Operation of a public charter school -- Discovery Charter School. Also, provide additional support for the School.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $328K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.7M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
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
$3.5M
+54% vs prior year
Spent
$3.1M
To programs
84%
Net assets
$778K
By yearFY2020–FY2025
Revenue
$3.5M
FY2022▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$2.3M
FY2022$3.5M
FY2023$7.4M
FY2024$5.4M
FY2025$6.6M
Expenses
$3.1M
FY2022▲ +75%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.8M
FY2022$3.1M
FY2023$4.9M
FY2024$6.3M
FY2025$7.3M
Net assets
$778K
FY2022▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020$179K
FY2021$389K
FY2022$778K
FY2023$3.3M
FY2024$2.5M
FY2025$1.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Oct 2016.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.6M Management & general 16% · $503K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Toni Shellady’s $150K as Executive Director is at the 64th 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.

See Discovery Charter School Group 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 15aYes

Programs and updates

Operates a public charter school and provides it with extra support.

Questions for Discovery Charter School Group

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2021
01

Operation of charter school in Durham, North Carolina, serving approximately 262 students in grades 6-8 for the fiscal year ended June 30, 2022.

$2.6Mprogram 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
Charter Fund INCFY2024$250K
Total grants receivedfrom 1 funder$250K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.5M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$349K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.6M
Managementcol C$503K
Owns and owesPt X
$778K
net assets · Ln 32
Cash and savingsLn 1–2$570K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Government grantsLn 1e$348K
Fees for servicesLn 2g$3.2M
Total revenueLn 12$3.5M
Assets in detailPt X, end of year
CashLn 1$570K
Cash and savings togetherLn 1–2$570K
Land, buildings, equipmentLn 10c$268K
Other assetsLn 15$1.4M
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.7M
Net assetsLn 32$778K
OperationsPt I, VI
EmployeesI 570
VolunteersI 647
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$296K$570K
Land, buildings, equipmentLn 10c$32K$268K
Total assetsLn 16$1.9M$2.4M
LiabilitiesLn 26$1.5M$1.7M
Net assetsLn 32$389K$778K
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$1.3M$1.3M$20K
Pension plan contributionsLn 8$300K$300K
Other employee benefitsLn 9$133K$133K
Payroll taxesLn 10$75K$73K$2K
Management feesLn 11a$0
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$26K$26K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$497K$398K$99K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$52K$52K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$727K$421K$306K
All other expensesLn 24e$0
Total functional expensesLn 25$3.1M$2.6M$503K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.6M$7.3M−$766K$1.7M 990 PDF
FY2024 $5.4M$6.3M−$825K$2.5M 990 PDF
FY2023 $7.4M$4.9M$2.5M$3.3M 990 PDF
FY2022 Viewing $3.5M$3.1M$389K$778K 990 PDF
FY2021 $2.3M$1.8M$491K$389K 990 PDF
FY2020 $1.2M$1.0M$179K$179K 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 FY2022 990 (6 parts)
Part I · Summary $3,535,265 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,889$348,921
I-9 Program service revenuePrior year $2,229,511$3,186,344
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,290,400$3,535,265
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $816,699$1,793,854
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $983,010$1,352,067
I-18 Total expensesPrior year $1,799,709$3,145,921
I-19 Revenue less expensesPrior year $490,691$389,344
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,535,265 across 5 lines filed
VIII-1e Government grants$348,376
VIII-1f All other contributions, gifts and grants$545
VIII-1h Total contributions, gifts and grants$348,921
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$3,186,344
VIII-12 Total revenue$3,535,265
Part IX · Statement of functional expenses $3,145,921 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 wagesPrograms $1,266,209 · Management $19,730$1,285,939
IX-8 Pension plan contributionsPrograms $299,959$299,959
IX-9 Other employee benefitsPrograms $133,290$133,290
IX-10 Payroll taxesPrograms $72,890 · Management $1,776$74,666
IX-11a Management fees$0
IX-11b Legal feesManagement $12,806$12,806
IX-11c Accounting feesManagement $8,408$8,408
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionManagement $25,796$25,796
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $397,563 · Management $99,390$496,953
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $51,624$51,624
IX-23 InsuranceManagement $29,059$29,059
IX-24 Other expenses (24a–d)Programs $421,081 · Management $306,340$727,421
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,642,616 · Management $503,305 · Fundraising $0$3,145,921
Part X · Balance sheet $2,447,239 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $295,560$569,814
X-4 Accounts receivableStart of year $199,231$132,938
X-9 Prepaid expenses and deferred chargesStart of year $1,248$48,269
X-10c Land, buildings and equipment, netStart of year $32,247$267,785
X-15 Other assetsStart of year $1,336,098$1,428,433
X-16 Total assetsStart of year $1,864,384$2,447,239
X-17 Accounts payable and accrued expensesStart of year $18,015$69,562
X-25 Other liabilitiesStart of year $1,457,610$1,599,574
X-26 Total liabilitiesStart of year $1,475,625$1,669,136
X-27 Net assets without donor restrictionsStart of year $388,759$778,103
X-32 Total net assets or fund balancesStart of year $388,759$778,103
X-33 Total liabilities and net assetsStart of year $1,864,384$2,447,239
Part XI · Reconciliation of net assets $778,103 net assets at year end
XI-1 Total revenue$3,535,265
XI-2 Total expenses$3,145,921
XI-3 Revenue less expenses$389,344
XI-4 Net assets at start of year$388,759
XI-10 Net assets at end of year$778,103

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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