Maureen Joy Charter School
- Assets
- $9.4m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 130
- Location
- Durham, NC
- Founding
- 06/1997
- Data as of
- 06/2022
- EIN
- 56-1994950
Organization Overview
Maureen Joy Charter School is located in Durham, NC. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Maureen Joy Charter School employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maureen Joy 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 06/2022, Maureen Joy Charter School generated $9.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $9.6m during the year ending 06/2022. While expenses have increased by 8.8% per year over the past 3 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
OPERATION OF A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A PUBLIC CHARTER SCHOOL IN DURHAM, NC SERVING APPROXIMATELY 640 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Bryant Board Chair | OfficerTrustee | 1 | $0 |
Elan Hope Vice Chair | OfficerTrustee | 1 | $0 |
Michael Martin Secretary | OfficerTrustee | 1 | $0 |
Dwayne Whittington Treasurer | OfficerTrustee | 1 | $0 |
Reginald Johnson Co-Treasurer | OfficerTrustee | 1 | $0 |
Aliyah Abdur-Rahman Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Durham Public Schools Food Service | 6/29/20 | $299,785 |
Acadia Northstar Llc Acct & Bus Mgmt | 6/29/20 | $137,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,049,581 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,111,742 |
| Total Program Service Revenue | $7,414,554 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,532,289 |
| 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. | $233,800 |
| Compensation of current officers, directors, key employees. | $233,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,315,064 |
| Pension plan accruals and contributions | $106,774 |
| Other employee benefits | $646,014 |
| Payroll taxes | $410,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,712 |
| Fees for services: Accounting | $10,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,121,786 |
| Advertising and promotion | $21,806 |
| Office expenses | $197,188 |
| Information technology | $47,893 |
| Royalties | $0 |
| Occupancy | $142,220 |
| Travel | $2,137 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,837 |
| Interest | $196,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $291,253 |
| Insurance | $70,183 |
| All other expenses | $67,726 |
| Total functional expenses | $9,590,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,797,899 |
| Savings and temporary cash investments | $502,515 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,412 |
| 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 | $133,186 |
| Net Land, buildings, and equipment | $5,992,249 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,430,261 |
| Accounts payable and accrued expenses | $71,945 |
| 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 | $5,800,409 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,872,354 |
| Net assets without donor restrictions | $3,557,907 |
| 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 | $9,430,261 |