College Preparatory & Leadership Academy Of High Point
- Assets
- $15.4m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 162
- Location
- Jamestown, NC
- Founding
- 06/2014
- Data as of
- 06/2023
- EIN
- 45-4367209
Organization Overview
College Preparatory & Leadership Academy Of High Point is located in Jamestown, NC. The organization was established in 2014. According to its NTEE Classification (O54) the organization is classified as: Youth Development - Citizenship, under the broad grouping of Youth Development and related organizations. As of 06/2023, College Preparatory & Leadership Academy Of High Point employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Preparatory & Leadership Academy Of High Point 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 06/2023, College Preparatory & Leadership Academy Of High Point generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $13.0m during the year ending 06/2023. While expenses have increased by 14.5% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEARTED A PUBLIC CHARTER SCHOOL IN GREENSBORO, NC SERVING APPROXIMATELY 735 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michelle Johnson Executive Director | Officer | 40 | $115,180 |
Kevin Grier Chair | OfficerTrustee | 1 | $0 |
Dr Linda Mcrae Director | Trustee | 1 | $0 |
Dr Benita Varnado Director | Trustee | 1 | $0 |
Dr Michelle Meggs Director | Trustee | 1 | $0 |
Marcus Brandon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,346,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,393,073 |
| Total Program Service Revenue | $8,803,054 |
| 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 | $12,196,127 |
| 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 | $5,161,350 |
| Pension plan accruals and contributions | $137,871 |
| Other employee benefits | $395,053 |
| Payroll taxes | $396,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,806 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $68,686 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $808,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,236 |
| Interest | $650,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $416,425 |
| Insurance | $56,088 |
| All other expenses | $161,636 |
| Total functional expenses | $12,965,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,668,923 |
| Savings and temporary cash investments | $1,556,433 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,008 |
| 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 | $0 |
| Net Land, buildings, and equipment | $10,989,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,429,044 |
| Accounts payable and accrued expenses | $41,391 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $13,309,062 |
| 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 | $0 |
| Total liabilities | $13,350,453 |
| Net assets without donor restrictions | $2,078,591 |
| 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 | $15,429,044 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory & Leadership Academy Of High Point Jamestown, NC | $15,429,044 | $12,196,127 |
Movement Of Youth Incorporated Durham, NC | $78,904 | $483,070 |
Georgia Center For Civic Engagement Cartersville, GA | $130,835 | $314,222 |
Break Away The Alternative Break Connection Inc Decatur, GA | $33,196 | $222,705 |
Balvikas Inc Ashburn, VA | $65,923 | $0 |
Daughters Of Worth Greenville, NC | $2,819 | $0 |
Crhs Jrotc Booster Club Fort Mill, SC | $0 | $0 |
Girls Inspired & Ready To Lead Fairfax, VA | $1,888 | $0 |
United States Marines Youth Foundation Inc Stafford, VA | $939,094 | $85,306 |
Grow Your World Carrboro, NC | $72,458 | $0 |
Youth Of Nc Inc Greensboro, NC | $12,359 | $0 |
Georgia Girls State Inc Stockbridge, GA | $156,527 | $0 |
Double Eagle Tour - The Carolinas Charlotte, NC | $0 | $18,075 |