Butler Academy
- Assets
- $1.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 74
- Location
- Hartsville, SC
- Founding
- 11/2019
- Data as of
- 06/2022
- EIN
- 83-1745991
Organization Overview
Butler Academy is located in Hartsville, SC. 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 06/2022, Butler Academy employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Butler Academy 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, Butler Academy generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 62.8% each year . All expenses for the organization totaled $3.7m during the year ending 06/2022. 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
A TUITION-FREE PUBLIC CHARTER SCHOOL IN HARTSVILLE, SOUTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS YEAR WAS THE FIRST YEAR THE SCHOOL WAS IN OPERATIONS. IT SERVED APPROXIMATELY 288 STUDENTS IN GRADES KINDERGARTEN THROUGH GRADE 5.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Brown Board Member | Trustee | 2 | $0 |
Emilye Mobley Board Member | Trustee | 2 | $0 |
Jon Shannon Vice Chair | Trustee | 2 | $0 |
Ilaisaane Tyree Treasurer | OfficerTrustee | 3 | $0 |
Jerome Reyes Board Member | Trustee | 40 | $103,239 |
Marian Japitana Bunnell Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,287,202 |
| All other contributions, gifts, grants, and similar amounts not included above | $782,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,069,608 |
| Total Program Service Revenue | $40,896 |
| 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 | $4,110,504 |
| 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 | $2,010,975 |
| Pension plan accruals and contributions | $34,196 |
| Other employee benefits | $181,535 |
| Payroll taxes | $156,839 |
| Fees for services: Management | $11,293 |
| Fees for services: Legal | $8,652 |
| Fees for services: Accounting | $40,734 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,081 |
| Advertising and promotion | $62,143 |
| Office expenses | $32,514 |
| Information technology | $17,417 |
| Royalties | $0 |
| Occupancy | $189,581 |
| Travel | $1,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $237,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,255 |
| Insurance | $12,337 |
| All other expenses | $33,164 |
| Total functional expenses | $3,664,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,076,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $411,851 |
| Accounts receivable, net | $0 |
| 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 | $45,136 |
| Net Land, buildings, and equipment | $197,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,886 |
| Total assets | $1,753,977 |
| Accounts payable and accrued expenses | $19,854 |
| Grants payable | $0 |
| Deferred revenue | $1,542 |
| 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 | $167,262 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,819 |
| Total liabilities | $194,477 |
| Net assets without donor restrictions | $0 |
| 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 | $1,559,500 |
| Total liabilities and net assets/fund balances | $1,753,977 |