Great Oaks Charter School - Bridgeport Inc
- Assets
- $4.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 106
- Location
- Bridgeport, CT
- Founding
- 11/2014
- Data as of
- 06/2022
- EIN
- 47-1159132
Organization Overview
Great Oaks Charter School - Bridgeport Inc is located in Bridgeport, CT. 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, Great Oaks Charter School - Bridgeport Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Oaks Charter School - Bridgeport 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, Great Oaks Charter School - Bridgeport Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 14.6% 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
GREAT OAKS CHARTER SCHOOL, BRIDGEPORT (GOBPT) IS A PUBLIC SCHOOL THAT SERVICES 660 STUDENTS IN GRADES SIX THROUGH TWELVE IN BRIDGEPORT, CONNECTICUT THROUGH AN OPEN-CHOICE LOTTERY. OUR PRIMARY FOCUS IS TO CREATE A RIGOROUS ACADEMIC PROGRAM TAILORED TO MEET THE NEEDS OF OUR STUDENTS FOR SUCCESS IN THE CAREER OR COLLEGE OF THEIR CHOICE. AS A COMMUNITY, WE TAKE GREAT PRIDE IN OUR STUDENT'S SOCIAL AND EMOTIONAL DEVELOPMENT ANCHORED IN A RESTORATIVE FOCUS AIMED AT TEACHING STUDENTS EMPATHY, PERSONAL ACCOUNTABILITY, AND RESPONSIBILITY. WE ENCOURAGE OUR STUDENTS TO BE ADVOCATES FOR THEMSELVES, EACH OTHER, AND THEIR COMMUNITY THROUGH SOCIAL CAUSES AND ACTIVITIES. WE FIRMLY BELIEVE THAT OUR STUDENTS WILL SHAPE THE WORLD, NOT BE DEFINED BY IT.SELECTED AS A SCHOOL OF INNOVATION BY THE CENTER FOR REINVENTING PUBLIC EDUCATION AND OUR SIGNIFICANT WORK WITH THE BARR FOUNDAITON, GOBPT IS UNIQUE IN ITS EMPHASIS ON INCORPORATING TUTORING INTO THE SCHOOL DAY AS A NORMAL FUNCTION FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: GO-BPT IS A A PUBLIC CHARTER SCHOOL THAT PROVIDES EDUCATIONAL SERVICES TO STUDENTS. THE SCHOOL WAS GRANTED A CHARTER FOR GRADES 6-12. GO BPT WAS ORGANIZED TO CREATE A RIGOROUS, SUPPORTIVE MIDDLE AND HIGH SCHOOL PROGRAM THAT ENSURES ITS GRADUATES HAVE THE REQUISITE KNOWLEDGE AND HABITS OF MIND TO EARN A DEGREE FROM A COMPETITIVE FOUR YEAR COLLEGE OR UNIVERSITY. DURING FISCAL YEAR OF 2022, GO-BPT OPERATE CLASSES FOR 661 STUDENTS IN GRADES 6 THROUGH 12.
SPECIAL EDUCATION: GO BPT PROVIDES SPECIAL EDUCATION SERVICES TO STUDENTS WITH IDENTIFIED NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Carlson Chairperson | OfficerTrustee | 5 | $0 |
Corey Sneed Treasurer | OfficerTrustee | 2 | $0 |
Eva Y Vega Secretary | OfficerTrustee | 1 | $0 |
Tenssie Ramsay Director | Trustee | 1 | $0 |
Christopher Mcmillan Teacher/director | Trustee | 40 | $51,000 |
Selena Morgan Director, Superintendent Designee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,665,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $859,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,524,975 |
| Total Program Service Revenue | $0 |
| 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 | $10,524,975 |
| 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. | $685,463 |
| Compensation of current officers, directors, key employees. | $27,419 |
| Compensation to disqualified persons | $3,772,320 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $638,405 |
| Payroll taxes | $141,711 |
| Fees for services: Management | $678,255 |
| Fees for services: Legal | $17,088 |
| Fees for services: Accounting | $71,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,340 |
| Advertising and promotion | $0 |
| Office expenses | $165,853 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,095,373 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,389 |
| Interest | $23,658 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $517,557 |
| Insurance | $138,434 |
| All other expenses | $49,776 |
| Total functional expenses | $10,150,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $966,348 |
| 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 | $130,565 |
| Net Land, buildings, and equipment | $2,798,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,303 |
| Total assets | $4,651,040 |
| Accounts payable and accrued expenses | $749,597 |
| 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 | $113,715 |
| Other liabilities | $765,869 |
| Total liabilities | $1,629,181 |
| Net assets without donor restrictions | $3,021,859 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,651,040 |