2024-01-16T12:43:33-06:00 2023-06-30 621657946 CANNON WRIGHT BLOUNT PLLC 756 RIDGE LAKE BLVD SUITE 100 MEMPHIS TN 38120 990 2022-07-01 262794676 GESTALT COMMUNITY SCHOOLS GEST 9012135161 2650 THOUSAND OAKS BLVD 2370 MEMPHIS TN 38118 YETTA LEWIS CHIEF EXECUTIVE OFFICER 9013336874 2024-01-16 1 YETTA LEWIS 999009999 1 DONNA S WHITTINGTON CPA P01693622 9016857500 2024-01-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z YETTA LEWIS 2650 THOUSAND OAKS BLVD 2370 MEMPHIS TN 38118 38749160 0 X WWW.GESTALTCS.ORG X 2008 TN TO EMPOWER SCHOLARS TO BE COLLEGE-READY, CAREER-READY, AND COMMUNITY-READY. 11 10 447 7 0 0 10410906 12126954 22569696 25195165 159578 212771 -68129 545816 33072051 38080706 0 0 0 0 16611975 20273920 0 0 0 14131127 16840633 30743102 37114553 2328949 966153 56229305 50438772 31807856 25051170 24421449 25387602 GESTALT COMMUNITY SCHOOLS IS A CHARTER MANAGEMENT ORGANIZATION THAT SERVES K-12 SCHOLARS. GESTALT COMMUNITY SCHOOLS LEVERAGES COMMUNITY ASSETS TO EMPOWER CITIZENS WHO WILL BE COLLEGE-READY, CAREER-READY, AND COMMUNITY-READY. 0 0 26861720 25195165 THE OPERATION OF FIVE CHARTER SCHOOLS THROUGH SHELBY COUNTY TENNESSEE SCHOOLS AND TWO CHARTER SCHOOLS THROUGH ACHIEVEMENT SCHOOL DISTRICT, SERVING SCHOLARS IN GRADES K-12, FROM DIVERSE AREAS OF THE CITY. CORE AND ADVANCED CURRICULUM COURSEWORK ARE OFFERED AS WELL AS SUPPLEMENTAL PROGRAMS WHICH INCLUDE ROBOTICS, BALLET, AND SPORTS. 26861720 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 447 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X NORRIESE JACKSON 9013052000 2650 THOUSAND OAKS BLVD STE 1400 MEMPHIS TN 38118 YETTA LEWIS CHIEF EXECUTIVE OFFICER 40.00 X X 207700 0 43617 KRISTIN WALKER BURT DIRECTOR 2.00 X 0 0 0 TANIKA YANCY DIRECTOR 2.00 X 0 0 0 GRETA RAGGS DIRECTOR 2.00 X 0 0 0 MICHELLE LADY DIRECTOR 2.00 X 0 0 0 DAVID SELBERG DIRECTOR 2.00 X 0 0 0 KATIE SATTERTHWAITE DIRECTOR 2.00 X 0 0 0 DOCIA G WALKER DIRECTOR 2.00 X 0 0 0 NEKISHIA WOODS DOBBINS DIRECTOR 2.00 X 0 0 0 SHAMICHAEL HALLMAN DIRECTOR 2.00 X 0 0 0 ASHANTA EVANS BLACKWELL CHAIRMAN 2.00 X X 0 0 0 BOBBIE TURNER CHIEF ACADEMIC OFFICER 40.00 X 150713 0 31650 ADRIANNA BUTLER CHIEF OPERATING OFFICER 40.00 X 139203 0 29233 NORRIESE JACKSON CHIEF FINANCIAL OFFICER 40.00 X 139485 0 29292 ANTONIO RYAN SCHOOL LEADER 40.00 X 113067 0 23744 MICHELLE JONES-WRIGHT SCHOOL LEADER 40.00 X 102255 0 21474 LISA HENRY SCHOOL LEADER 40.00 X 109299 0 22953 NICHOLE CRANE SCHOOL LEADER 40.00 X 110141 0 23130 TOYA LEFTWICH SCHOOL LEADER 40.00 X 116242 0 24411 1188105 0 249504 11 0 1 0 0 10909142 1217812 12126954 BASIC EDUCATION PROGRAM REVENUE 611110 24855725 24855725 STUDENT SERVICES 611110 300745 300745 OTHER INCOME 611110 38695 38695 25195165 212771 212771 1166360 672564 493796 493796 493796 47910 -4110 52020 52020 38080706 25195165 0 758587 682293 682293 16745601 10575804 6169797 -688802 -590245 -98557 2296714 1968089 328625 1238114 1060959 177155 114154 114154 1089382 1089382 10150 5702 4448 708033 307324 400709 64712 64712 3595969 3552296 43673 1446210 1446210 3349586 2738098 611488 SUPPLIES & MATERIALS 2572783 2519313 53470 STUDENT MEALS 1318237 1318237 STUDENT SERVICES 996745 996745 STAFF DEVELOPMENT 875011 620419 254592 699661 699597 64 37114553 26861720 10252833 0 3824067 2759120 2058170 3283408 5615 22732 5481800 5481800 4480 37686883 12386613 26357320 25300270 207558 415615 18290295 13175827 56229305 50438772 2001454 2521129 240423 19712739 18840634 9853240 3689407 31807856 25051170 X 22685867 22278715 1735582 3108887 24421449 25387602 56229305 50438772 966153 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 2931747 2931747 23549261 3664101 19885160 3463790 2074968 1388822 6030466 5162911 867555 1711619 1484633 