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← PDYF SUCCESS INSTITUTE CHARTER SCHOOL

Form 990 for tax year 2024

Filed by PDYF SUCCESS INSTITUTE CHARTER SCHOOL.

Totals

Total revenue
$1,442,941
Total expenses
$1,529,633
Contributions and grants received
$1,437,640
Grants paid
$0
Program service revenue
$0
Investment income
$5,301
Other revenue
$0
Total assets, end of year
$400,553
Total liabilities, end of year
$473,464
Net assets or fund balances, end of year
-$72,911
Program services expenses (Part IX)
$946,790
Management and general expenses
$582,843
Fundraising expenses
$0
Program service expenses (Part III)
$946,790

Program services were 61.9% 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)

    $1,284,128

  • 1f · All other contributions, gifts and grants

    $153,512

  • 3 · Investment income

    total $5,301 · excluded $5,301

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $653,391 · program services $477,761 · management and general $175,630

  • 8 · Pension plan contributions

    total $249,629 · program services $174,862 · management and general $74,767

  • 9 · Other employee benefits

    total $63,725 · program services $46,861 · management and general $16,864

  • 10 · Payroll taxes

    total $50,246 · program services $36,795 · management and general $13,451

  • 11c · Fees: accounting

    total $7,000 · program services $3,500 · management and general $3,500

  • 13 · Office expenses

    total $4,735 · management and general $4,735

  • 22 · Depreciation, depletion and amortization

    total $2,878 · program services $1,439 · management and general $1,439

  • 23 · Insurance

    total $36,880 · program services $11,018 · management and general $25,862

  • 24a · Other expenses: CONTRACTED SERVICES

    total $135,744 · program services $53,969 · management and general $81,775

  • 24b · Other expenses: FOOD SERVICE

    total $124,420 · management and general $124,420

  • 24c · Other expenses: RENTALS/LEASES

    total $67,167 · program services $57,092 · management and general $10,075

  • 24d · Other expenses: SUPPLIES

    total $30,767 · program services $12,703 · management and general $18,064

  • 24e · All other expenses

    total $103,051 · program services $70,790 · management and general $32,261

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,775 · end of year $17,720

  • 4 · Accounts receivable

    beginning of year $2,883 · end of year $1,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $374,631 · end of year $371,324

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

    $75,411

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

    $65,811

  • 10c · Land, buildings and equipment, net

    beginning of year $12,743 · end of year $9,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $384,704 · end of year $472,128

  • 25 · Other liabilities

    beginning of year $2,547 · end of year $1,336

  • 27 · Net assets without donor restrictions

    beginning of year $13,781 · end of year -$72,911

Mission and programs · 2024

Mission

EDUCATION OF STUDENTS IN GRADES K THROUGH 8

Activities or mission (Part I)

PROVIDING EDUCATION OF STUDENTS IN GRADES K THROUGH 8

  • OPERATED AS A CHARTER SCHOOL IN STATESVILLE, NC SERVING APPROXIMATELY 100 STUDENTS IN GRADES K THROUGH 8

    Expenses $946,790

As filed on the 2024 return.

Listed in Part VII

  • Nakayla Griffin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nicole Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Annette Houston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fredrick Foster

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dietrich Danner

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Shadrach Martin Principal

    NON-VOTING MEMBER

    Total calculated
    $77,108
    From this org
    $77,108
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Judy Whitehead

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roshonda Cowan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tenna Williams Executive Dir

    NON-VOTING MEMBER

    Total calculated
    $94,056
    From this org
    $94,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • Glenn Usry Founder

    NON-VOTING 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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 April 2026
IRS schema version
2024v5.5
Source object
202631009349300613

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