2024-05-02T11:18:28-00:00 2023-06-30 271832948 Rebekah Barr CPA PC 1520 Nash Street N Wilson NC 27893 990 2022-07-01 562173031 Classical Charter Schools of America % Robert Spencer CLAS 9106551214 7055 Bacons Way NE Leland NC 28451 Mark Dudeck Treasurer 9106551214 2024-05-02 true Mark Dudeck 999009999 Rebekah T Barr P00732851 2522946920 2024-05-02 AAL1 IAL1 2022 2023-04-26 12:10:37Z Mark Dudeck 7055 Bacons Way NE Leland NC 28451 32485242 false X www.charterdayschool.org X 1999 NC See Schedule O 6 6 468 20 0 4068466 5582786 24955228 26902456 2046 0 226099 0 29251839 32485242 0 0 11561776 15763459 0 0 17925597 15587154 29487373 31350613 -235534 1134629 50425137 51586891 41222064 41248989 9203073 10337902 See Schedule O false false 21970712 32485242 Operated four tuition-free public charter schools located in Leland, Southport, Whiteville, and Wilmington, NC. These schools served approximately 2,438 students for the fiscal year ended June 30, 2023. Each school offers a distinctive classical curriculum delivered with the direct instruction teaching method. Each of the two mature K-8 campuses, currently and consistently provides the top-scoring elementary and middle schools in their respective counties on state end-of-grade tests. 21970712 true true false false false false false false false false true false false false false false false true true false false false false false false false false false false false true false false false false false false false true true true false false false false true true false false false true 0 0 true 468 true false false false false false false false false false false false false false false X 6 6 false true false false false false false true true false false true true true true true false true true false NC X Acadia Northstar LLC 9199547040 5029 Falls of Neuse Raleigh NC 27609 X Robert Spencer Chairman 002.00 X X 0 0 0 Suzanne West Director 001.00 X 0 0 0 Melissa Gott Director 001.00 X 0 0 0 Chad Adams Director 001.00 X 0 0 0 Colleen Combs Director 001.00 X 0 0 0 Ted Bodenschatz Director 001.00 X 0 0 0 Baker A Mitchell Jr Secretary 015.00 025.00 X 0 0 0 Mark Dudeck Treasurer 020.00 X 0 0 0 false false false 5042986 539800 5582786 State appropriations 19815341 County appropriations 6356127 Before and After School Fees 37125 Other program revenues 693863 26902456 32485242 0 0 0 0 0 0 12851313 11990842 860471 335361 317689 17672 1552305 1487449 64856 1024480 938168 86312 0 465103 465103 39850 39850 0 0 0 14071 14071 0 0 0 2623461 2098769 524692 0 0 8712 8712 1787273 1787273 0 851677 638758 212919 298526 298526 Contracted Student Services 7351344 2504623 4846721 Supplies, Materials, Textbooks, etc. 1340812 1179377 161435 Student Transportation and Repairs 738322 738322 Student Food Purchases 68003 68003 0 31350613 21970712 9379901 0 2542111 4938845 11850729 5072092 1134240 1147886 263353 255168 42607908 2435008 26837073 40172900 7797631 50425137 51586891 450361 563106 40286703 40320383 485000 365500 41222064 41248989 X 9203073 10337902 9203073 10337902 50425137 51586891 1134629 200 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 926018 926018 14854043 1030907 13823136 24987111 770943 24216168 1840736 633158 1207578 40172900 Financial derivatives and other financial products Closely-held equity interests Federal income taxes 32485242 32485242 32485242 31350613 31350613 31350613 true true true true true true true false false false false false false false false true false true 6a North Carolina charter schools are funded by the State and Local Governments. The School also receives various federal grants. A Public Finance Authority 273866124 74443DGB1 2020-12-17 40286703 Purchase and construction of School facilities and equipment. false false false A 395000 40522125 2222990 802550 31079770 4185031 2240639 false false false true A true false true true false false false true A false true false false false false true A true Part I Bonds were issued under the former name of the organizaiton - Charter Day School Inc. Part II Gross proceed reported on Part II, Line 3 includes interest earned on reserve funds and unspent proceeds. B A Mitchell Jr see part V Officer 4883472 Management Fee true B A Mitchell Jr see part V Officer 1546136 Staff Development false B A Mitchell Jr see part V Officer 707253 Back Office and Support false B A Mitchell Jr see part V Officer 43015 Rent - Classrooms false B A Mitchell Jr see part V Officer 388106 Incentive Fees false Part IV Line 1 Classical Charter Schools of America Inc. CCSA contracts for Management Services under a management agreement with the Roger Bacon Academy, Inc. RBA. Mr Mitchell was the secretary of hte Board of CCSA and owns RBA. The transaction amount was paid to RBA for management services and administrative fees and is based upon 16 of revenues of the organization as defined in the management agreement, which was approved by the Board of Trustees, the North Carolina State Board of Education, and the Internal Revenue Service. Part IV Line 2 Under its management agreement, RBA provides a staff development and training program, teacher coaching and mentoring services, supervision of ongoing classroom instruction, and building and ground maintenance for CCSA. RBA submits the direct costs of providing these services to the CCSA board for approval and reimbursement. Part IV Line 3 Under its management