Southwest Georgia Stem Charter Inc
- Assets
- $9.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 85
- Location
- Shellman, GA
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 46-5069166
Organization Overview
Southwest Georgia Stem Charter Inc is located in Shellman, 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. As of 06/2022, Southwest Georgia Stem Charter Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Georgia Stem Charter 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, Southwest Georgia Stem Charter Inc generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $5.9m during the year ending 06/2022. While expenses have increased by 39.0% 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
PROVIDE DISTINGUISHED AND INTEGRATED INSTRUCTION IN AN ENVIRONMENT THAT CULTIVATES RESPECT, IS INCLUSIVE OF ALL, AND LAYS THE FOUNDATION FOR EXCELLENCE AND LIFE-LONG LEARNING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING PUBLIC SCHOOL EDUCATION FOR PRE-K THROUGH 9TH GRADES WHILE CONDUCTING ACTIVITIES NORMALLY ASSOCIATED WITH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginger Almon Superintendent | Officer | 40 | $102,508 |
Lori Wilson CFO | Officer | 40 | $59,315 |
Tony Lee President | OfficerTrustee | 1 | $0 |
Chris Weathersby Vice President | OfficerTrustee | 1 | $0 |
Patricia Goodman Treasurer | OfficerTrustee | 1 | $0 |
Russell Nuti Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,376,124 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,400,947 |
| Total Program Service Revenue | $9,936 |
| 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 | $7,468,764 |
| 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. | $168,934 |
| Compensation of current officers, directors, key employees. | $27,908 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,742,053 |
| Pension plan accruals and contributions | $873,531 |
| Other employee benefits | $356,902 |
| Payroll taxes | $201,656 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,742 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,380 |
| Advertising and promotion | $10,200 |
| Office expenses | $39,455 |
| Information technology | $65,205 |
| Royalties | $0 |
| Occupancy | $480,850 |
| Travel | $10,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,800 |
| Interest | $645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,398 |
| Insurance | $54,127 |
| All other expenses | $26,048 |
| Total functional expenses | $5,851,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,318,061 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $592,613 |
| 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 | $2,737,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,468,361 |
| Total assets | $9,116,806 |
| Accounts payable and accrued expenses | $546,922 |
| 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 | $6,378,268 |
| Total liabilities | $6,925,190 |
| 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 | $2,738,370 |
| Retained earnings, endowment, accumulated income, or other funds | -$546,754 |
| Total liabilities and net assets/fund balances | $9,116,806 |