Capstone Education Group Inc
- Assets
- $27.4m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 238
- Location
- Memphis, TN
- Founding
- 05/2013
- Data as of
- 06/2024
- EIN
- 45-4885204
Organization Overview
Capstone Education Group Inc is located in Memphis, TN. 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 06/2024, Capstone Education Group Inc employed 238 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capstone Education Group 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, Capstone Education Group Inc generated $23.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $20.3m during the year ending 06/2024. While expenses have increased by 5.6% 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
EQUIPS STUDENTS WITH WISDOM AND KNOWLEDGE NECESSARY TO SUCCEED IN COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul F T Edwards Secretary | OfficerTrustee | 2 | $0 |
Thomas M Marino Vice Chairman | OfficerTrustee | 2 | $0 |
Camela Echols Director | Trustee | 2 | $0 |
Scott Walker Chairman | OfficerTrustee | 2 | $0 |
Octavious Nickson Director | Trustee | 2 | $0 |
Dr Yolunda Bass Beale Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Give Clean Llc Cleaning Service | 6/29/24 | $324,904 |
Durham School Services Transportation | 6/29/24 | $143,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,019,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $920,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,939,817 |
| Total Program Service Revenue | $0 |
| Investment income | $904,367 |
| 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 | $23,844,184 |
| 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. | $981,598 |
| Compensation of current officers, directors, key employees. | $90,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,749,706 |
| Pension plan accruals and contributions | $862,874 |
| Other employee benefits | $833,984 |
| Payroll taxes | $920,359 |
| 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 | $618,136 |
| Advertising and promotion | $54,914 |
| Office expenses | $172,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,031,345 |
| Travel | $14,431 |
| 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 | $2,547 |
| Insurance | $78,987 |
| All other expenses | $529,193 |
| Total functional expenses | $20,325,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,378,128 |
| Savings and temporary cash investments | $14,738,108 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,386,680 |
| 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 | $25,080 |
| Net Land, buildings, and equipment | $374,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,455,651 |
| Total assets | $27,358,569 |
| Accounts payable and accrued expenses | $292,094 |
| 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 | $390,590 |
| Total liabilities | $682,684 |
| Net assets without donor restrictions | $26,675,885 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,358,569 |