Great Bay Elearning Charter School
- Assets
- $1.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Exeter, NH
- Founding
- 06/2012
- Data as of
- 06/2021
- EIN
- 59-3791072
Organization Overview
Great Bay Elearning Charter School, operating under the name Great Bay Charter School, is located in Exeter, NH. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Great Bay Charter School employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Bay 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 06/2021, Great Bay Charter School generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PUBLIC CHARTER SCHOOL EDUCATIONAL PROGRAM, AUTHORIZED BY THE NEW HAMPSHIRE BOARD OF EDUCATION AND SUPERVISED BY THE NEW HAMPSHIRE DEPARTMENT OF EDUCATION. THE SCHOOL IS OPEN TO ANY STUDENT RESIDING IN NEW HAMPSHIRE IN GRADES 8 THROUGH 12 AND EMPHASIZED PROJECT-BASED LEARNING IN A TECHNOLOGY ENHANCED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL ACTIVITIES OF THE SCHOOL WERE FOCUSED ON PROVIDING DAILY EDUCATIONAL PROGRAMMING OF THE GREAT BAY ELEARNING CHARTER SCHOOL. AS A PUBLIC CHARTER SCHOOL, IT PROVIDES 180 DAYS OF "SCHOOL YEAR" INSTRUCTIONAL PROGRAMMING WITH ASSOCIATED SCHOOL YEAR PREPARTION. THE SCHOOL YEAR RUNS FROM LATE AUGUST UNTIL MID-JUNE WITH STUDENTS AND STAFF ENGAGED IN TYPICAL SCHOOL DAY PROGRAMMING. SUMMER MONTHS ARE UTILIZED FOR DEVELOPMENT AND PREPARATION OF CURRICULAR, INSTRUCTIONAL, AND ASSESSMENT PROGRAMMING. THE SCHOOL SERVED APPROXIMATELY 155 STUDENTS THROUGHOUT THE 180 DAY SCHOOL YEAR CALENDAR WITH 10 TEACHERS AND 4 ADMINISTRATIVE/SUPPORT PERSONNEL. THE SCHOOL, SUPERVISED BY THE NEW HAMPSHIRE DEPARTMENT OF EDUCATION, RECEIVED ITS PRIMARY FUNDING ON A PER PUPIL BASIS FROM THE STATE WITH SOME SUPPLEMENTAL ASSISTANCE PROVIDED BY A LOCAL SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Stackhouse Executive Di | Trustee | 40 | $119,625 |
Cheryll Hurteau Secretary | Officer | 40 | $46,675 |
Lisa Gillis Treasurer | Officer | 2 | $0 |
Lucy Cushman Vice Chair | Trustee | 2 | $0 |
Sarah Bedingfield Trustee | Trustee | 2 | $0 |
Cheryl Mcdonough Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $317,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,527 |
| Total Program Service Revenue | $1,502,355 |
| Investment income | $1,165 |
| 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 | $1,886,991 |
| 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. | $166,300 |
| Compensation of current officers, directors, key employees. | $82,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,266 |
| Pension plan accruals and contributions | $115,786 |
| Other employee benefits | $218,150 |
| Payroll taxes | $71,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,500 |
| Advertising and promotion | $0 |
| Office expenses | $3,429 |
| Information technology | $86,926 |
| Royalties | $0 |
| Occupancy | $50,000 |
| Travel | $930 |
| 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 | $1,747 |
| Insurance | $3,675 |
| All other expenses | $17,674 |
| Total functional expenses | $1,685,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,657 |
| Savings and temporary cash investments | $404,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,030 |
| 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 | $398 |
| Net Land, buildings, and equipment | $901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,250 |
| Total assets | $1,221,712 |
| Accounts payable and accrued expenses | $2,377 |
| 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 | $1,870,241 |
| Total liabilities | $1,872,618 |
| Net assets without donor restrictions | -$651,354 |
| Net assets with donor restrictions | $448 |
| 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 | $1,221,712 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Great Bay Elearning Charter School has recieved totaling $713.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $513 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virtual Learning Academy Charter School Exeter, NH | $4,364,365 | $12,032,123 |
Maine Technology Institute Brunswick, ME | $20,192,850 | $10,752,801 |
Baxter Academies Of Maine Portland, ME | $5,059,959 | $5,291,894 |
Acadia Academy Lewiston, ME | $2,946,012 | $4,193,660 |
Harpswell Coastal Academy Inc Harpswell, ME | $1,328,759 | $3,434,927 |
Fiddlehead School Gray, ME | $2,450,740 | $2,123,993 |
Great Bay Elearning Charter School Exeter, NH | $1,221,712 | $1,886,991 |
Kreiva Academy Public Charter School Manchester, NH | $870,753 | $1,875,543 |
Compass Classical Academy Tilton, NH | $1,304,816 | $1,309,060 |
Next Charter School Derry, NH | $1,803,956 | $1,664,118 |
Making Community Connections Charter School Amherst, NH | $443,439 | $1,365,054 |
Gate City Charter School For The Arts Merrimack, NH | $402,137 | $1,441,405 |