Goodwill Excel Center Public Charter School
- Assets
- $23.5m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-4283739
Organization Overview
Goodwill Excel Center Public Charter School is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Excel Center Public Charter School 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, Goodwill Excel Center Public Charter School generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $8.4m during the year ending 06/2022. While expenses have increased by 32.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFERS DC ADULTS THE OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA, POST-SECONDARY & CAREER ADVANCEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GOODWILL EXCEL CENTER (GEC) PROVIDES ADULT LEARNERS IN WASHINGTON, DC WITH AN OPPORTUNITY TO EARN A HIGH SCHOOL DIPLOMA. GEC IS THE FIRST OF ITS KIND IN THE DISTRICT AND STUDENTS EARN THEIR HIGH SCHOOL DIPLOMA AND CAREER CREDENTIALS AND HAVE THE OPPORTUNITY TO EARN COLLEGE CREDIT TOO. GEC FILLS THE GAP BETWEEN TRADITIONAL HIGH SCHOOL PROGRAMS AND ADULT EDUCATION PROGRAMS THAT RESULT IN A GED. GEC BUILDS UPON A PROVEN MODEL THAT WAS FOUNDED IN INDIANA AND SERVES STUDENTS ACROSS THE COUNTRY IN OVER NINE STATES NATIONALLY. GEC SEEKS TO PROVIDE TRAINING AND ACADEMIC SUPPORT TO STUDENTS WHO HAVE NOT YET EARNED THEIR HIGH SCHOOL DIPLOMA. GEC OPENED IN 2016 AND IN SY 21-22 SERVED 424 STUDENTS. AT THE END OF SY 21-22, GEC HAD 485 GRADUATES TO DATE. IN ADDITION TO CORE ACADEMIC PROGRAMMING, GEC OFFERS COACHING TO SUPPORT STUDENTS DURING THEIR JOURNEY AND BUILDS STRONG RELATIONSHIPS WITH STUDENTS TO TRULY PROVIDE A HOLISTIC APPROACH. GEC ALSO OPERATES A FULLY LICENSED CHILD DEVELOPMENT CENTER IN THE SCHOOL, WHICH IS OPERATED BY THE YMCA AND PROVIDES STUDENTS WHO HAVE CHILDREN SIX WEEKS OLD TO 3 YEARS OLD THE OPPORTUNITY TO ENROLL THEIR CHILD TOO. GEC ENROLLS STUDENT MULTIPLE TIMES A YEAR THROUGH ITS 5, 8-WEEK TERMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen S Howard Chair | OfficerTrustee | 1 | $0 |
Elizabeth Karmin Secretary | OfficerTrustee | 1 | $0 |
April Young Treasurer | OfficerTrustee | 1 | $0 |
Polaris Bailey Director (student) | Trustee | 1 | $0 |
Scott Bess Director | Trustee | 1 | $0 |
Michelle D Gilliard PHD Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goodwill Of Greater Washington Management Fees | 6/29/22 | $981,343 |
Ymca Of Metropolitan Washington Operation Of Child Development Center | 6/29/22 | $337,230 |
Little Diversified Architectural Consult Architectural Services | 6/29/22 | $141,195 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,727,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $5 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,727,890 |
| Total Program Service Revenue | $0 |
| Investment income | $746 |
| 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 | $9,728,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,422 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,153,900 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,643,618 |
| Advertising and promotion | $0 |
| Office expenses | $84,596 |
| Information technology | $90,162 |
| Royalties | $0 |
| Occupancy | $944,883 |
| Travel | $16,763 |
| 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 | $374,041 |
| Insurance | $29,551 |
| All other expenses | $13,013 |
| Total functional expenses | $8,423,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,040 |
| Savings and temporary cash investments | $7,869,570 |
| Pledges and grants receivable | $153,486 |
| Accounts receivable, net | $954,145 |
| 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 | $142,949 |
| Net Land, buildings, and equipment | $4,530,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,470,858 |
| Other assets | $63,258 |
| Total assets | $23,539,399 |
| Accounts payable and accrued expenses | $1,126,598 |
| 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 | $13,240,235 |
| Total liabilities | $14,366,833 |
| Net assets without donor restrictions | $9,172,566 |
| 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 | $23,539,399 |