Felton Laboratory Charter School
- Assets
- $5.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 72
- Location
- Orangeburg, SC
- Founding
- 10/2015
- Data as of
- 06/2022
- EIN
- 46-5325705
Organization Overview
Felton Laboratory Charter School is located in Orangeburg, SC. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Felton Laboratory Charter School employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felton Laboratory 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, Felton Laboratory Charter School generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 9.0% 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
THE MISSION OF FELTON LABORATORY CHARTER SCHOOL IS TO PROVIDE A RIGOROUS, CREATIVE AND DIVERSE LEARNING ENVIRONMENT THROUGH SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A RIGOROUS, CREATIVE AND DIVERSE LEARNING ENVIRONMENT THROUGH SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coby Brandyburg Chairperson | OfficerTrustee | 1 | $0 |
Greg Twitty Vice-Chairperson | OfficerTrustee | 1 | $0 |
Cynthia King Secretary | OfficerTrustee | 1 | $0 |
Rev Dr Robert Johnson Secretary | OfficerTrustee | 1 | $0 |
Phillip Ford Treasurer | OfficerTrustee | 1 | $0 |
Keishia Elmore Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,811,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,811,052 |
| Total Program Service Revenue | $37,896 |
| Investment income | $1,265 |
| 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 | $4,850,213 |
| 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. | $99,314 |
| Compensation of current officers, directors, key employees. | $99,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,323,948 |
| Pension plan accruals and contributions | $258,426 |
| Other employee benefits | $703,286 |
| Payroll taxes | $185,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,304 |
| Fees for services: Accounting | $65,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,500 |
| Advertising and promotion | $12,713 |
| Office expenses | $36,535 |
| Information technology | $42,006 |
| Royalties | $0 |
| Occupancy | $240,831 |
| Travel | $306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,346 |
| Interest | $6,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $230,957 |
| Insurance | $12,547 |
| All other expenses | $0 |
| Total functional expenses | $5,117,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,733 |
| Savings and temporary cash investments | $515,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,050 |
| 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 | $39,178 |
| Net Land, buildings, and equipment | $765,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,819,114 |
| Total assets | $5,606,313 |
| Accounts payable and accrued expenses | $244,563 |
| Grants payable | $0 |
| Deferred revenue | $141,510 |
| 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 | $11,419,413 |
| Total liabilities | $11,805,486 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$6,393,739 |
| Paid-in or capital surplus, or land, building, or equipment fund | $194,566 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,606,313 |
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|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Southside Christian School Upstate Simpsonville, SC | $26,226,649 | $22,389,092 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
St Josephs Catholic School Inc Greenville, SC | $14,971,658 | $11,855,482 |
Kipp Charlotte Inc Charlotte, NC | $16,558,259 | $20,360,204 |
Corporation For Educational Partnerships Holly Springs, NC | $16,429,672 | $8,432,177 |
Sandhills Independent School Corp Southern Pines, NC | $9,604,204 | $9,353,331 |
Charleston Charter School For Math And Science Charleston, SC | $2,316,099 | $8,249,611 |
Camden Military Academy Camden, SC | $24,029,002 | $8,933,246 |