Carolina International School is located in Concord, NC. The organization was established in 2004. 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, Carolina International School employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina International School 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, Carolina International School generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. 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
A CHARTER SCHOOL WHOSE MISSION IS TO NURTURE STUDENTS' NATURAL CURIOSITY AND JOY OF LEARNING WHILE STUDENTS ACHIEVE ACADEMIC EXCELLENCE THROUGH A CHALLENGING, INTERDISCIPLINARY, INTERNATIONAL CURRICULUM. THE STUDENTS, PARENTS AND STAFF HELP TO CREATE A STIMULATING LEARNING COMMUNITY THAT DEVELOPS CRITICAL AND COMPASSIONATE THINKERS, CONFIDENT AND OPEN-MINDED COMMUNICATORS, AND RESOURCEFUL AND RESPONSIBLE CITIZENS AND LEADERS OF THE LOCAL AND GLOBAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH CAROLINA RELEASES PERFORMANCE GRADES FOR ALL PUBLIC SCHOOLS ACROSS THE STATE. THE MEASURES, CALLED SCHOOL PERFORMANCE GRADES, ARE REQUIRED BY THE LEGISLATURE AND GIVE EVERY SCHOOL A LETTER GRADE FROM A TO F AND ARE BASED ENTIRELY ON STANDARDIZED TEST SCORES. CAROLINA INTERNATIONAL SCHOOL RECEIVED A GRADE OF 56 WHICH IS A "C" FOR THE 2021-22 SCHOOL YEAR. BUT THE GRADE ONLY TELLS PART OF THE STORY. THEIR GROWTH SCORE WAS SATISFACTORY, WHICH AWARDED THE SCHOOL WITH THE MEASUREMENT DESCRIPTION OF "MET GROWTH." OUR ENROLLMENT, THOUGH NOT QUITE AS HIGH AS LAST YEAR, REMAINS SOLID WITH PROJECTIONS FOR THE 23-24 SCHOOL YEAR EXPECTED TO REACH AROUND 850 STUDENTS. WE CONTINUE TO FISCALLY OPERATE IN THE BLACK, LAST YEAR ADDING ABOUT $425,000 TO OUR OPERATING FUNDS AND ANTICIPATING THAT THIS YEAR WE WILL FINISH IN THE BLACK ABOUT $60,000+. INDEED, WE HAVE OPERATED IN THE BLACK EVERY YEAR OF OUR EXISTENCE. AS WE MOVE TOWARDS THE CONCLUSION OF THE 2ND SEMESTER OF THE 19TH YEAR OF EXISTENCE OF CIS, OUR SCHOOL CONTINUES TO BE STRONG IN MANY KEY RESPECTS. ACADEMICALLY, WE CONTINUE TO SEE MANY SUCCESSES. FOR EXAMPLE, THIS PAST SCHOOL YEAR TWO OF OUR TEACHERS RECEIVED RECOGNITION FOR THE SUCCESS THEIR STUDENTS ACHIEVED ON END-OF-COURSE, END-OF-GRADE TESTS. OUR PRINCIPAL ALSO RECEIVED STATE RECOGNITION FOR THE SCHOOL'S OUTSTANDING GROWTH MEASURE. ALSO, WE HAVE ADDED SEVERAL PART-TIME READING AND MATH TUTOR TO OUR STAFF AND INCREASED OUR MTSS (MULTI-TIERED ACADEMIC SUPPORT SYSTEM), TO FURTHER SUPPORT THE GROWTH OF STUDENTS AS NEEDED IN THIS VITAL ACADEMIC AREA. WE CONTINUE TO SEE GROWTH IN OUR VARIOUS SCHOOL PROGRAMS, WITH STUDENT INVOLVEMENT STRONG AND STUDENT PERFORMANCE HIGH IN BOTH. AS BUT ONE EXAMPLE, A NUMBER OF OUR MIDDLE AND HIGH SCHOOL ATHLETICS TEAMS WERE RECOGNIZED FOR THEIR ACHIEVEMENT IN THE CLASSROOM, A STATEMENT OF EMPHASIS WE PLACE ON THE SCHOLAR-ATHLETE AND NOT JUST THE ATHLETE PER SE. WE CONTINUE TO SEE STUDENTS LIVING OUT OUR CORE VALUES IN EXEMPLARY WAYS AND BEING RECOGNIZED FOR SUCH IN VARIED WAYS, AS WE PREPARE TO GRADUATE OUR SENIOR CLASS THIS JUNE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kasi Eagle Board Chair | OfficerTrustee | 20 | $0 |
Dr Camela Ford Member | Trustee | 1 | $0 |
Tom Anderson Treasurer | OfficerTrustee | 20 | $0 |
Bob Gorham Member | Trustee | 1 | $0 |
Sharon Smith Member | Trustee | 1 | $0 |
William Jackson Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $8,423,645 |
All other contributions, gifts, grants, and similar amounts not included above | $3,847 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,427,492 |
Total Program Service Revenue | $414,718 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,842,210 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $925,189 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $7,841,796 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,437,653 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $370 |
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 | $127,925 |
Net Land, buildings, and equipment | $11,742,533 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,314,548 |
Total assets | $19,623,029 |
Accounts payable and accrued expenses | $335,091 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $13,571,137 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $12,632,095 |
Total liabilities | $26,538,323 |
Net assets without donor restrictions | -$6,915,294 |
Net assets with donor restrictions | $0 |
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 | $19,623,029 |