Chatham Charter School FY2023 filing

Tax-deductible

Siler City, NC501(c)(3)Since 1996EducationEIN 56-1995360Revenue $6.6M in FY2023

On file with the IRSchathamcharter.orgPo Box 245, 27344-0245 · Siler City, NCTax-exempt since Jun 1997School — 170(b)(1)(A)(ii)

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Operation of a public Charter School.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$147K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 $226K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$147K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
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
$4.7M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
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
$6.6M
+7% vs prior year
Spent
$6.8M
To programs
83%
Net assets
$4.0M
By yearFY2020–FY2025
Revenue
$6.6M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$5.8M
FY2022$6.2M
FY2023$6.6M
FY2024$7.4M
FY2025$7.7M
Expenses
$6.8M
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$5.3M
FY2022$6.4M
FY2023$6.8M
FY2024$6.8M
FY2025$7.1M
Net assets
$4.0M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.8M
FY2021$4.3M
FY2022$4.1M
FY2023$4.0M
FY2024$4.5M
FY2025$5.1M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jun 1997.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $5.6M Management & general 17% · $1.2M

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

8 people listed on the 990; $147K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Headmaster
$147,272Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Beth McCullough’s $116K as Exec. Dir. of Communications is at the 42nd 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Dr John Eldridge$95,380$155,274————
John Eldridge——$147,272$145,285$145,285$134,372
Beth McCullough$115,895$107,304————
Etta Foushee$42,507—————
Erik Christenbury$5,980—————

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

Educates students through a public charter school.

Questions for Chatham Charter School

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Provided by the organization

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1 program · $5.6M · in their own filed words · FY2022
01

Operated as a public charter school in siler city, NC serving approximately 1,247 students for the fiscal year ended june 30, 2023.

$5.6Mprogram 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
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Gifts and grantsLn 1h$6.2M
Fees for servicesLn 2g$415K
Other incomeLn 4–11$39K
Money outPt IX
$6.8M
Ln 25
Programscol B$5.6M
Managementcol C$1.2M
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$8.7M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.2M
Government grantsLn 1e$6.1M
Fees for servicesLn 2g$415K
Other incomeLn 4–11$39K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$7.3M
Total assetsLn 16$8.7M
LiabilitiesLn 26$4.7M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 5108
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$1.1M$1.3M
Land, buildings, equipmentLn 10c$7.6M$7.3M
Total assetsLn 16$8.9M$8.7M
LiabilitiesLn 26$4.8M$4.7M
Net assetsLn 32$4.1M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$178K$147K$31K
Other salaries and wagesLn 7$3.6M$3.0M$626K
Pension plan contributionsLn 8$72K$60K$12K
Other employee benefitsLn 9$522K$432K$90K
Payroll taxesLn 10$277K$229K$48K
Legal feesLn 11b$14K$12K$2K
Accounting feesLn 11c$8K$7K$1K
Other fees for servicesLn 11g$313K$259K$54K
Advertising and promotionLn 12$11K$9K$2K
Office expensesLn 13$226K$187K$39K
Information technologyLn 14$94K$78K$16K
OccupancyLn 16$110K$91K$19K
TravelLn 17$21K$18K$4K
Conferences, conventions and meetingsLn 19$102K$85K$18K
InterestLn 20$213K$177K$37K
Depreciation, depletion and amortizationLn 22$437K$361K$76K
InsuranceLn 23$52K$43K$9K
Other expenses (24a–d)Ln 24$451K$373K$78K
All other expensesLn 24e$28K$23K$5K
Total functional expensesLn 25$6.8M$5.6M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.7M$7.1M$601K$5.1M 990 PDF
FY2024 $7.4M$6.8M$563K$4.5M 990 PDF
FY2023 Viewing $6.6M$6.8M−$133K$4.0M 990 PDF
FY2022 $6.2M$6.4M−$203K$4.1M 990 PDF
FY2021 $5.8M$5.3M$493K$4.3M 990 PDF
FY2020 $5.4M$5.4M$39K$3.8M 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 FY2023 990 (6 parts)
Part I · Summary $6,620,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $355,004$6,166,124
I-9 Program service revenuePrior year $5,797,695$415,128
I-10 Investment incomePrior year $41$0
I-11 Other revenuePrior year $27,095$38,979
I-12 Total revenuePrior year $6,179,835$6,620,231
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,732,057$4,672,506
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,651,169$2,081,204
I-18 Total expensesPrior year $6,383,226$6,753,710
I-19 Revenue less expensesPrior year −$203,391−$133,479
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $6,620,231 across 7 lines filed
VIII-1e Government grants$6,142,534
VIII-1f All other contributions, gifts and grants$23,590
VIII-1h Total contributions, gifts and grants$6,166,124
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $415,128$415,128
VIII-8 Net income from fundraising events$5,562
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $33,417$33,417
VIII-12 Total revenueRelated to mission $448,545$6,620,231
Part IX · Statement of functional expenses $6,753,710 across 19 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $147,242 · Management $30,758$178,000
IX-7 Other salaries and wagesPrograms $2,997,022 · Management $626,070$3,623,092
IX-8 Pension plan contributionsPrograms $59,656 · Management $12,462$72,118
IX-9 Other employee benefitsPrograms $432,072 · Management $90,259$522,331
IX-10 Payroll taxesPrograms $229,105 · Management $47,860$276,965
IX-11b Legal feesPrograms $11,581 · Management $2,419$14,000
IX-11c Accounting feesPrograms $6,618 · Management $1,382$8,000
IX-11g Other fees for servicesPrograms $258,711 · Management $54,043$312,754
IX-12 Advertising and promotionPrograms $8,964 · Management $1,873$10,837
IX-13 Office expensesPrograms $186,910 · Management $39,045$225,955
IX-14 Information technologyPrograms $78,067 · Management $16,308$94,375
IX-16 OccupancyPrograms $91,405 · Management $19,094$110,499
IX-17 TravelPrograms $17,652 · Management $3,688$21,340
IX-19 Conferences, conventions and meetingsPrograms $84,734 · Management $17,701$102,435
IX-20 InterestPrograms $176,560 · Management $36,883$213,443
IX-22 Depreciation, depletion and amortizationPrograms $361,492 · Management $75,515$437,007
IX-23 InsurancePrograms $42,655 · Management $8,911$51,566
IX-24 Other expenses (24a–d)Programs $373,467 · Management $78,016$451,483
IX-24e All other expensesPrograms $22,757 · Management $4,753$27,510
IX-25 Total functional expensesPrograms $5,586,670 · Management $1,167,040 · Fundraising $0$6,753,710
Part X · Balance sheet $8,668,935 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,084,609$1,318,903
X-4 Accounts receivableStart of year $189,959$48,637
X-9 Prepaid expenses and deferred chargesStart of year $83,022$19,231
X-10c Land, buildings and equipment, netStart of year $7,589,806$7,282,164
X-16 Total assetsStart of year $8,947,396$8,668,935
X-17 Accounts payable and accrued expensesStart of year $324,442$378,208
X-26 Total liabilitiesStart of year $4,847,618$4,702,636
X-27 Net assets without donor restrictionsStart of year $4,099,778$3,966,299
X-32 Total net assets or fund balancesStart of year $4,099,778$3,966,299
X-33 Total liabilities and net assetsStart of year $8,947,396$8,668,935
Part XI · Reconciliation of net assets $3,966,299 net assets at year end
XI-1 Total revenue$6,620,231
XI-2 Total expenses$6,753,710
XI-3 Revenue less expenses−$133,479
XI-4 Net assets at start of year$4,099,778
XI-10 Net assets at end of year$3,966,299

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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