Crosstown High School Inc
- Assets
- $11.1m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 69
- Location
- Memphis, TN
- Founding
- 07/2016
- Data as of
- 06/2022
- EIN
- 81-0717938
Organization Overview
Crosstown High School Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Crosstown High School Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosstown High 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 06/2022, Crosstown High School Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $8.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CROSSTOWN HIGH SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PREPARES STUDENTS FOR COLLEGE, CAREER, AND LIFE THROUGH PERSONALIZED LEARNING PLANS AND PROJECT-BASED LEARNING; EXPOSURE TO A DIVERSE COMMUNITY; AND CRITICAL RELATIONSHIPS WITH COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO FOSTER PROJECT-BASED LEARNING AND PROBLEM SOLVING TO PREPARE STUDENTS TO SUCCESSFULLY ADDRESS ISSUES FACING LOCAL BUSINESSES AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Terrill Executive Director | Officer | 40 | $223,801 |
Meg Crosby Vice Chair | OfficerTrustee | 10 | $0 |
Tom Marino Treasurer | OfficerTrustee | 10 | $0 |
Justin Jamerson Chairman | OfficerTrustee | 10 | $0 |
Dr Todd Richardson Board Member | Trustee | 10 | $0 |
Santiago Arbelaez Board Member | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,438,038 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,807,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,245,067 |
| Total Program Service Revenue | $54,013 |
| Investment income | $0 |
| 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 | $7,299,080 |
| 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. | $223,801 |
| Compensation of current officers, directors, key employees. | $223,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,008,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $447,703 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $652,826 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,976 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $336,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,298,212 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,460,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,510,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,304 |
| 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 | $78,481 |
| Net Land, buildings, and equipment | $3,244,020 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,326,773 |
| Other assets | $1,789,785 |
| Total assets | $11,113,071 |
| Accounts payable and accrued expenses | $191,680 |
| 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 | $8,571,363 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,085,415 |
| Total liabilities | $10,848,458 |
| Net assets without donor restrictions | -$1,045,868 |
| Net assets with donor restrictions | $1,310,481 |
| 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 | $11,113,071 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Crosstown High School Inc has recieved totaling $1,645,000.
| Awarding Organization | Amount |
|---|---|
Xq Institute Oakland, CA PURPOSE: SUPPORT THE HIGH SCHOOL IN THEIR WORK TO RE-IMAGINE AND RE-DESIGN THEIR SCHOOL. | $1,644,907 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Academies Of Arkansas Inc North Little Rock, AR | $582,799 | $18,301,867 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |