Charlotte Latin School
Legal name: Charlotte Latin Schools
Nonprofit profile at a glance
- EIN
- 560944449
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, US
- Phone
- 704-846-1100
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
Reported finances
- Revenue
- $64,437,871
- Expenses
- $56,664,705
- Assets
- $172,890,949
- Liabilities
- $56,240,085
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Highest reported compensation
- CHARLES D BALDECCHI (HEAD OF SCHOOL): $1,001,463 total reported compensation
- ROBERT MCARTHUR (CFO AND COO): $307,833 total reported compensation
- SONJA TAYLOR (ASSOC. HEAD OF SCHOOL): $301,049 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Charlotte Latin School is governed by a Board of Trustees, composed of volunteers, drawn from the School's constituent groups, who determine the policies that govern the School. The Board is the guardian of the School’s mission, oversees the School’s strategic planning process, and has fiduciary responsibility for the annual budget.
What it reported doing in 2024
Cls provided food and transportation services as well as arts, athletics, and other special programs, such as day care, extended day care, summer camps, clinics, and educational resources to students in grades transitional kindergarten through 12th grade.
Operating model
- Revenue model
- Other-operating. 77% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 95
- Accountability: 95
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.1%; rating input score 71
- Program expense ratio: 82.6%; rating input score 83
- Fundraising efficiency: $5.21 raised per $1 spent on fundraising; rating input score 22; 22nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.1%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 3.05; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 49th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 71.1% of revenue deployed · 82.6% of spending went to programs
- Governance: 21 of 21 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $46.8M in reported program spending
- Leadership: top reported pay $1M · 28 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.4M reported
- Consistency: 35 of 35 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 22/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 21/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.