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Nonprofiteer
← DR HOWARD FULLER COLLEGIATE ACADEMY INC

Form 990 for tax year 2022

Filed by DR HOWARD FULLER COLLEGIATE ACADEMY INC.

Totals

Total revenue
$6,769,859
Total expenses
$6,257,154
Contributions and grants received
$6,730,870
Grants paid
$115
Program service revenue
$22,105
Investment income
$13,894
Other revenue
$2,990
Total assets, end of year
$45,867,091
Total liabilities, end of year
$33,266,870
Net assets or fund balances, end of year
$12,600,221
Program services expenses (Part IX)
$4,766,905
Management and general expenses
$1,412,706
Fundraising expenses
$77,543
Program service expenses (Part III)
$4,766,905

Program services were 76.2% 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)

    $4,786,133

  • 1f · All other contributions, gifts and grants

    $1,944,737

  • 2a · Program service revenue: SENIOR FEES

    total $10,648 · related or exempt $10,648

  • 2b · Program service revenue: UNIFORM INCOME

    total $7,133 · related or exempt $7,133

  • 2c · Program service revenue: STUDENT FEES

    total $2,610 · related or exempt $2,610

  • 2d · Program service revenue: ATHLETIC PROGRAM INCOM

    total $1,714 · related or exempt $1,714

  • 3 · Investment income

    total $13,894 · excluded $13,894

  • 11a · Other revenue: MISCELLANEOUS

    total $2,990 · excluded $2,990

  • 11e · Other revenue, total

    $2,990

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $115 · program services $115

  • 5 · Compensation of officers, directors and key employees

    total $394,363 · program services $323,379 · management and general $59,154 · fundraising $11,830

  • 7 · Other salaries and wages

    total $2,536,839 · program services $2,106,542 · management and general $380,526 · fundraising $49,771

  • 9 · Other employee benefits

    total $562,034 · program services $466,499 · management and general $84,305 · fundraising $11,230

  • 10 · Payroll taxes

    total $221,664 · program services $183,793 · management and general $33,250 · fundraising $4,621

  • 11b · Fees: legal

    total $8,000 · program services $8,000

  • 11c · Fees: accounting

    total $321,743 · management and general $321,743

  • 11g · Fees: other

    total $602,984 · program services $299,021 · management and general $303,963

  • 12 · Advertising and promotion

    total $60,093 · program services $51,079 · management and general $9,014

  • 13 · Office expenses

    total $141,575 · program services $116,396 · management and general $25,088 · fundraising $91

  • 14 · Information technology

    total $171,974 · program services $146,178 · management and general $25,796

  • 16 · Occupancy

    total $238,300 · program services $202,555 · management and general $35,745

  • 17 · Travel

    total $281,757 · program services $281,757

  • 20 · Interest

    total $87,930 · management and general $87,930

  • 22 · Depreciation, depletion and amortization

    total $79,827 · program services $58,944 · management and general $20,883

  • 23 · Insurance

    total $35,146 · program services $29,874 · management and general $5,272

  • 24a · Other expenses: CLASSROOM EXPENSES

    total $104,704 · program services $104,704

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $81,663 · program services $69,414 · management and general $12,249

  • 24c · Other expenses: LUNCH EXPENSE

    total $77,861 · program services $77,861

  • 24d · Other expenses: STUDENT ACTIVITIES

    total $77,038 · program services $77,038

  • 24e · All other expenses

    total $171,544 · program services $163,756 · management and general $7,788

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,163,258 · end of year $33,493,205

  • 2 · Savings and temporary cash investments

    beginning of year $66,657 · end of year $74,154

  • 3 · Pledges and grants receivable

    beginning of year $2,470,030 · end of year $1,768,566

  • 4 · Accounts receivable

    beginning of year $2,216 · end of year $795

  • 8 · Inventories for sale or use

    beginning of year $2,608 · end of year $2,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,702 · end of year $118,191

  • 10a · Land, buildings and equipment: cost or other basis

    $4,828,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $835,488

  • 10c · Land, buildings and equipment, net

    beginning of year $26,744 · end of year $3,992,820

  • 12 · Investments: other securities

    beginning of year $969,466

  • 15 · Other assets

    beginning of year $452,000 · end of year $6,416,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,032 · end of year $97,069

  • 24 · Unsecured notes and loans payable

    end of year $33,113,524

  • 25 · Other liabilities

    beginning of year $30,133 · end of year $56,277

  • 27 · Net assets without donor restrictions

    beginning of year $1,904,220 · end of year $11,007,594

  • 28 · Net assets with donor restrictions

    beginning of year $6,193,296 · end of year $1,592,627

Mission and programs · 2022

Mission

THE MISSION OF THE SCHOOL IS TO NURTURE SCHOLARS CAPABLE OF TRANSFORMING THEIR WORLD, BY SENDING THEM TO AND THROUGH COLLEGE.

  • PUPIL/STUDENT SERVICES: 100% COLLEGE ACCEPTANCE RATE (10TH YEAR IN A ROW!).

    Expenses $4,337,884 · Grants $115 · Revenue $22,105

  • NUTRITION: SUCCESSFULLY PASSED OUR EVERY THREE YEAR ANNUAL REVIEW

    Expenses $95,338

  • SPECIAL EDUCATION: 100% OF STUDENTS THAT RECEIVE SPECIAL EDUCATION SERVICES MET ONE OR MORE OF THEIR INDIVIDUALIZED LEARNING GOALS.

    Expenses $333,683

As filed on the 2022 return.

Listed in Part VII

  • Aisha Carr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amos Malone Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Schultz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Derek Tyus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Devona Wright-Cottrell

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Archie Ivy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Howard Fuller

    LIFETIME MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joe Tate

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lauren Feaster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark A Ellison Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Cox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle Nettles

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rashida Evans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Richaad Reed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Solomon M Tesfai

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dorothy Hunt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Janavitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenny Somerville

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Judith Parker

    EXECUTIVE DIRECTOR

    Total calculated
    $143,084
    From this org
    $119,690
    From related orgs
    $0
    Other
    $23,394
    Hours/week
    40

  • Marcus Robinson

    CEO

    Total calculated
    $89,133
    From this org
    $80,769
    From related orgs
    $0
    Other
    $8,364
    Hours/week
    40

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202401299349304300

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