Civic Intelligence

Charlotte Secondary School Inc.

990 • Fiscal year 2020 • EIN 06-1717740

Jul 01, 2019 to Jun 30, 2020 • Filed on May 08, 2021

Organization ProfileWWW.CHARLOTTESECONDARY.ORG
8601 Mcalpine Park DriveCharlotte, NC 28211

(704) 295-0137

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

3.92x

Higher debt load relative to assets than 99% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

3.15x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

60th percentile

$88,008

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

29th percentile

-0.2%

Faster asset growth than 29% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

44th percentile

-3.0%

Faster revenue growth than 44% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$2,318,968

Down $5,622 (-0.2%) from 2019

Net Assets

Up

-$6,781,719

Up $311,694 (+4.4%) from 2019

Liabilities

Down

$9,100,687

Down $317,316 (-3.4%) from 2019

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin64th percentile

Revenue

Down

$2,886,442

Down $89,467 (-3.0%) from 2019

Expenses

Down

$2,574,748

Down $264,448 (-9.3%) from 2019

Net Income

Up

$311,694

Up $174,981 (+128%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0M-$10MAssets 2011: $658,648Liabilities 2011: $201,851Net Assets 2011: $456,7972011Assets 2012: $691,404Liabilities 2012: $137,247Net Assets 2012: $554,1572012Assets 2013: $494,183Liabilities 2013: $55,075Net Assets 2013: $439,1082013Assets 2014: $1,589,709Liabilities 2014: $1,318,028Net Assets 2014: $271,6812014Assets 2015: $1,638,065Liabilities 2015: $1,744,674Net Assets 2015: -$106,6092015Assets 2016: $1,979,357Liabilities 2016: $1,951,122Net Assets 2016: $28,2352016Assets 2017: $2,576,684Liabilities 2017: $2,899,075Net Assets 2017: -$322,3912017Assets 2018: $2,475,306Liabilities 2018: $9,705,432Net Assets 2018: -$7,230,1262018Assets 2019: $2,324,590Liabilities 2019: $9,418,003Net Assets 2019: -$7,093,4132019Assets 2020: $2,318,968Liabilities 2020: $9,100,687Net Assets 2020: -$6,781,7192020Assets 2021: $2,306,739Liabilities 2021: $7,901,432Net Assets 2021: -$5,594,6932021Assets 2022: $3,456,044Liabilities 2022: $8,442,309Net Assets 2022: -$4,986,2652022Assets 2023: $3,177,619Liabilities 2023: $7,719,643Net Assets 2023: -$4,542,0242023Assets 2024: $2,417,134Liabilities 2024: $6,477,797Net Assets 2024: -$4,060,6632024

Highlighted filing

2020

Assets$2,318,968
Liabilities$9,100,687
Net Assets-$6,781,719
Open 2020 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,852,840Expenses 2011: $1,724,852Net Income 2011: $127,9882011Revenue 2012: $1,871,152Expenses 2012: $1,773,792Net Income 2012: $97,3602012Revenue 2013: $1,885,596Expenses 2013: $2,000,645Net Income 2013: -$115,0492013Revenue 2014: $2,635,875Expenses 2014: $2,803,302Net Income 2014: -$167,4272014Revenue 2015: $3,443,758Expenses 2015: $3,426,068Net Income 2015: $17,6902015Revenue 2016: $4,036,006Expenses 2016: $3,803,537Net Income 2016: $232,4692016Revenue 2017: $3,458,657Expenses 2017: $3,809,283Net Income 2017: -$350,6262017Revenue 2018: $3,381,732Expenses 2018: $3,476,263Net Income 2018: -$94,5312018Revenue 2019: $2,975,909Expenses 2019: $2,839,196Net Income 2019: $136,7132019Revenue 2020: $2,886,442Expenses 2020: $2,574,748Net Income 2020: $311,6942020Revenue 2021: $3,149,820Expenses 2021: $1,962,794Net Income 2021: $1,187,0262021Revenue 2022: $2,826,427Expenses 2022: $3,258,724Net Income 2022: -$432,2972022Revenue 2023: $2,238,260Expenses 2023: $2,623,032Net Income 2023: -$384,7722023Revenue 2024: $2,267,408Expenses 2024: $1,786,047Net Income 2024: $481,3612024

