| Advertising and promotion | $128,334 |
| Office expenses | $3,864 |
| Information technology | $266,484 |
| Royalties | $0 |
| Occupancy | $2,402,676 |
| Travel | $5,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $629,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,611 |
| Insurance | $86,302 |
| All other expenses | $250,339 |
| Total functional expenses | $17,255,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $587,373 |
| Savings and temporary cash investments | $5,342,483 |
| Pledges and grants receivable | $385,480 |
| Accounts receivable, net | $28,895 |
| 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 | $49,621 |
| Net Land, buildings, and equipment | $16,332,323 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,437,340 |
| Total assets | $26,163,515 |
| Accounts payable and accrued expenses | $369,259 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $18,642,000 |
| 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 | $19,011,259 |
| 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 | $7,152,256 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,163,515 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greenville Renewable Energy Education Charter School has recieved totaling $13,629.
| Awarding Organization | Amount |
|---|---|
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $13,214 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $415 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
Paideia School Incorporated Atlanta, GA | $78,987,802 | $31,795,237 |
Darlington School Rome, GA | $83,633,921 | $28,448,149 |
Classical Charter Schools Of Americ A Inc Leland, NC | $50,468,363 | $31,320,545 |
Christ Church Episcopal School Greenville, SC | $53,203,211 | $29,578,591 |