Southside Elementary Charter School
- Assets
- $1.3m
- Revenue
- $3.2m
- Investments
- $61.2k
- Employees
- 60
- Location
- Providence, RI
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-4002550
Organization Overview
Southside Elementary Charter School is located in Providence, RI. 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. As of 06/2022, Southside Elementary Charter School employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southside Elementary Charter School 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, Southside Elementary Charter School generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 20.9% per year over the past 7 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
THE MISSION OF SOUTHSIDE ELEMENTARY CHARTER SCHOOL IS TO PROVIDE A DIVERSE GROUP OF KINDERGARTEN THROUGH FIFTH GRADE STUDENTS WITH A SOLID STEP TOWARDS COLLEGE AND COMMUNITY LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN ELEMENTARY CHARTER SCHOOL TO A DIVERSE GROUP OF CHILDREN.
TO PROVIDE AN ELEMENTARY CHARTER SCHOOL TO A DIVERSE GROUP OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Abney Finance | Trustee | 1 | $0 |
Madeline Burke Governance & | Trustee | $0 | |
Dr Magdalena Andres Education Co | Trustee | 1 | $0 |
Dionne Wright Poulton PHD Tbd | Trustee | 1 | $0 |
Telisa Richardson Education | Trustee | 1 | $0 |
Ivory Jefferies Tbd | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $717,025 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $725,746 |
| Total Program Service Revenue | $2,380,969 |
| Investment income | $2,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,479 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,164,640 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,561,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $291,822 |
| Payroll taxes | $153,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,711 |
| Advertising and promotion | $10,128 |
| Office expenses | $8,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,728 |
| 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 | $30,957 |
| Insurance | $17,844 |
| All other expenses | $154,270 |
| Total functional expenses | $3,002,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,028,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $178,589 |
| 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 | $7,207 |
| Net Land, buildings, and equipment | $57,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $61,191 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,333,393 |
| Accounts payable and accrued expenses | $166,879 |
| 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 | $166,879 |
| Net assets without donor restrictions | $1,093,647 |
| Net assets with donor restrictions | $72,867 |
| 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 | $1,333,393 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southside Elementary Charter School has recieved totaling $167.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $167 |
Endowment Analysis
| Beg. Balance | $68,113 |
| Earnings | -$3,621 |
| Admin Expense | -$589 |
| Grants | -$2,712 |
| Ending Balance | $61,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin College Magnet Schools Inc East Hartford, CT | $5,402,152 | $17,501,870 |
Achievement First Hartford Academy Inc New Haven, CT | $6,951,433 | $17,053,937 |
Paul Cuffee School Providence, RI | $13,974,820 | $16,770,174 |
Achievement First Bridgeport Academy Inc New Haven, CT | $13,758,067 | $16,509,487 |
Capital Prep Charter Schools Ny Bridgeport, CT | $5,743,327 | $15,721,123 |
Elm City College Preparatory Inc New Haven, CT | $33,084,628 | $13,299,319 |
The Highlander Charter School Providence, RI | $14,624,382 | $14,745,189 |
Capital Prep Harbor School Inc Bridgeport, CT | $4,120,211 | $11,615,050 |
Great Oaks Charter School - Bridgeport Inc Bridgeport, CT | $4,760,394 | $9,171,396 |
Highville Charter School Inc New Haven, CT | $16,114,071 | $7,986,663 |
New Beginnings Family Academy Inc Bridgeport, CT | $6,914,685 | $8,124,878 |
International Charter School Corporation Pawtucket, RI | $4,227,421 | $6,703,285 |