College Preparatory & Leadership Academy Of High Point
- Assets
- $15.4m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 143
- Location
- Jamestown, NC
- Founding
- 06/2014
- Data as of
- 06/2021
- EIN
- 45-4367209
Organization Overview
College Preparatory & Leadership Academy Of High Point is located in Jamestown, NC. The organization was established in 2014. According to its NTEE Classification (O54) the organization is classified as: Youth Development - Citizenship, under the broad grouping of Youth Development and related organizations. As of 06/2021, College Preparatory & Leadership Academy Of High Point employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Preparatory & Leadership Academy Of High Point 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 06/2021, College Preparatory & Leadership Academy Of High Point generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $7.0m during the year ending 06/2021. While expenses have increased by 17.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL IN GREENSBORO, NC SERVING APPROXIMATELY 727 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michelle Johnson Non-Voting Executive Di | OfficerTrustee | 40 | $109,639 |
Kevin Grier Board Chair | OfficerTrustee | 1 | $0 |
Tamara Turner Vice Chair | Trustee | 1 | $0 |
Tacuma Johnson Secretary | Trustee | 1 | $0 |
Dr Linda Mcrae Director | Trustee | 1 | $0 |
Marcus Brandon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,503,351 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,504,351 |
| Total Program Service Revenue | $7,416,663 |
| Investment income | $42 |
| 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 | $8,970,663 |
| 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. | $99,036 |
| Compensation of current officers, directors, key employees. | $99,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,384,057 |
| Pension plan accruals and contributions | $18,971 |
| Other employee benefits | $389,296 |
| Payroll taxes | $236,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,014 |
| Fees for services: Accounting | $9,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $624,545 |
| Advertising and promotion | $2,523 |
| Office expenses | $161,319 |
| Information technology | $142,254 |
| Royalties | $0 |
| Occupancy | $669,052 |
| Travel | $3,500 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,196 |
| Interest | $528,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $312,302 |
| Insurance | $30,183 |
| All other expenses | $22,022 |
| Total functional expenses | $6,984,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,939,146 |
| Savings and temporary cash investments | $1,682,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,143 |
| 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 | $11,700,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,417,140 |
| Accounts payable and accrued expenses | $32,996 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,895,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $365,000 |
| Unsecured mortgages and notes payable | $59,738 |
| Other liabilities | $0 |
| Total liabilities | $13,352,734 |
| Net assets without donor restrictions | $2,064,406 |
| 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 | $15,417,140 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that College Preparatory & Leadership Academy Of High Point has recieved totaling $368.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory & Leadership Academy Of High Point Jamestown, NC | $15,417,140 | $8,970,663 |
Georgia Center For Civic Engagement Cartersville, GA | $284,163 | $696,352 |
Break Away The Alternative Break Connection Inc Decatur, GA | $127,202 | $270,442 |
Girls Inspired & Ready To Lead Fairfax, VA | $1,888 | $0 |
Daughters Of Worth Greenville, NC | $11,378 | $0 |
Grow Your World Carrboro, NC | $72,458 | $0 |
United States Marines Youth Foundation Inc Stafford, VA | $883,881 | $80,273 |
Balvikas Inc Ashburn, VA | $158,133 | $111,799 |
Youth Of Nc Inc Greensboro, NC | $2,491 | $0 |
Georgia Girls State Inc Stockbridge, GA | $133,439 | $0 |
Movement Of Youth Incorporated Durham, NC | $0 | $0 |