Berkeley Charter Education Association Inc
- Assets
- $17.5m
- Revenue
- $9.7m
- Investments
- $0.0
- Employees
- 111
- Location
- Goose Creek, SC
- Founding
- 03/2017
- Data as of
- 06/2021
- EIN
- 81-1188857
Organization Overview
Berkeley Charter Education Association Inc is located in Goose Creek, SC. The organization was established in 2017. 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, Berkeley Charter Education Association Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkeley Charter Education Association 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 06/2021, Berkeley Charter Education Association Inc generated $9.7m in total revenue. All expenses for the organization totaled $10.1m during the year ending 06/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BERKELEY CHARTER EDUCATION ASSOCIATION, INC IS MADE UP OF A GROUP OF COMMUNITY LEADERS WITH EXPERTISE IN THE FIELDS OF EDUCATION, FINANCE, LAW, MARKETING, REAL ESTATE, BUSINESS, AND GOVERNMENT WHO SHARE A COMMON VISION TO START A SCHOOL THAT WOULD ALLOW STUDENTS TO OBTAIN THE KNOWLEDGE AND SKILLS NEEDED TO BE LEADERS AND PROFESSIONALS, AS WELL AS KEEP UP WITH ADVANCED TECHNOLOGIES IN ALL TYPES OF BUSINESSES AND INDUSTRIES FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEVERS SCHOOL OF EXCELLENCE IS A TUITION-FREE PUBLIC CHARTER SCHOOL THAT WAS ESTABLISHED IN AUGUST 2016 TO SERVE STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN BERKELEY COUNTY, SOUTH CAROLINA. DURING THE 2020-21 SCHOOL YEAR APPROXIMATELY 930 STUDENTS WERE ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stewart Weinberg PHD President | OfficerTrustee | 2 | $0 |
Cheryl Hollis Vice-President | OfficerTrustee | 1 | $0 |
Jeff Hajek Treasurer | Trustee | 1 | $0 |
Sandra Hightower Secretary | Trustee | 1 | $0 |
Joseph Bowers Director | Trustee | 1 | $0 |
Maria Sweet Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Preferred Meal Systems Inc Food Service | 6/29/19 | $198,018 |
Charter Schools Usa Management | 6/29/19 | $1,023,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,420,662 |
| 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 | $9,420,662 |
| Total Program Service Revenue | $240,117 |
| Investment income | $292 |
| 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 | $9,661,071 |
| 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 | $3,352,701 |
| Pension plan accruals and contributions | $10,176 |
| Other employee benefits | $354,110 |
| Payroll taxes | $255,505 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,872 |
| Fees for services: Accounting | $333,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,296,201 |
| Advertising and promotion | $24,816 |
| Office expenses | $79,909 |
| Information technology | $89,348 |
| Royalties | $0 |
| Occupancy | $587,103 |
| Travel | $14,310 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,897,117 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $690,182 |
| Insurance | $85,555 |
| All other expenses | $108,660 |
| Total functional expenses | $10,111,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,128,246 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $506,305 |
| 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 | $190,363 |
| Net Land, buildings, and equipment | $13,625,043 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,032 |
| Total assets | $17,487,989 |
| Accounts payable and accrued expenses | $401,209 |
| 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 | $16,244,461 |
| Total liabilities | $16,645,670 |
| Net assets without donor restrictions | $842,319 |
| 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 | $17,487,989 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Berkeley Charter Education Association Inc has recieved totaling $387.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |
Sugar Creek Charter School Inc Charlotte, NC | $29,486,928 | $22,844,199 |
York Preparatory Academy Inc Rock Hill, SC | $46,250,358 | $19,880,762 |
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |