Freire Charter School Wilmington Inc
- Assets
- $11.2m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2014
- Data as of
- 06/2021
- EIN
- 46-5680913
Organization Overview
Freire Charter School Wilmington Inc is located in Wilmington, DE. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freire Charter School Wilmington 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 06/2021, Freire Charter School Wilmington Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $7.6m during the year ending 06/2021. While expenses have increased by 19.3% 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
FREIRE CHARTER SCHOOL WILMINGTON PROVIDES A COLLEGE-PREPARATORY LEARNING EXPERIENCE WITH A FOCUS ON INDIVIDUAL FREEDOM, CRITICAL THINKING, AND PROBLEM SOLVING IN AN ENVIRONMENT THAT EMPHASIZES THE VALUES OF COMMUNITY, TEAMWORK, AND COMMITMENT TO PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREIRE CHARTER SCHOOL WILMINGTON PROVIDES A RIGOROUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT THAT ENABLES AND INSPIRES ALL STUDENTS TO ACHIEVE. WE SERVE APPROXIMATELY 500 STUDENTS IN GRADES 8-12. DURING 2020-21, THE SCHOOL ENHANCED ITS VIRTUAL LEARNING PROGRAM TO ENSURE CONTINUITY OF EDUCATION DURING COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Durant Head Of School For Academic Supports | Officer | 40 | $90,292 |
Madeline Weckel Head Of School For Academics | Officer | 40 | $83,737 |
Nathan Moser Director / Teacher Representative | Trustee | 40 | $69,423 |
Clint Walker President | OfficerTrustee | 1 | $0 |
John Kane Treasurer | OfficerTrustee | 1 | $0 |
Sheela Dattani Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Csi International Custodial And Cleaning Services | 6/29/21 | $156,612 |
Lehane's Bus Service Student Transportation | 6/29/21 | $336,444 |
Acs International Resources It Consulting Services And It Equipment Supplier. | 6/29/21 | $156,611 |
Freire Schools Collaborative Charter Support Services - Administrative, Accounting, Compliance, Legal, And Fundraising | 6/29/21 | $838,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,027,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,028,239 |
| Total Program Service Revenue | $7,050,175 |
| Investment income | $21,468 |
| 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 | $8,099,882 |
| 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. | $196,753 |
| Compensation of current officers, directors, key employees. | $19,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,590,024 |
| Pension plan accruals and contributions | $641,319 |
| Other employee benefits | $474,057 |
| Payroll taxes | $207,193 |
| Fees for services: Management | $598,561 |
| Fees for services: Legal | $5,655 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $315,538 |
| Advertising and promotion | $70,107 |
| Office expenses | $43,899 |
| Information technology | $87,871 |
| Royalties | $0 |
| Occupancy | $1,194,642 |
| Travel | $209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,622 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,643 |
| Insurance | $32,048 |
| All other expenses | $11,485 |
| Total functional expenses | $7,615,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,608,783 |
| Savings and temporary cash investments | $0 |
| 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 | $58,574 |
| Net Land, buildings, and equipment | $1,437,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,105,653 |
| Total assets | $11,210,821 |
| Accounts payable and accrued expenses | $620,713 |
| 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 | $598,241 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,886,432 |
| Total liabilities | $17,105,386 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,065,339 |
| Paid-in or capital surplus, or land, building, or equipment fund | $839,570 |
| Retained earnings, endowment, accumulated income, or other funds | -$7,799,474 |
| Total liabilities and net assets/fund balances | $11,210,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Freire Charter School Wilmington Inc has recieved totaling $227,500.
| Awarding Organization | Amount |
|---|---|
Freire Foundation Philadelphia, PA PURPOSE: GENERAL SUPPORT | $227,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
University Heights Charter School Of Excellence Inc Newark, NJ | $19,966,425 | $19,377,888 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Central Jersey College Preparatory Charter School Somerset, NJ | $11,475,546 | $18,846,415 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Bergen Arts And Science Charter School Fair Lawn, NJ | $12,632,550 | $21,570,680 |
Paterson Arts And Science Charter School Fair Lawn, NJ | $9,568,826 | $19,593,384 |
Freedom Prep Charter School Camden, NJ | $12,014,464 | $18,736,177 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |