The operation of a public charter school for the education of children in the community.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
$46K 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

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
3 of 5
filings with a surplus
Average surplus $97K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
24 mo
of spending, in cash
Looks good: 23.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$368K
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
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
$303K
Spent
$200K
To programs
39%
Net assets
$103K
By yearFY2021–FY2025
Revenue
$303K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$303K
FY2022$2.1M
FY2023$2.2M
FY2024$3.3M
FY2025$3.0M
Expenses
$200K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$200K
FY2022$1.7M
FY2023$2.4M
FY2024$2.9M
FY2025$3.2M
Net assets
$103K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$103K
FY2022$530K
FY2023$319K
FY2024$726K
FY2025$487K

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

990 PDF Claim
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 2020.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $77K Management & general 61% · $123K

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; $46K 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
School Direc
$46,188Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Kidada Wynn$105,754$102,303$11,265——
Sherry Poole——$104,447$46,188$46,188

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 Peak Academy Charter School 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 educating local children.

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Provided by the organization

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1 program · $77K · in their own filed words · FY2020
01

Prepared for opening of public charter school in ashville, NC.

$77Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Gifts and grantsLn 1h$297K
Other incomeLn 4–11$6K
Money outPt IX
$200K
Ln 25
Programscol B$77K
Managementcol C$123K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$472K
LiabilitiesLn 26$368K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$297K
Government grantsLn 1e$143K
Other incomeLn 4–11$6K
Total revenueLn 12$303K
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$152K
Cash and savings togetherLn 1–2$397K
Land, buildings, equipmentLn 10c$74K
Total assetsLn 16$472K
LiabilitiesLn 26$368K
Net assetsLn 32$103K
OperationsPt I, VI
EmployeesI 548
VolunteersI 610
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 FY21End FY21
Cash and savingsLn 1–2$397K
Land, buildings, equipmentLn 10c$74K
Total assetsLn 16$0$472K
LiabilitiesLn 26$0$368K
Net assetsLn 32$0$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$70K
Other salaries and wagesLn 7$71K$54K$18K
Other employee benefitsLn 9$5K$2K$3K
Payroll taxesLn 10$7K$2K$4K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$499$499
Other fees for servicesLn 11g$12K$6K$5K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$1K$456$846
Information technologyLn 14$6K$6K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$172$172
Depreciation, depletion and amortizationLn 22$848$636$212
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$5K$964$4K
Total functional expensesLn 25$200K$77K$123K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$3.2M−$239K$487K 990 PDF
FY2024 $3.3M$2.9M$408K$726K 990 PDF
FY2023 $2.2M$2.4M−$215K$319K 990 PDF
FY2022 $2.1M$1.7M$427K$530K 990 PDF
FY2021 Viewing $303K$200K$103K$103K 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 FY2021 990 (6 parts)
Part I · Summary $303,195 revenue, 12 lines filed
I-8 Contributions and grants$296,945
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$6,250
I-12 Total revenue$303,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$152,028
I-16a Professional fundraising fees$0
I-17 Other expenses$47,855
I-18 Total expenses$199,883
I-19 Revenue less expenses$103,312
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $303,195 across 5 lines filed
VIII-1e Government grants$142,701
VIII-1f All other contributions, gifts and grants$154,244
VIII-1h Total contributions, gifts and grants$296,945
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,250$6,250
VIII-12 Total revenueRelated to mission $6,250$303,195
Part IX · Statement of functional expenses $199,883 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $69,579$69,579
IX-7 Other salaries and wagesPrograms $53,500 · Management $17,834$71,334
IX-9 Other employee benefitsPrograms $1,746 · Management $2,849$4,595
IX-10 Payroll taxesPrograms $2,478 · Management $4,042$6,520
IX-11b Legal feesManagement $5,401$5,401
IX-11c Accounting feesManagement $499$499
IX-11g Other fees for servicesPrograms $6,362 · Management $5,432$11,794
IX-12 Advertising and promotionManagement $9,925$9,925
IX-13 Office expensesPrograms $456 · Management $846$1,302
IX-14 Information technologyPrograms $5,764$5,764
IX-17 TravelPrograms $5,000$5,000
IX-19 Conferences, conventions and meetingsPrograms $172$172
IX-22 Depreciation, depletion and amortizationPrograms $636 · Management $212$848
IX-23 InsuranceManagement $1,690$1,690
IX-24 Other expenses (24a–d)Programs $964 · Management $4,496$5,460
IX-25 Total functional expensesPrograms $77,078 · Management $122,805 · Fundraising $0$199,883
Part X · Balance sheet $471,601 assets, 10 lines filed
X-1 Cash, non-interest-bearing$245,553
X-2 Savings and temporary cash investments$151,906
X-10c Land, buildings and equipment, net$74,142
X-16 Total assetsStart of year $0$471,601
X-17 Accounts payable and accrued expenses$913
X-19 Deferred revenue$367,376
X-26 Total liabilitiesStart of year $0$368,289
X-27 Net assets without donor restrictions$103,312
X-32 Total net assets or fund balancesStart of year $0$103,312
X-33 Total liabilities and net assetsStart of year $0$471,601
Part XI · Reconciliation of net assets $103,312 net assets at year end
XI-1 Total revenue$303,195
XI-2 Total expenses$199,883
XI-3 Revenue less expenses$103,312
XI-10 Net assets at end of year$103,312

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

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