Mountain Island Day
- Assets
- $985.7k
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 114
- Location
- Charlotte, NC
- Founding
- 09/2019
- Data as of
- 06/2023
- EIN
- 01-0916385
Organization Overview
Mountain Island Day is located in Charlotte, 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 06/2023, Mountain Island Day employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Island Day 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, Mountain Island Day generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $10.6m during the year ending 06/2023. While expenses have increased by 26.2% per year over the past 5 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
PUBLIC, TUITION-FREE CHARTER SCHOOL EDUCATING AND NURTURING THE WHOLE CHILD. ALONG WITH SCHOLASTIC ENDEAVORS, THE SCHOOL FOCUSES ON CHARACTER, ETHICS, SERVICE, PHYSICAL AND EMOTIONAL HEALTH IN A CREATIVE AND POSITIVE ENVIRONMENT THAT ENHANCES LEARNING AND GROWING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TUITION-FREE, PUBLIC CHARTER SCHOOL ENROLLED 815 STUDENTS IN ITS FIFTH YEAR OF OPERATION IN GRADES K THROUGH 12 COMPARED TO 768 STUDENTS IN THE PRIOR YEAR. IN APRIL 2023, THE STATE BOARD OF EDUCATION APPROVED A 7-YEAR CHARTER RENEWAL FOR THE SCHOOL.THE SCHOOL OPERATES WITHIN A "SMALL SCHOOL" ENVIRONMENT ORGANIZED AROUND SMALLER, MORE PERSONALIZED UNITS OF ADULTS AND STUDENTS, GIVING STUDENTS A BETTER CHANCE OF BEING KNOWN AND NOTICED. HOWEVER, SMALL SCHOOLS ARE MORE THAN JUST SMALL IN SIZE AND FUNCTION; THEY ARE FORMED AROUND THREE CORE PRINCIPLES: ACADEMIC RIGOR, PERSONALIZED RELATIONSHIPS, AND RELEVANCE TO THE WORLD OF WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Winstead Dean Of Ops. | Officer | 40 | $78,339 |
Tom Winstead Dean Of Ops. | Officer | 40 | $60,430 |
Amy Bruining Chair | OfficerTrustee | 5 | $0 |
Mike Teeter Secretary | OfficerTrustee | 5 | $0 |
Ken Holt Treasurer | OfficerTrustee | 5 | $0 |
Daniel Tart Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $367,788 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,419 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $371,207 |
| Total Program Service Revenue | $8,291,520 |
| 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 | $8,662,727 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,956,067 |
| 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. | $150,167 |
| Compensation of current officers, directors, key employees. | $150,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,633,252 |
| Pension plan accruals and contributions | $228,885 |
| Other employee benefits | $415,315 |
| Payroll taxes | $299,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,700 |
| Fees for services: Accounting | $78,857 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,572 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,304,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,998 |
| Insurance | $35,047 |
| All other expenses | $135,909 |
| Total functional expenses | $10,602,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $388,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,693 |
| 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 | $378,271 |
| Net Land, buildings, and equipment | $85,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $985,678 |
| Accounts payable and accrued expenses | $239,421 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $239,421 |
| Net assets without donor restrictions | $746,257 |
| 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 | $985,678 |