Clover Garden School Inc
- Assets
- $27.0m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 88
- Location
- Burlington, NC
- Founding
- 01/2006
- Data as of
- 06/2022
- EIN
- 04-3791250
Organization Overview
Clover Garden School Inc is located in Burlington, NC. The organization was established in 2006. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Clover Garden School Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clover Garden 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, Clover Garden School Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN BURLINGTON, NC SERVING APPROXIMATELY 650 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy June Chairperson | OfficerTrustee | 3.07 | $0 |
Amy Murrel Secretary | OfficerTrustee | 0.46 | $0 |
Chad Huffines Vice Chair | OfficerTrustee | 9.61 | $0 |
Ashley Lane Treasurer | OfficerTrustee | 2.76 | $0 |
Lynn Foster Board Member | Trustee | 0.78 | $0 |
Travis Hackney Board Member | Trustee | 1.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $542,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $547,525 |
| Total Program Service Revenue | $6,207,021 |
| 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 | $6,754,546 |
| 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 | $3,359,754 |
| Pension plan accruals and contributions | $91,041 |
| Other employee benefits | $425,662 |
| Payroll taxes | $257,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,854 |
| Fees for services: Accounting | $8,216 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,092 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $167,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $126,731 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,186 |
| Insurance | $40,946 |
| All other expenses | $0 |
| Total functional expenses | $6,758,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,330,959 |
| Savings and temporary cash investments | $15,886,891 |
| Pledges and grants receivable | $125,804 |
| 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 | $80,964 |
| Net Land, buildings, and equipment | $7,049,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,523,617 |
| Total assets | $26,998,192 |
| Accounts payable and accrued expenses | $47,498 |
| 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 | $19,375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,880,273 |
| Total liabilities | $27,302,771 |
| Net assets without donor restrictions | -$304,579 |
| 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 | $26,998,192 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clover Garden School Inc has recieved totaling $7,611.
| Awarding Organization | Amount |
|---|---|
North Carolina High School Athletic Chapel Hill, NC PURPOSE: TO SUBSIDIZE SCHOOL COSTS. | $7,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Advancing Native Missions Afton, VA | $4,333,922 | $11,124,622 |
National Pro-Life Alliance Springfield, VA | $3,799,169 | $8,934,186 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |
Artists In Christian Testimony Brentwood, TN | $4,393,846 | $10,064,345 |
South Carolina Christian Foundation Spartanburg, SC | $40,412,678 | $17,223,785 |
Acca Inc Annandale Christian Community For Action Annandale, VA | $4,445,077 | $8,164,971 |