Civic Intelligence

Pine Lake Preparatory Inc.

990 • Fiscal year 2016 • EIN 06-1796895

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

Organization Profilewww.pinelakeprep.org
PO Box 5185Mooresville, NC 28117

(704) 234-5310

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

2.47x

Higher debt load relative to revenue than 84% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Net Margin

13th percentile

-11%

Higher net margin than 13% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

25th percentile

$153,572

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2016 filings • NTEE B • $25M-$50M nonprofits • Source year 2016

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

60th percentile

6.1%

Faster revenue growth than 60% of similar nonprofits.

2016 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$40,370,392

Up $12,098,391 (+43%) from 2015

Net Assets

Down

$3,693,084

Down $1,706,050 (-32%) from 2015

Liabilities

Up

$36,677,308

Up $13,804,441 (+60%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin13th percentile

Revenue

Up

$14,848,782

Up $847,159 (+6.1%) from 2015

Expenses

Up

$16,554,832

Up $3,883,431 (+31%) from 2015

Net Income

Down

-$1,706,050

Down $3,036,272 (-228%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$100M$50M$0-$50MAssets 2011: $22,227,124Liabilities 2011: $20,190,793Net Assets 2011: $2,036,3312011Assets 2012: $22,483,492Liabilities 2012: $19,074,657Net Assets 2012: $3,408,8352012Assets 2013: $24,808,127Liabilities 2013: $19,468,809Net Assets 2013: $5,339,3182013Assets 2014: $25,816,792Liabilities 2014: $19,306,324Net Assets 2014: $6,510,4682014Assets 2015: $28,272,001Liabilities 2015: $22,872,867Net Assets 2015: $5,399,1342015Assets 2016: $40,370,392Liabilities 2016: $36,677,308Net Assets 2016: $3,693,0842016Assets 2017: $42,546,508Liabilities 2017: $39,476,443Net Assets 2017: $3,070,0652017Assets 2018: $43,855,341Liabilities 2018: $63,826,076Net Assets 2018: -$19,970,7352018Assets 2019: $43,934,849Liabilities 2019: $63,384,842Net Assets 2019: -$19,449,9932019Assets 2020: $44,914,442Liabilities 2020: $64,773,123Net Assets 2020: -$19,858,6812020Assets 2021: $43,880,592Liabilities 2021: $63,720,069Net Assets 2021: -$19,839,4772021Assets 2022: $43,324,550Liabilities 2022: $60,174,354Net Assets 2022: -$16,849,8042022Assets 2023: $45,589,620Liabilities 2023: $60,705,653Net Assets 2023: -$15,116,0332023Assets 2024: $46,052,591Liabilities 2024: $60,769,675Net Assets 2024: -$14,717,0842024

Highlighted filing

2016

Assets$40,370,392
Liabilities$36,677,308
Net Assets$3,693,084
Open 2016 Filing

Operations Trend

Revenue Growth60th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $11,189,786Expenses 2011: $9,806,243Net Income 2011: $1,383,5432011Revenue 2012: $11,833,779Expenses 2012: $10,461,275Net Income 2012: $1,372,5042012Revenue 2013: $12,846,916Expenses 2013: $10,751,754Net Income 2013: $2,095,1622013Revenue 2014: $12,705,060Expenses 2014: $11,533,910Net Income 2014: $1,171,1502014Revenue 2015: $14,001,623Expenses 2015: $12,671,401Net Income 2015: $1,330,2222015Revenue 2016: $14,848,782Expenses 2016: $16,554,832Net Income 2016: -$1,706,0502016Revenue 2017: $16,057,906Expenses 2017: $16,680,925Net Income 2017: -$623,0192017Revenue 2018: $17,020,206Expenses 2018: $18,228,974Net Income 2018: -$1,208,7682018Revenue 2019: $17,966,146Expenses 2019: $17,445,404Net Income 2019: $520,7422019Revenue 2020: $17,860,192Expenses 2020: $18,268,880Net Income 2020: -$408,6882020Revenue 2021: $18,139,159Expenses 2021: $18,119,955Net Income 2021: $19,2042021Revenue 2022: $21,899,854Expenses 2022: $18,910,181Net Income 2022: $2,989,6732022Revenue 2023: $21,714,348Expenses 2023: $19,980,577Net Income 2023: $1,733,7712023Revenue 2024: $22,250,779Expenses 2024: $21,851,830Net Income 2024: $398,9492024

