Cirrus Education Group Inc Cirrus Academy Charter School

EIN: 472810649 501(c)(3) Education

Macon, GA

Total Revenue
$8,188,721
Total Expenses
$10,615,425
Total Assets
$15,435,638
Net Assets
$-1,711,405
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
GA
Principal Officer
Arleen Samuels
Phone
4782501376
Tax Period
2023-07-01 to 2024-06-30

Cirrus Education Group Inc Cirrus Academy Charter School, founded in 2014, is a community nonprofit in the Education sector that reported $8.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $10.6M exceeded revenue, resulting in a 30% operating deficit.

Mission

Operates a Charter School that ensures every student has access to the tools he or she needs to exceed World-Class standards and to compete for college admissions and jobs in an increasingly globalized economy.

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Trantor Score

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 (2023)

Revenue Breakdown

Contributions & Grants $4,280,922
Program Service Revenue $3,899,497
Investment Income $602
Other Revenue $7,700
TOTAL REVENUE $8,188,721

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $9,169,900
Other Expenses $10,615,425
TOTAL EXPENSES $10,615,425

Year-over-Year Comparison

2023 2022 Change
Revenue $8,188,721 $9,376,248 -0.1%
Expenses $10,615,425 $8,620,876 +0.2%
Net Income $-2,426,704 $755,372 -4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
90
Volunteers
1

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
5
$0
Total Directors
2
$0
Key Employees
1
$263,533
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhonda Finley Board Member 2.00
Director
$0 $0 $0
Lisa Golphin Board Member 2.00
Director
$0 $0 $0
Nathan Lewis Finance Chair 2.00
Officer
$0 $0 $0
Arleen Samuels CFO 2.00
Officer
$0 $0 $0
Shirlynn Kelly President 2.00
Officer
$0 $0 $0
Tosin Olagunju Academic Chair 2.00
Officer
$0 $0 $0
Charlene LaTrell Taylor Vice President 2.00
Officer
$0 $0 $0
Gail Fowler Dr Principal 40.00
Key Emp
$263,533 $0 $263,533
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 No data No data No data No data
2024 $8,188,721 $10,615,425 $15,435,638 $-2,426,704
2023 $9,376,248 $8,620,876 $18,179,144 $755,372
2022 $8,813,787 $8,108,042 $14,924,435 $705,745
2021 $7,247,276 $7,349,517 $13,757,186 $-102,241
2020 $6,133,325 $6,099,062 $3,101,392 $34,263
2019 $5,068,889 $5,380,533 $2,488,223 $-311,644
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