Crosstown High School Inc
- Assets
- $9.0m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 80
- Location
- Memphis, TN
- Founding
- 07/2016
- Data as of
- 06/2023
- EIN
- 81-0717938
Organization Overview
Crosstown High School Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Crosstown High School Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosstown High 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 06/2023, Crosstown High School Inc generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $8.8m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CROSSTOWN HIGH SCHOOL IS A PUBLIC CHARTER SCHOOL THAT PREPARES STUDENTS FOR COLLEGE, CAREER, AND LIFE THROUGH PERSONALIZED LEARNING PLANS AND PROJECT-BASED LEARNING; EXPOSURE TO A DIVERSE COMMUNITY; AND CRITICAL RELATIONSHIPS WITH COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO FOSTER PROJECT-BASED LEARNING AND PROBLEM SOLVING TO PREPARE STUDENTS TO SUCCESSFULLY ADDRESS ISSUES FACING LOCAL BUSINESSES AND ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Todd Richardson Board Member | Trustee | 1 | $0 |
Dr Charles Mckinney Board Member | Trustee | 1 | $0 |
Meg Crosby Vice Chair | OfficerTrustee | 1 | $0 |
Tom Marino Treasurer | OfficerTrustee | 1 | $0 |
Justin Jamerson Chairman | OfficerTrustee | 1 | $0 |
Santiago Arbelaez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,884,862 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,620,067 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,504,929 |
| Total Program Service Revenue | $98,086 |
| 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 | $8,603,015 |
| 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. | $181,479 |
| Compensation of current officers, directors, key employees. | $181,479 |
| Compensation to disqualified persons | $3,436,853 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $480,678 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $561,397 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,311 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,297,624 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,830,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,427,716 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $439,929 |
| 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 | $15,821 |
| Net Land, buildings, and equipment | $1,214,654 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,442,970 |
| Other assets | $1,443,970 |
| Total assets | $8,985,060 |
| Accounts payable and accrued expenses | $215,871 |
| 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 | $7,398,607 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,332,964 |
| Total liabilities | $8,947,442 |
| Net assets without donor restrictions | -$740,667 |
| Net assets with donor restrictions | $778,285 |
| 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 | $8,985,060 |