THE NORTH CAROLINA LEADERSHIP CHARTER ACADEMY INC

EIN: 461185191 501(c)(3) Education

KERNERSVILLE, NC

Total Revenue
$12,533,838
Total Expenses
$11,499,465
Total Assets
$40,479,289
Net Assets
$6,487,634
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
JAMES DAVIS II
Phone
3369922710
Tax Period
2023-07-01 to 2024-06-30

THE NORTH CAROLINA LEADERSHIP CHARTER ACADEMY INC, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $12.5M in total revenue in fiscal year 2023. Expenses of $11.5M left a modest 8% surplus.

Mission

THE NORTH CAROLINA LEADERSHIP ACADEMY PROVIDES ITS K-12 STUDENTS WITH A SOLID FOUNDATION OF SKILLS, KNOWLEDGE, AND INFORMATION AS PART OF THEIR COLLEGE PREPARATORY PROGRAM. ADDITIONALLY, NCLA SEEKS THE ACCEPTANCE OF ALL HIGH SCHOOL GRADUATES TO THE COLLEGES OF THEIR CHOICES BY UNLOCKING THEIR SCHOLARSHIP, LEADERSHIP, AND CITIZENSHIP POTENTIAL THROUGH THEIR EMPOWERMENT IN A PARTICIPATIVE LEADERSHIP ROLE WITHIN THE ACADEMY, ITS COMMUNITY, AND THE STATE OF NORTH CAROLINA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $427,981
Program Service Revenue $12,014,390
Investment Income $91,467
Other Revenue $0
TOTAL REVENUE $12,533,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,651,154
Fundraising Expenses $0
Program Expenses $9,240,966
Other Expenses $2,848,311
TOTAL EXPENSES $11,499,465

Year-over-Year Comparison

2023 2022 Change
Revenue $12,533,838 $12,094,942 +0.0%
Expenses $11,499,465 $10,478,486 +0.1%
Net Income $1,034,373 $1,616,456 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
135
Volunteers
600

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$122,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DAVIS II CHAIRMAN 4.00
Officer Director
$0 $0 $0
JOSEPH ORENSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID FITZPATRICK TRUSTEE 0.50
Director
$0 $0 $0
AB HENLEY TRUSTEE 0.50
Director
$0 $0 $0
FREDERICK KENNEDY CHAIRMAN EMERITUS/EX-OFFIC 0.50
Director
$0 $0 $0
CHANDRA PARKER TRUSTEE 0.50
Director
$0 $0 $0
MONTRALE BOYKIN JD TRUSTEE 0.50
Director
$0 $0 $0
RENEE FAENZA PRINCIPAL 50.00
Officer
$122,000 $0 $122,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $12,533,838 $11,499,465 $40,479,289 $1,034,373
2023 $12,094,942 $10,478,486 $38,048,289 $1,616,456
2022 $10,646,199 $9,949,965 $35,763,613 $696,234
2021 $10,453,101 $10,431,628 $34,463,611 $21,473
2020 $8,562,732 $10,186,878 $33,173,930 $-1,624,146
2019 $6,964,025 $6,867,856 $40,555,071 $96,169
2018 $6,229,611 $4,854,284 $5,346,354 $1,375,327
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