Frederick Classical Charter School Inc
- Assets
- $2.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 03/2011
- Data as of
- 06/2022
- EIN
- 27-1731811
Organization Overview
Frederick Classical Charter School Inc is located in Frederick, MD. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frederick Classical Charter 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, Frederick Classical Charter School Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 4.3% 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
TO PROVIDE ELEMENTARY AND MIDDLE SCHOOL-AGED CHILDREN IN FREDERICK COUNTY WITH A WELL-ROUNDED, COLLEGE-FOCUSED INSTRUCTIONAL PROGRAM THAT DEVELOPS STUDENT'S KNOWLEDGE, REASON, AND SELF-EXPRESSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOL
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nkechi Ileka-Adeoye President | OfficerTrustee | 20 | $0 |
Debbie Shoffner Vice President | OfficerTrustee | 20 | $0 |
Lei Sun Secretary | OfficerTrustee | 20 | $0 |
Rebeccah Brooking Director | Trustee | 20 | $0 |
Angie Custer Director | Trustee | 20 | $0 |
Debbie Nnameka Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $606,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,642 |
| Total Program Service Revenue | $4,051,117 |
| Investment income | $2,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,267 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,717,350 |
| 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 | $2,535,528 |
| Pension plan accruals and contributions | $109,812 |
| Other employee benefits | $364,347 |
| Payroll taxes | $186,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,586 |
| Fees for services: Accounting | $68,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,961 |
| Advertising and promotion | $953 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $751,474 |
| Travel | $0 |
| 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 | $79,375 |
| Insurance | $26,682 |
| All other expenses | $0 |
| Total functional expenses | $4,526,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,987 |
| Savings and temporary cash investments | $1,363,517 |
| 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 | $15,780 |
| Net Land, buildings, and equipment | $91,397 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,069,681 |
| Accounts payable and accrued expenses | $87,824 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,824 |
| Net assets without donor restrictions | $1,981,857 |
| 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 | $2,069,681 |