Totals
- Total revenue
- $10,673,664
- Total expenses
- $10,889,769
- Contributions and grants received
- $248,893
- Grants paid
- $0
- Program service revenue
- $9,392,212
- Investment income
- $77,750
- Other revenue
- $954,809
- Total assets, end of year
- $29,671,338
- Total liabilities, end of year
- $29,620,473
- Net assets or fund balances, end of year
- $50,865
- Program services expenses (Part IX)
- $9,871,644
- Management and general expenses
- $1,091,263
- Fundraising expenses
- -$73,138
- Program service expenses (Part III)
- $9,871,644
Program services were 90.7% 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)
$244,063
-
1f · All other contributions, gifts and grants
$4,830
-
2a · Program service revenue: State Appropriations
total $6,848,869
-
2b · Program service revenue: County, fines, and forfeitures
total $2,012,682
-
2c · Program service revenue: Misc and OPEB non
total $324,468
-
2d · Program service revenue: School Food Service Fund
total $122,882
-
2e · Program service revenue: Before and After School
total $83,311
-
3 · Investment income
total $77,750
-
6a · Gross rents
real property $954,809
-
6c · Rental income or loss
real property $954,809
-
6d · Net rental income or loss
total $954,809
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 $4,165,336 · program services $4,039,189 · management and general $126,147
-
8 · Pension plan contributions
total $994,652 · program services $964,053 · management and general $30,599
-
9 · Other employee benefits
total $558,648 · program services $539,452 · management and general $19,196
-
10 · Payroll taxes
total $312,969 · program services $303,508 · management and general $9,461
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $14,496 · management and general $14,496
-
11c · Fees: accounting
total $8,160 · management and general $8,160
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $4,654 · management and general $4,654
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $1,450,029 · program services $1,160,023 · management and general $290,006
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $328,466 · program services $321,283 · management and general $80,321 · fundraising -$73,138
-
23 · Insurance
total $52,542 · management and general $52,542
-
24a · Other expenses: Contracted Student Services
total $848,312 · program services $478,766 · management and general $369,546
-
24b · Other expenses: Supplies, Materials, Textbooks, etc
total $447,374 · program services $413,228 · management and general $34,146
-
24c · Other expenses: Food and repair
total $94,393 · program services $42,404 · management and general $51,989
-
24d · Other expenses: LLC
total $1,411,264 · program services $1,411,264
-
24e · All other expenses
total $198,474 · program services $198,474
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,301,898 · end of year $2,407,071
-
2 · Savings and temporary cash investments
beginning of year $5,394,131 · end of year $1,449,305
-
3 · Pledges and grants receivable
beginning of year $308,771 · end of year $263,109
-
4 · Accounts receivable
end of year $3,445
-
9 · Prepaid expenses and deferred charges
beginning of year $112,632 · end of year $89,406
-
10a · Land, buildings and equipment: cost or other basis
$22,338,235
-
10b · Land, buildings and equipment: accumulated depreciation
$1,076,554
-
10c · Land, buildings and equipment, net
beginning of year $17,439,563 · end of year $21,261,681
-
15 · Other assets
beginning of year $2,746,399 · end of year $4,197,321
-
17 · Accounts payable and accrued expenses
beginning of year $52,383 · end of year $66,967
-
23 · Secured mortgages and notes payable
beginning of year $19,375,000 · end of year $19,360,000
-
25 · Other liabilities
beginning of year $8,609,041 · end of year $10,193,506
-
27 · Net assets without donor restrictions
beginning of year $266,970 · end of year $50,865
Mission and programs · 2023
Mission
Operation of a public charter school
-
Operated as a charter school in Burlington, NC serving approximately 908 students for the fiscal year ended June 30, 2024.
Expenses $9,871,644
As filed on the 2023 return.
Listed in Part VII
-
Lynn Foster
Board Member
- Total calculated
- $0
- Hours/week
- 0.78
-
Cathy June
Chairperson
- Total calculated
- $0
- Hours/week
- 3.07
-
Amy Murrel
Secretary
- Total calculated
- $0
- Hours/week
- 0.46
-
Brandon Russell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Randi Russell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chad Huffines
Vice Chair
- Total calculated
- $0
- Hours/week
- 9.61
-
Ashley Lane
Treasurer
- Total calculated
- $0
- Hours/week
- 2.76
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
- 2023
- Filed
- 30 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520309349301627
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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