Wilmington Education Organization

Organization Overview

Wilmington Education Organization, operating under the name Coastal Preparatory Academy, is located in Wilmington, NC. The organization was established in 2017. 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, Coastal Preparatory Academy employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coastal Preparatory 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, Coastal Preparatory Academy generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 22.0% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PUBLIC K-8 CHARTER SCHOOL LOCATED IN NEW HANOVER COUNTY, PROVIDING TUITION-FREE EDUCATION TO THE PUBLIC AND OPEN TO ALL RESIDENTS OF NORTH CAROLINA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF A CHARTER SCHOOL SERVING 727 STUDENTS FOR THE YEAR ENDED JUNE 30, 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Mysiuk
Chair
$0
David Anderson
Treasurer
$0
Christie Coats
Vice Chair
$0
Karen Gaskill
Secretary
$0
Kimberly Rivenbark
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $488,779
All other contributions, gifts, grants, and similar amounts not included above$7,127
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$495,906
Total Program Service Revenue$6,842,657
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,835,268
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 $9,173,831

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wilmington Education Organization has recieved totaling $544.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$544
View Grant Recipient Profile

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