International Charter Academy Of Georgia Inc
- Assets
- $8.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 31
- Location
- Peachtree Corners, GA
- Founding
- 03/2018
- Data as of
- 06/2022
- EIN
- 81-4551916
Organization Overview
International Charter Academy Of Georgia Inc is located in Peachtree Corners, GA. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, International Charter Academy Of Georgia Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Charter Academy Of Georgia 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, International Charter Academy Of Georgia Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 66.7% each year . All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 48.3% per year over the past 5 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
2021 - 2022 WAS THE FOURTH ACADEMIC YEAR FOR INTERNATIONAL CHARTER ACADEMY OF GEORGIA (ICAGEORGIA). ICAGEORGIA AIMS TO BROADEN THE HORIZONS OF STUDENTS IN GEORGIA TO A DIVERSE INTERNATIONAL COMMUNITY SO THAT THEY MAY BECOME GLOBAL CITIZENS WHO PROMOTE PEACE AROUND THE WORLD. ICAGEORGIA IS A K-5 STATEWIDE CHARTER SCHOOL AND OFFERS A JAPANESE-ENGLISH DUAL LANGUAGE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUAL LANGUAGE PROGRAM
TITLE I PROGRAM - THE PURPOSE OF THIS TITLE IS TO ENSURE THAT ALL CHILDREN HAVE A FAIR, EQUAL, AND SIGNIFICANT OPPORTUNITY TO OBTAIN A HIGH-QUALITY EDUCATION AND REACH, AT A MINIMUM, PROFICIENCY ON CHALLENGING STATE ACADEMIC ACHIEVEMENT STANDARDS AND STATE ACADEMIC ASSESSMENTS.
THE SPED PROGRAM IS DESIGNED TO MEET THE SPECIFIC AND UNIQUE LEARNING/INSTRUCTIONAL NEEDS FOR STUDENTS WHO HAVE IDENTIFIED DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Junko Jones CFO | Officer | 60 | $105,336 |
Felecia Tucker-Jones Interim Principal | Officer | 50 | $91,219 |
Robert Johnson Board Chair | OfficerTrustee | 10 | $0 |
Floria Whitcomb Vice Chair/treasurer | OfficerTrustee | 4 | $0 |
Jessica Cork Secretary | OfficerTrustee | 3 | $0 |
Matthew Wagner Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,741,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,742 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,785,630 |
| Total Program Service Revenue | $4,505 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $59,900 |
| 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 | $2,850,035 |
| 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. | $265,011 |
| Compensation of current officers, directors, key employees. | $121,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $902,753 |
| Pension plan accruals and contributions | $317,884 |
| Other employee benefits | $620,152 |
| Payroll taxes | $75,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,629 |
| Advertising and promotion | $0 |
| Office expenses | $19,974 |
| Information technology | $24,610 |
| Royalties | $0 |
| Occupancy | $302,715 |
| Travel | $3,522 |
| 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 | $127,643 |
| Insurance | $23,594 |
| All other expenses | $9,225 |
| Total functional expenses | $2,903,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,377,262 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,100 |
| 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 | $6,941 |
| Net Land, buildings, and equipment | $4,213,304 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,516,201 |
| Total assets | $8,240,808 |
| Accounts payable and accrued expenses | $72,690 |
| 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 | $2,632,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,713,504 |
| Total liabilities | $6,418,681 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $241,310 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,580,817 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,240,808 |