Civic Intelligence

Ethos Classical Charter School Inc

990 • Fiscal year 2021 • EIN 47-5273375

Jul 01, 2020 to Jun 30, 2021 • Filed on May 12, 2022

2295 Springdale Circle SWAtlanta, GA 30315

(470) 502-0046

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.09x

Higher debt load relative to assets than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.02x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

42nd percentile

8.4%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

78th percentile

$123,640

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

31st percentile

1.4%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

46%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$809,050

Up $10,925 (+1.4%) from 2020

Net Assets

Up

$736,198

Up $323,292 (+78%) from 2020

Liabilities

Down

$72,852

Down $312,367 (-81%) from 2020

Revenue

Up

$3,841,954

Up $1,202,061 (+46%) from 2020

Expenses

Up

$3,518,662

Up $1,107,175 (+46%) from 2020

Net Income

Up

$323,292

Up $94,886 (+42%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2019: $335,908Liabilities 2019: $151,408Net Assets 2019: $184,5002019Assets 2020: $798,125Liabilities 2020: $385,219Net Assets 2020: $412,9062020Assets 2021: $809,050Liabilities 2021: $72,852Net Assets 2021: $736,1982021Assets 2022: $6,818,129Liabilities 2022: $5,059,369Net Assets 2022: $1,758,7602022Assets 2023: $13,794,672Liabilities 2023: $12,457,894Net Assets 2023: $1,336,7782023Assets 2024: $23,372,924Liabilities 2024: $23,129,310Net Assets 2024: $243,6142024Assets 2025: $34,710,425Liabilities 2025: $34,587,189Net Assets 2025: $123,2362025

Highlighted filing

2021

Assets$809,050
Liabilities$72,852
Net Assets$736,198

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $463,428Expenses 2019: $278,973Net Income 2019: $184,4552019Revenue 2020: $2,639,893Expenses 2020: $2,411,487Net Income 2020: $228,4062020Revenue 2021: $3,841,954Expenses 2021: $3,518,662Net Income 2021: $323,2922021Revenue 2022: $6,085,678Expenses 2022: $5,066,321Net Income 2022: $1,019,3572022Revenue 2023: $6,753,323Expenses 2023: $6,995,807Net Income 2023: -$242,4842023Revenue 2024: $8,931,937Expenses 2024: $10,025,101Net Income 2024: -$1,093,1642024Revenue 2025: $12,584,542Expenses 2025: $12,704,920Net Income 2025: -$120,3782025

Highlighted filing

2021

Revenue$3,841,954
Expenses$3,518,662
Net Income$323,292
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$3,841,954
Mission and Program Overview

Mission

Ethos is a tuition free public charter school whose mission is to prepare its students for academic success through a robust literacy, math and arts curriculum within a culturally responsible environment.

To prepare its students for academic success through a robust literacy math and arts curriculum within a culturally responsible environment

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$412,906$736,198▲ $323,292
Prepaid Expenses and Deferred Charges$167,607$328,938▲ $161,331
Cash and Non-Interest-Bearing Accounts$495,580$318,970▼ $176,610
Land, Buildings, and Equipment, Net$134,938$161,142▲ $26,204
Total Assets$798,125$809,050▲ $10,925
Liabilities
Mortgage Notes Payable Secured by Investment Property$250,631--
Accounts Payable and Accrued Expenses$134,588$72,852▼ $61,736
Total Liabilities$385,219$72,852▼ $312,367
Net Assets / Fund Balance
Total Net Assets Fund Balance$412,906$736,198▲ $323,292
Total Liabilities and Net Assets / Fund Balance$798,125$809,050▲ $10,925

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$137,622$109,118$246,740
Buildings$23,520$3,458$26,978
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily R Castillo LeonHead of SchoolFT$103,847$19,793$123,640

Board Members and Trustees

NameTitle
Alia LamborghiniBoard Member
Chelsea Ulrich-tarnoffBoard Member
Eleina RainesBoard Member
Kevin GraneyBoard Member
Melissa MooreBoard Member
Paula MoodyBoard Member
Tony MitchellBoard Member
Jennifer VirostkoSecretary
Bernard HinesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,841,907
Program Service Revenue
$0
Investment Income
$47
Other Revenue
$0
All Other Contributions
$243,495
Change in Net Assets
$323,292

