Totals
- Total revenue
- $2,300,983
- Total expenses
- $2,464,134
- Contributions and grants received
- $115,298
- Grants paid
- $0
- Program service revenue
- $2,185,685
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,709,549
- Total liabilities, end of year
- $3,656,417
- Net assets or fund balances, end of year
- $53,132
- Program services expenses (Part IX)
- $1,870,548
- Management and general expenses
- $593,586
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,870,548
Program services were 75.9% 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)
$110,806
-
1f · All other contributions, gifts and grants
$4,492
-
2a · Program service revenue: State of North Carolina
total $1,265,911
-
2b · Program service revenue: Local Education Agencies
total $574,800
-
2c · Program service revenue: Child Care
total $30,136
-
2d · Program service revenue: Miscellaneous
total $314,838
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 $992,048 · program services $875,715 · management and general $116,333
-
8 · Pension plan contributions
total $5,650 · program services $5,487 · management and general $163
-
9 · Other employee benefits
total $73,500 · program services $65,233 · management and general $8,267
-
10 · Payroll taxes
total $73,293 · program services $65,365 · management and general $7,928
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $31,868 · management and general $31,868
-
11c · Fees: accounting
total $8,110 · management and general $8,110
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $26,690 · management and general $26,690
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $270,374 · program services $216,299 · management and general $54,075
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $79,186 · management and general $79,186
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $419,389 · program services $377,450 · management and general $41,939
-
23 · Insurance
total $24,264 · management and general $24,264
-
24a · Other expenses: Contracted Student Services
total $297,194 · program services $142,809 · management and general $154,385
-
24b · Other expenses: Supplies, Textbooks, etc
total $162,568 · program services $122,190 · management and general $40,378
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $103,428 · end of year $312,919
-
3 · Pledges and grants receivable
beginning of year $282,449 · end of year $68,405
-
9 · Prepaid expenses and deferred charges
beginning of year $14,410 · end of year $3,846
-
10a · Land, buildings and equipment: cost or other basis
$4,164,515
-
10b · Land, buildings and equipment: accumulated depreciation
$840,136
-
10c · Land, buildings and equipment, net
beginning of year $3,743,768 · end of year $3,324,379
-
17 · Accounts payable and accrued expenses
beginning of year $22,133 · end of year $27,250
-
23 · Secured mortgages and notes payable
beginning of year $3,781,382 · end of year $3,512,910
-
24 · Unsecured notes and loans payable
beginning of year $124,257 · end of year $116,257
-
27 · Net assets without donor restrictions
beginning of year $216,283 · end of year $53,132
Mission and programs · 2023
Mission
Operation of a public charter school.
-
Operation of a charter school in Charlotte, North Carolina, serving approximately 154 students in grades kindergarten through 5th grade for the fiscal year ended June 30, 2024.
Expenses $1,870,548
As filed on the 2023 return.
Listed in Part VII
-
Dr Jian Zhang
Board Chair
- Total calculated
- $0
- Hours/week
- 2
-
Mr Shaday Agosto-Vazquez
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
-
Si Blake
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Mrs Sue Tyle
Board Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Mr Lin Wang
Board Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Dr Victor Mack
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Jianguo Liu
Board Trustee
- Total calculated
- $0
- Hours/week
- 2
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
- 9 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433449349300508
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.