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Georgia Magnetcharter Schools Foundations Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721552418 ✦ Hapeville, GA ✦ Designated as a 501(c)(3)

Overview

What is Georgia Magnetcharter Schools Foundations Corp?

The Georgia Magnetcharter Schools Foundations Corp is a nonprofit organization based in Hapeville, Georgia. Its primary mission is to oversee Hapeville Charter Schools, which encompasses Hapeville Charter Middle School and Hapeville Charter Career Academy. This public charter school serves students in grades 6 through 12 residing within the Fulton County School System attendance zone. During the 2021-2022 school year, over 1,000 students attended, achieving a graduation rate of 95%. The organization's total revenues amounted to $13,867,709, which included funds from the PPP loan forgiveness, federal free/reduced reimbursements, and federal Title I grants. In the same year, total expenses were recorded at $11,932,280.


Official website here: www.hapevillems.org/hapevillecharter.org

Is Georgia Magnetcharter Schools Foundations Corp legitimate?

Georgia Magnetcharter Schools Foundations Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Magnetcharter Schools Foundations Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,414,936

For more financial information, click here


Official website here: www.hapevillems.org/hapevillecharter.org

What is the mission statement of Georgia Magnetcharter Schools Foundations Corp?

The Georgia Magnetcharter Schools Foundations Corp was established to oversee the governance of Hapeville Charter School and Career Academy, a public charter school catering to students in grades 6 through 12 within the Fulton County School System attendance zone. The organization's primary goal is to enhance student achievement for the students attending Hapeville Charter Schools, which includes Hapeville Charter Middle School and Hapeville Charter Career Academy. In the 2021-2022 academic year, over 1,000 students were enrolled, achieving a graduation rate of 95%. The reported total revenues for the year amounted to $13,867,709, which included funds from PPP loan forgiveness, federal free/reduced reimbursements, and Title I grants. The total expenses for the same period were $11,932,280.


Official website here: www.hapevillems.org/hapevillecharter.org

Who is the CEO of Georgia Magnetcharter Schools Foundations Corp?

Terry Martin is the Ceo of Georgia Magnetcharter Schools Foundations Corp. The CEO's salary of Georgia Magnetcharter Schools Foundations Corp is $0 and their total compensation is $0.


Official website here: www.hapevillems.org/hapevillecharter.org

What is the revenue of Georgia Magnetcharter Schools Foundations Corp?

Georgia Magnetcharter Schools Foundations Corp's revenue in 2022 was $13,817,107.


Official website here: www.hapevillems.org/hapevillecharter.org

Who are the executives of Georgia Magnetcharter Schools Foundations Corp and what are their salaries?

Here are 6 key members and their salaries (Georgia Magnetcharter Schools Foundations Corp's CEO's salary is $0 and their total compensation is $0):

    Mike Ramos (Executive Director)
  • Compensation: $149,100
  • Related: $0
  • Other: $0

    • Richard Fowler (Principal (Hcca))
  • Compensation: $118,300
  • Related: $0
  • Other: $0

    • Audrey Greer (Principal (Hcms))
  • Compensation: $64,980
  • Related: $0
  • Other: $0

    • Corliss Davenport (Ceo) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Martin (Cfo) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • H Lew Valero (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hapevillems.org/hapevillecharter.org

    Where can I find the form 990 for Georgia Magnetcharter Schools Foundations Corp?

    The Georgia Magnetcharter Schools Foundations Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hapevillems.org/hapevillecharter.org

    Learn more at the official website: www.hapevillems.org/hapevillecharter.org

    Mission Statement of Georgia Magnetcharter Schools Foundations Corp

    The Georgia Magnetcharter Schools Foundation Corp is a nonprofit organization dedicated to governing Hapeville Charter School and Career Academy, a Fulton County School System public charter school catering to students in grades 6 through 12 who reside within the Fulton County School System attendance zone. The Foundation's primary mission is to enhance the educational experience for the students attending Hapeville Charter Schools, which includes Hapeville Charter Middle School and Hapeville Charter Career Academy.

    During the 2021-2022 academic year, over 1,000 students were enrolled in the schools, and the graduation rate was an impressive 95%. The Foundation's services contribute significantly to student achievement. Its total revenues for the year amounted to $13,867,709, with a portion of these funds coming from the PPP loan forgiveness, federal free/reduced reimbursements, and federal Title I grants. The Foundation's total expenses for the same period were $11,932,280.

    By providing instruction to students in middle and high school grades, the Georgia Magnetcharter Schools Foundation Corp is dedicated to fostering academic growth and ensuring the success of its students. Its efforts are geared towards creating an educational environment that empowers students to reach their full potential.

    Impact

    This information is meant to be a general summary of Georgia Magnetcharter Schools Foundations Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Georgia Magnetcharter Schools Foundations Corp, through governing Hapeville Charter School and Career Academy, has had a significant impact on student achievement in the Fulton County School System. With over 1,000 students enrolled in grades 6 through 12 during the 2021-2022 school year, the organization reported an impressive graduation rate of 95%. By focusing on increasing student achievement, the foundation is playing a crucial role in providing quality education to students within the Fulton County School System attendance zone. This dedication to education is exemplified by their mission to govern and support the charter school, ultimately contributing to the academic success of students in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $-49,463
  • Program Service Revenue: $0
  • Gross Receipts: $13,867,707

    • Assets and Liabilities:
  • Total Assets: $21,623,935
  • Total Liabilities: $25,293,569
  • Net Assets: -$3,669,634
  • Organization Details

    Founding Year

    2003

    Principal Officer

    Terry Martin

    Main Address

    PO BOX 82548, HAPEVILLE, GA, 30354

    NTEE Category

    Code: B29 - Education

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