Piedmont Classical High School FY2021 filing

Tax-deductible

Rutherfordton, NC501(c)(3)EducationEIN 46-4228515Revenue $4.3M in FY2021

On file with the IRSpiedmontclassical.comPo Box 86, 28139-0086 · Rutherfordton, NCTax-exempt since Mar 2016School — 170(b)(1)(A)(ii)

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Education as a public charter School.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
$197K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
1 of 6
filings with a surplus
Average deficit $277K a year · 6% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
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
4 mo
of spending, in cash
Looks good: 4.3 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
$19.5M
102% of total assets
Concern: liabilities are 102% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 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
$4.3M
-0.6% vs prior year
Spent
$5.4M
To programs
50%
Net assets
−$306K
By yearFY2020–FY2025
Revenue
$4.3M
FY2021▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$4.3M
FY2022$4.8M
FY2023$5.0M
FY2024$5.4M
FY2025$5.5M
Expenses
$5.4M
FY2021▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$5.4M
FY2022$5.1M
FY2023$5.1M
FY2024$5.4M
FY2025$5.6M
Net assets
−$306K
FY2021▼ -138%
Tap a bar for its year
Net assets by fiscal year
FY2020$797K
FY2021−$306K
FY2022−$595K
FY2023−$721K
FY2024−$793K
FY2025−$889K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 2016.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $2.7M Management & general 50% · $2.7M

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; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Principal
$114,350Pt VII · Sec A
Director of Operations
$82,250Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Travis Ward’s $219K as Principal is at the 86th 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 · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Travis Ward$218,620$184,887$147,000$135,760$114,350—
Angela Jackson—$103,824$97,095$84,128$82,250$74,042
Frederick Hill$100,516—————
Tyler Ward—————$100,000
Dakisha Williams——$71,062$32,368——
Devon Carson——$47,613$22,631——

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

Operates public charter schools to provide education.

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Provided by the organization

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1 program · $2.7M · in their own filed words · FY2020
01

The school provides education to high school age students for the North Carolina Department of Public Instruction through its charter school legislation.

