Troup County College And Career Academy Inc
- Assets
- $1.8m
- Revenue
- $141.1k
- Investments
- $778.6k
- Employees
- 1
- Location
- Lagrange, GA
- Founding
- 11/2014
- Data as of
- 06/2021
- EIN
- 46-3697983
Organization Overview
Troup County College And Career Academy Inc, operating under the name Thinc College & Career Academy, is located in Lagrange, GA. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thinc College & Career Academy 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, Thinc College & Career Academy generated $141.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $155.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (30.3%) per year over the past 6 years. 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 PROVIDE AN ENHANCED ACADEMIC AND CAREER EDUCATION PROGRAM; PROVIDE OVERSIGHT OF MOVE ON WHEN READY PROGRAMS, AND WORK BASED LEARNING FOR HIGH SCHOOL STUDENTS ATTENDING TROUP COUNTY SCHOOL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC & CAREER EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Wyatt CEO | Officer | 45 | $125,087 |
Bill Stump Chair | OfficerTrustee | 0.5 | $0 |
Ted Arnold Vice-Chair | OfficerTrustee | 0.5 | $0 |
Deana Brown Director | Trustee | 0.5 | $0 |
Dr Shaundre Brown Director | Trustee | 0.5 | $0 |
Dr John Head Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,750 |
| Total Program Service Revenue | $0 |
| Investment income | $14,338 |
| 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 | $141,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,475 |
| 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. | $1,550 |
| Compensation of current officers, directors, key employees. | $620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,655 |
| All other expenses | $0 |
| Total functional expenses | $155,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,072 |
| Savings and temporary cash investments | $758,476 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $0 |
| 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 | $778,643 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,805,191 |
| Accounts payable and accrued expenses | $6,562 |
| 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 | $6,562 |
| Net assets without donor restrictions | $1,571,080 |
| Net assets with donor restrictions | $227,549 |
| 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 | $1,805,191 |
Grants Awarded
Over the last fiscal year, Troup County College And Career Academy Inc has awarded $182,447 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TROUP COUNTY SCHOOL DISTRICT PURPOSE: TO HELP FUND THE OPERATIONS OF THE COUNTY'S COLLEGE AND CAREER ACADEMY | $169,160 |
TROUP COUNTY SCHOOL DISTRICT PURPOSE: TO PROVIDE EDUCATION FACILITIES FOR TROUP COUNTY'S COLLEGE AND CAREER ACADEMY. | $13,287 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Troup County College And Career Academy Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
West Georgia Medical Center Inc Marietta, GA PURPOSE: SPONSORSHIP | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Charter Foundation Inc Fort Lauderdale, FL | $116,504,611 | $61,802,178 |
Advantage Academy Of Hillsborough Inc Coral Springs, FL | $185,732,767 | $61,697,931 |
Doral Academy Inc Miami, FL | $78,216,564 | $49,667,670 |
Lake Wales Charter Schools Lake Wales, FL | $35,506,108 | $45,984,784 |
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
River City Education Services Jacksonville, FL | $97,321,758 | $40,759,077 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Mater Academy Central Inc Kissimmee, FL | $56,599,415 | $27,041,064 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |