Civic Intelligence

Pine Lake Preparatory Inc.

990 • Fiscal year 2020 • EIN 06-1796895

Jul 01, 2019 to Jun 30, 2020 • Filed on May 11, 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

98th percentile

1.44x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • NTEE B • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

3.63x

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

2020 filings • NTEE B • $25M-$50M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.3%

Higher net margin than 32% of similar nonprofits.

2020 filings • NTEE B • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$123,600

Higher top officer pay than 22% of similar nonprofits.

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

2020 filings • NTEE B • $25M-$50M nonprofits • Source year 2020

Asset Growth

46th percentile

2.2%

Faster asset growth than 46% of similar nonprofits.

2020 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-0.6%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$44,914,442

Up $979,593 (+2.2%) from 2019

Net Assets

Down

-$19,858,681

Down $408,688 (-2.1%) from 2019

Liabilities

Up

$64,773,123

Up $1,388,281 (+2.2%) from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin32nd percentile

Revenue

Down

$17,860,192

Down $105,954 (-0.6%) from 2019

Expenses

Up

$18,268,880

Up $823,476 (+4.7%) from 2019

Net Income

Down

-$408,688

Down $929,430 (-178%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2020

Assets$44,914,442
Liabilities$64,773,123
Net Assets-$19,858,681
Open 2020 Filing

Operations Trend

Revenue Growth46th 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

2020

Revenue$17,860,192
Expenses$18,268,880
Net Income-$408,688
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 11, 2021
Return Version
2019v5.1
Gross Receipts
$17,860,192
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$31,851,061$31,886,551▲ $35,490
Cash and Non-Interest-Bearing Accounts$4,226,507$5,338,342▲ $1,111,835
Savings and Temporary Cash Investments$2,389,781$2,473,311▲ $83,530
Accounts Receivable$19,097$121,706▲ $102,609
Prepaid Expenses and Deferred Charges$10,911$20,448▲ $9,537
Total Assets$43,934,849$44,914,442▲ $979,593
Other Assets Total$5,437,492$5,074,084▼ $363,408
Liabilities
Other Liabilities$31,487,593$31,750,307▲ $262,714
Tax Exempt Bond Liabilities$31,623,333$30,980,000▼ $643,333
Mortgage Notes Payable Secured by Investment Property$143,432$1,902,730▲ $1,759,298
Accounts Payable and Accrued Expenses$130,484$140,086▲ $9,602
Total Liabilities$63,384,842$64,773,123▲ $1,388,281
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,449,993$-19,858,681▼ $408,688
Total Net Assets Fund Balance$-19,449,993$-19,858,681▼ $408,688
Total Liabilities and Net Assets / Fund Balance$43,934,849$44,914,442▲ $979,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,133,177$9,922,202$36,055,379
Equipment$2,414,728$3,639,765$6,054,493
Land$3,338,646-$3,338,646
Other Assets Org$5,050,723--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew MoceriAdministratorFT$123,600$123,600
Douglas DeffenbaughPhysical Education and Summer CampsFT$106,786$106,786
Shelly SimsPrincipalFT$101,717$101,717
Tim HoffmanPrincipalFT$101,590$101,590

Board Members and Trustees

NameTitle
Sarah PhillipsChairperson
Jason YanniVice Chair
Emily FowlerBoard Member
Jeremy ShookBoard Member
Katie DavidsonBoard Member
Pamela Frost ShirleyBoard Member
Sara ThomasBoard Member
Jessica BronzertSecretary
Bill AullTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
FLE - Mama's Italian EateryLunch Vendor19741 S Main Street, Cornelius, NC 28031$143,292
Skyline Services USASpanish Immersion Program201 Sage Road PO BOX 3566, Chapel Hill, NC 28514$128,070
-Janitoral Service10612 Providence Road, Charlotte, NC 28277$124,809
Revenue and Support

Revenue Composition

Contributions and Grants
$900,395
Program Service Revenue
$16,959,797
Investment Income
$0
Other Revenue
$0
All Other Contributions
$616,342
Change in Net Assets
$-408,688

