Flex High School Of Cleveland Inc
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Richmond Heights, OH
- Founding
- Data as of
- 06/2023
- EIN
- 84-3909743
Organization Overview
Flex High School Of Cleveland Inc is located in Richmond Heights, OH. 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, Flex High School Of Cleveland Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flex High School Of Cleveland Inc 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, Flex High School Of Cleveland Inc generated $1.4m in total revenue. All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 20.5% per year over the past 3 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
AT FLEX HIGH, WE FOCUS ON PROVIDING A SAFE EDUCATIONAL ENVIRONMENT, SO THAT YOU MAY FOCUS ON YOUR GOAL OF OBTAINING A HIGH SCHOOL DIPLOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS A COMMUNITY SCHOOL OUR STRATEGY IS TO PERSONALIZE THE RESOURCES OF THE CHARTER SCHOOL AND COMMUNITY AROUND THE STUDENT'S SUCCESS. WE FOCUS ON EDUCATING SOME OF THE MOST INSPIRING, DEDICATED, HARD-WORKING YOUNG ADULTS YOU WILL EVER MEET. STUDENTS COME TO FLEX HIGH FOR A VARIETY OF REASONS, WITH SOME FACING EXTRAORDINARY OBSTACLES AND CHALLENGES. AND EVERY DAY, WE WITNESS THESE STUDENTS BREAK THROUGH THOSE OBSTACLES, FIND THEIR VOICE, AND SET THEIR SIGHTS ON A BETTER FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Petrea Board Member | Trustee | 1 | $1,125 |
Kim Bartlett Board Member | Trustee | 1 | $1,125 |
Mark Sanzotta Board Member | Trustee | 1 | $1,000 |
Henry Curtis IV Board Member | Trustee | 1 | $1,000 |
Gus Hoyas Board Member | Trustee | 1 | $875 |
Stacey Polk Board Member | Trustee | 1 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,434,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,434,872 |
| 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 | $1,434,872 |
| 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 | $467,295 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $309,157 |
| Payroll taxes | $0 |
| Fees for services: Management | $172,586 |
| Fees for services: Legal | $42,000 |
| Fees for services: Accounting | $43,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $159,362 |
| Advertising and promotion | $2,616 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,990 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,223 |
| All other expenses | $0 |
| Total functional expenses | $1,634,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $18,843 |
| Net Land, buildings, and equipment | $1,484,052 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $531,356 |
| Total assets | $2,216,703 |
| Accounts payable and accrued expenses | $712,540 |
| 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 | $164,147 |
| Other liabilities | $2,745,800 |
| Total liabilities | $3,622,487 |
| Net assets without donor restrictions | -$1,405,784 |
| 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 | $2,216,703 |