Kuumba Academy Charter School Inc
- Assets
- $15.3m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 51-0399911
Organization Overview
Kuumba Academy Charter School Inc is located in Wilmington, DE. The organization was established in 2014. According to its NTEE Classification (B29) the organization is classified as: Charter 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. Kuumba Academy Charter School 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 06/2023, Kuumba Academy Charter School Inc generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $16.1m during the year ending 06/2023. While expenses have increased by 9.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
KUUMBA ACADEMY MISSION IS TO PROVIDE AN INNOVATIVE LEARNING ENVIRONMENT FOCUSED ON THE WHOLE CHILD. KUUMBA ACADEMY DIRECTORS, STAFF AND PARENTS SHARE A CORE BELIEF THAT PARENTS ARE THE PRIMARY EDUCATORS AND ARE IN PARTNERSHIP WITH KUUMBA ACADEMY
Describe the Organization's Program Activity:
Part 3 - Line 4a
KUUMBA ACADEMY IS A TUITION-FREE PUBLIC CHARTER SCHOOL WHOSE MISSION IS TO EDUCATE KINDERGARTEN THROUGH EIGHTH GRADE STUDENTS WITH INSTRUCTIONAL SERVICES DELIVERED WITH A CREATIVE INTEGRATION BETWEEN ACADEMICS AND THE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Maldonado CEO | Officer | 40 | $130,066 |
Ayanna Johnson | 40 | $109,255 | |
Dr Joan Coker Vice President | Trustee | 2 | $0 |
Darren Moore Secretary | Trustee | 2 | $0 |
H Raye Jones Avery Vice President | Trustee | 2 | $0 |
Kenneth Brown Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lynwood Transportation | 6/29/23 | $995,058 |
Brandywine Information Group Info Technology | 6/29/23 | $174,775 |
Christiana Care Health Services Health Care Services | 6/29/23 | $183,760 |
Community Staffing Agency Llc Substitute Teaching | 6/29/23 | $127,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,814,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,914,790 |
| Total Program Service Revenue | $193,081 |
| Investment income | $11,366 |
| 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 | $16,119,237 |
| 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. | $136,405 |
| Compensation of current officers, directors, key employees. | $27,281 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,174,352 |
| Pension plan accruals and contributions | $2,488,526 |
| Other employee benefits | $952,177 |
| Payroll taxes | $554,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,040 |
| Fees for services: Accounting | $92,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,046,603 |
| Advertising and promotion | $2,703 |
| Office expenses | $75,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,707,345 |
| Travel | $6,525 |
| 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 | $3,976 |
| Insurance | $0 |
| All other expenses | $14,657 |
| Total functional expenses | $16,097,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,677,830 |
| Savings and temporary cash investments | $286,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $811,575 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,514,827 |
| Other assets | $9,988,674 |
| Total assets | $15,279,591 |
| Accounts payable and accrued expenses | $3,572,019 |
| Grants payable | $0 |
| Deferred revenue | $6,971,142 |
| 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 | $23,100,688 |
| Total liabilities | $33,643,849 |
| Net assets without donor restrictions | -$18,512,097 |
| Net assets with donor restrictions | $147,839 |
| 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 | $15,279,591 |