Inlet Grove Community High School Inc
- Assets
- $2.2m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 110
- Location
- Riviera Beach, FL
- Founding
- 05/2004
- Data as of
- 06/2022
- EIN
- 20-0350216
Organization Overview
Inlet Grove Community High School Inc is located in Riviera Beach, FL. 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, Inlet Grove Community High School Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inlet Grove Community High 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, Inlet Grove Community High School Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 5.2% 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
THE MISSION OF INLET GROVE COMMUNITY HIGH SCHOOL, INC. IS TO GRADUATE STUDENTS WITH THE SKILLS AND KOWLEDGE TO BE LIFELONG LEARNERS AND CONTINUED ON SCHEDULE O, STATEMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
INLET GROVE COMMUNITY HIGH SCHOOL IGCHS IS ONE OF THE TOP A RATED HIGH PERFORMING CHARTER SCHOOLS AND TOP RANKED CAREER CHOICE ACADEMIES IN PALM BEACH COUNTY. ACCORDING TO U.S. NEWS WORLD REPORT, IGCHS IS RANKED 217TH WITHIN FLORIDA, AND IS RANKED 4,013 IN THE NATIONAL RANKINGS ON ITS PERFORMANCE ON STATE-REQUIRED TESTS, GRADUATION AND HOW WELL STUDENTS ARE PREPARED FOR COLLEGE. THE ADVANCED PLACEMENT COURSEWORK AND EXAM PARTICIPATION RATE AT IGCHS IS 43. THE TOTAL MINORITY ENROLLMENT IS 93 AND 89 OF STUDENTS ARE ECONOMICALLY DISADVANTAGED. DUE TO OUR FOCUS ON COLLEGE AND CAREER PREPARATION, OUR ACCELERATION SUCCESS RATE IS 91, SECOND IN PALM BEACH COUNTY. OUR CURRENT GRADUATION RATE IS 98.2, OUTPERFORMING THE SCHOOL DISTRICT OF PALM BEACH COUNTY. OUR STUDENTS ACADEMIC PATHWAYS INCLUDE S.T.E.M. PROGRAMS WHICH RANK IN THE TOP 4 IN SCIENCE ACHIEVEMENT, DUAL ENROLLMENT, EARLY ADMISSION AND EARLY GRADUATION OPTIONS. STUDENTS CAN EARN CAREER CERTIFICATIONS AND COLLEGE CREDITS FROM THE FOLLOWING CHOICE ACADEMIES PRE-MEDICAL, PRACTICAL NURSING, CONTINUED BELOW
INLET GROVE CONTINUED FROM AVOVE PRE-ARCHITECTURE,/PRE-ENGINEERING, PRE-LAW, WEB-DESIGN, TELEVISION PRODUCTION, JOURNALISM, DIGITAL DESIGN, CULINARY ARTS, AND MARINE TECHNOLOGY MARINE SCIENCE. MORE THAN 25 CLUBS, ORGANIZATIONS, SPORTS PROGRAMS, AND ONLINE LEARNNG COURSES ARE OFFERED TO STUDENTS. THE STUDENT BODY MAKEUP IS 36 PERCENT MALE, 57 PERCENT FEMALE, AND TOTAL MINORITY ENROLLMENT IS 93 PERCENT.
VARIOUS AREAS OF THE SCHOOL FACILITY ARE MADE AVAILABLE FOR RENT TO SMALL OR LARGE GROPUS, CONGREGATIONS OF WORSHIP, COMMUNITY MEETINGS, AND PRACTICES ON A SHORT OR LONG TERM BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Emma T Banks Director / CEO | OfficerTrustee | 50 | $168,331 |
Charles Woodward Chairperson | Trustee | 2 | $0 |
Clarence Williams Secretary | Trustee | 2 | $0 |
Crystal Atkinson Treasurer, Parent Liasion | Trustee | 2 | $0 |
Lonnie Martens Vice-Chair | Trustee | 2 | $0 |
Lavoise Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,186,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,186,618 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| 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 | $8,186,671 |
| 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. | $684,425 |
| Compensation of current officers, directors, key employees. | $684,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,275,409 |
| Pension plan accruals and contributions | $482,292 |
| Other employee benefits | $256,630 |
| Payroll taxes | $363,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,694 |
| Fees for services: Accounting | $12,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,825 |
| Advertising and promotion | $0 |
| Office expenses | $69,356 |
| Information technology | $204,932 |
| Royalties | $0 |
| Occupancy | $1,144,777 |
| Travel | $12,444 |
| 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 | $57,385 |
| Insurance | $211,792 |
| All other expenses | $4,985 |
| Total functional expenses | $9,058,747 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,365 |
| Savings and temporary cash investments | $454,738 |
| 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 | $24,175 |
| Net Land, buildings, and equipment | $90,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,518,959 |
| Total assets | $2,203,905 |
| Accounts payable and accrued expenses | $387,812 |
| Grants payable | $0 |
| Deferred revenue | $49,706 |
| 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 | $20,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,052,010 |
| Total liabilities | $4,509,909 |
| Net assets without donor restrictions | -$2,376,291 |
| Net assets with donor restrictions | $70,287 |
| 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 | $2,203,905 |