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Nonprofiteer
← DR HOWARD FULLER COLLEGIATE ACADEMY INC

Form 990 for tax year 2023

Filed by DR HOWARD FULLER COLLEGIATE ACADEMY INC.

Totals

Total revenue
$5,556,198
Total expenses
$6,993,500
Contributions and grants received
$5,500,847
Grants paid
$28,739
Program service revenue
$26,084
Investment income
$25,999
Other revenue
$3,268
Total assets, end of year
$54,041,653
Total liabilities, end of year
$42,878,734
Net assets or fund balances, end of year
$11,162,919
Program services expenses (Part IX)
$5,131,364
Management and general expenses
$1,697,600
Fundraising expenses
$164,536
Program service expenses (Part III)
$5,131,364

Program services were 73.4% 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)

    $4,416,344

  • 1f · All other contributions, gifts and grants

    $1,084,503

  • 2a · Program service revenue: SENIOR FEES

    total $12,230 · related or exempt $12,230

  • 2b · Program service revenue: UNIFORM INCOME

    total $7,117 · related or exempt $7,117

  • 2c · Program service revenue: STUDENT FEES

    total $4,435 · related or exempt $4,435

  • 2d · Program service revenue: ATHLETIC PROGRAM INCOM

    total $2,302 · related or exempt $2,302

  • 3 · Investment income

    total $25,999 · excluded $25,999

  • 11a · Other revenue: MISCELLANEOUS

    total $3,268 · related or exempt $3,268

  • 11e · Other revenue, total

    $3,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $28,739 · program services $28,739

  • 5 · Compensation of officers, directors and key employees

    total $385,224 · program services $323,886 · management and general $57,784 · fundraising $3,554

  • 7 · Other salaries and wages

    total $2,391,163 · program services $2,010,427 · management and general $358,674 · fundraising $22,062

  • 9 · Other employee benefits

    total $682,520 · program services $573,845 · management and general $102,378 · fundraising $6,297

  • 10 · Payroll taxes

    total $231,572 · program services $194,699 · management and general $34,736 · fundraising $2,137

  • 11b · Fees: legal

    total $140,841 · management and general $140,841

  • 11c · Fees: accounting

    total $87,771 · management and general $87,771

  • 11g · Fees: other

    total $1,237,154 · program services $829,005 · management and general $278,186 · fundraising $129,963

  • 12 · Advertising and promotion

    total $24,514 · program services $20,837 · management and general $3,677

  • 13 · Office expenses

    total $123,922 · program services $96,788 · management and general $26,611 · fundraising $523

  • 14 · Information technology

    total $148,128 · program services $125,909 · management and general $22,219

  • 16 · Occupancy

    total $136,612 · program services $116,120 · management and general $20,492

  • 17 · Travel

    total $99,074 · program services $99,074

  • 20 · Interest

    total $448,783 · management and general $448,783

  • 22 · Depreciation, depletion and amortization

    total $153,643 · program services $77,140 · management and general $76,503

  • 23 · Insurance

    total $80,650 · program services $68,552 · management and general $12,098

  • 24a · Other expenses: CLASSROOM EXPENSES

    total $258,327 · program services $258,327

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $71,103 · program services $60,438 · management and general $10,665

  • 24c · Other expenses: LUNCH EXPENSE

    total $70,260 · program services $70,260

  • 24d · Other expenses: COLLEGE TOURS

    total $63,377 · program services $63,377

  • 24e · All other expenses

    total $130,123 · program services $113,941 · management and general $16,182

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,493,205 · end of year $19,897,478

  • 2 · Savings and temporary cash investments

    beginning of year $74,154 · end of year $73,879

  • 3 · Pledges and grants receivable

    beginning of year $1,768,566 · end of year $1,210,377

  • 4 · Accounts receivable

    beginning 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 $118,191 · end of year $38,853

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

    $4,828,308

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

    $906,125

  • 10c · Land, buildings and equipment, net

    beginning of year $3,992,820 · end of year $3,922,183

  • 15 · Other assets

    beginning of year $6,416,752 · end of year $28,896,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,069 · end of year $9,654,833

  • 24 · Unsecured notes and loans payable

    beginning of year $33,113,524 · end of year $33,176,415

  • 25 · Other liabilities

    beginning of year $56,277 · end of year $47,486

  • 27 · Net assets without donor restrictions

    beginning of year $11,007,594 · end of year $10,673,423

  • 28 · Net assets with donor restrictions

    beginning of year $1,592,627 · end of year $489,496

Mission and programs · 2023

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 (11TH YEAR IN A ROW!).

    Expenses $4,669,542 · Grants $28,739 · Revenue $29,352

  • NUTRITION: SUCCESSFULLY PASSED OUR EVERY THREE YEAR ANNUAL REVIEW

    Expenses $102,627

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

    Expenses $359,195

As filed on the 2023 return.

Listed in Part VII

  • 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 HOWARD FULLER

    LIFETIME 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

  • 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

  • KENNY SOMERVILLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOMAS CLASEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDITH PARKER

    PRINCIPAL

    Total calculated
    $60,769
    From this org
    $60,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARCUS ROBINSON

    CEO

    Total calculated
    $232,412
    From this org
    $200,000
    From related orgs
    $0
    Other
    $32,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $32,412
    Filer's total
    $232,412

  • JON OSMAN

    CFO

    Total calculated
    $153,951
    From this org
    $153,754
    From related orgs
    $0
    Other
    $197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,754
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $197
    Filer's total
    $153,951

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

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
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202521299349303902

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