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Nonprofiteer
← SHINING ROCK CLASSICAL ACADEMY

Form 990 for tax year 2024

Filed by SHINING ROCK CLASSICAL ACADEMY.

Totals

Total revenue
$7,465,292
Total expenses
$7,767,781
Contributions and grants received
$7,026,819
Grants paid
$0
Program service revenue
$315,260
Investment income
$3,818
Other revenue
$119,395
Total assets, end of year
$3,238,341
Total liabilities, end of year
$228,051
Net assets or fund balances, end of year
$3,010,290
Program services expenses (Part IX)
$5,133,776
Management and general expenses
$2,634,005
Fundraising expenses
$0
Program service expenses (Part III)
$5,133,776

Program services were 66.1% 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)

    $7,004,526

  • 1f · All other contributions, gifts and grants

    $22,293

  • 2a · Program service revenue: STUDENT ACTIVITIES

    total $150,067 · related or exempt $150,067

  • 2b · Program service revenue: CHILD CARE

    total $106,366 · related or exempt $106,366

  • 2c · Program service revenue: FOOD SERVICE

    total $58,827 · related or exempt $58,827

  • 3 · Investment income

    total $3,818 · excluded $3,818

  • 6a · Gross rents

    real property $18,756

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $18,756

  • 6d · Net rental income or loss

    total $18,756 · related or exempt $18,756

  • 11a · Other revenue: MISCELLANEOUS

    total $100,639 · related or exempt $100,639

  • 11e · Other revenue, total

    $100,639

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,733 · program services $73,255 · management and general $39,478

  • 7 · Other salaries and wages

    total $3,613,526 · program services $2,348,111 · management and general $1,265,415

  • 8 · Pension plan contributions

    total $87,365 · program services $56,771 · management and general $30,594

  • 9 · Other employee benefits

    total $481,736 · program services $313,038 · management and general $168,698

  • 10 · Payroll taxes

    total $297,557 · program services $193,356 · management and general $104,201

  • 11b · Fees: legal

    total $22,543 · program services $14,649 · management and general $7,894

  • 11c · Fees: accounting

    total $12,491 · program services $8,117 · management and general $4,374

  • 11g · Fees: other

    total $625,591 · program services $492,696 · management and general $132,895

  • 12 · Advertising and promotion

    total $10,860 · program services $7,057 · management and general $3,803

  • 13 · Office expenses

    total $66,831 · program services $43,428 · management and general $23,403

  • 14 · Information technology

    total $53,297 · program services $34,633 · management and general $18,664

  • 16 · Occupancy

    total $1,512,652 · program services $982,939 · management and general $529,713

  • 17 · Travel

    total $95,688 · program services $62,179 · management and general $33,509

  • 19 · Conferences, conventions and meetings

    total $52,954 · program services $34,410 · management and general $18,544

  • 20 · Interest

    total $15,427 · program services $10,025 · management and general $5,402

  • 22 · Depreciation, depletion and amortization

    total $238,186 · program services $154,776 · management and general $83,410

  • 23 · Insurance

    total $101,130 · program services $65,716 · management and general $35,414

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $172,983 · program services $112,407 · management and general $60,576

  • 24b · Other expenses: NONCAP TECH & EQUIPMENT

    total $73,809 · program services $47,962 · management and general $25,847

  • 24c · Other expenses: ADMIN SERVICES

    total $48,009 · program services $31,197 · management and general $16,812

  • 24d · Other expenses: SALES TAX

    total $29,270 · program services $19,019 · management and general $10,251

  • 24e · All other expenses

    total $43,143 · program services $28,035 · management and general $15,108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,293,603 · end of year $1,090,889

  • 2 · Savings and temporary cash investments

    beginning of year $363,720 · end of year $390,652

  • 4 · Accounts receivable

    beginning of year $103,842 · end of year $121,093

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,851 · end of year $30,754

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

    $2,992,297

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

    $1,467,284

  • 10c · Land, buildings and equipment, net

    beginning of year $1,635,580 · end of year $1,525,013

  • 15 · Other assets

    beginning of year $134,636 · end of year $79,940

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,270 · end of year $43,120

  • 19 · Deferred revenue

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

  • 25 · Other liabilities

    beginning of year $138,183 · end of year $84,931

  • 27 · Net assets without donor restrictions

    beginning of year $1,680,746 · end of year $1,490,268

  • 28 · Net assets with donor restrictions

    beginning of year $1,632,033 · end of year $1,520,022

Mission and programs · 2024

Mission

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

  • A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO APPROXIMATLEY 618 ELEMENTARY STUDENTS UNDER THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION CHARTER SCHOOL LEGISLATION FOR FISCAL YEAR ENDING JUNE 30, 2025.

    Expenses $5,133,776 · Revenue $434,655

As filed on the 2024 return.

Listed in Part VII

  • ALYSON WEIMAR

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROB GEVJAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSHUA SIMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHANE MESSER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LARRY DAVIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BUTCH MULLINIX

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • AUGUSTA ADELEKE

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BROOK BUCKALEW

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BARBY BOWSER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSHUA MORGAN

    HEADMASTER

    Total calculated
    $112,733
    From this org
    $112,733
    From related orgs
    $0
    Other
    $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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202601279349303315

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