Pungo Christian Academy Inc
- Assets
- $1.1m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 49
- Location
- Belhaven, NC
- Founding
- 02/1984
- Data as of
- 05/2023
- EIN
- 56-0906348
Organization Overview
Pungo Christian Academy Inc is located in Belhaven, NC. The organization was established in 1984. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 05/2023, Pungo Christian Academy Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pungo Christian Academy Inc 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 05/2023, Pungo Christian Academy Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $1.8m during the year ending 05/2023. While expenses have increased by 7.8% 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
PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATIONAL OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED, OR COLOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE SCHOOL OFFERING ELEMENTARY AND HIGH SCHOOL EDUCATION OPPORTUNITIES TO ALL PERSONS WITHOUT REGARD TO RACE, CREED, OR COLOR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren K Armstrong Board Member | Trustee | 1.5 | $0 |
Sandra Warren Board Member | Trustee | 1.5 | $0 |
Bethany Pugh Secretary/treasurer | Trustee | 1.5 | $0 |
Charles Tooley Board Member | Trustee | 1.5 | $0 |
Michael Cutler Chairman | Trustee | 1.5 | $0 |
Julie Hodges Board Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $299,131 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,081 |
| Total Program Service Revenue | $1,554,675 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $89,943 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,977,699 |
| 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 | $1,017,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $768 |
| Payroll taxes | $76,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,279 |
| Advertising and promotion | $895 |
| Office expenses | $5,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $417 |
| Interest | $5,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,030 |
| Insurance | $50,113 |
| All other expenses | $144,361 |
| Total functional expenses | $1,769,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,582 |
| Savings and temporary cash investments | $150,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,259 |
| 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 | $541,697 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,322 |
| Total assets | $1,123,860 |
| Accounts payable and accrued expenses | $210,915 |
| Grants payable | $0 |
| Deferred revenue | $270,318 |
| 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 | $113,567 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $594,800 |
| Net assets without donor restrictions | $0 |
| 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 | $529,060 |
| Total liabilities and net assets/fund balances | $1,123,860 |