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Nonprofiteer
← HENDERSON COUNTY ALLIANCE FOR EDUCATION

Form 990 for tax year 2022

Filed by HENDERSON COUNTY ALLIANCE FOR EDUCATION.

Totals

Total revenue
$2,221,883
Total expenses
$2,147,363
Contributions and grants received
$2,128,201
Grants paid
$0
Program service revenue
$39,275
Investment income
$0
Other revenue
$54,407
Total assets, end of year
$2,344,728
Total liabilities, end of year
$4,561,694
Net assets or fund balances, end of year
-$2,216,966
Program services expenses (Part IX)
$1,781,233
Management and general expenses
$366,130
Fundraising expenses
$0
Program service expenses (Part III)
$1,781,233

Program services were 82.9% 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)

    $2,075,612

  • 1f · All other contributions, gifts and grants

    $52,589

  • 2a · Program service revenue: Child Care

    total $13,085 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Food Service

    total $26,190 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Fines & Forfeitures

    total $66 · related or exempt $66 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Student Activities

    total $54,341 · related or exempt $54,341 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $54,407

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $88,206 · program services $88,206 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,106,325 · program services $1,106,325 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $87,596 · program services $87,596 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $157,528 · program services $157,528 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $84,500 · program services $84,500 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $8,543 · program services $0 · management and general $8,543 · fundraising $0

  • 13 · Office expenses

    total $23,934 · program services $11,954 · management and general $11,980 · fundraising $0

  • 14 · Information technology

    total $41,991 · program services $41,991 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $22,255 · program services $0 · management and general $22,255 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,986 · program services $2,986 · management and general $0 · fundraising $0

  • 20 · Interest

    total $52,127 · program services $0 · management and general $52,127 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $96,831 · program services $5,301 · management and general $91,530 · fundraising $0

  • 23 · Insurance

    total $36,852 · program services $0 · management and general $36,852 · fundraising $0

  • 24a · Other expenses: Contracted Services

    total $194,548 · program services $99,840 · management and general $94,708 · fundraising $0

  • 24b · Other expenses: Non-Cap Equip & Lease

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Food

    total $74,977 · program services $48,718 · management and general $26,259 · fundraising $0

  • 24d · Other expenses: Textbooks and Supplies

    total $63,096 · program services $41,772 · management and general $21,324 · fundraising $0

  • 24e · All other expenses

    total $5,068 · program services $4,516 · management and general $552 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $475,180 · end of year $161,038

  • 2 · Savings and temporary cash investments

    beginning of year $84,648 · end of year $283,431

  • 4 · Accounts receivable

    beginning of year $24,396 · end of year $18,466

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,345 · end of year $10,777

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

    $2,538,036

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

    $1,703,560

  • 10c · Land, buildings and equipment, net

    beginning of year $869,194 · end of year $834,476

  • 15 · Other assets

    beginning of year $652,262 · end of year $1,036,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,301 · end of year $22,164

  • 19 · Deferred revenue

    beginning of year $24,214 · end of year $3,501

  • 23 · Secured mortgages and notes payable

    beginning of year $1,217,463 · end of year $1,185,332

  • 25 · Other liabilities

    beginning of year $3,145,533 · end of year $3,350,697

  • 27 · Net assets without donor restrictions

    beginning of year -$2,291,486 · end of year -$2,216,966

Mission and programs · 2022

Mission

Primary Education

  • The school provides education to elementary age children for the Department of Public Instruction for the State of North Carolina through its charter school program.

    Expenses $1,781,233 · Revenue $2,221,883

As filed on the 2022 return.

Listed in Part VII

  • Amy Bracken

    Director

    Total calculated
    $0
    Hours/week
    2

  • Sarah Cosgrove

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lane Perry

    Director

    Total calculated
    $0
    Hours/week
    2

  • Rebecca Swartz

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Anthony Johnson

    Director

    Total calculated
    $30,986
    From this org
    $30,986
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Denise Pesce

    Executive Director

    Total calculated
    $57,220
    From this org
    $57,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rick Prudhomme

    Vice President

    Total calculated
    $0
    Hours/week
    5

  • Aimie Burns

    Member

    Total calculated
    $0
    Hours/week
    2

  • Brad Ward

    Treasurer

    Total calculated
    $0
    Hours/week
    5

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
21 April 2024
IRS schema version
2022v5.0
Source object
202431179349300533

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