Namaste Charter School Inc
- Assets
- $8.6m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 83
- Location
- Chicago, IL
- Founding
- 04/2004
- Data as of
- 06/2021
- 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 06/2021, Namaste Charter School Inc employed 83 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 06/2021, Namaste Charter School Inc generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
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, 2021, THE SCHOOL SERVED 446 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Shaw Executive Director | Officer | 40 | $146,647 |
Cathy Calhoun President | OfficerTrustee | 0.5 | $0 |
Doug Vahey Vice President | OfficerTrustee | 0.5 | $0 |
Jim O'toole Secretary | OfficerTrustee | 0.5 | $0 |
R James Scott Treasurer | OfficerTrustee | 0.5 | $0 |
Maricela Herrera Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,268,617 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,637 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,410,254 |
| Total Program Service Revenue | $783,144 |
| Investment income | $24,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$360 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,217,218 |
| 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. | $163,965 |
| Compensation of current officers, directors, key employees. | $40,991 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,848,828 |
| Pension plan accruals and contributions | $426,254 |
| Other employee benefits | $359,519 |
| Payroll taxes | $129,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,177 |
| Fees for services: Accounting | $57,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,786 |
| Advertising and promotion | $0 |
| Office expenses | $111,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $446,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $410,251 |
| Insurance | $23,886 |
| All other expenses | $6,562 |
| Total functional expenses | $7,194,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,791 |
| Accounts receivable, net | $61,925 |
| 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 | $53,014 |
| Net Land, buildings, and equipment | $5,408,468 |
| Investments—publicly traded securities | $1,594,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,593,334 |
| Accounts payable and accrued expenses | $470,154 |
| 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 | $150,000 |
| Other liabilities | $777,804 |
| Total liabilities | $1,397,958 |
| Net assets without donor restrictions | $7,195,376 |
| 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 | $8,593,334 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Namaste Charter School Inc has recieved totaling $40,160.
| Awarding Organization | Amount |
|---|---|
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $15,000 |
Fifth Third Bank Chicagoland Foundation Rosemont, IL PURPOSE: EDUCATION | $10,000 |
Fifth Third Bank Chicagoland Foundation Rosemont, IL PURPOSE: EDUCATION | $10,000 |
Dr Scholl Foundation Northbrook, IL PURPOSE: MIDDLE SCHOOL STUDENT AND FAMILY SUPPORT PROGRAMS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $160 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seeds Of Health Milwaukee, WI | $21,433,274 | $18,248,715 |
Ewing Marion Kauffman School Inc Kansas City, MO | $12,328,924 | $22,686,630 |
Hmong American Peace Academy Ltd Milwaukee, WI | $62,055,663 | $22,180,285 |
Crossroads Charter Schools Kansas City, MO | $14,061,355 | $16,288,564 |
Career Academy Of South Bend Inc South Bend, IN | $28,812,268 | $15,770,291 |
Southland College Prep Charter School Inc Richton Park, IL | $5,970,929 | $14,846,011 |
21st Century Charter School At Gary Inc Indianapolis, IN | $16,296,159 | $15,193,404 |
Avondale Meadows Academy Inc Indianapolis, IN | $23,354,036 | $14,362,990 |
Herron High School Inc Indianapolis, IN | $19,992,400 | $15,381,017 |
Tindley Accelerated Schools Inc Indianapolis, IN | $17,393,569 | $14,658,459 |
Lighthouse Academies Of Indiana Inc Indianapolis, IN | $16,035,849 | $15,931,838 |
Paramount School Of Excellence Incorporated Indianapolis, IN | $17,346,083 | $12,116,236 |