Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
EIN 56-2100063 • 501(c)3 • Crossnore, NC
Profile
The academy is a charter school operating under north carolina governmental regulations. The students are residents of the childrens home where the campus is located.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
Liabilities / Revenue
67th percentile
Higher debt load relative to revenue than 67% of similar nonprofits.
Net Margin
40th percentile
Higher net margin than 40% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Assets
Down$914,689
Down $82,446 (-8.3%) from 2024
Liabilities
Down$512,541
Down $90,000 (-15%) from 2024
Net Assets
Up$402,148
Up $7,554 (+1.9%) from 2024
Revenue
Up$2,416,815
Up $519,517 (+27%) from 2024
Expenses
Up$2,409,270
Up $129,693 (+5.7%) from 2024
Net Income
Up$7,545
Up $389,824 (+102%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The academy is a charter school operating under north carolina governmental regulations. The students are residents of the childrens home where the campus is located.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $205,374 | $611,723 | ▲ $406,349 |
| Other Notes and Loans Receivable, Net | $450,000 | - | - |
| Rtn Earn Endowment Incm Other Fnds | - | $402,148 | - |
| Pd in Cap Srpls Land Bldg Eqp Fund | $304,721 | - | - |
| Land, Buildings, and Equipment, Net | $304,721 | $267,952 | ▼ $36,769 |
| Cap Stk Tr Prin Current Funds | $89,873 | - | - |
| Accounts Receivable | $37,040 | $35,014 | ▼ $2,026 |
| Total Assets | $997,135 | $914,689 | ▼ $82,446 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $600,000 | $510,000 | ▼ $90,000 |
| Accounts Payable and Accrued Expenses | $2,541 | $2,541 | → $0 |
| Total Liabilities | $602,541 | $512,541 | ▼ $90,000 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $394,594 | $402,148 | ▲ $7,554 |
| Total Liabilities and Net Assets / Fund Balance | $997,135 | $914,689 | ▼ $82,446 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $43,355 | $240,148 | $283,503 |
| Buildings | $224,597 | $34,903 | $259,500 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Cyndi Austin | Principal | FT | $103,000 | $103,000 |
| Name | Title |
|---|---|
| Traci Royster | Chairperson |
| Cynthia Oates | Director |
| Jeremy Burnett | Director |
| Kim Barnhardt | Director |
| Marilyn Williams | Director |
| Samuel Phllips | Director |
| Stacy Clark | Director |
| Tommy Dellinger | Director |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $1,989,536 |
| Other Expenses | $419,734 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $1,489,844 | $112,847 | - | $1,602,691 |
| Other Employee Benefits | $174,273 | $26,041 | - | $200,314 |
| Payroll Taxes | $111,044 | $8,633 | - | $119,677 |
| Other Expenses | $109,179 | - | - | $109,179 |
| Information Technology | $68,290 | - | - | $68,290 |
| Pension Plan Contributions | $62,340 | $4,514 | - | $66,854 |
| Depreciation Depletion | $36,770 | - | - | $36,770 |
| Insurance | $30,831 | - | - | $30,831 |
| Fees for Services Other | $22,445 | - | - | $22,445 |
| Office Expenses | - | $14,408 | - | $14,408 |
| Fees for Services Accounting | - | $14,000 | - | $14,000 |
| Conferences and Meetings | - | $11,462 | - | $11,462 |
| Occupancy | - | $7,030 | - | $7,030 |
| Total Functional Expenses | $2,210,335 | $198,935 | $0 | $2,409,270 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $2,445,282 |
| Expenses per Audited Statements | $2,409,270 |
| Total Expenses per Form 990 | $2,409,270 |
| Expenses Not Reported on Form 990 | $36,012 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The 990 is reviewed at the appropriate board meeting before being submitted to any agency.”
“The organization has measures in place to ensure compliance with the conflict of interest policy, including full board approval of any transactions that might occur between related parties. No situations have occurred during the current year that have required reference to the conflict of interest policies.”
