Davidson Charter Academy Inc
- Assets
- $11.0m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 83
- Location
- Lexington, NC
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 81-3746270
Organization Overview
Davidson Charter Academy Inc is located in Lexington, NC. The organization was established in 2018. 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, Davidson Charter Academy Inc employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davidson Charter 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 06/2022, Davidson Charter Academy Inc generated $5.4m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER STUDENT LEARNING AND ACHIEVEMENT, AND INSPIRE STUDENTS TO BECOME INDEPENDENT THINKERS, EFFECTIVE COMMUNICATORS, AND CONTRIBUTING CITIZENS OF A GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN LEXINGTON, NC, SERVING APPROXIMATELY 482 STUDENTS FOR THE FISCAL YEAR ENDING 6/30/2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Alston Treasurer | OfficerTrustee | 1 | $0 |
Kristin Briggs Member | Trustee | 1 | $0 |
Christine England Vice-Chairpe | OfficerTrustee | 3 | $0 |
Andrew Lance Secretary | OfficerTrustee | 1 | $0 |
Greg Turlington Chairperson | OfficerTrustee | 3 | $0 |
Amanda Whitaker Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,638 |
| Related organizations | $0 |
| Government grants | $5,151,724 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,290,362 |
| Total Program Service Revenue | $0 |
| Investment income | $484 |
| 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 | $5,357,121 |
| 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 | $2,327,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $278,882 |
| Payroll taxes | $176,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,498 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,374 |
| Advertising and promotion | $14,785 |
| Office expenses | $37,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $361,247 |
| Travel | $15,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $597,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $193,400 |
| Insurance | $53,946 |
| All other expenses | $13,270 |
| Total functional expenses | $4,745,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,830,809 |
| Savings and temporary cash investments | $280,289 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,426 |
| 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 | $8,866,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,981,626 |
| Accounts payable and accrued expenses | $124,936 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,273,100 |
| 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 | $9,398,036 |
| Net assets without donor restrictions | $1,583,590 |
| 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 | $10,981,626 |