Civic Intelligence

Pine Lake Preparatory Inc.

990 • Fiscal year 2021 • EIN 06-1796895

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 15, 2021

Organization Profilewww.pinelakeprep.org
104 Yellow Wood CircleMooresville, NC 28115-6100

(704) 234-5310

Siviq Scores

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

Liabilities / Assets

99th percentile

1.45x

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

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

3.51x

Higher debt load relative to revenue than 88% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Net Margin

24th percentile

0.1%

Higher net margin than 24% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

24th percentile

$130,000

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2021 filings • NTEE B • $25M-$50M nonprofits • Source year 2021

Asset Growth

17th percentile

-2.3%

Faster asset growth than 17% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

1.6%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$43,880,592

Down $1,033,850 (-2.3%) from 2020

Net Assets

Up

-$19,839,477

Up $19,204 (+0.1%) from 2020

Liabilities

Down

$63,720,069

Down $1,053,054 (-1.6%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin24th percentile

Revenue

Up

$18,139,159

Up $278,967 (+1.6%) from 2020

Expenses

Down

$18,119,955

Down $148,925 (-0.8%) from 2020

Net Income

Up

$19,204

Up $427,892 (+105%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2021

Assets$43,880,592
Liabilities$63,720,069
Net Assets-$19,839,477
Open 2021 Filing

Operations Trend

Revenue Growth30th 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

2021

Revenue$18,139,159
Expenses$18,119,955
Net Income$19,204
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$18,139,159
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,886,551$30,039,441▼ $1,847,110
Cash and Non-Interest-Bearing Accounts$5,338,342$6,120,633▲ $782,291
Savings and Temporary Cash Investments$2,473,311$2,566,930▲ $93,619
Accounts Receivable$121,706$42,014▼ $79,692
Prepaid Expenses and Deferred Charges$20,448$8,357▼ $12,091
Total Assets$44,914,442$43,880,592▼ $1,033,850
Other Assets Total$5,074,084$5,103,217▲ $29,133
Liabilities
Other Liabilities$31,750,307$31,554,253▼ $196,054
Tax Exempt Bond Liabilities$30,980,000$30,310,000▼ $670,000
Mortgage Notes Payable Secured by Investment Property$1,902,730$1,697,000▼ $205,730
Accounts Payable and Accrued Expenses$140,086$158,816▲ $18,730
Total Liabilities$64,773,123$63,720,069▼ $1,053,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,858,681$-19,839,477▲ $19,204
Total Net Assets Fund Balance$-19,858,681$-19,839,477▲ $19,204
Total Liabilities and Net Assets / Fund Balance$44,914,442$43,880,592▼ $1,033,850

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,881,302$11,174,077$36,055,379
Equipment$1,819,493$3,431,975$5,251,468
Land$3,338,646-$3,338,646
Other Assets Org$5,077,085--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew MoceriAdministratorFT$130,000$130,000
Shelly SimsPrincipalFT$101,148$101,148
Tim HoffmanPrincipalFT$100,578$100,578

Board Members and Trustees

NameTitle
Jason YanniChairperson
Emily FowlerVice Chair
Caroline MonesBoard Member
Eduardo HaynesBoard Member
Jeremy ShookBoard Member
Jessica BronzertBoard Member
Lauren MillovitschBoard Member
Katie DavidsonSecretary
Bill AullTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Skyline Services USAJanitoral Service10612 Providence Road, Charlotte, NC 28277$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$982,219
Program Service Revenue
$17,156,940
Investment Income
$0
Other Revenue
$0
All Other Contributions
$596,073
Change in Net Assets
$19,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,139,159
Total Revenue per Audited Statements
$18,139,159
Total Revenue per Form 990
$18,139,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,163,896
Other Expenses$4,956,059
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,665,872$721,835-$9,387,707
Pension Plan Contributions$2,109,204$125,387-$2,234,591
Depreciation Depletion$1,390,543$347,636-$1,738,179
Interest-$1,647,153-$1,647,153
Other Employee Benefits$800,385$68,270-$868,655
Payroll Taxes$616,684$56,259-$672,943
Occupancy$209,232$52,308-$261,540
Insurance-$66,427-$66,427
Fees for Services Legal-$38,028-$38,028
Travel$859$13,596-$14,455
Fees for Services Accounting-$9,500-$9,500
Other Expenses$-570,489$54,599-$-570,489
Total Functional Expenses$14,442,741$3,677,214$0$18,119,955

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,119,955
Total Expenses per Audited Statements$18,119,955
Total Expenses per Form 990$18,119,955
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
Net Pension Liability$14,983,515
Compensated Absences$8,196,013
Deferred inflows of resources$7,250,406
Federal income taxes$1,124,319
Net OPEB 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 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, 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
104 Yellow Wood Circle, Mooresville, NC 28115-6100

Signing Officer

Name
Jason Yanni
Title
Board Chair
Phone
7042345310
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Yanni
Formed
2006
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
264

