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← WAYNE PREPARATORY ACADEMYCHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by WAYNE PREPARATORY ACADEMYCHARTER SCHOOL INC.

Totals

Total revenue
$10,693,404
Total expenses
$11,357,353
Contributions and grants received
$10,291,909
Grants paid
$0
Program service revenue
$195,701
Investment income
$0
Other revenue
$205,794
Total assets, end of year
$18,770,556
Total liabilities, end of year
$18,510,774
Net assets or fund balances, end of year
$259,782
Program services expenses (Part IX)
$11,357,353
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$11,357,353

Program services were 100.0% 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)

    $10,130,352

  • 1f · All other contributions, gifts and grants

    $161,557

  • 2a · Program service revenue: AFTER SCHOOL CHILD CARE

    total $130,679 · related or exempt $130,679

  • 2b · Program service revenue: LUNCH SERVICE

    total $65,022 · related or exempt $65,022

  • 11a · Other revenue: MISCELLANEOUS

    total $205,794 · related or exempt $205,794

  • 11e · Other revenue, total

    $205,794

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $383,047 · program services $383,047

  • 24a · Other expenses: INSTRUCTIONAL EXPENSE

    total $9,170,551 · program services $9,170,551

  • 24b · Other expenses: SUPPORT SERVICE EXPENSE

    total $1,729,206 · program services $1,729,206

  • 24c · Other expenses: CHILD CARE EXPENSE

    total $74,549 · program services $74,549

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,201,087 · end of year $986,368

  • 4 · Accounts receivable

    beginning of year $49,336 · end of year $53,167

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,964 · end of year $54,602

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

    $585,794

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

    $176,199

  • 10c · Land, buildings and equipment, net

    beginning of year $264,286 · end of year $409,595

  • 15 · Other assets

    beginning of year $19,106,989 · end of year $17,266,824

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,546 · end of year $384,881

  • 25 · Other liabilities

    beginning of year $19,335,385 · end of year $18,125,893

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $264,286 · end of year $409,595

  • 31 · Retained earnings, endowment or other funds

    beginning of year $659,445 · end of year -$149,813

Mission and programs · 2022

Mission

TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA

  • PROVIDE FACILITIES, TEACHERS, AND MATERIALS TO STUDENTS ENROLLED AT A PUBLIC CHARTER SCHOOL.

    Expenses $11,357,353 · Revenue $401,495

As filed on the 2022 return.

Listed in Part VII

  • Amanda Wells

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    5

  • Scott Mackey

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Charles Gaylor

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Cady Stanton

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Donna Scott

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • John Twitty

    MANAGING DIRECTOR

    Total calculated
    $113,676
    From this org
    $105,598
    From related orgs
    $0
    Other
    $8,078
    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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WAYNE PREPARATORY ACADEMY LP

    TO DEVELOP A NEW SCHOOL FACILITY, HIRE AND MANAGE SCHOOL PERSONNEL · NC · 51.99% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202411169349301446

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