Two Rivers Community School FY2023 filing

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Operation of a public charter school.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0726895) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
91¢ 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

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $289K a year · 15% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
91% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 5% of spending
Pay to officers and key staff is 5% of spending.
Part VII, Section A
7.5 mo
of spending, in cash
7.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
126% of total assets
Liabilities are 126% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.9M
-2% vs prior year
Spent
$1.5M
To programs
91%
Net assets
−$598K
By yearFY2020–FY2025
Revenue
$1.9M
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$2.0M
FY2023$1.9M
FY2024$2.1M
FY2025$2.1M
Expenses
$1.5M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$1.5M
FY2023$1.5M
FY2024$1.9M
FY2025$1.9M
Net assets
−$598K
FY2023▲ +41%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.7M
FY2021−$1.4M
FY2022−$1.0M
FY2023−$598K
FY2024−$365K
FY2025−$120K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2005.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.4M Management & general 9% · $139K

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

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Who runs it and what they're paid

7 people listed on the 990; $68K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$67,607Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 →

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.

Questions for Two Rivers Community School

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1 program · $1.4M · in their own filed words · FY2022
01

Operated a public charter school in Boone, North Carolina serving approximately 159 students for the fiscal year ended June 30, 2023.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0726895) · Dispute this line
$1.4Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.7M
Gifts and grantsLn 1h$171K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.4M
Managementcol C$139K
Owns and owesPt X
−$598K
net assets · Ln 32
Cash and savingsLn 1–2$930K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$171K
Government grantsLn 1e$159K
Fees for servicesLn 2g$1.7M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$930K
Cash and savings togetherLn 1–2$930K
Accounts receivableLn 4$6K
Prepaid expenses and deferred chargesLn 9$12K
Land, buildings, equipmentLn 10c$522K
Other assetsLn 15$790K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.9M
Net assetsLn 32−$598K
OperationsPt I, VI
EmployeesI 555
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$24K$22K$26K$11K$10K
AddedLn 1b$11K
SpentLn 1d–1f$254$483$867$261$106
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$778K$930K
Land, buildings, equipmentLn 10c$535K$522K
Total assetsLn 16$1.9M$2.3M
LiabilitiesLn 26$2.9M$2.9M
Net assetsLn 32−$1.0M−$598K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$952K$952K
Pension plan contributionsLn 8−$86K−$86K
Other employee benefitsLn 9$143K$143K
Payroll taxesLn 10$70K$70K
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$114K$92K$23K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$13K$10K$3K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$253K$175K$78K
All other expensesLn 24e$0
Total functional expensesLn 25$1.5M$1.4M$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 28, 2026 $2.1M$1.9M$245K−$120K 990 PDF
FY2024Filed with the IRS Dec 9, 2024 $2.1M$1.9M$233K−$365K 990 PDF
FY2023 ViewingFiled with the IRS Apr 25, 2024 $1.9M$1.5M$423K−$598K 990 PDF
FY2022Filed with the IRS May 2, 2023 $2.0M$1.5M$419K−$1.0M 990 PDF
FY2021Filed with the IRS Jan 7, 2022 $1.9M$1.6M$302K−$1.4M 990 PDF
FY2020Filed with the IRS Jan 28, 2021 $1.6M$1.5M$112K−$1.7M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $1,918,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $159,890$171,189
I-9 Program service revenuePrior year $1,785,529$1,747,006
I-10 Investment incomePrior year $17$0
I-11 Other revenuePrior year $13,091$0
I-12 Total revenuePrior year $1,958,527$1,918,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,186,178$1,079,327
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $353,766$415,719
I-18 Total expensesPrior year $1,539,944$1,495,046
I-19 Revenue less expensesPrior year $418,583$423,149
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,918,195 across 5 lines filed
VIII-1e Government grants$159,167
VIII-1f All other contributions, gifts and grants$12,022
VIII-1h Total contributions, gifts and grants$171,189
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$1,747,006
VIII-12 Total revenue$1,918,195
Part IX · Statement of functional expenses $1,495,046 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $952,204$952,204
IX-8 Pension plan contributionsPrograms −$85,920−$85,920
IX-9 Other employee benefitsPrograms $143,124$143,124
IX-10 Payroll taxesPrograms $69,919$69,919
IX-11a Management fees$0
IX-11b Legal feesManagement $3,223$3,223
IX-11c Accounting feesManagement $6,300$6,300
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $5,586$5,586
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $91,553 · Management $22,888$114,441
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $3,486$3,486
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,770 · Management $3,257$13,027
IX-23 InsuranceManagement $16,370$16,370
IX-24 Other expenses (24a–d)Programs $174,944 · Management $78,342$253,286
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,355,594 · Management $139,452 · Fundraising $0$1,495,046
Part X · Balance sheet $2,260,609 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $777,876$930,487
X-4 Accounts receivableStart of year $10,523$5,638
X-9 Prepaid expenses and deferred chargesStart of year $10,444$12,418
X-10c Land, buildings and equipment, netStart of year $534,908$521,881
X-15 Other assetsStart of year $567,021$790,185
X-16 Total assetsStart of year $1,916,907$2,260,609
X-17 Accounts payable and accrued expensesStart of year $5,474$10,329
X-23 Secured mortgages and notes payableStart of year $73,672$55,577
X-25 Other liabilitiesStart of year $2,859,342$2,793,135
X-26 Total liabilitiesStart of year $2,938,488$2,859,041
X-27 Net assets without donor restrictionsStart of year −$1,021,581−$598,432
X-32 Total net assets or fund balancesStart of year −$1,021,581−$598,432
X-33 Total liabilities and net assetsStart of year $1,916,907$2,260,609
Part XI · Reconciliation of net assets −$598,432 net assets at year end
XI-1 Total revenue$1,918,195
XI-2 Total expenses$1,495,046
XI-3 Revenue less expenses$423,149
XI-4 Net assets at start of year−$1,021,581
XI-10 Net assets at end of year−$598,432

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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