Champion Education Network
- Assets
- $924.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 132
- Location
- Detroit, MI
- Founding
- 12/2016
- Data as of
- 06/2021
- EIN
- 46-3626223
Organization Overview
Champion Education Network is located in Detroit, MI. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Champion Education Network employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champion Education Network 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, Champion Education Network generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. 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
TO BUILD A SYSTEM OF REMARKABLE NEIGHBORHOOD SCHOOLS IN TRADITIONALLY UNDER-RESOURCED COMMUNITIES USING A TRAUMA-INFORMED, WHOLE CHILD APPROACH TO EDUCATION - ENSURING COLLEGE, CAREER, AND LIFE SUCCESS FOR ALL CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAMPION EDUCATION NETWORK (CEN) IS A FULL SERVICE CHARTER MANAGEMENT ORGANIZATION THAT WORKS WITH ACADEMY/SCHOOL BOARDS TO OVERSEE ALL ASPECTS OF SCHOOL MANAGEMENT. CEN PROVIDES ITS SCHOOLS SERVICES DESIGNED TO: 1) MEET ALL FEDERAL, STATE AND AUTHORIZER COMPLIANCE REQUIREMENTS; 2) ATTRACT, EMPLOY, DEVELOP AND RETAIN TALENT; 3) MANAGE ALL FINANCIAL OBLIGATIONS; 4) PROVIDE NECESSARY OPERATIONAL SUPPORTS INCLUDING BUT NOT LIMITED TO FACILITY AND SAFETY MANAGEMENT; AND 5) OVERSEE AND IMPLEMENT THE EDUCATIONAL PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerri Smith CEO And President | Officer | 40 | $121,951 |
Erin Wills Principal, Detroit Leadership K-8 | 40 | $120,743 | |
Casey Crews Chief Schools Officer | 40 | $113,613 | |
Tiffany Cobb Director Of Special Education | 40 | $100,867 | |
Nikkiya Branch Director As Of Oct. 2020, Secretary As Of Dec. 2020 | OfficerTrustee | 2 | $0 |
Rev Chris Yaw Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aj's Transportation Llc Pupil Transportation | 6/29/19 | $413,306 |
Edops Accounting Services | 6/29/19 | $172,544 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,200,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,201,347 |
| Total Program Service Revenue | $810,799 |
| 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 | $2,012,964 |
| 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. | $177,786 |
| Compensation of current officers, directors, key employees. | $35,557 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $417,566 |
| Pension plan accruals and contributions | $34,892 |
| Other employee benefits | $23,294 |
| Payroll taxes | $42,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,585 |
| Fees for services: Accounting | $102,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,829 |
| Advertising and promotion | $3,370 |
| Office expenses | $18,849 |
| Information technology | $42 |
| Royalties | $0 |
| Occupancy | $37,013 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $349 |
| Interest | $13,418 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,596 |
| All other expenses | $0 |
| Total functional expenses | $1,024,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $533,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $388,295 |
| 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 | $83 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $924,146 |
| Accounts payable and accrued expenses | $26,261 |
| 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 | $311,677 |
| Other liabilities | $0 |
| Total liabilities | $337,938 |
| Net assets without donor restrictions | $586,208 |
| 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 | $924,146 |
Grants Awarded
Over the last fiscal year, Champion Education Network has awarded $42,625 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DETROIT COLLEGIATE HIGH SCHOOL PURPOSE: TO ENSURE THE DONEE SCHOOL'S VIABILITY AND ITS ABILITY TO PROVIDE SERVICES TO ITS STUDENTS AND FAMILIES. | $30,000 |
BURGESS & BURGESS STRATEGISTS PURPOSE: TO PROVIDE LEGAL SERVICE TO A MINOR. | $12,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Champion Education Network has recieved totaling $134,031.
| Awarding Organization | Amount |
|---|---|
United Way For Southeastern Michigan Detroit, MI PURPOSE: GRANT | $67,000 |
United Way For Southeastern Michigan Detroit, MI PURPOSE: GRANT | $67,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine Preparatory Academy Inc Milwaukee, WI | $57,201,795 | $17,148,722 |
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
Michigan College Access Network Lansing, MI | $5,083,649 | $7,946,913 |
Columbus Learning Center Management Corporation Columbus, IN | $38,848,062 | $6,215,911 |
Marygrove Conservancy Detroit, MI | $74,090,632 | $9,035,851 |
University Of Cincinnati Research Institute Cincinnati, OH | $5,011,413 | $4,382,075 |
Beyond Basics Southfield, MI | $2,664,209 | $4,401,467 |
V Hechzakta Bo Detroit, MI | $224,014 | $2,259,831 |
Arcade Innovation Hub Llc Dayton, OH | $2,725,647 | $1,536,202 |
Smdp New School Co Cleveland, OH | $15,360,863 | $353,183 |
Ministerial Day Care Association Cleveland, OH | $1,618,739 | $877,695 |
Champion Education Network Detroit, MI | $924,146 | $2,012,964 |