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← WOODS CHARTER SCHOOL COMPANY

Form 990 for tax year 2022

Filed by WOODS CHARTER SCHOOL COMPANY.

Totals

Total revenue
$6,914,708
Total expenses
$6,438,085
Contributions and grants received
$6,350,391
Grants paid
$0
Program service revenue
$461,076
Investment income
$31,474
Other revenue
$71,767
Total assets, end of year
$10,805,770
Total liabilities, end of year
$6,258,328
Net assets or fund balances, end of year
$4,547,442
Program services expenses (Part IX)
$5,408,323
Management and general expenses
$1,029,762
Fundraising expenses
$0
Program service expenses (Part III)
$5,408,323

Program services were 84.0% 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.

  • 1d · Related organizations

    $423,784

  • 1e · Government grants (contributions)

    $5,923,187

  • 1f · All other contributions, gifts and grants

    $3,420

  • 2a · Program service revenue: SCHOOL PROGRAMS & ACTIVITIES

    total $202,056 · related or exempt $202,056

  • 2b · Program service revenue: FOOD SERVICE

    total $150,744 · related or exempt $150,744

  • 2c · Program service revenue: BEFORE & AFTER SCHOOL CARE

    total $108,276 · related or exempt $108,276

  • 3 · Investment income

    total $31,474 · excluded $31,474

  • 6a · Gross rents

    real property $36,566

  • 6c · Rental income or loss

    real property $36,566

  • 6d · Net rental income or loss

    total $36,566 · related or exempt $36,566

  • 11a · Other revenue: SALES TAX REFUND

    total $20,415 · related or exempt $20,415

  • 11b · Other revenue: OTHER REVENUE

    total $14,786 · related or exempt $14,786

  • 11e · Other revenue, total

    $35,201

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $160,758 · program services $133,939 · management and general $26,819

  • 7 · Other salaries and wages

    total $3,962,955 · program services $3,289,253 · management and general $673,702

  • 8 · Pension plan contributions

    total $121,180 · program services $100,579 · management and general $20,601

  • 9 · Other employee benefits

    total $402,881 · program services $334,391 · management and general $68,490

  • 10 · Payroll taxes

    total $300,709 · program services $249,588 · management and general $51,121

  • 11b · Fees: legal

    total $18,052 · program services $14,983 · management and general $3,069

  • 11c · Fees: accounting

    total $13,500 · program services $11,205 · management and general $2,295

  • 11g · Fees: other

    total $375,595 · program services $375,595

  • 12 · Advertising and promotion

    total $3,048 · program services $2,530 · management and general $518

  • 13 · Office expenses

    total $30,394 · program services $25,582 · management and general $4,812

  • 14 · Information technology

    total $137,609 · program services $114,215 · management and general $23,394

  • 16 · Occupancy

    total $99,088 · program services $82,243 · management and general $16,845

  • 17 · Travel

    total $84,217 · program services $69,900 · management and general $14,317

  • 19 · Conferences, conventions and meetings

    total $24,875 · program services $20,646 · management and general $4,229

  • 20 · Interest

    total $202,693 · program services $168,235 · management and general $34,458

  • 22 · Depreciation, depletion and amortization

    total $248,357 · program services $206,136 · management and general $42,221

  • 23 · Insurance

    total $33,796 · program services $28,051 · management and general $5,745

  • 24a · Other expenses: BOOKS & SUPPLIES

    total $120,227 · program services $99,788 · management and general $20,439

  • 24b · Other expenses: FOOD PURCHASES

    total $36,959 · program services $30,676 · management and general $6,283

  • 24c · Other expenses: ADMINISTRATIVE

    total $30,275 · program services $25,128 · management and general $5,147

  • 24d · Other expenses: SALES TAX

    total $20,415 · program services $16,944 · management and general $3,471

  • 24e · All other expenses

    total $10,502 · program services $8,716 · management and general $1,786

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,540,137 · end of year $1,125,325

  • 2 · Savings and temporary cash investments

    beginning of year $2,111,742 · end of year $3,157,190

  • 4 · Accounts receivable

    beginning of year $543,108 · end of year $17,558

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,420 · end of year $20,749

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

    $10,704,454

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

    $4,272,824

  • 10c · Land, buildings and equipment, net

    beginning of year $6,394,688 · end of year $6,431,630

  • 15 · Other assets

    beginning of year $106,636 · end of year $53,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,456 · end of year $54,588

  • 19 · Deferred revenue

    end of year $23,844

  • 23 · Secured mortgages and notes payable

    beginning of year $6,499,338 · end of year $6,162,119

  • 25 · Other liabilities

    beginning of year $43,084 · end of year $17,777

  • 27 · Net assets without donor restrictions

    beginning of year $4,084,853 · end of year $4,547,442

Mission and programs · 2022

Mission

OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL

  • OPERATED AS A PUBLIC CHARTER SCHOOL IN CHAPEL HILL NORTH CAROLINA SERVING APPROXIMATELY 506 STUDENTS IN GRADES K-12 FOR THE FISCAL YEAR ENDING 6/30/2023.

    Expenses $5,408,323 · Revenue $461,076

As filed on the 2022 return.

Listed in Part VII

  • Cotton Bryan

    PRINCIPAL

    Total calculated
    $92,239
    From this org
    $92,239
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rachel Lawrence

    FACULITY REP

    Total calculated
    $65,519
    From this org
    $65,519
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Andrew Borum

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robb Czyzewski

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Collette Drake

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Doreen Messick

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nada Mohamed

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Moulton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charmaine Terregino

    VICE CHAIR

    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.

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
2022
Filed
29 February 2024
IRS schema version
2022v5.0
Source object
202441099349300329

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