Queens Grant Community School Inc
- Assets
- $5.4m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 62
- Location
- Mint Hill, NC
- Founding
- 03/2004
- Data as of
- 06/2021
- EIN
- 56-2241498
Organization Overview
Queens Grant Community School Inc is located in Mint Hill, NC. The organization was established in 2004. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Queens Grant Community School Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queens Grant Community 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 06/2021, Queens Grant Community School Inc generated $12.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $11.6m during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A PUBLIC CHARTER SCHOOL WHICH PROVIDES EDUCATION BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC CHARTER SCHOOL. THE SCHOOL PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE. THE SCHOOL OPERATES UNDER A CHARTER APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION.
OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC CHARTER SCHOOL DESCRIBED ABOVE. THE SCHOOL OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE, IN THE AMOUNT OF $40,285.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Naumann Vice President | OfficerTrustee | 2 | $0 |
Jef Freeman Treasurer | OfficerTrustee | 2 | $0 |
Tara Goodfellow Secretary | OfficerTrustee | 2 | $0 |
Ted Biggers President | OfficerTrustee | 2 | $0 |
Bethany Welch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,553,002 |
| 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 | $12,553,002 |
| Total Program Service Revenue | $28,148 |
| 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 | $12,616,150 |
| 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 | $4,684,424 |
| Pension plan accruals and contributions | $98,922 |
| Other employee benefits | $608,922 |
| Payroll taxes | $361,623 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $229,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $720,937 |
| Advertising and promotion | $101,914 |
| Office expenses | $710,345 |
| Information technology | $353,439 |
| Royalties | $0 |
| Occupancy | $1,857,772 |
| Travel | $2,645 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,785 |
| Interest | $53,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,553 |
| Insurance | $54,917 |
| All other expenses | $355,100 |
| Total functional expenses | $11,559,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,056,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $700,991 |
| Accounts receivable, net | $0 |
| 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 | $137,292 |
| Net Land, buildings, and equipment | $1,526,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,750 |
| Total assets | $5,438,549 |
| Accounts payable and accrued expenses | $103,032 |
| Grants payable | $0 |
| Deferred revenue | $12,193 |
| 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 | $1,003,004 |
| Other liabilities | $1,212,904 |
| Total liabilities | $2,331,133 |
| Net assets without donor restrictions | $3,107,416 |
| 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 | $5,438,549 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Queens Grant Community School Inc has recieved totaling $10,683.
| Awarding Organization | Amount |
|---|---|
North Carolina High School Athletic Chapel Hill, NC PURPOSE: TO SUBSIDIZE SCHOOL COSTS. | $10,683 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |