Asheville Peak Academy
- Assets
- $561.6k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 32
- Location
- Asheville, NC
- Founding
- Data as of
- 06/2022
- EIN
- 84-2992064
Organization Overview
Asheville Peak Academy is located in Asheville, NC. As of 06/2022, Asheville Peak Academy employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asheville Peak 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, Asheville Peak Academy generated $2.1m in total revenue. All expenses for the organization totaled $1.7m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF AN NORTH CAROLINA PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 81 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/22.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Bell Board Chair | OfficerTrustee | 1.5 | $0 |
Robby Russel Treasurer | OfficerTrustee | 1.5 | $0 |
Susan Shanor Secretary | OfficerTrustee | 1.5 | $0 |
Andy Barnett Board Member | Trustee | 1 | $0 |
David Robinson Board Member | Trustee | 1 | $0 |
Dr Dwight Mullen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $183,923 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,928 |
| Total Program Service Revenue | $848,320 |
| Investment income | $0 |
| 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 | $2,144,018 |
| 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. | $104,450 |
| Compensation of current officers, directors, key employees. | $104,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $722,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,683 |
| Payroll taxes | $67,329 |
| 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 | $184,976 |
| Advertising and promotion | $7,885 |
| Office expenses | $177,701 |
| Information technology | $93,585 |
| Royalties | $0 |
| Occupancy | $69,698 |
| Travel | $3,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,029 |
| Insurance | $13,168 |
| All other expenses | $6,777 |
| Total functional expenses | $1,717,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,837 |
| Savings and temporary cash investments | $3,903 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,015 |
| 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 | $2,950 |
| Net Land, buildings, and equipment | $358,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,634 |
| Accounts payable and accrued expenses | $31,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,726 |
| Net assets without donor restrictions | $529,908 |
| 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 | $561,634 |