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Nonprofiteer
← CHARLOTTE SECONDARY SCHOOL INC

Form 990 for tax year 2023

Filed by CHARLOTTE SECONDARY SCHOOL INC.

Totals

Total revenue
$2,267,408
Total expenses
$1,786,047
Contributions and grants received
$2,242,128
Grants paid
$0
Program service revenue
$1,522
Investment income
$4,781
Other revenue
$18,977
Total assets, end of year
$2,417,134
Total liabilities, end of year
$6,477,797
Net assets or fund balances, end of year
-$4,060,663
Program services expenses (Part IX)
$1,327,412
Management and general expenses
$458,635
Fundraising expenses
$0
Program service expenses (Part III)
$1,327,412

Program services were 74.3% 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)

    $2,202,476

  • 1f · All other contributions, gifts and grants

    $39,652

  • 2a · Program service revenue: STUDENT ACTIVITIES

    total $870 · related or exempt $870

  • 2b · Program service revenue: FOOD SERVICES

    total $652 · related or exempt $652

  • 3 · Investment income

    total $4,781 · excluded $4,781

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $11,231 · related or exempt $11,231

  • 11b · Other revenue: SALES TAX REFUNDS

    total $7,746 · related or exempt $7,746

  • 11e · Other revenue, total

    $18,977

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,194,727 · program services $887,936 · management and general $306,791

  • 8 · Pension plan contributions

    total $274,137 · program services $203,742 · management and general $70,395

  • 9 · Other employee benefits

    total $151,286 · program services $112,438 · management and general $38,848

  • 10 · Payroll taxes

    total $91,313 · program services $67,865 · management and general $23,448

  • 11c · Fees: accounting

    total $9,000 · program services $6,689 · management and general $2,311

  • 11g · Fees: other

    total $158,637 · program services $117,901 · management and general $40,736

  • 12 · Advertising and promotion

    total $2,960 · program services $2,200 · management and general $760

  • 13 · Office expenses

    total $15,682 · program services $11,655 · management and general $4,027

  • 14 · Information technology

    total $34,932 · program services $25,962 · management and general $8,970

  • 16 · Occupancy

    total $131,809 · program services $97,962 · management and general $33,847

  • 17 · Travel

    total $9,557 · program services $7,103 · management and general $2,454

  • 20 · Interest

    total $113,552 · program services $84,393 · management and general $29,159

  • 22 · Depreciation, depletion and amortization

    total $300,843 · program services $223,590 · management and general $77,253

  • 23 · Insurance

    total $35,060 · program services $26,057 · management and general $9,003

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $52,629 · program services $39,114 · management and general $13,515

  • 24b · Other expenses: SUPPLIES & MATERIALS

    total $16,957 · program services $12,603 · management and general $4,354

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $14,411 · program services $10,710 · management and general $3,701

  • 24d · Other expenses: PENSION PLAN

    total -$821,445 · program services -$610,508 · management and general -$210,937

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $516,350 · end of year $176,623

  • 2 · Savings and temporary cash investments

    beginning of year $50,134 · end of year $51,401

  • 4 · Accounts receivable

    beginning of year $3,844 · end of year $4,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,706 · end of year $45,508

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

    $1,665,716

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

    $1,665,716

  • 10c · Land, buildings and equipment, net

    beginning of year $44,585 · end of year $0

  • 15 · Other assets

    beginning of year $2,516,000 · end of year $2,139,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,378 · end of year $72,981

  • 23 · Secured mortgages and notes payable

    beginning of year $660,237 · end of year $594,079

  • 25 · Other liabilities

    beginning of year $6,990,028 · end of year $5,810,737

  • 27 · Net assets without donor restrictions

    beginning of year -$4,592,158 · end of year -$4,112,064

  • 28 · Net assets with donor restrictions

    beginning of year $50,134 · end of year $51,401

Mission and programs · 2023

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL.

  • OPERATED AS A PUBLIC CHATER SCHOOL IN CHARLOTTE, NC SERVING APPROXIMATELY 185 STUDENTS FOR THE FISCAL YEAR ENDED 6/30/24.

    Expenses $1,327,412 · Revenue $20,499

As filed on the 2023 return.

Listed in Part VII

  • Paul Sagoo

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Angela Bass

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gerald Bellamy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Rudick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charise Blackmon

    DIRECTOR

    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
2023
Filed
1 April 2025
IRS schema version
2023v6.0
Source object
202500919349301800

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