Frayser Community Schools
- Assets
- $7.2m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 199
- Location
- Memphis, TN
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 46-1747159
Organization Overview
Frayser Community Schools is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Frayser Community Schools employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frayser Community 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, Frayser Community Schools generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $13.1m during the year ending 06/2021. While expenses have increased by 13.8% 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
TO PREPARE HIGH SCHOOL STUDENTS IN FRAYSER FOR SUCCESS IN COLLEGE, CAREER AND THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL.
OPERATION OF A PUBLIC CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby White Jr Chief Executive Officer | Officer | 40 | $164,828 |
Brett Lawson Chief Of Strategy | 40 | $122,524 | |
Arlinda Fair Board Chair | OfficerTrustee | 2 | $0 |
Cedrick Houston Board Secretary | OfficerTrustee | 2 | $0 |
Erik Henneghan Board Vice Chair | OfficerTrustee | 2 | $0 |
Theodore Hartwell Board Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shelby County Schools Accounting & Reporting | 6/29/16 | $196,314 |
Technologyx Inc It Support & Consulting | 6/29/16 | $187,710 |
Durham School Services School Services | 6/29/16 | $109,537 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,356,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,554,224 |
| Total Program Service Revenue | $20,791 |
| Investment income | $0 |
| 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 | $13,575,015 |
| 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. | $168,555 |
| Compensation of current officers, directors, key employees. | $168,555 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,613,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $117,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $962,289 |
| 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 | $460,208 |
| Insurance | $0 |
| All other expenses | $46,114 |
| Total functional expenses | $13,066,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,124,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $343,502 |
| 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 | $37,244 |
| Net Land, buildings, and equipment | $1,368,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,283,456 |
| Total assets | $7,157,256 |
| Accounts payable and accrued expenses | $789,207 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,064,365 |
| Total liabilities | $2,853,572 |
| Net assets without donor restrictions | $3,588,269 |
| Net assets with donor restrictions | $715,415 |
| 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 | $7,157,256 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Frayser Community Schools has recieved totaling $135,000.
| Awarding Organization | Amount |
|---|---|
Crawford Howard Private Foundation Palm Beach, FL PURPOSE: CHARITABLE EXEMPT PURPOSE | $85,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $30,000 |
Education Trust Inc Washington, DC PURPOSE: Support | $15,000 |
Tennessee Titans Foundation Houston, TX PURPOSE: OPERATING BUDGET | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |