Arapohoe Charter School
- Assets
- $13.6m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 123
- Location
- Arapahoe, NC
- Founding
- 05/1997
- Data as of
- 06/2023
- EIN
- 56-1967591
Organization Overview
Arapohoe Charter School is located in Arapahoe, NC. The organization was established in 1997. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Arapohoe Charter School employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arapohoe Charter 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 06/2023, Arapohoe Charter School generated $8.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $7.3m during the year ending 06/2023. While expenses have increased by 5.3% 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
ORGANIZATION OPERATES A PUBLIC CHARTER SCHOOL UNDER THE CONTROL OF THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION TO PROVIDE A QUALITY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SCHOOL PROVIDES EDUCATION TO APPROXIMATELY 500 CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Watson Chief Execut | 40 | $104,607 | |
Sherry Reeves Board Secret | OfficerTrustee | 40 | $68,948 |
Yvonne Hardison Board Member | Trustee | 40 | $63,722 |
Tremayne Perry Board Treasu | OfficerTrustee | 40 | $56,342 |
April Hester Board Member | Trustee | 40 | $48,677 |
Greg Rohrman Board Member | Trustee | 40 | $40,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,193,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,515 |
| Noncash contributions included in lines 1a–1f | $22,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,345,858 |
| Total Program Service Revenue | $61,608 |
| 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 | $8,407,466 |
| 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 | $4,745,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,038,923 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,950 |
| Fees for services: Accounting | $11,964 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $62,923 |
| Royalties | $0 |
| Occupancy | $284,692 |
| Travel | $5,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,219 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,511 |
| Insurance | $85,068 |
| All other expenses | $79,750 |
| Total functional expenses | $7,260,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,825,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,789 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,669 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,500,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,301,233 |
| Total assets | $13,638,143 |
| Accounts payable and accrued expenses | $9,923 |
| Grants payable | $0 |
| Deferred revenue | $2,271 |
| 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 | $5,195,159 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,289,486 |
| Total liabilities | $16,496,839 |
| Net assets without donor restrictions | -$3,465,050 |
| Net assets with donor restrictions | $606,354 |
| 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 | $13,638,143 |