Troup County College And Career Academy Inc
- Assets
- $1.8m
- Revenue
- $169.0k
- Investments
- $779.8k
- Employees
- 1
- Location
- Lagrange, GA
- Founding
- 11/2014
- Data as of
- 06/2022
- 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 06/2022, Thinc College & Career Academy generated $169.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $279.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (20.2%) per year over the past 7 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
2022
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 | $122,314 |
Ted Arnold Vice-Chair | OfficerTrustee | 0.5 | $0 |
Eric Mosley Director | Trustee | 0.5 | $0 |
Deana Brown Director | Trustee | 0.5 | $0 |
Valarie Williams Director | Trustee | 0.5 | $0 |
Kim Weaver Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $141,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,488 |
| Total Program Service Revenue | $0 |
| Investment income | $2,507 |
| 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 | $168,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,480 |
| 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. | $126,261 |
| Compensation of current officers, directors, key employees. | $25,252 |
| 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 | $38,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,193 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,806 |
| All other expenses | $0 |
| Total functional expenses | $278,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,542 |
| Savings and temporary cash investments | $759,239 |
| 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 | $779,833 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,823,614 |
| Accounts payable and accrued expenses | $134,988 |
| 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 | $134,988 |
| Net assets without donor restrictions | $1,462,998 |
| Net assets with donor restrictions | $225,628 |
| 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 | $1,823,614 |
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 PROVIDE EDUCATION FACILITIES FOR TROUP COUNTY'S COLLEGE AND CAREER ACADEMY. | $13,287 |
TROUP COUNTY SCHOOL DISTRICT PURPOSE: TO HELP FUND THE OPERATIONS OF THE COUNTY'S COLLEGE AND CAREER ACADEMY | $169,160 |