226986 25300270 DEFERRED OUTFLOWS RELATED TO PENSIONS 3564088 CUSTOMER DEPOSITS 35000 NET PENSION ASSET 3161131 DUE FROM PCAMS HOLDINGS 1069567 LOAN FEES 16250 CONSTRUCTION IN PROGRESS 2888617 LEASE RECEIVABLE 2441174 13175827 DEFERRED INFLOWS RELATED TO PENSIONS 819996 LEASE LIABILITY 499767 DEFERRED INFLOWS RELATED TO LEASES 2369644 3689407 X 38749249 668543 668543 38080706 0 38080706 37791933 677380 677380 37114553 0 37114553 PART X, LINE 2: THE SCHOOLS ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE COMBINED FINANCIAL STATEMENTS. THE SCHOOLS ARE REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOLS HAVE DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OVERALL OPERATIONS OF THE SCHOOLS AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 672,564. PCAMS HOLDINGS OTHER INCOME 89. FUNDRAISING EXPENSES NETTED AGAINT REVENUE ON FORM 990 -4,110. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST REVENUE ON FORM 990 672,564. PCAM HOLDINGS EXPENSES 8,926. FUNDRAISING EXPENSES NETTED AGAINT REVENUE ON FORM 990 -4,110. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 GESTALT COMMUNITY SCHOOLS IS NOT A PRIVATE SCHOOL. IT OPERATES AS PUBLIC CHARTER SCHOOLS AND ACCEPTS STUDENTS OF ALL RACES. SCHEDULE E, PART I, LINE 4 GESTALT COMMUNITY SCHOOLS OPERATES AS PUBLIC CHARTER SCHOOLS; NO FEES ARE CHARGED; NO SCHOLARSHIPS ARE NEEDED. SCHEDULE E, PART I, LINE 6 FEDERAL GRANT, NO CHILD LEFT BEHIND FUNDS ARE RECEIVED FROM TENN. DEPT. OF REVENUE. DAILY ATTENDANCE ALLOCATION FUNDS ARE RECEIVED FROM SHELBY COUNTY SCHOOLS AND ACHIEVEMENT SCHOOL DISTRICT (STATE OF TN). DOUBLE GOODS 19344 19344 T-SHIRT SALE 10892 10892 5 17674 17674 47910 47910 47910 X X 0 0 0 0 0 0 0 0 0 YETTA LEWIS CHIEF EXECUTIVE OFFICER 207700 0 0 0 0 0 0 0 43617 0 251317 0 0 0 BOBBIE TURNER CHIEF ACADEMIC OFFICER 150713 0 0 0 0 0 0 0 31650 0 182363 0 0 0 NORRIESE JACKSON CHIEF FINANCIAL OFFICER 139485 0 0 0 0 0 0 0 29292 0 168777 0 0 0 ADRIANNA BUTLER CHIEF OPERATING OFFICER 139203 0 0 0 0 0 0 0 29233 0 168436 0 0 0 PART I, LINE 3 THE BOARD DETERMINES COMPENSATION FOR EMPLOYEES, THE SCHOOL LEADER PREPARES DATA ON ACADEMIC PERFORMANCE, COMPARISON SALARY CHARTS FOR LOCAL SCHOOLS AND PROPOSED TEACHER SALARY STRUCTURE. THE BOARD APPROVES AND VOTES ON THE SALARY OF ALL EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED AT THE SUBSEQUENT BOARD MEETING OR SENT VIA E-MAIL AFTER THE 990 IS COMPLETED BY THE AUDIT FIRM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION FOR EMPLOYEES, THE SCHOOL LEADER PREPARES DATA ON ACADEMIC PERFORMANCE, COMPARISON SALARY CHARTS FOR LOCAL SCHOOLS AND PROPOSED TEACHER SALARY STRUCTURE. THE BOARD APPROVES AND VOTES ON THE SALARY OF ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GESTALT COMMUNITY SCHOOLS WILL MAKE IT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. POWER CENTER ACADEMY HIGH SCHOOL 6384 QUINCE ROAD MEMPHIS TN 38119 463272038 CHARTER SCHOOL TN POWER CENTER ACADEMY MIDDLE SCHOOL 6120 WINCHESTER ROAD MEMPHIS TN 38115 463262588 CHARTER SCHOOL TN POWER CENTER ACADEMY ELEMENTARY SCHOOL 6120 WINCHESTER ROAD MEMPHIS TN 38115 320467231 CHARTER SCHOOL TN NEXUS STEM ACADEMY MIDDLE SCHOOL 8220 EAST SHELBY DRIVE MEMPHIS TN 38125 320491058 CHARTER SCHOOL TN NEXUS STEM ACADEMY ELEMENTARY SCHOOL 8220 EAST SHELBY DRIVE MEMPHIS TN 38125 CHARTER SCHOOL TN GESTALT VILLAGE HOLDINGS LLC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 821913272 REAL ESTATE TN WINCHESTER ROAD PROPERTIES LLC 3580 S MENDENHALL RD MEMPHIS TN 38115 832392714 REAL ESTATE TN PCAMS HOLDINGS INC 2650 THOUSAND OAKS BLVD MEMPHIS TN 38118 822224570 REAL ESTATE TN 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 PCAMS HOLDINGS K 562640 FAIR MARKET VALUE