Namaste Charter School Inc
- Assets
- $8.5m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 80
- Location
- Chicago, IL
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 20-0285795
Organization Overview
Namaste Charter School Inc is located in Chicago, IL. The organization was established in 2004. 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, Namaste Charter School Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Namaste 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, Namaste Charter School Inc generated $7.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 2.7% 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
TO PROVIDE EDUCATIONAL AND COMMUNITY OPPORTUNITIES TO CHILDREN IN GRADES KINDERGARTEN THROUGH GRADE EIGHT IN THE CITY OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL INSTITUTION FOR STUDENTS IN KINDERGARTEN THROUGH GRADE EIGHT. DURING THE YEAR ENDED JUNE 30, 2022, THE SCHOOL SERVED 441 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim O'toole President | OfficerTrustee | 0.5 | $0 |
Michel Mahaffey Secretary | OfficerTrustee | 0.5 | $0 |
R James Scott Treasurer | OfficerTrustee | 0.5 | $0 |
Martins Adeoye Director | Trustee | 0.5 | $0 |
Nicholas Decanay Director | Trustee | 0.5 | $0 |
Maricela Herrera Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,972,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,164,840 |
| Total Program Service Revenue | $359,328 |
| Investment income | $50,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,574,915 |
| 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. | $180,695 |
| Compensation of current officers, directors, key employees. | $45,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,190,286 |
| Pension plan accruals and contributions | $485,520 |
| Other employee benefits | $449,962 |
| Payroll taxes | $102,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,697 |
| Fees for services: Accounting | $63,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,765 |
| Advertising and promotion | $0 |
| Office expenses | $142,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $470,955 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $408,704 |
| Insurance | $21,908 |
| All other expenses | $8,351 |
| Total functional expenses | $7,472,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $526,495 |
| Accounts receivable, net | $109,950 |
| 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 | $56,971 |
| Net Land, buildings, and equipment | $5,050,593 |
| Investments—publicly traded securities | $1,391,099 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,547,071 |
| Accounts payable and accrued expenses | $715,774 |
| 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 | $787,103 |
| Total liabilities | $1,502,877 |
| Net assets without donor restrictions | $7,044,194 |
| 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 | $8,547,071 |