Sankofa School Of Success Inc
- Assets
- $1.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Indianapolis, IN
- Founding
- 08/2019
- Data as of
- 06/2023
- EIN
- 83-2922025
Organization Overview
Sankofa School Of Success Inc is located in Indianapolis, IN. The organization was established in 2019. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Sankofa School Of Success Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sankofa School Of Success 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 06/2023, Sankofa School Of Success Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE CREATING AN ENVIRONMENT THAT IS SAFE, NURTURING AND SEEKS TO MEET THE STUDENTS' ACADEMIC, SOCIAL AND EMOTIONAL NEEDS THROUGH MASTERY LEARNING, MINDFULNESS AND A RIGOROUS EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATTENDANCE INCREASED 4.04% / CHRONIC ABSENTEEISM DECREASED 10.09% / SUSPENSIONS DECREASED BY 40%.
KEPT OUR TOTAL STAFF COST PERCENTAGE BETWEEN 88-92% OF OVERALL BUDGET.
MAINTAINED SEVEN FIGURES OF LIQUIDITY WITH OVER 250 DAY BURN RATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christena Wilkerson Board Chair | OfficerTrustee | 2 | $0 |
Erika Bullock Finance Chair | OfficerTrustee | 1 | $0 |
Latoya Williams Fundraising Chair | Trustee | 1 | $0 |
Keely Hughes Member | Trustee | 1 | $0 |
Karen Anillo Member | Trustee | 1 | $0 |
Tihesha Henderson Executive Director | Officer | 40 | $143,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $125,944 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,962,024 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,056 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,214,024 |
| Total Program Service Revenue | $0 |
| Investment income | $1,710 |
| 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 | $3,233,837 |
| 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. | $321,371 |
| Compensation of current officers, directors, key employees. | $76,569 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,521,381 |
| Pension plan accruals and contributions | $215,502 |
| Other employee benefits | $100,407 |
| Payroll taxes | $189,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,691 |
| Advertising and promotion | $79,008 |
| Office expenses | $42,931 |
| Information technology | $7,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,518 |
| Insurance | $20,749 |
| All other expenses | $0 |
| Total functional expenses | $2,639,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,674,195 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $202,307 |
| 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 | $22,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,899,252 |
| Accounts payable and accrued expenses | $57,085 |
| 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 | $57,085 |
| Net assets without donor restrictions | $1,842,167 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,899,252 |