Woods Charter School Company
- Assets
- $10.8m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 150
- Location
- Chapel Hill, NC
- Founding
- 01/2007
- Data as of
- 06/2023
- EIN
- 86-1100613
Organization Overview
Woods Charter School Company is located in Chapel Hill, NC. The organization was established in 2007. 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, Woods Charter School Company employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woods Charter School Company 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, Woods Charter School Company generated $6.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $6.4m during the year ending 06/2023. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A PUBLIC CHARTER SCHOOL IN CHAPEL HILL NORTH CAROLINA SERVING APPROXIMATELY 506 STUDENTS IN GRADES K-12 FOR THE FISCAL YEAR ENDING 6/30/2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cotton Bryan Principal | Officer | 40 | $92,239 |
Rachel Lawrence Faculity Rep | Trustee | 1 | $65,519 |
Andrew Borum Member | Trustee | 1 | $0 |
Robb Czyzewski Member | Trustee | 1 | $0 |
Collette Drake Board Chair | OfficerTrustee | 1 | $0 |
Doreen Messick Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $423,784 |
| Government grants | $5,923,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,350,391 |
| Total Program Service Revenue | $461,076 |
| Investment income | $31,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,566 |
| 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 | $6,914,708 |
| 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. | $160,758 |
| Compensation of current officers, directors, key employees. | $26,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,962,955 |
| Pension plan accruals and contributions | $121,180 |
| Other employee benefits | $402,881 |
| Payroll taxes | $300,709 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,052 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $375,595 |
| Advertising and promotion | $3,048 |
| Office expenses | $30,394 |
| Information technology | $137,609 |
| Royalties | $0 |
| Occupancy | $99,088 |
| Travel | $84,217 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,875 |
| Interest | $202,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248,357 |
| Insurance | $33,796 |
| All other expenses | $10,502 |
| Total functional expenses | $6,438,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125,325 |
| Savings and temporary cash investments | $3,157,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,558 |
| 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 | $20,749 |
| Net Land, buildings, and equipment | $6,431,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,318 |
| Total assets | $10,805,770 |
| Accounts payable and accrued expenses | $54,588 |
| Grants payable | $0 |
| Deferred revenue | $23,844 |
| 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 | $6,162,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,777 |
| Total liabilities | $6,258,328 |
| Net assets without donor restrictions | $4,547,442 |
| 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 | $10,805,770 |