Totals
- Total revenue
- $20,597,078
- Total expenses
- $16,141,006
- Contributions and grants received
- $14,880,506
- Grants paid
- $0
- Program service revenue
- $86,998
- Investment income
- $5,605,015
- Other revenue
- $24,559
- Total assets, end of year
- $44,121,049
- Total liabilities, end of year
- $42,427,449
- Net assets or fund balances, end of year
- $1,693,600
- Program services expenses (Part IX)
- $12,554,475
- Management and general expenses
- $3,586,531
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,554,475
Program services were 77.8% 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)
$14,222,315
-
1f · All other contributions, gifts and grants
$658,191
-
2a · Program service revenue: AFTER SCHOOL CARE
total $58,753 · related or exempt $58,753
-
2b · Program service revenue: STUDENT ACTIVITIES & FEES
total $28,245 · related or exempt $28,245
-
3 · Investment income
total $531,409 · excluded $531,409
-
7a · Gross sales of assets other than inventory
other assets $5,073,606
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $5,073,606
-
7d · Net gain or loss
total $5,073,606 · excluded $5,073,606
-
11a · Other revenue: SALES TAX REFUND
total $14,438 · related or exempt $14,438
-
11b · Other revenue: MISCELLANEOUS
total $10,121 · related or exempt $10,121
-
11e · Other revenue, total
$24,559
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $141,544 · program services $110,093 · management and general $31,451
-
7 · Other salaries and wages
total $6,537,615 · program services $5,084,957 · management and general $1,452,658
-
8 · Pension plan contributions
total $16,411 · program services $12,764 · management and general $3,647
-
9 · Other employee benefits
total $3,011,158 · program services $2,342,079 · management and general $669,079
-
10 · Payroll taxes
total $489,879 · program services $381,028 · management and general $108,851
-
11b · Fees: legal
total $71,957 · program services $55,968 · management and general $15,989
-
11c · Fees: accounting
total $12,200 · program services $9,489 · management and general $2,711
-
11g · Fees: other
total $1,671,840 · program services $1,300,357 · management and general $371,483
-
12 · Advertising and promotion
total $81,277 · program services $63,217 · management and general $18,060
-
13 · Office expenses
total $62,164 · program services $48,351 · management and general $13,813
-
14 · Information technology
total $1,212 · program services $943 · management and general $269
-
16 · Occupancy
total $922,582 · program services $717,584 · management and general $204,998
-
17 · Travel
total $347,258 · program services $270,097 · management and general $77,161
-
19 · Conferences, conventions and meetings
total $84,597 · program services $65,800 · management and general $18,797
-
20 · Interest
total $1,221,928 · program services $950,416 · management and general $271,512
-
22 · Depreciation, depletion and amortization
total $551,337 · program services $428,830 · management and general $122,507
-
23 · Insurance
total $103,109 · program services $80,198 · management and general $22,911
-
24a · Other expenses: ADMIN EXP
total $356,010 · program services $276,905 · management and general $79,105
-
24b · Other expenses: TEXTBOOKS & SUPPLIES
total $334,588 · program services $260,243 · management and general $74,345
-
24c · Other expenses: NON-CAP EQUIP
total $72,600 · program services $56,468 · management and general $16,132
-
24d · Other expenses: NUTRITION
total $49,740 · program services $38,688 · management and general $11,052
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $115,156 · end of year $8,540,181
-
2 · Savings and temporary cash investments
beginning of year $22,515,369 · end of year $8,879,087
-
3 · Pledges and grants receivable
end of year $442,928
-
4 · Accounts receivable
beginning of year $650,381 · end of year $15,803
-
9 · Prepaid expenses and deferred charges
beginning of year $1,882,854 · end of year $45,618
-
10a · Land, buildings and equipment: cost or other basis
$20,688,697
-
10b · Land, buildings and equipment: accumulated depreciation
$918,593
-
10c · Land, buildings and equipment, net
beginning of year $5,118,553 · end of year $19,770,104
-
15 · Other assets
beginning of year $5,129,416 · end of year $6,427,328
-
17 · Accounts payable and accrued expenses
beginning of year $61,424 · end of year $2,836,238
-
19 · Deferred revenue
beginning of year $350,000
-
25 · Other liabilities
beginning of year $37,762,777 · end of year $39,591,211
-
27 · Net assets without donor restrictions
beginning of year -$2,762,472 · end of year -$7,185,487
-
28 · Net assets with donor restrictions
end of year $8,879,087
Mission and programs · 2024
Mission
NORTH CAROLINA NON-PROFIT OPERATING A K THROUGH 12TH GRADE PUBLIC CHARTER SCHOOL.
Activities or mission (Part I)
NORTH CAROLINA NON-PROFIT OPERATING A K-12TH GRADE PUBLIC CHARTER SCHOOL.
-
OPERATION OF A PUBLIC CHARTER SCHOOL IN DURHAM, NC FOR STUDENTS GRADES K TRHOUGH 12TH GRADE SERVING APPROXIMATELY 1,009 STUDENTS.
Expenses $12,554,475 · Revenue $111,557
As filed on the 2024 return.
Listed in Part VII
-
Elizabeth MoreyELIZABETH MOREY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Preston EdwardsPRESTON EDWARDS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Gwendolyn WickerGWENDOLYN WICKER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cary CainCARY CAIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Matt LeseskyMATT LESESKY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Ernesto LambertERNESTO LAMBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff MillerJEFF MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard FordRICHARD FORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark BaileyMARK BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alexander QuigleyALEXANDER QUIGLEY
EXECUTIVE DIRECTOR
- Total calculated
- $141,544
- From this org
- $141,544
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611249349300636
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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