Charter Schools Action Fund
- Assets
- $376.2k
- Revenue
- $979.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 47-2045681
Organization Overview
Charter Schools Action Fund is located in Washington, DC. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, 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. Charter Schools Action Fund is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Charter Schools Action Fund generated $979.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $840.8k during the year ending 12/2022. While expenses have increased by 15.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SECURE A SIGNIFICANT INCREASE IN THE FEDERAL CHARTER SCHOOLS PROGRAM, WHICH PROVIDES NEEDED FUNDS TO OPEN AND REPLICATED HIGH PERFORMING CHARTER SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECURE A SIGNIFICANT INCREASE IN THE FEDERAL CHARTER SCHOOLS PROGRAM, WHICH PROVIDES NEEDED FUNDS TO OPEN AND REPLICATED HIGH PERFORMING CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nina Rees Vice Chair | OfficerTrustee | 0.25 | $0 |
Eric Paisner Treasurer | OfficerTrustee | 0.5 | $0 |
Mike Murphy Chair | Trustee | 0.5 | $0 |
Mary Landrieu Director | Trustee | 0.5 | $0 |
Carlos Curbelo Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Applecart Digital/website | 12/30/18 | $200,000 |
Red Maple Consulting Llc(p A Kirkham Program Consulting | 12/30/18 | $103,131 |
Eric Axel (Eca Strategies) Program Consulting | 12/30/18 | $124,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $979,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $979,471 |
| Total Program Service Revenue | $0 |
| 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 | $979,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $225,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $25,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,682 |
| Fees for services: Accounting | $4,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,793 |
| Advertising and promotion | $368,892 |
| Office expenses | $2,115 |
| Information technology | $4,559 |
| Royalties | $0 |
| Occupancy | $11,445 |
| Travel | $13,255 |
| 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 | $4,001 |
| Insurance | $15,350 |
| All other expenses | $0 |
| Total functional expenses | $840,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,471 |
| 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 | $3,751 |
| Net Land, buildings, and equipment | $5,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,189 |
| Accounts payable and accrued expenses | $10,114 |
| 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 | $277,218 |
| Total liabilities | $287,332 |
| Net assets without donor restrictions | $88,857 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $376,189 |
Grants Awarded
Over the last fiscal year, Charter Schools Action Fund has awarded $225,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OPPORTUNITY MATTERS FUND INC PURPOSE: TO SUPPORT ACTIVITIES | $75,000 |
SENATE MAJORITY PAC PURPOSE: TO SUPPORT ACTIVITIES | $75,000 |
WA CHARTERS ACTION PURPOSE: TO SUPPORT ACTION PLAN | $25,000 |
GEORGIA ACTION FUND PURPOSE: TO SUPPORT DEVELOPMENT OF ACTION PLAN | $25,000 |
NEW JERSEY PUBLIC CHARTERS SCHOOL ACTION FUND PURPOSE: TO SUPPORT C4 ACTIVITIES | $25,000 |