“The governing board reviewed and approved compensation of $75,000 for the current directors position of crossnore academy. Compensation was compared to equivalent positions of similar organizations. Compensation of each person is reviewed and approved on an annual basis.”
“The governing board reviewed and approved compensation for other key employees of crossnore academy. Compensation was compared to equivalent positions of similar organizations. Compensation of each person is reviewed and approved on an annual basis.”
“All governing documents are made available upon request from any individual or granting agency.”
“ROUNDING”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 36012 |
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| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 283503 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 36012 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 2409270 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 36012 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2416819 |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 2409270 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2416819 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2452831 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 2445282 |
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| IRS990ScheduleE/DiscriminateRaceEducPlcyInd | 0 | false |
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| IRS990ScheduleE/MaintainRacialCompRecsInd | 0 | true |
| IRS990ScheduleE/MaintainScholarshipsRecsInd | 0 | true |
| IRS990ScheduleE/NondiscriminatoryPolicyStmtInd | 0 | true |
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| IRS990ScheduleE/PolicyStmtInBrochuresEtcInd | 0 | true |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 990 IS REVIEWED AT THE APPROPRIATE BOARD MEETING BEFORE BEING SUBMITTED TO ANY AGENCY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION HAS MEASURES IN PLACE TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY, INCLUDING FULL BOARD APPROVAL OF ANY TRANSACTIONS THAT MIGHT OCCUR BETWEEN RELATED PARTIES. NO SITUATIONS HAVE OCCURRED DURING THE CURRENT YEAR THAT HAVE REQUIRED REFERENCE TO THE CONFLICT OF INTEREST POLICIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNING BOARD REVIEWED AND APPROVED COMPENSATION OF $75,000 FOR THE CURRENT DIRECTORS POSITION OF CROSSNORE ACADEMY. COMPENSATION WAS COMPARED TO EQUIVALENT POSITIONS OF SIMILAR ORGANIZATIONS. COMPENSATION OF EACH PERSON IS REVIEWED AND APPROVED ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE GOVERNING BOARD REVIEWED AND APPROVED COMPENSATION FOR OTHER KEY EMPLOYEES OF CROSSNORE ACADEMY. COMPENSATION WAS COMPARED TO EQUIVALENT POSITIONS OF SIMILAR ORGANIZATIONS. COMPENSATION OF EACH PERSON IS REVIEWED AND APPROVED ON AN ANNUAL BASIS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FROM ANY INDIVIDUAL OR GRANTING AGENCY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ROUNDING |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Governing documents etc available to public Part VI line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Explanation of other changes in net assets or fund balances Part XI line 9 |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TaxableDistributionsInd | 0 | false |
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| IRS990/TaxExemptBondsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 914689 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 914689 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
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| IRS990/TotalEmployeeCnt | 0 | 36 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 198935 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 2210335 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 2409270 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 602541 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 512541 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 602541 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 512541 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 394594 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 402148 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 344058 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 103000 |
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| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 914689 |
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| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt | 0 | 600000 |
| IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt | 0 | 510000 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 148 ADAMS LANE |
| IRS990/USAddress/CityNm | 0 | BOONE |
| IRS990/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/USAddress/ZIPCd | 0 | 28607 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 6 |
| IRS990/VotingMembersIndependentCnt | 0 | 6 |
| IRS990/WebsiteAddressTxt | 0 | WWW.CROSSNORESCHOOL.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TRACI ROYSTER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRPERSON |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8287335241 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-08-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MARJORIE WILLIAMS ACADEMY INCORPORATED |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MARJ |
| ReturnHeader/Filer/EIN | 0 | 562100063 |
| ReturnHeader/Filer/InCareOfNm | 0 | % TRACI ROYSTER |
| ReturnHeader/Filer/PhoneNum | 0 | 8287335241 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 309 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CROSSNORE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28616 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 844100005 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | S GILLESPIE PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 29 BEAMS DRIVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SPRUCE PINE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28777 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8285201373 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SHARON GILLESPIE |
| ReturnHeader/ReturnTs | 0 | 2025-10-30T10:38:49-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
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