Gestalt Community Schools
- Assets
- $50.4m
- Revenue
- $38.1m
- Investments
- $0.0
- Employees
- 447
- Location
- Memphis, TN
- Founding
- 03/2009
- Data as of
- 06/2023
- 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 06/2023, Gestalt Community Schools employed 447 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 06/2023, Gestalt Community Schools generated $38.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $37.1m during the year ending 06/2023. While expenses have increased by 8.0% per year over the past 8 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
2023
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 | $207,700 |
Kristin Walker Burt Director | Trustee | 2 | $0 |
Tanika Yancy Director | Trustee | 2 | $0 |
Greta Raggs Director | Trustee | 2 | $0 |
Michelle Lady Director | Trustee | 2 | $0 |
David Selberg Director | Trustee | 2 | $0 |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,909,142 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,217,812 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,126,954 |
| Total Program Service Revenue | $25,195,165 |
| Investment income | $212,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $493,796 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,080,706 |
| 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. | $682,293 |
| Compensation of current officers, directors, key employees. | $682,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,745,601 |
| Pension plan accruals and contributions | -$688,802 |
| Other employee benefits | $2,296,714 |
| Payroll taxes | $1,238,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,089,382 |
| Advertising and promotion | $10,150 |
| Office expenses | $708,033 |
| Information technology | $64,712 |
| Royalties | $0 |
| Occupancy | $3,595,969 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,446,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,349,586 |
| Insurance | $0 |
| All other expenses | $699,661 |
| Total functional expenses | $37,114,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,759,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,283,408 |
| Accounts receivable, net | $22,732 |
| 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 | $0 |
| Net Land, buildings, and equipment | $25,300,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $415,615 |
| Other assets | $13,175,827 |
| Total assets | $50,438,772 |
| Accounts payable and accrued expenses | $2,521,129 |
| 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 | $18,840,634 |
| Other liabilities | $3,689,407 |
| Total liabilities | $25,051,170 |
| Net assets without donor restrictions | $22,278,715 |
| Net assets with donor restrictions | $3,108,887 |
| 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 | $50,438,772 |