Academics Plus Charter Schools Inc
- Assets
- $6.6m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 230
- Location
- Maumelle, AR
- Founding
- 03/2000
- Data as of
- 06/2022
- EIN
- 73-1574195
Organization Overview
Academics Plus Charter Schools Inc is located in Maumelle, AR. The organization was established in 2000. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Academics Plus Charter Schools Inc employed 230 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academics Plus Charter Schools 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, Academics Plus Charter Schools Inc generated $17.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $17.0m during the year ending 06/2022. While expenses have increased by 11.4% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESENTATION OF FORMAL INSTRUCTION WHICH HAS A FACULTY, A CURRICULUM, AN ENROLLED BODY OF STUDENTS, AND PLACE WHERE EDUCATION ACTIVITIES ARE REGULARLY SCHEDULED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARTER SCHOOL FOR GRADES K-12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Mcgill Executive Director | Officer | 40 | $140,954 |
Kyron Jones COO | Officer | 40 | $109,236 |
Adria Conklin Chair | OfficerTrustee | 1 | $0 |
JD Lowery Vice-Chair | OfficerTrustee | 1 | $0 |
Laura Davis Trustee | Trustee | 1 | $0 |
Sean Hagan Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Academics Plus Llc Facility Lease | 6/29/22 | $1,633,177 |
Maumelle Foundation For Education Facility Lease | 6/29/22 | $1,937,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,047,638 |
| 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 | $17,047,638 |
| Total Program Service Revenue | $198,355 |
| Investment income | $10,717 |
| 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 | $17,711,624 |
| 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. | $155,322 |
| Compensation of current officers, directors, key employees. | $155,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,083,253 |
| Pension plan accruals and contributions | $1,069,901 |
| Other employee benefits | $252,668 |
| Payroll taxes | $527,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,536 |
| 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 | $281,543 |
| Advertising and promotion | $4,365 |
| Office expenses | $822,294 |
| Information technology | $380,979 |
| Royalties | $0 |
| Occupancy | $5,160,125 |
| Travel | $330,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,074 |
| All other expenses | $16,370 |
| Total functional expenses | $16,992,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,525,075 |
| Savings and temporary cash investments | $370,000 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,704,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,599,500 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $4,190,119 |
| Net assets with donor restrictions | $2,409,381 |
| 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 | $6,599,500 |