Capstone Education Group Inc
- Assets
- $24.5m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 246
- Location
- Memphis, TN
- Founding
- 05/2013
- Data as of
- 06/2022
- 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 06/2022, Capstone Education Group Inc employed 246 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 06/2022, Capstone Education Group Inc generated $20.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $16.2m during the year ending 06/2022. While expenses have increased by 3.9% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Sippel Executive Director | Officer | 50 | $228,711 |
Thomas M Marino Vice Chairman | OfficerTrustee | 2 | $0 |
Paul F T Edwards Secretary | OfficerTrustee | 2 | $0 |
Elliot Perry Director | Trustee | 2 | $0 |
Camela Echols Director | Trustee | 2 | $0 |
Scott Walker Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Give Clean Llc Janitorial | 6/29/21 | $272,750 |
Le Bonheur Children's Hospital Community Outreach | 6/29/21 | $199,408 |
Durham School Services Transportation | 6/29/21 | $185,255 |
Give Clean Llc Janitorial | 6/29/21 | $272,750 |
Durham School Services Transportation | 6/29/21 | $185,255 |
Le Bonheur Children's Hospital Community Outreach | 6/29/21 | $199,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,357,411 |
| All other contributions, gifts, grants, and similar amounts not included above | $893,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,250,688 |
| Total Program Service Revenue | $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 | $20,250,688 |
| 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. | $216,438 |
| Compensation of current officers, directors, key employees. | $21,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,330,818 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $738,071 |
| Payroll taxes | $755,283 |
| 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 | $588,834 |
| Advertising and promotion | $36,263 |
| Office expenses | $57,587 |
| Information technology | $85,908 |
| Royalties | $0 |
| Occupancy | $852,058 |
| Travel | $1,170 |
| 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 | $75,731 |
| All other expenses | $425,798 |
| Total functional expenses | $16,224,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,171,144 |
| Savings and temporary cash investments | $2,546,575 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,983,083 |
| 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 | $7,781 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,813,081 |
| Total assets | $24,521,664 |
| Accounts payable and accrued expenses | $423,108 |
| 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 | $3,314,677 |
| Total liabilities | $3,737,785 |
| Net assets without donor restrictions | $20,783,879 |
| 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 | $24,521,664 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Capstone Education Group Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Crawford Howard Private Foundation Palm Beach, FL PURPOSE: CHARITABLE EXEMPT PURPOSE | $100,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |