Two Rivers Community School FY2022 filing

Tax-deductible

Rutherfordton, NC501(c)(3)Since 2004EducationEIN 20-0726895

Operation of a public charter school.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$68K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $298K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
153% of total assets
Concern: liabilities are 153% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+5% vs prior year
Spent
$1.5M
To programs
80%
Net assets
−$1.0M
By yearFY2020–FY2024
Revenue
$2.0M
FY2022▲ +5%
Revenue by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$2.0M
FY2023$1.9M
FY2024$2.1M
FY2024$2.1M
Expenses
$1.5M
FY2022▼ -2%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.5M
FY2023$1.5M
FY2024$1.9M
FY2024$1.9M
Net assets
−$1.0M
FY2022▲ +29%
Net assets by fiscal year
FY2020−$1.7M
FY2021−$1.4M
FY2022−$1.0M
FY2023−$598K
FY2024−$365K
FY2024−$120K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.2M Management & general 20% · $315K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$67,607Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Natalie Oransky Non Voting’s $68K as Executive Director is at the 13th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2020
Natalie Oransky Non Voting$67,607——
Natalie Oransky Non-Voting—$67,607—
Natalie Oransky——$56,292

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Two Rivers Community School executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates students through a public charter school.

Provided by the organization

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1 program service account for $1.2M of program spending, described in the organization's own filed words · FY2021.
01

Operated as a charter school in boone, NC serving approximately 158 students for the fiscal year ended 6/30/22.

$1.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$160K
Other incomeLn 4–11$13K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.2M
Managementcol C$315K
Owns and owesPt X
−$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$794K
Total assetsLn 16$1.9M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$160K
Government grantsLn 1e$140K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$17
Other incomeLn 4–11$13K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$778K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$794K
Land, buildings, equipmentLn 10c$535K
Other assetsLn 15$567K
Total assetsLn 16$1.9M
LiabilitiesLn 26$2.9M
Net assetsLn 32−$1.0M
OperationsPt I, VI
EmployeesI 555
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$638K$794K
Land, buildings, equipmentLn 10c$549K$535K
Total assetsLn 16$1.6M$1.9M
LiabilitiesLn 26$3.1M$2.9M
Net assetsLn 32−$1.4M−$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$66K$66K
Other salaries and wagesLn 7$928K$835K$93K
Pension plan contributionsLn 8$44K$37K$7K
Other employee benefitsLn 9$83K$70K$13K
Payroll taxesLn 10$65K$55K$10K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$68K$58K$10K
Advertising and promotionLn 12$1K$1K$208
Office expensesLn 13$1K$968$171
Information technologyLn 14$7K$6K$1K
OccupancyLn 16$175K$131K$44K
TravelLn 17$365$310$55
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$14K$11K$4K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$47K$21K$25K
All other expensesLn 24e$42$42
Total functional expensesLn 25$1.5M$1.2M$315K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.1M$1.9M$233K−$365K 990 PDF
FY2023 $1.9M$1.5M$423K−$598K 990 PDF
FY2022 Viewing $2.0M$1.5M$419K−$1.0M 990 PDF
FY2021 $1.9M$1.6M$302K−$1.4M 990 PDF
FY2020 $1.6M$1.5M$112K−$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $1,958,527 across 7 lines filed
VIII-1e Government grants$140,425
VIII-1f All other contributions, gifts and grants$19,465
VIII-1h Total contributions, gifts and grants$159,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,785,529$1,785,529
VIII-3 Investment incomeExcluded from tax $17$17
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,257 · Excluded from tax $5,834$13,091
VIII-12 Total revenueRelated to mission $1,792,786 · Excluded from tax $5,851$1,958,527
Part IX · Statement of functional expenses $1,539,944 across 18 lines filed
IX-5 Pay of current officers, directors and key staffManagement $66,138$66,138
IX-7 Other salaries and wagesPrograms $834,730 · Management $92,858$927,588
IX-8 Pension plan contributionsPrograms $37,226 · Management $7,091$44,317
IX-9 Other employee benefitsPrograms $69,516 · Management $13,241$82,757
IX-10 Payroll taxesPrograms $54,918 · Management $10,460$65,378
IX-11b Legal feesManagement $14,500$14,500
IX-11c Accounting feesManagement $7,750$7,750
IX-11g Other fees for servicesPrograms $57,508 · Management $10,148$67,656
IX-12 Advertising and promotionPrograms $1,178 · Management $208$1,386
IX-13 Office expensesPrograms $968 · Management $171$1,139
IX-14 Information technologyPrograms $5,785 · Management $1,021$6,806
IX-16 OccupancyPrograms $131,148 · Management $43,716$174,864
IX-17 TravelPrograms $310 · Management $55$365
IX-20 InterestManagement $4,423$4,423
IX-22 Depreciation, depletion and amortizationPrograms $10,582 · Management $3,527$14,109
IX-23 InsuranceManagement $13,985$13,985
IX-24 Other expenses (24a–d)Programs $21,326 · Management $25,415$46,741
IX-24e All other expensesPrograms $42$42
IX-25 Total functional expensesPrograms $1,225,237 · Management $314,707 · Fundraising $0$1,539,944
Part X · Balance sheet $1,916,907 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $579,679$777,876
X-2 Savings and temporary cash investmentsStart of year $58,740$16,135
X-4 Accounts receivableStart of year $5,464$10,523
X-9 Prepaid expenses and deferred chargesStart of year $9,577$10,444
X-10c Land, buildings and equipment, netStart of year $549,016$534,908
X-15 Other assetsStart of year $417,498$567,021
X-16 Total assetsStart of year $1,619,974$1,916,907
X-17 Accounts payable and accrued expensesStart of year $5,739$5,474
X-25 Other liabilitiesStart of year $2,963,569$2,859,342
X-26 Total liabilitiesStart of year $3,060,138$2,938,488
X-27 Net assets without donor restrictionsStart of year −$1,440,164−$1,021,581
X-32 Total net assets or fund balancesStart of year −$1,440,164−$1,021,581
X-33 Total liabilities and net assetsStart of year $1,619,974$1,916,907
Part XI · Reconciliation of net assets −$1,021,581 net assets at year end
XI-1 Total revenue$1,958,527
XI-2 Total expenses$1,539,944
XI-3 Revenue less expenses$418,583
XI-4 Net assets at start of year−$1,440,164
XI-10 Net assets at end of year−$1,021,581

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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