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← THE SAVANNAH CLASSICAL ACADEMY A CHALLENGE FOUNDATION ACADEMY

Form 990 for tax year 2022

Filed by THE SAVANNAH CLASSICAL ACADEMY A CHALLENGE FOUNDATION ACADEMY.

Totals

Total revenue
$8,021,262
Total expenses
$7,342,744
Contributions and grants received
$8,008,754
Grants paid
$0
Program service revenue
$0
Investment income
$13,463
Other revenue
-$955
Total assets, end of year
$8,248,821
Total liabilities, end of year
$4,260,404
Net assets or fund balances, end of year
$3,988,417
Program services expenses (Part IX)
$6,825,350
Management and general expenses
$517,394
Fundraising expenses
$0
Program service expenses (Part III)
$6,825,350

Program services were 93.0% 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)

    $7,971,543

  • 1f · All other contributions, gifts and grants

    $37,211

  • 1g · Noncash contributions included above

    $9,438

  • 3 · Investment income

    total $13,463 · related or exempt $13,463

  • 8a · Fundraising events: gross income

    $1,975

  • 8b · Fundraising events: direct expenses

    $2,930

  • 8c · Net income from fundraising events

    total -$955

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,607,043 · program services $3,524,869 · management and general $82,174

  • 9 · Other employee benefits

    total $1,085,801 · program services $1,085,801

  • 10 · Payroll taxes

    total $217,088 · program services $217,088

  • 11b · Fees: legal

    total $98,217 · management and general $98,217

  • 11c · Fees: accounting

    total $14,300 · management and general $14,300

  • 11g · Fees: other

    total $15,588 · management and general $15,588

  • 12 · Advertising and promotion

    total $89,257 · program services $89,257

  • 13 · Office expenses

    total $75,021 · program services $37,510 · management and general $37,511

  • 14 · Information technology

    total $15,602 · program services $12,482 · management and general $3,120

  • 16 · Occupancy

    total $504,000 · program services $403,200 · management and general $100,800

  • 17 · Travel

    total $3,947 · program services $3,947

  • 22 · Depreciation, depletion and amortization

    total $130,684 · program services $104,547 · management and general $26,137

  • 23 · Insurance

    total $43,354 · management and general $43,354

  • 24a · Other expenses: CLASSROOM EXPENSES

    total $492,123 · program services $492,123

  • 24b · Other expenses: KITCHEN EXPENSES

    total $222,430 · program services $222,430

  • 24c · Other expenses: JANITORIAL

    total $198,733 · program services $198,733

  • 24d · Other expenses: UTILITIES

    total $136,451 · program services $109,161 · management and general $27,290

  • 24e · All other expenses

    total $393,105 · program services $324,202 · management and general $68,903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,312,322 · end of year $2,384,997

  • 2 · Savings and temporary cash investments

    end of year $1,507,685

  • 4 · Accounts receivable

    beginning of year $103,252 · end of year $388,415

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,042 · end of year $56,333

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

    $1,163,919

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

    $572,125

  • 10c · Land, buildings and equipment, net

    beginning of year $548,684 · end of year $591,794

  • 15 · Other assets

    end of year $3,319,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $667,411 · end of year $811,542

  • 19 · Deferred revenue

    beginning of year $13,990

  • 25 · Other liabilities

    end of year $3,448,862

  • 27 · Net assets without donor restrictions

    beginning of year $3,251,576 · end of year $3,917,711

  • 28 · Net assets with donor restrictions

    beginning of year $58,323 · end of year $70,706

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO OPERATE THE ACADEMY AS A PUBLIC CHARTER SCHOOL THAT EDUCATES CHILDREN BY PROVIDING AN ACADEMICALLY RIGOROUS CURRICULUM USING THE CLASSICAL AND CORE KNOWLEDGE SEQUENCE METHODS.

  • THE ACADEMY IS A PUBLIC CHARTER SCHOOL THAT EDUCATES CHILDREN BY PROVIDING AN ACADEMICALLY RIGOROUS CURRICULUM USING THE CLASSICAL EDUCATION MODEL.

    Expenses $6,825,350 · Revenue $7,971,543

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Barry Lollis

    CEO

    Total calculated
    $205,162
    From this org
    $169,066
    From related orgs
    $0
    Other
    $36,096
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,066
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,096
    Nontaxable benefits
    not reported
    Filer's total
    $205,162

  • Terri O'Neil

    BOARD MEMBER

    Total calculated
    $109,097
    From this org
    $0
    From related orgs
    $109,097
    Other
    $0
    Hours/week
    3

  • Jennifer Davenport

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Ryan Dew

    VICE CHAIR/S

    Total calculated
    $0
    Hours/week
    5

  • Scott McGhie

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Rick Roney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Paul Sidney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Lenorris Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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.

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
29 November 2023
IRS schema version
2022v5.0
Source object
202440229349301179

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