Tmsa Incorporated
- Assets
- $11.3m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 88
- Location
- College Park, GA
- Founding
- 05/2010
- Data as of
- 06/2021
- EIN
- 27-1156485
Organization Overview
Tmsa Incorporated is located in College Park, GA. The organization was established in 2010. 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, Tmsa Incorporated employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tmsa Incorporated 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, Tmsa Incorporated generated $9.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $8.8m during the year ending 06/2021. While expenses have increased by 5.4% 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
AT THE MAIN STREET ACADEMY, ALL STUDENTS WILL RECEIVE A CHALLENGING AND ENRICHING EDUCATION FROM A DEDICATED AND STUDENT-FOCUSED STAFF IN PARTNERSHIP WITH HIGHLY-INVOLVED PARENTS. STUDENTS WILL LEAVE THE MAIN STREET ACADEMY WITH HIGH EXPECTATIONS OF THEMSELVES AS THEY PREPARE FOR FURTHER EDUCATION AND BECOME CONTRIBUTING MEMBERS OF THEIR DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TITLE I FUNDS ARE USED TO SUPPORT THE EDUCATION OF OUR STUDENTS IN CORE SUBJECTS LIKE READING, MATH, AND SCIENCE WITH A FOCUS ON STRUGGLING LEARNERS.
NATIONAL FOOD PROGRAM FUNDS ARE PROVIDED TO SUPPORT OUR MEAL PROGRAMS FOR FREE AND REDUCED STUDENTS.
AFTERCARE PROGRAM PROVIDES BEFORE AND AFTERCARE FOR STUDENTS AFTER SCHOOL HOURS.
OTHER SCHOOL RELATED EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Wells Board Chair | OfficerTrustee | 15 | $0 |
Carla Wagner Secretary | OfficerTrustee | 3 | $0 |
Bridgett Bell Treasurer | OfficerTrustee | 7 | $0 |
Jennifer Fine Ex-Officio President | Officer | 7 | $0 |
Cheryl Parker Ex-Officio Director As Principal | Officer | 1 | $0 |
Mitch Foster II Vice Chair | Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campus Caterers Food Vendor | 6/29/15 | $378,007 |
Edison Learning Management Fees | 6/29/15 | $250,000 |
College Park First Umc Rent | 6/29/15 | $230,540 |
St John's Episcopal Church Rent | 6/29/15 | $102,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,402,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,233,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,635,466 |
| Total Program Service Revenue | $7,165 |
| Investment income | $0 |
| 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 | $9,642,631 |
| 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 | $4,365,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,040,922 |
| Payroll taxes | $70,700 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,130 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,832 |
| Advertising and promotion | $0 |
| Office expenses | $27,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,731 |
| Travel | $1,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536,556 |
| Insurance | $69,741 |
| All other expenses | $218,810 |
| Total functional expenses | $8,826,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,651,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $326,493 |
| 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 | $29,686 |
| Net Land, buildings, and equipment | $3,086,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,181,355 |
| Total assets | $11,275,368 |
| Accounts payable and accrued expenses | $593,293 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $684,649 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $577,760 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,479,755 |
| Total liabilities | $10,335,457 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$883,834 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,823,745 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,275,368 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |