The Fletcher School Inc
- Assets
- $33.0m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 129
- Location
- Charlotte, NC
- Founding
- 02/1983
- Data as of
- 06/2022
- 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 06/2022, Fletcher School Inc employed 129 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 06/2022, Fletcher School Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $9.5m during the year ending 06/2022. While expenses have increased by 3.5% 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
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 |
|---|---|---|---|
Brent Betit Former Head Of School | 40 | $268,693 | |
Kimberly Law Director Of Finance And Op | Officer | 40 | $130,129 |
Arch Mcintosh Interim Head Of School | Trustee | 40 | $127,000 |
John Porter Chair | OfficerTrustee | 1.5 | $0 |
Scott Stevens Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Kahn At-Large Trustee | OfficerTrustee | 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 | $537,533 |
| Noncash contributions included in lines 1a–1f | $125,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $537,533 |
| Total Program Service Revenue | $8,724,264 |
| Investment income | $214,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$132,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,343,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $350,213 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,830 |
| Compensation of current officers, directors, key employees. | $204,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,171,960 |
| Pension plan accruals and contributions | $186,070 |
| Other employee benefits | $767,625 |
| Payroll taxes | $391,489 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $562 |
| Fees for services: Accounting | $28,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,871 |
| Fees for services: Other | $25,908 |
| Advertising and promotion | $47,776 |
| Office expenses | $45,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $253,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $168,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602,340 |
| Insurance | $36,977 |
| All other expenses | $549,045 |
| Total functional expenses | $9,506,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,361,498 |
| Savings and temporary cash investments | $184,732 |
| Pledges and grants receivable | $763,401 |
| Accounts receivable, net | $6,619,450 |
| 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 | $103,705 |
| Net Land, buildings, and equipment | $10,786,851 |
| Investments—publicly traded securities | $12,137,617 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,856 |
| Total assets | $32,973,110 |
| Accounts payable and accrued expenses | $534,265 |
| Grants payable | $0 |
| Deferred revenue | $7,321,260 |
| Tax-exempt bond liabilities | $6,593,778 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $180,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,630,145 |
| Net assets without donor restrictions | $17,736,488 |
| Net assets with donor restrictions | $606,477 |
| 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 | $32,973,110 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that The Fletcher School Inc has recieved totaling $72,414.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $30,800 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 6 GRANT(S) FOR VARYING PURPOSES | $13,921 |
Foundation For The Charlotte Jewish Community Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Greg And India Keith Foundation Charlotte, NC PURPOSE: CONTRIBUTIONS | $7,500 |
George W And Ruth R Baxter Foundation Inc Charlotte, NC PURPOSE: EDUCATIONAL, CHILDREN WITH LEARNING DISABILITIES | $5,000 |
Dickson Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $382,035 |
| Earnings | -$48,037 |
| Other Expense | $13,574 |
| Ending Balance | $320,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
New Community School Richmond, VA | $23,560,942 | $8,465,673 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |