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Nonprofiteer
← QUEEN CITY ACADEMY CHARTER SCHOOL INC

Form 990 for tax year 2023

Filed by QUEEN CITY ACADEMY CHARTER SCHOOL INC.

Totals

Total revenue
$11,061,164
Total expenses
$9,503,446
Contributions and grants received
$11,016,711
Grants paid
$0
Program service revenue
$0
Investment income
$297,654
Other revenue
-$253,201
Total assets, end of year
$11,187,921
Total liabilities, end of year
$2,355,120
Net assets or fund balances, end of year
$8,832,801
Program services expenses (Part IX)
$6,642,618
Management and general expenses
$2,860,828
Fundraising expenses
$0
Program service expenses (Part III)
$6,642,618

Program services were 69.9% 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)

    $11,008,419

  • 1f · All other contributions, gifts and grants

    $8,292

  • 3 · Investment income

    total $297,654 · related or exempt $297,654

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $16,226

  • 10b · Cost of goods sold

    $269,427

  • 10c · Net income from sales of inventory

    total -$253,201 · related or exempt -$253,201

  • 11e · Other revenue, total

    $0

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 $926,270 · program services $567,155 · management and general $359,115

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,532,022 · program services $1,550,450 · management and general $981,572

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,479,066 · program services $1,116,991 · management and general $362,075

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $13,951 · management and general $13,951

  • 11c · Fees: accounting

    total $30,664 · management and general $30,664

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,342,090 · program services $1,768,746 · management and general $573,344

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $562,259 · program services $424,618 · management and general $137,641

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $522,267 · program services $394,416 · management and general $127,851

  • 17 · Travel

    total $2,144 · management and general $2,144

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $105,747 · program services $79,860 · management and general $25,887

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $266,585 · program services $201,325 · management and general $65,260

  • 23 · Insurance

    total $51,385 · program services $38,806 · management and general $12,579

  • 24a · Other expenses: CAPITAL OUTLAY-NET

    total $662,408 · program services $500,251 · management and general $162,157

  • 24b · Other expenses: STUDENT ACTIVITIES

    total $6,238 · management and general $6,238

  • 24c · Other expenses: SCHOLARSHIP EXPENSES

    total $350 · management and general $350

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,579,251 · end of year $4,990,611

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,215,701 · end of year $1,270,661

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,000 · end of year $36,000

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

    $4,546,780

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

    $1,729,399

  • 10c · Land, buildings and equipment, net

    beginning of year $3,083,966 · end of year $2,817,381

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,122,236 · end of year $2,073,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $258,208 · end of year $127,642

  • 19 · Deferred revenue

    beginning of year $134,241 · end of year $185,266

  • 23 · Secured mortgages and notes payable

    beginning of year $1,393,543 · end of year $1,334,436

  • 25 · Other liabilities

    beginning of year $976,079 · end of year $707,776

  • 27 · Net assets without donor restrictions

    beginning of year $7,275,083 · end of year $8,832,801

Mission and programs · 2023

Mission

QUEEN CITY ACADEMY CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADE LEVELS KINDERGARTEN THROUGH EIGHT. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. (SEE SCH O).

  • QUEEN CITY ACADEMY CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO GRADE LEVELS KINDERGARTEN THROUGH ELEVEN. THESE SERVICES INCLUDE REGULAR, AS WELL AS SPECIAL EDUCATION AND BASIC SKILLS INSTRUCTION. QUEEN CITY ACADEMY CHARTER SCHOOL COMPLETED THE 2023-2024 SCHOOL YEAR WITH AN ENROLLMENT OF 411 STUDENTS, WHICH ENROLLMENT HAS BEEN CONSISTENT FOR SEVERAL YEARS. THIS IS ATTRIBUTABLE TO THE EXPANSION OF THE SCHOOL FACILITY AND CAPABILITY OF OFFERING THE QUEEN CITY ACADEMY PROGRAM TO MORE STUDENTS.

    Expenses $6,642,618

As filed on the 2023 return.

Listed in Part VII

  • Danielle West

    DIRECTOR OF SCH

    Total calculated
    $247,001
    From this org
    $247,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,001
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $247,001

  • Ernest Dixon

    PRINCIPAL

    Total calculated
    $149,000
    From this org
    $149,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jazmin Gooding

    PRINCIPAL

    Total calculated
    $135,500
    From this org
    $135,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jasmine Morrison

    PRINCIPAL

    Total calculated
    $119,100
    From this org
    $119,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Julio Lopez

    PRINCIPAL

    Total calculated
    $106,770
    From this org
    $106,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anibal Garcia Jr

    ELA COACH

    Total calculated
    $103,259
    From this org
    $103,259
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Christopher Lessard

    SBA/BD SEC'Y

    Total calculated
    $60,600
    From this org
    $60,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Karen Johnson

    Treasurer

    Total calculated
    $5,040
    From this org
    $5,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Karen Oliver-Moore

    President

    Total calculated
    $0
    Hours/week
    1

  • Henry McCloud

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Omowale Morgan

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Chanard Cooper

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kalsheila Lloyd

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gail Pester

    Trustee

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349315186

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