Alc Mosaic
- Assets
- $1.5m
- Revenue
- $404.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Charlotte, NC
- Founding
- 02/2016
- Data as of
- 06/2021
- EIN
- 47-2479711
Organization Overview
Alc Mosaic is located in Charlotte, NC. The organization was established in 2016. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Alc Mosaic employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alc Mosaic 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, Alc Mosaic generated $404.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $404.9k during the year ending 06/2021. While expenses have increased by 13.8% per year over the past 7 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
ALC MOSAIC IS FORMED TO ESTABLISH AND MAINTAIN A SCHOOL WHICH PROVIDES AN ENVIRONMENT FOR EDUCATIONAL EXCELLENCE WHERE: LEARNING FLOURISHES WHEN DIRECTED BY AN INDIVIDUAL'S OWN INTERESTS AND TALENTS. RESPONSIBILITY EMERGES FROM PEOPLE PARTICIPATING IN GOVERNING THE SCHOOL AND THEIR OWN EDUCATION, AND COMMUNITY RESULTS FROM DIVERSE PEOPLE OF ALL AGES WORKING TOGETHER AND LEARNING FROM EACH OTHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALC MOSAIC IS FORMED TO ESTABLISH AND MAINTAIN A SCHOOL WHICH PROVIDES AN ENVIRONMENT FOR EDUCATIONAL EXCELLENCE WHERE: LEARNING FLOURISHES WHEN DIRECTED BY AN INDIVIDUAL'S OWN INTERESTS AND TALENTS. RESPONSIBILITY EMERGES FROM PEOPLE PARTICIPATING IN GOVERNING THE SCHOOL AND THEIR OWN EDUCATION, AND COMMUNITY RESULTS FROM DIVERSE PEOPLE OF ALL AGES WORKING TOGETHER AND LEARNING FROM EACH OTHER.
ALC MOSAIC IS FORMED TO ESTABLISH AND MAINTAIN A SCHOOL WHICH PROVIDES AN ENVIRONMENT FOR EDUCATIONAL EXCELLENCE WHERE: LEARNING FLOURISHES WHEN DIRECTED BY AN INDIVIDUAL'S OWN INTERESTS AND TALENTS. RESPONSIBILITY EMERGES FROM PEOPLE PARTICIPATING IN GOVERNING THE SCHOOL AND THEIR OWN EDUCATION, AND COMMUNITY RESULTS FROM DIVERSE PEOPLE OF ALL AGES WORKING TOGETHER AND LEARNING FROM EACH OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy H Tilton Director | OfficerTrustee | $0 | |
Lacy A Manship Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,000 |
| Investment income | $81 |
| 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 | $404,182 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,138 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $4,424 |
| Advertising and promotion | $0 |
| Office expenses | $5,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,365 |
| Insurance | $12,254 |
| All other expenses | $0 |
| Total functional expenses | $404,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,617 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,538,290 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,292,785 |
| Total liabilities | $1,292,785 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $245,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alc Mosaic has recieved totaling $3,279.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,900 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $379 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunbelt Human Advancement Resources Inc Greenville, SC | $42,359,906 | $37,809,843 |
The Sheltering Arms Atlanta, GA | $37,115,971 | $26,836,460 |
Lausanne Collegiate School Memphis, TN | $29,785,379 | $21,342,655 |
Langley School Inc Mclean, VA | $63,128,940 | $18,629,240 |
Wake County Smartstart Raleigh, NC | $3,415,796 | $19,658,248 |
Livingston Byrdstown Jamestown And Cookeville Development Corporation Cookeville, TN | $2,043,241 | $13,554,742 |
Columbia Academy School Columbia, TN | $17,513,853 | $13,288,512 |
Montessori School Of Raleigh Inc Raleigh, NC | $11,662,431 | $8,380,387 |
Smart Start Of Forsyth County Winston Salem, NC | $369,779 | $8,124,286 |
Caldwell Academy Greensboro, NC | $20,742,733 | $8,088,099 |
The Augusta Preparatory Day School Martinez, GA | $25,344,401 | $14,944,838 |
High Meadows School Inc Roswell, GA | $15,794,704 | $8,144,978 |