Exalt Education Inc
- Assets
- $535.5k
- Revenue
- $863.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Little Rock, AR
- Founding
- 01/2014
- Data as of
- 06/2020
- EIN
- 45-2973628
Organization Overview
Exalt Education Inc is located in Little Rock, AR. The organization was established in 2014. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2020, Exalt Education Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exalt Education 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 06/2020, Exalt Education Inc generated $863.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $638.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (16.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE CAREERS BY MANAGING PUBLIC CHARTER SCHOOLS THAT ACCELERATE THEIR ACADEMIC LEARNING AND HOLISTIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXALT EDUCATION HELPS TO IMPROVE THE SCHOOL'S ACADEMIC PERFORMANCE AND FISCAL POSITION.
EXALT EDUCATION HELPS TO IMPROVE THE SCHOOL'S ACADEMIC PERFORMANCE AND FISCAL POSITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Tiede COO | Officer | 30 | $102,253 |
Christina Long Cao | Officer | 40 | $102,253 |
Bonnie Johnson Board Chair | OfficerTrustee | 1 | $0 |
Jeff Laux Secretary/tr | OfficerTrustee | 1 | $0 |
Benjamin Lindquist Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $863,471 |
| Statement of Expenses | |
|---|---|
| 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. | $204,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,550 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,747 |
| Payroll taxes | $31,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,000 |
| Fees for services: Accounting | $12,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,167 |
| Advertising and promotion | $142 |
| Office expenses | $15,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,804 |
| 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 | $0 |
| Insurance | $4,891 |
| All other expenses | $0 |
| Total functional expenses | $638,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,046 |
| 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 | $3,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,668 |
| Total assets | $535,522 |
| Accounts payable and accrued expenses | $46,949 |
| 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 | $600,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $646,949 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$111,427 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Exalt Education Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Public School Resource Center Inc Little Rock, AR PURPOSE: DEVELOPMENT | $19,809 |
Arkansas Public School Resource Center Inc Little Rock, AR PURPOSE: DEVELOPMENT | $15,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lctcs Facilities Corporation New Orleans, LA | $415,855,492 | $43,562,374 |
Cumberland Academy Tyler, TX | $91,837,212 | $22,775,705 |
Journey Community Schools Inc Memphis, TN | $16,345,861 | $21,829,852 |
Healthy School Food Collaborative New Orleans, LA | $2,253,600 | $20,882,496 |
Provident Oklahoma Education Resources Baton Rouge, LA | $5,000 | $54,481,089 |
Redesign Schools Louisiana Baton Rouge, LA | $2,219,135 | $10,040,399 |
Learn Lonestar Education And Research Network Lubbock, TX | $26,698,796 | $7,275,450 |
Learning Forward Richardson, TX | $5,036,186 | $5,068,048 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Wilco Montessori Partners Georgetown, TX | $1,123,507 | $4,175,636 |
Catalyst Education New Orleans, LA | $4,849,256 | $2,637,014 |
Orchard Foundation Alexandria, LA | $7,454,172 | $2,296,059 |