Globe Charter School
- Assets
- $3.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- Colorado Springs, CO
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 84-1301281
Organization Overview
Globe Charter School is located in Colorado Springs, CO. The organization was established in 1995. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Globe Charter School employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Globe 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, Globe Charter School generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Wehner Vice President | OfficerTrustee | 3 | $0 |
Karl D Hering President | OfficerTrustee | 10 | $0 |
Kristina Singh Board Secretary | OfficerTrustee | 3 | $0 |
Jonathan Joubert Board Member | Trustee | 2 | $0 |
Robert Ludeman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,572 |
| 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 | $224,572 |
| Total Program Service Revenue | $1,128,907 |
| Investment income | $4,282 |
| 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 | $1,369,321 |
| 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 | $591,566 |
| Pension plan accruals and contributions | -$109,866 |
| Other employee benefits | $32,703 |
| Payroll taxes | -$23,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,996 |
| Fees for services: Accounting | $36,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,485 |
| Advertising and promotion | $13,071 |
| Office expenses | $0 |
| Information technology | $4,779 |
| Royalties | $0 |
| Occupancy | $102,968 |
| Travel | $5,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,448 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,746 |
| Insurance | $12,673 |
| All other expenses | $24,317 |
| Total functional expenses | $1,404,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $274,027 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,542,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $312,526 |
| Total assets | $3,244,961 |
| Accounts payable and accrued expenses | $68,867 |
| 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 | $2,152,777 |
| Other liabilities | $1,983,823 |
| Total liabilities | $4,205,467 |
| Net assets without donor restrictions | -$999,006 |
| Net assets with donor restrictions | $38,500 |
| 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 | $3,244,961 |