Care Elementary School Inc
- Assets
- $3.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 31
- Location
- Miami, FL
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-5269625
Organization Overview
Care Elementary School Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Care Elementary School Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Care Elementary School Inc 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, Care Elementary School Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
THE MISSION OF CARE ELEMENTARY SCHOOL IS TO PROVIDE THE BEST OPPORTUNITY FOR ACADEMIC SUCCESS AND CHARACTER DEVELOPMENT FOR THE CHILDREN IN THE OVERTOWN COMMUNITY WITHIN A NURTURING CHRISTIAN ENVIRONMENT WITHOUT ANY COST TO THE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOAL OF CARE ELEMENTARY SCHOOL IS TO PROVIDE A STRONG ACADEMIC FOUNDATION FOR LOW-INCOME STUDENTS IN OUR COMMUNITY WITH AN EMPHASIS ON LITERACY GIVING THEM THE SKILLS THAT WILL ENABLE THEM TO ACHIEVE THEIR GOALS. THE SCORES FOR THE 2021-22 SCHOOL YEAR SHOWED THAT SEVENTY- FIVE PERCENT OF THE TOTAL STUDENT BODY SCORED AT OR ABOVE GRADE LEVEL ON THE NATIONALLY NORM REFERENCED STANDARDIZED TEST AND SEVENTY-ONE PERCENT SCORED AT GRADE LEVEL OR HIGHER IN MATH. CARE WAS FULLY ENROLLED FOR THE 2021-22 SCHOOL YEAR WITH 134 STUDENTS IN KINDERGARTEN THROUGH SIXTH GRADE.
CARE ELEMENTARY SCHOOL ALSO PROVIDED FREE AFTER SCHOOL CARE FOR STUDENTS ATTENDING THE SCHOOL. STUDENTS RECEIVED HOMEWORK HELP FROM CERTIFIED TEACHERS LITERACY ENRICHMENT AND PARTICIPATED IN ZUMBA CLASSES FOUR DAYS A WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Simmonds Director And Principal | OfficerTrustee | 45 | $139,468 |
Dr Linda Washington Brown Director | Trustee | 1 | $0 |
Dr Mia Y Meritt Secretary | Trustee | 1 | $0 |
Roger Gordon Director | Trustee | 1 | $0 |
Bridget L Mckinney Director | Trustee | 1 | $0 |
Gus Vega Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $391,500 |
| Related organizations | $0 |
| Government grants | $141,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,751,077 |
| Noncash contributions included in lines 1a–1f | $17,090 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,284,097 |
| Total Program Service Revenue | $0 |
| Investment income | $2,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,161 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,352,763 |
| 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. | $139,468 |
| Compensation of current officers, directors, key employees. | $139,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,346 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,664 |
| Payroll taxes | $85,651 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,024 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,925 |
| Fees for services: Other | $0 |
| Advertising and promotion | $485 |
| Office expenses | $16,043 |
| Information technology | $41,231 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,394 |
| 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 | $0 |
| Insurance | $29,116 |
| All other expenses | $141,049 |
| Total functional expenses | $1,764,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,959 |
| Savings and temporary cash investments | $1,100,346 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,324,767 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,322,072 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $3,322,072 |
| Total liabilities and net assets/fund balances | $3,322,072 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Care Elementary School Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Marh Foundation Inc Miami, FL PURPOSE: GENERAL USE | $2,500 |
Endowment Analysis
| Beg. Balance | $625,921 |
| Earnings | -$31,954 |
| Admin Expense | $11,925 |
| Net Contributions | $417,090 |
| Ending Balance | $999,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carrollwood Day School Education Inc Tampa, FL | $44,857,641 | $20,567,249 |
Kipp Jacksonville Inc Jacksonville, FL | $9,839,108 | $19,518,543 |
Randolph School Huntsville, AL | $69,168,210 | $21,425,432 |
Renaissance Arts And Education Inc Palmetto, FL | $29,910,781 | $21,492,050 |
Lakeland Christian School Inc Lakeland, FL | $60,596,367 | $29,249,240 |
Alfred B Maclay Jr Day School Tallahassee, FL | $28,425,288 | $17,967,088 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Palm Beach Day Academy Inc Palm Beach, FL | $39,954,020 | $18,116,482 |
Rabbi Harry H Epstein School Inc Sandy Springs, GA | $8,141,821 | $15,062,509 |
The Alfred And Adele Davis Academy Inc Atlanta, GA | $60,440,379 | $18,707,941 |
Stratford Academy Inc Macon, GA | $32,525,377 | $15,089,989 |