Cherokee County Charter School FY2022 filing

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Cherokee Charter academy will continuously develop the next generation of american citizens by developing creative, problem-solving minds through the education of the whole student. Our School will have a challenging learning environment with high expectations set in a creative and caring atmosphere to grow the intellectual, character, physical, social, and emotional sides of all our students.

501(c)(3) charity; gifts are tax-deductible.
79¢ 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
2 of 6
filings with a surplus
Average deficit $369K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.2M
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.2M
+40% vs prior year
Spent
$6.1M
To programs
79%
Net assets
−$889K
By yearFY2020–FY2025
Revenue
$6.2M
FY2022▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$97K
FY2021$4.4M
FY2022$6.2M
FY2023$6.1M
FY2024$8.2M
FY2025$9.8M
Expenses
$6.1M
FY2022▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$644K
FY2021$4.8M
FY2022$6.1M
FY2023$7.2M
FY2024$8.6M
FY2025$9.6M
Net assets
−$889K
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020−$547K
FY2021−$946K
FY2022−$889K
FY2023−$2.0M
FY2024−$2.4M
FY2025−$2.2M

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 Feb 2020.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $4.8M Management & general 21% · $1.3M

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cherokee County Charter School executive salaries →

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

Provides tuition-free public education for students in Gaffney, SC.

Questions for Cherokee County Charter School

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1 program · $4.8M · in their own filed words · FY2021
01

The school enrolled approximately 500 students in kindergarten though grade seven during the 2021-22 school year. The school ranked as the second best preforming elementary school in cherokee county. It also won the prestigeous silver top school award from our sponsor, the charter institute at erskine.

$4.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.1M federal money spent
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through SC Dept of Ed$622K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through The Charter Institute at Erskine$289K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through The Charter Institute at Erskine$110K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through The Charter Institute at Erskine$22K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through The Charter Institute at Erskine$12K

The auditor reported no findings.

Year ending Jun 2024 · $1.4M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through The Charter Institute at Erskine$654K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through SC Dept of Ed$454K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through The Charter Institute at Erskine$166K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through The Charter Institute at Erskine$61K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through The Charter Institute at Erskine$20K

The auditor reported no findings.

Year ending Jun 2023 · $778K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through SC Public Charter School District$333K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through SC Dept of Education$220K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through SC Public Charter School District$109K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through SC Public Charter School District$89K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through SC Public Charter School District$17K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2022 · $1.1M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through SC Public Sharter District$428K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through SC Dept of Education$388K
Charter SchoolsDepartment of Education · ALN 84.282 · Through SC Public Sharter District$133K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through SC Public Sharter District$118K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through SC Public Sharter District$50K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.2M
Ln 12
Gifts and grantsLn 1h$6.1M
Fees for servicesLn 2g$106K
Investment incomeLn 3$25
Money outPt IX
$6.1M
Ln 25
Programscol B$4.8M
Managementcol C$1.3M
Owns and owesPt X
−$889K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$11.3M
LiabilitiesLn 26$12.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.1M
Government grantsLn 1e$6.1M
Fees for servicesLn 2g$106K
Investment incomeLn 3$25
Total revenueLn 12$6.2M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$13K
Total assetsLn 16$11.3M
LiabilitiesLn 26$12.2M
Net assetsLn 32−$889K
OperationsPt I, VI
EmployeesI 587
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$11.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$1.3M$1.3M
Land, buildings, equipmentLn 10c$9.7M$9.4M
Total assetsLn 16$11.2M$11.3M
LiabilitiesLn 26$12.1M$12.2M
Net assetsLn 32−$946K−$889K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.7M$2.5M$217K
Pension plan contributionsLn 8$56K$50K$6K
Other employee benefitsLn 9$371K$348K$23K
Payroll taxesLn 10$200K$184K$16K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$448K$448K
Other fees for servicesLn 11g$117K$83K$35K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$143K$143K
Information technologyLn 14$84K$76K$8K
OccupancyLn 16$340K$340K
TravelLn 17$20K$20K
InterestLn 20$415K$415K
Depreciation, depletion and amortizationLn 22$342K$273K$68K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$702K$531K$172K
All other expensesLn 24e$89K$13K$76K
Total functional expensesLn 25$6.1M$4.8M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $9.8M$9.6M$210K−$2.2M 990 PDF
FY2024Filed with the IRS May 14, 2025 $8.2M$8.6M−$465K−$2.4M 990 PDF
FY2023Filed with the IRS May 15, 2024 $6.1M$7.2M−$1.1M−$2.0M 990 PDF
FY2022 ViewingFiled with the IRS Jun 19, 2023 $6.2M$6.1M$57K−$889K 990 PDF
FY2021Filed with the IRS May 16, 2022 $4.4M$4.8M−$399K−$946K 990 PDF
FY2020Filed with the IRS May 16, 2022 $97K$644K−$547K−$547K 990 PDF

