Form 990 for tax year 2022
Filed by KUUMBA ACADEMY CHARTER SCHOOL INC.
Totals
- Total revenue
- $16,119,237
- Total expenses
- $16,097,221
- Contributions and grants received
- $15,914,790
- Grants paid
- $0
- Program service revenue
- $193,081
- Investment income
- $11,366
- Other revenue
- $0
- Total assets, end of year
- $15,279,591
- Total liabilities, end of year
- $33,643,849
- Net assets or fund balances, end of year
- -$18,364,258
- Program services expenses (Part IX)
- $15,529,634
- Management and general expenses
- $472,567
- Fundraising expenses
- $95,020
- Program service expenses (Part III)
- $15,529,634
Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$15,814,790
-
1f · All other contributions, gifts and grants
$100,000
-
2a · Program service revenue: School Programs
total $193,081 · related or exempt $193,081
-
3 · Investment income
total $11,366 · related or exempt $11,366
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $136,405 · program services $102,304 · management and general $27,281 · fundraising $6,820
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,174,352 · program services $6,174,352
-
8 · Pension plan contributions
total $2,488,526 · program services $2,480,812 · management and general $6,171 · fundraising $1,543
-
9 · Other employee benefits
total $952,177 · program services $948,717 · management and general $2,768 · fundraising $692
-
10 · Payroll taxes
total $554,748 · program services $551,756 · management and general $2,394 · fundraising $598
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $27,040 · program services $27,040
-
11c · Fees: accounting
total $92,484 · management and general $92,484
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,046,603 · program services $2,046,603
-
12 · Advertising and promotion
total $2,703 · program services $2,703
-
13 · Office expenses
total $75,312 · program services $75,312
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,707,345 · program services $1,280,509 · management and general $341,469 · fundraising $85,367
-
17 · Travel
total $6,525 · program services $6,525
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $3,976 · program services $3,976
-
23 · Insurance
total $0
-
24a · Other expenses: Student Transportation
total $1,184,621 · program services $1,184,621
-
24b · Other expenses: Supplies & Materials
total $459,228 · program services $459,228
-
24c · Other expenses: Student Body Activity
total $160,824 · program services $160,824
-
24d · Other expenses: Assoc Dues
total $9,695 · program services $9,695
-
24e · All other expenses
total $14,657 · program services $14,657
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,283,147 · end of year $2,677,830
-
2 · Savings and temporary cash investments
end of year $286,685
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $482,339 · end of year $811,575
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $134,030 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$390,237
-
10b · Land, buildings and equipment: accumulated depreciation
$390,237
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $2,955,709 · end of year $1,514,827
-
15 · Other assets
beginning of year $11,208,648 · end of year $9,988,674
-
17 · Accounts payable and accrued expenses
beginning of year $3,648,354 · end of year $3,572,019
-
19 · Deferred revenue
beginning of year $9,130,221 · end of year $6,971,142
-
25 · Other liabilities
beginning of year $22,671,572 · end of year $23,100,688
-
27 · Net assets without donor restrictions
beginning of year -$18,570,893 · end of year -$18,512,097
-
28 · Net assets with donor restrictions
beginning of year $184,619 · end of year $147,839
Mission and programs · 2022
Mission
Kuumba Academy Mission is to provide an innovative learning environment focused on the whole child. Kuumba Academy directors, staff and parents share a core belief that parents are the primary educators and are in partnership with Kuumba Academy
-
Kuumba Academy is a tuition-free public charter school whose mission is to educate kindergarten through eighth grade students with instructional services delivered with a creative integration between academics and the arts
Expenses $15,529,634
As filed on the 2022 return.
Listed in Part VII
-
Sally Maldonado
CEO
- Total calculated
- $130,066
- From this org
- $130,066
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ayanna Johnson
- Total calculated
- $109,255
- From this org
- $109,255
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Joan Coker
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Darren Moore
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
H Raye Jones Avery
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Brown
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bernard Fisher
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Leland Sylver
Director
- Total calculated
- $0
- Hours/week
- 2
-
Genelle Freeman
Director
- Total calculated
- $0
- Hours/week
- 2
-
Maureen Masters
Director
- Total calculated
- $0
- Hours/week
- 2
-
Danielle Craig
Director
- Total calculated
- $0
- Hours/week
- 2
-
Herbert Broadwater
President
- Total calculated
- $0
- Hours/week
- 2
-
Lem Miller
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349309594
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