Centennial Place Academy Inc
- Assets
- $7.7m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 150
- Location
- Atlanta, GA
- Founding
- 07/2014
- Data as of
- 06/2021
- EIN
- 46-3320965
Organization Overview
Centennial Place Academy Inc is located in Atlanta, 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 06/2021, Centennial Place Academy Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Place Academy 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, Centennial Place Academy Inc generated $14.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $11.4m during the year ending 06/2021. While expenses have increased by 3.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
CENTENNIAL PLACE ACADEMY WILL IMPLEMENT AN EDUCATIONAL PROGRAM FOCUSED ON INCREASING STUDENT ACHIEVEMENT BY ESTABLISHING SCHOOL-SPECIFIC CLASSROOM AND PERSONNEL STRUCTURES TO ADDRESS STUDENT ACHIEVEMENT GOALS, INCLUDING ADJUSTING CLASS SIZE, ADDRESSING READINESS PROMOTION AND HIRING BASED ON A STEAM CURRICULUM AND PROJECT-BASED LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tequila Lamar Head Of School | 40 | $160,233 | |
Egbert Perry Chairman | OfficerTrustee | 3 | $0 |
Renee Glover Chair Of Finance Committee | OfficerTrustee | 3 | $0 |
Chris Burke Board Member | Trustee | 1 | $0 |
Demetrius Patterson Board Member | Trustee | 1 | $0 |
Joseph Handy Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ksw Management And Accounting | 6/29/21 | $126,615 |
Onehrsource Human Resource Consulting | 6/29/21 | $106,156 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,144,334 |
| All other contributions, gifts, grants, and similar amounts not included above | $368,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,513,265 |
| Total Program Service Revenue | $1,450 |
| Investment income | $3,656 |
| 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 | $14,548,051 |
| 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. | $594,090 |
| Compensation of current officers, directors, key employees. | $77,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,574,438 |
| Pension plan accruals and contributions | $1,169,804 |
| Other employee benefits | $601,405 |
| Payroll taxes | $119,315 |
| Fees for services: Management | $137,321 |
| Fees for services: Legal | $174,312 |
| Fees for services: Accounting | $15,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $179,269 |
| Advertising and promotion | $0 |
| Office expenses | $229,597 |
| Information technology | $63,179 |
| Royalties | $0 |
| Occupancy | $629,727 |
| Travel | $44,112 |
| 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 | $408,227 |
| Insurance | $78,429 |
| All other expenses | $0 |
| Total functional expenses | $11,430,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,591,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,314,255 |
| Accounts receivable, net | $15,000 |
| 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 | $41,793 |
| Net Land, buildings, and equipment | $1,700,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,663,078 |
| Accounts payable and accrued expenses | $862,426 |
| 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 | $0 |
| Total liabilities | $862,426 |
| Net assets without donor restrictions | $6,800,652 |
| 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 | $7,663,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centennial Place Academy Inc has recieved totaling $12,529.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $12,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fair Fight Action Inc Atlanta, GA | $4,976,834 | $29,928,008 |
South Carolina Connections Academy Inc Columbia, SC | $14,632,201 | $47,709,935 |
South Carolina Learns Greenville, SC | $20,739,195 | $35,702,373 |
South Carolina Virtual Charter School West Columbia, SC | $14,646,057 | $37,851,009 |
Plato Academy Schools Corporation Clearwater, FL | $134,350,424 | $31,890,679 |
Early Learning Coalition Of Northwest Florida Inc Marianna, FL | $3,346,474 | $28,789,946 |
Early Learning Coalition Of Osceola County Inc Kissimmee, FL | $3,012,946 | $27,905,401 |
Faculty Associates Incorporated Gainesville, FL | $18,354,841 | $24,140,038 |
Landmark Christian School Fairburn, GA | $28,586,929 | $25,037,540 |
Georgia Advanced Technology Ventures Inc Atlanta, GA | $206,195,666 | $20,980,407 |
North Raleigh Christian Academy Raleigh, NC | $50,620,236 | $15,888,714 |
Galileo School Foundation Inc Sanford, FL | $34,481,901 | $12,247,750 |