Coastal Leadership Academy
- Assets
- $5.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Myrtle Beach, SC
- Founding
- 07/2013
- Data as of
- 06/2022
- EIN
- 27-4672722
Organization Overview
Coastal Leadership Academy is located in Myrtle Beach, SC. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Coastal Leadership Academy employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Leadership Academy 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, Coastal Leadership Academy generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 8.3% 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
COASTAL LEADERSHIP ACADEMY'S MISSION IS TO ENGAGE STUDENTS IN AUTHENTIC PROJECT BASED LEARNING THAT WILL IMPROVE ACADEMIC ACHIEVEMENT, CRITICAL AND CREATIVE THINKING, AND AWARNESS OF THEIR LEADERSHIP ROLES IN OUR COMMUNITY AND ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COASTAL LEADERSHIP ACADEMY IS A PUBLIC CHARTER SCHOOL THAT ENGAGES STUDENTS IN AUTHENTIC PROJECT-BASED LEARNING THAT WILL IMPROVE ACADEMIC ACHIEVEMENT, CRITICAL AND CREATIVE THINKING, AND AWARNESS OF THEIR LEADERSHIP ROLES IN OUR COMMUNITY AND ENVIRONMENT.
CLA IS A SMALL CHARTER SCHOOL WHOSE FOCUS IS TO BUILD NEW LEADERS BY USING PROJECT-BASED LEARNING WHICH STRENGTHENS STUDENTS' ABILITY TO PROVIDE CREATIVE ANSWERS TO REAL WORLD PROBLEMS. PROJECT-BASED LEARNING IS A TEACHING METHOD IN WHICH STUDENTS GAIN KNOWLEDGE AND SKILLS BY WORKING FOR AN EXTENDED PERIOD OF TIME TO INVESTIGATE AND RESPOND TO AUTHENTIC, ENGAGING, AND COMPLEX QUESTIONS, PROBLEMS, OR CHALLENGES. PROJECT-BASED LESSONS ARE NOT STAND-ALONE BY SUBJECT BUT ON THE CONTRARY COMBINE WRITING, RESEARCHING, MATH, ARTS, AND SCIENCE TO USE A WHOLISTIC APPROACH TO SOLVING THE PROBLEM AT HAND.
TO BUILD LEADERS YOU MUST CREATE SERVERS. CLA REQUIRES COMMUNITY SERVICE FROM EVERY STUDENT AS A PART OF ITS CHARTER IN ORDER TO GRADUATE. CLA BELIEVES THAT SERVING THE COMMUNITY'S NEEDS IS HOW LEADERS ARE FOUNDED IN THEIR COMMUNITY. TO SERVE THE COMMUNITY THROUGH LEADERSHIP YOU MUST KNOW YOUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita D'ipolitto Vice Chair And Treasurer | OfficerTrustee | 5 | $0 |
Angela Harrell Secretary | OfficerTrustee | 5 | $0 |
Bridgett Fowler Board Chair | OfficerTrustee | 10 | $0 |
Robbie Donaldson Member | Trustee | 5 | $0 |
Melissa Dalton Member | Trustee | 5 | $0 |
Veda Nichols Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,918,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,919,285 |
| Total Program Service Revenue | $44,020 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,820 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,968,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,825 |
| Compensation of current officers, directors, key employees. | $94,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,252,892 |
| Pension plan accruals and contributions | $28,950 |
| Other employee benefits | $179,713 |
| Payroll taxes | $105,787 |
| Fees for services: Management | $95,057 |
| Fees for services: Legal | $54,242 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,779 |
| Advertising and promotion | $637 |
| Office expenses | $6,751 |
| Information technology | $8,013 |
| Royalties | $0 |
| Occupancy | $286,174 |
| Travel | $9,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $300,129 |
| Insurance | $15,144 |
| All other expenses | $20,650 |
| Total functional expenses | $2,927,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,479 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,980 |
| 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 | $31,745 |
| Net Land, buildings, and equipment | $4,200,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $418,435 |
| Total assets | $4,998,387 |
| Accounts payable and accrued expenses | $148,892 |
| Grants payable | $0 |
| Deferred revenue | $96,031 |
| 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 | $4,256,728 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,956 |
| Total liabilities | $4,508,607 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $489,780 |
| 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 | $4,998,387 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coastal Leadership Academy has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
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 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
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 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |
Wesley International Academy Inc Atlanta, GA | $9,201,005 | $14,194,787 |