Corvian Community School INC

Tax-deductible

Charlotte, NC501(c)(3)Since 2010EducationEIN 27-2404538

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Our mission is to ensure Corvian Community School is a place where students are engaged as learners in classrooms with hands-on teaching. Teachers are empowered to meet the needs of students on an individual basis and facilitate a sense of Community within the classroom.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 7 volunteers and 310 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $3.0M a year · 20% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$283K
to officers and key staff · 2% of spending
Top officer’s pay lower than 70% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$76.2M
111% of total assets
Concern: liabilities are 111% 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
$17.8M
+10% vs prior year
Spent
$18.2M
To programs
72%
Net assets
−$7.3M
By yearFY2020–FY2024
Revenue
$17.8M
FY2024▲ +10%
Revenue by fiscal year
FY2020$10.9M
FY2021$13.5M
FY2022$14.3M
FY2023$18.4M
FY2024$16.2M
FY2024$17.8M
Expenses
$18.2M
FY2024▲ +11%
Expenses by fiscal year
FY2020$11.9M
FY2021$12.4M
FY2022$0
FY2023$17.8M
FY2024$16.4M
FY2024$18.2M
Net assets
−$7.3M
FY2024▼ -10%
Net assets by fiscal year
FY2020−$9.0M
FY2021−$7.9M
FY2022$0
FY2023−$6.4M
FY2024−$6.6M
FY2024−$7.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2012.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $13.1M Management & general 28% · $5.1M

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

9 people listed on the 990; $283K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$182,907Pt VII · Sec A
$100,149Pt VII · Sec A
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nicki Sinclair’s $183K as Executive Director is at the 30th percentile of top reported officer pay among 3683 $10–100M 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 · 4 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nicki Sinclair$182,907—————
Stacey Haskell—$144,886$155,169$131,094$131,094$112,691
Nicole Sinclair—$104,197————
Rebekah Digavero$100,149$102,677————

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.

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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 15aYes

Programs and updates

Engages students with hands-on learning, empowers teachers, and partners with parents to build community.

Provided by the organization

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1 program service account for $13.1M of program spending, described in the organization's own filed words · FY2024.
01

To provide facilities, teachers, and materials to students enrolled at a public charter school. Served approximately 1,389 students for the fiscal year ended june 30, 2025.