agreement, RBA provides accounting, advertising, quality control, and public relations services for CCSA. RBA submits the direct costs of providing these services to the CCAS board for approval and reimbursement. Part IV Line 4 Under its management agreement, RBA leases a small amount of classroom space 2,652 sq ft from Coastal Habitat Conservancy, LLC CHC, and subleases to CCSA at fair market value. This arrangement is necessary, as charter schools in North Carolina do not receive capital funds for property, buildings, construction, maintenance, etc. CHC is owned by Mr. Mitchell. CCSA regularly has lease rates reevaluated to ensure that rates are at fair market value. Board trustees are not required to personally guarantee the lease, nor is the lease under any restrictive financial convenants. RBA submits the direct costs of leasing classroom space to the CCSA board for approval and reimbursement. Part IV Line 5 CCSAs management contract with RBA provides a management incentive bonus based on how the Schools standardized test scores compare with the same standardized scores of other schools located in the same county. For the fiscal year ended June 30, 2023, test scores for Classical Charter Schools of Leland, Classical Charter Schools of Whiteville and Classical Charter Schools of Southport were higher than the averages of their respective counties by 17 percent, 4 percent adn 21 percent, respectively. Form 990, Part I, Line 1 Organizations Mission - Our understandings of humankind and our universe are expressed and communicated through all of our arts and sciences. Each method of expression - language, painting, music, mathematics, and science - has rules and techniques for effectively communicating these ideas and understandings. These rules and techniques are the bridges over which ideas must be communicated from one generation to the next. Thus, the mission of Classical Charters of America, through the Roger Bacon Academy is, for the next generation, to teach the rules and techniques for effective expressioin and communicatino in the arts and sciences, to communicate, by these arts and scienses, our understandings of the universe and our role in it, and to instill a love of learning and discovery, justifying a life-long dedication to health, truth and virtue. Form 990, Part VI, Section A, Line 3 Management delegated - Classical Charters of America has agreements with Roger Bacon Academy, Inc., to manage the schools under the control of the board of trustees. On July 18, 2001, Classical Charter Schools of America formerly Charter Day School entered into an agreement with Roger Bacon Academy for management, and faculty services. Roger Bacon Academy provides supervision and administration services for the management, operation, and maintenance of the schools in accordance with the educatinoal program as adopted by the board and included in its operational documents. The board sets the budget annually within which the schools are managed. Any documents or policies adpoted by the board may be modified from time to time at the sole and absolute discretion of the board. Roger Bacon Academy is entitled to compensation for its services based on 16 of revenues, as defined in the management agreement. The agreement was approved by teh board of Classical Charters of America, the NC State Board of Education and the Internal Revenue Service. Form 990, Part VI, Section B, Line 11b Organizations process to review form 990 - Form 990 is prepared by the Companys auditors based on information in the financial statements of its annual local government commission audit. The no-findings financial statements were reviewed and unanimously approved by the board. The form 990 is reviewed by the treasurer of the corporation and the management company. The 990 is emailed to all board members several days before filing asking for comments and/or corrections. Form 990, Part VI, Section B, Line 12c The board of directors reviews the policy annually. If any conflicts arise they are resolved by the board of directors. Form 990, Part VI, Section B, Line 15a Top management official is provided by the management company, Roger Bacon Academy, and receive no compensation directly from the Classical Charters Schools of America, Inc. Form 990, Part VI, Section B, Line 15b The officers of the Classical Charter Schools of America board of trustees volunteer their service and receive no compensation. Key employees are provided by the management company, Roger Bacon Academy, and receive no compensation directly from Classical Charter Schools of America, Inc. Form 990, Part VI, Section B, Line 19 Governing documents, school policies, and financial statements are by request. Requested documents can be transmitted electronically or viewed at teh headquarters of the management company, Classical Charter Schools of America, Inc. Leland Charter LLC 3610 Thaddeus Loft Ln Leland NC 28451 854252332 Rental NC 895104 1976719 N/A Columbus Charter LLC 3610 Thaddeus Loft Ln Leland NC 28451 854284867 Rental NC 745920 2086192 N/A Southport Charter Campus LLC 3610 Thaddeus Loft Ln Leland NC 28451 854259736 Rental NC 845376 1276116 N/A Charter Day Booster Club 7055 Bacons Way NE Leland NC 28451 200177524 Support NC 3 12a N/A false false false false false false false false false false false false false false false false false false false false