Monroe Charter Academy
- Assets
- $93.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 16
- Location
- Monroe, NC
- Founding
- 03/2019
- Data as of
- 06/2021
- EIN
- 81-3838227
Organization Overview
Monroe Charter Academy is located in Monroe, NC. The organization was established in 2019. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Monroe Charter Academy employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe Charter Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP EACH CHILD INTO AN ACADEMICALLY THRIVING CITIZEN BY PARTNERING WITH PARENTS AND THE COMMUNITY, UTILITIZING HIGH EXPECTATIONS AND A RIGOROUS CLASSICAL EDUCATION DELIVERED WITH PURPOSEFUL AND SPIRITED DEVOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN MONROE, NORTH CAROLINA, SERVING APPROXIMATELY 83 STUDENTS FOR THE FISCAL YEAR ENDING 6/30/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camela Ford Headmaster | Officer | 40 | $66,381 |
Carmelina Brockmann Vice Chair | OfficerTrustee | 1 | $0 |
Jim Stegall Board Chair | OfficerTrustee | 1 | $0 |
Marcia Jeter Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Prevost Secretary | OfficerTrustee | 1 | $0 |
Terae Hill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,468 |
| Total Program Service Revenue | $887,409 |
| 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 | $1,236,937 |
| 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. | $71,400 |
| Compensation of current officers, directors, key employees. | $71,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $393,609 |
| Pension plan accruals and contributions | $5,525 |
| Other employee benefits | $41,986 |
| Payroll taxes | $37,278 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,841 |
| Advertising and promotion | $18,215 |
| Office expenses | $11,542 |
| Information technology | $83,317 |
| Royalties | $0 |
| Occupancy | $119,492 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,816 |
| Interest | $15,664 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406 |
| Insurance | $11,664 |
| All other expenses | $4,866 |
| Total functional expenses | $1,063,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,169 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,771 |
| 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 | $2,639 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,579 |
| Accounts payable and accrued expenses | $49,144 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $120,614 |
| Other liabilities | $0 |
| Total liabilities | $169,758 |
| Net assets without donor restrictions | -$76,179 |
| 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 | $93,579 |
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