$13.1Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.8M
Ln 12
Gifts and grantsLn 1h$15.9M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$479K
Money outPt IX
$18.2M
Ln 25
Programscol B$13.1M
Managementcol C$5.1M
Owns and owesPt X
−$7.3M
net assets · Ln 32
Cash and savingsLn 1–2$12.0M
Total assetsLn 16$68.9M
LiabilitiesLn 26$76.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.9M
Government grantsLn 1e$15.7M
Fundraising eventsLn 1c$125K
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$479K
Other incomeLn 4–11$25K
Total revenueLn 12$17.8M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$10.8M
Cash and savings togetherLn 1–2$12.0M
Land, buildings, equipmentLn 10c$51.0M
Other assetsLn 15$5.8M
Total assetsLn 16$68.9M
LiabilitiesLn 26$76.2M
Net assetsLn 32−$7.3M
OperationsPt I, VI
EmployeesI 5310
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$5.6M$12.0M
Land, buildings, equipmentLn 10c$47.5M$51.0M
Total assetsLn 16$71.8M$68.9M
LiabilitiesLn 26$78.4M$76.2M
Net assetsLn 32−$6.6M−$7.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$183K$132K$51K
Other salaries and wagesLn 7$7.5M$5.4M$2.1M
Pension plan contributionsLn 8$1.9M$1.4M$533K
Other employee benefitsLn 9$797K$574K$223K
Payroll taxesLn 10$604K$435K$169K
Legal feesLn 11b$76K$55K$21K
Accounting feesLn 11c$13K$9K$4K
Other fees for servicesLn 11g$910K$656K$255K
Advertising and promotionLn 12$10K$7K$3K
Office expensesLn 13$192K$138K$54K
Information technologyLn 14$97K$70K$27K
OccupancyLn 16$257K$185K$72K
TravelLn 17$35K$25K$10K
Conferences, conventions and meetingsLn 19$29K$21K$8K
InterestLn 20$3.2M$2.3M$901K
Depreciation, depletion and amortizationLn 22$1.3M$909K$353K
InsuranceLn 23$295K$212K$82K
Other expenses (24a–d)Ln 24$700K$504K$196K
All other expensesLn 24e$124K$90K$35K
Total functional expensesLn 25$18.2M$13.1M$5.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $16.2M$16.4M−$197K−$6.6M 990 PDF
FY2023 $18.4M$17.8M$592K−$6.4M 990 PDF
FY2022 $14.3M$0$14.3M$0 990 PDF
FY2021 $13.5M$12.4M$1.1M−$7.9M 990 PDF
FY2020 $10.9M$11.9M−$965K−$9.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $17,769,447 across 9 lines filed
VIII-1c Fundraising events$125,311
VIII-1e Government grants$15,720,405
VIII-1f All other contributions, gifts and grants$96,875
VIII-1h Total contributions, gifts and grants$15,942,591
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,323,653$1,323,653
VIII-3 Investment incomeExcluded from tax $478,635$478,635
VIII-8 Net income from fundraising eventsExcluded from tax −$44,327−$44,327
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68,895$68,895
VIII-12 Total revenueRelated to mission $1,392,548 · Unrelated business $0 · Excluded from tax $434,308$17,769,447
Part IX · Statement of functional expenses $18,194,236 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $131,746 · Management $51,161$182,907
IX-7 Other salaries and wagesPrograms $5,388,848 · Management $2,092,645$7,481,493
IX-8 Pension plan contributionsPrograms $1,372,879 · Management $533,128$1,906,007
IX-9 Other employee benefitsPrograms $573,997 · Management $222,899$796,896
IX-10 Payroll taxesPrograms $435,299 · Management $169,039$604,338
IX-11b Legal feesPrograms $55,085 · Management $21,391$76,476
IX-11c Accounting feesPrograms $9,302 · Management $3,612$12,914
IX-11g Other fees for servicesPrograms $655,647 · Management $254,606$910,253
IX-12 Advertising and promotionPrograms $7,456 · Management $2,895$10,351
IX-13 Office expensesPrograms $138,323 · Management $53,715$192,038
IX-14 Information technologyPrograms $70,004 · Management $27,185$97,189
IX-16 OccupancyPrograms $185,003 · Management $71,842$256,845
IX-17 TravelPrograms $25,312 · Management $9,833$35,145
IX-19 Conferences, conventions and meetingsPrograms $21,121 · Management $8,202$29,323
IX-20 InterestPrograms $2,319,649 · Management $900,786$3,220,435
IX-22 Depreciation, depletion and amortizationPrograms $909,096 · Management $353,028$1,262,124
IX-23 InsurancePrograms $212,269 · Management $82,430$294,699
IX-24 Other expenses (24a–d)Programs $504,493 · Management $195,910$700,403
IX-24e All other expensesPrograms $89,604 · Management $34,796$124,400
IX-25 Total functional expensesPrograms $13,105,133 · Management $5,089,103 · Fundraising $0$18,194,236
Part X · Balance sheet $68,854,143 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,197,376$1,233,920
X-2 Savings and temporary cash investmentsStart of year $4,398,589$10,750,756
X-4 Accounts receivableStart of year $435,630$98,025
X-9 Prepaid expenses and deferred chargesStart of year $4,353$2,714
X-10c Land, buildings and equipment, netStart of year $47,481,562$50,956,259
X-15 Other assetsStart of year $18,256,006$5,812,469
X-16 Total assetsStart of year $71,773,516$68,854,143
X-17 Accounts payable and accrued expensesStart of year $1,982,772$778,494
X-20 Tax-exempt bond liabilitiesStart of year $59,775,669$58,896,887
X-25 Other liabilitiesStart of year $16,458,675$16,394,013
X-26 Total liabilitiesStart of year $78,402,116$76,164,394
X-27 Net assets without donor restrictionsStart of year $1,585,860−$13,526,951
X-28 Net assets with donor restrictionsStart of year −$8,214,460$6,216,700
X-32 Total net assets or fund balancesStart of year −$6,628,600−$7,310,251
X-33 Total liabilities and net assetsStart of year $71,773,516$68,854,143
Part XI · Reconciliation of net assets −$7,310,251 net assets at year end
XI-1 Total revenue$17,769,447
XI-2 Total expenses$18,194,236
XI-3 Revenue less expenses−$424,789
XI-4 Net assets at start of year−$6,628,600
XI-8 Prior period adjustments−$256,862
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$7,310,251

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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