Shining Rock Classical Academy
- Assets
- $3.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Waynesville, NC
- Founding
- 12/2014
- Data as of
- 06/2022
- EIN
- 46-3524987
Organization Overview
Shining Rock Classical Academy is located in Waynesville, NC. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Shining Rock Classical Academy employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shining Rock Classical Academy 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, Shining Rock Classical Academy generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 19.1% per year over the past 7 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 CHARTER SCHOOL FOR EDUCATION OF CHILDREN IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A PUBLIC CHARTER SCHOOL PROVIDING EDUCATION TO ELEMENTARY STUDENTS UNDER THE NORTH CAROLINA DEPARTMENT OF PUBLIC INSTRUCTION CHARTER SCHOOL LEGISLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Castner Member | OfficerTrustee | 1 | $0 |
Frank Lay Member | Trustee | 1 | $0 |
Kelley Lewis Treasurer | OfficerTrustee | 1 | $0 |
Natalie Malis Member | Trustee | 1 | $0 |
Melanie Norman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,544,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,262 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,550,836 |
| Total Program Service Revenue | $104,249 |
| Investment income | $2,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,943 |
| 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 | $5,812,423 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,434,346 |
| Pension plan accruals and contributions | $53,582 |
| Other employee benefits | $334,636 |
| Payroll taxes | $176,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,750 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,719 |
| Advertising and promotion | $0 |
| Office expenses | $163,267 |
| Information technology | $131,295 |
| Royalties | $0 |
| Occupancy | $829,715 |
| Travel | $60,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,865 |
| Interest | $99,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,014 |
| Insurance | $72,321 |
| All other expenses | $21,526 |
| Total functional expenses | $5,675,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $124,356 |
| 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 | $6,036 |
| Net Land, buildings, and equipment | $1,988,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $252,768 |
| Total assets | $3,471,697 |
| Accounts payable and accrued expenses | $18,453 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $1,465,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,584,247 |
| Net assets without donor restrictions | $1,140,062 |
| Net assets with donor restrictions | $747,388 |
| 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 | $3,471,697 |