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← WOODS CHARTER SCHOOL COMPANY

Form 990 for tax year 2023

Filed by WOODS CHARTER SCHOOL COMPANY.

Totals

Total revenue
$7,564,293
Total expenses
$6,933,483
Contributions and grants received
$6,887,044
Grants paid
$0
Program service revenue
$562,332
Investment income
$39,635
Other revenue
$75,282
Total assets, end of year
$11,193,361
Total liabilities, end of year
$5,950,948
Net assets or fund balances, end of year
$5,242,413
Program services expenses (Part IX)
$6,223,731
Management and general expenses
$709,752
Fundraising expenses
$0
Program service expenses (Part III)
$6,223,731

Program services were 89.8% 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

    $506,336

  • 1e · Government grants (contributions)

    $6,380,708

  • 2a · Program service revenue: SCHOOL ACTIVITIES

    total $278,089 · related or exempt $278,089

  • 2b · Program service revenue: FOOD SERVICE

    total $175,113 · related or exempt $175,113

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

    total $109,130 · related or exempt $109,130

  • 3 · Investment income

    total $39,635 · excluded $39,635

  • 6a · Gross rents

    real property $51,379

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $51,379

  • 6d · Net rental income or loss

    total $51,379 · related or exempt $51,379

  • 11a · Other revenue: SALES TAX REFUND

    total $18,016 · related or exempt $18,016

  • 11b · Other revenue: OTHER REVENUE

    total $5,887 · related or exempt $5,887

  • 11e · Other revenue, total

    $23,903

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $95,093 · program services $85,359 · management and general $9,734

  • 7 · Other salaries and wages

    total $4,366,575 · program services $3,919,587 · management and general $446,988

  • 8 · Pension plan contributions

    total $133,836 · program services $120,136 · management and general $13,700

  • 9 · Other employee benefits

    total $468,611 · program services $420,641 · management and general $47,970

  • 10 · Payroll taxes

    total $325,665 · program services $292,328 · management and general $33,337

  • 11b · Fees: legal

    total $12,239 · program services $10,986 · management and general $1,253

  • 11c · Fees: accounting

    total $11,500 · program services $10,323 · management and general $1,177

  • 11g · Fees: other

    total $433,731 · program services $389,332 · management and general $44,399

  • 12 · Advertising and promotion

    total $4,764 · program services $4,276 · management and general $488

  • 13 · Office expenses

    total $42,933 · program services $38,538 · management and general $4,395

  • 14 · Information technology

    total $99,300 · program services $89,135 · management and general $10,165

  • 16 · Occupancy

    total $85,163 · program services $76,445 · management and general $8,718

  • 17 · Travel

    total $84,988 · program services $76,288 · management and general $8,700

  • 19 · Conferences, conventions and meetings

    total $37,416 · program services $33,586 · management and general $3,830

  • 20 · Interest

    total $193,314 · program services $173,525 · management and general $19,789

  • 22 · Depreciation, depletion and amortization

    total $271,222 · program services $243,458 · management and general $27,764

  • 23 · Insurance

    total $37,566 · program services $33,721 · management and general $3,845

  • 24a · Other expenses: BOOKS AND SUPLIES

    total $157,950 · program services $141,781 · management and general $16,169

  • 24b · Other expenses: FOOD PURCHASES

    total $34,083 · program services $30,594 · management and general $3,489

  • 24c · Other expenses: NON-CAPITALIZED EQUIPME

    total $18,016 · program services $16,172 · management and general $1,844

  • 24d · Other expenses: SALES TAX

    total $16,966 · program services $15,229 · management and general $1,737

  • 24e · All other expenses

    total $2,552 · program services $2,291 · management and general $261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,125,325 · end of year $1,576,735

  • 2 · Savings and temporary cash investments

    beginning of year $3,157,190 · end of year $3,260,874

  • 4 · Accounts receivable

    beginning of year $17,558 · end of year $78,801

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,749 · end of year $47,412

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

    $10,711,750

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

    $4,528,699

  • 10c · Land, buildings and equipment, net

    beginning of year $6,431,630 · end of year $6,183,051

  • 15 · Other assets

    beginning of year $53,318 · end of year $46,488

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,588 · end of year $33,612

  • 19 · Deferred revenue

    beginning of year $23,844 · end of year $102,847

  • 23 · Secured mortgages and notes payable

    beginning of year $6,162,119 · end of year $5,814,489

  • 25 · Other liabilities

    beginning of year $17,777 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,547,442 · end of year $5,242,413

Mission and programs · 2023

Mission

OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL

  • OPERATED AS A PUBLIC CHARTER SCHOOL IN CHAPEL HILL, NORTH CAROLINA SERVING APPROXIMATELY 509 STUDENTS IN GRADES K-12 FOR THE FISCAL YEAR ENDING 6/30/2024.

    Expenses $6,223,731 · Revenue $637,614

As filed on the 2023 return.

Listed in Part VII

  • Cotton Bryan

    PRINCIPAL

    Total calculated
    $95,093
    From this org
    $95,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    38 + 2 related

  • Collette Drake

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Charmaine Terregino

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jeremy Moulton

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Doreen Messick

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Andrew Borum

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rachel McInerney

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alex Protzman

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rachel Lawrence

    FACULITY REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • William Drake

    STUDENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
8 April 2025
IRS schema version
2023v6.0
Source object
202531119349300143

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