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Nonprofit · EIN 34-1938899

CHARTER DEVELOPMENT FOUNDATION INC

Tax-exempt · ROSWELL, GA 30075

Financials

$871K$562K2023$711K$1M2024
Revenue Expenses · by fiscal year end
Financials of CHARTER DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2025990$711,214$1,029,205-$317,991$6,815,150$4,229,964$2,585,186
May 31, 2024990$870,594$561,817$308,777$7,271,453$4,368,276$2,903,177
Financial details: 990 for the year ended May 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$642,682
Investment income
$4,869
Net gain from sales of assets
$3,905
Other revenue
$63,663

Expenses

Grants and similar amounts paid
$550,400
Compensation of officers, directors and key employees
$12,000
Salaries, compensation and benefits (total)
$13,047
Professional fundraising fees
$0
Legal fees
$11,621
Accounting fees
$15,311
Occupancy
$42,686
Travel
$65,767
Depreciation
$269,392
Program services (functional)
$981,438
Management and general (functional)
$47,767

Balance sheet and other

Total assets, start of year
$7,271,453
Total assets, end of year
$6,815,150
Total liabilities, end of year
$4,229,964
Net assets, end of year
$2,585,186
Land, buildings and equipment
$6,704,719
Gross receipts
$725,309
Employees
1
Volunteers
0
Year formed
2000
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
DAVID DUDASPRESIDENT
Trustee or director, Officer
20$12,000
SUSAN DUDASTRUSTEE
Trustee or director
2$0
RON ADLERTRUSTEE
Trustee or director
1$0
990 for the year ended May 31, 2024: 3 people
NameTitleHours / weekCompensation
DAVID DUDASPRESIDENT
Trustee or director, Officer
20$12,000
SUSAN DUDASTRUSTEE
Trustee or director
2$0
RON ADLERTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1365 CASHIERS WAY, ROSWELL, GA 30075-6882
In care of
% SUSAN DUDAS
Principal officer (990 for 2024)
DAVID DUDAS, 1365 CASHIERS WAY, ROSWELL, GA 30075
Signed the 990
DAVID DUDAS, PRESIDENT
Phone
(216) 559-1767
Return prepared by
EIDE BAILLY LLP

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS PROVIDING CAPITAL AND OTHER SUPPORT TO EDGE LEARNING, INC., AKROS MIDDLE SCHOOL, AND AKROTECH HIGH SCHOOL. EDGE LEARNING, INC., AKROS MIDDLE SCHOOL AND AKROTECH HIGH SCHOOL ARE ORGANIZED TO SET UP AND OPERATE CHARTER SCHOOLS IN VARIOUS NORTHEAST OHIO COMMUNITIES. THE ORGANIZATION MAY ALSO PROVIDE CAPITAL AND SUPPORT TO ANY COMMUNITY SCHOOL OR TAX EXEMPT ORGANIZATION WHICH MAINTAINS A COMMUNITY SCHOOL INCLUDING PROVISION OF ADMINISTRATIVE SERVICES, CONSULTING AND DEVELOPMENT ASSISTANCE, FACILITIES AND EQUIPMENT AND GRANTS, LOANS AND OTHER FINANCIAL ASSISTANCE.

990 for the year ended May 31, 2025

Program accomplishments

  • PROVIDING CAPITAL AND SUPPORT TO EDGE LEARNING, INC., AKROS MIDDLE SCHOOL, AND AKROTECH HIGH SCHOOL.
    Expenses $981,438 · grants $550,400 · revenue $706,345

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026Not on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
34-1938899
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2002
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$6,815,150
Income (IRS master file)
$725,309

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2025$711,214$1,029,205$6,815,150XML
990May 2024$870,594$561,817$7,271,453XML
990May 2023$519,420$383,646$6,471,966IRS
990May 2022$502,339$339,113$4,501,022IRS
990May 2021–––IRS
990May 2020–––IRS
990May 2019–––IRS
990May 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about CHARTER DEVELOPMENT FOUNDATION INC

What is the EIN of CHARTER DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of CHARTER DEVELOPMENT FOUNDATION INC is 34-1938899.
Is CHARTER DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to CHARTER DEVELOPMENT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does CHARTER DEVELOPMENT FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CHARTER DEVELOPMENT FOUNDATION INC due?
The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHARTER DEVELOPMENT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2025.
Who is the principal officer of CHARTER DEVELOPMENT FOUNDATION INC?
The 990 for the year ended May 31, 2025 names DAVID DUDAS.
Who are the officers and directors of CHARTER DEVELOPMENT FOUNDATION INC?
The 990 for the year ended May 31, 2025 lists 3 people; 1 received compensation from the organization, the highest $12,000 (DAVID DUDAS, PRESIDENT).
How much revenue does CHARTER DEVELOPMENT FOUNDATION INC have?
On its 990 for the year ended May 31, 2025 it reported revenue of $711,214, expenses of $1,029,205 and total assets of $6,815,150 at year end.

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