Odyssey Online Learning
- Assets
- $2.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Chapin, SC
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 26-3527171
Organization Overview
Odyssey Online Learning is located in Chapin, SC. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Odyssey Online Learning employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odyssey Online Learning 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, Odyssey Online Learning generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.1m during the year ending 06/2022. While expenses have increased by 0.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF ODYSSEY ONLINE LEARNING IS TO PROVIDE A HIGH-QUALITY EDUCATION FOR A WIDE VARIETY OF STUDENTS BY OFFERING ALTERNATIVE SOLUTIONS TO TRADITIONAL SCHOOLING WHILE ASSISTING STUDENTS IN ACHIEVING THE KNOWLEDGE AND SKILLS TO REACH THEIR HIGHEST POTENTIAL WITHIN A FLEXIBLE AND TAILORED EDUCATIONAL PROGRAM THAT FOSTERS LIFELONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEADQUARTERED IN CHAPIN, ODYSSEY ONLINE LEARNING IS A STATEWIDE, ENROLLMENT STATEWIDE IS APPROXIMATELY 500 STUDENTS, WITH 38 OF THE 46 COUNTIES OF SOUTH CAROLINA REPRESENTED IN OUR STUDENT BODY. THE SCHOOL OPENED IN 2009 (UNDER A DIFFERENT NAME) AND TRANSITIONED TO THE CURRENT SCHOOL NAME IN 2016 AND CURRENT CURRICULUM IN 2019.
ODYSSEY'S CURRICULUM IS PURCHASED FROM EDMENTUM. THE PLATFORM USED ALLOWS US TO MODIFY THE COURSES OFFERED TO BEST MEET THE NEEDS OF THE STUDENTS IN OUR CLASSROOMS EACH YEAR. ALL COURSES ARE ALIGNED TO SOUTH CAROLINA STANDARDS AND DESIGNED WITH THE UNIQUE NEEDS OF VIRTUAL STUDENTS IN MIND.
THE TEACHERS AT OOL ARE CERTIFIED IN SOUTH CAROLINA AND UNIQUELY EQUIPPED TO TEACH STUDENTS IN AN ONLINE SETTING. MOST HAVE TAKEN COURSES AS AN ONLINE LEARNER THEMSELVES, MANY HAVE TAKEN COURSES SPECIFICALLY DESIGNED TO TRAIN THEM TO TEACH IN AN ONLINE SETTING AND ALL HAVE RECEIVED PROFESSIONAL DEVELOPMENT TO FURTHER THEIR CAPACITIES AS AN ONLINE INSTRUCTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Jane Walker Member | Trustee | 2 | $0 |
Marquis Flemings Member | Trustee | 2 | $0 |
Kendall Mccarty Vice Chairman | OfficerTrustee | 2 | $0 |
Amy Cox Treasurer | OfficerTrustee | 2 | $0 |
Penny Mcdaniel Secretary | OfficerTrustee | 2 | $0 |
Tracey Stuckey Chairman | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,401,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,401,918 |
| Total Program Service Revenue | $0 |
| Investment income | $131 |
| 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 | $3,402,049 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,207,417 |
| Pension plan accruals and contributions | $217,529 |
| Other employee benefits | $130,092 |
| Payroll taxes | $122,996 |
| Fees for services: Management | $45,351 |
| Fees for services: Legal | $3,602 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,250 |
| Advertising and promotion | $38,067 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,038 |
| Travel | $42,043 |
| 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 | $1,838 |
| Insurance | $32,836 |
| All other expenses | $20,770 |
| Total functional expenses | $3,082,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,445,327 |
| Savings and temporary cash investments | $0 |
| 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 | $166,953 |
| Net Land, buildings, and equipment | $5,978 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,291,485 |
| Total assets | $2,909,743 |
| Accounts payable and accrued expenses | $98,637 |
| Grants payable | $0 |
| Deferred revenue | $104,703 |
| 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 | $4,159,797 |
| Total liabilities | $4,363,137 |
| Net assets without donor restrictions | -$1,453,394 |
| 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 | $2,909,743 |