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TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$6.3M
Program Spending
23%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$7.5M
Total Assets
$103.6M
Total Liabilities
▼$107.5M
Net Assets
-$3.9M
Officer Compensation
→N/A
Other Salaries
$97K
Investment Income
$1.5M
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
WarningTax-exempt status was revoked on November 15, 2012
Reinstated on November 15, 2012
Exemption type: 03
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $6.3M | $0 | $7.5M | $103.6M | -$3.9M |
| 2022 | $5.9M | $0 | $4.8M | $65.3M | -$2.8M |
| 2021 | $1.9M | $0 | $1.8M | $19.2M | -$1M |
| 2020 | $1.8M | $0 | $1.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
Revocation status: IRS Auto-Revocation List
| Total |
|---|
| Murat Bakir Phd | Senior Business Manager | 40 | $111.3K | $0 | $19.2K | $130.5K |
| Fahrudin Mekic | President | 1 | $0 | $0 | $0 | $0 |
| Shkerah Mcdowell | Vice-president | 1 | $0 | $0 | $0 | $0 |
| Mustafa Tosun | Secretary | 1 | $0 | $0 | $0 | $0 |
Murat Bakir Phd
Senior Business Manager
$130.5K
Hrs/Wk
40
Compensation
$111.3K
Related Orgs
$0
Other
$19.2K
Fahrudin Mekic
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shkerah Mcdowell
Vice-president
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mustafa Tosun
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $19.4M |
| -$1.2M |
| 2019 | $1.8M | $0 | $1.8M | $19.8M | -$1.1M |
| 2018 | $1.8M | $0 | $1.9M | $20.2M | -$1.1M |
| 2017 | $1.8M | $0 | $1.9M | $20.6M | -$1M |
| 2016 | $1.8M | $0 | $2M | $19.1M | -$857.8K |
| 2015 | $1.3M | $0 | $2M | $21.5M | -$733.1K |
| 2014 | $1.1M | $0 | $1.2M | $12.9M | -$25.9K |
| 2013 | $588.9K | $0 | $569.4K | $7.4M | $148.5K |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data | PDF not yet published by IRS |
| 2012 | 990 | — |
| 2011 | 990 | — |
| 2010 | 990 | — |