Lloyd Kennedy Charter School
- Assets
- $2.1m
- Revenue
- $841.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Aiken, SC
- Founding
- 09/2003
- Data as of
- 06/2020
- EIN
- 57-1121745
Organization Overview
Lloyd Kennedy Charter School is located in Aiken, SC. The organization was established in 2003. 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. Lloyd Kennedy Charter School 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 06/2020, Lloyd Kennedy Charter School generated $841.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $961.0k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A CHARTER SCHOOL FOR GRADES 3-8.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LKCS COLLABORATES WITH STAKEHOLDERS TO PROMOTE EDUCATIONAL PROGRESS AMONG STUDENTS REGARDLESS OF THEIR ACADEMIC, SOCIAL, AND/OR PERSONAL DIFFICULTIES BY FOCUSING ON THEIR INDIVIDUAL LEARNING STYLES AND DEVELOPING THE LIFE SKILLS THEY WILL NEED TO BE SUCCESSFUL CITIZENS. ALTHOUGH WE WERE CREATED TO EDUCATE STUDENTS WHO ARE ACADEMICALLY, PERSONALLY AND/OR SOCIALLY AT RISK; OUR SCHOOL IS ATTRACTIVE TO PARENTS AND STUDENTS SEARCHING FOR A SMALLER, NURTURING, ACADEMIC ENVIRONMENT. WE DEFINE OUR "UNIQUE APPROACH" AS TAKING INTO ACCOUNT EACH STUDENT'S BACKGROUND AND SETTING INDIVIDUAL BENCHMARKS FOR THEIR ACADEMIC GROWTH. STUDENT ENROLLMENT IS LIMITED TO ENSURE A SMALLER CLASS SIZE AND A MAXIMUM TEACHER-STUDENT RATIO OF 1:12 DUE TO THE COVID-19 PANDEMIC AND PRATICE MITIGATION HEALTH AND SAFETY STANDARDS IN ACCORDANCE WITH THE SCDHEC AD CDC. DUE TO THE PANDEMIC THE STUDENT POPULATION HAS DECLINED TO 56 STUDENTS. AS A SMALL MINORITY OWNED BUSINESS GREATLY IMPACTED BY COVID-19, THE CHARTER WILL CLOSE IN JUNE 2021.
THE LKCS COLLABORATES WITH STAKEHOLDERS TO PROMOTE EDUCATIONAL PROGRESS AMONG STUDENTS REGARDLESS OF THEIR ACADEMIC, SOCIAL, AND/OR PERSONAL DIFFICULTIES BY FOCUSING ON THEIR INDIVIDUAL LEARNING STYLES AND DEVELOPING THE LIFE SKILLS THEY WILL NEED TO BE SUCCESSFUL CITIZENS. ALTHOUGH WE WERE CREATED TO EDUCATE STUDENTS WHO ARE ACADEMICALLY, PERSONALLY AND/OR SOCIALLY AT RISK; OUR SCHOOL IS ATTRACTIVE TO PARENTS AND STUDENTS SEARCHING FOR A SMALLER, NURTURING, ACADEMIC ENVIRONMENT. WE DEFINE OUR "UNIQUE APPROACH" AS TAKING INTO ACCOUNT EACH STUDENT'S BACKGROUND AND SETTING INDIVIDUAL BENCHMARKS FOR THEIR ACADEMIC GROWTH. STUDENT ENROLLMENT IS LIMITED TO ENSURE A SMALLER CLASS SIZE AND A MAXIMUM TEACHER-STUDENT RATIO OF 1:12 DUE TO THE COVID-19 PANDEMIC AND PRATICE MITIGATION HEALTH AND SAFETY STANDARDS IN ACCORDANCE WITH THE SCDHEC AD CDC. DUE TO THE PANDEMIC THE STUDENT POPULATION HAS DECLINED TO 56 STUDENTS. AS A SMALL MINORITY OWNED BUSINESS GREATLY IMPACTED BY COVID-19, THE CHARTER WILL CLOSE IN JUNE 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keisha Lloyd-Kennedy Board Designee | Trustee | 30 | $77,350 |
Salisa Mcteer Secretary/treasurer | OfficerTrustee | 2 | $0 |
Stephanie Lott President | OfficerTrustee | 2 | $0 |
Brenda Lloyd Vice President | OfficerTrustee | 2 | $0 |
Donna Knopp Faculty Rep | Trustee | 40 | $0 |
Valerie Jones Administrative Rep | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $827,676 |
| Investment income | $654 |
| 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 | $841,628 |
| Statement of Expenses | |
|---|---|
| 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. | $77,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,979 |
| Pension plan accruals and contributions | $1,050 |
| Other employee benefits | $40,383 |
| Payroll taxes | $19,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,695 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,213 |
| Advertising and promotion | $1,934 |
| Office expenses | $23,505 |
| Information technology | $60,942 |
| Royalties | $0 |
| Occupancy | $62,430 |
| Travel | $905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $94,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,519 |
| Insurance | $20,030 |
| All other expenses | $0 |
| Total functional expenses | $961,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,952 |
| Total assets | $2,084,714 |
| Accounts payable and accrued expenses | $13,379 |
| Grants payable | $0 |
| Deferred revenue | $457,829 |
| 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 | $2,047,754 |
| Unsecured mortgages and notes payable | $111,490 |
| Other liabilities | $0 |
| Total liabilities | $2,630,452 |
| Net assets without donor restrictions | $0 |
| 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 | -$545,738 |
| Total liabilities and net assets/fund balances | -$545,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |
Sugar Creek Charter School Inc Charlotte, NC | $29,486,928 | $22,844,199 |
York Preparatory Academy Inc Rock Hill, SC | $46,250,358 | $19,880,762 |
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 |