Casa Esperanza Montessori Incorpora Ted
- Assets
- $24.5m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 102
- Location
- Raleigh, NC
- Founding
- 11/2002
- Data as of
- 06/2022
- EIN
- 56-2243027
Organization Overview
Casa Esperanza Montessori Incorpora Ted is located in Raleigh, NC. The organization was established in 2002. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Casa Esperanza Montessori Incorpora Ted employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Casa Esperanza Montessori Incorpora Ted 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, Casa Esperanza Montessori Incorpora Ted generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $7.1m 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
OPERATION OF A PUBLIC CHARTER SCHOOL SERVING GRADES K-8 IN RALEIGH, NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A TUITION-FREE PUBLIC CHARTER SCHOOL THAT OFFERS A DUAL LANGUAGE CURRICULUM AND MONTESSORI PHILOSOPHY SERVING 553 STUDENTS IN GRADES K THOUGH 8. AND A PRIVATE PRE-K PROGRAM SERVING 12 STUDENT IN RALEIGH, NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerita Connor Head Of School (3/4/22-6/30/22) | Officer | 40 | $43,682 |
Teresa Outlaw Head Of School (8/11/21-3/4/22) | Officer | 40 | $25,858 |
Monica Perry Secretary (3/4/22-6/30/22) | OfficerTrustee | 1 | $0 |
Monique Taylor Chair | OfficerTrustee | 1 | $0 |
Seraka Davis Vice Chair | OfficerTrustee | 1 | $0 |
Mike Slipsky Secretary (7/1/21-3/4/22) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raleigh Portfolio Jh-sbp Llc Rent | 6/29/22 | $140,855 |
Bc Construction Group Llc Construction | 6/29/22 | $578,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,846,798 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,873,685 |
| Total Program Service Revenue | $271,066 |
| Investment income | $12,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,756 |
| Net Income from Fundraising Events | $675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,162,361 |
| 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. | $146,571 |
| Compensation of current officers, directors, key employees. | $14,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,159,595 |
| Pension plan accruals and contributions | $252,977 |
| Other employee benefits | $337,950 |
| Payroll taxes | $225,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,583 |
| Fees for services: Accounting | $33,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,409 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $761,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,795 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,088,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,483,343 |
| Savings and temporary cash investments | $11,309,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,248 |
| 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 | $159,148 |
| Net Land, buildings, and equipment | $1,680,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,826,799 |
| Other assets | $7,002,921 |
| Total assets | $24,474,251 |
| Accounts payable and accrued expenses | $1,912,055 |
| Grants payable | $0 |
| Deferred revenue | $1,626 |
| Tax-exempt bond liabilities | $21,610,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,886,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,922 |
| Total liabilities | $25,534,098 |
| Net assets without donor restrictions | -$1,059,847 |
| 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 | $24,474,251 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Casa Esperanza Montessori Incorpora Ted has recieved totaling $351.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |