Scholarmade Achievement Place Of Arkansas
- Assets
- $595.4k
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 74
- Location
- Little Rock, AR
- Founding
- 07/2018
- Data as of
- 06/2023
- EIN
- 82-5290461
Organization Overview
Scholarmade Achievement Place Of Arkansas is located in Little Rock, AR. The organization was established in 2018. 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, Scholarmade Achievement Place Of Arkansas employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarmade Achievement Place Of Arkansas 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, Scholarmade Achievement Place Of Arkansas generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $6.2m during the year ending 06/2023. While expenses have increased by 17.4% 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
WE PREPARE OUR SCHOLARS THROUGH EMOTIONAL INTELLIGENCE AND PERSONALIZED LEARNING TO BE SELF-CONFIDENT, INTELLECTUALLY INQUISITIVE, EMOTIONALLY INTELLIGENT, AND ACADEMICALLY ACCOMPLISHED BEINGS. OUR SCHOLARS WILL BECOME LEADERS AND PROBLEM-SOLVERS WHO WILL IMPROVE CONDITIONS WHERE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITY GAPS WILL BE CLOSED AS ALL SCHOLARS ACHIEVE ACADEMICALLY AT HIGH LEVELS. OUR MISSION IS MEANT TO INSPIRE AND UPLIFT EVERYONE INVOLVED IN THE WORK OF DEVELOPING YOUNG PEOPLE. IT IS A CONSCIOUS EFFORT TO PREPARE YOUNG PEOPLE TO SERVE AND CARE ABOUT THEIR COMMUNITIES, TO GIVE THEM THE SKILLS NECESSARY TO BE SUCCESSFUL IN HIGH SCHOOL AND COLLEGE, AND PREPARE THEM TO BE CHANGE AGENTS, MOVEMENT LEADERS, AND PROBLEM SOLVERS WITHIN THOSE COMMUNITIES.FAMILIES AND COMMUNITIES ARE ESSENTIAL FORMS OF SUPPORT THAT ENSURE SCHOOLS NOT ONLY HELP STUDENTS TO ACHIEVE ACADEMICALLY, BUT ALSO ENSURE THAT THE QUALITY OF LIFE FOR CHILDREN LIVING IN POVERTY IS IMPROVED. OUR COLLECTIVE STRENGTH WILL REACH MORE STUDENTS TO TRANSFER LEARNING AND LEADERSHIP AS WE ALL PURSUE ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Crain Board Member | Trustee | 1 | $0 |
Sericia Cole Board Member | Trustee | 1 | $0 |
Branndii Peterson Board Member | Trustee | 1 | $0 |
Gerald Harris Board Member | Trustee | 1 | $0 |
Susan Forte Board Member | Trustee | 1 | $0 |
Phillis Nichols-Anderson Chief Executive Officer | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,292,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,315,793 |
| Total Program Service Revenue | $0 |
| 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 | $6,315,793 |
| 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. | $175,303 |
| Compensation of current officers, directors, key employees. | $175,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,981,812 |
| Pension plan accruals and contributions | $475,707 |
| Other employee benefits | $153,370 |
| Payroll taxes | $236,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $93,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,494 |
| Advertising and promotion | $17,547 |
| Office expenses | $81,722 |
| Information technology | $42,038 |
| Royalties | $0 |
| Occupancy | $794,781 |
| Travel | $75,064 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,761 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $91,187 |
| All other expenses | $0 |
| Total functional expenses | $6,206,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $389,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206,235 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,445 |
| Accounts payable and accrued expenses | $26,109 |
| 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 | $26,109 |
| Net assets without donor restrictions | $432,771 |
| Net assets with donor restrictions | $136,565 |
| 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 | $595,445 |