Clarksdale Collegiate
- Assets
- $10.1m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 63
- Location
- Clarksdale, MS
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 81-4454308
Organization Overview
Clarksdale Collegiate is located in Clarksdale, MS. 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 06/2022, Clarksdale Collegiate employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksdale Collegiate 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, Clarksdale Collegiate generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.7% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 45.3% 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
CLARKSDALE COLLEGIATE PUBLIC CHARTER SCHOOL PREPARES KINDERGARTEN THROUGH 8TH GRADE STUDENTS IN THE MISSISSIPPI DELTA TO EXCEL IN HIGH SCHOOL AND COLLEGE BY PROVIDING RIGOROUS INSTRUCTION WITHIN A STRUCTURED, AMBITIOUS, AND JUBILANT SCHOOL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Johnson Executive Dir. | Trustee | 40 | $95,379 |
Soenda Howell Board Member | Trustee | 2 | $0 |
Barbara Logan Smith Board Member | Trustee | 2 | $0 |
Eric Meier Board Member | Trustee | 2 | $0 |
Cassandra Williams Board Member | Trustee | 2 | $0 |
Steven Jossell Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,486,215 |
| Investment income | $718 |
| 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 | $4,829,953 |
| 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. | $95,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,181,630 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $346,115 |
| Payroll taxes | $177,333 |
| 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 | $273,433 |
| Advertising and promotion | $0 |
| Office expenses | $14,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $422,080 |
| Insurance | $78,388 |
| All other expenses | $0 |
| Total functional expenses | $5,082,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,592,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $226,698 |
| 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 | $44,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,148,953 |
| Accounts payable and accrued expenses | $334,950 |
| 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 | $6,260,537 |
| Total liabilities | $6,595,487 |
| Net assets without donor restrictions | $3,553,466 |
| 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 | $3,553,466 |