Freire Charter School Wilmington Inc
- Assets
- $21.5m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/2014
- Data as of
- 06/2023
- 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 06/2023, Freire Charter School Wilmington Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 19.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE 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 RIGORIOUS EDUCATION IN A SAFE, CREATIVE, AND SUPPORTIVE ENVIRONMENT THAT ENABLES AND INSPIRES ALL STUDENST TO ACHIEVE. WE SERVE APPROXIMATELY 500 STUDENTS IN GRADES 8-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Bayard Director | Trustee | 1 | $0 |
Lissa Brutus Director | Trustee | 1 | $0 |
Sheela Dattani Vice President | OfficerTrustee | 1 | $0 |
Evelyn Davies Director | Trustee | 1 | $0 |
John Kane Treasurer | OfficerTrustee | 1 | $0 |
Jilian Mackenzie Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lehane's Bus Service Student Transportation | 6/29/23 | $480,818 |
Freire Schools Collaborative Charter Support Services | 6/29/23 | $775,959 |
Saul Ewing Legal Services | 6/29/23 | $169,218 |
Csi International Custodial Services | 6/29/23 | $161,520 |
Staying Connected Llc Student Transportation | 6/29/23 | $157,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,067,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,220,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,288,263 |
| Total Program Service Revenue | $7,371,142 |
| 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 | $9,659,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,911 |
| Compensation of current officers, directors, key employees. | $19,591 |
| Compensation to disqualified persons | $3,090,739 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $935,391 |
| Other employee benefits | $1,953,863 |
| Payroll taxes | $249,124 |
| Fees for services: Management | $779,609 |
| Fees for services: Legal | $173,129 |
| 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 | $624,928 |
| Advertising and promotion | $78,629 |
| Office expenses | $57,673 |
| Information technology | $134,438 |
| Royalties | $0 |
| Occupancy | $575,896 |
| Travel | $2,727 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $458,927 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $439,865 |
| Insurance | $107,179 |
| All other expenses | $177,662 |
| Total functional expenses | $11,224,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,759,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,687 |
| 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 | $49,724 |
| Net Land, buildings, and equipment | $11,627,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,041,930 |
| Total assets | $21,498,420 |
| Accounts payable and accrued expenses | $1,266,855 |
| 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 | $10,871,298 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,937,644 |
| Total liabilities | $30,075,797 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,096,792 |
| Paid-in or capital surplus, or land, building, or equipment fund | $756,145 |
| Retained earnings, endowment, accumulated income, or other funds | -$10,430,314 |
| Total liabilities and net assets/fund balances | $21,498,420 |