Chatham Charter School FY2024 filing

Tax-deductible

Siler City, NC501(c)(3)Since 1996EducationEIN 56-1995360Revenue $7.4M in FY2024

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

This page gets seen. Tell your story. Claim this org.

Operation of a public Charter School.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$263K 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

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
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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$263K
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
3 mo
of spending, in cash
Looks good: 3.3 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
$4.5M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.4M
+12% vs prior year
Spent
$6.8M
To programs
82%
Net assets
$4.5M
By yearFY2020–FY2025
Revenue
$7.4M
FY2024▲ +12%
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
FY2024▲ +1%
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
$4.5M
FY2024▲ +14%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $5.6M Management & general 18% · $1.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

10 people listed on the 990; $263K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$155,274Pt VII · Sec A
Executive Director
$107,304Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

See Chatham Charter School executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Chatham Charter School sees how many people are interested.

Your first name shows with your question. Chatham Charter School answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $5.6M · in their own filed words · FY2023
01

Operated as a public charter school in siler city, NC serving approximately 578 students for the fiscal year ended june 30, 2024.

$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 FY2024 990, line by line.

1The main four
Money inPt VIII
$7.4M
Ln 12
Gifts and grantsLn 1h$6.9M
Fees for servicesLn 2g$432K
Other incomeLn 4–11$46K
Money outPt IX
$6.8M
Ln 25
Programscol B$5.6M
Managementcol C$1.2M
Owns and owesPt X
$4.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$9.0M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.9M
Government grantsLn 1e$6.9M
Fees for servicesLn 2g$432K
Other incomeLn 4–11$46K
Total revenueLn 12$7.4M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$7.0M
Total assetsLn 16$9.0M
LiabilitiesLn 26$4.5M
Net assetsLn 32$4.5M
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 FY24End FY24
Cash and savingsLn 1–2$1.3M$1.9M
Land, buildings, equipmentLn 10c$7.3M$7.0M
Total assetsLn 16$8.7M$9.0M
LiabilitiesLn 26$4.7M$4.5M
Net assetsLn 32$4.0M$4.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$263K$215K$48K
Other salaries and wagesLn 7$3.6M$3.0M$662K
Pension plan contributionsLn 8$80K$65K$15K
Other employee benefitsLn 9$18K$14K$3K
Payroll taxesLn 10$826K$675K$151K
Legal feesLn 11b$6K$5K$1K
Accounting feesLn 11c$11K$9K$2K
Other fees for servicesLn 11g$481K$393K$88K
Advertising and promotionLn 12$11K$9K$2K
Office expensesLn 13$82K$67K$15K
Information technologyLn 14$71K$58K$13K
OccupancyLn 16$173K$142K$32K
TravelLn 17$87K$71K$16K
Conferences, conventions and meetingsLn 19$77K$63K$14K
InterestLn 20$204K$167K$37K
Depreciation, depletion and amortizationLn 22$450K$368K$82K
InsuranceLn 23$72K$59K$13K
Other expenses (24a–d)Ln 24$305K$249K$56K
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 Viewing $7.4M$6.8M$563K$4.5M 990 PDF
FY2023 $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

Want to add your own materials alongside these filings? Claim this org

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 (6 parts)
Part I · Summary $7,407,715 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,166,124$6,929,120
I-9 Program service revenuePrior year $415,128$432,453
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $38,979$46,142
I-12 Total revenuePrior year $6,620,231$7,407,715
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,672,506$4,815,610
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,081,204$2,029,539
I-18 Total expensesPrior year $6,753,710$6,845,149
I-19 Revenue less expensesPrior year −$133,479$562,566
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $7,407,715 across 7 lines filed
VIII-1e Government grants$6,917,537
VIII-1f All other contributions, gifts and grants$11,583
VIII-1h Total contributions, gifts and grants$6,929,120
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $432,453$432,453
VIII-6 Net rental income or lossRelated to mission $1,100$1,100
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $45,042$45,042
VIII-12 Total revenueRelated to mission $478,595 · Unrelated business $0 · Excluded from tax $0$7,407,715
Part IX · Statement of functional expenses $6,845,149 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $214,656 · Management $47,922$262,578
IX-7 Other salaries and wagesPrograms $2,967,381 · Management $662,473$3,629,854
IX-8 Pension plan contributionsPrograms $65,038 · Management $14,520$79,558
IX-9 Other employee benefitsPrograms $14,351 · Management $3,204$17,555
IX-10 Payroll taxesPrograms $675,302 · Management $150,763$826,065
IX-11b Legal feesPrograms $4,975 · Management $1,111$6,086
IX-11c Accounting feesPrograms $8,649 · Management $1,931$10,580
IX-11g Other fees for servicesPrograms $393,480 · Management $87,845$481,325
IX-12 Advertising and promotionPrograms $9,076 · Management $2,026$11,102
IX-13 Office expensesPrograms $67,375 · Management $15,042$82,417
IX-14 Information technologyPrograms $57,932 · Management $12,933$70,865
IX-16 OccupancyPrograms $141,663 · Management $31,626$173,289
IX-17 TravelPrograms $70,735 · Management $15,792$86,527
IX-19 Conferences, conventions and meetingsPrograms $62,582 · Management $13,972$76,554
IX-20 InterestPrograms $167,060 · Management $37,296$204,356
IX-22 Depreciation, depletion and amortizationPrograms $367,585 · Management $82,064$449,649
IX-23 InsurancePrograms $58,940 · Management $13,158$72,098
IX-24 Other expenses (24a–d)Programs $249,082 · Management $55,609$304,691
IX-25 Total functional expensesPrograms $5,595,862 · Management $1,249,287 · Fundraising $0$6,845,149
Part X · Balance sheet $9,001,934 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,318,903$1,900,725
X-4 Accounts receivableStart of year $48,637$38,647
X-9 Prepaid expenses and deferred chargesStart of year $19,231$23,081
X-10c Land, buildings and equipment, netStart of year $7,282,164$7,039,481
X-16 Total assetsStart of year $8,668,935$9,001,934
X-17 Accounts payable and accrued expensesStart of year $378,208$353,836
X-26 Total liabilitiesStart of year $4,702,636$4,473,069
X-27 Net assets without donor restrictionsStart of year $3,966,299$4,528,865
X-32 Total net assets or fund balancesStart of year $3,966,299$4,528,865
X-33 Total liabilities and net assetsStart of year $8,668,935$9,001,934
Part XI · Reconciliation of net assets $4,528,865 net assets at year end
XI-1 Total revenue$7,407,715
XI-2 Total expenses$6,845,149
XI-3 Revenue less expenses$562,566
XI-4 Net assets at start of year$3,966,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,528,865

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.