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,860,192
Total Revenue per Audited Statements
$17,860,192
Total Revenue per Form 990
$17,860,192
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,422,325
Other Expenses$5,846,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,250,886$720,513-$8,971,399
Pension Plan Contributions$1,885,009$100,880-$1,985,889
Interest-$1,664,124-$1,664,124
Depreciation Depletion$1,291,893$322,973-$1,614,866
Other Expenses$383,699$506,384-$890,083
Other Employee Benefits$765,100$57,260-$822,360
Payroll Taxes$588,466$54,211-$642,677
Occupancy$197,843$65,948-$263,791
Insurance-$80,833-$80,833
Conferences and Meetings$77,910--$77,910
Fees for Services Legal-$39,491-$39,491
Fees for Services Accounting-$10,250-$10,250
Advertising-$2,436-$2,436
Total Functional Expenses$14,404,139$3,864,741$0$18,268,880

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,268,880
Total Expenses per Audited Statements$18,268,880
Total Expenses per Form 990$18,268,880
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$16,759,519
Compensated Absences$7,754,823
Deferred inflows of resources$6,253,348
Federal income taxes$982,617
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
Sarah Phillips
Title
Chair
Signed
2021-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Phillips
Formed
2006
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
293
Volunteers
400

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0284053
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt017860192
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt080833
IRS990/InsuranceGrp/TotalAmt080833
IRS990/InterestGrp/ManagementAndGeneralAmt01664124
IRS990/InterestGrp/TotalAmt01664124
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt050
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013561967
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031851061
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031886551
IRS990/LandBldgEquipCostOrOtherBssAmt045448518
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/BOYAmt0143432
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01902730
IRS990/NetAssetsOrFundBalancesBOYAmt0-19449993
IRS990/NetAssetsOrFundBalancesEOYAmt0-19858681
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-19449993
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-19858681
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt065948
IRS990/OccupancyGrp/ProgramServicesAmt0197843
IRS990/OccupancyGrp/TotalAmt0263791
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05437492
IRS990/OtherAssetsTotalGrp/EOYAmt05074084
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057260
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0765100
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0822360
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Contracted Student Services
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0239438
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1506384
IRS990/OtherExpensesGrp/ProgramServicesAmt0963333
IRS990/OtherExpensesGrp/ProgramServicesAmt1383699
IRS990/OtherExpensesGrp/TotalAmt01202771
IRS990/OtherExpensesGrp/TotalAmt1890083
IRS990/OtherLiabilitiesGrp/BOYAmt031487593
IRS990/OtherLiabilitiesGrp/EOYAmt031750307
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0720513
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08250886
IRS990/OtherSalariesAndWagesGrp/TotalAmt08971399
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054211
IRS990/PayrollTaxesGrp/ProgramServicesAmt0588466
IRS990/PayrollTaxesGrp/TotalAmt0642677
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0100880
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01885009
IRS990/PensionPlanContributionsGrp/TotalAmt01985889
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010911
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020448
IRS990/PrincipalOfficerNm0Sarah Phillips
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/TotalRevenueColumnAmt011326706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14390891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2797704
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3158268
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4286228
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01011242
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt06281918
IRS990/PYProgramServiceRevenueAmt016954904
IRS990/PYRevenuesLessExpensesAmt0520742
IRS990/PYSalariesCompEmpBnftPaidAmt011163486
IRS990/PYTotalExpensesAmt017445404
IRS990/PYTotalRevenueAmt017966146
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-408688
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02389781
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02473311
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/BookValueAmt026133177
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09922202
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036055379
IRS990ScheduleD/EquipmentGrp/BookValueAmt02414728
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03639765
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06054493
IRS990ScheduleD/ExpensesSubtotalAmt018268880
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03338646
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03338646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt023361
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15050723
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0982617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17754823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26253348
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316759519
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/RevenueSubtotalAmt017860192
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031886551
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05074084
IRS990ScheduleD/TotalExpensesPerForm990Amt018268880
IRS990ScheduleD/TotalLiabilityAmt031750307
IRS990ScheduleD/TotalRevenuePerForm990Amt017860192
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017860192
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018268880
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 state and local governments. The School also receives 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.

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Filings

Displayed year

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

Open filing
Assets
$44,914,442
Liabilities
$64,773,123
Net assets
-$19,858,681
Revenue
$17,860,192
Expenses
$18,268,880
Net income
-$408,688
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
2020Detailed filing. Detailed filing data is available for this year.$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
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