Bear Grass Charter School Inc
- Assets
- $3.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Williamston, NC
- Founding
- 08/1998
- Data as of
- 06/2024
- EIN
- 56-2079581
Organization Overview
Bear Grass Charter School Inc is located in Williamston, NC. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bear Grass Charter 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 06/2024, Bear Grass Charter School Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.3m during the year ending 06/2024. While expenses have increased by 7.0% per year over the past 9 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
THE MISSION OF BEAR GRASS CHARTER SCHOOL IS TO ENHANCE THE QUALITY OF LIFE OF ALL STUDENTS BY ENSURING THEY POSSESS THE COMPETENCIES TO ACHIEVE SUCCESS IN A TECHNOLOGICAL WORLD. BEAR GRASS CHARTER SCHOOL WILL PREPARE STUDENTS TO ENTER AND BECOME SUCCESSFUL IN A DIVERSE AND TECHNOLOGICAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEAR GRASS CHARTER SCHOOL OPERATED DURING FISCAL YEAR 6/30/24 AS A 6-12 SCHOOL SERVING APPROXIMATELY 450 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delmas B Cumbee Jr Chair | OfficerTrustee | 5 | $0 |
William P Hodges President | OfficerTrustee | 5 | $0 |
Pamela C Gibbs Secretary | OfficerTrustee | 5 | $0 |
Frank F Beck Director | Trustee | 5 | $0 |
Georgia B Smallwood Director | Trustee | 5 | $0 |
Charlotte B Griffin Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,207,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,361,066 |
| Total Program Service Revenue | $3,343 |
| Investment income | $7,929 |
| 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 | $5,372,338 |
| 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 | $2,844,860 |
| Pension plan accruals and contributions | $609,732 |
| Other employee benefits | $321,548 |
| Payroll taxes | $220,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,385 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,426 |
| Office expenses | $0 |
| Information technology | $60,368 |
| Royalties | $0 |
| Occupancy | $222,069 |
| Travel | $27,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,745 |
| Insurance | $69,381 |
| All other expenses | $110,127 |
| Total functional expenses | $5,297,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $945,818 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,497 |
| 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 | $53,498 |
| Net Land, buildings, and equipment | $1,929,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,955,441 |
| Accounts payable and accrued expenses | $35,397 |
| Grants payable | $0 |
| Deferred revenue | $7,082 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,479 |
| Net assets without donor restrictions | $2,912,962 |
| 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 | $2,955,441 |