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Nonprofiteer
← THEODORE R AND THELMA A GIBSON CHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by THEODORE R AND THELMA A GIBSON CHARTER SCHOOL INC.

Totals

Total revenue
$2,123,501
Total expenses
$2,055,467
Contributions and grants received
$2,032,281
Grants paid
$0
Program service revenue
$48,062
Investment income
$5,392
Other revenue
$37,766
Total assets, end of year
$4,028,879
Total liabilities, end of year
$3,484,562
Net assets or fund balances, end of year
$544,317
Program services expenses (Part IX)
$1,682,070
Management and general expenses
$373,397
Fundraising expenses
$0
Program service expenses (Part III)
$1,682,070

Program services were 81.8% 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)

    $1,913,831

  • 1f · All other contributions, gifts and grants

    $118,450

  • 2a · Program service revenue: PROGRAM SVC: COMMUNITY

    total $47,062 · related or exempt $47,062

  • 2b · Program service revenue: PROGRAM SVC: FOOD SER

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $5,392 · related or exempt $5,392

  • 11a · Other revenue: GAIN ON ROU RETIREMENT

    total $20,114 · related or exempt $20,114

  • 11b · Other revenue: E-RATE

    total $16,740 · related or exempt $16,740

  • 11c · Other revenue: OTHER INCOME

    total $912 · related or exempt $912

  • 11e · Other revenue, total

    $37,766

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $949,083 · program services $719,444 · management and general $229,639

  • 8 · Pension plan contributions

    total $16,813 · program services $9,195 · management and general $7,618

  • 9 · Other employee benefits

    total $168,459 · program services $132,968 · management and general $35,491

  • 11a · Fees: management

    total $63,450 · program services $42,300 · management and general $21,150

  • 11d · Fees: lobbying

    total $14,135 · management and general $14,135

  • 11g · Fees: other

    total $139,150 · program services $138,645 · management and general $505

  • 12 · Advertising and promotion

    total $1,142 · program services $1,142

  • 16 · Occupancy

    total $259,327 · program services $259,327

  • 22 · Depreciation, depletion and amortization

    total $42,338 · program services $41,812 · management and general $526

  • 23 · Insurance

    total $10,863 · program services $10,863

  • 24a · Other expenses: CATERING

    total $76,049 · program services $76,049

  • 24b · Other expenses: PUBLIC UTILITY SERVICES

    total $62,314 · program services $62,314

  • 24c · Other expenses: ADMINISTRATIVE OVERHEAD

    total $55,350 · management and general $55,350

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $53,205 · program services $53,205

  • 24e · All other expenses

    total $143,789 · program services $134,806 · management and general $8,983

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,833 · end of year $255,944

  • 2 · Savings and temporary cash investments

    beginning of year $55,700 · end of year $146,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $395 · end of year $0

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

    $677,322

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

    $301,244

  • 10c · Land, buildings and equipment, net

    beginning of year $126,408 · end of year $376,078

  • 15 · Other assets

    beginning of year $792,897 · end of year $3,250,857

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,294 · end of year $85,201

  • 25 · Other liabilities

    beginning of year $619,656 · end of year $3,399,361

  • 27 · Net assets without donor restrictions

    beginning of year $476,283 · end of year $544,317

Mission and programs · 2022

Mission

ESTABLISHED AS A CHARTER SCHOOL OF THE DISTRICT SCHOOL BOARD OF MIAMI-DADE COUNTY, FLORIDA. THEODORE R. AND THELMA A. GIBSON CHARTER SCHOOL, INC.'S MISSION IS TO PREPARE ITS STUDENTS ACADEMICALLY AND SOCIALLY FOR SUCCESS IN A GLOBAL COMMUNITY WITH EMPHASIS IN ACADEMIC PROFICIENCY. THE CORE PHILOSOPHY AND UNDERLYING PURPOSE OF THE GIBSON CHARTER SCHOOL IS REFLECTED IN THE FOLLOWING CONCEPTS: HIGH EXPECTATIONS FOR STUDENTS AND TEACHERS, CREATIVE ENDEAVORS AS AN INTEGRAL PART OF THE STUDENT GROWTH AND DEVELOPMENT, AND AN INCREASE IN SELF-ESTEEM THROUGH MECHANICS THAT ENSURE THE IMPROVEMENT OF THE STUDENT'S SELF-IMAGE AS LEARNERS. STUDENT AND TEACHER ACCOUNTABILITY AND OWNERSHIP OF THE IDEA THAT SUCCESS BREEDS SUCCESS. THESE CONCEPTS ARE EMBODIED IN THE SCHOOL PROGRAM AND SERVE AS A VEHICLE TO INCREASE LEARNING OPPORTUNITIES.

  • THE SCHOOL PROVIDES EDUCATION FOR CHILDREN FROM KINDERGARTEN THROUGH SIXTH GRADE. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, 140 STUDENTS WERE ENROLLED.

    Expenses $1,682,070 · Revenue $91,220

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

Listed in Part VII

  • Charles Gibson

    BOARD CHAIR, PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sondra Wallace

    DIRECTOR, VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alex Tamargo

    DIRECTOR, SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Yaneisy Abreau

    PRINCIPAL

    Total calculated
    $106,975
    From this org
    $106,975
    From related orgs
    $0
    Other
    $0
    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.

Provenance

Return type
form_990
Tax year
2022
Filed
22 January 2024
IRS schema version
2022v5.0
Source object
202400229349301470

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