Highlighted filing

2016

Revenue$14,848,782
Expenses$16,554,832
Net Income-$1,706,050
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$14,848,782
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$24,936,993$34,693,211▲ $9,756,218
Cash and Non-Interest-Bearing Accounts$2,254,921$2,743,836▲ $488,915
Savings and Temporary Cash Investments-$2,298,138-
Prepaid Expenses and Deferred Charges$13,002$29,471▲ $16,469
Accounts Receivable$90,227$6,093▼ $84,134
Total Assets$28,272,001$40,370,392▲ $12,098,391
Other Assets Total$976,858$599,643▼ $377,215
Liabilities
Tax Exempt Bond Liabilities$14,946,031$33,020,000▲ $18,073,969
Other Liabilities$3,512,472$3,006,715▼ $505,757
Mortgage Notes Payable Secured by Investment Property$4,332,749$632,684▼ $3,700,065
Accounts Payable and Accrued Expenses$81,615$17,909▼ $63,706
Total Liabilities$22,872,867$36,677,308▲ $13,804,441
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$2,298,138-
Unrestricted Net Assets$5,399,134$1,394,946▼ $4,004,188
Total Net Assets Fund Balance$5,399,134$3,693,084▼ $1,706,050
Total Liabilities and Net Assets / Fund Balance$28,272,001$40,370,392▲ $12,098,391

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,820,692$5,109,962$34,930,654
Equipment$1,533,873$2,356,621$3,890,494
Land$3,338,646-$3,338,646
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris TerrillSuperintendentFT$153,572$153,572

Board Members and Trustees

NameTitle
Kurt WoolleyBoard Chair
Sarah PhillipsVice Chair
Bill FarnsworthBoard Member
Eric StachowskiBoard Member
Mark FoleyBoard Member
Pamela Frost-ShirleyBoard Member
Sara ThomasBoard Member
Nancy KuechlerSecretary
Aaron PetroskyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
CSI Leasing IncComputer lease9990 Old Olive Street Road, St Louis, MO 63141$329,155
-International Faculty - Spanish Immersion201 Sage Road, Chapel Hill, NC 28514$129,000
Revenue and Support

Revenue Composition

Contributions and Grants
$880,427
Program Service Revenue
$13,968,355
Investment Income
$0
Other Revenue
$0
All Other Contributions
$611,402
Change in Net Assets
$-1,706,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,848,782
Total Revenue per Audited Statements
$14,848,782
Total Revenue per Form 990
$14,848,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,594,543
Other Expenses$7,960,289
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,485,425$370,333-$6,855,758
Interest-$3,435,137-$3,435,137
Depreciation Depletion$1,179,960$294,990-$1,474,950
Other Employee Benefits$589,710$28,674-$618,384
Pension Plan Contributions$548,170$42,118-$590,288
Payroll Taxes$500,405$29,708-$530,113
Occupancy$169,351$56,450-$225,801
Other Expenses$388,448$182,830-$182,830
Conferences and Meetings$103,165--$103,165
Insurance-$52,378-$52,378
Fees for Services Legal-$45,746-$45,746
Fees for Services Accounting-$9,050-$9,050
Advertising-$3,646-$3,646
Total Functional Expenses$11,422,535$5,132,297$0$16,554,832

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,554,832
Total Expenses per Audited Statements$16,554,832
Total Expenses per Form 990$16,554,832
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Derivative instrument - Interest Rate Swap$2,015,803
Federal income taxes$543,320
Compensated Absences$447,592
Deferred inflows of resources-
Net Pension Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board treasurer reviews 990 and reports to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section B, Line 15B

“Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.”

