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← FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY

Form 990 for tax year 2024

Filed by FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY.

Totals

Total revenue
$3,864,357
Total expenses
$3,248,782
Contributions and grants received
$3,864,357
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$930,880
Total liabilities, end of year
$92,517
Net assets or fund balances, end of year
$838,363
Program services expenses (Part IX)
$3,248,782
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$3,248,782

Program services were 100.0% 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)

    $3,042,893

  • 1f · All other contributions, gifts and grants

    $821,464

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,136,396 · program services $1,136,396

  • 8 · Pension plan contributions

    total $140,534 · program services $140,534

  • 9 · Other employee benefits

    total $188,040 · program services $188,040

  • 10 · Payroll taxes

    total $93,938 · program services $93,938

  • 11b · Fees: legal

    total $11,176 · program services $11,176

  • 16 · Occupancy

    total $190,814 · program services $190,814

  • 22 · Depreciation, depletion and amortization

    total $3,557 · program services $3,557

  • 23 · Insurance

    total $33,631 · program services $33,631

  • 24a · Other expenses: INSTRUCTION & SUPPORT

    total $848,239 · program services $848,239

  • 24b · Other expenses: GENERAL AND ADMIN

    total $402,247 · program services $402,247

  • 24c · Other expenses: AUXILIARY SUPPORT

    total $148,010 · program services $148,010

  • 24d · Other expenses: OPERATION & MAINTENANCE

    total $52,200 · program services $52,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $92,223 · end of year $703,680

  • 4 · Accounts receivable

    beginning of year $253,841 · end of year $146,846

  • 8 · Inventories for sale or use

    end of year $173

  • 9 · Prepaid expenses and deferred charges

    end of year $13,168

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

    $71,459

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

    $4,446

  • 10c · Land, buildings and equipment, net

    beginning of year $24,895 · end of year $67,013

  • 15 · Other assets

    beginning of year $890,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,452 · end of year $92,517

  • 25 · Other liabilities

    beginning of year $877,715

  • 27 · Net assets without donor restrictions

    beginning of year $223,675 · end of year $838,363

Mission and programs · 2024

Mission

TO EDUCATE A DIVERSE COMMUNITY OF STUDENTS THROUGH A RIGOROUS PRECOLLEGE LEVEL CURRICULUM THAT PREPARES STUDENTS FOR POSTSECONDARY EDUCATION WITH AN EMPHASIS IN THE VISUAL AND PERFORMING ARTS.

Activities or mission (Part I)

CHARTER SCHOOL SPECIALIZING IN VISUAL AND PERFORMING ARTS

  • FLORETTA P CARSON VISUAL AND PERFORMING ARTS ACADEMY PREPARES STUDENTS FOR CAREERS IN VISUAL AND PERFORMING ARTS AND POST SECONDARY EDUCATION BY PROVIDING ENGAGING, ACADEMICALLY RIGOROUS, AND RESPONSIVE LESSONS, AND CONTINUOUS OPPORTUNITIES FOR STUDENTS TO EXCEL BEYOND THEIR CURRENT IDEAS OF CREATIVITY.

    Expenses $3,248,782

As filed on the 2024 return.

Listed in Part VII

  • Terrance Bettis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Gloria Hill

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    3

  • Dr Benterah Morton

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Jeremiah Newell

    CEO

    Total calculated
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2024
Filed
29 June 2026
IRS schema version
2024v5.0
Source object
202611829349301536

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