Felton Laboratory Charter School
- Assets
- $4.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 73
- Location
- Orangeburg, SC
- Founding
- 10/2015
- Data as of
- 06/2024
- EIN
- 46-5325705
Organization Overview
Felton Laboratory Charter School is located in Orangeburg, SC. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2024, Felton Laboratory Charter School employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felton Laboratory 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 06/2024, Felton Laboratory Charter School generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. While expenses have increased by 4.4% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF FELTON LABORATORY CHARTER SCHOOL IS TO PROVIDE A RIGOROUS, CREATIVE AND DIVERSE LEARNING ENVIRONMENT THROUGH SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A RIGOROUS, CREATIVE AND DIVERSE LEARNING ENVIRONMENT THROUGH SCIENCE, TECHNOLOGY, ENGINEERING, THE ARTS, AND MATHEMATICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Johnson Chairman | OfficerTrustee | 1 | $0 |
James Carter Vice-Chairman | OfficerTrustee | 1 | $0 |
Cynthia King Secretary | Trustee | 1 | $0 |
Andrea Green Treasurer | Trustee | 1 | $0 |
Roberta Heyward Member | Trustee | 1 | $0 |
Anthony Hallmon Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,370,480 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,376,338 |
| Total Program Service Revenue | $16,043 |
| Investment income | $3,934 |
| 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 | $4,396,315 |
| 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. | $108,985 |
| Compensation of current officers, directors, key employees. | $108,985 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,835,094 |
| Pension plan accruals and contributions | $313,404 |
| Other employee benefits | $170,763 |
| Payroll taxes | $149,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,750 |
| Fees for services: Accounting | $161,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,000 |
| Advertising and promotion | $26,674 |
| Office expenses | $30,138 |
| Information technology | $50,284 |
| Royalties | $0 |
| Occupancy | $202,794 |
| Travel | $5,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,139 |
| Interest | $1,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,847 |
| Insurance | $15,076 |
| All other expenses | $0 |
| Total functional expenses | $4,100,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624,686 |
| Savings and temporary cash investments | $523,653 |
| Pledges and grants receivable | $0 |
| 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 | $36,195 |
| Net Land, buildings, and equipment | $496,989 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,081,063 |
| Total assets | $4,762,586 |
| Accounts payable and accrued expenses | $253,391 |
| Grants payable | $0 |
| Deferred revenue | $380,004 |
| 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 | $9,716,952 |
| Total liabilities | $10,350,347 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$5,837,621 |
| Paid-in or capital surplus, or land, building, or equipment fund | $249,860 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,762,586 |