Totals
- Total revenue
- $9,075,474
- Total expenses
- $8,882,195
- Contributions and grants received
- $517,906
- Grants paid
- $0
- Program service revenue
- $8,453,264
- Investment income
- $0
- Other revenue
- $104,304
- Total assets, end of year
- $20,742,250
- Total liabilities, end of year
- $18,896,645
- Net assets or fund balances, end of year
- $1,845,605
- Program services expenses (Part IX)
- $7,345,578
- Management and general expenses
- $1,536,617
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,345,578
Program services were 82.7% 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)
$509,752
-
1f · All other contributions, gifts and grants
$8,154
-
2a · Program service revenue: State revenues
total $6,403,323
-
2b · Program service revenue: Local county revenues
total $1,603,965
-
2c · Program service revenue: Other program revenues
total $363,408
-
2d · Program service revenue: Before and after school
total $82,568
-
8a · Fundraising events: gross income
$115,709
-
8b · Fundraising events: direct expenses
$11,405
-
8c · Net income from fundraising events
total $104,304
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,706,478 · program services $4,529,405 · management and general $177,073
-
8 · Pension plan contributions
total $225,589 · program services $221,386 · management and general $4,203
-
9 · Other employee benefits
total $497,372 · program services $481,930 · management and general $15,442
-
10 · Payroll taxes
total $366,872 · program services $352,155 · management and general $14,717
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $6,445 · management and general $6,445
-
11c · Fees: accounting
total $7,796 · management and general $7,796
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $17,549 · management and general $17,549
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $163,030 · program services $130,425 · management and general $32,605
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $614,393 · management and general $614,393
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $932,580 · program services $699,435 · management and general $233,145
-
23 · Insurance
total $30,791 · management and general $30,791
-
24a · Other expenses: Contracted Student Services
total $587,846 · program services $359,472 · management and general $228,374
-
24b · Other expenses: Supplies, Textbooks, Student needs, etc
total $618,615 · program services $571,224 · management and general $47,391
-
24c · Other expenses: Repairs Maintenance
total $106,839 · program services $146 · management and general $106,693
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,824,184 · end of year $1,148,938
-
2 · Savings and temporary cash investments
beginning of year $190,682 · end of year $1,292,230
-
4 · Accounts receivable
beginning of year $150,901 · end of year $137,027
-
9 · Prepaid expenses and deferred charges
beginning of year $39,543 · end of year $32,694
-
10a · Land, buildings and equipment: cost or other basis
$21,101,460
-
10b · Land, buildings and equipment: accumulated depreciation
$3,026,121
-
10c · Land, buildings and equipment, net
beginning of year $18,631,877 · end of year $18,075,339
-
15 · Other assets
beginning of year $56,022 · end of year $56,022
-
17 · Accounts payable and accrued expenses
beginning of year $174,797 · end of year $165,210
-
23 · Secured mortgages and notes payable
beginning of year $19,064,798 · end of year $18,729,260
-
25 · Other liabilities
beginning of year $1,288 · end of year $2,175
-
27 · Net assets without donor restrictions
beginning of year $1,652,326 · end of year $1,845,605
Mission and programs · 2022
Mission
Operation of a public charter school
-
Operated as a charter school in Oxford, NC serving approximately 826 students for the fiscal year ending 6/30/2023.
Expenses $7,345,578
As filed on the 2022 return.
Listed in Part VII
-
Andrew Swanner - Ex-Officio
Executive Director
- Total calculated
- $117,116
- From this org
- $117,116
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
MaryAnn Crews - Ex-Officio
Lower School Director
- Total calculated
- $98,686
- From this org
- $98,686
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Elizabeth Barnette - Ex-Officio
Upper School Director
- Total calculated
- $72,436
- From this org
- $72,436
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Randy Reese
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Maria Benn
Director
- Total calculated
- $0
- Hours/week
- 1
-
JC Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tara Roberson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Hannah Altieri
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Ben Hicks
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Chance Wilkinson
Vice-Chair
- Total calculated
- $0
- Hours/week
- 2
-
Anita Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Pegram
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441319349300139
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