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← GREAT SCHOOLS NC

Form 990 for tax year 2024

Filed by GREAT SCHOOLS NC.

Totals

Total revenue
$3,353,335
Total expenses
$1,917,432
Contributions and grants received
$3,300,000
Grants paid
$150,000
Program service revenue
$0
Investment income
$53,335
Other revenue
$0
Total assets, end of year
$1,611,383
Total liabilities, end of year
$165,480
Net assets or fund balances, end of year
$1,445,903
Program services expenses (Part IX)
$1,366,927
Management and general expenses
$550,505
Fundraising expenses
$0
Program service expenses (Part III)
$1,366,927

Program services were 71.3% 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.

  • 1f · All other contributions, gifts and grants

    $3,300,000

  • 3 · Investment income

    total $53,335 · excluded $53,335

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 5 · Compensation of officers, directors and key employees

    total $205,798 · program services $150,829 · management and general $54,969

  • 7 · Other salaries and wages

    total $1,070,000 · program services $784,200 · management and general $285,800

  • 8 · Pension plan contributions

    total $140,376 · program services $102,881 · management and general $37,495

  • 10 · Payroll taxes

    total $98,208 · program services $71,976 · management and general $26,232

  • 11b · Fees: legal

    total $870 · program services $327 · management and general $543

  • 11g · Fees: other

    total $123,238 · program services $46,361 · management and general $76,877

  • 12 · Advertising and promotion

    total $2,175 · program services $2,175

  • 13 · Office expenses

    total $26,975 · program services $6,970 · management and general $20,005

  • 14 · Information technology

    total $50,066 · program services $25,721 · management and general $24,345

  • 16 · Occupancy

    total $9,678 · management and general $9,678

  • 17 · Travel

    total $24,067 · program services $17,062 · management and general $7,005

  • 23 · Insurance

    total $5,566 · management and general $5,566

  • 24a · Other expenses: DUES AND SUBCRIPTIONS

    total $8,425 · program services $8,425

  • 24b · Other expenses: TAXES AND LICENSES

    total $1,990 · management and general $1,990

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $300,832

  • 2 · Savings and temporary cash investments

    end of year $1,310,551

  • 17 · Accounts payable and accrued expenses

    end of year $165,480

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $1,195,903

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $250,000

Mission and programs · 2024

Mission

GREAT SCHOOLS NORTH CAROLINA (GSNC) WAS FOUNDED TO REMOVE BARRIERS TO SUCCESS FOR BOTH EXISTING AND NEW PUBLIC CHARTER SCHOOLS ACROSS THE STATE. GSNC SUPPORTS LEADERS WITH STRATEGIC FUNDING AND COLLABORATIVE PARTNERSHIPS TO INCREASE ACCESS TO HIGH-QUALITY PUBLIC EDUCATION OPTIONS.

Activities or mission (Part I)

GREAT SCHOOLS NORTH CAROLINA (GSNC) REMOVES BARRIERS FOR PUBLIC CHARTER SCHOOLS BY PROVIDING STRATEGIC FUNDING AND PARTNERSHIPS TO EXPAND ACCESS TO HIGH-QUALITY EDUCATION.

  • GREAT SCHOOLS NORTH CAROLINA (GSNC) WAS FOUNDED TO REMOVE BARRIERS TO SUCCESS FOR BOTH EXISTING AND NEW PUBLIC CHARTER SCHOOLS ACROSS THE STATE. GSNC SUPPORTS LEADERS WITH STRATEGIC FUNDING AND COLLABORATIVE PARTNERSHIPS TO INCREASE ACCESS TO HIGH-QUALITY PUBLIC EDUCATION OPTIONS.

    Expenses $1,366,927 · Grants $150,000

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

Listed in Part VII

  • Scott Benson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Lane Faison

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Madeline Hannigan

    EXECUTIVE DIRECTOR

    Total calculated
    $205,798
    From this org
    $180,000
    From related orgs
    $0
    Other
    $25,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,798
    Filer's total
    $205,798
  • Shauna Bell

    MANAGING DIRECTOR

    Total calculated
    $156,828
    From this org
    $150,983
    From related orgs
    $0
    Other
    $5,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,983
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,845
    Filer's total
    $156,828
  • Hunter Schimpff

    DIRECTOR OF FINANCE

    Total calculated
    $163,285
    From this org
    $144,150
    From related orgs
    $0
    Other
    $19,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,150
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,135
    Filer's total
    $163,285
  • Allie Becker

    CHIEF OF STAFF

    Total calculated
    $159,160
    From this org
    $140,025
    From related orgs
    $0
    Other
    $19,135
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,025
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,135
    Filer's total
    $159,160
  • Reid Phillips

    MANAGING DIRECTOR

    Total calculated
    $148,889
    From this org
    $131,825
    From related orgs
    $0
    Other
    $17,064
    Hours/week
    40
  • Marvin Espinoza-Leiva

    DIRECTOR OF DATA STRATEGY

    Total calculated
    $128,625
    From this org
    $128,625
    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. 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

  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS APPROVES COMPENSATION BASED ON COMPARABILITY DATA.

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

Provenance

Return type
form_990
Tax year
2024
Filed
8 August 2025
IRS schema version
2024v5.2
Source object
202532209349302003

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