Nonprofit · EIN 56-2257244
MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY
Tax-exempt · BRYSON CITY, NC 28713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,862,968 | $3,159,070 | -$296,102 | $2,835,655 | $4,058,716 | -$1,223,061 |
| June 30, 2024 | 990 | $2,552,795 | $2,751,238 | -$198,443 | $2,546,985 | $3,473,944 | -$926,959 |
| June 30, 2023 | 990 | $2,326,451 | $2,095,265 | $231,186 | $2,250,016 | $2,978,532 | -$728,516 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $198,534
- of which government grants
- $191,119
- Program service revenue
- $2,664,434
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,607,597
- Salaries, compensation and benefits (total)
- $2,493,852
- Professional fundraising fees
- $0
- Legal fees
- $1,289
- Accounting fees
- $8,038
- Occupancy
- $174,610
- Depreciation
- $91,726
- Program services (functional)
- $2,623,120
- Management and general (functional)
- $535,950
Balance sheet and other
- Total assets, start of year
- $2,546,985
- Total assets, end of year
- $2,835,655
- Total liabilities, end of year
- $4,058,716
- Net assets, end of year
- -$1,223,061
- Land, buildings and equipment
- $813,052
- Net assets without donor restrictions
- -$1,223,061
- Gross receipts
- $2,862,968
- Employees
- 61
- Year formed
- 2001
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tracy Wharton | Co-Director Trustee or director, Key employee | 1 | $72,210 |
| Crim Bassett | Co-Director Trustee or director, Key employee | 1 | $68,922 |
| Billie Clemens | Co-Director Trustee or director, Key employee | 1 | $63,730 |
| Carter Petty | CFO Trustee or director, Key employee | 1 | $20,450 |
| Jen Pearson | Chair Trustee or director, Officer | 2 | $0 |
| Dr Dan Mackey | Board Member Trustee or director | 0.5 | $0 |
| Timothy Black | Board Member Trustee or director | 0.5 | $0 |
| Dr Alison Joseph | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jen Pearson | Chair Trustee or director, Officer | 2 | $0 |
| Dr Dan Mackey | Board Member Trustee or director | 0.5 | $0 |
| Gaby Lachney | Board Member Trustee or director | 0.5 | $0 |
| Christopher Wilcox | Secretary Trustee or director, Officer | 0.5 | $0 |
| Billie Clemens | Co-Director Trustee or director, Key employee | 1 | $0 |
| Tracy Wharton | Co-Director Trustee or director, Key employee | 1 | $0 |
| Carter Petty | CFO Trustee or director, Key employee | 1 | $0 |
| Crim Bassett | Co-Director Trustee or director, Key employee | 1 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jen Pearson | Chair Trustee or director, Officer | 2 | $0 |
| Dr Dan Mackey | Board Member Trustee or director | 0.5 | $0 |
| Gaby Lachney | Board Member Trustee or director | 0.5 | $0 |
| Christopher Wilcox | Secretary Trustee or director, Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 890 JENKINS BRANCH RD N, BRYSON CITY, NC 28713-4514
- In care of
- % CARTER S PETTY
- Principal officer (990 for 2024)
- Tracy Wharton, 890 Jenkins Branch Road, Bryson City, NC 28713
- Signed the 990
- Tracy Wharton, Principal
- Phone
- (828) 488-1222
- Website
- www.mountaindiscovery.org
- Return prepared by
- Rebekah Barr CPA PC
Mission
Operation of a public charter school.
Program accomplishments
- Operated as a charter school in Bryson City, NC serving approximately 189 students for the fiscal year ended June 30, 2025.Expenses $2,623,120
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2257244
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $2,835,655
- Income (IRS master file)
- $2,862,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,862,968 | $3,159,070 | $2,835,655 | XML |
| 990 | June 2024 | $2,552,795 | $2,751,238 | $2,546,985 | XML |
| 990 | June 2023 | $2,326,451 | $2,095,265 | $2,250,016 | XML |
| 990 | June 2022 | $2,235,088 | $2,014,715 | $1,991,826 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2257244).
Questions about MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY
- What is the EIN of MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY?
- The employer identification number (EIN) of MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY is 56-2257244.
- Is MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY?
- The 990 for the year ended June 30, 2025 names Tracy Wharton.
- Who are the officers and directors of MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY?
- The 990 for the year ended June 30, 2025 lists 8 people; 4 received compensation from the organization, the highest $72,210 (Tracy Wharton, Co-Director).
- How much revenue does MOUNTAIN DISCOVERY CHARTER SCHOOL OF SWAIN COUNTY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,862,968, expenses of $3,159,070 and total assets of $2,835,655 at year end.
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