Greensboro Independent School Corporation
- Assets
- $42.5m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 285
- Location
- Greensboro, NC
- Founding
- 08/1975
- Data as of
- 06/2022
- EIN
- 56-0949932
Organization Overview
Greensboro Independent School Corporation is located in Greensboro, NC. The organization was established in 1975. 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, Greensboro Independent School Corporation employed 285 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Independent School Corporation 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, Greensboro Independent School Corporation generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $20.1m during the year ending 06/2022. While expenses have increased by 1.2% 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
A COEDUCATIONAL, COLLEGE PREPARATORY NON-SECTARIAN INDEPENDENT SCHOOL FOR GRADES PK-12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL IS COMMITTED TO PROVIDING OUR STUDENTS A CHALLENGING AND INSPIRING ACADEMIC PROGRAM THAT SUPPORTS STUDENTS IN ACHIEVING THEIR POTENTIAL IN COLLEGE AND LIFE, A SOCIALLY AND ECONOMICALLY DIVERSE COMMUNITY THAT HONORS AND NURTURES RELATIONSHIPS AMONG STUDENTS, FACULTY AND COMMUNITY, AN EXCEPTIONAL EXTRA-CURRICULAR OPPORTUNITY THAT ENRICHES THE EDUCATIONAL EXPERIENCE AND A GLOBAL PERSPECTIVE THAT CULTIVATES RESPECT FOR OTHERS AND PROMOTES STEWARDSHIP OF THE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracie J Catlett Head Of School | Officer | 40 | $371,808 |
Kyle Lewis CFO | Officer | 40 | $160,506 |
Ian Patrick Chief Philanthrophy Officer | Officer | 40 | $158,753 |
B Randall Doss Director Of Admissions | 40 | $141,426 | |
J F Johnson Jr Athletic Director | 40 | $135,931 | |
Edward Billingslea Upper School Director | 40 | $125,487 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Samet Corporation Construction | 6/29/15 | $5,058,971 |
Johnson Controls Inc Hvac Installation And Service | 6/29/15 | $125,683 |
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 | $1,744,066 |
| Noncash contributions included in lines 1a–1f | $142,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,744,066 |
| Total Program Service Revenue | $19,746,352 |
| Investment income | $563,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,876 |
| Net Gain/Loss on Asset Sales | $543,466 |
| Net Income from Fundraising Events | -$33,955 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,523 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,760,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,501,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $816,347 |
| Compensation of current officers, directors, key employees. | $610,938 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,010,866 |
| Pension plan accruals and contributions | $87,395 |
| Other employee benefits | $2,111,734 |
| Payroll taxes | $729,834 |
| Fees for services: Management | $58,948 |
| Fees for services: Legal | $54,468 |
| Fees for services: Accounting | $58,033 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,664 |
| Advertising and promotion | $108,566 |
| Office expenses | $978,080 |
| Information technology | $339,459 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $94,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,554 |
| Interest | $92,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $830,440 |
| Insurance | $115,372 |
| All other expenses | $1,624,447 |
| Total functional expenses | $20,137,834 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821 |
| Savings and temporary cash investments | $5,232,166 |
| Pledges and grants receivable | $429,473 |
| Accounts receivable, net | $326,166 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $151,927 |
| Prepaid expenses and deferred charges | $302,928 |
| Net Land, buildings, and equipment | $19,955,458 |
| Investments—publicly traded securities | $15,817,935 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $304,017 |
| Total assets | $42,520,891 |
| Accounts payable and accrued expenses | $2,042,649 |
| Grants payable | $0 |
| Deferred revenue | $2,732,146 |
| Tax-exempt bond liabilities | $2,052,399 |
| Escrow or custodial account liability | $2,166 |
| 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 | $41,455 |
| Total liabilities | $6,870,815 |
| Net assets without donor restrictions | $22,633,760 |
| Net assets with donor restrictions | $13,016,316 |
| 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 | $42,520,891 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Greensboro Independent School Corporation has recieved totaling $270,901.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $143,235 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $25,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $19,800 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $15,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $15,753,223 |
| Earnings | -$1,624,467 |
| Net Contributions | $900,934 |
| Other Expense | $471,470 |
| Ending Balance | $14,558,220 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |