Allegro Charter School Of Music
- Assets
- $5.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 62
- Location
- North Charleston, SC
- Founding
- 07/2015
- Data as of
- 06/2024
- EIN
- 47-2167782
Organization Overview
Allegro Charter School Of Music is located in North Charleston, SC. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Allegro Charter School Of Music employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allegro Charter School Of Music 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, Allegro Charter School Of Music generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $5.1m during the year ending 06/2024. While expenses have increased by 18.6% per year over the past 8 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
ALLEGRO CHARTER SCHOOL OF MUSIC IS AN INNOVATIVE PUBLIC EDUCATION INSTITUTION SERVING A DIVERSE BODY OF MIDDLE AND HIGH SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLEGRO CHARTER SCHOOL PROVIDES A RIGOROUS EDUCATION TO A DIVERSE BODY OF STUDENTS AT THE MIDDLE AND HIGH SCHOOL LEVEL WITH MUSIC INFUSED INTO ALL ASPECTS OF LEARNING. LOCATED ON THE PENINSULA OF CHARLESTON, IN CONTRAST WITH THE EXTREMELY SEGREGATED NORM OF PUBLIC SCHOOLS IN THE SURROUNDING AREA, ALLEGRO HAS A STUDENT BODY THAT MIRRORS THE RACIAL AND SOCIOECONOMIC DIVERSITY OF ITS COMMUNITY. STUDENTS AT ALLEGRO COME FROM BACKGROUNDS IN BOTH FAILING SCHOOLS AND HIGH-ACHIEVING SCHOOLS. OUR STUDENT BODY HAS MANY STUDENTS WHO ARE GIFTED, AND AN ALMOST EQUAL NUMBER OF STUDENTS WITH SPECIAL NEEDS. THESE STUDENTS' HOMES RANGE FROM GOVERNMENT HOUSING PROJECTS TO HISTORICAL MANSIONS AND BEACH-FRONT RESORTS. THERE ARE NO FEES TO ATTEND ALLEGRO, AND THE ONLY ADMISSION CRITERIA IS TO LIVE IN CHARLESTON COUNTY.
STUDENTS AT ALLEGRO ARE BEING PREPARED FOR FUTURE CAREERS BY BEING INSTRUCTED IN THE USE OF MODERN TECHNOLOGY. EVERY MIDDLE SCHOOL STUDENTIS ISSUED AN IPAD, AND EACH HIGH SCHOOL STUDENT A MACBOOK. THESE DEVICES ARE LOADED WITH THEIR TEXTBOOKS, AND ASSIGNMENTS ARE PREDOMINANTLY ISSUED AND COLLECTED ELECTRONICALLY. STUDENTS LEARN TO USE THEIR CREATIVITY TO SOLVE PROBLEMS THEY ENCOUNTER IN THESE NEW ELECTRONIC FORMATS, AND TO BE RESPONSIBLE WITH THE USE OF DIGITAL TECHNOLOGY IN A STRUCTURED ENVIRONMENT. MIDDLE SCHOOL STUDENTS MAY EARN UP TO 6 HIGH SCHOOL CREDITS BEFORE 9TH GRADE, AND HIGH SCHOOL STUDENTS PARTICIPATE IN BOTH ADVANCED PLACEMENT AND DUAL-CREDIT COURSES. STUDENTS GO ON TOURS OF THE LOCAL UNIVERSITIES AND MEET WITH COLLEGE STUDENTS AND WORKPLACE LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Olsen Finance | OfficerTrustee | 5 | $0 |
Jennifer Bremer-Bryant Secretary | OfficerTrustee | 4 | $0 |
Mitsuko Flynn Board Chair | OfficerTrustee | 6 | $0 |
Melissa Bailey Member | Trustee | 3 | $0 |
Dr Kathy Sobolewski Member | Trustee | 3 | $0 |
Daniel Neikirk CEO | Officer | 40 | $160,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Premiere Building Maintenance Corpo Custodial Services | 6/29/24 | $208,868 |
Goodlife Communications Llc Technology Services | 6/29/24 | $199,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,004,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,414,773 |
| Total Program Service Revenue | $40,712 |
| 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 | $4,455,485 |
| 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. | $268,000 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,772,172 |
| Pension plan accruals and contributions | $93,968 |
| Other employee benefits | $497,892 |
| Payroll taxes | $150 |
| Fees for services: Management | $5,291 |
| Fees for services: Legal | $1,625 |
| 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 | $10,415 |
| Office expenses | $5,614 |
| Information technology | $132,148 |
| Royalties | $0 |
| Occupancy | $552,016 |
| Travel | $6,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $199,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,367 |
| Insurance | $10,523 |
| All other expenses | $0 |
| Total functional expenses | $5,086,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $279,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $101,619 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,655,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,165,663 |
| Accounts payable and accrued expenses | $44,588 |
| Grants payable | $0 |
| Deferred revenue | $4,441 |
| 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 | $2,975,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $131,370 |
| Total liabilities | $3,155,935 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $329,357 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,680,371 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,165,663 |