Furlow Charter School Inc
- Assets
- $4.8m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 104
- Location
- Americus, GA
- Founding
- 07/2015
- Data as of
- 06/2022
- EIN
- 46-4106813
Organization Overview
Furlow Charter School Inc is located in Americus, GA. The organization was established in 2015. 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, Furlow Charter School Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furlow Charter School Inc 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, Furlow Charter School Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $6.3m during the year ending 06/2022. 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 OFFER A DIFFERENT APPROACH TO PUBLIC EDUCATION BY ENCOURAGING CRITICAL THINKING AND MULTI-DISCIPLINARY LEARNING THROUGH AN ACTIVE AND ENGAGING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURLOW CHARTER SCHOOL INC. IS A PUBLIC CHARTER SCHOOL AND RECEIVES STATE EDUCATIONAL FUNDING FROM THE STATE OF GEORGIA. ALL $6,422,200 WAS PUBLIC EDUCATION FUNDS. A MAJORITY OF THE EXPENSES WERE THOSE REQUIRED FOR ADMIN SALARIES INSTRUCTION SALARIES AND CUSTODIAL SALARIES ALONG WITH REQUIRED FRINGES. OTHER EXPENSES WERE TECHNOLOGY CLASSROOM SUPPLIES BUILDING UTILITY EXPENSES AND OTHER ITEMS REQUIRED TO RUN A SCHOOL.
THESE REVENUES AND EXPENSES WERE FROM ACTIVITY ACCOUNTS FROM DONATIONS CLUB FEES AND ACTIVITIES FUNDRAISING ACTIVITIES AND AN AFTER SCHOOL PROGRAM. THE EXPENSES WERE TO COVER CLASSROOM EXPENSES FIELD TRIPS AFTER SCHOOL PROGRAM EXPENSES AND OTHER EDUCATIONAL OR SPORTS ACTIVITIES.
THESE REVENUES WERE FROM FEDERAL GRANTS FOR TITLE I II IV CARES AND COVID RELATED GRANTS IDEA AND SCHOOL NUTRITION PROGRAM FEDERAL REVENUES. THE EXPENSES WERE FOR CLASSROOM SUPPLIES INSTRUCTION SALARIES ADDITIONAL CLASSROOM SPACE AND THE NUTRITION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Duff Chief Financial Officer | Officer | 40 | $73,790 |
Katie Minich Board Chairperson | Officer | 5 | $0 |
Elisa Falco Superintendent Beginning July 2022 | Officer | 40 | $0 |
Jeanie Smith Board Secretary | Officer | 5 | $0 |
Allyson Drinnon Board Vice Chairperson | Officer | 5 | $0 |
Lisa Courtney Board Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $110,176 |
| Fundraising events | $5,359 |
| Related organizations | $0 |
| Government grants | $1,548,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,716,354 |
| Total Program Service Revenue | $6,422,200 |
| 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 | $8,138,554 |
| 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. | $73,790 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,140,549 |
| Pension plan accruals and contributions | $553,917 |
| Other employee benefits | $557,293 |
| Payroll taxes | $76,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,807 |
| 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 | $0 |
| Advertising and promotion | $1,218 |
| Office expenses | $58,049 |
| Information technology | $9,647 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,879 |
| Interest | $31,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,501 |
| All other expenses | $98,407 |
| Total functional expenses | $6,312,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,202,320 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $549,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,470 |
| Prepaid expenses and deferred charges | $272,968 |
| Net Land, buildings, and equipment | $788,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,826,818 |
| Accounts payable and accrued expenses | $312,768 |
| 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 | $574,746 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $887,514 |
| Net assets without donor restrictions | $0 |
| 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 | $3,939,304 |
| Total liabilities and net assets/fund balances | $4,826,818 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Furlow Charter School Inc has recieved totaling $8,240.
| Awarding Organization | Amount |
|---|---|
Good Sports Inc Braintree, MA PURPOSE: INCREASE ACCESSIBILITY OF YOUTH SPORTS PROGRAMS TO DISADVANTAGED YOUTH | $7,716 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $524 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
The Foundation For Osceola Education Inc Kissimmee, FL | $17,231,201 | $18,787,939 |
Lake Technical College Inc Eustis, FL | $17,510,446 | $18,253,168 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Northstar Academies Inc Fort Lauderdale, FL | $8,255,029 | $17,151,740 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Global Outreach Charter Academys Jacksonville, FL | $28,025,971 | $16,215,591 |