Healthy Start Education Inc
- Assets
- $7.7m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 79
- Location
- Durham, NC
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 56-1996741
Organization Overview
Healthy Start Education Inc is located in Durham, NC. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Healthy Start Education Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthy Start Education 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, Healthy Start Education Inc generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
NORTH CAROLINA NON-PROFIT OPERATING A K-8TH GRADE PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL IN DURHAM, NC FOR STUDENTS GRADES K TRHOUGH 8TH GRADE SERVING APPROXIMATELY 400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Quigley Executive Di | 40 | $124,433 | |
Cary Cain Board Member | Trustee | 0.5 | $0 |
John Deberry Board Member | Trustee | 0.5 | $0 |
Preston Edwards Board Member | Trustee | 0.5 | $0 |
Richard Ford Board Member | Trustee | 0.5 | $0 |
Ernesto Lembert Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Famous Chicken Hut | 6/29/22 | $421,777 |
Elite Transit Llc | 6/29/22 | $288,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,945,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,945,933 |
| Total Program Service Revenue | $46,990 |
| Investment income | $420 |
| 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 | $8,072,027 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,486,338 |
| Pension plan accruals and contributions | $716,092 |
| Other employee benefits | $361,853 |
| Payroll taxes | $256,210 |
| 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 | $1,673,487 |
| Advertising and promotion | $0 |
| Office expenses | $271,116 |
| Information technology | $121,146 |
| Royalties | $0 |
| Occupancy | $226,156 |
| Travel | $173,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,184 |
| Insurance | $27,225 |
| All other expenses | $0 |
| Total functional expenses | $7,825,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,246,632 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,296 |
| 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 | $92,630 |
| Net Land, buildings, and equipment | $1,507,775 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $679,196 |
| Other assets | $3,028,265 |
| Total assets | $7,657,794 |
| Accounts payable and accrued expenses | $119,382 |
| 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 | $9,183,766 |
| Total liabilities | $9,303,148 |
| Net assets without donor restrictions | -$1,645,354 |
| 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 | $7,657,794 |