Sigsbee Charter School Inc
- Assets
- $24.3m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 103
- Location
- Key West, FL
- Founding
- 10/2009
- Data as of
- 06/2024
- EIN
- 36-4647986
Organization Overview
Sigsbee Charter School Inc is located in Key West, FL. The organization was established in 2009. 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 06/2024, Sigsbee Charter School Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sigsbee 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 06/2024, Sigsbee Charter School Inc generated $13.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $8.8m during the year ending 06/2024. While expenses have increased by 7.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH INNOVATIVE APPROACHES, SIGSBEE CHARTER SCHOOL INSPIRES CRITICAL THINKING AND PROMOTES EMPATHY, FOCUSING ON THE UNIQUE NEEDS OF THE MILITARY CHILD. THE ORGANIZATION PROVIDE EACH CHILD WITH OPPORTUNITIES AND SKILL SETS TO REALIZE HIS OR HER FULLEST PORTENTIAL. WE AIM TO INSPIRE AND EMPOWER STUDENTS TO BECOME LIFELONG LEARNERS WHO MEET HIGH ACADEMIC STANDARDS AND DEMONSTRATE RESPONSIBLE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL SERVICES: TO PROVIDE CHILDREN FROM KINDERGARTEN THROUGH EIGHTH GRADEAN EDUCATION BY CAPTIVATING STUDENTS THROUGH MARINE-SCIENCE, ENVIORNMENTAL EDUCATION PROGRAM THAT CAPITALIZES ON THE LOCAL MARINE SANCTUARY. THE CURRICULUM OFFERS INTEGRATED STUDIES THAT ENGAGE STUDENTS WITH THE ENVIORNMENT THROUGH LOCAL FIELD TRIPS AND INQUIRY PROJECTS. OUR SCIENCE PROGRAM IS ROOTED IN BACKWARD CURRICULUM DESIGN. OUR LITERACY PROGRAM FOLLOWS A BALANCED LITERACY APPROACH. MATH ISTRUCTION IS CRAFTED AROUND THE MATHEMATICAL PRACTICES. STUDENTS PARTICIPATE IN EXPLORATORY CULTURAL ARTS PROGRAMS ON A DAILY BASIS, INCLUDING MUSIC, ART, TECHNOLOGY, MEDIA AND PHYSICAL EDUCATION. THE ORGANIZATION SERVED APPROXIMATELY 543 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Eadie President, Director | OfficerTrustee | 10 | $0 |
Jim Scholl President, Director (resigned December 2023) | OfficerTrustee | 1 | $0 |
Kevin Madok Vice President,director | OfficerTrustee | 5 | $0 |
Lisa Morris Secretary, Director | OfficerTrustee | 5 | $0 |
Mark Finigan Treasurer, Director | OfficerTrustee | 5 | $0 |
Michelle Maxwell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Florida Fence Corporation Fencing Services | 6/29/24 | $319,625 |
Home Services Key West Llc Cleaning Services | 6/29/24 | $133,350 |
Divoll Construction Inc Construction | 6/29/24 | $100,914 |
American Cooling Service Llc Air Conditioning Services | 6/29/24 | $100,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,497,078 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,552,573 |
| Total Program Service Revenue | $79,151 |
| Investment income | $376,212 |
| 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 | $13,024,739 |
| 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 | $6,438,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $725,896 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $146,913 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,849 |
| 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 | $416,513 |
| Insurance | $361,722 |
| All other expenses | $159,449 |
| Total functional expenses | $8,847,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,844,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,956 |
| 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 | $908,579 |
| Net Land, buildings, and equipment | $10,440,346 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,315,580 |
| Accounts payable and accrued expenses | $738,959 |
| 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 | $738,959 |
| Net assets without donor restrictions | $21,083,994 |
| Net assets with donor restrictions | $2,492,627 |
| 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 | $24,315,580 |