BERKELEY CHARTER EDUCATION ASSOCIATION I

EIN: 811188857 501(c)(3) Education

GOOSE CREEK, SC

Total Revenue
$24,367,456
Total Expenses
$25,954,732
Total Assets
$31,187,857
Net Assets
$-2,644,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
SC
Principal Officer
STEWART WEINBERG PHD
Phone
8438065909
Tax Period
2024-07-01 to 2025-06-30

BERKELEY CHARTER EDUCATION ASSOCIATION I, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $24.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE WORLD-CLASS EDUCATIONAL SOLUTIONS WITH: AN UNWAVERING DEDICATION TO STUDENT SUCCESS AN UNYIELDING COMMITMENT TO ETHICAL AND SOUND BUSINESS PRACTICESPROVIDING A CHOICE FOR OUR STAKEHOLDERS THAT FOSTERS AND PROMOTES EDUCATIONAL EXCELLENCE.

Program Service Accomplishments

Program 1
Expenses: $18,640,645 Revenue: $1,128,012

THE ORGANIZATION OPERATES THREE TUITION-FREE PUBLIC CHARTER SCHOOLS IN SOUTH CAROLINA--MEVERS SCHOOL OF EXCELLENCE, BERKELEY PREPARATORY ACADEMY AND WILLIE JEFFRIES SCHOOL OF EXCELLENCE.MEVERS SCHOOL...

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THE ORGANIZATION OPERATES THREE TUITION-FREE PUBLIC CHARTER SCHOOLS IN SOUTH CAROLINA--MEVERS SCHOOL OF EXCELLENCE, BERKELEY PREPARATORY ACADEMY AND WILLIE JEFFRIES SCHOOL OF EXCELLENCE.MEVERS SCHOOL OF EXCELLENCE WAS ESTABLISHED IN AUGUST 2016. DURING THE 2024-25 SCHOOL YEAR IT SERVED APPROXIMATELY 765 STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN BERKELEY COUNTY, SOUTH CAROLINA.BERKELY PREPARATORY ACADEMY OPENED AUGUST 2021 AND DURING THE 2024-25 SCHOOL YEAR ENROLLED APPROXIMATELY 760 STUDENTS FROM KINDERGARTEN TO EIGHTH GRADE IN BERKELEY COUNTY, SOUTH CAROLINA. FOR WILLIE JEFFRIES SCHOOL OF EXCELLENCE, THE 2024-25 SCHOOL WAS ITS FIRST YEAR OPERATING AS A PUBLIC CHARTER SCHOOL. DURING THIS YEAR IT SERVED APPROXIMATELY 275 STUDENTS FROM KINDERGARTEN TO SIXTH GRADE IN ORANGEBURG COUNTY, SOUTH CAROLINA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,224,088
Program Service Revenue $1,128,012
Investment Income $15,356
Other Revenue $0
TOTAL REVENUE $24,367,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,871,510
Fundraising Expenses $0
Program Expenses $18,640,645
Other Expenses $15,083,222
TOTAL EXPENSES $25,954,732

Year-over-Year Comparison

2024 2023 Change
Revenue $24,367,456 $22,061,305 +0.1%
Expenses $25,954,732 $21,942,329 +0.2%
Net Income $-1,587,276 $118,976 -14.3%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
142
Volunteers
N/A

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEWART WEINBERG PHD PRESIDENT 2.00
Officer Director
$0 $0 $0
CHERYL HOLLIS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN WILLIAMS TREASURER 1.00
Officer Director
$0 $0 $0
BRANDI VANGORDOR SECRETARY 1.00
Officer Director
$0 $0 $0
ALICIA PATTON DIRECTOR 1.00
Director
$0 $0 $0
SIMPLICIA SMITH DIRECTOR 1.00
Director
$0 $0 $0
DR TAMARA JACKSON DIRECTOR 1.00
Director
$0 $0 $0
WAYNE MURPHY DIRECTOR 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 $24,367,456 $25,954,732 $31,187,857 $-1,587,276
2024 $22,061,305 $21,942,329 $32,713,746 $118,976
2023 $20,526,460 $20,680,010 $32,114,795 $-153,550
2022 $17,373,118 $17,501,243 $33,116,066 $-128,125
2021 $9,661,071 $10,111,194 $17,487,989 $-450,123
2020 $8,103,992 $9,211,027 $17,180,230 $-1,107,035
2019 $8,044,373 $8,048,140 $17,677,760 $-3,767
2018 $8,839,180 $6,481,140 $17,470,459 $2,358,040
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