Totals
- Total revenue
- $996,649
- Total expenses
- $594,676
- Contributions and grants received
- $1,007,863
- Grants paid
- $2,000
- Program service revenue
- $0
- Investment income
- -$11,214
- Other revenue
- $0
- Total assets, end of year
- $797,532
- Total liabilities, end of year
- $5,200
- Net assets or fund balances, end of year
- $792,332
- Program services expenses (Part IX)
- $372,009
- Management and general expenses
- $205,424
- Fundraising expenses
- $17,243
- Program service expenses (Part III)
- $372,009
Program services were 62.6% 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.
-
1f · All other contributions, gifts and grants
$1,007,863
-
3 · Investment income
total $169 · excluded $169
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
securities $11,383
-
7c · Gain or loss
securities -$11,383
-
7d · Net gain or loss
total -$11,383 · related or exempt -$11,383
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
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 $2,000 · program services $2,000
-
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 $79,300 · management and general $79,300
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $183,162 · program services $126,382 · management and general $43,959 · fundraising $12,821
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,082 · program services $5,577 · management and general $1,939 · fundraising $566
-
10 · Payroll taxes
total $21,008 · program services $14,496 · management and general $5,042 · fundraising $1,470
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,950 · management and general $1,950
-
11c · Fees: accounting
total $800 · management and general $800
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $1,114 · management and general $1,114
-
11g · Fees: other
total $2,896 · management and general $2,896
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $1,635 · program services $1,635
-
15 · Royalties
total $0
-
16 · Occupancy
total $120,487 · program services $60,244 · management and general $60,243
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $14,990 · program services $10,343 · management and general $3,598 · fundraising $1,049
-
23 · Insurance
total $3,815 · program services $2,632 · management and general $916 · fundraising $267
-
24a · Other expenses: Food
total $48,440 · program services $48,440
-
24b · Other expenses: Classroom
total $46,410 · program services $46,410
-
24c · Other expenses: Field Trips
total $31,807 · program services $31,807
-
24d · Other expenses: Business Development
total $11,957 · program services $8,250 · management and general $2,870 · fundraising $837
-
24e · All other expenses
total $14,823 · program services $13,793 · management and general $797 · fundraising $233
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,689 · end of year $515,352
-
2 · Savings and temporary cash investments
beginning of year $65,701 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $160 · end of year $160
-
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
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$373,000
-
10b · Land, buildings and equipment: accumulated depreciation
$90,980
-
10c · Land, buildings and equipment, net
beginning of year $297,009 · end of year $282,020
-
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
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $5,200 · end of year $5,200
-
27 · Net assets without donor restrictions
beginning of year $92,654 · end of year $494,627
-
28 · Net assets with donor restrictions
beginning of year $297,705 · end of year $297,705
Mission and programs · 2022
Mission
The Nest Academy is a small, trauma-informed, private school in Charlotte, North Carolina with a mission to change the lives of refugee and underprivileged students to become confident, educated, and successful first generation high school graduates. The Nest Academy offers students an individualized education plan in a small, safe and supportive environment through highly trained teachers, volunteers and mentors. The students flourish in this peaceful environment where they are accepted, known and supported, which extends outside of the classroom.
-
The Nest Academy began with a focus in affording refugees and underprivileged children with a private school education with an individual education plan to excel and become first generation high school graduates. They are tested, correctly placed and taught in each of their educational levels so that students receive what they weren't getting in a public school setting so that they are better equipped for life and higher education. They have a unique opportunity to develop at the academy through their gifted education that they are able to springboard from. In our pursuit to educate first generation elementary, middle and high schoolers, with a focus on higher education, we also had a vision to provide additional support and funding to encourage college participation and completion. We have partnered with donors to financially contribute to both of those efforts; first generation high school graduates and first generation college students. We have executed a plan and have been able which fast tracks them to succeed in both.
Expenses $372,009 · Grants $2,000
As filed on the 2022 return.
Listed in Part VII
-
Mary Catherine Hildreth
President
- Total calculated
- $79,300
- From this org
- $79,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pender Murphy
Board Member
- Total calculated
- $0
- Hours/week
- 10
-
Dain Dulaney
Chairman
- Total calculated
- $0
- Hours/week
- 5
-
Ellen Leitch
Board Member
- Total calculated
- $0
- Hours/week
- 15
-
Mike Gutowski
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Gina Elam
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Mary Gutowski
Board Secretary
- Total calculated
- $0
- Hours/week
- 10
-
Joe Walker
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Jan Aaron
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Allison Hickman
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Edson Munekata
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Leslie Helms
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Roschelle Ross
Treasurer
- 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
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349314277
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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