Raleigh Charter High School
- Assets
- $7.1m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 84
- Location
- Raleigh, NC
- Founding
- 07/2000
- Data as of
- 06/2022
- 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 06/2022, Raleigh Charter High School employed 84 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 06/2022, Raleigh Charter High School generated $6.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 3.3% 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
2022
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 | $119,625 |
Jameson Marks Chair | OfficerTrustee | 1 | $0 |
Jonathan Green Treasurer | OfficerTrustee | 1 | $0 |
Patrick Murray Secretary | OfficerTrustee | 1 | $0 |
Paul Mcsorley Vice Chair | OfficerTrustee | 1 | $0 |
Jessica Mcdonald Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $419,000 |
| Government grants | $5,522,790 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,431 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,272,221 |
| Total Program Service Revenue | $268,069 |
| 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 | $6,543,765 |
| 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 | $3,986,109 |
| Pension plan accruals and contributions | $189,852 |
| Other employee benefits | $336,811 |
| Payroll taxes | $306,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $668 |
| Fees for services: Accounting | $14,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,229 |
| Office expenses | $7,450 |
| 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 | $28,672 |
| Insurance | $29,070 |
| All other expenses | $174,868 |
| Total functional expenses | $6,320,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,518 |
| Savings and temporary cash investments | $1,579,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $234,792 |
| 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 | $4,113 |
| Net Land, buildings, and equipment | $141,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,734,919 |
| Total assets | $7,112,774 |
| Accounts payable and accrued expenses | $875,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $4,577,032 |
| 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 | $5,614,055 |
| Net assets without donor restrictions | $1,427,425 |
| 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 | $7,112,774 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Raleigh Charter High School has recieved totaling $73,068.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $23,898 |
Varnum-De Rose Trust Pittsburgh, PA PURPOSE: GENERAL OPERATING | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,770 |
Seby B Jones Family Foundation Inc Raleigh, NC PURPOSE: GENERAL SUPPORT | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
James Island Charter High School Charleston, SC | $22,889,433 | $20,877,381 |
Legacy Early College Greenville, SC | $11,865,335 | $23,115,805 |
Pine Lake Preparatory Inc Mooresville, NC | $43,880,592 | $18,139,159 |
Memphis Business Academy Memphis, TN | $29,884,603 | $21,343,740 |
Uwharrie Green School Inc Asheboro, NC | $37,750,042 | $15,359,750 |
Bradford Preparatory School Charlotte, NC | $43,531,972 | $16,692,910 |
Triangle Charter Education Association Inc Cary, NC | $23,775,884 | $15,148,719 |
Invest Collegiate Imagine Inc Asheville, NC | $38,770,080 | $14,359,175 |
Henderson Collegiate Henderson, NC | $34,215,458 | $16,220,503 |
Coastal Plains Education Center Inc Metter, GA | $21,944,449 | $17,839,473 |
Mountain Island Charter School Inc Mount Holly, NC | $10,307,817 | $15,645,892 |
High Point Academy Inc Spartanburg, SC | $32,871,458 | $16,108,414 |