2024-05-15T16:03:15-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 455348770 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC NORT 7049108499 154 FOUNDATION CT MOORESVILLE NC 28117 MARTIN CONWAY PRESIDENT 7049108499 2024-05-15 true MARTIN CONWAY 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-05-15 2022 2023-04-26 12:10:37Z MARTIN CONWAY 154 FOUNDATION CT MOORESVILLE NC 28117 48694136 false X NCCHARTERFOUNDATION.ORG X 2012 NC NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOTFOR PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA. 6 6 0 482 0 36784699 38083060 426838 1092377 34304 361656 663448 711328 37909289 40248421 0 0 19260617 19590690 0 0 18521120 20380824 37781737 39971514 127552 276907 99990421 97538844 115833148 113422260 -15842727 -15883416 X NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOTFOR PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA. false false 24406803 1092377 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION OPERATED FOUR PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA PROVIDING EDUCATION TO APPROXIMATELY 3,600 STUDENTS FOR THE FISCAL YEAR ENDED 6/30/23. 24406803 true true false false false false false false false false true false false true true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 53 0 0 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 false true true true false true true true false NC X CHARTER SCHOOLS USA INC 9542023500 800 CORPORATE DRIVE STE 124 FORT LAUDERDALE FL 33334 X BETH COMPTON VICE PRESIDE 2.00 X X 0 0 0 MARTIN CONWAY PRESIDENT 2.00 X X 0 0 0 JAMES FONSECA TREASURER 2.00 X X 0 0 0 PRASHON LOVE DIRECTOR 2.00 X 0 0 0 CHAD METZLER DIRECTOR 2.00 X 0 0 0 KELLY MILLIGAN DIRECTOR 2.00 X 0 0 0 false false false 35045560 3037500 38083060 BEFORE AND AFTER CARE 611710 730669 730669 FOOD SERVICE 611710 252008 252008 INSTRUCTIONSAL SERVICES 611600 109700 109700 1092377 346664 346664 8460707 8445715 14992 14992 14992 MISCELLANEOUS 900099 711328 711328 711328 40248421 1803705 361656 16393511 10163977 6229534 64956 40273 24683 1953768 1211336 742432 1178455 730642 447813 1564733 594599 970134 45568 28252 17316 1448335 897968 550367 375127 232579 142548 103739 64318 39421 540129 334880 205249 4147419 2571400 1576019 230882 143147 87735 277389 171981 105408 4958497 3074268 1884229 2813626 1744448 1069178 695433 431168 264265 NUTRITION SERVICES 1009170 625685 383485 ADMINISTRATIVE EXPENSES 944299 585465 358834 BOOKS AND SUPPLIES 612906 380002 232904 EQUIPMENT RENT 337185 209055 128130 276387 171360 105027 39971514 24406803 15564711 0 3263986 1635621 8342363 8445715 35852 183321 34753 3909 102956789 29252873 75896859 73703916 12416608 13566362 99990421 97538844 2533032 2413364 17773 100613791 12461129 207423 111008896 115833148 113422260 X -15842727 -15883416 -15842727 -15883416 99990421 97538844 X 276907 9560 -327156 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92240629 19574834 72665795 10215554 9379921 835633 500606 298118 202488 73703916 RIGHT TO USE LEASED ASSETS, NET 11850037 DUE FROM OTHER GOVERNMENTS 755161 DUE FROM MANAGEMENT COMPANY 744000 SECURITY DEPOSIT 154355 DUE FROM OTHER SCHOOLS 62809 13566362 DUE IN MORE THAN ONE YEAR 108778896 DUE WITHIN ONE YEAR 2230000 111008896 40257981 9560 9560 40248421 40248421 40298670 840267 840267 39458403 513111 513111 39971514 SCHEDULE D, PAGE 4, PART XII, LINE 2D GASB 87 LEASE AMORTIZATION EXP 274,518 GASB 87 LEASE INTEREST EXP 409,610 GASB 87 ACCRUED INTEREST 156,139 SCHEDULE D, PAGE 4, PART XII, LINE 4B BUILDING RENT EXPENSE 513,111 true true true true true true true false false false false false false false false true false true SCHEDULE E, LINE 3 NC CHARTER EDUCATIONAL FOUNDATION OPERATES PUBLIC CHARTER SCHOOLS AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS. SCHEDULE E, LINE 6 NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS. FORM 990 - ORGANIZATION'S MISSION NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOTFOR PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA. FORM 990, PAGE 6, PART VI, LINE 3 THE FOUNDATION HAS FORMAL AGREEMENTS WITH CHARTER SCHOOLS USA TO MANAGE, STAFF AND OPERATE THE SCHOOLS. THE AGREEMENT STATES THAT CSUSA SHALL BE ENTITLED TO COST REIMBURSEMENTS AND MANANAGEMENT FEES FOR ITS SERVICES, SUBJECT TO AVAILABILITY OF FUNDS. THE FEE IS SUBORDINATED TO ALL BOND PAYMENT REQUIREMENTS. FORM 990, PAGE 6, PART VI, LINE 11B 990 IS REVIEWED BY BOARD FINANCE COMMITTEE AND IS PROVIDED TO THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR. ANY CONFLICTS, OR POTENTIAL CONFLICTS OF INTEREST, ARE REVIEWED AND RESOLVED BY THE BOARD. WRITTEN DISCLOSURES ARE REQUIRED FOR ANY POTENTIAL CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION DECISIONS ARE MADE BASED ON SIMILAR PAY SCALES FOR EDUCATORS IN THE STATE OF NORTH CAROLINA AND ON EXPERIENCE. THE BOARD REVIEWS AND APPROVES ALL SALARY DECISIONS AND RECOMMENDATIONS BY MANAGEMENT. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST WITHIN 14 DAYS PERMITTING ACCESS. FORM 990, PART XI, LINE 9 GASB 87 LEASE AMORTIZATION EXP -274,518 GASB 87 LEASE INTEREST EXP -409,610 GASB 87 ACCRUED INTEREST -156,139 BUILDING RENT EXPENSE 513,111 TOTAL -327,156