Henderson Collegiate is located in Henderson, NC. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Henderson Collegiate employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson Collegiate is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Henderson Collegiate generated $16.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $15.6m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL IN HENDERSON, NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL IN HENDERSON, NORTH CAROLINA SERVING APPROXIMATELY 1,289 STUDENTS FOR THE FISCAL YEAR ENDED 6/30/22.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Stephanie Rogers President / | OfficerTrustee | 2 | $0 |
Thomas Church Secretary/tr | OfficerTrustee | 2 | $0 |
Kim Butler Director | Trustee | 1 | $0 |
Michael Putney Director | Trustee | 1 | $0 |
Dr Gary Smith Director | Trustee | 1 | $0 |
William Wooten Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
6/29/21 | $190,210 | |
Todman & Todman Enterprises Custodial | 6/29/21 | $190,210 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,828,390 |
All other contributions, gifts, grants, and similar amounts not included above | $329,668 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,158,058 |
Total Program Service Revenue | $12,763,115 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $21,900 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $25,298 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,049,311 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $226,946 |
Compensation of current officers, directors, key employees. | $226,946 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,049,719 |
Pension plan accruals and contributions | $758,325 |
Other employee benefits | $1,984,165 |
Payroll taxes | $562,500 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,348 |
Fees for services: Accounting | $13,760 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,080,524 |
Advertising and promotion | $19,749 |
Office expenses | $443,364 |
Information technology | $503,739 |
Royalties | $0 |
Occupancy | $382,552 |
Travel | $50,664 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $165,602 |
Interest | $577,263 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $859,583 |
Insurance | $94,693 |
All other expenses | $36,815 |
Total functional expenses | $15,620,658 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,803,805 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $176,627 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $54,919 |
Net Land, buildings, and equipment | $19,725,408 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,462,808 |
Total assets | $33,223,567 |
Accounts payable and accrued expenses | $155,938 |
Grants payable | $0 |
Deferred revenue | $151,154 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $15,357,070 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $23,688,484 |
Total liabilities | $39,352,646 |
Net assets without donor restrictions | -$6,259,074 |
Net assets with donor restrictions | $129,995 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $33,223,567 |