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← SHINING ROCK CLASSICAL ACADEMY

Form 990 for tax year 2022

Filed by SHINING ROCK CLASSICAL ACADEMY.

Totals

Total revenue
$7,679,259
Total expenses
$5,660,443
Contributions and grants received
$7,350,167
Grants paid
$0
Program service revenue
$285,487
Investment income
$7,484
Other revenue
$36,121
Total assets, end of year
$4,190,907
Total liabilities, end of year
$284,641
Net assets or fund balances, end of year
$3,906,266
Program services expenses (Part IX)
$4,029,665
Management and general expenses
$1,630,778
Fundraising expenses
$0
Program service expenses (Part III)
$4,029,665

Program services were 71.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,041,097

  • 1f · All other contributions, gifts and grants

    $1,309,070

  • 2a · Program service revenue: STUDENT ACTIVITIES AND FEES

    total $117,639 · related or exempt $117,639

  • 2b · Program service revenue: CHILD CARE

    total $95,730 · related or exempt $95,730

  • 2c · Program service revenue: FOOD SERVICE

    total $72,118 · related or exempt $72,118

  • 3 · Investment income

    total $7,484 · related or exempt $4,930 · excluded $2,554

  • 6a · Gross rents

    real property $16,404

  • 6c · Rental income or loss

    real property $16,404

  • 6d · Net rental income or loss

    total $16,404 · excluded $16,404

  • 11a · Other revenue: SALES TAX REFUND

    total $17,615 · related or exempt $17,615

  • 11b · Other revenue: FINES & FOREFITURES

    total $2,102 · related or exempt $2,102

  • 11e · Other revenue, total

    $19,717

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,936,237 · program services $2,090,307 · management and general $845,930

  • 8 · Pension plan contributions

    total $76,216 · program services $54,258 · management and general $21,958

  • 9 · Other employee benefits

    total $425,869 · program services $303,176 · management and general $122,693

  • 10 · Payroll taxes

    total $211,618 · program services $150,651 · management and general $60,967

  • 11b · Fees: legal

    total $17,231 · program services $12,267 · management and general $4,964

  • 11c · Fees: accounting

    total $9,700 · program services $6,905 · management and general $2,795

  • 11g · Fees: other

    total $277,814 · program services $197,776 · management and general $80,038

  • 12 · Advertising and promotion

    total $11,833 · program services $8,424 · management and general $3,409

  • 13 · Office expenses

    total $20,497 · program services $14,588 · management and general $5,909

  • 14 · Information technology

    total $7,792 · program services $5,547 · management and general $2,245

  • 16 · Occupancy

    total $608,460 · program services $433,162 · management and general $175,298

  • 17 · Travel

    total $77,590 · program services $55,236 · management and general $22,354

  • 19 · Conferences, conventions and meetings

    total $34,741 · program services $24,732 · management and general $10,009

  • 22 · Depreciation, depletion and amortization

    total $178,061 · program services $126,762 · management and general $51,299

  • 23 · Insurance

    total $55,874 · program services $39,777 · management and general $16,097

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $215,494 · program services $153,410 · management and general $62,084

  • 24b · Other expenses: BOOKS AND SUPPLIES

    total $214,856 · program services $152,956 · management and general $61,900

  • 24c · Other expenses: NUTRITION SERVICES

    total $152,829 · program services $108,799 · management and general $44,030

  • 24d · Other expenses: NONCAP TECH & EQUIPMENT

    total $114,762 · program services $81,699 · management and general $33,063

  • 24e · All other expenses

    total $12,969 · program services $9,233 · management and general $3,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,100,229 · end of year $2,042,432

  • 4 · Accounts receivable

    beginning of year $124,356 · end of year $93,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,036 · end of year $44,967

  • 10a · Land, buildings and equipment: cost or other basis

    $2,919,374

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,109,127

  • 10c · Land, buildings and equipment, net

    beginning of year $1,988,308 · end of year $1,810,247

  • 15 · Other assets

    beginning of year $252,768 · end of year $199,477

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,453 · end of year $4,212

  • 19 · Deferred revenue

    beginning of year $100,000 · end of year $100,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,465,794

  • 25 · Other liabilities

    end of year $180,429

  • 27 · Net assets without donor restrictions

    beginning of year $1,140,062 · end of year $2,101,971

  • 28 · Net assets with donor restrictions

    beginning of year $747,388 · end of year $1,804,295

Mission and programs · 2022

Mission

OPERATION OF A CHARTER SCHOOL FOR EDUCATION OF CHILDREN IN THE COMMUNITY.

  • A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO ELEMENTARY STUDENTS UNDER THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION CHARTER SCHOOL LEGISLATION.

    Expenses $4,029,665 · Revenue $285,487

As filed on the 2022 return.

Listed in Part VII

  • Sandy Brantley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shannon Carlock

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Lay

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Natalie Malis

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shane Messer

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bert Newsome

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Abbie Wilkins

    MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • SHINING ROCK CLASSICAL ACADEMY HOLDINGS INC

    501 C3 · LEASING · NC

    Directly controlled by SHINING ROCK CLASSICAL ACADEMY

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349313170

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