Filing and Contact Details

Filer

Filer Name
Pine Lake Preparatory
EIN
06-1796895
Phone
7042345310
Address
PO Box 5185, Mooresville, NC 28117

Signing Officer

Name
Chris Terrill
Title
Superintendent
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Adams
Formed
2006
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
260
Volunteers
500

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
Raw XML AppendixShowing 400 of 457 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt081615
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017909
IRS990/AccountsReceivableGrp/BOYAmt090227
IRS990/AccountsReceivableGrp/EOYAmt06093
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03646
IRS990/AdvertisingGrp/TotalAmt03646
IRS990/AllOtherContributionsAmt0611402
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Sherri Fletcher
IRS990/BooksInCareOfDetail/PhoneNum07042375300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0104 Yellow Wood Circle
IRS990/BooksInCareOfDetail/USAddress/CityNm0Mooresville
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028115
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02254921
IRS990/CashNonInterestBearingGrp/EOYAmt02743836
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0103165
IRS990/ConferencesMeetingsGrp/TotalAmt0103165
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0329155
IRS990/ContractorCompensationGrp/CompensationAmt1129000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt09990 Old Olive Street Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1201 Sage Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0St Louis
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Chapel Hill
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd063141
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd128514
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0CSI Leasing Inc
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0VIF International Education
IRS990/ContractorCompensationGrp/ServicesDesc0Computer lease
IRS990/ContractorCompensationGrp/ServicesDesc1International Faculty - Spanish Immersion
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0880427
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt07960289
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt013968355
IRS990/CYRevenuesLessExpensesAmt0-1706050
IRS990/CYSalariesCompEmpBnftPaidAmt08594543
IRS990/CYTotalExpensesAmt016554832
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt014848782
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0294990
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01179960
IRS990/DepreciationDepletionGrp/TotalAmt01474950
IRS990/Desc0Operation of a charter school in Mooresville, North Carolina, serving approximately 1,690 students in grades kindergarten through 12th grade for the fiscal year ended June 30, 2016.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0260
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt011422535
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09050
IRS990/FeesForServicesAccountingGrp/TotalAmt09050
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt045746
IRS990/FeesForServicesLegalGrp/TotalAmt045746
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8000.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9040.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Mark Foley
IRS990/Form990PartVIISectionAGrp/PersonNm1Sara Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm2Pamela Frost-Shirley
IRS990/Form990PartVIISectionAGrp/PersonNm3Bill Farnsworth
IRS990/Form990PartVIISectionAGrp/PersonNm4Eric Stachowski
IRS990/Form990PartVIISectionAGrp/PersonNm5Aaron Petrosky
IRS990/Form990PartVIISectionAGrp/PersonNm6Kurt Woolley
IRS990/Form990PartVIISectionAGrp/PersonNm7Sarah Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm8Nancy Kuechler
IRS990/Form990PartVIISectionAGrp/PersonNm9Chris Terrill
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9153572
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Superintendent
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0269025
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt014848782
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt052378
IRS990/InsuranceGrp/TotalAmt052378
IRS990/InterestGrp/ManagementAndGeneralAmt03435137
IRS990/InterestGrp/TotalAmt03435137
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt028
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07466583
IRS990/LandBldgEquipBasisNetGrp/BOYAmt024936993
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034693211
IRS990/LandBldgEquipCostOrOtherBssAmt042159794
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation of a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04332749
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0632684
IRS990/NetAssetsOrFundBalancesBOYAmt05399134
IRS990/NetAssetsOrFundBalancesEOYAmt03693084
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt056450
IRS990/OccupancyGrp/ProgramServicesAmt0169351
IRS990/OccupancyGrp/TotalAmt0225801
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0976858
IRS990/OtherAssetsTotalGrp/EOYAmt0599643
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028674
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0589710
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0618384
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Food and After School
IRS990/OtherExpensesGrp/Desc2Contracted Student Services
IRS990/OtherExpensesGrp/Desc3Repairs/Maint - Building and Buses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0184880
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1396357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2182830
IRS990/OtherExpensesGrp/ProgramServicesAmt01111520
IRS990/OtherExpensesGrp/ProgramServicesAmt1346381
IRS990/OtherExpensesGrp/ProgramServicesAmt2388448
IRS990/OtherExpensesGrp/TotalAmt01296400
IRS990/OtherExpensesGrp/TotalAmt1346381
IRS990/OtherExpensesGrp/TotalAmt2784805
IRS990/OtherExpensesGrp/TotalAmt3182830
IRS990/OtherLiabilitiesGrp/BOYAmt03512472
IRS990/OtherLiabilitiesGrp/EOYAmt03006715
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0370333
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06485425
IRS990/OtherSalariesAndWagesGrp/TotalAmt06855758
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029708
IRS990/PayrollTaxesGrp/ProgramServicesAmt0500405
IRS990/PayrollTaxesGrp/TotalAmt0530113
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt042118
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0548170
IRS990/PensionPlanContributionsGrp/TotalAmt0590288
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013002
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029471
IRS990/PrincipalOfficerNm0Michelle Adams
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State Funding
IRS990/ProgramServiceRevenueGrp/Desc1Local Education Agencies
IRS990/ProgramServiceRevenueGrp/Desc2Program Activities
IRS990/ProgramServiceRevenueGrp/Desc3Lunch Sales
IRS990/ProgramServiceRevenueGrp/Desc4Before/After School
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt08921654
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13485797
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21120688
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3185058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4255158
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0726444
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04649591
IRS990/PYProgramServiceRevenueAmt013275179
IRS990/PYRevenuesLessExpensesAmt01330222
IRS990/PYSalariesCompEmpBnftPaidAmt08021810
IRS990/PYTotalExpensesAmt012671401
IRS990/PYTotalRevenueAmt014001623
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1706050
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02298138
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
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/BuildingsGrp/BookValueAmt029820692
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05109962
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt034930654
IRS990ScheduleD/EquipmentGrp/BookValueAmt01533873
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02356621
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03890494
IRS990ScheduleD/ExpensesSubtotalAmt016554832
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03338646
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03338646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0543320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1447592
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22015803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Derivative instrument - Interest Rate Swap
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred inflows of resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Net Pension Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt014848782
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034693211
IRS990ScheduleD/TotalExpensesPerForm990Amt016554832
IRS990ScheduleD/TotalLiabilityAmt03006715
IRS990ScheduleD/TotalRevenuePerForm990Amt014848782
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014848782
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016554832
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/ExplanationTxt0North Carolina charter schools are funded by the State and Local Governments. The School also received various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt014946031
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt033020000
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02298138
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028272001
IRS990/TotalAssetsEOYAmt040370392
IRS990/TotalAssetsGrp/BOYAmt028272001
IRS990/TotalAssetsGrp/EOYAmt040370392
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0880427
IRS990/TotalEmployeeCnt0260
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05132297

