Canopy Life International Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-2207010
Organization Overview
Canopy Life International Inc is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Canopy Life International Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canopy Life International 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 12/2022, Canopy Life International Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. 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
CANOPY LIFE INTERNATIONAL'S (THE ORGANIZATION") PURPOSE IS TO OPEN SCHOOLS ABROAD WITH A PARTICULAR FOCUS ON INNOVATION AND LEADERSHIP. THE MISSION IS TO ADOPT A CURRICULUM THAT FOCUSES ON BUILDING A COUNTRY'S NEXT GENERATION OF LEADERS. WE DO THIS THROUGH QUALITY EDUCATION, INTENTIONAL RELATIONSHIPS AND ENVIRONMENTS THAT SPARK THE IMAGINATION. SPECIFICALLY, WE ARE INTEGRATING DESIGN THINKING INTO THE NATIONAL KENYAN CURRICULUM, ADJUSTING THE TEACHING MODEL TO PROMOTE CRITICAL THINKING AMONGST THE STUDENTS, AND EXPOSING THEM TO THE ARTS AND OTHER WORLDVIEW EXPERIENCES OTHERWISE UNREACHABLE TO STUDENTS OF THEIR ECONOMIC POSITION. THE ORGANIZATION IS ALSO A CHRISTIAN ORGANIZATION, STANDING FIRMLY ON THE VALUES OF FAITH, FAMILY AND JESUS CHRIST TO GUIDE STUDENTS INTO STRONG CHARACTER AND PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS TO CANOPY LIFE INTERNATIONAL KENYA TO OPERATE CANOPY LIFE ACADEMY. DURING 2022, CANOPY LIFE INTERNATIONAL KENYA'S ACCOMPLISHMENTS INCLUDED THE FOLLOWING:A. EXPANDED STAFF CAPACITY IN PREPARATION FOR FUTURE GROWTH INCLUDING: PASTORAL CARE, OPERATIONAL SUPPORT AND A DESIGNATED HOMELIFE DIRECTOR FOR THE RESIDENTIAL PROGRAM.B. FUNDED THE PURCHASE OF 2 ADDITIONAL ACRES OF LAND AND COMPLETED A MASTER PLAN IN ORDER TO PREPARE FOR CAMPUS GROWTH AT CANOPY LIFE ACADEMY.C. HELD THE FIRST ANNUAL ACADEMIC EXHIBITION DAY FOR STUDENTS' PARENTS AND CELEBRATED THE CULTURES, ACCOMPLISHMENTS AND LEARNING OF STUDENTS OVER THE ACADEMIC YEAR. D. INNOVATION PROGRAM ENHANCEMENTS: INSTITUTED A CROSS-CULTURAL SHARK TANK EXPERIENCE WITH TRAVELING VOLUNTEERS AND STUDENTS IN WHICH STUDENTS PRESENTED A BUSINESS IDEA AND BUSINESS PLAN TO A PANEL OF JUDGES.E. ACADEMIC: AS STUDENTS TRANSITION TO JUNIOR SECONDARY GRADES, THE INNOVATION LAB WAS UPGRADED TO SERVE AS THE CHEMISTRY LAB FOR JUNIOR SECONDARY SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Sparks Chair | OfficerTrustee | 3 | $0 |
Ally Melson Vice Chair | OfficerTrustee | 1 | $0 |
Shane Moncrief Treasurer | OfficerTrustee | 1 | $0 |
Stacy Williams Secretary | OfficerTrustee | 1 | $0 |
Khari Manuel Board Member | Trustee | 1 | $0 |
Loren Hildebrant Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,154,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,154,638 |
| Total Program Service Revenue | $0 |
| Investment income | $2,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,139,133 |
| 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 | $521,288 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,274 |
| Compensation of current officers, directors, key employees. | $32,894 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $592 |
| Fees for services: Other | $77,512 |
| Advertising and promotion | $1,652 |
| Office expenses | $21,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,129 |
| Travel | $23,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,005,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $815,409 |
| Savings and temporary cash investments | $106,179 |
| Pledges and grants receivable | $35,000 |
| 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 | $14,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $232,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,202,972 |
| Accounts payable and accrued expenses | $33,208 |
| 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 | $0 |
| Total liabilities | $33,208 |
| Net assets without donor restrictions | $1,089,630 |
| Net assets with donor restrictions | $80,134 |
| 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 | $1,202,972 |