“Success by Association”

May 13, 2015

To: Member Schools (listed below)

From: Association

Your Association continues to grow. Our billed revenue for the four and a half months year to date (we have a calendar fiscal year), is $212,000 compared to $148,000 a year ago for the same period, a 43% increase!

Our billings have come from program accounting services for our member schools (Integrated Solutions Information Systems) $108K, conference sponsorships, $49K, and all other, including school dues of $55K. Major expenses have been accounting subcontract fees paid, program wages, and program management fees. Cash in bank was $25,741.

We receive no grant funding.

In 2014 the Association entered into four contingent fee contracts to help selected charter applicants. This was done because of the dismal “pass rate” of the cohort of schools opening this year, 11 out of 71 applicants! Of the four we assisted, two have passed the Advisory Board and will be voted on June 4 by the SBE. When the schools open in 2016 the Association will have earned $24,000 each pending SBE approval. We are not only happy for the two applicants, Union Day School and Charlotte Classical School, which will be exemplary charters, but we are also happy we will be able to subsidize your dues and the cost of your Association by the $48,000 to be received next year!

Our form 990 for the year ended December 31, 2014 will be online shortly. Our other federal non-profit reports from 2012 and 2013 may be found here.

We thank our business members and conference sponsors. But a special thank you to these 77 school members below. We only include schools that have paid us membership dues in the last year (plus a 3 month grace period).

A.C.E. Academy
Academy of Moore County
Anderson Creek Club Charter School
Arapahoe Charter School
Aristotle Preparatory Academy CFA
Arts Based Elementary
Bethel Hill Charter School
Brevard Academy CFA
Cabarrus Charter Academy
Cape Fear Center for Inquiry
Capitol Encore Academy
Cardinal Charter
Carolina International School
Carter G. Woodson School of Challenge
Charlotte Choice Charter
Chatham Charter School
College Preparatory and Leadership Academ
Community Charter School
Cornerstone Charter Academy CFA
Corvian Community School
Crosscreek Charter
Crossroads Charter High
Endeavor Charter School
Expedition School
Falls Lake Academy
FernLeaf Community Charter School
Forsyth Academies NHA
Francine Delany New School for Children
Greensboro Academy NHA
Hawbridge School
Institute Development of Young Leaders
INVEST Collegiate
INVEST Collegiate Buncombe
Lake Norman Charter School
Langtree Charter Academy
Leadership Academy for Young Women
Lincoln Charter School-Denver K-12
Longleaf School of the Arts
Metrolina Regional Scholars’ Academy
Millennium Charter Academy
Mountain Island Charter School
New Dimensions School CFA
North Carolina Virtual Academy
North East Carolina Prep
Oxford Preparatory
Piedmont Community School CFA
PreEminent Charter School NHA
Quality Education Academy
Queen’s Grant Community Schools
Queen’s Grant NHA
Raleigh Charter High School
Reaching All Minds Academy
Research Triangle Charter Academy
Research Triangle High School
Roxboro Community School
Sallie B. Howard
Southeastern Academy
Southern Wake Academy
STEM Education for a Global Society
Success Institute
Summerfield
Thomas Jefferson Classical Academy CFA
Torchlight Academy
Triangle Math and Science Academy
Union Day
Uwharrie Charter Academy
Vance Charter School
Veritas Community School
Voyager Academy
Wake Forest Charter Academy NHA
Water’s Edge Village School
Wayne Prep
Willow Oak Montessori Charter School
Wilmington Preparatory Academy
Wilson Preparatory Academy
Winterville Charter Academy NHA
ZECA School of Arts and Technology