School Of The Arts For Boys Academy is located in Sanford, NC. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. School Of The Arts For Boys Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
BEGAN SETTING UP OPERATIONS FOR A CHARTER SCHOOL TO BEGIN SERVING STUDENTS AS OF JULY 1, 2023.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Allyson Alston Board Chair | 2 | $0 | |
Dr Brent Anderson Vice Chair | 2 | $0 | |
Tavares Toomer Treasurer | 2 | $0 | |
Saundra Gardner Secretary | 2 | $0 | |
Mike Wiley Board Member | 2 | $0 | |
Robert Logan Board Member | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,652 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,652 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,288 |
| Professional fees and other payments to independent contractors | $39,043 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,240 |
| Total expenses | $121,571 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,197 |
| Other assets | $0 |
| Total assets | $55,197 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,197 |