Gestalt Community Schools
- Assets
- $46.1m
- Revenue
- $27.3m
- Investments
- $0.0
- Employees
- 337
- Location
- Memphis, TN
- Founding
- 03/2009
- Data as of
- 06/2021
- EIN
- 26-2794676
Organization Overview
Gestalt Community Schools is located in Memphis, TN. The organization was established in 2009. 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, Gestalt Community Schools employed 337 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gestalt Community Schools 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, Gestalt Community Schools generated $27.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $24.6m during the year ending 06/2021. While expenses have increased by 3.5% 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 EMPOWER SCHOLARS TO BE COLLEGE-READY, CAREER-READY, AND COMMUNITY-READY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION OF FIVE CHARTER SCHOOLS THROUGH SHELBY COUNTY TENNESSEE SCHOOLS AND TWO CHARTER SCHOOLS THROUGH ACHIEVEMENT SCHOOL DISTRICT, SERVING SCHOLARS IN GRADES K-12, FROM DIVERSE AREAS OF THE CITY. CORE AND ADVANCED CURRICULUM COURSEWORK ARE OFFERED AS WELL AS SUPPLEMENTAL PROGRAMS WHICH INCLUDE ROBOTICS, BALLET, AND SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yetta Lewis Chief Executive Officer | OfficerTrustee | 40 | $183,670 |
Bobbie Turner Chief Academic Officer | 40 | $140,000 | |
Adrianna Butler Chief Operating Officer | Officer | 40 | $131,500 |
Norriese Rogers Chief Financial Officer | Officer | 40 | $128,865 |
Antonio Ryan School Leader | 40 | $115,460 | |
Michelle Jones-Wright School Leader | 40 | $112,060 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sla Management Student Meal Service | 6/29/20 | $803,818 |
Bluehub Loan Fund Inc Financing | 6/29/20 | $663,375 |
Venture Technologies Inc Gkr Technology Service | 6/29/20 | $516,519 |
Kimco Facility Services Janitorial Services | 6/29/20 | $378,011 |
Shelby County Schools Local Education Agency | 6/29/20 | $366,252 |
Sla Management Student Meal Service | 6/29/20 | $803,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,263,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $450,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,713,467 |
| Total Program Service Revenue | $22,115,625 |
| Investment income | $265,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $171,667 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,266,737 |
| 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. | $466,225 |
| Compensation of current officers, directors, key employees. | $466,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,014,929 |
| Pension plan accruals and contributions | $300,114 |
| Other employee benefits | $1,572,009 |
| Payroll taxes | $896,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $91,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,126 |
| Advertising and promotion | $9,898 |
| Office expenses | $478,043 |
| Information technology | $331,751 |
| Royalties | $0 |
| Occupancy | $2,449,869 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,034,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,804,790 |
| Insurance | $0 |
| All other expenses | $218,276 |
| Total functional expenses | $24,649,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,169,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,242,793 |
| Accounts receivable, net | $62,274 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,481,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $40,204 |
| Net Land, buildings, and equipment | $27,110,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,840 |
| Other assets | $4,995,592 |
| Total assets | $46,137,229 |
| Accounts payable and accrued expenses | $2,706,318 |
| 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 | $363,206 |
| Unsecured mortgages and notes payable | $21,374,647 |
| Other liabilities | $1,102,077 |
| Total liabilities | $25,546,248 |
| Net assets without donor restrictions | $19,013,665 |
| Net assets with donor restrictions | $1,577,316 |
| 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 | $46,137,229 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Gestalt Community Schools has recieved totaling $233,125.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: CHARTER SCHOOL GROWTH | $175,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $40,000 |
National Charter Collaborative Seattle, WA PURPOSE: SPECIAL ED RESEARCH | $18,000 |
J R Hyde Iii Foundation Memphis, TN PURPOSE: GENERAL OPERATING SUPPORT | $125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Arkansas Virtual Academy Little Rock, AR | $3,075,159 | $27,721,037 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |