East Side Charter School Of Wilmington Inc
- Assets
- $11.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 86
- Location
- Wilmington, DE
- Founding
- 02/1997
- Data as of
- 06/2022
- EIN
- 51-0377733
Organization Overview
East Side Charter School Of Wilmington Inc is located in Wilmington, DE. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, East Side Charter School Of Wilmington Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Side Charter School Of Wilmington 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 06/2022, East Side Charter School Of Wilmington Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 1.7% 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
THE MISSION OF EASTSIDE CHARTER SCHOOL IS TO EDUCATE CHILDREN IN A SAFE, CARING AND NURTURING ENVIRONMENT SO THAT THEY CAN EXCEL ACADEMICALLY AND SOCIALLY. WE BELIEVE THAT ALL CHILDREN ARE CAPABLE OF MASTERING CONTENT STANDARDS AND MEETING SOCIAL EXPECTATIONS WHEN THEY HAVE THOROUGH UNDERSTANDING, ADEQUATE TIME AND APPROPRIATE SUPPORT. STUDENTS ARE VIEWED AS INDIVIDUALS AND EVERY EFFORT IS MADE TO ACCOMMODATE EACH CHILD'S UNIQUE GIFTS AND TALENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EASTSIDE CHARTER SCHOOL OPERATES A K TO 8TH GRADE URBAN PUBLIC CHARTER SCHOOL SERVING 474 STUDENTS IN NORTHEASTWILMINGTON, DELAWARE, ONE OF THE POOREST AREAS IN THE STATE ABOUT 77% OF THE STUDENTS QUALIFY FOR FREE OR REDUCED LUNCH UNDER FEDERAL GUIDELINES. THE SCHOOL'S GOALS ARE TO PREPARE STUDENTS TO BE CRITICAL THINKERS, TO INSTILL IN THEM A LOVE OF LEARNING, AND TO SHAPE THEM AS PRODUCTIVE, CONTRIBUTING MEMBER OF SOCIETY AMONG THE STRATEGIES IMPLEMENTED TO ACCOMPLISH THESE GOALS ARE SMALLER CLASS (AVERAGE LESS THAN 20 PER CLASSROOM), INDIVIDUAL ATTENTION TO EACH CHILD'S ACADEMIC NEEDS, A LONGER SCHOOL YEAR, APEX HONORS PROGRAM, FREE BREAKFAST AND LUNCH FOR ALL, FOCUS ON POSITIVE CHARACTER AND BEHAVIOR TRAITS, AND CONSISTENT DISCIPLINE POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Stewart Chairman | OfficerTrustee | 20 | $0 |
Cecil Gordon Vice Chair | OfficerTrustee | 2 | $0 |
Thomas C Humphrey Treasurer | OfficerTrustee | 2 | $0 |
Charles H Toliver IV Secretary | OfficerTrustee | 1 | $0 |
Kristyn Dilenno Board Member | Trustee | 1 | $0 |
Kim F Fortunato Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Food Management Services Food And Beverage Consultant | 6/29/22 | $314,614 |
Flooring Solutions Flooring | 6/29/22 | $275,168 |
Dell Marketing It Equipment And Services | 6/29/22 | $157,238 |
First Group America Student Transportation | 6/29/22 | $142,305 |
R E Page And Associates Insurance Agents, Brokers, And Service | 6/29/22 | $130,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,676,196 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000,478 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,676,674 |
| Total Program Service Revenue | $5,000 |
| 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 | $8,818,215 |
| 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. | $224,230 |
| Compensation of current officers, directors, key employees. | $53,793 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,080,994 |
| Pension plan accruals and contributions | $612 |
| Other employee benefits | $1,170,651 |
| Payroll taxes | $318,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,295 |
| Fees for services: Accounting | $20,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,991 |
| Advertising and promotion | $17,004 |
| Office expenses | $39,227 |
| Information technology | $172,661 |
| Royalties | $0 |
| Occupancy | $92,159 |
| Travel | $2,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,706 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,764 |
| Insurance | $54,521 |
| All other expenses | $167,296 |
| Total functional expenses | $7,880,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,894,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,256 |
| 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 |
| Net Land, buildings, and equipment | $879,920 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,024,332 |
| Total assets | $11,949,648 |
| Accounts payable and accrued expenses | $750,515 |
| 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 | $24,902,168 |
| Total liabilities | $25,652,683 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$13,703,035 |
| Total liabilities and net assets/fund balances | $11,949,648 |