Thomas Jefferson Classical Academy
- Assets
- $5.6m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 231
- Location
- Mooresboro, NC
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 56-2123336
Organization Overview
Thomas Jefferson Classical Academy is located in Mooresboro, NC. The organization was established in 1999. 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, Thomas Jefferson Classical Academy employed 231 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Jefferson Classical 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 06/2022, Thomas Jefferson Classical Academy generated $14.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $13.7m during the year ending 06/2022. While expenses have increased by 5.1% 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
OPERATE A CHARTER SCHOOL IN NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES, TEACHERS AND MATERIALS TO STUDENTS ENROLLED IN A CHARTER SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Foley Team Cfp&co-Treasurer | OfficerTrustee | 2 | $0 |
Kristen Stearns K-5 Staff Rep | OfficerTrustee | 1 | $0 |
Ron Schaeffer 6-12 Staff Rep | OfficerTrustee | 1 | $0 |
Ray Maxwell Grievance Chair | OfficerTrustee | 2 | $0 |
Tony Robbins Director | Trustee | 1 | $0 |
Andy Francis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,999,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,518 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,203,815 |
| Total Program Service Revenue | $375,901 |
| 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 | $13,975,505 |
| 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. | $347,066 |
| Compensation of current officers, directors, key employees. | $214,592 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,225,707 |
| Pension plan accruals and contributions | $337,469 |
| Other employee benefits | $988,752 |
| Payroll taxes | $547,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,250 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,442 |
| Office expenses | $527,602 |
| Information technology | $89,956 |
| Royalties | $0 |
| Occupancy | $1,118,203 |
| Travel | $11,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,607 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,518 |
| Insurance | $97,537 |
| All other expenses | $607,210 |
| Total functional expenses | $13,713,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,944,129 |
| Savings and temporary cash investments | $178,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,837 |
| 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 | $13,748 |
| Net Land, buildings, and equipment | $1,387,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,561,698 |
| Accounts payable and accrued expenses | $78,967 |
| Grants payable | $0 |
| Deferred revenue | $133,501 |
| 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 | $212,468 |
| Net assets without donor restrictions | $0 |
| 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 | $1,401,103 |
| Retained earnings, endowment, accumulated income, or other funds | $3,948,127 |
| Total liabilities and net assets/fund balances | $5,561,698 |