Invest Collegiate Imagine Inc

Organization Overview

Invest Collegiate Imagine Inc is located in Asheville, NC. The organization was established in 2018. 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, Invest Collegiate Imagine Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Invest Collegiate Imagine 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, Invest Collegiate Imagine Inc generated $14.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $15.3m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A PUBLIC CHARTER SCHOOL, SERVING GRADES K-12, IN ASHVEILLE, NC

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATED AS A PUBLIC CHARTER SCHOOL IN ASHEVILLE, NC SERVING APPROXIMATELY 1,214 STUDENTS FOR THE FISCAL YEAR ENDING 06/30/2022.


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Board, Officers & Key Employees

Name (title)Compensation
Laura J Townley
Headmaster
$102,853
Adam Kissel
Chair
$0
Dean Rutter
Vice Chair
$0
Caleb Coaplen
Secretary
$0
Drew Power
Treasurer
$0
Mark Rudolph
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vanguard Modular Building Systems Llc
Rent
$348,205
Biltmore Commercial Properties Llc
Rent
$181,931
Biltmore Commercial Properties Llc
Rent
$181,931
Vanguard Modular Building Systems Llc
Rent
$348,205
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$1,000
Related organizations$0
Government grants $13,790,563
All other contributions, gifts, grants, and similar amounts not included above$132,078
Noncash contributions included in lines 1a–1f $32,611
Total Revenue from Contributions, Gifts, Grants & Similar$13,923,641
Total Program Service Revenue$316,118
Investment income $11,175
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $24,708
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $31,661
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,359,175

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Invest Collegiate Imagine Inc has recieved totaling $2,389.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$2,389
View Grant Recipient Profile

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