$2.7Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$82K
Fees for servicesLn 2g$10K
Money outPt IX
$5.4M
Ln 25
Programscol B$2.7M
Managementcol C$2.7M
Owns and owesPt X
−$306K
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$19.2M
LiabilitiesLn 26$19.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$4.2M
Fees for servicesLn 2g$10K
Other incomeLn 4–11$82K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$638K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$17.1M
Total assetsLn 16$19.2M
LiabilitiesLn 26$19.5M
Net assetsLn 32−$306K
OperationsPt I, VI
EmployeesI 565
VolunteersI 650
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$467K$1.9M
Land, buildings, equipmentLn 10c$159K$17.1M
Total assetsLn 16$829K$19.2M
LiabilitiesLn 26$31K$19.5M
Net assetsLn 32$797K−$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$197K$197K$0$0
Other salaries and wagesLn 7$1.7M$1.6M$140K$0
Pension plan contributionsLn 8$14K$11K$2K$0
Other employee benefitsLn 9$195K$191K$5K$0
Payroll taxesLn 10$156K$146K$10K$0
Legal feesLn 11b$350K$0$350K$0
Accounting feesLn 11c$7K$0$7K$0
Advertising and promotionLn 12$19K$0$19K$0
Office expensesLn 13$56K$34K$22K$0
Information technologyLn 14$57K$56K$650$0
OccupancyLn 16$1.1M$0$1.1M$0
TravelLn 17$2K$2K$0$0
Conferences, conventions and meetingsLn 19$6K$6K$0$0
InterestLn 20$243K$0$243K$0
Depreciation, depletion and amortizationLn 22$228K$227K$2K$0
InsuranceLn 23$38K$0$38K$0
Other expenses (24a–d)Ln 24$963K$199K$765K$0
All other expensesLn 24e$23K$16K$7K$0
Total functional expensesLn 25$5.4M$2.7M$2.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.5M$5.6M−$96K−$889K 990 PDF
FY2024 $5.4M$5.4M−$72K−$793K 990 PDF
FY2023 $5.0M$5.1M−$126K−$721K 990 PDF
FY2022 $4.8M$5.1M−$289K−$595K 990 PDF
FY2021 Viewing $4.3M$5.4M−$1.1M−$306K 990 PDF
FY2020 $4.3M$4.3M$26K$797K 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 FY2021 990 (6 parts)
Part I · Summary $4,297,237 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,120,220$4,204,720
I-9 Program service revenuePrior year $38,472$10,088
I-10 Investment income$0
I-11 Other revenuePrior year $164,322$82,429
I-12 Total revenuePrior year $4,323,014$4,297,237
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,485,971$2,302,567
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,810,602$3,097,625
I-18 Total expensesPrior year $4,296,573$5,400,192
I-19 Revenue less expensesPrior year $26,441−$1,102,955
Part VI · Governance 3 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,297,237 across 6 lines filed
VIII-1e Government grants$4,204,671
VIII-1f All other contributions, gifts and grants$49
VIII-1h Total contributions, gifts and grants$4,204,720
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$10,088
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82,429 · Unrelated business $0 · Excluded from tax $0$82,429
VIII-12 Total revenueRelated to mission $92,517 · Unrelated business $0 · Excluded from tax $0$4,297,237
Part IX · Statement of functional expenses $5,400,192 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $196,600 · Management $0 · Fundraising $0$196,600
IX-7 Other salaries and wagesPrograms $1,599,786 · Management $140,440 · Fundraising $0$1,740,226
IX-8 Pension plan contributionsPrograms $11,429 · Management $2,494 · Fundraising $0$13,923
IX-9 Other employee benefitsPrograms $190,518 · Management $4,908 · Fundraising $0$195,426
IX-10 Payroll taxesPrograms $146,473 · Management $9,919 · Fundraising $0$156,392
IX-11b Legal feesPrograms $0 · Management $350,359 · Fundraising $0$350,359
IX-11c Accounting feesPrograms $0 · Management $7,200 · Fundraising $0$7,200
IX-12 Advertising and promotionPrograms $0 · Management $18,514 · Fundraising $0$18,514
IX-13 Office expensesPrograms $34,363 · Management $21,878 · Fundraising $0$56,241
IX-14 Information technologyPrograms $56,257 · Management $650 · Fundraising $0$56,907
IX-16 OccupancyPrograms $0 · Management $1,105,089 · Fundraising $0$1,105,089
IX-17 TravelPrograms $1,583 · Management $0 · Fundraising $0$1,583
IX-19 Conferences, conventions and meetingsPrograms $6,047 · Management $0 · Fundraising $0$6,047
IX-20 InterestPrograms $0 · Management $243,138 · Fundraising $0$243,138
IX-22 Depreciation, depletion and amortizationPrograms $226,507 · Management $1,722 · Fundraising $0$228,229
IX-23 InsurancePrograms $0 · Management $38,021 · Fundraising $0$38,021
IX-24 Other expenses (24a–d)Programs $198,638 · Management $764,559 · Fundraising $0$963,197
IX-24e All other expensesPrograms $16,006 · Management $7,094 · Fundraising $0$23,100
IX-25 Total functional expensesPrograms $2,684,207 · Management $2,715,985 · Fundraising $0$5,400,192
Part X · Balance sheet $19,177,293 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $466,870$637,538
X-2 Savings and temporary cash investments$1,277,722
X-4 Accounts receivableStart of year $70,402$61,930
X-9 Prepaid expenses and deferred chargesStart of year $132,491$77,719
X-10c Land, buildings and equipment, netStart of year $158,866$17,122,384
X-16 Total assetsStart of year $828,629$19,177,293
X-17 Accounts payable and accrued expensesStart of year $21,996$100,809
X-19 Deferred revenueStart of year $481$481
X-26 Total liabilitiesStart of year $31,450$19,483,069
X-27 Net assets without donor restrictionsStart of year $647,286$1,953,619
X-28 Net assets with donor restrictionsStart of year $149,893−$2,259,395
X-32 Total net assets or fund balancesStart of year $797,179−$305,776
X-33 Total liabilities and net assetsStart of year $828,629$19,177,293
Part XI · Reconciliation of net assets −$305,776 net assets at year end
XI-1 Total revenue$4,297,237
XI-2 Total expenses$5,400,192
XI-3 Revenue less expenses−$1,102,955
XI-4 Net assets at start of year$797,179
XI-10 Net assets at end of year−$305,776

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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