Casa Esperanza Montessori Incorpora Ted
- Assets
- $21.8m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 116
- Location
- Raleigh, NC
- Founding
- 11/2002
- Data as of
- 06/2023
- 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 06/2023, Casa Esperanza Montessori Incorpora Ted employed 116 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 06/2023, Casa Esperanza Montessori Incorpora Ted generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $7.6m during the year ending 06/2023. While expenses have increased by 8.8% 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
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 613 STUDENTS IN GRADES K THROUGH 8. AND A PRIVATE PRE-K PROGRAM SERVING 25 STUDENTS IN WAKE FOREST, NC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Slipsky Secretary (7/1/21-3/3/22) | OfficerTrustee | 1 | $0 |
Monica Perry Secretary (03/04/2022-Current) | OfficerTrustee | 1 | $0 |
Monique Taylor Chair | OfficerTrustee | 1 | $0 |
Seraka Davis Vice Chair | OfficerTrustee | 1 | $0 |
Alice Ward Treasurer | OfficerTrustee | 1 | $0 |
Jon Lee Member At Large | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bc Construction Group Llc Construction | 6/29/22 | $578,306 |
Raleigh Portfolio Jh-sbp Llc Rent | 6/29/22 | $140,855 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,739,408 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,740,617 |
| Total Program Service Revenue | $542,661 |
| Investment income | $193,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,499,163 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,740,326 |
| Pension plan accruals and contributions | $184,945 |
| Other employee benefits | $314,472 |
| Payroll taxes | $289,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,966 |
| Fees for services: Accounting | $23,500 |
| 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 | $308,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,102,633 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $658,419 |
| Insurance | $43,778 |
| All other expenses | $0 |
| Total functional expenses | $7,605,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,410,431 |
| Savings and temporary cash investments | $3,710,953 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,186 |
| 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 | $136,717 |
| Net Land, buildings, and equipment | $14,011,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,379,420 |
| Other assets | $90,000 |
| Total assets | $21,817,011 |
| Accounts payable and accrued expenses | $51,320 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,365,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,476,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,857 |
| Total liabilities | $22,982,739 |
| Net assets without donor restrictions | -$1,165,728 |
| 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 | $21,817,011 |