2026-05-15T13:22:50-05:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 455348770 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC NORT 7049108499 154 FOUNDATION CT MOORESVILLE NC 28117 JAMES FONSECA PRESIDENT & TREASURER 7049108499 2026-05-15 1 1 REBECCA FISHER P01690017 7044993893 2026-05-13 2024 2025-03-06 01:10:19Z JAMES FONSECA 154 FOUNDATION CT MOORESVILLE NC 28117 53667588 0 X HTTPS://WWW.LANGTREECHARTER.ORG X 2012 NC NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA. 6 6 589 431 0 0 43740817 43757575 1339288 838011 602053 8151714 647043 920288 46329201 53667588 0 0 0 0 20625201 20848376 0 0 0 25066981 26408548 45692182 47256924 637019 6410664 97432838 66881232 112679235 75716965 -15246397 -8835733 X NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA. 0 0 27639157 1758299 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION OPERATED FOUR PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING EDUCATION TO APPROXIMATELY 3,660 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2025. 27639157 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 589 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 NC X CHARTER SCHOOLS USA INC 9542023500 800 CORPORATE DRIVE STE 700 FT LAUDERDALE FL 33334 X JAMES FONSECA PRESIDENT & TREASURER 2.00 X X 0 0 0 CHAD METZLER VICE PRESIDENT 2.00 X X 0 0 0 KELLY MILLIGAN SECRETARY 2.00 X X 0 0 0 PRASHON LOVE DIRECTOR 2.00 X 0 0 0 TOM KAKADELIS DIRECTOR 2.00 X 0 0 0 RENEE JEFFERSON DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 43475371 282204 43757575 FOOD SERVICE 611710 506682 506682 BEFORE AND AFTER CARE 611710 330859 330859 STUDENT ACTIVITIES 611710 470 470 838011 568455 568455 7583259 0 7583259 7583259 7583259 MISCELLANEOUS 900099 920288 920288 920288 53667588 1758299 0 8151714 17532148 10254027 7278121 80281 46954 33327 1939618 1134424 805194 1296329 758184 538145 591026 345673 245353 3647149 2133108 1514041 286000 167273 118727 609986 356763 253223 1366639 799306 567333 3651358 2135570 1515788 780493 456487 324006 227739 133198 94541 4680648 2737571 1943077 3327071 1945904 1381167 509193 297812 211381 ADMIN. SERVICES 3899599 2280758 1618841 NUTRITION SERVICES 1749765 1023385 726380 BOOKS & SUPPLIES 989497 578727 410770 NON-CAP EQUIPMENT 80729 47216 33513 11656 6817 4839 47256924 27639157 19617767 0 1378227 2301002 8937158 8598675 1272554 841628 337414 178197 69972307 22992141 72491173 46980166 13016312 7981564 97432838 66881232 3003532 4625328 96266807 62583828 13408896 8507809 112679235 75716965 X -15246397 -17434408 8598675 -15246397 -8835733 97432838 66881232 6410664 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61554791 16113529 45441262 4500341 3996614 503727 3917175 2881998 1035177 46980166 SECURITY DEPOSIT 100759 RIGHT TO USE LEASED ASSETS, NET OF AMORTIZATION 7880805 7981564 LEASE LIABILITY 8416768 DUE TO OTHER GOVERNMENTS, SCHOOLS, & SUBFUNDS 91041 8507809 53667588 0 53667588 0 53667588 47256924 0 47256924 0 47256924 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NC CHARTER EDUCATIONAL FOUNDATION OPERATES PUBLIC CHARTER SCHOOLS AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION, AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS. SCHEDULE E, PART I, LINE 6 A NORTH CAROLINA CHARTER SCHOOL FUNDED BY STATE AND LOCAL GOVERNMENT. IT ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS. A PUBLIC FINANCE AUTHORITY 273866124 74442EBP4 2016-08-30 110470000 SEE PART VI 0 0 0 A 47815000 110470000 8937158 2973713 2202531 96356598 2019 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PART I, ROW A, COLUMN F: THE 2016 BOND PROCEEDS WERE USED FOR THE ACQUISITION, CONSTRUCTION, AND EQUIPPING OF SCHOOL FACILITIES. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS FORMAL AGREEMENTS WITH CHARTER SCHOOLS USA TO MANAGE, STAFF, AND OPERATE THE SCHOOLS. THE AGREEMENT STATES THAT CSUSA SHALL BE ENTITLED TO COST REIMBURSEMENTS AND MANAGEMENT FEES FOR ITS SERVICES, SUBJECT TO THE AVAILABILITY OF FUNDS. THE FEE IS SUBORDINATED TO ALL BOND PAYMENT REQUIREMENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD FINANCE COMMITTEE AND IS PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE BOARD EACH YEAR. ANY CONFLICTS, OR POTENTIAL CONFLICTS OF INTEREST, ARE REVIEWED AND RESOLVED BY THE BOARD. WRITTEN DISCLOSURES ARE REQUIRED FOR ANY POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DECISIONS ARE MADE BASED ON SIMILAR PAY SCALES FOR EDUCATORS IN THE STATE OF NORTH CAROLINA AND ON EXPERIENCE. THE BOARD REVIEWS AND APPROVES ALL SALARY DECISIONS AND RECOMMENDATIONS BY MANAGEMENT. COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST WITHIN 14 DAYS, PERMITTING ACCESS.