Form 990 for tax year 2023
Filed by NORTH EAST CAROLINA PREPARATORY SCHOOL INC.
Totals
- Total revenue
- $13,182,640
- Total expenses
- $11,857,226
- Contributions and grants received
- $12,271,962
- Grants paid
- $0
- Program service revenue
- $177,001
- Investment income
- $48,466
- Other revenue
- $685,211
- Total assets, end of year
- $32,348,286
- Total liabilities, end of year
- $28,569,511
- Net assets or fund balances, end of year
- $3,778,775
- Program services expenses (Part IX)
- $8,006,363
- Management and general expenses
- $3,850,863
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,006,363
Program services were 67.5% 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.
-
1c · Fundraising events
$29,887
-
1e · Government grants (contributions)
$12,237,075
-
1f · All other contributions, gifts and grants
$5,000
-
2a · Program service revenue: STUDENT ACTIVITIES
total $109,095 · related or exempt $109,095
-
2b · Program service revenue: BEFORE & AFTER SCHOOL
total $57,738 · related or exempt $57,738
-
2c · Program service revenue: FOOD SERVICE
total $10,168 · related or exempt $10,168
-
3 · Investment income
total $48,285 · excluded $48,285
-
6a · Gross rents
real property $2,250
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $2,250
-
6d · Net rental income or loss
total $2,250 · related or exempt $2,250
-
7a · Gross sales of assets other than inventory
other assets $181
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $181
-
7d · Net gain or loss
total $181 · related or exempt $181
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$29,887
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: BOND REIMBURSEMENT
total $559,962 · related or exempt $559,962
-
11b · Other revenue: SALES TAX REFUND
total $64,528 · related or exempt $64,528
-
11c · Other revenue: MISCELLANEOUS
total $54,471 · related or exempt $54,471
-
11d · All other revenue
total $4,000 · related or exempt $4,000
-
11e · Other revenue, total
$682,961
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $130,520 · program services $88,131 · management and general $42,389
-
7 · Other salaries and wages
total $5,370,323 · program services $3,626,207 · management and general $1,744,116
-
8 · Pension plan contributions
total $57,864 · program services $39,072 · management and general $18,792
-
9 · Other employee benefits
total $469,722 · program services $317,171 · management and general $152,551
-
10 · Payroll taxes
total $411,061 · program services $277,561 · management and general $133,500
-
11b · Fees: legal
total $58,824 · program services $39,720 · management and general $19,104
-
11c · Fees: accounting
total $16,800 · program services $11,344 · management and general $5,456
-
11g · Fees: other
total $734,170 · program services $495,734 · management and general $238,436
-
12 · Advertising and promotion
total $24,953 · program services $16,849 · management and general $8,104
-
13 · Office expenses
total $9,398 · program services $6,346 · management and general $3,052
-
14 · Information technology
total $108,743 · program services $73,427 · management and general $35,316
-
16 · Occupancy
total $339,932 · program services $229,533 · management and general $110,399
-
17 · Travel
total $115,275 · program services $77,837 · management and general $37,438
-
19 · Conferences, conventions and meetings
total $26,206 · program services $17,695 · management and general $8,511
-
20 · Interest
total $1,207,717 · program services $815,488 · management and general $392,229
-
22 · Depreciation, depletion and amortization
total $225,339 · program services $152,156 · management and general $73,183
-
23 · Insurance
total $136,893 · program services $92,434 · management and general $44,459
-
24a · Other expenses: ADMINISTRATIVE SERVICES
total $1,452,000 · program services $980,435 · management and general $471,565
-
24b · Other expenses: BOOKS & SUPPLIES
total $382,685 · program services $258,401 · management and general $124,284
-
24c · Other expenses: NUTRITION SERVICES
total $243,194 · program services $164,212 · management and general $78,982
-
24d · Other expenses: MISCELLANEOUS
total $215,859 · program services $145,752 · management and general $70,107
-
24e · All other expenses
total $119,748 · program services $80,858 · management and general $38,890
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,112,921 · end of year $4,378,195
-
2 · Savings and temporary cash investments
beginning of year $1,727,939 · end of year $7,585,248
-
3 · Pledges and grants receivable
beginning of year $212,812
-
4 · Accounts receivable
beginning of year $1,945 · end of year $438,415
-
9 · Prepaid expenses and deferred charges
beginning of year $46,495 · end of year $133,111
-
10a · Land, buildings and equipment: cost or other basis
$23,877,905
-
10b · Land, buildings and equipment: accumulated depreciation
$4,064,588
-
10c · Land, buildings and equipment, net
beginning of year $19,251,617 · end of year $19,813,317
-
17 · Accounts payable and accrued expenses
beginning of year $63,088 · end of year $206,708
-
19 · Deferred revenue
beginning of year $3,021 · end of year $176,395
-
20 · Tax-exempt bond liabilities
beginning of year $21,834,259 · end of year $27,152,158
-
25 · Other liabilities
beginning of year $0 · end of year $1,034,250
-
27 · Net assets without donor restrictions
beginning of year $725,422 · end of year -$3,806,473
-
28 · Net assets with donor restrictions
beginning of year $1,727,939 · end of year $7,585,248
Mission and programs · 2023
Mission
NORTH EAST CAROLINA PREPARATORY SCHOOL IS A PUBLIC CHARTER SCHOOL SERVING GRADES K-12 IN TARBORO, NORTH CAROLINA.
-
PROVIDE FACILITIES, TEACHERS, AND MATERIALS FOR STUDENTS ENROLLED IN A PUBLIC CHARTER SCHOOL.
Expenses $8,006,363 · Revenue $862,393
As filed on the 2023 return.
Listed in Part VII
-
Dr Mark CockrellDR MARK COCKRELL
EXECUTIVE DIRECTOR
- Total calculated
- $130,520
- From this org
- $130,520
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Anne MannANNE MANN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cara ArcherCARA ARCHER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Beatriz WardBEATRIZ WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa KnightLISA KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ella BattsELLA BATTS
DIRECTOR
- 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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NECP HOLDINGS LLC
RENTAL · NC · income $1,538,516 · assets $24,821,508
Directly controlled by NORTH EAST CAROLINA PREPARATORY SCHOOL INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501409349301300
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