Public Charity

FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC

FRIENDS OF EXCEL ACADEMY CHARTER SCHOOLS INC is a nonprofit organization categorized as Public Charity based in EAST BOSTON, MA. Its most recent IRS filing (2024) reports revenue of $8.1M, expenses of $8.1M, total assets of $48.9M. Imperigo tracks 70 reported grant relationships connected to this organization totaling approximately $15.6M.

EIN: 300211613 EAST BOSTON, MA Latest filing: 2024
Total Revenue$8.1M
Total Expenses$8.1M
Total Assets$48.9M
Grant Records70
Funding Total$15.6M
Filing Years2020–2024

Mission

TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED AND TO OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES.

Officers & Directors

SENIOR DIRECTOR: FINANCE Aaron Stelson
CHIEF FINANCIAL OFFICER Andrew Solomon
MEMBER Christopher Satti
CLERK Donald Cass
MANAGING DIRECTOR OF ACADEMICS Kathryn Megrian
TREASURER Megan Preiner

Officer compensation and complete director data available with membership.

Top Grant Purposes

EDUCATION
$6,172,950 7 grants
OPERATING SUPPORT
$2,914,980 2 grants
For grant recipient's exempt purposes
$1,785,250 9 grants
DAF - Education
$1,608,140 8 grants
See Part IV
$600,000 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $8.1M $8.1M $48.9M
2023 $14.3M $8.9M $49.7M
2022 $8.0M $4.3M $82.7M
2021 $4.6M $3.6M $81.2M
2020 $1.7M $1.6M $45.8M

Between 2020 and 2024, reported annual revenue grew from $1.7M to $8.1M (+379%), with total assets most recently reported at $48.9M.

Interactive year-over-year charts and full filing details available with membership.

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