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
Raw XML AppendixShowing 400 of 467 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/BOYAmt0140086
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0158816
IRS990/AccountsReceivableGrp/BOYAmt0121706
IRS990/AccountsReceivableGrp/EOYAmt042014
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt0596073
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05338342
IRS990/CashNonInterestBearingGrp/EOYAmt06120633
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0110000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt010612 Providence Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Charlotte
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd028277
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Skyline Services USA
IRS990/ContractorCompensationGrp/ServicesDesc0Janitoral Service
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0982219
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04956059
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt017156940
IRS990/CYRevenuesLessExpensesAmt019204
IRS990/CYSalariesCompEmpBnftPaidAmt013163896
IRS990/CYTotalExpensesAmt018119955
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt018139159
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0347636
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01390543
IRS990/DepreciationDepletionGrp/TotalAmt01738179
IRS990/Desc0Operation of a charter school in Mooresville, North Carolina, serving approximately 1,847 students for the fiscal year ended June 30, 2021.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0264
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt014442741
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09500
IRS990/FeesForServicesAccountingGrp/TotalAmt09500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt038028
IRS990/FeesForServicesLegalGrp/TotalAmt038028
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/AverageHoursPerWeekRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11002.00
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/KeyEmployeeInd2X
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/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0Andrew Moceri
IRS990/Form990PartVIISectionAGrp/PersonNm1Shelly Sims
IRS990/Form990PartVIISectionAGrp/PersonNm2Tim Hoffman
IRS990/Form990PartVIISectionAGrp/PersonNm3Jason Yanni
IRS990/Form990PartVIISectionAGrp/PersonNm4Emily Fowler
IRS990/Form990PartVIISectionAGrp/PersonNm5Bill Aull
IRS990/Form990PartVIISectionAGrp/PersonNm6Katie Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm7Jessica Bronzert
IRS990/Form990PartVIISectionAGrp/PersonNm8Eduardo Haynes
IRS990/Form990PartVIISectionAGrp/PersonNm9Lauren Millovitsch
IRS990/Form990PartVIISectionAGrp/PersonNm10Jeremy Shook
IRS990/Form990PartVIISectionAGrp/PersonNm11Caroline Mones
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0130000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1101148
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2100578
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0Administrator
IRS990/Form990PartVIISectionAGrp/TitleTxt1Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt2Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0386146
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt018139159
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt066427
IRS990/InsuranceGrp/TotalAmt066427
IRS990/InterestGrp/ManagementAndGeneralAmt01647153
IRS990/InterestGrp/TotalAmt01647153
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014606052
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031886551
IRS990/LandBldgEquipBasisNetGrp/EOYAmt030039441
IRS990/LandBldgEquipCostOrOtherBssAmt044645493
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/BOYAmt01902730
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01697000
IRS990/NetAssetsOrFundBalancesBOYAmt0-19858681
IRS990/NetAssetsOrFundBalancesEOYAmt0-19839477
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-19858681
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-19839477
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt052308
IRS990/OccupancyGrp/ProgramServicesAmt0209232
IRS990/OccupancyGrp/TotalAmt0261540
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05074084
IRS990/OtherAssetsTotalGrp/EOYAmt05103217
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068270
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0800385
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0868655
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Contracted Student Services
IRS990/OtherExpensesGrp/Desc2Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc3Pension/OPEB ajes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0126496
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1349720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt254599
IRS990/OtherExpensesGrp/ProgramServicesAmt0826113
IRS990/OtherExpensesGrp/ProgramServicesAmt1394338
IRS990/OtherExpensesGrp/ProgramServicesAmt2-570489
IRS990/OtherExpensesGrp/TotalAmt0952609
IRS990/OtherExpensesGrp/TotalAmt1744058
IRS990/OtherExpensesGrp/TotalAmt254599
IRS990/OtherExpensesGrp/TotalAmt3-570489
IRS990/OtherLiabilitiesGrp/BOYAmt031750307
IRS990/OtherLiabilitiesGrp/EOYAmt031554253
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0721835
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08665872
IRS990/OtherSalariesAndWagesGrp/TotalAmt09387707
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt056259
IRS990/PayrollTaxesGrp/ProgramServicesAmt0616684
IRS990/PayrollTaxesGrp/TotalAmt0672943
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0125387
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02109204
IRS990/PensionPlanContributionsGrp/TotalAmt02234591
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020448
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08357
IRS990/PrincipalOfficerNm0Jason Yanni
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/TotalRevenueColumnAmt011560836
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14676966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2596576
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt365367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4528
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0900395
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt05846555
IRS990/PYProgramServiceRevenueAmt016959797
IRS990/PYRevenuesLessExpensesAmt0-408688
IRS990/PYSalariesCompEmpBnftPaidAmt012422325
IRS990/PYTotalExpensesAmt018268880
IRS990/PYTotalRevenueAmt017860192
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt019204
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02473311
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02566930
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/BookValueAmt024881302
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011174077
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036055379
IRS990ScheduleD/EquipmentGrp/BookValueAmt01819493
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03431975
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05251468
IRS990ScheduleD/ExpensesSubtotalAmt018119955
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03338646
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03338646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt026132
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15077085
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01124319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18196013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27250406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt314983515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred inflows of resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Net OPEB Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt018139159
IRS990ScheduleD/TotalBookValueLandBuildingsAmt030039441
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05103217
IRS990ScheduleD/TotalExpensesPerForm990Amt018119955
IRS990ScheduleD/TotalLiabilityAmt031554253
IRS990ScheduleD/TotalRevenuePerForm990Amt018139159
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018139159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018119955
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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 receives 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt030980000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt030310000
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt044914442
IRS990/TotalAssetsEOYAmt043880592
IRS990/TotalAssetsGrp/BOYAmt044914442
IRS990/TotalAssetsGrp/EOYAmt043880592
IRS990/TotalCompGreaterThan150KInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,880,592
Liabilities
$63,720,069
Net assets
-$19,839,477
Revenue
$18,139,159
Expenses
$18,119,955
Net income
$19,204
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
2021Detailed filing. Detailed filing data is available for this year.$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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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