Highlighted filing

2020

Revenue$2,886,442
Expenses$2,574,748
Net Income$311,694
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 8, 2021
Return Version
2019v5.0
Gross Receipts
$2,886,442
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$657,174$502,443▼ $154,731
Cash and Non-Interest-Bearing Accounts$310,348$498,384▲ $188,036
Savings and Temporary Cash Investments$303,660$307,623▲ $3,963
Accounts Receivable$88,421$186,613▲ $98,192
Prepaid Expenses and Deferred Charges$35,760$37,876▲ $2,116
Total Assets$2,324,590$2,318,968▼ $5,622
Other Assets Total$929,227$786,029▼ $143,198
Liabilities
Other Liabilities$8,326,491$7,742,762▼ $583,729
Mortgage Notes Payable Secured by Investment Property$1,007,304$911,267▼ $96,037
Unsecured Notes Loans Payable-$365,852-
Accounts Payable and Accrued Expenses$84,208$80,806▼ $3,402
Total Liabilities$9,418,003$9,100,687▼ $317,316
Net Assets / Fund Balance
Net Assets With Donor Restrictions$53,631$54,351▲ $720
Net Assets Without Donor Restrictions$-7,147,044$-6,836,070▲ $310,974
Total Net Assets Fund Balance$-7,093,413$-6,781,719▲ $311,694
Total Liabilities and Net Assets / Fund Balance$2,324,590$2,318,968▼ $5,622

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$416,286$1,078,042$1,494,328
Equipment$86,157$97,831$183,988
Other Assets Org$1,390--
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anthony HallFormer HeadmFT$88,008$88,008

Board Members and Trustees

NameTitle
Stewart RoweBoard Chair
Daisy TorresDirector
Dr Brenda BilalDirector
Josh WheelerDirector
Lanor DaileyDirector
Norma SantosDirector
Windy OliverDirector
Elise KosofskyEx Officio
Alison KlingSecretary
Daniel CrowTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$126,481
Program Service Revenue
$2,730,816
Investment Income
$3,964
Other Revenue
$25,181
All Other Contributions
$10,688
Change in Net Assets
$311,694

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,886,442
Total Revenue per Audited Statements
$2,886,442
Total Revenue per Form 990
$2,886,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,531,392
Other Expenses$1,043,356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$896,717$215,190-$1,111,907
Occupancy$321,531$107,177-$428,708
Fees for Services Other$120,749$49,796-$170,545
Other Employee Benefits$126,166$42,056-$168,222
Depreciation Depletion$116,048$38,683-$154,731
Payroll Taxes$82,445$26,379-$108,824
Current Officers, Directors, Trustees, and Key Employees-$83,408-$83,408
Interest$61,742$20,581-$82,323
Pension Plan Contributions$44,273$14,758-$59,031
Office Expenses$32,629$8,210-$40,839
Information Technology$34,574$1,526-$36,100
Advertising-$21,569-$21,569
Insurance-$19,553-$19,553
Conferences and Meetings$9,079--$9,079
Other Expenses$13,816$8,831-$8,831
Fees for Services Accounting-$8,206-$8,206
All Other Expenses$5,399$1,285-$6,684
Fees for Services Legal-$4,079-$4,079
Travel-$2,382-$2,382
Total Functional Expenses$1,901,079$673,669$0$2,574,748

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,574,748
Total Expenses per Audited Statements$2,574,748
Total Expenses per Form 990$2,574,748
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,283
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Opeb Deferal$3,196,327
Net Opeb Liability$3,181,892
Net Pension Liability$1,119,631
Pension Deferrals$244,912
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“990 is reviewed by board treasurer and finance director.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors reviews the policy annually. Issues are addressed at monthly board meetings.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves compensation for the top management official. Factors that are taken into consideration include experience and market comparables.”

Form 990, Page 6, Part VI, Line 15B

“No board members are compensated. All key employee salaries are approved by the board of directors and are based on comparability data.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents and financial statements are available for viewing at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Charlotte Secondary School Inc
EIN
06-1717740
Phone
7042950137
Address
8601 MCALPINE PARK DRIVE, CHARLOTTE, NC 28211

Signing Officer

Name
Donna Garrison
Title
Finance/hr Director
Phone
7042950137
Signed
2021-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stewart Rowe
Formed
2004
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
40
Volunteers
9

