G-Star School Of The Arts Inc
- Assets
- $7.3m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 110
- Location
- Palm Springs, FL
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 65-0887998
Organization Overview
G-Star School Of The Arts Inc is located in Palm Springs, FL. The organization was established in 2000. 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, G-Star School Of The Arts Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G-Star School Of The Arts 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, G-Star School Of The Arts Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $7.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A FLORIDA CHARTER SCHOOL AS PROVIDED FOR AND BY FLORIDA STATUTES. THE SCHOOL IS AUTHORIZED BY & UNDER CONTRACT WITH THE PALM BEACH COUNTY FLORIDA SCHOOL DISTRICT. THE SCHOOL PROVIDES EDUCATION FOR HIGH SCHOOL STUDENTS WITH AN EMPHASIS ON ARTS AND THEATER.
Describe the Organization's Program Activity:
TO PROVIDE AN EDUCATION FOR ITS STUDENTS AS A FLORIDA CHARTER SCHOOL WITH AN EMPHASIS ON ARTS AND THEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hauptner CEO | OfficerTrustee | 40 | $208,460 |
Kevin Smith Chairperson | OfficerTrustee | 2 | $0 |
Michelle Forgione Secretary | OfficerTrustee | 2 | $0 |
William R Smith Treasurer | OfficerTrustee | 2 | $0 |
James Golden Director | Trustee | 2 | $0 |
Kim Collins Principal | Officer | 40 | $145,564 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,263,446 |
| 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 | $8,263,446 |
| Total Program Service Revenue | $3,820 |
| Investment income | $1,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,071 |
| 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 | $8,273,513 |
| 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. | $145,564 |
| Compensation of current officers, directors, key employees. | $22,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,952,233 |
| Pension plan accruals and contributions | -$119,784 |
| Other employee benefits | $505,945 |
| Payroll taxes | $312,965 |
| Fees for services: Management | $260,468 |
| Fees for services: Legal | $6,942 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,786 |
| Advertising and promotion | $71,138 |
| Office expenses | $0 |
| Information technology | $83,839 |
| Royalties | $0 |
| Occupancy | $171,586 |
| Travel | $10,412 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,699 |
| Insurance | $124,884 |
| All other expenses | $158,487 |
| Total functional expenses | $7,583,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,840 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,162 |
| 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 | $11 |
| Net Land, buildings, and equipment | $5,568,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,255,819 |
| Total assets | $7,273,588 |
| Accounts payable and accrued expenses | $454,040 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,691,604 |
| 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 | $466,861 |
| Other liabilities | $3,554,296 |
| Total liabilities | $10,166,801 |
| Net assets without donor restrictions | -$2,893,213 |
| 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 | $7,273,588 |