Skip to content
Nonprofiteer
← GREAT OAKS CHARTER SCHOOL - WILMINGTON INC

Form 990 for tax year 2024

Filed by GREAT OAKS CHARTER SCHOOL - WILMINGTON INC.

Totals

Total revenue
$3,979,230
Total expenses
$3,069,561
Contributions and grants received
$2,649,901
Grants paid
$0
Program service revenue
$1,291,637
Investment income
$37,692
Other revenue
$0
Total assets, end of year
$5,316,855
Total liabilities, end of year
$14,693,368
Net assets or fund balances, end of year
-$9,376,513
Program services expenses (Part IX)
$2,948,708
Management and general expenses
$120,853
Fundraising expenses
$0
Program service expenses (Part III)
$2,948,708

Program services were 96.1% 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)

    $2,644,187

  • 1f · All other contributions, gifts and grants

    $5,714

  • 2a · Program service revenue: CHARGES TO SCHOOL DISTRICTS

    total $1,291,637 · related or exempt $1,291,637

  • 3 · Investment income

    total $37,692 · excluded $37,692

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,500 · program services $146,250 · management and general $16,250

  • 7 · Other salaries and wages

    total $903,620 · program services $903,620

  • 8 · Pension plan contributions

    total $158,269 · program services $158,269

  • 10 · Payroll taxes

    total $100,040 · program services $95,538 · management and general $4,502

  • 11g · Fees: other

    total $451,486 · program services $451,486

  • 12 · Advertising and promotion

    total $25,650 · program services $25,650

  • 13 · Office expenses

    total $6,940 · program services $6,940

  • 14 · Information technology

    total $39,528 · program services $39,528

  • 16 · Occupancy

    total $746,440 · program services $712,850 · management and general $33,590

  • 22 · Depreciation, depletion and amortization

    total $69,804 · program services $69,804

  • 23 · Insurance

    total $66,511 · management and general $66,511

  • 24a · Other expenses: VEHICLES & TRANSPORTATION

    total $329,413 · program services $329,413

  • 24b · Other expenses: COMMUNICATION

    total $9,360 · program services $9,360

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $880,171 · end of year $1,250,637

  • 4 · Accounts receivable

    beginning of year $35,958 · end of year $20,690

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,887,939 · end of year $1,373,717

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

    $765,991

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

    $735,470

  • 10c · Land, buildings and equipment, net

    beginning of year $50,822 · end of year $30,521

  • 14 · Intangible assets

    beginning of year $3,301,613 · end of year $2,641,290

  • 15 · Other assets

    beginning of year $7,792

  • 17 · Accounts payable and accrued expenses

    beginning of year $830,874 · end of year $739,651

  • 25 · Other liabilities

    beginning of year $16,619,603 · end of year $13,953,717

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$10,286,182 · end of year -$9,376,513

Mission and programs · 2024

Mission

SCHOOL IS TO GIVE STUDENTS THE KNOWLEDGE AND VALUES REQUIRED TO GRADUATE FROM A COMPETITIVE FOUR-YEAR COLLEGE BY DELIEVERING INDIVIDUALIZED INSTRUCTION, EMPHASIZING CHARACTER DEVELOPMENT AND FOSTERING RELATIONSHIPS AND FAMILIES.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE. THE PURPOSE OF THE SCHOOL IS TO GIVE STUDENTS THE KNOWLEDGE AND VALUES REQUIRED TO GRADUATE FROM ACOMPETITIVE FOUR-YEAR COLLEGE BY DELIVERING INDIVIDUALIZED INSTRUCTION, EMPHASIZING CHARACTER.

  • PREPARE STUDENTS TO SUCCEED IN COLLEGE.

    Expenses $2,948,708 · Revenue $1,291,637

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stacey Clark

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Ed Emmett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Britney Mumford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Antoinette Capri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Kelly Firment

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Natasha King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.5

  • Tamara Price

    PRINCIPAL

    Total calculated
    $220,196
    From this org
    $165,241
    From related orgs
    $0
    Other
    $54,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,241
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $54,955
    Filer's total
    $220,196

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202513119349301236

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.