Raleigh Charter High School
- Assets
- $6.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 63
- Location
- Raleigh, NC
- Founding
- 07/2000
- Data as of
- 06/2023
- EIN
- 56-2121381
Organization Overview
Raleigh Charter High School is located in Raleigh, NC. The organization was established in 2000. 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, Raleigh Charter High School employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raleigh Charter High 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, Raleigh Charter High School generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. While expenses have increased by 4.0% 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
RALEIGH CHARTER HIGH SCHOOL CHALLENGES COLLEGE BOUND STUDENTS IN A CREATIVE AND SUPPORTIVE ATMOSPHERE TO BECOME KNOWLEDGEABLE, THOUGHTFUL, CONTRIBUTING STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER HIGH SCHOOL IN RALEIGH, NC SERVING APPROXIMATELY 560 STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Huddleston Principal And Board Member | OfficerTrustee | 40 | $138,889 |
Jessica Mcdonald Board Member | Trustee | 1 | $0 |
Rebecca Mann White Board Member | Trustee | 1 | $0 |
Paul Mcsorley Chair | OfficerTrustee | 1 | $0 |
Peter Smith Vice Chair | OfficerTrustee | 1 | $0 |
Jamie Rudd Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $570,000 |
| Government grants | $5,656,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,572,879 |
| Total Program Service Revenue | $309,780 |
| Investment income | $19,858 |
| 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 | $6,980,878 |
| 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. | $138,889 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,044,835 |
| Pension plan accruals and contributions | $210,921 |
| Other employee benefits | $358,134 |
| Payroll taxes | $315,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $732 |
| Office expenses | $8,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $25,838 |
| Insurance | $47,976 |
| All other expenses | $255,647 |
| Total functional expenses | $6,924,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,055 |
| Savings and temporary cash investments | $1,148,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $407,124 |
| 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 | $115,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,336,698 |
| Total assets | $6,279,777 |
| Accounts payable and accrued expenses | $351,677 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,210,978 |
| 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 | $162,000 |
| Total liabilities | $4,724,655 |
| Net assets without donor restrictions | $1,483,828 |
| Net assets with donor restrictions | $71,294 |
| 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 | $6,279,777 |