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 $6,177,240 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,229,369$6,071,428
I-9 Program service revenuePrior year $171,601$105,787
I-10 Investment incomePrior year $120$25
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,401,090$6,177,240
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 $2,440,713$3,356,599
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,359,314$2,763,955
I-18 Total expensesPrior year $4,800,027$6,120,554
I-19 Revenue less expensesPrior year −$398,937$56,686
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $6,177,240 across 6 lines filed
VIII-1e Government grants$6,066,978
VIII-1f All other contributions, gifts and grants$4,450
VIII-1h Total contributions, gifts and grants$6,071,428
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,787$105,787
VIII-3 Investment incomeExcluded from tax $25$25
VIII-12 Total revenueRelated to mission $105,787 · Unrelated business $0 · Excluded from tax $25$6,177,240
Part IX · Statement of functional expenses $6,120,554 across 17 lines filed
IX-7 Other salaries and wagesPrograms $2,513,041 · Management $216,829$2,729,870
IX-8 Pension plan contributionsPrograms $50,342 · Management $5,707$56,049
IX-9 Other employee benefitsPrograms $347,878 · Management $22,812$370,690
IX-10 Payroll taxesPrograms $184,206 · Management $15,784$199,990
IX-11b Legal feesManagement $15,988$15,988
IX-11c Accounting feesManagement $448,200$448,200
IX-11g Other fees for servicesPrograms $82,636 · Management $34,533$117,169
IX-12 Advertising and promotionManagement $29,868$29,868
IX-13 Office expensesManagement $143,369$143,369
IX-14 Information technologyPrograms $76,171 · Management $7,937$84,108
IX-16 OccupancyPrograms $339,663$339,663
IX-17 TravelManagement $19,716$19,716
IX-20 InterestPrograms $415,348$415,348
IX-22 Depreciation, depletion and amortizationPrograms $273,244 · Management $68,311$341,555
IX-23 InsuranceManagement $17,843$17,843
IX-24 Other expenses (24a–d)Programs $530,502 · Management $171,636$702,138
IX-24e All other expensesPrograms $13,269 · Management $75,721$88,990
IX-25 Total functional expensesPrograms $4,826,300 · Management $1,294,254 · Fundraising $0$6,120,554
Part X · Balance sheet $11,331,306 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,343,263$1,311,707
X-3 Pledges and grants receivableStart of year $134,930$570,000
X-9 Prepaid expenses and deferred chargesStart of year $26,839$39,511
X-10c Land, buildings and equipment, netStart of year $9,699,061$9,397,422
X-15 Other assetsStart of year $92$12,666
X-16 Total assetsStart of year $11,204,185$11,331,306
X-17 Accounts payable and accrued expensesStart of year $313,762$381,413
X-19 Deferred revenueStart of year $1,000$2,591
X-25 Other liabilitiesStart of year $0$1,193
X-26 Total liabilitiesStart of year $12,149,762$12,220,197
X-32 Total net assets or fund balancesStart of year −$945,577−$888,891
X-33 Total liabilities and net assetsStart of year $11,204,185$11,331,306
Part XI · Reconciliation of net assets −$888,891 net assets at year end
XI-1 Total revenue$6,177,240
XI-2 Total expenses$6,120,554
XI-3 Revenue less expenses$56,686
XI-4 Net assets at start of year−$945,577
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$888,891

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

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