Artesian Community School
- Assets
- $727.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 55
- Location
- Cumming, GA
- Founding
- 06/2014
- Data as of
- 06/2020
- EIN
- 46-1846698
Organization Overview
Artesian Community School, operating under the name Southwest Early College High School, is located in Cumming, GA. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2020, Southwest Early College High School employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Early College High 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 06/2020, Southwest Early College High School generated $1.3m in total revenue. All expenses for the organization totaled $1.8m during the year ending 06/2020. While expenses have increased by 73.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ARTESIAN SCHOOL'S MISSION IS TO PROVIDE THE EDUCATIONAL FOUNDATION FOR STUDENTS TO EARN COLLEGE DEGREES OR INDUSTRY CERTIFICATIONS IN CAREER FIELDS OF THEIR CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDING JUNE 30, 2020, ARTESIAN SCHOOLS, INC. OPERATED SOUTHWEST EARLY COLLEGE HIGH SCHOOL, A PUBLIC CHARTER HIGH SCHOOL IN MEMPHIS, TN. THE BEGINNING OF THE FISCAL YEAR SAW THE HIGH SCHOOL INCREASE IN STUDENT POPULATION AS WELL AS DEMONSTRATED SIGNIFICANT STAFF TURNOVER WITH NEW LEADERSHIP. EXPENSES WERE DRIVEN PRIMARILY BY STUDENT POPULATION. THE SCHOOL'S MAIN EXPENSES WERE FOR FACULTY AND STAFF AND BENEFITS INCLUDING RETIREMENT; SCHOOL BUS TRANSPORTATION; AND ITS FACILITIES LEASE. AS THE SCHOOL IS AN EARLY COLLEGE HIGH SCHOOL AND STUDENTS BEGIN TAKING COLLEGE COURSES AS EARLY AS 9TH GRADE, THE ORGANIZATION PAID TUITION FOR THESE COURSES TO THE COLLEGE. LASTLY, THE ORGANIZATION PURCHASED MATERIALS FOR, AND ENGAGED IN, MARKETING AND COMMUNITY OUTREACH IN ORDER TO RECRUIT STUDENTS AND TEACHERS TO THE SCHOOL. DUE TO UNFORTUNATE CIRCUMSTANCES AT THE COUNTY LEVEL, THE SCHOOL WENT THROUGH TURBULENT TIMES AND LOST OVER HALF OF ITS STUDENT POPULATION BY JANUARY. THE SCHOOL CLOSED IN JUNE 2020. EVEN WITH A HIGH LEVEL OF STUDENT ATTRITION, THE ORGANIZATION'S INVESTMENTS IN THE SCHOOL'S PERSONNE AND INSTRUCTIONAL RESOURCES ALLOWED ARTESIAN TO END ITS FISCAL YEAR WITH A POSITIVE FISCAL BALANCE. ARTESIAN SERVED DIVERSE STUDENTS FROM UNDER-RESOURCED NEIGHBORHOODS, MANY OF WHOM WERE FAR BEHIND GRADE LEVEL IN FOUNDATIONAL SUBJECTS WHEN THEY ENROLL IN SOUTHWEST EARLY COLLEGE HIGH SCHOOL. YET OUR STUDENTS DEMONSTRATED GREAT ACADEMIC GROWTH. BY THE END OF THE 2019-2020 SCHOOL YEAR, OVER ONE THIRD OF 10TH GRADERS AN 73% OF 11TH GRADERS HAD ACHIEVED THE REQUIRED SCORE ON AT LEAST ONE OF THE THREE COLLEGE ENTRANCE EXAMS. ADDITIONALLY, 177 UNIQUE STUDENTS ENROLLED IN AT LEAST ONE COLLEGE COURSE, 92 STUDENTS WERE ENROLLED IN AT LEAST TWO COLLEGE COURSES, AND MORE THAN 90% OF SECHS STUDENTS HAD A 4.0 GPA IN THEIR COLLEGE COURSES THUS FAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Smith CEO | Officer | 80 | $96,262 |
Edward Harper Treasurer | OfficerTrustee | 3 | $0 |
Erica Hopkins Secretary | OfficerTrustee | 1 | $0 |
Sharon Jones Chair | OfficerTrustee | 2 | $0 |
Gwendolyn Shields Vice-Chair | OfficerTrustee | 1 | $0 |
Mike Watermeier Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,360,817 |
| Investment income | $12,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,349,163 |
| Statement of Expenses | |
|---|---|
| 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. | $127,449 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $823,749 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,455 |
| 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 | $483,238 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $10,711 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,763,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,556 |
| Savings and temporary cash investments | $367,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,435 |
| 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 | $124,242 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $182,906 |
| Total assets | $727,474 |
| Accounts payable and accrued expenses | $45,264 |
| Grants payable | $0 |
| Deferred revenue | $144,564 |
| 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 | $0 |
| Total liabilities | $189,828 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $537,646 |