North Carolina Leadership Charter Academy Incorporated
- Assets
- $34.5m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 109
- Location
- Kernersville, NC
- Founding
- 12/2013
- Data as of
- 06/2021
- EIN
- 46-1185191
Organization Overview
North Carolina Leadership Charter Academy Incorporated, operating under the name The Ncla, is located in Kernersville, NC. The organization was established in 2013. 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, Ncla employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncla 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, Ncla generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $10.4m during the year ending 06/2021. While expenses have increased by 16.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH CAROLINA LEADERSHIP ACADEMY PROVIDES ITS K-12 STUDENTS WITH A SOLID FOUNDATION OF SKILLS, KNOWLEDGE, AND INFORMATION AS PART OF THEIR COLLEGE PREPARATORY PROGRAM. ADDITIONALLY, NCLA SEEKS THE ACCEPTANCE OF ALL HIGH SCHOOL GRADUATES TO THE COLLEGES OF THEIR CHOICES BY UNLOCKING THEIR SCHOLARSHIP, LEADERSHIP, AND CITIZENSHIP POTENTIAL THROUGH THEIR EMPOWERMENT IN A PARTICIPATIVE LEADERSHIP ROLE WITHIN THE ACADEMY, ITS COMMUNITY, AND THE STATE OF NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A TUITION-FREE CHARTER SCHOOL FOR THE PIEDMONT TRIAD (GREENSBORO - WINSTON-SALEM - HIGH POINT), EMPHASIZING A COLLEGE PREPARATORY CURRICULUM, WITH STUDENTS TAKING AN ACTIVE, LEADING ROLE IN THEIR OWN LEARNING AND CONTRIBUTIONS TO SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Davis II Chairman | OfficerTrustee | 4 | $0 |
Joseph Orenstein Secretary | OfficerTrustee | 1 | $0 |
David Fitzpatrick Trustee | Trustee | 0.5 | $0 |
Ab Henley Trustee | Trustee | 0.5 | $0 |
Frederick Kennedy Chairman Emeritus/ex-Offic | Trustee | 0.5 | $0 |
Renee Faenza Principal | Officer | 50 | $96,083 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $155,650 |
| Investment income | $3,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,453,101 |
| Statement of Expenses | |
|---|---|
| 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. | $107,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,303,985 |
| Pension plan accruals and contributions | $2,303,136 |
| Other employee benefits | $391,363 |
| Payroll taxes | $233,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,147 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $526,820 |
| Advertising and promotion | $3,516 |
| Office expenses | $193,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,451,167 |
| Travel | $4,634 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,488 |
| Interest | $2,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $647,224 |
| Insurance | $66,651 |
| All other expenses | $0 |
| Total functional expenses | $10,431,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,920,927 |
| Savings and temporary cash investments | $5,150,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,255 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $34,463,611 |
| Accounts payable and accrued expenses | $4,253,032 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | -$2,548,311 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,070,008 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,323,040 |
| Net assets without donor restrictions | $0 |
| 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 | $3,972,530 |
| Total liabilities and net assets/fund balances | $3,140,571 |