Charleston Advancement Academy High School
- Assets
- $3.8m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 29
- Location
- Charleston, SC
- Founding
- 07/2018
- Data as of
- 06/2022
- EIN
- 61-1880804
Organization Overview
Charleston Advancement Academy High School is located in Charleston, SC. The organization was established in 2018. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Charleston Advancement Academy High School employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston Advancement Academy High School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL IS AN INNOVATIVE EDUCATION LEADER SERVING GRADES 9-12 IN CHARLESTON, SC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL SERVED APPROXIMATELY 453 STUDENTS DURING THE 2021-22 SCHOOL YEAR IN GRADES 9 THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nadine Deif Board Chair | OfficerTrustee | 15 | $0 |
Traci Combs Secretary | OfficerTrustee | 4 | $0 |
Kenneth Battle Vice Chair | OfficerTrustee | 10 | $0 |
Vivian Pettigrew Board Member | Trustee | 0.5 | $0 |
Elizabeth Moffly Treasurer | OfficerTrustee | 3 | $0 |
Michelle Paradis Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckenna Snyder Llc Legal Services | 6/29/21 | $108,203 |
Turner Caudell Legal Services | 6/29/21 | $100,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,674,451 |
| 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 | $4,674,451 |
| Total Program Service Revenue | $3,206 |
| Investment income | $174 |
| 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 | $4,677,831 |
| 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 | $1,843,865 |
| Pension plan accruals and contributions | $63,341 |
| Other employee benefits | $158,393 |
| Payroll taxes | $137,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $178,934 |
| Fees for services: Accounting | $71,649 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,129 |
| Advertising and promotion | $59,194 |
| Office expenses | $21,092 |
| Information technology | $71,212 |
| Royalties | $0 |
| Occupancy | $165,235 |
| Travel | $15,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,285 |
| Insurance | $0 |
| All other expenses | $17,708 |
| Total functional expenses | $3,081,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,325,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $219,632 |
| 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 | $744 |
| Net Land, buildings, and equipment | $281,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,827,698 |
| Accounts payable and accrued expenses | $74,837 |
| Grants payable | $0 |
| Deferred revenue | $200 |
| 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 | $185,088 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,575 |
| Total liabilities | $278,700 |
| 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 | $3,548,998 |
| Total liabilities and net assets/fund balances | $3,827,698 |