Brevard Academy
- Assets
- $10.3m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Pisgah Forest, NC
- Founding
- 05/1998
- Data as of
- 06/2024
- EIN
- 56-2049981
Organization Overview
Brevard Academy is located in Pisgah Forest, NC. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Brevard Academy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brevard Academy 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, Brevard Academy generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.6m during the year ending 06/2024. While expenses have increased by 5.9% 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
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 AS CHARTER SCHOOL LOUISURG, NC SERVING APPROXIMATELY 406 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Campanini Chairman | OfficerTrustee | 1 | $0 |
Jamie Atkinson Vice Chair | OfficerTrustee | 1 | $0 |
Paul Cooper Treasurer | OfficerTrustee | 1 | $0 |
Mark Franklin Board Member | OfficerTrustee | 1 | $0 |
Tyree Griffin Board Member | OfficerTrustee | 1 | $0 |
Jen Sylva Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,565 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,475 |
| Total Program Service Revenue | $5,223,638 |
| 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 | $5,442,113 |
| 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 | $2,600,849 |
| Pension plan accruals and contributions | $562,035 |
| Other employee benefits | $408,725 |
| Payroll taxes | $240,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,449 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $48,676 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $159,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $256,484 |
| Insurance | $37,269 |
| All other expenses | $86,592 |
| Total functional expenses | $5,630,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,150,602 |
| Savings and temporary cash investments | $101,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,211 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,456,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,505,260 |
| Total assets | $10,338,905 |
| Accounts payable and accrued expenses | $20,483 |
| 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 | $6,459,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,335,256 |
| Total liabilities | $13,814,787 |
| Net assets without donor restrictions | -$3,475,882 |
| 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 | $10,338,905 |