Form 990 for tax year 2023
Filed by HENDERSON COUNTY ALLIANCE FOR EDUCATION.
Totals
- Total revenue
- $2,274,497
- Total expenses
- $2,447,596
- Contributions and grants received
- $2,151,822
- Grants paid
- $0
- Program service revenue
- $40,789
- Investment income
- $0
- Other revenue
- $81,886
- Total assets, end of year
- $2,512,607
- Total liabilities, end of year
- $4,902,672
- Net assets or fund balances, end of year
- -$2,390,065
- Program services expenses (Part IX)
- $1,986,077
- Management and general expenses
- $461,519
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,986,077
Program services were 81.1% 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)
$2,082,072
-
1f · All other contributions, gifts and grants
$69,750
-
2a · Program service revenue: Child Care
total $12,235 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Food Service
total $28,554 · unrelated business $0 · excluded $0
-
11a · Other revenue: Fines & Forfeitures
total $46,283 · related or exempt $46,283 · unrelated business $0 · excluded $0
-
11b · Other revenue: Student Activities
total $35,603 · related or exempt $35,603 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$81,886
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $67,840 · program services $67,840 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $1,177,260 · program services $1,154,760 · management and general $22,500 · fundraising $0
-
8 · Pension plan contributions
total $335,776 · program services $330,146 · management and general $5,630 · fundraising $0
-
9 · Other employee benefits
total $163,836 · program services $159,114 · management and general $4,722 · fundraising $0
-
10 · Payroll taxes
total $89,916 · program services $88,250 · management and general $1,666 · fundraising $0
-
12 · Advertising and promotion
total $7,331 · program services $0 · management and general $7,331 · fundraising $0
-
13 · Office expenses
total $21,859 · program services $10,036 · management and general $11,823 · fundraising $0
-
14 · Information technology
total $57,139 · program services $57,139 · management and general $0 · fundraising $0
-
16 · Occupancy
total $24,374 · program services $0 · management and general $24,374 · fundraising $0
-
19 · Conferences, conventions and meetings
total $9,216 · program services $9,216 · management and general $0 · fundraising $0
-
20 · Interest
total $50,751 · program services $0 · management and general $50,751 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $93,482 · program services $4,874 · management and general $88,608 · fundraising $0
-
23 · Insurance
total $3,033 · program services $0 · management and general $3,033 · fundraising $0
-
24a · Other expenses: Contracted Services
total $267,583 · program services $43,821 · management and general $223,762 · fundraising $0
-
24b · Other expenses: Non-Cap Equip & Lease
total $3,648 · program services $3,648 · management and general $0 · fundraising $0
-
24c · Other expenses: Food
total $21,644 · program services $21,644 · management and general $0 · fundraising $0
-
24d · Other expenses: Textbooks and Supplies
total $52,239 · program services $35,589 · management and general $16,650 · fundraising $0
-
24e · All other expenses
total $669 · program services $0 · management and general $669 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $161,038 · end of year $204,445
-
2 · Savings and temporary cash investments
beginning of year $283,431 · end of year $152,026
-
4 · Accounts receivable
beginning of year $18,466 · end of year $5,909
-
9 · Prepaid expenses and deferred charges
beginning of year $10,777 · end of year $24,749
-
10a · Land, buildings and equipment: cost or other basis
$2,580,503
-
10b · Land, buildings and equipment: accumulated depreciation
$1,797,042
-
10c · Land, buildings and equipment, net
beginning of year $834,476 · end of year $783,461
-
15 · Other assets
beginning of year $1,036,540 · end of year $1,342,017
-
17 · Accounts payable and accrued expenses
beginning of year $22,164 · end of year $10,893
-
19 · Deferred revenue
beginning of year $3,501 · end of year $15,363
-
23 · Secured mortgages and notes payable
beginning of year $1,185,332 · end of year $1,151,825
-
25 · Other liabilities
beginning of year $3,350,697 · end of year $3,724,591
-
27 · Net assets without donor restrictions
beginning of year -$2,216,966 · end of year -$2,023,379
-
28 · Net assets with donor restrictions
end of year -$366,686
Mission and programs · 2023
Mission
Primary Education
-
The school provides education to elementary age children for the Department of Public Instruction for the State of North Carolina through its charter school program.
Expenses $1,986,077 · Revenue $2,274,497
As filed on the 2023 return.
Listed in Part VII
-
Shalee Beddingdield
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sarah Cosgrove
Co-President
- Total calculated
- $0
- Hours/week
- 2
-
Lane Perry
Director
- Total calculated
- $0
- Hours/week
- 2
-
Rebecca Swartz
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Anthony Johnson
Executive Director
- Total calculated
- $67,840
- From this org
- $67,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Rick Prudhomme
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Aimie Burns
Co-President
- Total calculated
- $0
- Hours/week
- 2
-
Brad Ward
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Lauren TildenLAUREN TILDEN
Member
- Total calculated
- $0
- Hours/week
- 5
-
Dr Carina ErkelDR CARINA ERKEL
Member
- Total calculated
- $0
- Hours/week
- 5
-
Adam SilverbergADAM SILVERBERG
Member
- Total calculated
- $0
- Hours/week
- 5
-
Leigh PaschkeLEIGH PASCHKE
Member
- Total calculated
- $0
- Hours/week
- 5
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
- 7 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500169349302350
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