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← PIEDMONT CLASSICAL HIGH SCHOOL

Form 990 for tax year 2023

Filed by PIEDMONT CLASSICAL HIGH SCHOOL.

Totals

Total revenue
$5,361,399
Total expenses
$5,433,578
Contributions and grants received
$5,070,147
Grants paid
$0
Program service revenue
$156,496
Investment income
$80,489
Other revenue
$54,267
Total assets, end of year
$18,357,449
Total liabilities, end of year
$19,150,554
Net assets or fund balances, end of year
-$793,105
Program services expenses (Part IX)
$3,737,521
Management and general expenses
$1,696,057
Fundraising expenses
$0
Program service expenses (Part III)
$3,737,521

Program services were 68.8% 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)

    $5,068,111

  • 1f · All other contributions, gifts and grants

    $2,036

  • 2a · Program service revenue: STUDENT ACTIVITIES

    total $87,599 · related or exempt $87,599

  • 2b · Program service revenue: FOOD SERVICE

    total $68,897 · related or exempt $68,897

  • 3 · Investment income

    total $80,489 · excluded $80,489

  • 11a · Other revenue: MISCELLANEOUS

    total $37,898 · related or exempt $37,898

  • 11b · Other revenue: SALES TAX

    total $16,291 · related or exempt $16,291

  • 11c · Other revenue: FINES & FORFEITS

    total $78 · related or exempt $78

  • 11e · Other revenue, total

    $54,267

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $184,887 · program services $127,176 · management and general $57,711

  • 7 · Other salaries and wages

    total $2,222,502 · program services $1,528,762 · management and general $693,740

  • 8 · Pension plan contributions

    total $24,523 · program services $16,868 · management and general $7,655

  • 9 · Other employee benefits

    total $284,906 · program services $195,974 · management and general $88,932

  • 10 · Payroll taxes

    total $181,916 · program services $125,132 · management and general $56,784

  • 11b · Fees: legal

    total $956 · program services $658 · management and general $298

  • 11c · Fees: accounting

    total $7,800 · program services $5,365 · management and general $2,435

  • 11g · Fees: other

    total $233,005 · program services $160,274 · management and general $72,731

  • 12 · Advertising and promotion

    total $11,024 · program services $7,583 · management and general $3,441

  • 13 · Office expenses

    total $121,515 · program services $83,585 · management and general $37,930

  • 14 · Information technology

    total $51,450 · program services $35,390 · management and general $16,060

  • 16 · Occupancy

    total $81,918 · program services $56,348 · management and general $25,570

  • 17 · Travel

    total $60,970 · program services $41,939 · management and general $19,031

  • 19 · Conferences, conventions and meetings

    total $41,677 · program services $28,668 · management and general $13,009

  • 20 · Interest

    total $963,349 · program services $662,646 · management and general $300,703

  • 22 · Depreciation, depletion and amortization

    total $462,981 · program services $318,464 · management and general $144,517

  • 23 · Insurance

    total $62,912 · program services $43,274 · management and general $19,638

  • 24a · Other expenses: NUTRITION

    total $179,737 · program services $123,633 · management and general $56,104

  • 24b · Other expenses: TEXTBOOKS & SUPPLIES

    total $105,399 · program services $72,499 · management and general $32,900

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $95,022 · program services $65,361 · management and general $29,661

  • 24d · Other expenses: NON-CAP EQUIPMENT

    total $50,078 · program services $34,446 · management and general $15,632

  • 24e · All other expenses

    total $5,051 · program services $3,476 · management and general $1,575

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $619,311 · end of year $652,270

  • 2 · Savings and temporary cash investments

    beginning of year $1,360,337 · end of year $1,425,827

  • 4 · Accounts receivable

    beginning of year $146,880 · end of year $179,230

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,408 · end of year $29,268

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

    $17,704,753

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

    $1,633,899

  • 10c · Land, buildings and equipment, net

    beginning of year $16,468,406 · end of year $16,070,854

  • 15 · Other assets

    beginning of year $27,740 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,123 · end of year $57,357

  • 19 · Deferred revenue

    beginning of year $481

  • 23 · Secured mortgages and notes payable

    beginning of year $19,309,404 · end of year $19,093,197

  • 27 · Net assets without donor restrictions

    beginning of year -$720,926 · end of year -$793,105

Mission and programs · 2023

Mission

EDUCATION AS A PUBLIC CHARTER SCHOOL

Activities or mission (Part I)

EDUCATION AS A PUBLIC CHARTER SCHOOL.

  • OPERATION OF A PUBLIC CHARTER SCHOOL IN BROWNS SUMMIT, NORTH CAROLINA, FOR STUDENTS IN GRADES 9 THROUGH 12, SERVING APPROXIMATELY 444 STUDENTS IN THE FISCAL YEAR ENDED JUNE 30, 2024.

    Expenses $3,737,521 · Revenue $210,763

As filed on the 2023 return.

Listed in Part VII

  • John Fink

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Scott Meyers

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Margaret Chase

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mike Stainback

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michelle Townsend

    PARENT REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    2

  • Travis Ward

    PRINCIPAL

    Total calculated
    $184,887
    From this org
    $184,887
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,887
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $184,887

  • Angela Jackson

    DIRECTOR OF OPERATIONS

    Total calculated
    $103,824
    From this org
    $103,824
    From related orgs
    $0
    Other
    $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

  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR TOP OFFICALS AND KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON A REVIEW OF AREA COMPARABILITY DATA AND THE INDIVIDUAL'S EXPERIENCE AND EXPERTISE.

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
2023
Filed
30 April 2025
IRS schema version
2023v6.0
Source object
202531409349301243

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