Polaris Charter School
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Manchester, NH
- Founding
- 06/2013
- Data as of
- 06/2022
- EIN
- 45-3814187
Organization Overview
Polaris Charter School is located in Manchester, NH. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Polaris Charter School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polaris Charter School 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, Polaris Charter School generated $1.1m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 9.8% per year over the past 3 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 CREATE A JOYFUL AND EXCITING LEARNING COMMUNITY FOR INTELLECTUALLY CURIOUS ELEMENTARY-AGED CHILDREN. THROUGH AN ENGAGING, INQUIRY-BASED CURRICULUM, OUR STUDENTS WILL DEVELOP THE ABILITY TO COMMUNICATE EFFECTIVELY, WORK COLLABORATIVELY, THINK CRITICALLY, AND EXCEL ACADEMICALLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEMENTARY EDUCATION POLARIS CHARTER SCHOOL IS A RIGOROUS, PROJECT-BASED ELEMENTARY SCHOOL THAT ENCOURAGES ACCELERATED LEARNING WITH A MOVE-ON-WHEN-READY APPROACH. EACH STUDENT HAS A PERSONAL LEARNING PLAN WHICH ALLOWS THEM TO SET INDIVIDUAL GOALS AND WORK AT THEIR OWN LEVEL AND PACE. WE HAVE SEVEN MULTI-AGE CLASSROOMS WITH APPROXIMATELY 15 STUDENTS IN EACH CLASS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Murdock-Smith Director | Officer | 40 | $82,201 |
John Ward Member | Trustee | 1 | $0 |
Don Winterton Chairperson | OfficerTrustee | 4 | $0 |
Jill Cane Member | Trustee | 1.5 | $0 |
Megan Bilz Secretary | OfficerTrustee | 1 | $0 |
Mitchel Poulin Vice-Chairperson | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,059,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,344 |
| Total Program Service Revenue | $0 |
| Investment income | $1,472 |
| 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 | $1,140,816 |
| 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. | $81,627 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,733 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,195 |
| Payroll taxes | $54,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,974 |
| Fees for services: Accounting | $8,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,964 |
| Advertising and promotion | $2,079 |
| Office expenses | $9,532 |
| Information technology | $5,930 |
| Royalties | $0 |
| Occupancy | $139,392 |
| 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 | $15,469 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,106,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,469 |
| Savings and temporary cash investments | $460,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,255 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,039,208 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,906 |
| Accounts payable and accrued expenses | $59,833 |
| 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 | $794,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $854,478 |
| Net assets without donor restrictions | $871,437 |
| Net assets with donor restrictions | $22,991 |
| 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 | $1,748,906 |