Totals
- Total revenue
- $6,039,926
- Total expenses
- $6,306,396
- Contributions and grants received
- $5,773,178
- Grants paid
- $0
- Program service revenue
- $266,748
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $14,202,467
- Total liabilities, end of year
- $14,615,476
- Net assets or fund balances, end of year
- -$413,009
- Program services expenses (Part IX)
- $4,025,641
- Management and general expenses
- $2,280,755
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,025,641
Program services were 63.8% 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.
-
1e · Government grants (contributions)
$5,701,499
-
1f · All other contributions, gifts and grants
$71,679
-
2a · Program service revenue: PUPIL ACTIVITIES
total $212,077 · related or exempt $212,077
-
2b · Program service revenue: STUDENT FEES
total $54,671 · related or exempt $54,671
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $200,000 · management and general $200,000
-
11b · Fees: legal
total $44,957 · management and general $44,957
-
11c · Fees: accounting
total $35,155 · management and general $35,155
-
12 · Advertising and promotion
total $34,768 · management and general $34,768
-
13 · Office expenses
total $21,860 · management and general $21,860
-
14 · Information technology
total $61,759 · management and general $61,759
-
16 · Occupancy
total $509,912 · program services $254,956 · management and general $254,956
-
17 · Travel
total $7,803 · management and general $7,803
-
20 · Interest
total $14,852 · management and general $14,852
-
22 · Depreciation, depletion and amortization
total $1,057,312 · program services $845,850 · management and general $211,462
-
23 · Insurance
total $32,459 · management and general $32,459
-
24a · Other expenses: CONTRACTED SCHOOL PERSO
total $2,962,968 · program services $1,928,022 · management and general $1,034,946
-
24b · Other expenses: PUPIL ACTIVITY COSTS
total $717,997 · program services $717,997
-
24c · Other expenses: DEFERRED MANAGEMENT FEE
total $318,715 · management and general $318,715
-
24d · Other expenses: INSTRUCTIONAL SERVICES
total $232,146 · program services $232,146
-
24e · All other expenses
total $53,733 · program services $46,670 · management and general $7,063
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $145,051 · end of year $677,719
-
3 · Pledges and grants receivable
end of year $2,750
-
9 · Prepaid expenses and deferred charges
beginning of year $3,210 · end of year $284,069
-
10a · Land, buildings and equipment: cost or other basis
$466,132
-
10b · Land, buildings and equipment: accumulated depreciation
$39,303
-
10c · Land, buildings and equipment, net
beginning of year $40,660 · end of year $426,829
-
14 · Intangible assets
end of year $12,699,869
-
15 · Other assets
beginning of year $81,946 · end of year $111,231
-
17 · Accounts payable and accrued expenses
beginning of year $84,218 · end of year $108,111
-
19 · Deferred revenue
end of year $157,990
-
23 · Secured mortgages and notes payable
beginning of year $107,000 · end of year $13,459,640
-
25 · Other liabilities
beginning of year $292,528 · end of year $889,735
-
29 · Capital stock, trust principal or current funds
beginning of year -$212,879 · end of year -$413,009
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
MVP'S MISSION IS TO CAST THE NEXT GENERATION OF SPORTS AND ENTERTAINMENT INDUSTRY STARS. MVP WILL ACHIEVE ITS MISSION THROUGH PERSONALIZED PATHWAYS, INNOVATIVE INSTRUCTION, AND PROFESSIONAL EXPERIENCES THAT WILL PREPARE STUDENTS FOR COLLEGE AND CAREER SUCCESS.
-
CAREER AND TECHNICAL EDUCATION:MVP IS A 7TH-12TH CAREER AND TECHNICAL EDUCATION SCHOOL WITH A FOCUS ON THE SPORTS AND ENTERTAINMENT INDUSTRY. STUDENTS HAVE THE OPPORTUNITY TO DECIDE THEIR CAREER PATH AND BECOME A COMPLETER IN THE CAREER CLUSTER OF THEIR CHOICE. THESE CAREERS INCLUDE ATHLETIC TRAINING, DIGITAL MEDIA, SPORTS MANAGEMENT, BROADCASTING, AND SPORTS MARKETING.
Expenses $1,341,881 · Revenue $266,748
-
DUAL ENROLLMENT:MVP PARTNERS WITH SPARTANBURG COMMUNITY COLLEGE TO PROVIDE STUDENTS WITH UP TO 60 COLLEGE CREDITS WHILE STILL IN HIGH SCHOOL. MVP STUDENTS CAN START THEIR COLLEGE CAREER AS A SOPHOMORE IN HIGH SCHOOL WITH TWO COLLEGE CLASSES PER SEMESTER. THEIR JUNIOR AND SENIOR YEAR THEY ARE CONSIDERED FULL TIME COLLEGE STUDENT TAKING 12 HOURS PER SEMESTER.
Expenses $1,341,880
-
FOCUS FRIDAY:THE WEEKLY SCHEDULE AT MVP IS FOUR DAYS OF INSTRUCTION WITH FRIDAY BEING A VARYING SCHEDULE BY STUDENT AND TEACHER NEED. STUDENTS WHO NEED TO WORK ON PROJECTS, TAKE ASSESSMENTS, RECEIVE TUTORING, ATTEND REMEDIATION SESSIONS ATTEND SCHOOL ON FRIDAY. IF NONE OF THOSE THINGS APPLY, THEY MAY WORK FROM HOME. TEACHERS WILL BE PRESENT TO ATTEND TO THE STUDENTS' NEEDS AND RECEIVE PROFESSIONAL DEVELOPMENT. STUDENTS WHO HAVE SPENT THEIR JUNIOR HIGH AND HIGH SCHOOL YEARS WITH FLEXIBLE SCHEDULES ARE PREPARED FOR THE COLLEGE TRANSITION, UNDERSTANDING THE SELF-DISCIPLINE REQUIRED TO BE SUCCESSFUL AT THE NEXT LEVEL.
Expenses $1,341,880
As filed on the 2024 return.
Listed in Part VII
-
Jimmy StatonJIMMY STATON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jamie SmithJAMIE SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Halie MartinHALIE MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Freddie BrownFREDDIE BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike MorrisonMIKE MORRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Crystal BrownCRYSTAL BROWN
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
T2 CHARTERS LLC
S · EDUCATION MANAGEMENT ORGANIZATION · SC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640519349300109
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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