Gray Stone Educational Foundation Inc

Organization Overview

Gray Stone Educational Foundation Inc is located in Misenheimer, NC. The organization was established in 2002. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Gray Stone Educational Foundation Inc employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gray Stone Educational Foundation 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, Gray Stone Educational Foundation Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $6.5m during the year ending 06/2023. While expenses have increased by 9.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FACILITIES, TEACHERS, AND MATERIALS TO STUDENTS ENROLLED AT A PUBLIC CHARTER SCHOOL


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Board, Officers & Key Employees

Name (title)Compensation
Charles Parnell
Board Member
$0
Stephen Chambers
Chairman Of The Board
$0
Ron Garrow
Board Member
$0
Jim Hillier
Board Member
$0
Andrew Burleson
Board Member
$0
Pat Bramlett
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,162,353
All other contributions, gifts, grants, and similar amounts not included above$193,484
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,355,837
Total Program Service Revenue$100,077
Investment income $9,215
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 $7,487,489

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