Crown Leadership Academy Inc

EIN: 272545771 501(c)(3) Education

Mount Pleasant, SC

Total Revenue
$3,743,953
Total Expenses
$2,227,059
Total Assets
$3,611,822
Net Assets
$2,905,274
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
Principal Officer
Lathan Carey
Phone
8439728119
Tax Period
2024-07-01 to 2025-06-30

Crown Leadership Academy Inc, founded in 2010, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 41% operating margin.

Mission

Crown is a setting where students are not merely taught but become catalysts in their own learning. Students demonstrate mastery in an approach that is authentic and meaningful throughout integrated courses, earning Crown the coveted STEAM (Science, Technology, Engineering, Art and Math) Certification from the South Carolina Independent School Association. Crowns unique schedule gives students lessons in time management and personal responsibility. Crown has received Advanced Accreditation through Cognia.

Program Service Accomplishments

Program 1
Expenses: $1,873,791 Revenue: $1,654,711

Crown began when a group of educators, parents, and business leaders came together with a shared dream: to create a learning environment that would challenge students to become critical thinkers, and...

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Crown began when a group of educators, parents, and business leaders came together with a shared dream: to create a learning environment that would challenge students to become critical thinkers, and leaders equipped to influence their communities and the world. We envisioned a culture that nurtured within students a genuine love for people, creative expression, and wisdom and integrity.That dream took shape when seven students and two teachers pioneered Crown Leadership Academy in a one-room schoolhouse tucked inside an office building on Coleman Boulevard in Mt. Pleasant, SC. As the academy grew, we spent two years at Holy Cross on Sullivan's Island before moving into one of our current campuses on Long Point Drive, in Mt. Pleasant.In 2019, Crown expanded its reach by opening our North Charleston campus at North Palm Community Church, extending our mission and welcoming a new group of students and families into the Crown community.Project Based LearningNurturing originality is inherent in every aspect of teaching and learning at Crown. Our teachers are passionate about presenting creative and individualized information to students. We encourage everyone at Crown to express creativity in their assignments. Students who think for themselves and have curious minds will exercise these gifts and fulfill their highest goals.Team multi-disciplinary projects require accessing all available resources, encouraging introspection and communication, and accepting personal and group responsibility. Teachers evaluate these projects not just on the content students learn, but the skills they hone to work in teams as adults. Conflict resolution is built as peers navigate how to work together. We realize that this is a difficult skill for many young people, but we feel it is crucial in our students' future success.We use SC State Educational Standards as the outline of what is covered in academic classes throughout every grade level. Class discussions and "driving questions" shape the direction that students run in order to learn academic material, while also growing in practical skills. Students show mastery of material through project evaluation, presentation, classroom participation and assignments. Traditional print textbooks rarely drive the learning at Crown; however, we do use the following textbooks in math and in language arts:Math Teaching Textbooks , McRuffy Math; CK12 Language Arts McRuffy.Executive Functioning SkillsWorkload ManagementWe aim for our students to be individuals who experience a balanced life that includes time with family and participation in sporting, artistic and community events that contribute to their growth. Our students manage their time at school wisely so that they rarely have homework. Each student has scheduled time daily to work on independent assignments with peers and teachers.ScheduleStudents attend academic classes Monday through Thursday, from 9:00am to 3:15pm. If a student completes his or her schoolwork by Thursday at 2:00, Friday attendance is not required. Each morning begins with Prayer, Worship, and our School Meeting where we discuss issues affecting our school, community and world. Generally, we take a one week break following each quarter. In addition, Crown allows distance-learning arrangements to accommodate family travels and other out-of-town experiences, when coordinated with teachers in advance.EnrichmentCrown students are encouraged to explore special interests outside the classroom. Fridays are wonderful opportunities for volunteering, hobbies, and extra-curricular lessons. High School students may earn credit by meeting with our Guidance Counselor prior to the experience for approval and then presenting upon completion. Our students have participated in sailing training, art lessons, internships, photography classes, business entrepreneurship, and travel. New Mount Pleasant Campus 2025-2026Crown Leadership Academy is finalizing preparations for the 2025-2026 school year in its new, customized and expanded campus at 546 Long Point Road in Mount Pleasant. This move marks a significant milestone in the school's fifteen-year history, reflecting its ongoing commitment to award-winning academic excellence, innovative learning environments, and the well-being of its students, staff, and broader community.North Charleston LocationOur North Charleston Campus began in 2019, conveniently located on Cross County Road at North Palm Community Church

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Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,072,665
Program Service Revenue $1,654,711
Investment Income $9,091
Other Revenue $7,486
TOTAL REVENUE $3,743,953

Expense Breakdown

Grants Paid $160,788
Salaries & Benefits $1,159,450
Fundraising Expenses $171,237
Program Expenses $1,873,791
Other Expenses $766,821
TOTAL EXPENSES $2,227,059

Year-over-Year Comparison

2024 2023 Change
Revenue $3,743,953 $3,290,137 +0.1%
Expenses $2,227,059 $2,183,216 +0.0%
Net Income $1,516,894 $1,106,921 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
5
Employees
35
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$186,101
Total Directors
7
$186,101
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lysa Tuten Chair 1.00
Officer Director
$0 $0 $0
Jared Dean Interim Treasurer 1.00
Officer Director
$0 $0 $0
Lathan Carey President 55.00
Officer Director
$91,550 $0 $91,550
Sara Carey Sec and Principal 55.00
Officer Director
$94,551 $0 $94,551
Sara Moseley Board Member 1.00
Director
$0 $0 $0
Alex Bonilla Board Member 1.00
Director
$0 $0 $0
Zenas Gawai Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,743,953 $2,227,059 $3,611,822 $1,516,894
2024 No data No data No data No data
2023 $1,896,956 $1,882,573 $73,964 $14,383
2022 $1,652,518 $1,633,145 $91,500 $19,373
2021 $1,627,944 $1,610,814 $105,045 $17,130
2020 $1,423,040 $1,447,999 $214,093 $-24,959
2019 $1,206,616 $1,209,425 $50,156 $-2,809
2018 $1,183,204 $1,229,963 $52,741 $-46,759
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