Achievement Charter Academy

Tax-deductible

Rutherfordton, NC501(c)(3)Since 2017EIN 38-4129394

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Operate a charter school

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 100 volunteers and 46 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
2 of 4
filings with a surplus
Average surplus $57K a year · 3% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
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
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$515K
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+3% vs prior year
Spent
$2.5M
To programs
74%
Net assets
$96K
By yearFY2021–FY2024
Revenue
$2.4M
FY2024▲ +3%
Revenue by fiscal year
FY2021$1.7M
FY2022$2.0M
FY2023$1.9M
FY2024$2.3M
FY2024$2.4M
Expenses
$2.5M
FY2024▲ +16%
Expenses by fiscal year
FY2021$1.5M
FY2022$2.0M
FY2023$2.0M
FY2024$2.1M
FY2024$2.5M
Net assets
$96K
FY2024▼ -49%
Net assets by fiscal year
FY2021$183K
FY2022$179K
FY2023−$4K
FY2024$188K
FY2024$96K

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

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2020-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.8M Management & general 26% · $632K

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

6 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director
$88,140Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021
Leja Horne$88,140————
Leaja Horne—$82,000$82,000——
Leaja Horne Non-Voting———$81,095$71,195

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 Achievement Charter Academy 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

Achievement Charter Academy is a nonprofit based in Rutherfordton, NC, formed in 2017.

Provided by the organization

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1 program · $1.8M · in their own filed words · FY2024
01

Operation of a Charter School Fuquay-Varina, NC

$1.8Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.4M
Other incomeLn 4–11$21K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.8M
Managementcol C$632K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$611K
LiabilitiesLn 26$515K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$2.3M
Other incomeLn 4–11$21K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$145K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$425K
Total assetsLn 16$611K
LiabilitiesLn 26$515K
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 546
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$113K$145K
Land, buildings, equipmentLn 10c$81K$425K
Total assetsLn 16$392K$611K
LiabilitiesLn 26$204K$515K
Net assetsLn 32$188K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$88K$88K$0$0
Other salaries and wagesLn 7$1.4M$1.3M$86K$0
Pension plan contributionsLn 8$14K$12K$2K$0
Other employee benefitsLn 9$53K$50K$3K$0
Payroll taxesLn 10$124K$117K$7K$0
Accounting feesLn 11c$8K$0$8K$0
Advertising and promotionLn 12$38K$0$38K$0
Office expensesLn 13$21K$11K$10K$0
OccupancyLn 16$20K$0$20K$0
Conferences, conventions and meetingsLn 19$44K$44K$0$0
InterestLn 20$35K$0$35K$0
Depreciation, depletion and amortizationLn 22$172K$0$172K$0
InsuranceLn 23$17K$0$17K$0
Other expenses (24a–d)Ln 24$396K$207K$189K$0
All other expensesLn 24e$51K$7K$44K$0
Total functional expensesLn 25$2.5M$1.8M$632K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.3M$2.1M$192K$188K 990 PDF
FY2023 $1.9M$2.0M−$145K−$4K 990 PDF
FY2022 $2.0M$2.0M−$3K$179K 990 PDF
FY2021 $1.7M$1.5M$183K$183K 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 (5 parts)
Part I · Summary $2,372,500 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,294,446$2,351,738
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $16,387$20,762
I-12 Total revenuePrior year $2,310,833$2,372,500
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,462,662$1,661,671
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $655,852$802,660
I-18 Total expensesPrior year $2,118,514$2,464,331
I-19 Revenue less expensesPrior year $192,319−$91,831
Part VIII · Statement of revenue $2,372,500 across 5 lines filed
VIII-1e Government grants$2,327,296
VIII-1f All other contributions, gifts and grants$24,442
VIII-1h Total contributions, gifts and grants$2,351,738
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $20,762 · Unrelated business $0 · Excluded from tax $0$20,762
VIII-12 Total revenueRelated to mission $20,762 · Unrelated business $0 · Excluded from tax $0$2,372,500
Part IX · Statement of functional expenses $2,464,331 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $88,140 · Management $0 · Fundraising $0$88,140
IX-7 Other salaries and wagesPrograms $1,296,413 · Management $85,585 · Fundraising $0$1,381,998
IX-8 Pension plan contributionsPrograms $11,732 · Management $2,014 · Fundraising $0$13,746
IX-9 Other employee benefitsPrograms $50,364 · Management $3,077 · Fundraising $0$53,441
IX-10 Payroll taxesPrograms $117,051 · Management $7,295 · Fundraising $0$124,346
IX-11c Accounting feesPrograms $0 · Management $8,500 · Fundraising $0$8,500
IX-12 Advertising and promotionPrograms $0 · Management $38,172 · Fundraising $0$38,172
IX-13 Office expensesPrograms $10,786 · Management $10,065 · Fundraising $0$20,851
IX-16 OccupancyPrograms $0 · Management $19,914 · Fundraising $0$19,914
IX-19 Conferences, conventions and meetingsPrograms $44,036 · Management $0 · Fundraising $0$44,036
IX-20 InterestPrograms $0 · Management $34,768 · Fundraising $0$34,768
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $172,052 · Fundraising $0$172,052
IX-23 InsurancePrograms $0 · Management $16,848 · Fundraising $0$16,848
IX-24 Other expenses (24a–d)Programs $207,448 · Management $188,999 · Fundraising $0$396,447
IX-24e All other expensesPrograms $6,603 · Management $44,469 · Fundraising $0$51,072
IX-25 Total functional expensesPrograms $1,832,573 · Management $631,758 · Fundraising $0$2,464,331
Part X · Balance sheet $611,205 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $113,087$144,744
X-4 Accounts receivableStart of year $3,908$3,337
X-9 Prepaid expenses and deferred chargesStart of year $31,474$37,832
X-10c Land, buildings and equipment, netStart of year $81,398$425,292
X-16 Total assetsStart of year $391,773$611,205
X-17 Accounts payable and accrued expensesStart of year $18,141$59,603
X-26 Total liabilitiesStart of year $203,686$514,949
X-27 Net assets without donor restrictionsStart of year $188,087$96,256
X-32 Total net assets or fund balancesStart of year $188,087$96,256
X-33 Total liabilities and net assetsStart of year $391,773$611,205
Part XI · Reconciliation of net assets $96,256 net assets at year end
XI-1 Total revenue$2,372,500
XI-2 Total expenses$2,464,331
XI-3 Revenue less expenses−$91,831
XI-4 Net assets at start of year$188,087
XI-10 Net assets at end of year$96,256

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

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