Emereau Foundation
- Assets
- $16.6m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 87
- Location
- Elizabethtown, NC
- Founding
- 09/2016
- Data as of
- 06/2024
- EIN
- 47-5131659
Organization Overview
Emereau Foundation is located in Elizabethtown, 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 06/2024, Emereau Foundation employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emereau Foundation 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 06/2024, Emereau Foundation generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $6.3m during the year ending 06/2024. While expenses have increased by 14.2% 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
2024
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
OPERATED EMEREAU BLADEN PUBLIC CHARTER SCHOOL IN ELIZABETHTOWN, NC SERVING APPROXIMATELY 564 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Allen Board Chair | OfficerTrustee | 1 | $0 |
Sandra Lewis Board Vice-Chair | OfficerTrustee | 1 | $0 |
Maurice Williams Board Secretary | OfficerTrustee | 1 | $0 |
Phil Byrd Board Treasurer | OfficerTrustee | 1 | $0 |
Dennis Troy Board Director | Trustee | 0.5 | $0 |
Jennifer Whittington Board Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $539,485 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $712,512 |
| Total Program Service Revenue | $6,623,041 |
| 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 | $7,335,553 |
| 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 | $3,388,418 |
| Pension plan accruals and contributions | $133,656 |
| Other employee benefits | $483,831 |
| Payroll taxes | $247,103 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,410 |
| Fees for services: Accounting | $7,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $775 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,293 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $245,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $480,219 |
| Insurance | $45,313 |
| All other expenses | $0 |
| Total functional expenses | $6,318,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,201,520 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,187 |
| 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 | $28,075 |
| Net Land, buildings, and equipment | $12,308,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,552,917 |
| Accounts payable and accrued expenses | $283,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,619,262 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,902,933 |
| Net assets without donor restrictions | $5,649,984 |
| 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 | $16,552,917 |