Corporation for Effective Schooling

EIN: 561996482 501(c)(3) Education

Durham, NC

Total Revenue
$7,177,493
Total Expenses
$7,429,706
Total Assets
$19,646,087
Net Assets
$513,467
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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
1996
Legal Domicile
NC
Principal Officer
Adrienne Davis
Phone
9194039194
Tax Period
2024-07-01 to 2025-06-30

Corporation for Effective Schooling, founded in 1996, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

Operation of a public charter school

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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 (2024)

Revenue Breakdown

Contributions & Grants $268,161
Program Service Revenue $5,691,690
Investment Income $0
Other Revenue $1,217,642
TOTAL REVENUE $7,177,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,809,422
Fundraising Expenses $1,300,723
Program Expenses $3,636,534
Other Expenses $4,620,284
TOTAL EXPENSES $7,429,706

Year-over-Year Comparison

2024 2023 Change
Revenue $7,177,493 $7,444,113 0.0%
Expenses $7,429,706 $8,038,278 -0.1%
Net Income $-252,213 $-594,165 -0.6%
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
6
Independent Members
6
Employees
79
Volunteers
N/A

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Derek Powe Vice President 001.00
Officer Director
$0 $0 $0
Dalia Wimberly Board Member 001.00
Director
$0 $0 $0
Adrienne Davis Board President 001.00
Officer Director
$0 $0 $0
Stephanie McGarrah Secretary 001.00
Officer Director
$0 $0 $0
Ayanna Hernandez Board Member 001.00
Director
$0 $0 $0
Dwayne Patterson Board Member 001.00
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 $7,177,493 $7,429,706 $19,646,087 $-252,213
2024 $7,444,113 $8,038,278 $19,762,526 $-594,165
2023 $5,827,937 $6,416,088 $20,374,512 $-588,151
2022 $2,777,971 $6,209,924 $20,984,605 $-3,431,953
2021 $5,451,113 $4,492,227 $6,184,789 $958,886
2020 $5,612,508 $5,252,070 $5,973,383 $360,438
2019 $5,767,022 $5,808,349 $6,321,955 $-41,327
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