Theodore R And Thelma A Gibson Charter School Inc
- Assets
- $1.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Miami, FL
- Founding
- 07/2003
- Data as of
- 06/2022
- EIN
- 02-0607895
Organization Overview
Theodore R And Thelma A Gibson Charter School Inc is located in Miami, FL. The organization was established in 2003. 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, Theodore R And Thelma A Gibson Charter School Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Theodore R And Thelma A Gibson Charter 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, Theodore R And Thelma A Gibson Charter School Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
ESTABLISHED AS A CHARTER SCHOOL OF THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA. THEODORE R. AND THELMA A. GIBSON CHARTER SCHOOL, INC.'S MISSION IS TO PREPARE ITS STUDENTS ACADEMICALLY AND SOCIALLY FOR SUCCESS IN A GLOBAL COMMUNITY WITH EMPHASIS IN ACADEMIC PROFICIENCY. THE CORE PHILOSOPHY AND UNDERLYING PURPOSE OF THE GIBSON CHARTER SCHOOL IS REFLECTED IN THE FOLLOWING CONCEPTS: HIGH EXPECTATIONS FOR STUDENTS AND TEACHERS, CREATIVE ENDEAVORS AS AN INTEGRAL PART OF THE STUDENT GROWTH AND DEVELOPMENT, AND AN INCREASE IN SELF-ESTEEM THROUGH MECHANICS THAT ENSURE THE IMPROVEMENT OF THE STUDENT'S SELF-IMAGE AS LEARNERS. STUDENT AND TEACHER ACCOUNTABILITY AND OWNERSHIP OF THE IDEA THAT SUCCESS BREEDS SUCCESS. THESE CONCEPTS ARE EMBODIED IN THE SCHOOL PROGRAM AND SERVE AS A VEHICLE TO INCREASE LEARNING OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES EDUCATION FOR CHILDREN FROM KINDERGARTEN THROUGH SIXTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2022, 144 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gibson Board Chair, President/director | OfficerTrustee | 2 | $0 |
Alex Tamargo Secretary, Treasurer | OfficerTrustee | 2 | $0 |
Sondra Wallace Director, Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adp Total Source Employee Leasing | 6/29/21 | $992,798 |
Archdiocese Of Miami Facility Leasing | 6/29/21 | $214,080 |
It Savvy Llc Computer Support And Service | 6/29/21 | $101,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,792,515 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,107,090 |
| Total Program Service Revenue | $27,001 |
| Investment income | $92 |
| 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 | $2,160,725 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $959,094 |
| Pension plan accruals and contributions | $12,170 |
| Other employee benefits | $180,353 |
| Payroll taxes | $0 |
| Fees for services: Management | $64,575 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,449 |
| Advertising and promotion | $1,902 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,817 |
| 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 | $56,477 |
| Insurance | $17,314 |
| All other expenses | $170,694 |
| Total functional expenses | $2,126,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,833 |
| Savings and temporary cash investments | $55,700 |
| Pledges and grants receivable | $0 |
| 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 | $395 |
| Net Land, buildings, and equipment | $126,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $792,897 |
| Total assets | $1,183,233 |
| Accounts payable and accrued expenses | $87,294 |
| 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 | $619,656 |
| Total liabilities | $706,950 |
| Net assets without donor restrictions | $476,283 |
| 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 | $1,183,233 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Theodore R And Thelma A Gibson Charter School Inc has recieved totaling $7,035.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: TO SUPPORT EDUCATION | | $7,035 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
National Ben Gamla Charter Schoolfoundation Inc Miami, FL | $11,814,149 | $15,804,589 |
Lincoln Marti Charter Schools Inc Miami, FL | $12,862,040 | $15,316,634 |
Ridgeview Global Studies Academy Inc Davenport, FL | $23,553,699 | $16,444,024 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |
City Of Belle Isle Charter Schools Inc Miami, FL | $12,550,374 | $14,274,361 |
Sarasota Military Academy Inc Sarasota, FL | $22,680,421 | $14,952,313 |
Minneola Charter Schools Inc Minneola, FL | $14,329,481 | $14,463,653 |