The Academy Of Moore County
- Assets
- $9.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 71
- Location
- Aberdeen, NC
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 56-2121604
Organization Overview
The Academy Of Moore County is located in Aberdeen, NC. The organization was established in 1999. 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, Academy Of Moore County employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Moore County 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, Academy Of Moore County generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 17.0% 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 PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED AS A CHARTER SCHOOL IN ABERDEEN, NC SERVING APPROXIMATELY 446 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Busby Treasurer | OfficerTrustee | 1 | $0 |
Dr David Nordloh Chairman | OfficerTrustee | 1 | $0 |
Michael Holden CPA Director | Trustee | 1 | $0 |
William E Scholtes Director | Trustee | 1 | $0 |
Dee Park Director | Trustee | 1 | $0 |
Rebecca Wood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,619,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,660,167 |
| Total Program Service Revenue | $98,953 |
| Investment income | $141 |
| 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 | $4,952,820 |
| 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 | $2,474,533 |
| Pension plan accruals and contributions | $500,902 |
| Other employee benefits | $432,343 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $345,061 |
| Advertising and promotion | $0 |
| Office expenses | $117,466 |
| Information technology | $52,116 |
| Royalties | $0 |
| Occupancy | $43,110 |
| Travel | $63,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,240 |
| Insurance | $15,257 |
| All other expenses | $1,954 |
| Total functional expenses | $4,660,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,355 |
| Accounts receivable, net | $4,548 |
| 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 | $20,038 |
| Net Land, buildings, and equipment | $5,005,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $89,153 |
| Other assets | $2,485,071 |
| Total assets | $9,085,944 |
| Accounts payable and accrued expenses | $13,648 |
| Grants payable | $0 |
| Deferred revenue | $14,002 |
| 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 | $4,739,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,929,462 |
| Total liabilities | $10,696,221 |
| Net assets without donor restrictions | -$1,610,277 |
| 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 | $9,085,944 |
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