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← ARTS BASED SCHOOL

Form 990 for tax year 2024

Filed by ARTS BASED SCHOOL.

Totals

Total revenue
$8,126,059
Total expenses
$8,127,805
Contributions and grants received
$696,610
Grants paid
$0
Program service revenue
$7,429,449
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,144,364
Total liabilities, end of year
$19,119,150
Net assets or fund balances, end of year
-$4,974,786
Program services expenses (Part IX)
$7,122,575
Management and general expenses
$1,005,230
Fundraising expenses
$0
Program service expenses (Part III)
$7,122,575

Program services were 87.6% 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)

    $661,605

  • 1f · All other contributions, gifts and grants

    $35,005

  • 2a · Program service revenue: State of NC

    total $4,956,403

  • 2b · Program service revenue: Local Education Agencies

    total $2,012,817

  • 2c · Program service revenue: Non capital OPEB contributions

    total $1,937

  • 2d · Program service revenue: School Food Service

    total $101,017

  • 2e · Program service revenue: Other revenues

    total $357,275

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 $3,925,156 · program services $3,912,060 · management and general $13,096

  • 8 · Pension plan contributions

    total $1,066,179 · program services $1,066,179

  • 9 · Other employee benefits

    total $466,590 · program services $466,590

  • 10 · Payroll taxes

    total $338,680 · program services $337,642 · management and general $1,038

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $8,026 · management and general $8,026

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $1,626 · management and general $1,626

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $239,883 · management and general $239,883

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $326,799 · management and general $326,799

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $549,089 · program services $505,545 · management and general $43,544

  • 23 · Insurance

    total $44,356 · management and general $44,356

  • 24a · Other expenses: Contracted student services

    total $707,850 · program services $474,520 · management and general $233,330

  • 24b · Other expenses: Supplies, textbooks, resources, etc.

    total $402,949 · program services $360,039 · management and general $42,910

  • 24c · Other expenses: Repairs/Maintenance and Transportation

    total $50,622 · management and general $50,622

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,555 · end of year $526,745

  • 4 · Accounts receivable

    beginning of year $427,832 · end of year $468,312

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,324 · end of year $18,629

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

    $11,966,449

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

    $2,552,496

  • 10c · Land, buildings and equipment, net

    beginning of year $9,507,258 · end of year $9,413,953

  • 15 · Other assets

    beginning of year $3,459,413 · end of year $3,716,725

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,415 · end of year $29,570

  • 19 · Deferred revenue

    end of year $1,038,011

  • 25 · Other liabilities

    beginning of year $18,379,007 · end of year $18,051,569

  • 27 · Net assets without donor restrictions

    beginning of year -$4,973,040 · end of year -$4,974,786

Mission and programs · 2024

Mission

Operation of a public charter school.

  • Operated as a public charter school in Winston-Salem, NC serving approximately 664 students for the fiscal year ended June 30, 2025.

    Expenses $7,122,575

As filed on the 2024 return.

Listed in Part VII

  • Shannon Meares

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Repetti

    Board Chair

    Total calculated
    $0
    Hours/week
    1
  • Asher Ellis

    Finance

    Total calculated
    $0
    Hours/week
    1
  • Michelle Lawrence

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Chanita Coulter

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Endia Beal

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Joy Blaser

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Brittany Todd

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kellie Alston

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Amir Henry

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Letitia Wall

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Brenda Kennedy

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tonya Monteiro

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Lina Sims

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Pemberton

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jay Kumar

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Johnathan Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Sarah Avery

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Dickson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Borrero

    Board Member

    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
2024
Filed
10 February 2026
IRS schema version
2024v5.2
Source object
202620419349301607

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

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