SEEDEXCEL Charter School LLC
- Assets
- $749.8k
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Riverdale, MD
- Founding
- Data as of
- 06/2022
- EIN
- 83-1611520
Organization Overview
SEEDEXCEL Charter School LLC, operating under the name EXCEL Academy Public Charter S, is located in Riverdale, MD. As of 06/2022, EXCEL Academy Public Charter S employed 15 individuals. EXCEL Academy Public Charter S 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, EXCEL Academy Public Charter S generated $5.2m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 6.9% per year over the past 2 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
THE MISSION OF EXCEL ACADEMY PUBLIC CHARTER SCHOOL IS TO PROVIDE ITS STUDENTS WITH A STANDARDS-BASED, WHOLISTIC, COLLEGE PREPARATORY EDUCATION. WE CULTIVATE EVERY STUDENTS ACADEMIC AND SOCIAL LEARNING POTENTIAL THROUGH A RIGOROUS ACADEMIC PROGRAM, PARTNERSHIPS WITH STAKEHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
(A) THE SCHOOL IS POISED TO BEGIN THE INTERNATIONAL BACCALAUREATE AUTHORIZATION PROCESS BEGINNING IN FALL 2002 WITH AN APPLICATION, AND AN AUTHORIZATION VISIT IN SPRING OR FALL 2023. (B) AN INITIAL SHIPMENT OF BOOKS TO ESTABLISH A LIBRARY HAS BEEN RECEIVED; A CIRCULATION PLAN HAS BEEN DEVELOPED FOR STUDENTS TO ACCESS THE BOOKS THROUGH THEIR CLASSROOMS. (C) A NEW LOCATION FOR THE SCHOOL IS UNDER CONTRACT. THE NEW FACILITY WILL BE READY FOR THE START OF THE 2023-24 SCHOOL YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa B Mcdougal President | Officer | 25 | $60,250 |
Clarence Jones Jr Board Chair | Officer | 0.5 | $0 |
Chessa Huff-Woodard Director | Trustee | 0.5 | $0 |
Kimberly Campbell Director | Trustee | 0.5 | $0 |
Marilyn Goldsmith Director | Trustee | 0.5 | $0 |
Denise Johnson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,199,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,199,981 |
| 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 | $5,199,981 |
| 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. | $60,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,009,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $434,648 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $900 |
| 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 | $43,139 |
| Insurance | $0 |
| All other expenses | $75,147 |
| Total functional expenses | $5,538,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $352,765 |
| Accounts receivable, net | $50,000 |
| 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 | $10,624 |
| Net Land, buildings, and equipment | $31,116 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $749,815 |
| Accounts payable and accrued expenses | $67,200 |
| 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 | $67,200 |
| Net assets without donor restrictions | $682,615 |
| 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 | $749,815 |
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