Henderson Collegiate
- Assets
- $33.2m
- Revenue
- $16.0m
- Investments
- $0.0
- Employees
- 218
- Location
- Henderson, NC
- Founding
- 02/2010
- Data as of
- 06/2022
- EIN
- 26-4206516
Organization Overview
Henderson Collegiate is located in Henderson, NC. The organization was established in 2010. 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, Henderson Collegiate employed 218 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson Collegiate 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, Henderson Collegiate generated $16.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $15.6m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL IN HENDERSON, NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL IN HENDERSON, NORTH CAROLINA SERVING APPROXIMATELY 1,289 STUDENTS FOR THE FISCAL YEAR ENDED 6/30/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Rogers President / | OfficerTrustee | 2 | $0 |
Thomas Church Secretary/tr | OfficerTrustee | 2 | $0 |
Kim Butler Director | Trustee | 1 | $0 |
Michael Putney Director | Trustee | 1 | $0 |
Dr Gary Smith Director | Trustee | 1 | $0 |
William Wooten Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 6/29/21 | $190,210 | |
Todman & Todman Enterprises Custodial | 6/29/21 | $190,210 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,828,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $329,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,158,058 |
| Total Program Service Revenue | $12,763,115 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,900 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,298 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,049,311 |
| 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. | $226,946 |
| Compensation of current officers, directors, key employees. | $226,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,049,719 |
| Pension plan accruals and contributions | $758,325 |
| Other employee benefits | $1,984,165 |
| Payroll taxes | $562,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,348 |
| Fees for services: Accounting | $13,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,080,524 |
| Advertising and promotion | $19,749 |
| Office expenses | $443,364 |
| Information technology | $503,739 |
| Royalties | $0 |
| Occupancy | $382,552 |
| Travel | $50,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $165,602 |
| Interest | $577,263 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $859,583 |
| Insurance | $94,693 |
| All other expenses | $36,815 |
| Total functional expenses | $15,620,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,803,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,627 |
| 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 | $54,919 |
| Net Land, buildings, and equipment | $19,725,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,462,808 |
| Total assets | $33,223,567 |
| Accounts payable and accrued expenses | $155,938 |
| Grants payable | $0 |
| Deferred revenue | $151,154 |
| 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 | $15,357,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,688,484 |
| Total liabilities | $39,352,646 |
| Net assets without donor restrictions | -$6,259,074 |
| Net assets with donor restrictions | $129,995 |
| 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 | $33,223,567 |