2025-04-24T15:50:43-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 455389101 THE CAPITOL ENCORE ACADEMY CAPI 9108490888 126 HAY STREET FAYETTEVILLE NC 28301 WENDY HUSTWIT PRESIDENT 9108490888 2025-04-21 1 1 MEGAN RIDGLEY CPA P01317611 7044993893 2025-04-21 2023 2025-03-06 01:10:19Z WENDY HUSTWIT 8415900 0 X WWW.CAPITOLENCOREACADEMY.ORG X 2012 NC THE CAPITOL ENCORE ACADEMY WILL DEVELOP ARTISTS WHO INSPIRE OTHERS WITH PRINCIPLES OF DESIGN AND ARTFUL THINKING THROUGH THE INTEGRATION OF ACADEMIC EXCELLENCE, VIRTUOUS CHARACTER AND DISCIPLINED ARTISTRY. 5 5 141 60 0 0 7567414 8307114 20663 43285 77 28265 39518 37236 7627672 8415900 0 0 0 0 4263218 4998557 0 0 0 3689347 4234024 7952565 9232581 -324893 -816681 16498998 15191327 15123426 14632436 1375572 558891 THE CAPITOL ENCORE ACADEMY WILL DEVELOP ARTISTS WHO INSPIRE OTHERS WITH PRINCIPLES OF DESIGN AND ARTFUL THINKING THROUGH THE INTEGRATION OF ACADEMIC EXCELLENCE, VIRTUOUS CHARACTER AND DISCIPLINED ARTISTRY. 0 0 6254151 43285 OPERATED AS A PUBLIC CHARTER SCHOOL, FOCUSED ON THE ARTS, IN FAYETTEVILLE, NC SERVING APPROXIMATELY 775 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2024. 6254151 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 13 0 141 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X LBA HAYES STRAND 7048421120 212 W MATTHEWS ST MATTHEWS NC 28105 X WENDY HUSTWIT PRESIDENT 0.25 X X 0 0 0 ROCIO SERNA VICE PRESIDENT 0.25 X X 0 0 0 ROBERT JASON POOLE TREASURER 0.25 X X 0 0 0 ULYSSES TAYLOR SECRETARY 0.25 X X 0 0 0 JEREMY FIEBIG MEMBER 0.25 X 0 0 0 0 0 0 0 0 0 0 TAX PROJECTS GROUP 2200 PENNSYLVANIA AVE NW 4TH FLR WASHINGTON DC 20037 PROFESSIONAL SERVICES 162620 1 8291043 16071 8307114 STUDENT ACTIVITIES AND 611710 41386 41386 LUNCH & AFTER SCHOOL C 611710 1899 1899 43285 28265 28265 SALES TAX 900099 36936 36936 VARIOUS 900099 300 300 37236 8415900 80521 0 28265 X 3722550 2521655 1200895 253620 171802 81818 742233 502789 239444 280154 189776 90378 13800 9348 4452 1126191 762882 363309 15234 10320 4914 39795 26957 12838 177059 119940 57119 26835 18178 8657 15543 10529 5014 761079 515555 245524 465533 315352 150181 48823 33073 15750 REPAIRS AND MAINTENANCE 509565 345179 164386 FOOD SUPPLIES 433364 293561 139803 SUPPLIES AND MATERIALS 289653 196211 93442 DUES AND FEES 272651 184694 87957 38899 26350 12549 9232581 6254151 2978430 0 2202477 2113928 1199099 1146397 1199450 231286 100425 264161 12905892 1772966 11478990 11132926 318557 302629 16498998 15191327 37321 761833 13500000 13290000 1586105 580603 15123426 14632436 X 2227005 1567359 -851433 -1008468 1375572 558891 16498998 15191327 -816681 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 310320 310320 8939025 920074 8018951 2985917 469350 2516567 428471 195974 232497 242159 187568 54591 11132926 DUE TO MANAGEMENT 230683 LEASE LIABILITY 349920 580603 8415900 0 8415900 0 8415900 9232581 0 9232581 0 9232581 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE E, PART I, LINE 3 THE CAPITOL ENCORE ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578 SCHEDULE E, PART I, LINE 4 THE CAPITOL ENCORE ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578 SCHEDULE E, PART I, LINE 6 THE CAPITOL ENCORE ACADEMY IS ORGANIZED AS A PUBLIC CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUE 115C-238-29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS IT'S PRIMARY MEANS OF SUPPORT. SCHEDULE E, PART I, LINE 7 THE CAPITOL ENCORE ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578 A PUBLIC FINANCE AUTHORITY 273866124 74442EEU0 2019-09-18 7040000 PURCHASE, RENOVATIONS AND IMPROVEMENTS TO A NEW CHARTER SCHOOL FACILITY 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74442EGG9 2021-07-22 6150000 THE PURCHASE, RENOVATIONS AND IMPROVEMENTS TO A NEW CHARTER SCHOOL FACILITY 0 0 0 A 6899200 487105 140800 6411795 2019 0 0 1 1 B 5756913 3438690 2021 0 0 1 1 A 1 0 0 0 0 0 0 B 1 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 1 B 1 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE TAX RETURN IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING THE RETURN FORM 990, PART VI, SECTION B, LINE 12C AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THEOFFICERS AND KEY EMPLOYEES.THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THEOFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC AT THE FRONT OFFICE OF THE SCHOOL. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 762,882. MANAGEMENT AND GENERAL EXPENSES 363,309. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,126,191. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED IT'S OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. THE CAPITOL ENCORE ACADEMY PROPERTITIES LLC 126 HAY STREET FAYETTEVILLE NC 28301 455389101 RENTAL NC 883508 11892561 THE CAPITOL ENCORE ACADEMY 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 THE CAPITOL ENCORE ACADEMY PROPERTIES K 727622 FMV