Form 990 for tax year 2022
Filed by GREAT OAKS CHARTER SCHOOL - WILMINGTON INC.
Totals
- Total revenue
- $5,996,164
- Total expenses
- $7,221,433
- Contributions and grants received
- $4,635,255
- Grants paid
- $0
- Program service revenue
- $1,354,367
- Investment income
- $6,542
- Other revenue
- $0
- Total assets, end of year
- $7,297,676
- Total liabilities, end of year
- $17,472,492
- Net assets or fund balances, end of year
- -$10,174,816
- Program services expenses (Part IX)
- $7,093,718
- Management and general expenses
- $127,715
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,093,718
Program services were 98.2% 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)
$4,538,948
-
1f · All other contributions, gifts and grants
$96,307
-
2a · Program service revenue: CHARGES TO SCHOOL DISTRICTS
total $1,354,367 · related or exempt $1,354,367
-
3 · Investment income
total $6,542 · excluded $6,542
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $169,100 · program services $152,190 · management and general $16,910
-
7 · Other salaries and wages
total $2,061,138 · program services $2,061,138
-
8 · Pension plan contributions
total $658,484 · program services $658,484
-
9 · Other employee benefits
total $1,466,590 · program services $1,466,590
-
10 · Payroll taxes
total $217,725 · program services $207,927 · management and general $9,798
-
11b · Fees: legal
total $22,152 · program services $22,152
-
11g · Fees: other
total $674,306 · program services $674,306
-
12 · Advertising and promotion
total $25,204 · program services $25,204
-
13 · Office expenses
total $141,796 · program services $141,796
-
14 · Information technology
total $47,077 · program services $47,077
-
16 · Occupancy
total $1,002,113 · program services $957,018 · management and general $45,095
-
17 · Travel
total $4,840 · program services $4,356 · management and general $484
-
22 · Depreciation, depletion and amortization
total $51,889 · program services $51,889
-
23 · Insurance
total $55,428 · management and general $55,428
-
24a · Other expenses: VEHICLES & TRANSPORTATION
total $606,672 · program services $606,672
-
24b · Other expenses: COMMUNICATION
total $9,419 · program services $9,419
-
24c · Other expenses: STAFF DEVELOPMENT
total $7,500 · program services $7,500
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $633,652 · end of year $485,655
-
4 · Accounts receivable
beginning of year $99,235 · end of year $102,046
-
9 · Prepaid expenses and deferred charges
beginning of year $6,836,199 · end of year $4,882,992
-
10a · Land, buildings and equipment: cost or other basis
$765,991
-
10b · Land, buildings and equipment: accumulated depreciation
$676,755
-
10c · Land, buildings and equipment, net
beginning of year $141,125 · end of year $89,236
-
14 · Intangible assets
beginning of year $2,589,852 · end of year $1,729,955
-
15 · Other assets
beginning of year $1,517,455 · end of year $7,792
-
17 · Accounts payable and accrued expenses
beginning of year $1,915,842 · end of year $2,137,862
-
25 · Other liabilities
beginning of year $18,851,223 · end of year $15,334,630
-
31 · Retained earnings, endowment or other funds
beginning of year -$8,949,547 · end of year -$10,174,816
Mission and programs · 2022
Mission
SCHOOL IS TO GIVE STUDENTS THE KNOWLEDGE AND VALUES REQUIRED TO GRADUATE FROM A COMPETITIVE FOUR-YEAR COLLEGE BY DELIEVERING INDIVIDUALIZED INSTRUCTION, EMPHASIZING CHARACTER DEVELOPMENT AND FOSTERING RELATIONSHIPS AND FAMILIES.
Activities or mission (Part I)
THE MISSION OF THE ORGANIZATION IS TO PREPARE STUDENTS TO SUCCEED IN COLLEGE. THE PURPOSE OF THE SCHOOL IS TO GIVE STUDENTS THE KNOWLEDGE AND VALUES REQUIRED TO GRADUATE FROM ACOMPETITIVE FOUR-YEAR COLLEGE BY DELIVERING INDIVIDUALIZED INSTRUCTION, EMPHASIZING CHARACTER.
-
PREPARE STUDENTS TO SUCCEED IN COLLEGE.
Expenses $7,093,718 · Revenue $1,354,367
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Angela PerryANGELA PERRY
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jim MazarakisJIM MAZARAKIS
CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Antoinette CapriANTOINETTE CAPRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Joseph RossJOSEPH ROSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Kelly FirmentKELLY FIRMENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Ed EmmettED EMMETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Brett TaylorBRETT TAYLOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Stacey ClarkSTACEY CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Rebecca CollinsREBECCA COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Brandon BriceBRANDON BRICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Stephen SwiftSTEPHEN SWIFT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Margaret NtambiMARGARET NTAMBI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Autumn GreenAUTUMN GREEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1.5
-
Tamara PriceTAMARA PRICE
PRINCIPAL
- Total calculated
- $142,939
- From this org
- $107,252
- From related orgs
- $0
- Other
- $35,687
- Hours/week
- 40
-
Leland KentLELAND KENT
FORMER EX. D
- Total calculated
- $172,076
- From this org
- $122,100
- From related orgs
- $0
- Other
- $49,976
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $122,100
- Bonus
- not reported
- Other
- not reported
- Deferred
- $27,619
- Nontaxable benefits
- $22,357
- Filer's total
- $172,076
-
Laretha OdumosuLARETHA ODUMOSU
INTERIM EX.
- Total calculated
- $0
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349310465
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