Classical Charter Schools of America

EIN: 562173031 501(c)(3) Education

Leland, NC

Total Revenue
$31,769,604
Total Expenses
$31,255,941
Total Assets
$54,008,251
Net Assets
$13,720,206
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
Mark Dudeck
Phone
9106551214
Tax Period
2024-07-01 to 2025-06-30

Classical Charter Schools of America, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $31.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

Organizations Mission - Our understandings of humankind and our universe are expressed and communicated through all of our arts and sciences. Each method of expression - language, painting, music, mathematics, and science - has rules and techniques for effectively communicating these ideas and understandings. These rules and techniques are the bridges over which ideas must be communicated from one generation to the next. Thus, the mission of Classical Charters of America, through the Roger Bacon Academy is, for the next generation, to teach the rules and techniques for effective expressioin and communicatino in the arts and sciences, to communicate, by these arts and scienses, our understandings of the universe and our role in it, and to instill a love of learning and discovery, justifying a life-long dedication to health, truth and virtue.

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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 $2,802,979
Program Service Revenue $28,966,625
Investment Income $0
Other Revenue $0
TOTAL REVENUE $31,769,604

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,012,618
Fundraising Expenses $0
Program Expenses $19,387,084
Other Expenses $16,243,323
TOTAL EXPENSES $31,255,941

Year-over-Year Comparison

2024 2023 Change
Revenue $31,769,604 $34,930,723 -0.1%
Expenses $31,255,941 $32,429,082 0.0%
Net Income $513,663 $2,501,641 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
5
Independent Members
5
Employees
459
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
1
$0
Total Directors
5
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Spencer Director 001.00
Director
$0 $0 $0
Colleen Combs Chairman 002.00
Officer Director
$0 $0 $0
Ted Bodenschatz Director 001.00
Director
$0 $0 $0
Patricia Skyes Director 001.00
Director
$0 $0 $0
Howard Talley III Director 001.00
Director
$0 $0 $0
Kelly Darazsdi Secretary 015.00
Key Emp
$0 $0 $0
Mark Dudeck Treasurer 020.00
Key Emp
$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 $31,769,604 $31,255,941 $54,008,251 $513,663
2024 No data No data No data No data
2023 $32,485,242 $31,350,613 $51,586,891 $1,134,629
2022 $29,251,839 $29,487,373 $50,425,137 $-235,534
2021 $31,320,545 $27,861,421 $50,468,363 $3,459,124
2020 $22,049,882 $21,741,480 $13,088,828 $308,402
2019 $20,320,663 $19,495,904 $10,549,917 $824,759
2018 $20,482,328 $19,813,843 $9,779,440 $668,485
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