University Charter School
- Assets
- $37.6m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 113
- Location
- Livingston, AL
- Founding
- 09/2017
- Data as of
- 09/2023
- EIN
- 82-1304767
Organization Overview
University Charter School is located in Livingston, AL. 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 09/2023, University Charter School employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Charter School 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 09/2023, University Charter School generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.8% each year . All expenses for the organization totaled $12.4m during the year ending 09/2023. While expenses have increased by 54.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL IN LIVINGSTON, AL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL IN LIVINGSTON, AL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Micky Smith President | OfficerTrustee | 2 | $0 |
Mr Colin Mcrae Board Member | Trustee | 1 | $0 |
Mr Michael Davis Board Member | Trustee | 1 | $0 |
Mr Anthony Crear Vice President | OfficerTrustee | 1 | $0 |
Dr Natasha Satcher Board Member | Trustee | 1 | $0 |
Mr Kyle Edmonds Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,818,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,050,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,868,814 |
| Total Program Service Revenue | $9,809,722 |
| 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 | $14,678,536 |
| 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 | $4,256,895 |
| Pension plan accruals and contributions | $3,269,035 |
| Other employee benefits | $713,714 |
| Payroll taxes | $279,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,624 |
| Fees for services: Accounting | $8,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $180,690 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,614 |
| Interest | $1,318,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,608 |
| Insurance | $111,511 |
| All other expenses | $312,783 |
| Total functional expenses | $12,437,180 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,868,128 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,866,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,825 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,025,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,832,532 |
| Total assets | $37,599,220 |
| Accounts payable and accrued expenses | $625,516 |
| 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 | $22,032,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,441,856 |
| Total liabilities | $35,099,548 |
| Net assets without donor restrictions | $2,499,672 |
| 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 | $37,599,220 |