Apalachicola Bay Charter School Inc
- Assets
- $6.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 86
- Location
- Apalachicola, FL
- Founding
- 08/2001
- Data as of
- 06/2024
- EIN
- 59-3716922
Organization Overview
Apalachicola Bay Charter School Inc is located in Apalachicola, FL. The organization was established in 2001. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, Apalachicola Bay Charter School Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Apalachicola Bay Charter School Inc 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 06/2024, Apalachicola Bay Charter School Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. While expenses have increased by 5.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF THE APALACHICOLA BAY CHARTER SCHOOL THAT EACH STUDENT WILL REACH HIS OR HER ACADEMIC AND SOCIAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
APALACHICOLA BAY CHARTER SCHOOL, INC. OPERATES A PUBLIC CHARTER PRE-K, ELEMENTARY AND MIDDLE SCHOOL. THE OVERSIGHT FUNCTION IS AT THE DESCRETION OF THE FRANKLIN COUNTY DISTRIT SCHOOL BOARD. APPROXIMATELY 354 STUDENTS ATTENDED SCHOOL DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Kirvin Ceo/principa | Officer | 40 | $87,984 |
Sherry Ware Ceo/princ. T | Officer | 40 | $57,433 |
James Jim Bachrach Treasurer/di | OfficerTrustee | 2 | $0 |
Stella Bryant Director | Trustee | 2 | $0 |
Jennifer Jenna Harper President/di | OfficerTrustee | 2 | $0 |
Megan Lee Director - T | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gametime Construction | 6/29/23 | $192,018 |
Tremco Roofing Construction | 6/29/23 | $374,948 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,346,136 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,346,136 |
| Total Program Service Revenue | $5,059,347 |
| Investment income | $70,395 |
| 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 | $6,475,878 |
| 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. | $136,988 |
| Compensation of current officers, directors, key employees. | $68,494 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,419,512 |
| Pension plan accruals and contributions | $136,343 |
| Other employee benefits | $419,424 |
| Payroll taxes | $175,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,017 |
| Advertising and promotion | $2,369 |
| Office expenses | $7,168 |
| Information technology | $67,200 |
| Royalties | $0 |
| Occupancy | $203,527 |
| Travel | $63,755 |
| 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 | $283,125 |
| Insurance | $71,816 |
| All other expenses | $212,066 |
| Total functional expenses | $4,794,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,555,786 |
| Savings and temporary cash investments | $1,772,612 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,392 |
| 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 | $109,957 |
| Net Land, buildings, and equipment | $2,994,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,715,547 |
| Accounts payable and accrued expenses | $255,740 |
| 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 | $16,740 |
| Total liabilities | $272,480 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,443,067 |
| Total liabilities and net assets/fund balances | $6,715,547 |