Champion Education Network
- Assets
- $1.7m
- Revenue
- $8.9m
- Investments
- $0.0
- Employees
- 145
- Location
- Detroit, MI
- Founding
- 12/2016
- Data as of
- 06/2022
- 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 06/2022, Champion Education Network employed 145 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 06/2022, Champion Education Network generated $8.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.1% each year . All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 31.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A SYSTEM OF REMARKABLE NEIGHBORHOOD SCHOOLS IN TRADITIONALLY UNDER-RESOURCED COMMUNITIES.
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.
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 |
|---|---|---|---|
Ashley Mcbride Director | Trustee | 2 | $0 |
Crystal Martin Director | Trustee | 2 | $0 |
Gary Bewersdorf Director | Trustee | 2 | $0 |
Deanne Surles Secretary | OfficerTrustee | 2 | $0 |
Derek Freund Treasurer | OfficerTrustee | 2 | $0 |
Elaina Holsey Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leyton Legal And Accounting Services | 6/29/22 | $223,084 |
Midwest Management Group Inc Payroll And Accounting Services | 6/29/22 | $143,109 |
Leyton Legal And Accounting Services | 6/29/22 | $223,084 |
Midwest Management Group Inc Payroll And Accounting Services | 6/29/22 | $143,109 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,417,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,419,631 |
| Total Program Service Revenue | $7,519,338 |
| 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 | $8,948,586 |
| 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. | $138,490 |
| Compensation of current officers, directors, key employees. | $2,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,607,081 |
| Pension plan accruals and contributions | $47,395 |
| Other employee benefits | $522,395 |
| Payroll taxes | $463,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $122,806 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $596,793 |
| Advertising and promotion | $4,841 |
| Office expenses | $115,622 |
| Information technology | $3,381 |
| Royalties | $0 |
| Occupancy | $16,709 |
| 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 | $0 |
| Insurance | $38,037 |
| All other expenses | $0 |
| Total functional expenses | $7,726,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,551 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $655,406 |
| Accounts receivable, net | $351,048 |
| 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 | $0 |
| 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 | $1,721,505 |
| Accounts payable and accrued expenses | $19,740 |
| Grants payable | $0 |
| Deferred revenue | $62,353 |
| 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 | $82,093 |
| Net assets without donor restrictions | $1,639,412 |
| 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 | $1,721,505 |
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 |