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← SANKOFA FREEDOM ACADEMY CHARTER SCHOOL

Form 990 for tax year 2022

Filed by SANKOFA FREEDOM ACADEMY CHARTER SCHOOL.

Totals

Total revenue
$13,025,376
Total expenses
$12,767,267
Contributions and grants received
$12,410,648
Grants paid
$0
Program service revenue
$317,277
Investment income
$500
Other revenue
$296,951
Total assets, end of year
$12,100,435
Total liabilities, end of year
$5,379,777
Net assets or fund balances, end of year
$6,720,658
Program services expenses (Part IX)
$11,063,788
Management and general expenses
$1,703,479
Fundraising expenses
$0
Program service expenses (Part III)
$11,063,788

Program services were 86.7% 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)

    $12,410,648

  • 2a · Program service revenue: STUDENT SERVICES

    total $317,277 · related or exempt $317,277

  • 3 · Investment income

    total $500 · related or exempt $500

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $121,951

  • 6c · Rental income or loss

    real property $0 · personal property $121,951

  • 6d · Net rental income or loss

    total $121,951 · related or exempt $121,951

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MANAGEMENT FEES

    total $175,000 · related or exempt $175,000

  • 11e · Other revenue, total

    $175,000

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 $518,809 · program services $440,988 · management and general $77,821 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $6,560,985 · program services $5,578,020 · management and general $982,965 · fundraising $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $845,135 · program services $718,365 · management and general $126,770 · fundraising $0

  • 10 · Payroll taxes

    total $525,811 · program services $446,939 · management and general $78,872 · fundraising $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $22,421 · program services $22,421 · fundraising $0

  • 11c · Fees: accounting

    total $203,644 · program services $203,644 · fundraising $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $55,633 · program services $55,633 · fundraising $0

  • 13 · Office expenses

    total $41,079 · program services $41,079 · fundraising $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $896,765 · program services $762,250 · management and general $134,515 · fundraising $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $142,537 · program services $142,537 · fundraising $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $538,723 · program services $538,723 · fundraising $0

  • 23 · Insurance

    total $119,659 · program services $119,659 · fundraising $0

  • 24a · Other expenses: INSTRUCTIONAL EXPENSE

    total $1,466,172 · program services $1,246,246 · management and general $219,926 · fundraising $0

  • 24b · Other expenses: COMMUNITY SERVICES

    total $9,584 · program services $9,584 · fundraising $0

  • 24c · Other expenses: STUDENT ACTIVITIES

    total $201,035 · program services $201,035 · fundraising $0

  • 24d · Other expenses: PRINTING & PRODUCTION

    total $68,542 · program services $68,542 · fundraising $0

  • 24e · All other expenses

    total $550,733 · program services $468,123 · management and general $82,610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,755,437 · end of year $4,694,336

  • 2 · Savings and temporary cash investments

    beginning of year $228,894 · end of year $228,894

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,123,868 · end of year $625,906

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,375 · end of year $40,615

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

    $9,011,697

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

    $2,549,326

  • 10c · Land, buildings and equipment, net

    beginning of year $6,727,675 · end of year $6,462,371

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $64,417 · end of year $48,313

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,754,496 · end of year $2,016,802

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,400,963 · end of year $3,314,662

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $64,417 · end of year $48,313

  • 29 · Capital stock, trust principal or current funds

    beginning of year $3,484,078 · end of year $3,572,949

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $3,326,712 · end of year $3,147,709

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

SANKOFA FREEDOM ACADEMY IS A COLLEGE PREPARATORY COMMUNITY BASED K-12 FREEDOM SCHOOL THAT EMPOWERS ITS STUDENTS TO TAKE THEIR RIGHTFUL PLACES IN THE WORLD AS EDUCATORS, LEADERS AND AGENTS OF CHANGE

Activities or mission (Part I)

SANKOFA FREEDOM ACADEMY IS A COLLEGE PREPARATORY COMMUNITY BASED K-12 FREEDOM SCHOOL THAT EMPOWERS ITS STUDENTS TO TAKE THEIR RIGHTFUL PLACES IN THE WORLD.

  • THE SCHOOL SERVES CHILDREN IN GRADES KINDERGARTEN THROUGH 12.

    Expenses $11,063,788

As filed on the 2022 return.

Listed in Part VII

  • Ayesha Imani PhD

    CEO

    Total calculated
    $213,457
    From this org
    $144,269
    From related orgs
    $0
    Other
    $69,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,269
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $69,188
    Filer's total
    $213,457

  • Isa Clark

    COO

    Total calculated
    $199,031
    From this org
    $134,640
    From related orgs
    $0
    Other
    $64,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,640
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $64,391
    Filer's total
    $199,031

  • Tameka Thomas

    UPPER SCHOOL COORD/PRINCIPAL

    Total calculated
    $185,033
    From this org
    $117,500
    From related orgs
    $0
    Other
    $67,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $67,533
    Filer's total
    $185,033

  • Marika Meekins

    PRINCIPAL

    Total calculated
    $148,279
    From this org
    $122,400
    From related orgs
    $0
    Other
    $25,879
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $25,879
    Filer's total
    $148,279

  • Steven Blackburn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Walter Prescott

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Toni Winston

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Angelic Lowe

    PARENT MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Geraldine Newton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Frank Burton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Khaleef Alexander

    MEMBER

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349318637

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