Piedmont Classical High School
- Assets
- $18.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 70
- Location
- Browns Summit, NC
- Founding
- 03/2016
- Data as of
- 06/2022
- EIN
- 46-4228515
Organization Overview
Piedmont Classical High School is located in Browns Summit, NC. The organization was established in 2016. 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, Piedmont Classical High School employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Classical High 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, Piedmont Classical High School generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 23.0% per year over the past 7 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
EDUCATION AS PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL PROVIDES EDUCATION TO HIGH SCHOOL AGE STUDENTS FOR THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION THROUGH ITS CHARTER SCHOOL LEGISLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Fink Chair | OfficerTrustee | 5 | $0 |
Scott Meyers Member | Trustee | 2 | $0 |
Margaret Chase Member | Trustee | 2 | $0 |
Mike Stainback Member | Trustee | 2 | $0 |
Michelle Townsend Member | Trustee | 2 | $0 |
Angela Jackson Director Of Operations | OfficerTrustee | 40 | $84,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,600,834 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,602,857 |
| Total Program Service Revenue | $79,112 |
| 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 | $4,797,774 |
| 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. | $363,887 |
| Compensation of current officers, directors, key employees. | $89,000 |
| Compensation to disqualified persons | $1,851,245 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $17,377 |
| Other employee benefits | $255,453 |
| Payroll taxes | $176,874 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,037 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $35,406 |
| Office expenses | $57,648 |
| Information technology | $78,071 |
| Royalties | $0 |
| Occupancy | $61,603 |
| Travel | $485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,111 |
| Interest | $947,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $433,340 |
| Insurance | $39,155 |
| All other expenses | $57,392 |
| Total functional expenses | $5,086,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,674 |
| Savings and temporary cash investments | $1,372,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,359 |
| 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 | $23,583 |
| Net Land, buildings, and equipment | $16,746,933 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,853,916 |
| Accounts payable and accrued expenses | $68,887 |
| Grants payable | $0 |
| Deferred revenue | $481 |
| 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 | $19,379,357 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,448,725 |
| Net assets without donor restrictions | $2,037,615 |
| Net assets with donor restrictions | -$2,632,424 |
| 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 | $18,853,916 |