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0107177
IRS990/OccupancyGrp/ProgramServicesAmt0321531
IRS990/OccupancyGrp/TotalAmt0428708
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08210
IRS990/OfficeExpensesGrp/ProgramServicesAmt032629
IRS990/OfficeExpensesGrp/TotalAmt040839
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0929227
IRS990/OtherAssetsTotalGrp/EOYAmt0786029
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042056
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0126166
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0168222
IRS990/OtherExpensesGrp/Desc0FIELD TRIPS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD PURCHASE
IRS990/OtherExpensesGrp/Desc3SALES & USE TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08831
IRS990/OtherExpensesGrp/ProgramServicesAmt020485
IRS990/OtherExpensesGrp/ProgramServicesAmt115426
IRS990/OtherExpensesGrp/ProgramServicesAmt213816
IRS990/OtherExpensesGrp/TotalAmt020485
IRS990/OtherExpensesGrp/TotalAmt115426
IRS990/OtherExpensesGrp/TotalAmt213816
IRS990/OtherExpensesGrp/TotalAmt38831
IRS990/OtherLiabilitiesGrp/BOYAmt08326491
IRS990/OtherLiabilitiesGrp/EOYAmt07742762
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt015067
IRS990/OtherRevenueMiscGrp/ExclusionAmt18831
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015067
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18831
IRS990/OtherRevenueTotalAmt023898
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0215190
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0896717
IRS990/OtherSalariesAndWagesGrp/TotalAmt01111907
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026379
IRS990/PayrollTaxesGrp/ProgramServicesAmt082445
IRS990/PayrollTaxesGrp/TotalAmt0108824
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014758
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt044273
IRS990/PensionPlanContributionsGrp/TotalAmt059031
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt035760
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt037876
IRS990/PrincipalOfficerNm0STEWART ROWE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1TOTAL COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4BEFORE AND AFTER CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01863820
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1819006
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt224724
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt316164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt47102
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01863820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1819006
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt224724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt47102
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0169831
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03654
IRS990/PYOtherExpensesAmt01128589
IRS990/PYOtherRevenueAmt033119
IRS990/PYProgramServiceRevenueAmt02769305
IRS990/PYRevenuesLessExpensesAmt0136713
IRS990/PYSalariesCompEmpBnftPaidAmt01710607
IRS990/PYTotalExpensesAmt02839196
IRS990/PYTotalRevenueAmt02975909
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0311694
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02730816
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0303660
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0307623
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt086157
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097831
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0183988
IRS990ScheduleD/ExpensesSubtotalAmt02574748
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0416286
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01078042
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01494328
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0495130
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1180323
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt289953
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt315000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt44233
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt51390
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION & OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1C/Y CONTRIBUTIONS TO PENSION PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2C/Y CONTRIBUTIONS TO OPEB PLAN
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPEB ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5C/Y CONTRIBUTIONS TO DIPNC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03196327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13181892
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21119631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3244912
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPEB DEFERAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt02886442
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0502443
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0786029
IRS990ScheduleD/TotalExpensesPerForm990Amt02574748
IRS990ScheduleD/TotalLiabilityAmt07742762
IRS990ScheduleD/TotalRevenuePerForm990Amt02886442
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02886442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02574748
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0CHARLOTTE SECONDARY SCHOOL OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION. THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt16A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS REVIEWED BY BOARD TREASURER AND FINANCE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY. ISSUES ARE ADDRESSED AT MONTHLY BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. FACTORS THAT ARE TAKEN INTO CONSIDERATION INCLUDE EXPERIENCE AND MARKET COMPARABLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO BOARD MEMBERS ARE COMPENSATED. ALL KEY EMPLOYEE SALARIES ARE APPROVED BY THE BOARD OF DIRECTORS AND ARE BASED ON COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,318,968
Liabilities
$9,100,687
Net assets
-$6,781,719
Revenue
$2,886,442
Expenses
$2,574,748
Net income
$311,694
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.42$6.48$4.06$2.27$1.79$0.48
2023Detailed filing. Detailed filing data is available for this year.$3.18$7.72$4.54$2.24$2.62$0.38
2022Detailed filing. Detailed filing data is available for this year.$3.46$8.44$4.99$2.83$3.26$0.43
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$7.90$5.59$3.15$1.96$1.19
2020Detailed filing. Detailed filing data is available for this year.$2.32$9.10$6.78$2.89$2.57$0.31
2019Summary only. Only limited summary data is available for this year.$2.32$9.42$7.09$2.98$2.84$0.14
2018Summary only. Only limited summary data is available for this year.$2.48$9.71$7.23$3.38$3.48$0.09
2017Summary only. Only limited summary data is available for this year.$2.58$2.90$0.32$3.46$3.81$0.35
2016Summary only. Only limited summary data is available for this year.$1.98$1.95$0.03$4.04$3.80$0.23
2015Summary only. Only limited summary data is available for this year.$1.64$1.74$0.11$3.44$3.43$0.02
2014Summary only. Only limited summary data is available for this year.$1.59$1.32$0.27$2.64$2.80$0.17
2013Summary only. Only limited summary data is available for this year.$0.49$0.06$0.44$1.89$2.00$0.12
2012Summary only. Only limited summary data is available for this year.$0.69$0.14$0.55$1.87$1.77$0.10
2011Summary only. Only limited summary data is available for this year.$0.66$0.20$0.46$1.85$1.72$0.13