Totals
- Total revenue
- $10,640,730
- Total expenses
- $12,304,192
- Contributions and grants received
- $9,985,566
- Grants paid
- $1,500,000
- Program service revenue
- $272,023
- Investment income
- $58,856
- Other revenue
- $324,285
- Total assets, end of year
- $7,692,920
- Total liabilities, end of year
- $13,353,093
- Net assets or fund balances, end of year
- -$5,660,173
- Program services expenses (Part IX)
- $10,114,212
- Management and general expenses
- $2,097,935
- Fundraising expenses
- $92,045
- Program service expenses (Part III)
- $10,114,212
Program services were 82.2% 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)
$9,861,562
-
1f · All other contributions, gifts and grants
$124,004
-
2a · Program service revenue: Child care fees
total $272,023 · unrelated business $0 · excluded $0
-
3 · Investment income
total $58,856 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $39,786
-
6c · Rental income or loss
real property $39,786
-
6d · Net rental income or loss
total $39,786 · related or exempt $39,786
-
11a · Other revenue: School Activities
total $179,043 · related or exempt $179,043 · unrelated business $0 · excluded $0
-
11b · Other revenue: Others
total $105,456 · related or exempt $105,456 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$284,499
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,500,000 · program services $1,500,000
-
5 · Compensation of officers, directors and key employees
total $189,350 · program services $112,835 · management and general $76,515 · fundraising $0
-
7 · Other salaries and wages
total $5,152,214 · program services $5,124,089 · management and general $28,125 · fundraising $0
-
8 · Pension plan contributions
total $1,560,559 · program services $1,560,559 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $613,720 · program services $613,632 · management and general $88 · fundraising $0
-
10 · Payroll taxes
total $409,157 · program services $407,005 · management and general $2,152 · fundraising $0
-
11b · Fees: legal
total $15,973 · program services $0 · management and general $15,973 · fundraising $0
-
11c · Fees: accounting
total $8,166 · program services $0 · management and general $8,166 · fundraising $0
-
12 · Advertising and promotion
total $1,289 · program services $0 · management and general $1,289 · fundraising $0
-
13 · Office expenses
total $80,302 · program services $43,624 · management and general $36,678 · fundraising $0
-
14 · Information technology
total $49,439 · program services $48,342 · management and general $1,097 · fundraising $0
-
16 · Occupancy
total $1,408,665 · program services $0 · management and general $1,408,665 · fundraising $0
-
17 · Travel
total $21,725 · program services $21,725 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $10,848 · program services $10,848 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,805 · program services $2,805 · management and general $0 · fundraising $0
-
23 · Insurance
total $52,123 · program services $0 · management and general $52,123 · fundraising $0
-
24a · Other expenses: Contracted Services
total $759,987 · program services $352,565 · management and general $407,422 · fundraising $0
-
24b · Other expenses: Food Purchases
total $10,312 · program services $9,151 · management and general $1,161 · fundraising $0
-
24c · Other expenses: Books and Supplies
total $298,145 · program services $175,065 · management and general $31,035 · fundraising $92,045
-
24d · Other expenses: Non-Capital Purchases
total $45,642 · program services $38,053 · management and general $7,589 · fundraising $0
-
24e · All other expenses
total $113,771 · program services $93,914 · management and general $19,857 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,728,623 · end of year $1,750,154
-
2 · Savings and temporary cash investments
beginning of year $1,721,652 · end of year $106,015
-
4 · Accounts receivable
beginning of year $220,943 · end of year $559,051
-
9 · Prepaid expenses and deferred charges
beginning of year $16,056 · end of year $17,348
-
10a · Land, buildings and equipment: cost or other basis
$310,959
-
10b · Land, buildings and equipment: accumulated depreciation
$232,679
-
10c · Land, buildings and equipment, net
beginning of year $81,085 · end of year $78,280
-
15 · Other assets
beginning of year $5,209,030 · end of year $5,182,072
-
17 · Accounts payable and accrued expenses
beginning of year $260,639 · end of year $68,324
-
19 · Deferred revenue
beginning of year $46,404 · end of year $56,015
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $233,867
-
25 · Other liabilities
beginning of year $12,667,057 · end of year $12,994,887
-
27 · Net assets without donor restrictions
beginning of year -$3,996,711 · end of year -$5,660,173
Mission and programs · 2023
Mission
Operate a charter school.
-
Operate a public charter school.
Expenses $10,114,212 · Revenue $11,244,010
As filed on the 2023 return.
Listed in Part VII
-
Lena Bakis
Business Manager
- Total calculated
- $33,056
- From this org
- $33,056
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Vanessa Morgan
Asst Business Mgr
- Total calculated
- $43,459
- From this org
- $43,459
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Couchell
President
- Total calculated
- $0
- Hours/week
- 2
-
George Kokalis
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Antonis Stylianou
V President
- Total calculated
- $0
- Hours/week
- 2
-
Zoi Philippakos
Member
- Total calculated
- $0
- Hours/week
- 2
-
Rhonda Patterson
Member
- Total calculated
- $0
- Hours/week
- 2
-
Klea Miho
Member
- Total calculated
- $0
- Hours/week
- 2
-
Vanessa Baker
Principal
- Total calculated
- $112,835
- From this org
- $112,835
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brenda Bilal
Member
- Total calculated
- $0
- Hours/week
- 2
-
Janis Dellinger-Holton
Member
- Total calculated
- $0
- Hours/week
- 2
-
Barry Robinson
Secretary
- 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
-
Socrates Academy Foundation Inc
$1,500,000
Supporting Org.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Socrates Academy Foundation Inc
501(c)(3) · Supporting Entity · NC
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 December 2024
- IRS schema version
- 2023v6.0
- Source object
- 202531219349301138
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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