Stamford Charter School For Excellence Inc
- Assets
- $6.2m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 43
- Location
- Stamford, CT
- Founding
- 12/2015
- Data as of
- 06/2021
- EIN
- 47-2465564
Organization Overview
Stamford Charter School For Excellence Inc is located in Stamford, CT. The organization was established in 2015. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Stamford Charter School For Excellence Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Charter School For Excellence 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 06/2021, Stamford Charter School For Excellence Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $4.8m during the year ending 06/2021. While expenses have increased by 15.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE STAMFORD CHARTER SCHOOL FOR EXCELLENCE PREPARES YOUNG PEOPLE IN STAMFORD, CONNECTICUT TO COMPETE FOR ADMISSION TO AND SUCCEED IN TOP PUBLIC, PRIVATE AND PAROCHIAL HIGH SCHOOLS BY CULTIVATING THEIR INTELLECTUAL, ARTISTIC, SOCIAL, EMOTIONAL AND ETHICAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAMFORD CHARTER SCHOOL FOR EXCELLENCE IS A PUBLIC, CHARTER SCHOOL THAT PROVIDES ELEMENTARY EDUCATION TO ABOUT 391 CHILDREN IN PRE-K THROUGH 6TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Fischer Principal | Officer | 50 | $159,099 |
Quentin Phipps Director Of Development | 50 | $109,076 | |
Peter Cerreta Director | Trustee | 1 | $73,837 |
Chris Shumway Director | OfficerTrustee | 2 | $0 |
Patrick Barth Treasurer | OfficerTrustee | 2 | $0 |
Robert Monson Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bjs Renovations Inc Leasehold Improvements | 6/29/21 | $606,379 |
Magna Construction Ltd Leasehold Improvements | 6/29/21 | $288,071 |
Culinary Depot Leasehold Improvements | 6/29/21 | $183,572 |
Orange Cleaning Services Cleaning Services | 6/29/21 | $145,358 |
Sacred Heart Church Rent | 6/29/21 | $314,516 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,296,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,312,496 |
| Total Program Service Revenue | $4,399,810 |
| Investment income | $342 |
| 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 | $5,715,704 |
| 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. | $281,697 |
| Compensation of current officers, directors, key employees. | $71,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,235,538 |
| Pension plan accruals and contributions | $75,150 |
| Other employee benefits | $548,396 |
| Payroll taxes | $136,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,870 |
| Fees for services: Accounting | $137,323 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $327,697 |
| Advertising and promotion | $0 |
| Office expenses | $18,493 |
| Information technology | $49,470 |
| Royalties | $0 |
| Occupancy | $418,132 |
| Travel | $0 |
| 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 | $300,540 |
| Insurance | $17,950 |
| All other expenses | $29,192 |
| Total functional expenses | $4,787,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,006,466 |
| Savings and temporary cash investments | $546,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $242,993 |
| 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 | $69,380 |
| Net Land, buildings, and equipment | $4,095,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $288,970 |
| Total assets | $6,249,963 |
| Accounts payable and accrued expenses | $1,318,008 |
| Grants payable | $0 |
| Deferred revenue | $38,400 |
| 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 | $29,717 |
| Other liabilities | $126,876 |
| Total liabilities | $1,513,001 |
| Net assets without donor restrictions | $4,736,962 |
| 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 | $6,249,963 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stamford Charter School For Excellence Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Village Community School New York, NY | $70,966,980 | $22,510,782 |
Lycee International De Boston International School Of Boston Inc Cambridge, MA | $37,411,967 | $19,857,918 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Fenn School Inc Concord, MA | $99,819,486 | $20,241,981 |
Amistad Academy Inc New Haven, CT | $35,461,697 | $16,961,980 |
Foote School Association Inc New Haven, CT | $45,302,394 | $17,181,198 |
Rumsey Hall School Incorporated Washington Depot, CT | $67,305,104 | $16,603,122 |
Eugenio Maria De Hostos Charter School Rochester, NY | $9,947,408 | $17,341,158 |
Buckley Country Day School Roslyn, NY | $25,298,235 | $15,722,484 |
Dedham Country Day School Dedham, MA | $40,544,639 | $16,952,187 |
Big Apple Institute Inc Brooklyn, NY | $4,985,995 | $17,005,118 |
Shore Country Day School Beverly, MA | $51,799,692 | $17,689,477 |