THE BURLINGTON SCHOOL INC

EIN: 560612840 501(c)(3)

BURLINGTON, NC

Total Revenue
$6,107,512
Total Expenses
$4,606,218
Total Assets
$13,014,350
Net Assets
$6,964,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NC
Principal Officer
LOGAN SHARPE
Phone
3362280296
Tax Period
2023-07-01 to 2024-06-30

THE BURLINGTON SCHOOL INC, founded in 1954, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 25% operating margin.

Mission

TO PROVIDE AN ACADEMICALLY CHALLENGING EDUCATION TO COLLEGE-BOUND STUDENTS AND TO MAINTAIN A SMALL SCHOOL ENVIRONMENT WHERE EACH STUDENT CAN DEVELOP INDIVIDUALLY IN A CLIMATE OF RESPECT AND UNDERSTANDING

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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 $1,473,178
Program Service Revenue $4,427,332
Investment Income $113,569
Other Revenue $93,433
TOTAL REVENUE $6,107,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,218,169
Fundraising Expenses $357,817
Program Expenses $3,781,563
Other Expenses $1,388,049
TOTAL EXPENSES $4,606,218

Year-over-Year Comparison

2023 2022 Change
Revenue $6,107,512 $5,447,852 +0.1%
Expenses $4,606,218 $3,977,517 +0.2%
Net Income $1,501,294 $1,470,335 +0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
113
Volunteers
200

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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONNIE WALL HEAD OF SCHO N/A
Highest
$161,766 $0 $161,766
LOGAN SHARPE CHAIR N/A
Officer Director
$0 $0 $0
DOUG HARGROVE PAST CHAIR N/A
Officer Director
$0 $0 $0
MATT WALL TREASURER N/A
Officer Director
$0 $0 $0
JANET LATHAM SECRETARY N/A
Officer Director
$0 $0 $0
JIM WOOTEN TRUSTEE N/A
Director
$0 $0 $0
ANIL PATEL TRUSTEE N/A
Director
$0 $0 $0
LISA KIRKPATRICK TRUSTEE N/A
Director
$0 $0 $0
KRYSTAL POLITE TRUSTEE N/A
Director
$0 $0 $0
MEREDITH SELF TRUSTEE N/A
Director
$0 $0 $0
GERRY FRANCIS TRUSTEE N/A
Director
$0 $0 $0
ELIZABETH HOOD TRUSTEE N/A
Director
$0 $0 $0
GREG VOORHIS TRUSTEE N/A
Director
$0 $0 $0
BEN OVERBY TRUSTEE N/A
Director
$0 $0 $0
RICHARD WHITE TRUSTEE N/A
Director
$0 $0 $0
NIK WILSON TRUSTEE N/A
Director
$0 $0 $0
BRIAN MARTINDALE TRUSTEE N/A
Director
$0 $0 $0
TODD WIRT TRUSTEE N/A
Director
$0 $0 $0
CAROLYN HUNT TRUSTEE N/A
Director
$0 $0 $0
TYRONNA HOOKER TRUSTEE N/A
Director
$0 $0 $0
JENNIFER SANDERS TRUSTEE N/A
Director
$0 $0 $0
DONNELL SCOTT TRUSTEE N/A
Director
$0 $0 $0
SCOTTY TANNER TRUSTEE N/A
Director
$0 $0 $0
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 $6,107,512 $4,606,218 $13,014,350 $1,501,294
2023 $5,447,852 $3,977,517 $8,131,437 $1,470,335
2022 $4,458,086 $4,193,090 $6,157,327 $264,996
2021 $3,947,789 $3,572,046 $6,033,269 $375,743
2020 $4,085,768 $3,422,231 $5,513,576 $663,537
2019 $3,337,075 $3,256,285 $5,031,196 $80,790
2018 $3,761,603 $3,134,341 $5,292,615 $627,262
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