New Dimensions - A Public Charter School
- Assets
- $6.1m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 93
- Location
- Morganton, NC
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 56-2221716
Organization Overview
New Dimensions - A Public Charter School is located in Morganton, NC. The organization was established in 2001. 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, New Dimensions - A Public Charter School employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Dimensions - A Public Charter School 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, New Dimensions - A Public Charter School generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $4.5m during the year ending 06/2022. While expenses have increased by 11.4% 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
OPERATE A PUBLIC CHARTER SCHOOL PURSUANT TO G.S. 115C-238.29A
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Smith Member | Trustee | 2 | $0 |
Casey Kinard Member | Trustee | 2 | $0 |
David Martin Treasurer | OfficerTrustee | 2 | $0 |
David Burleson School Director | Officer | 40 | $86,700 |
Chris Beam Member | OfficerTrustee | 2 | $0 |
Tracy Jones Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,602,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,238 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,793,171 |
| Total Program Service Revenue | $75,877 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,316 |
| 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 | $5,853,928 |
| 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. | $121,441 |
| Compensation of current officers, directors, key employees. | $34,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,556,665 |
| Pension plan accruals and contributions | $22,429 |
| Other employee benefits | $317,783 |
| Payroll taxes | $210,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,658 |
| Office expenses | $32,501 |
| Information technology | $29,039 |
| Royalties | $0 |
| Occupancy | $82,883 |
| Travel | $189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,690 |
| Interest | $134,663 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,632 |
| Insurance | $23,767 |
| All other expenses | $116,820 |
| Total functional expenses | $4,533,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,108,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $896,646 |
| 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 | $81,616 |
| Net Land, buildings, and equipment | $4,036,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,123,386 |
| Accounts payable and accrued expenses | $52,253 |
| Grants payable | $0 |
| Deferred revenue | $12,347 |
| 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 | $2,695,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,760,074 |
| Net assets without donor restrictions | $2,022,159 |
| Net assets with donor restrictions | $1,341,153 |
| 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 | $6,123,386 |