Frayser Community Schools
- Assets
- $8.9m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 239
- Location
- Memphis, TN
- Founding
- 05/2014
- Data as of
- 06/2023
- EIN
- 46-1747159
Organization Overview
Frayser Community Schools is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Frayser Community Schools employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frayser Community Schools 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 06/2023, Frayser Community Schools generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $15.8m during the year ending 06/2023. While expenses have increased by 12.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE STUDENTS IN FRAYSER FOR SUCCESS IN COLLEGE, CAREER AND THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF PUBLIC CHARTER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Jacobo Board Member | Trustee | 2 | $0 |
Arlinda Cathey Board Vice Chair | OfficerTrustee | 2 | $0 |
Candice Reddick Board Chair | OfficerTrustee | 2 | $0 |
Carla Tolbert Board Member | Trustee | 2 | $0 |
Kimberly Adams Board Member | Trustee | 2 | $0 |
Charia Jackson Board Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elaborate Designs Bldg Repair/maint | 6/29/23 | $312,449 |
Feedwellsllc Catering | 6/29/23 | $281,080 |
Instruction Partners Educational Instruction | 6/29/23 | $123,353 |
Integrity Mechanical Solutions Llc Hvac | 6/29/23 | $106,216 |
Well Child Healthcare | 6/29/23 | $104,633 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,578,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,846,426 |
| Total Program Service Revenue | $74,333 |
| 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 | $16,920,759 |
| 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. | $435,047 |
| Compensation of current officers, directors, key employees. | $435,047 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,916,525 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,342,261 |
| Payroll taxes | $0 |
| 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 | $4,513,183 |
| Advertising and promotion | $0 |
| Office expenses | $855,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $847,966 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,786,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,511,358 |
| Accounts receivable, net | $0 |
| 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 | $36,175 |
| Net Land, buildings, and equipment | $1,884,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $109,926 |
| Other assets | $1,941,606 |
| Total assets | $8,931,809 |
| Accounts payable and accrued expenses | $702,267 |
| 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 | $317,083 |
| Total liabilities | $1,019,350 |
| Net assets without donor restrictions | $6,874,916 |
| Net assets with donor restrictions | $1,037,543 |
| 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 | $8,931,809 |