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,841,950
Revenue Not Reported on Financial Statements
$4
Other Revenue Adjustments
$4
Total Revenue per Audited Statements
$3,841,950
Total Revenue per Form 990
$3,841,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,822,575
Other Expenses$1,696,087
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,139,647$183,704-$1,323,351
Occupancy$587,902--$587,902
Fees for Services Other$184,724$194,732-$379,456
Pension Plan Contributions$219,952$44,036-$263,988
All Other Expenses-$186,889-$186,889
Information Technology$88,216$53,518-$141,734
Current Officers, Directors, Trustees, and Key Employees-$103,847-$103,847
Other Employee Benefits$101,892--$101,892
Depreciation Depletion-$73,785-$73,785
Office Expenses-$49,832-$49,832
Payroll Taxes$25,328$4,169-$29,497
Fees for Services Legal-$5,919-$5,919
Insurance$4,644$1,260-$5,904
Travel-$3,806-$3,806
Fees for Services Accounting-$1,900-$1,900
Other Expenses$998--$998
Total Functional Expenses$2,611,265$907,397$0$3,518,662

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,814,767
Expenses per Audited Statements$3,518,662
Total Expenses per Form 990$3,518,662
Expenses Not Reported on Form 990$296,105
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

Reviewed during board meetings.

Part VI Line 12C

Is approved by the board and posted on website and board on track.

Part VI Line 15A or B

Determined by board after review of whether school is meeting goals.

Part VI Line 18

Upon request and on website.

Part VI Line 19

Upon request and on website.

Filing and Contact Details

Filer

Filer Name
Ethos Classical Inc
EIN
47-5273375
In Care Of
% Emily R Castillo Leon
Phone
4705020046
Address
2295 Springdale Circle SW, Atlanta, GA 30315

Signing Officer

Name
Emily R Castillo Leon
Title
CEO
Phone
4705020046
Signed
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily R Castillo Leon
Formed
2015
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
28
Volunteers
140

Preparer

Preparer
Carl D Erwin Jr
Phone
7709123080
Supplemental Narrative

Additional Explanations

Part IX Line 11G

Special Ed Services Total expenses - $56048.00 Program service expenses - $56048.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Substitutes Total expenses - $92916.00 Program service expenses - $92916.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Nursing Services Total expenses - $1725.00 Program service expenses - $25.00 Mgmt and general expenses - $1700.00 Fundraising expenses - $0.00

Part IX Line 11G

Contracted Teachers Total expenses - $35735.00 Program service expenses - $35735.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00

Part IX Line 11G

Business Services Total expenses - $123092.00 Program service expenses - $0.00 Mgmt and general expenses - $123092.00 Fundraising expenses - $0.00

Part IX Line 11G

Technology Services Total expenses - $49849.00 Program service expenses - $0.00 Mgmt and general expenses - $49849.00 Fundraising expenses - $0.00

Part IX Line 11G

Consultants Total expenses - $20091.00 Program service expenses - $0.00 Mgmt and general expenses - $20091.00 Fundraising expenses - $0.00

Financial Statement Notes

P11, Ln 4B

Rounding

P12, Ln 2D

Effects of GASB 68 on pension expenditures.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0109118
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IRS990ScheduleD/OtherRevenuesNotIncludedAmt04
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IRS990ScheduleD/RevenueSubtotalAmt03841950
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Rounding
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Effects of GASB 68 on pension expenditures.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0P11, Ln 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1P12, Ln 2d
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IRS990ScheduleD/TotalExpensesPerForm990Amt03518662
IRS990ScheduleD/TotalRevenuePerForm990Amt03841954
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed during board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Is approved by the board and posted on website and board on track.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Determined by board after review of whether school is meeting goals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request and on website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request and on website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Special Ed Services Total expenses - $56048.00 Program service expenses - $56048.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Substitutes Total expenses - $92916.00 Program service expenses - $92916.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Nursing Services Total expenses - $1725.00 Program service expenses - $25.00 Mgmt and general expenses - $1700.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Contracted Teachers Total expenses - $35735.00 Program service expenses - $35735.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Business Services Total expenses - $123092.00 Program service expenses - $0.00 Mgmt and general expenses - $123092.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Technology Services Total expenses - $49849.00 Program service expenses - $0.00 Mgmt and general expenses - $49849.00 Fundraising expenses - $0.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Consultants Total expenses - $20091.00 Program service expenses - $0.00 Mgmt and general expenses - $20091.00 Fundraising expenses - $0.00
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part IX Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part IX Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part IX Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Part IX Line 11g
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IRS990/TotalVolunteersCnt0140
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IRS990/TravelGrp/TotalAmt03806
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02295 Springdale Circle SW
IRS990/USAddress/CityNm0Atlanta
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030315
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0ethosclassical.org
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY R CASTILLO LEON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO

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