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,370,392
Liabilities
$36,677,308
Net assets
$3,693,084
Revenue
$14,848,782
Expenses
$16,554,832
Net income
-$1,706,050
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.1$60.8$14.7$22.3$21.9$0.40
2023Detailed filing. Detailed filing data is available for this year.$45.6$60.7$15.1$21.7$20.0$1.73
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.3$60.2$16.8$21.9$18.9$2.99
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.9$63.7$19.8$18.1$18.1$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.9$64.8$19.9$17.9$18.3$0.41
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.9$63.4$19.4$18.0$17.4$0.52
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.9$63.8$20.0$17.0$18.2$1.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.5$39.5$3.07$16.1$16.7$0.62
2016Detailed filing. Detailed filing data is available for this year.$40.4$36.7$3.69$14.8$16.6$1.71
2015Detailed filing. Detailed filing data is available for this year.$28.3$22.9$5.40$14.0$12.7$1.33
2014Detailed filing. Detailed filing data is available for this year.$25.8$19.3$6.51$12.7$11.5$1.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.8$19.5$5.34$12.8$10.8$2.10
2012Summary only. Only limited summary data is available for this year.$22.5$19.1$3.41$11.8$10.5$1.37
2011Summary only. Only limited summary data is available for this year.$22.2$20.2$2.04$11.2$9.81$1.38
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits