Metrolina Regional Scholars Academy Inc
- Assets
- $9.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 86
- Location
- Charlotte, NC
- Founding
- 04/2000
- Data as of
- 06/2023
- EIN
- 56-2153618
Organization Overview
Metrolina Regional Scholars Academy Inc is located in Charlotte, 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, Metrolina Regional Scholars Academy Inc employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metrolina Regional Scholars Academy 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 06/2023, Metrolina Regional Scholars Academy Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. While expenses have increased by 4.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL IN CHARLOTTE, NORTH CAROLINA, SERVING 388 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ari Piper Executive Director | Officer | 40 | $124,193 |
Sridhar Dasu Director | Trustee | 1 | $0 |
Natesha Morrison Director | Trustee | 1 | $0 |
Catherine Lewis Chair | OfficerTrustee | 9 | $0 |
Dominique Palmer Secretary | OfficerTrustee | 3 | $0 |
Erica Womer Vice Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $283,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $216,648 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,645 |
| Total Program Service Revenue | $5,009,165 |
| 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 | $5,509,810 |
| 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 | $2,797,740 |
| Pension plan accruals and contributions | $44,048 |
| Other employee benefits | $394,107 |
| Payroll taxes | $210,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,384 |
| Fees for services: Accounting | $8,196 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,284 |
| Interest | $110,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,224 |
| Insurance | $26,125 |
| All other expenses | $0 |
| Total functional expenses | $4,387,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,467,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $54,902 |
| Accounts receivable, net | $1,400 |
| 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 | $27,727 |
| Net Land, buildings, and equipment | $4,744,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,295,320 |
| Accounts payable and accrued expenses | $269,809 |
| 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 | $1,924,663 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,399 |
| Total liabilities | $2,263,871 |
| Net assets without donor restrictions | $7,031,449 |
| 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 | $9,295,320 |