Charette Charter School
- Assets
- $7.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 32
- Location
- Providence, RI
- Founding
- 03/2019
- Data as of
- 06/2023
- EIN
- 82-4296249
Organization Overview
Charette Charter School is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Charette Charter School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charette 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 06/2023, Charette Charter School generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 21.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S MISSION IS TO INSPIRE STUDENTS TO BECOME PRACTITIONERS OF CITY PLANNING AS A LIFE LONG CIVIC ENGAGEMENT STRATEGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF APPROXIMATELY 165 STUDENTS IN 9TH, 10TH, 11TH AND 12TH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Vespia Executive Di | $158,340 | ||
Marijoan Bull Trustee | $0 | ||
Sandra Castro Trustee | $0 | ||
Anika Clement Trustee | $0 | ||
Roxanne Debritto Trustee | $0 | ||
Frank Prosnitz Vice-Chairma | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,693,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,693,720 |
| Total Program Service Revenue | $2,938,312 |
| Investment income | $11,196 |
| 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 | $4,643,228 |
| 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 | $1,616,931 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $308,768 |
| Payroll taxes | $124,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,997 |
| Fees for services: Accounting | $85,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,567 |
| Fees for services: Other | $99,259 |
| Advertising and promotion | $160 |
| Office expenses | $1,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $635,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,271 |
| Insurance | $21,790 |
| All other expenses | $160,820 |
| Total functional expenses | $3,556,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $909,712 |
| Savings and temporary cash investments | $613,608 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $640,170 |
| 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 | $7,710 |
| Net Land, buildings, and equipment | $1,048,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,925,113 |
| Total assets | $7,144,375 |
| Accounts payable and accrued expenses | $313,895 |
| 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 | $4,271,308 |
| Total liabilities | $4,585,203 |
| Net assets without donor restrictions | $2,559,172 |
| 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 | $7,144,375 |