Peak Academy Charter School
- Assets
- $471.6k
- Revenue
- $303.2k
- Investments
- $0.0
- Employees
- 32
- Location
- Asheville, NC
- Founding
- Data as of
- 06/2021
- EIN
- 84-2992064
Organization Overview
Peak Academy Charter School is located in Asheville, NC. As of 06/2021, Peak Academy Charter School employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak Academy Charter School 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
OPERATION OF AN NORTH CAROLINA PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARED FOR OPENING OF PUBLIC CHARTER SCHOOL IN ASHVILLE, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Poole School Direc | Officer | 40 | $46,188 |
Gene Bell Board Chair | OfficerTrustee | 1.5 | $0 |
Robby Russel Treasurer | OfficerTrustee | 1.5 | $0 |
Susan Shanor Secretary | OfficerTrustee | 1.5 | $0 |
Dr Dwight Mullen Board Member | Trustee | 1 | $0 |
David Robinson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,945 |
| Total Program Service Revenue | $0 |
| 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 | $303,195 |
| 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. | $69,579 |
| Compensation of current officers, directors, key employees. | $69,579 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,595 |
| Payroll taxes | $6,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,401 |
| Fees for services: Accounting | $499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,794 |
| Advertising and promotion | $9,925 |
| Office expenses | $1,302 |
| Information technology | $5,764 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $848 |
| Insurance | $1,690 |
| All other expenses | $0 |
| Total functional expenses | $199,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,553 |
| Savings and temporary cash investments | $151,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $74,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $471,601 |
| Accounts payable and accrued expenses | $913 |
| Grants payable | $0 |
| Deferred revenue | $367,376 |
| 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 | $368,289 |
| Net assets without donor restrictions | $103,312 |
| 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 | $471,601 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Peak Academy Charter School has recieved totaling $461,176.
| Awarding Organization | Amount |
|---|---|
Dogwood Health Trust Asheville, NC PURPOSE: ADDRESSING SOCIAL DETERMINANTS OF HEALTH FOR ASHEVILLE P.E.A.K. ACADEMY STUDENTS | $329,726 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Wnc Bridge Foundation Asheville, NC PURPOSE: NOW GRANT | $6,200 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $250 |
View Grant Recipient Profile
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Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Aspire Health Partners Inc Orlando, FL | $88,783,924 | $102,481,660 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Columbia College Columbia, MO | $267,475,036 | $84,570,180 |