Goodwill Arkansas Education Initiatives Inc
- Assets
- $10.2k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Little Rock, AR
- Founding
- 08/2016
- Data as of
- 06/2022
- EIN
- 81-3306959
Organization Overview
Goodwill Arkansas Education Initiatives Inc, operating under the name The Excel Center, is located in Little Rock, AR. 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 06/2022, Excel Center employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excel Center 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, Excel Center generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 6 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
THE EXCEL CENTER AT GOODWILL IS A FREE PUBLIC HIGH SCHOOL THAT PROVIDES ADULTS THE OPPORTUNITY TO EARN AN ARKANSAS HIGH SCHOOL DIPLOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EXCEL CENTER ENDED THE SCHOOL YEAR WITH 86 STUDENTS RANGING IN AGE FROM 19 TO 67 WITH A MEDIAN AGE OF 31. STUDENTS WERE 85 PERCENT FEMALE AND 15 PERCENT MALE. THE UNDUPLICATED ENROLLMENT COUNT FOR THE 2021-22 SCHOOL YEAR WAS 229 STUDENTS, REPRESENTING A GROWTH IN UNDUPLICATED ENROLLMENT OF 109 STUDENTS OVER LAST SCHOOL YEAR. AVERAGE BEGINNING OF TERM ENROLLMENT WAS 103 STUDENTS AND THE AVERAGE END OF TERM ENROLLMENT WAS 81 STUDENTS. THE EXCEL CENTER COMPLETED THE YEAR WITH AN AVERAGE RETENTION RATE OF 79%. A TOTAL OF 740 CREDITS WERE EARNED BY STUDENTS FOR THE 2021-22 SCHOOL YEAR. A TOTAL OF 31 STUDENTS GRADUATED DURING THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian F Marsh President And CEO | OfficerTrustee | 1 | $0 |
Sylvia Murchison Sr Vice President And Chief Fi | Officer | 1 | $0 |
Markous Jewett Sr Vice President And Chief Fi | Officer | 25 | $0 |
Kristen Qandah Vice President, Finance | 1 | $0 | |
Greg Wertenberger School Director | 50 | $78,302 | |
Margaret Ellibee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,900,063 |
| 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 | $1,902,945 |
| Statement of Expenses | |
|---|---|
| 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. | $70,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $690,540 |
| Pension plan accruals and contributions | $112,431 |
| Other employee benefits | $29,660 |
| Payroll taxes | $58,844 |
| Fees for services: Management | $304,279 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,367 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $100 |
| Office expenses | $13,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $556,073 |
| Travel | $2,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $21,372 |
| All other expenses | $0 |
| Total functional expenses | $1,916,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $8,521 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,659 |
| Total assets | $10,180 |
| Accounts payable and accrued expenses | $79,777 |
| 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 | $79,777 |
| Net assets without donor restrictions | -$69,597 |
| 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 |
| Total liabilities and net assets/fund balances | -$69,597 |