Beacon Charter School Corp
- Assets
- $3.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 84
- Location
- Woonsocket, RI
- Founding
- 10/2003
- Data as of
- 06/2021
- EIN
- 58-2672578
Organization Overview
Beacon Charter School Corp is located in Woonsocket, RI. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Beacon Charter School Corp employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Charter School Corp 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, Beacon Charter School Corp generated $5.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.5m during the year ending 06/2021. While expenses have increased by 5.9% 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
BEACON CHARTER SCHOOLS DEVELOPS ARTISTIC THINKERS BY NURTURING SELF-EXPRESSION WHILE PREPARING OUR GRADUATES WITH THE ACADEMIC SKILLS NECESSARY FOR SUSTAINED POST-SECONDARY SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEACON CHARTER SCHOOLS, LOCATED IN WOONSOCKET, RHODE ISLAND CURRENTLY SERVES OVER 390 STUDENT ARTISTS FROM CITIES AND TOWNS ACROSS RHODE ISLAND. BEACON CHARTER HIGH SCHOOL FOR THE ARTS OPENED IN 2003 TO BRING EDUCATIONAL ALTERNATIVES TO THE COMMUNITY. THE SCHOOL COMBINES A HIGH SCHOOL COLLEGE PREPARATORY PROGRAM WITH VISUAL, PERFORMING, AND CULINARY ARTS. FOUNDERS ACADEMY WAS OPENED IN 2015 SERVING GRADES 6-8, TO FOCUS ON STRENGTHENING STUDENTS' CORE ACADEMIC SKILLS WHILE INTRODUCING THEM TO BEACON'S THREE CORNERSTONE ARTS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Skeldon Edd Superintendent | Officer | 40 | $127,744 |
Garrett Mancieri Chair | OfficerTrustee | 2 | $0 |
Melinda Acosta Vice Chair (resigned Jan 2021) | OfficerTrustee | 2 | $0 |
Amanda Larose Treasurer (resigned June 2021) | OfficerTrustee | 2 | $0 |
Laurie Nottie Secretary | OfficerTrustee | 2 | $0 |
George Costa Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,245 |
| Related organizations | $0 |
| Government grants | $455,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,668 |
| Total Program Service Revenue | $5,332,271 |
| Investment income | $14,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,500 |
| Net Income from Fundraising Events | $4,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,839,594 |
| 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. | $169,172 |
| Compensation of current officers, directors, key employees. | $50,752 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,188,752 |
| Pension plan accruals and contributions | $398,334 |
| Other employee benefits | $308,428 |
| Payroll taxes | $246,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,699 |
| Fees for services: Accounting | $27,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,447 |
| Advertising and promotion | $5,978 |
| Office expenses | $120,754 |
| Information technology | $42,791 |
| Royalties | $0 |
| Occupancy | $331,107 |
| Travel | $65,584 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,422 |
| Interest | $37,493 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,339 |
| Insurance | $94,577 |
| All other expenses | $0 |
| Total functional expenses | $5,467,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,606 |
| Savings and temporary cash investments | $328,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $201,402 |
| 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 | $50,110 |
| Net Land, buildings, and equipment | $1,740,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,558 |
| Total assets | $3,470,518 |
| Accounts payable and accrued expenses | $393,969 |
| 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 | $722,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,116,358 |
| Net assets without donor restrictions | $2,328,961 |
| Net assets with donor restrictions | $25,199 |
| 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 | $3,470,518 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Beacon Charter School Corp has recieved totaling $138,616.
| Awarding Organization | Amount |
|---|---|
The Champlin Foundation Pittsburgh, PA PURPOSE: STEM GATEWAY SCIENCE LAB PROJECT | $99,400 |
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: FACILITY ACCESSIBILITY MODIFICATIONS | $25,000 |
Felicia Fund Inc Providence, RI PURPOSE: GENERAL SUPPORT | $7,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,985 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwin College Magnet Schools Inc East Hartford, CT | $5,402,152 | $17,501,870 |
Achievement First Hartford Academy Inc New Haven, CT | $6,951,433 | $17,053,937 |
Paul Cuffee School Providence, RI | $13,974,820 | $16,770,174 |
Achievement First Bridgeport Academy Inc New Haven, CT | $13,758,067 | $16,509,487 |
Capital Prep Charter Schools Ny Bridgeport, CT | $5,743,327 | $15,721,123 |
Elm City College Preparatory Inc New Haven, CT | $33,084,628 | $13,299,319 |
The Highlander Charter School Providence, RI | $14,624,382 | $14,745,189 |
Capital Prep Harbor School Inc Bridgeport, CT | $4,120,211 | $11,615,050 |
Great Oaks Charter School - Bridgeport Inc Bridgeport, CT | $4,760,394 | $9,171,396 |
Highville Charter School Inc New Haven, CT | $16,114,071 | $7,986,663 |
New Beginnings Family Academy Inc Bridgeport, CT | $6,914,685 | $8,124,878 |
International Charter School Corporation Pawtucket, RI | $4,227,421 | $6,703,285 |