Charter System Foundation Inc
- Assets
- $656.1k
- Revenue
- $431.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Woodstock, GA
- Founding
- 11/2013
- Data as of
- 06/2021
- EIN
- 46-2029927
Organization Overview
Charter System Foundation Inc is located in Woodstock, GA. The organization was established in 2013. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2021, Charter System Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charter System Foundation 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 06/2021, Charter System Foundation Inc generated $431.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $326.8k during the year ending 06/2021. While expenses have increased by 5.2% 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.
Since 2017, Charter System Foundation Inc has awarded 12 individual grants totaling $120,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TRAINING, WORKSHOPS, NEWSLETTER, AND OTHER SUPPORT FOR CITY AND COUNTY SCHOOL SYSTEMS THAT HAVE CHARTER SYSTEM STATUS UNDER GEORGIA LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED SEVERAL WORKSHOPS TO PROVIDE A FORUM FOR CHARTER SYSTEMS TO EXCHANGE INNOVATIVE IDEAS AND TO PROVIDE GUIDANCE TO SYSTEMS THAT WERE CONSIDERING OR IN THE PROCESS OF APPLYING TO THE STATE BOE FOR CHARTER SYSTEM STATUS UNDER GEORGIA LAW.THE FOUNDATION BEGAN DEVELOPMENT OF A TRAINING PROGRAM TO BE DELIVERED BY CONSULTANTS UNDER CONTRACT WITH THE FOUNDATION. THE TRAINING TARGETS LOCAL SCHOOL BOARD MEMBERS, SUPERINTENDENTS, CENTRAL OFFICE STAFF, AND SCHOOL LEVEL GOVERNANCE TEAM AND ADMINISTRATORS. THE TRAINING FOCUSES ON SCHOOL GOVERNANCE ISSUES AND THE USE OF FLEXIBILITY TO ADVANCE STUDENT ACHIEVEMENT.
THE FOUNDATION ARRANGES MEETINGS BETWEEN CHARTER SYSTEM SUPERINTENDENTS AND STATE POLICYMAKERS TO GIVE THE SUPERINTENDENTS THE OPPORTUNITY TO SPEAK ABOUT THE GOOD WORK THEIR SYSTEMS ARE DOING.
THE FOUNDATION ALSO SPEAKS WITH POLICYMAKERS CONCERNING LEGISLATION THAT MAY BE IMPORTANT TO CHARTER SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Weber Executive Dir. | Officer | 35 | $172,572 |
Morris Leis Executive Board | OfficerTrustee | 0 | $0 |
Michele Taylor Chairman | OfficerTrustee | 0 | $0 |
Eric Arena Board Vicechair | OfficerTrustee | 0 | $0 |
Ken Dyer Director | Trustee | 0 | $0 |
Michael Williams Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $431,730 |
| Total Program Service Revenue | $0 |
| Investment income | $67 |
| 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 | $431,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $172,572 |
| Compensation of current officers, directors, key employees. | $34,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,115 |
| Fees for services: Lobbying | $60 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,121 |
| Advertising and promotion | $2,388 |
| Office expenses | $2,756 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,014 |
| 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 | $869 |
| All other expenses | $0 |
| Total functional expenses | $326,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,500 |
| 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 | $359 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,094 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $27,608 |
| 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 | $27,608 |
| Net assets without donor restrictions | $628,486 |
| 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 | $656,094 |
Grants Awarded
Over the last fiscal year, Charter System Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BALWIN COUNTY SCHOOLS PURPOSE: SYSTEM AWARD | $10,000 |
LUMPKIN COUNTY SCHOOLS PURPOSE: SYSTEM AWARD | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charter System Foundation Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: 4TH ANNUAL AWARDS LUNCHEON | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Foundation Inc Raleigh, NC | $52,338,286 | $27,866,306 |
Journey Community Schools Inc Memphis, TN | $16,345,861 | $21,829,852 |
Chris-Tex Inc Cantonment, FL | $1,355,088,356 | $60,967,322 |
University Of Florida Investment Corporation Gainesville, FL | $5,168,985 | $5,707,826 |
Higher Education Library Information Network Helin Inc Cape Coral, FL | $798,784 | $4,241,914 |
Oak Service Corporation Memphis, TN | $2,447,800 | $4,272,484 |
Challenge Foundation Properties Inc Forest City, NC | $29,091,994 | $2,761,233 |
Emeriti Consortium For Retirement Health Solutions Miami, FL | $2,489,116 | $2,751,255 |
Union Square Campus Inc Greensboro, NC | $23,257,665 | $2,077,475 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,684,980 | $2,207,807 |
The Circe Institute Inc Concord, NC | $692,773 | $1,911,107 |
Tampa Bay Library Consortium Inc Tampa, FL | $1,260,939 | $1,733,050 |