Academics Plus Charter Schools Inc
- Assets
- $7.4m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 212
- Location
- Maumelle, AR
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 73-1574195
Organization Overview
Academics Plus Charter Schools Inc is located in Maumelle, AR. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Academics Plus Charter Schools Inc employed 212 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academics Plus Charter Schools 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 06/2021, Academics Plus Charter Schools Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $15.6m during the year ending 06/2021. While expenses have increased by 18.2% 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
PRESENTATION OF FORMAL INSTRUCTION WHICH HAS A FACULTY, A CURRICULUM, AN ENROLLED BODY OF STUDENTS, AND PLACE WHERE EDUCATION ACTIVITIES ARE REGULARLY SCHEDULED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Mcgill Executive Director | Officer | 40 | $135,486 |
Daren Sweat Treasurer | OfficerTrustee | 0.5 | $0 |
Mark Zellner Vice-Chair | OfficerTrustee | 0.5 | $0 |
Adria Conklin Chair | OfficerTrustee | 0.5 | $0 |
JD Lowery Secretary | OfficerTrustee | 0.5 | $0 |
Justin Simpson Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academics Plus Llc Facility Lease | 6/29/21 | $1,888,730 |
Maumelle Foundation For Education Facility Lease | 6/29/21 | $1,938,549 |
Kidsource Therapy Inc Occupational & Physical Therapy Services | 6/29/21 | $104,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,784,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $968,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,752,352 |
| Total Program Service Revenue | $33,384 |
| Investment income | $13,908 |
| 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 | $15,799,644 |
| 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. | $150,621 |
| Compensation of current officers, directors, key employees. | $150,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,557,949 |
| Pension plan accruals and contributions | $974,838 |
| Other employee benefits | $200,553 |
| Payroll taxes | $524,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,947 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300,832 |
| Advertising and promotion | $3,867 |
| Office expenses | $507,782 |
| Information technology | $595,063 |
| Royalties | $0 |
| Occupancy | $4,598,193 |
| Travel | $32,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,651 |
| All other expenses | $0 |
| Total functional expenses | $15,605,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,478,809 |
| Savings and temporary cash investments | $370,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,572 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,094,095 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,409,476 |
| Accounts payable and accrued expenses | $1,529,003 |
| 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 | $0 |
| Total liabilities | $1,529,003 |
| Net assets without donor restrictions | $3,953,596 |
| Net assets with donor restrictions | $1,926,877 |
| 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 | $7,409,476 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Academics Plus Charter Schools Inc has recieved totaling $500,050.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE PUBLIC CHARTER ELEMENTARY AND HIGH SCHOOL LOCATED IN MAUMELLE, ARKANSAS. | $500,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Awty International School Houston, TX | $207,829,354 | $57,840,310 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
E-Stem High Public Charter Schools Inc Little Rock, AR | $3,447,253 | $31,404,379 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
Memphis University School Memphis, TN | $70,155,448 | $22,467,122 |
St Georges Independent School Collierville, TN | $59,834,340 | $20,730,211 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Thaden School Bentonville, AR | $79,028,915 | $15,891,102 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Academics Plus Charter Schools Inc Maumelle, AR | $7,409,476 | $15,799,644 |