Support of Vance Charter School, a North Carolina public charter school.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.6M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$685K
-6% vs prior year
Spent
$691K
To programs
100%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$685K
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$718K
FY2021$547K
FY2022$709K
FY2023$757K
FY2024$728K
FY2025$685K
Expenses
$691K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$592K
FY2021$699K
FY2022$689K
FY2023$732K
FY2024$705K
FY2025$691K
Net assets
$1.3M
FY2025-0.5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.3M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $691K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Vance Charter School Foundation INC 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

Supports a North Carolina public charter school.

Questions for Vance Charter School Foundation INC

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Provided by the organization

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1 program · $691K · in their own filed words · FY2024
01

Provide support to Vance Charter School through the purchase of land and building of a school building.

$691Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$685K
Ln 12
Other incomeLn 4–11$619K
Gifts and grantsLn 1h$66K
Money outPt IX
$691K
Ln 25
Programscol B$691K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$279K
Total assetsLn 16$10.9M
LiabilitiesLn 26$9.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Other incomeLn 4–11$619K
Total revenueLn 12$685K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$246K
Cash and savings togetherLn 1–2$279K
Land, buildings, equipmentLn 10c$10.6M
Total assetsLn 16$10.9M
LiabilitiesLn 26$9.6M
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$268K$279K
Land, buildings, equipmentLn 10c$10.9M$10.6M
Total assetsLn 16$11.2M$10.9M
LiabilitiesLn 26$9.8M$9.6M
Net assetsLn 32$1.3M$1.3M
4Every 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 current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$250$250
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$362K$362K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$295K$295K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$0
Total functional expensesLn 25$691K$691K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $685K$691K−$6K$1.3M 990 PDF
FY2024 $728K$705K$24K$1.3M 990 PDF
FY2023 $757K$732K$26K$1.3M 990 PDF
FY2022 $709K$689K$20K$1.3M 990 PDF
FY2021 $547K$699K−$152K$1.2M 990 PDF
FY2020 $718K$592K$127K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $685,038 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,156$65,890
I-9 Program service revenuePrior year $19,451$0
I-10 Investment income$0
I-11 Other revenuePrior year $628,783$619,148
I-12 Total revenuePrior year $728,390$685,038
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,725$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $679,832$691,062
I-18 Total expensesPrior year $704,557$691,062
I-19 Revenue less expensesPrior year $23,833−$6,024
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $685,038 across 4 lines filed
VIII-1f All other contributions, gifts and grants$65,890
VIII-1h Total contributions, gifts and grants$65,890
VIII-6 Net rental income or loss$619,148
VIII-12 Total revenue$685,038
Part IX · Statement of functional expenses $691,062 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 current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $250$250
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $362,024$362,024
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $295,430$295,430
IX-23 InsurancePrograms $1,293$1,293
IX-24 Other expenses (24a–d)Programs $32,065$32,065
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $691,062 · Management $0 · Fundraising $0$691,062
Part X · Balance sheet $10,872,325 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $31,442$32,736
X-2 Savings and temporary cash investmentsStart of year $236,891$246,074
X-10c Land, buildings and equipment, netStart of year $10,888,945$10,593,515
X-16 Total assetsStart of year $11,157,278$10,872,325
X-26 Total liabilitiesStart of year $9,843,200$9,564,271
X-27 Net assets without donor restrictionsStart of year $1,314,078$1,308,054
X-32 Total net assets or fund balancesStart of year $1,314,078$1,308,054
X-33 Total liabilities and net assetsStart of year $11,157,278$10,872,325
Part XI · Reconciliation of net assets $1,308,054 net assets at year end
XI-1 Total revenue$685,038
XI-2 Total expenses$691,062
XI-3 Revenue less expenses−$6,024
XI-4 Net assets at start of year$1,314,078
XI-10 Net assets at end of year$1,308,054

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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