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 06/2021, Carolina International School employed 126 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 06/2021, Carolina International School generated $8.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $7.6m during the year ending 06/2021. 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
2021
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 68 WHICH IS AT THE HIGH END OF A C FOR THE 2018-19 SCHOOL YEAR. THIS GRADE REMAINS THE SAME THROUGH 2019-20 AND 2020-21 DUE TO PANDEMIC CONCERNS ON STUDENT LEARNING. HOWEVER, THE GRADE ONLY TELLS PART OF THE STORY. THE STUDENT ACADEMIC GROWTH SCORE WAS 90% WHICH AWARDED THE SCHOOL WITH THE MEASUREMENT DESCRIPTION OF "EXCEEDING GROWTH." PERFORMANCE RESULTS IN 2020-21 ALSO SHOWED GROWTH IN ALL BUT TWO AREAS. ADDITIONALLY, THE ENROLLMENT AT CIS, THOUGH NOT QUITE AS HIGH AS LAST YEAR DUE TO PANDEMIC FLUCTUATIONS, SHOWS SIGNS OF REBOUNDING WITH BETWEEN 820-850 STUDENTS EXPECTED TO ENROLL IN 2022-2023. CIS CONTINUES TO OPERATE FISCALLY IN THE BLACK, LAST YEAR ADDING ABOUT $576,000 TO OUR OPERATING FUNDS AND ANTICIPATING THAT THIS YEAR WE WILL FINISH IN THE BLACK AS WELL. TRADITIONALLY, CIS HAS OPERATED IN THE BLACK EVERY YEAR OF OUR EXISTENCE. AS CIS MOVES TOWARDS CONCLUSION THE 2ND SEMESTER OF THE 18TH YEAR OF EXISTENCE, OUR SCHOOL CONTINUES TO BE STRONG IN MANY KEY RESPECTS. ACADEMICALLY, CIS CONTINUES TO SEE MANY SUCCESSES. FOR EXAMPLE, THIS PAST SCHOOL YEAR SEVERAL OF OUR TEACHERS RECEIVED RECOGNITION FOR 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 A PART-TIME READING TUTOR TO OUR STAFF TO FURTHER SUPPORT THE GROWTH OF STUDENTS AS NEEDED IN THIS VITAL ACADEMIC AREA. CIS ATHLETICS STARTED STRONG THIS YEAR WITH PARTICIPATION AND GROWTH FROM THE PAST TWO YEARS. THIS YEAR CIS HAD A TOTAL OF 13 SPORTS BETWEEN MIDDLE AND HIGH SCHOOL WITH TWO CONFERENCE CHAMPIONSHIPS IN VARSITY BASKETBALL AND MIDDLE SCHOOL SOFTBALL. WE ASLO HAD A STATE CHAMPIONSHIP PARTICIPANT IN CROSS COUNTRY. OUR BASKETBALL COACH WON "COACH OF THE YEAR AND A SENIOR BASKETBALL PLAYER WON "PLAYER OF THE YEAR" FOR THE METRO 8 CONFERENCE. ALSO, THE CIS VARSITY VOLLEYBALL TEAM MADE THE PLAYOFFS FOR THE FIRST TIME IN SCHOOL HISTORY. A NUMBER OF OUR HIGH SCHOOL ATHLETICS TEAMS WERE RECOGNIZED FOR THEIR ACHIEVEMENT IN THE CLASSROOM AND ON THE FIELDS AND COURTS. HIGH SCHOOL HAD A TOTAL OF 13 SCHOLAR-ATHLETES FROM THE FIRST SEMESTER AND THESE INDIVIDUALS HAD A GPA OF 3.5 OR HIGHER TO RECEIVE THIS HONOR. THE VARSITY VOLLEYBALL AND SOCCER TEAMS RECEIVED THE TEAM AWARD FOR SCHOLAR-ATHLETES, WITH A COMBINED GPA OF 3.1 OR HIGHER.WE WANT TO CONTINUE TO GROW OUR SPORTS PROGRAM HERE AT CAROLINA INTERNATIONAL SCHOOL AND WOULD LIKE TO SEE US HAVE ALL 21 SPORTS IN THE COMING YEARS. CIS CONTINUES TO SEE STUDENTS DEMONSTRATING OUR CORE VALUES IN EXEMPLARY WAYS WHILE PREPARING TO GRADUATE ITS SEVENTH SENIOR CLASS IN JUNE.MOST EXCITEDLY, CIS IS STRENGTHENING ITS ACADEMIC CORE AND SERVICES THROUGH THE ADDITION OF OVER FIFTEEN NEW SMART BOARDS AND MORE THAN FIVE HUNDRED STUDENT LAPTOPS. ADDIITONAL RENOVATIONS INCLUDE UPGRADED CLASSROOM SEATING, EXPANDED TEACHER LOUNGE AND WORKROOM SPACES, AND FOCUSED BUILDING REPAIRS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph Canty Principal | Trustee | 40 | $49,258 |
Kasi Eagle Board Chair | OfficerTrustee | 20 | $0 |
Trista Collins Secretary | OfficerTrustee | 20 | $0 |
Tom Anderson Treasurer | OfficerTrustee | 20 | $0 |
Mario Stoilovich Vice Chair | OfficerTrustee | 20 | $0 |
Nequeela Deas-Blanton Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $8,043,287 |
All other contributions, gifts, grants, and similar amounts not included above | $13,858 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,057,145 |
Total Program Service Revenue | $73,724 |
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 | $8,130,869 |
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 | $935,884 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $7,555,305 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,445,584 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,858 |
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 | $6,422 |
Net Land, buildings, and equipment | $12,021,475 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,310,831 |
Total assets | $19,802,170 |
Accounts payable and accrued expenses | $320,914 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $13,714,258 |
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 | $13,682,706 |
Total liabilities | $27,717,878 |
Net assets without donor restrictions | -$7,915,708 |
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 | $19,802,170 |
Over the last fiscal year, we have identified 2 grants that Carolina International School has recieved totaling $694.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $445 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $249 |
Organization Name | Assets | Revenue |
---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |