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Nonprofiteer
← TENNESSEE CHARTER SCHOOL INCUBATOR INC

Form 990 for tax year 2023

Filed by TENNESSEE CHARTER SCHOOL INCUBATOR INC.

Totals

Total revenue
$1,075,128
Total expenses
$1,895,965
Contributions and grants received
$820,070
Grants paid
$0
Program service revenue
$254,096
Investment income
$962
Other revenue
$0
Total assets, end of year
$821,637
Total liabilities, end of year
$68,600
Net assets or fund balances, end of year
$753,037
Program services expenses (Part IX)
$1,764,813
Management and general expenses
$131,152
Fundraising expenses
$0
Program service expenses (Part III)
$1,764,813

Program services were 93.1% 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.

  • 1f · All other contributions, gifts and grants

    $820,070

  • 2a · Program service revenue: PROGRAM INCOME

    total $254,096 · related or exempt $254,096

  • 3 · Investment income

    total $962 · excluded $962

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $434,415 · program services $395,318 · management and general $39,097

  • 7 · Other salaries and wages

    total $626,273 · program services $569,909 · management and general $56,364

  • 8 · Pension plan contributions

    total $18,085 · program services $16,457 · management and general $1,628

  • 9 · Other employee benefits

    total $106,231 · program services $96,670 · management and general $9,561

  • 10 · Payroll taxes

    total $74,279 · program services $67,594 · management and general $6,685

  • 11b · Fees: legal

    total $8,990 · program services $8,181 · management and general $809

  • 11c · Fees: accounting

    total $29,406 · program services $26,759 · management and general $2,647

  • 11d · Fees: lobbying

    total $78,151 · program services $78,151

  • 11g · Fees: other

    total $58,236 · program services $58,236

  • 13 · Office expenses

    total $6,615 · program services $6,019 · management and general $596

  • 14 · Information technology

    total $29,033 · program services $26,420 · management and general $2,613

  • 16 · Occupancy

    total $42,148 · program services $38,355 · management and general $3,793

  • 17 · Travel

    total $66,485 · program services $60,501 · management and general $5,984

  • 19 · Conferences, conventions and meetings

    total $3,755 · program services $3,417 · management and general $338

  • 23 · Insurance

    total $4,992 · program services $4,544 · management and general $448

  • 24a · Other expenses: SECTOR SUPPORT SERVICES

    total $302,323 · program services $302,323

  • 24b · Other expenses: SUPPLIES

    total $6,548 · program services $5,959 · management and general $589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $60,731

  • 2 · Savings and temporary cash investments

    beginning of year $873,536 · end of year $200,143

  • 3 · Pledges and grants receivable

    beginning of year $700,000 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,614 · end of year $7,614

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

    $22,729

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

    $22,729

  • 15 · Other assets

    beginning of year $87,327 · end of year $53,149

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,442 · end of year $13,475

  • 25 · Other liabilities

    beginning of year $88,161 · end of year $55,125

  • 27 · Net assets without donor restrictions

    beginning of year $873,874 · end of year $253,037

  • 28 · Net assets with donor restrictions

    beginning of year $700,000 · end of year $500,000

Mission and programs · 2023

Mission

TO SUPPORT AND CULTIVATE HIGH-PERFORMING PUBLIC CHARTER SCHOOLS AND ADVOCATE FOR AUTONOMY, ACCOUNTABILITY, AND CHOICE IN PUBLIC EDUCATION IN TENNESSEE.

  • THE TENNESSEE CHARTER SCHOOL CENTER (TCSC) IS PLAYING A CRITICAL ROLE IN PROVIDING TECHNICAL SUPPORT TO NEW AND HIGH-QUALITY PUBLIC CHARTER SCHOOLS IN TENNESSEE AND ADVOCATING FOR POLICIES AT THE LOCAL AND STATE LEVEL IN AN EFFORT TO ENABLE PUBLIC CHARTER SCHOOLS TO GROW AND OPERATE SUCCESSFULLY. TCSC PROVIDED TECHNICAL ASSISTANCE AND COMPLIANCE SUPPORT TO CHARTER SCHOOLS ACROSS THE STATE. TCSC MONITORED NUMEROUS BILLS DURING THE LEGISLATIVE SESSION AND ADVOCATED FOR KEY POLICIES THAT HELPED SUPPORT THE PUBLIC CHARTER SCHOOL LANDSCAPE IN TENNESSEE.

    Expenses $233,161

  • SUPPORTING HIGH QUALITY SCHOOLS TCSC HOSTED MULTIPLE TRAININGS COVERING: ADVANCING EQUITY, CHARTER SCHOOL MANAGEMENT, CHARTER 101, SPECIAL EDUCATION, AND CHARTER FACILITY TRAINING. TCSC WAS ABLE TO ASSIST SCHOOLS WITH SOURCING CAPITAL FOR FACILITIES PROJECTS, WHICH DIRECTLY LOWERED THE COST OF BORROWING.

    Expenses $1,531,652 · Revenue $254,096

As filed on the 2023 return.

Listed in Part VII

  • MAYA BUGG

    PRESIDENT/CE

    Total calculated
    $256,523
    From this org
    $226,338
    From related orgs
    $0
    Other
    $30,185
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,338
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $9,005
    Nontaxable benefits
    $21,180
    Filer's total
    $256,523

  • ELIZABETH FIVEASH

    CHIEF POLICY

    Total calculated
    $185,106
    From this org
    $158,573
    From related orgs
    $0
    Other
    $26,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,573
    Bonus
    $5,000
    Other
    not reported
    Deferred
    $6,079
    Nontaxable benefits
    $20,454
    Filer's total
    $185,106

  • CAMERON QUICK

    CHIEF OPERAT

    Total calculated
    $177,892
    From this org
    $161,025
    From related orgs
    $0
    Other
    $16,867
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,025
    Bonus
    $5,000
    Other
    not reported
    Deferred
    $6,393
    Nontaxable benefits
    $10,474
    Filer's total
    $177,892

  • EMILY LILLEY

    VP EXTERNAL

    Total calculated
    $125,602
    From this org
    $107,762
    From related orgs
    $0
    Other
    $17,840
    Hours/week
    40

  • CHRIS BARBIC

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TOWNES DUNCAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • HOLLY COLEMAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DWAYNE TUCKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAYME SIMMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAGRA NEWMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LIN JOHNSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NESHANTE BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TIM WARE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERENCE PATTERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • YETTA LEWIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Compensation survey or study

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
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202443189349304309

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