Tapestry School Inc
- Assets
- $9.4m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 83
- Location
- Atlanta, GA
- Founding
- 07/2013
- Data as of
- 06/2021
- EIN
- 46-0560091
Organization Overview
Tapestry School Inc, operating under the name Tapestry Public Charter School, is located in Atlanta, GA. 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 06/2021, Tapestry Public Charter School employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tapestry Public 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 06/2021, Tapestry Public Charter School generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $4.2m during the year ending 06/2021. While expenses have increased by 16.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TAPESTRY OFFERS AN INCLUSIVE, INDIVIDUALIZED LEARNING ENVIRONMENT THAT IS ACADEMICALLY ENGAGING, BOTH FOR NEUROTYPICAL STUDENTS AND THOSE ON THE AUTISM SPECTRUM, AND CREATES A POSITIVE SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL INSTRUCTION: TAPESTRY PUBLIC CHARTER SCHOOL IS FOUNDED ON A CONSTRUCTIVIST APPROACH TO EDUCATION, WHICH POSITS THAT LEARNING HAPPENS AS STUDENTS ACTIVELY ENGAGE IN A PROCESS OF MEANING AND KNOWLEDGE CONSTRUCTION, RATHER THAN PASSIVELY RECEIVING INFORMATION. OUR CONSTRUCTIVIST APPROACH IS RESEARCH-BASED AND FOSTERS CRITICAL THINKING BY OUR MOTIVATED STUDENTS. WE ARE AN UNUSUAL CONSTRUCTIVIST SCHOOL BECAUSE MANY OF OUR STUDENTS HAVE BEEN DIAGNOSED WITH AUTISM SPECTRUM DISORDER(ASD). STUDENTS WITH ASD MAY BE UNABLE TO PROCESS INFORMATION THROUGH THEIR SENSES, SO OUR ENVIRONMENT ACCOMMODATES SENSORY SENSITIVITES WITH LIGHTING, SOUND-PROOFING, AND REDUCTIONS TO OTHER STIMULI. EXPENSES INCLUDE SALARIES AND BENEFITS, PURCHASED PROFESSIONAL SERVICES, SUPPLIES, AND CLASSROOM FACILITIES.
FACILITIES: TAPESTRY PUBLIC CHARTER SCHOOL FULFILLS ITS MISSION OF PROVIDING AN INCLUSION-BASED EDUCATION BY PROVIDING A SCHOOL FACILITY THAT FITS THE NEEDS OF OUR STUDENTS, WHILE ALSO ANTICIPATING THE ANNUAL EXPANSION ASSOCIATED WITH ADDING A GRADE LEVEL PER YEAR. EXPENSES INCLUDE SALARIES AND BENEFITS, REPAIRS AND MAINTENANCE, AND UTILITIES.
INSTRUCTIONAL SUPPORT SERVICES: TAPESTRY'S OPERATIONS INCLUDE A LEARNING CENTER FOR STUDENTS IN NEED OF ADDITIONAL ACADEMIC SUPPORT, GUIDANCE COUNSELORS, ADMINSTRATIVE STAFF, ATHLETICS, AND BUSINESS AND DEVELOPMENT PERSONNEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Taylor CFO / Treasurer | OfficerTrustee | 10 | $0 |
Beth Radford Secretary | OfficerTrustee | 10 | $0 |
Ryan Maltese Vice-Chairman | OfficerTrustee | 10 | $0 |
Devon Christopher Chairman | OfficerTrustee | 10 | $0 |
Gwendolyn Bryant Board Member | Trustee | 5 | $0 |
Suzanne Baker Development Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,462 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,462 |
| Total Program Service Revenue | $4,002,134 |
| Investment income | $6,955 |
| 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 | $4,134,551 |
| 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. | $101,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $2,719,765 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $513,921 |
| Other employee benefits | $152,419 |
| Payroll taxes | $40,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,247 |
| Fees for services: Accounting | $51,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,489 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,961 |
| Travel | $106 |
| 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 | $134,007 |
| Insurance | $16,783 |
| All other expenses | $261,219 |
| Total functional expenses | $4,192,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,425,633 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $233,716 |
| 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 | $9,366 |
| Net Land, buildings, and equipment | $4,154,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,527,279 |
| Total assets | $9,350,306 |
| Accounts payable and accrued expenses | $305,372 |
| 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 | $3,543,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,810,308 |
| Total liabilities | $10,659,665 |
| Net assets without donor restrictions | -$1,309,359 |
| 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 | $9,350,306 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tapestry School Inc has recieved totaling $32,050.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: GENERAL SUPPORT | $31,800 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $250 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashley Hall Foundation Charleston, SC | $53,552,404 | $18,962,378 |
Canterbury School Corporation Fort Myers, FL | $32,236,169 | $23,638,435 |
Heathwood Hall Episcopal School Columbia, SC | $39,181,921 | $20,445,816 |
Brookstone School Inc Columbus, GA | $71,035,506 | $24,481,396 |
Greenville Renewable Energy Education Charter School Greenville, SC | $26,163,515 | $17,750,984 |
Lincoln Charter School Inc Denver, NC | $10,014,512 | $18,722,799 |
The Masters Academy Of Central Florida Inc Oviedo, FL | $26,482,967 | $18,246,673 |
Savannah Christian Preparatory School Inc Savannah, GA | $28,769,990 | $18,697,901 |
Saint Edwards School Vero Beach, FL | $54,149,022 | $17,250,987 |
Capstone Education Group Inc Memphis, TN | $24,521,664 | $20,250,688 |
Strong Rock Christian School Inc Locust Grove, GA | $18,179,980 | $18,285,975 |
Fellowship Christian School Inc Roswell, GA | $48,536,188 | $18,034,878 |