The Fletcher School Inc
- Assets
- $36.5m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 133
- Location
- Charlotte, NC
- Founding
- 02/1983
- Data as of
- 06/2023
- EIN
- 56-1340099
Organization Overview
The Fletcher School Inc is located in Charlotte, NC. The organization was established in 1983. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2023, Fletcher School Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fletcher School Inc 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, Fletcher School Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $10.0m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 8 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
TO OPERATE A K-12 COLLEGE PREPARATORY SCHOOL FOR CHILDREN WITH SPECIFIC LEARNING DISABILITIES AND/OR ADHD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION TO CHILDREN WITH LEARNING DISABILITIES IN A HEALTHY ENVIRONMENT THAT FOSTERS PHYSICAL AND MENTAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Porter Chair | OfficerTrustee | 1.5 | $0 |
Scott Stevens Trustee | Trustee | 0.5 | $0 |
Michael Kahn At-Large Trustee | OfficerTrustee | 0.5 | $0 |
Rick Bange Trustee | Trustee | 0.5 | $0 |
Jamal Dawkins Chair-Elect | OfficerTrustee | 0.5 | $0 |
Will Hadley Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,312,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,312,427 |
| Total Program Service Revenue | $9,037,695 |
| Investment income | $321,551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $75,074 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,746,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $376,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $518,313 |
| Compensation of current officers, directors, key employees. | $308,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,211,956 |
| Pension plan accruals and contributions | $195,976 |
| Other employee benefits | $682,289 |
| Payroll taxes | $415,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,977 |
| Fees for services: Accounting | $26,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,517 |
| Fees for services: Other | $14,120 |
| Advertising and promotion | $81,485 |
| Office expenses | $23,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $279,849 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $603,146 |
| Insurance | $44,386 |
| All other expenses | $670,071 |
| Total functional expenses | $10,047,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,665,350 |
| Savings and temporary cash investments | $167,843 |
| Pledges and grants receivable | $2,259,810 |
| Accounts receivable, net | $7,385,811 |
| 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 | $107,853 |
| Net Land, buildings, and equipment | $10,623,270 |
| Investments—publicly traded securities | $12,925,703 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $396,587 |
| Total assets | $36,532,227 |
| Accounts payable and accrued expenses | $705,382 |
| Grants payable | $0 |
| Deferred revenue | $8,129,364 |
| Tax-exempt bond liabilities | $6,565,038 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $374,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,773,849 |
| Net assets without donor restrictions | $18,534,862 |
| Net assets with donor restrictions | $2,223,516 |
| 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 | $36,532,227 |