Totals
- Total revenue
- $4,001,107
- Total expenses
- $4,013,863
- Contributions and grants received
- $769,753
- Grants paid
- $0
- Program service revenue
- $3,231,354
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $270,184
- Total liabilities, end of year
- $127,856
- Net assets or fund balances, end of year
- $142,328
- Program services expenses (Part IX)
- $3,133,031
- Management and general expenses
- $880,832
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,133,031
Program services were 78.1% 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)
$115,405
-
1f · All other contributions, gifts and grants
$654,348
-
2a · Program service revenue: State appropriations
total $2,214,392
-
2b · Program service revenue: County appropriations
total $694,209
-
2c · Program service revenue: Other program service revenues
total $322,753
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,415,549 · program services $2,051,274 · management and general $364,275
-
8 · Pension plan contributions
total $60,794 · program services $51,368 · management and general $9,426
-
9 · Other employee benefits
total $307,799 · program services $289,340 · management and general $18,459
-
10 · Payroll taxes
total $176,884 · program services $151,439 · management and general $25,445
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $46,191 · management and general $46,191
-
11c · Fees: accounting
total $725 · management and general $725
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $5,429 · management and general $5,429
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $62,507 · program services $50,006 · management and general $12,501
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $13,533 · program services $10,150 · management and general $3,383
-
23 · Insurance
total $50,387 · management and general $50,387
-
24a · Other expenses: Contracted student services
total $238,523 · program services $95,344 · management and general $143,179
-
24b · Other expenses: Supplies, Materials, Textbooks etc
total $454,392 · program services $434,110 · management and general $20,282
-
24c · Other expenses: Repairs and maintenance
total $181,150 · management and general $181,150
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,331 · end of year $148,563
-
4 · Accounts receivable
beginning of year $57,006 · end of year $37,599
-
9 · Prepaid expenses and deferred charges
beginning of year $7,189 · end of year $41,026
-
10a · Land, buildings and equipment: cost or other basis
$202,164
-
10b · Land, buildings and equipment: accumulated depreciation
$159,168
-
10c · Land, buildings and equipment, net
beginning of year $56,529 · end of year $42,996
-
15 · Other assets
beginning of year $14,552
-
17 · Accounts payable and accrued expenses
beginning of year $23,345 · end of year $49,476
-
19 · Deferred revenue
beginning of year $27,178 · end of year $78,380
-
27 · Net assets without donor restrictions
beginning of year $155,084 · end of year $142,328
Mission and programs · 2022
Mission
Operation of a North Carolina public charter school.
-
Operated as a public charter school in Cashiers, North Carolina serving approximately 284 students for the fiscal year ended June 30, 2023.
Expenses $3,133,031
As filed on the 2022 return.
Listed in Part VII
-
Kurt Pusch
Head of School
- Total calculated
- $181,136
- From this org
- $181,136
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $181,136
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $181,136
-
Andrea Chalker
K-8 Principal
- Total calculated
- $108,398
- From this org
- $108,398
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Boris Krueger
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Mark Letson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
David Billingsley
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Erika Mason
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Jason Chick
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Charlie Crawford
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Elisabeth Hoffman
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Kristina Newsom
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Michelle Clement
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Tracie Jernigan
Board member
- Total calculated
- $0
- Hours/week
- 0.75
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 · Written employment contract
- 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
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.
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.
-
Summit Charter School Foundation
501c3 · Support · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401159349301040
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.