Movement Charter School
- Assets
- $18.1m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 186
- Location
- Charlotte, NC
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 47-5153366
Organization Overview
Movement Charter School is located in Charlotte, NC. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Movement Charter School employed 186 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Movement 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, Movement Charter School generated $13.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $13.3m during the year ending 06/2022. While expenses have increased by 31.6% per year over the past 5 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
OPERATE A PUBLIC CHARTER SCHOOL PURSUANT TO GS 115C-238.29A
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hurley Chair | OfficerTrustee | 20 | $0 |
Montel Watson Treasurer | OfficerTrustee | 4 | $0 |
Garrett Mcneill Secretary | OfficerTrustee | 4 | $0 |
Michelle Crawford Vice Chair | OfficerTrustee | 30 | $0 |
Kerri-Ann T Thomas Member Ex Officio | Trustee | 0 | $0 |
Jason Terrell Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Two Guys Food Services | 6/29/22 | $917,986 |
Lavinia Group Consulting/pd Services | 6/29/22 | $595,166 |
2527 Cleaning Custodial | 6/29/22 | $420,068 |
C4 Counseling/guidance | 6/29/22 | $130,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,293,664 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,430,792 |
| Total Program Service Revenue | $747,749 |
| 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 | $13,247,762 |
| 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. | $211,715 |
| Compensation of current officers, directors, key employees. | $211,715 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,248,162 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $255,001 |
| Payroll taxes | $403,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,384 |
| Office expenses | $81,544 |
| Information technology | $218,875 |
| Royalties | $0 |
| Occupancy | $89,323 |
| Travel | $8,806 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $512,758 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,415 |
| Insurance | $11,321 |
| All other expenses | $600,229 |
| Total functional expenses | $13,265,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,498,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $824,771 |
| 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 | $38,102 |
| Net Land, buildings, and equipment | $115,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,641,592 |
| Other assets | $0 |
| Total assets | $18,117,920 |
| Accounts payable and accrued expenses | $508,004 |
| 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 | $16,453,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,961,566 |
| Net assets without donor restrictions | $1,156,354 |
| 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 | $18,117,920 |