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Nonprofiteer
← UNITY CLASSICAL CHARTER SCHOOL

Form 990 for tax year 2023

Filed by UNITY CLASSICAL CHARTER SCHOOL.

Totals

Total revenue
$14,677,729
Total expenses
$12,615,360
Contributions and grants received
$7,908,024
Grants paid
$0
Program service revenue
$269,725
Investment income
$70,871
Other revenue
$6,429,109
Total assets, end of year
$106,564,616
Total liabilities, end of year
$103,779,552
Net assets or fund balances, end of year
$2,785,064
Program services expenses (Part IX)
$7,411,864
Management and general expenses
$5,203,496
Fundraising expenses
$0
Program service expenses (Part III)
$7,411,864

Program services were 58.8% 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)

    $7,788,885

  • 1f · All other contributions, gifts and grants

    $119,139

  • 2a · Program service revenue: IDEA VI

    total $269,725 · related or exempt $269,725

  • 3 · Investment income

    total $70,871 · excluded $70,871

  • 11a · Other revenue: OTHER

    total $3,338,591 · related or exempt $3,338,591

  • 11b · Other revenue: UNITY HOLDING

    total $3,090,518 · related or exempt $3,090,518

  • 11e · Other revenue, total

    $6,429,109

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $99,698 · program services $99,698

  • 7 · Other salaries and wages

    total $4,320,027 · program services $4,194,685 · management and general $125,342

  • 8 · Pension plan contributions

    total $12,058 · program services $12,058

  • 9 · Other employee benefits

    total $479,053 · program services $461,550 · management and general $17,503

  • 10 · Payroll taxes

    total $326,980 · program services $317,499 · management and general $9,481

  • 11g · Fees: other

    total $839,128 · program services $147,179 · management and general $691,949

  • 12 · Advertising and promotion

    total $23,082 · management and general $23,082

  • 13 · Office expenses

    total $528,464 · program services $500,232 · management and general $28,232

  • 14 · Information technology

    total $38,096 · program services $8,614 · management and general $29,482

  • 16 · Occupancy

    total $2,238,258 · program services $717 · management and general $2,237,541

  • 20 · Interest

    total $1,856,013 · management and general $1,856,013

  • 22 · Depreciation, depletion and amortization

    total $1,544,330 · program services $1,544,330

  • 23 · Insurance

    total $50,239 · management and general $50,239

  • 24a · Other expenses: OTHER EXPENSES

    total $259,934 · program services $125,302 · management and general $134,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,587,889 · end of year $5,085,387

  • 3 · Pledges and grants receivable

    beginning of year $94,940 · end of year $17,855

  • 4 · Accounts receivable

    end of year $38,133,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,299 · end of year $93,012

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

    $27,653,356

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

    $594,764

  • 10c · Land, buildings and equipment, net

    beginning of year $630,602 · end of year $27,058,592

  • 14 · Intangible assets

    beginning of year $17,286,280 · end of year $36,176,003

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,746 · end of year $1,281,677

  • 19 · Deferred revenue

    end of year $36,176,003

  • 24 · Unsecured notes and loans payable

    end of year $29,172,848

  • 25 · Other liabilities

    beginning of year $18,864,569 · end of year $37,149,024

  • 27 · Net assets without donor restrictions

    beginning of year $722,695 · end of year $2,785,064

Mission and programs · 2023

Mission

THROUGH CLASSICAL EDUCATION'S RIGOR, WE STRIVE TO DEVELOP INTELLECTUALLY, MORALLY, AND PHYSICALLY EXCELLENT CITIZENS WHO EMBRACE LEARNING AND THE DESIRE TO SERVE.

  • CORE KNOWLEDGE: ALL TEACHERS IN GRADES K - 8TH GRADE HAVE IMPLEMENTED USING CORE KNOWLEDGE FOR ALL OF OUR SOCIAL STUDIES AND SCIENCE NEEDS.

    Expenses $7,411,864

  • CORE KNOWLEDGE LANGUAGE ARTS: THIS LANGUAGE ARTS PROGRAM HAS BEEN COMPLETELY IMPLEMENTED BY ALL TEACHERS IN ALL CLASSROOMS SERVING K-8TH GRADE. FURTHERMORE, IT IS ALSO BEING UTILIZED IN OUR EXCEPTIONAL CHILDREN (EC) CLASSROOMS. THIS INCLUDES NOT ONLY THE INSTRUCTIONAL SECTIONS, BUT ASSESSMENT, INTERVENTION, REMEDIATION, AND ENRICHMENT SECTIONS AS WELL.

  • SINGAPORE MATH: THIS MATH CURRICULUM HAS BEEN COMPLETELY IMPLEMENTED BY ALL TEACHERS IN ALL CLASSROOMS SERVING K-8TH GRADE. FURTHERMORE, IT IS ALSO BEING UTILIZED IN OUR EXCEPTIONAL CHILDREN (EC) CLASSROOMS. THIS INCLUDES NOT ONLY THE INSTRUCTIONAL SECTIONS, BUT ASSESSMENT, INTERVENTION, REMEDIATION, AND ENRICHMENT SECTIONS AS WELL.

As filed on the 2023 return.

Listed in Part VII

  • Jason Cole

    BOARD MEMBER

    Total calculated
    $0

  • Dana Goldfarb

    TREASURER

    Total calculated
    $0

  • Marty McCarthy

    VICE PRESIDE

    Total calculated
    $0

  • Linda Rakvic

    BOARD MEMBER

    Total calculated
    $0

  • Giovanni Trianna

    BOARD MEMBER

    Total calculated
    $0

  • Susan Walker

    PRESIDENT

    Total calculated
    $0

  • Joe C Young

    SECRETARY

    Total calculated
    $0

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNITY CC SCHOOL HOLDINGS LLC

    HOLDING CO · NC · income $3,161,389 · assets $67,614,990

    Directly controlled by UNITY CLAS

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2025
IRS schema version
2023v6.0
Source object
202500529349300830

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