Tennessee Charter School Incubator Inc
- Assets
- $821.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Nashville, TN
- Founding
- 02/2011
- Data as of
- 12/2023
- EIN
- 27-1799465
Organization Overview
Tennessee Charter School Incubator Inc is located in Nashville, TN. The organization was established in 2011. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, Tennessee Charter School Incubator Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Charter School Incubator 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 12/2023, Tennessee Charter School Incubator Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. 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 SUPPORT AND CULTIVATE HIGH-PERFORMING PUBLIC CHARTER SCHOOLS AND ADVOCATE FOR AUTONOMY, ACCOUNTABILITY, AND CHOICE IN PUBLIC EDUCATION IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE CHARTER SCHOOL CENTER (TCSC) IS PLAYING A CRITICAL ROLE IN PROVIDING TECHNICAL SUPPORT TO NEW AND HIGH-QUALITY PUBLIC CHARTER SCHOOLS IN TENNESSEE AND ADVOCATING FOR POLICIES AT THE LOCAL AND STATE LEVEL IN AN EFFORT TO ENABLE PUBLIC CHARTER SCHOOLS TO GROW AND OPERATE SUCCESSFULLY. TCSC PROVIDED TECHNICAL ASSISTANCE AND COMPLIANCE SUPPORT TO CHARTER SCHOOLS ACROSS THE STATE. TCSC MONITORED NUMEROUS BILLS DURING THE LEGISLATIVE SESSION AND ADVOCATED FOR KEY POLICIES THAT HELPED SUPPORT THE PUBLIC CHARTER SCHOOL LANDSCAPE IN TENNESSEE.
SUPPORTING HIGH QUALITY SCHOOLS TCSC HOSTED MULTIPLE TRAININGS COVERING: ADVANCING EQUITY, CHARTER SCHOOL MANAGEMENT, CHARTER 101, SPECIAL EDUCATION, AND CHARTER FACILITY TRAINING. TCSC WAS ABLE TO ASSIST SCHOOLS WITH SOURCING CAPITAL FOR FACILITIES PROJECTS, WHICH DIRECTLY LOWERED THE COST OF BORROWING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maya Bugg President/ce | 40 | $226,338 | |
Elizabeth Fiveash Chief Policy | 40 | $158,573 | |
Cameron Quick Chief Operat | Officer | 40 | $161,025 |
Emily Lilley VP External | 40 | $107,762 | |
Chris Barbic Board Chair | OfficerTrustee | 1 | $0 |
Townes Duncan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $820,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,070 |
| Total Program Service Revenue | $254,096 |
| Investment income | $962 |
| 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 | $1,075,128 |
| 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 | $434,415 |
| Other salaries and wages | $626,273 |
| Pension plan accruals and contributions | $18,085 |
| Other employee benefits | $106,231 |
| Payroll taxes | $74,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,990 |
| Fees for services: Accounting | $29,406 |
| Fees for services: Lobbying | $78,151 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,236 |
| Advertising and promotion | $0 |
| Office expenses | $6,615 |
| Information technology | $29,033 |
| Royalties | $0 |
| Occupancy | $42,148 |
| Travel | $66,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,755 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,992 |
| All other expenses | $0 |
| Total functional expenses | $1,895,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,731 |
| Savings and temporary cash investments | $200,143 |
| Pledges and grants receivable | $500,000 |
| 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 | $7,614 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,149 |
| Total assets | $821,637 |
| Accounts payable and accrued expenses | $13,475 |
| 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 | $55,125 |
| Total liabilities | $68,600 |
| Net assets without donor restrictions | $253,037 |
| Net assets with donor restrictions | $500,000 |
| 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 | $821,637 |
Grants Awarded
Over the last fiscal year, Tennessee Charter School Incubator Inc has awarded $644,307 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GATEWAY UNIVERSITY PURPOSE: SCHOOL STARTUP OPERATIONS | $316,025 |
KALEIDOSCOPE SCHOOL OF MEMPHIS PURPOSE: school startup operations | $298,282 |
NASHVILLE CLASSICAL CHARTER PURPOSE: professional development | $10,000 |
KNOWLEDGE ACADEMIES INC PURPOSE: professional development | $10,000 |
MEMPHIS COLLEGE PREPARATORY SCHOOL PURPOSE: professional development | $10,000 |