Civic Intelligence

Pine Lake Preparatory Inc.

990 • Fiscal year 2022 • EIN 06-1796895

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

100th percentile

1.39x

Higher debt load relative to assets than 100% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

2.75x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Net Margin

62nd percentile

14%

Higher net margin than 62% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

31st percentile

$148,825

Higher top officer pay than 31% of similar nonprofits.

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

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Asset Growth

41st percentile

-1.3%

Faster asset growth than 41% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

21%

Faster revenue growth than 71% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$43,324,550

Down $556,042 (-1.3%) from 2021

Net Assets

Up

-$16,849,804

Up $2,989,673 (+15%) from 2021

Liabilities

Down

$60,174,354

Down $3,545,715 (-5.6%) from 2021

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin62nd percentile

Revenue

Up

$21,899,854

Up $3,760,695 (+21%) from 2021

Expenses

Up

$18,910,181

Up $790,226 (+4.4%) from 2021

Net Income

Up

$2,989,673

Up $2,970,469 (+15468%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2022

Assets$43,324,550
Liabilities$60,174,354
Net Assets-$16,849,804
Open 2022 Filing

Operations Trend

Revenue Growth71st 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

2022

Revenue$21,899,854
Expenses$18,910,181
Net Income$2,989,673
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$21,899,854
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,039,441$28,927,169▼ $1,112,272
Cash and Non-Interest-Bearing Accounts$6,120,633$6,309,944▲ $189,311
Savings and Temporary Cash Investments$2,566,930$2,565,945▼ $985
Accounts Receivable$42,014$103,689▲ $61,675
Prepaid Expenses and Deferred Charges$8,357$2,081▼ $6,276
Total Assets$43,880,592$43,324,550▼ $556,042
Other Assets Total$5,103,217$5,415,722▲ $312,505
Liabilities
Other Liabilities$31,554,253$29,895,723▼ $1,658,530
Tax Exempt Bond Liabilities$30,310,000$29,610,000▼ $700,000
Mortgage Notes Payable Secured by Investment Property$1,697,000$509,335▼ $1,187,665
Accounts Payable and Accrued Expenses$158,816$159,296▲ $480
Total Liabilities$63,720,069$60,174,354▼ $3,545,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,839,477$-16,849,804▲ $2,989,673
Total Net Assets Fund Balance$-19,839,477$-16,849,804▲ $2,989,673
Total Liabilities and Net Assets / Fund Balance$43,880,592$43,324,550▼ $556,042

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,841,440$12,425,505$36,266,945
Equipment$1,747,083$3,926,511$5,673,594
Land$3,338,646-$3,338,646
Other Assets Org$5,406,626--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Andrew MoceriAdministratorFT$148,825$148,825
Tim HoffmanPrincipalFT$103,390$103,390
Shelly SimsPrincipalFT$96,830$96,830

Board Members and Trustees

NameTitle
Jason YanniChairperson
Eduardo HaynesVice Chair
Caroline MonesBoard Member
Frederick ShilmoverBoard Member
Jessica BronzertBoard Member
Lauren MillovitschBoard Member
Robert PetersonBoard Member
Brianne JohnsonSecretary
Katie DavidsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Carolina Thomas LLCBus payments6327 Burnt Poplar Rd, Greensboro, NC 27409$226,925
Revenue and Support

Revenue Composition

Contributions and Grants
$1,796,456
Program Service Revenue
$20,103,398
Investment Income
$0
Other Revenue
$0
All Other Contributions
$683,200
Change in Net Assets
$2,989,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,899,854
Total Revenue per Audited Statements
$21,899,854
Total Revenue per Form 990
$21,899,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,408,069
Other Expenses$4,502,112
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,723,156$886,370-$10,609,526
Pension Plan Contributions$1,905,215$131,193-$2,036,408
Depreciation Depletion$1,396,771$349,193-$1,745,964
Interest-$1,703,745-$1,703,745
Other Employee Benefits$921,358$65,982-$987,340
Payroll Taxes$708,014$66,781-$774,795
Occupancy$253,396$28,155-$281,551
Insurance-$73,997-$73,997
Fees for Services Legal-$46,150-$46,150
Fees for Services Accounting-$9,587-$9,587
Advertising-$2,449-$2,449
Other Expenses$-1,911,717$313,743-$-1,911,717
Total Functional Expenses$14,998,692$3,911,489$0$18,910,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,910,181
Total Expenses per Audited Statements$18,910,181
Total Expenses per Form 990$18,910,181
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$16,491,367
Compensated Absences$9,383,272
Deferred inflows of resources$2,928,030
Federal income taxes$1,093,054
Net OPEB Liability-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, 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
2023-05-15
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
288
Volunteers
400

Preparer

Firm
Rebekah Barr CPA PC
Address
1520 Nash Street N, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522946920
Raw XML AppendixShowing 400 of 471 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/BOYAmt0158816
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0159296
IRS990/AccountsReceivableGrp/BOYAmt042014
IRS990/AccountsReceivableGrp/EOYAmt0103689
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02449
IRS990/AdvertisingGrp/TotalAmt02449
IRS990/AllOtherContributionsAmt0683200
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
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/BOYAmt06120633
IRS990/CashNonInterestBearingGrp/EOYAmt06309944
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/CompensationAmt0226925
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt06327 Burnt Poplar Rd
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Greensboro
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027409
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Carolina Thomas LLC
IRS990/ContractorCompensationGrp/ServicesDesc0Bus payments
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01796456
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt04502112
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt020103398
IRS990/CYRevenuesLessExpensesAmt02989673
IRS990/CYSalariesCompEmpBnftPaidAmt014408069
IRS990/CYTotalExpensesAmt018910181
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt021899854
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0349193
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01396771
IRS990/DepreciationDepletionGrp/TotalAmt01745964
IRS990/Desc0Operation of a charter school in Mooresville, North Carolina, serving approximately 1,890 students for the fiscal year ended June 30, 2022.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0288
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt014998692
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09587
IRS990/FeesForServicesAccountingGrp/TotalAmt09587
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt046150
IRS990/FeesForServicesLegalGrp/TotalAmt046150
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/PersonNm1Tim Hoffman
IRS990/Form990PartVIISectionAGrp/PersonNm2Shelly Sims
IRS990/Form990PartVIISectionAGrp/PersonNm3Jason Yanni
IRS990/Form990PartVIISectionAGrp/PersonNm4Eduardo Haynes
IRS990/Form990PartVIISectionAGrp/PersonNm5Katie Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm6Brianne Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm7Jessica Bronzert
IRS990/Form990PartVIISectionAGrp/PersonNm8Robert Peterson
IRS990/Form990PartVIISectionAGrp/PersonNm9Lauren Millovitsch
IRS990/Form990PartVIISectionAGrp/PersonNm10Frederick Shilmover
IRS990/Form990PartVIISectionAGrp/PersonNm11Caroline Mones
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0148825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1103390
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt296830
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/GovernmentGrantsAmt01113256
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt021899854
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt073997
IRS990/InsuranceGrp/TotalAmt073997
IRS990/InterestGrp/ManagementAndGeneralAmt01703745
IRS990/InterestGrp/TotalAmt01703745
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt031
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016352016
IRS990/LandBldgEquipBasisNetGrp/BOYAmt030039441
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028927169
IRS990/LandBldgEquipCostOrOtherBssAmt045279185
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/BOYAmt01697000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0509335
IRS990/NetAssetsOrFundBalancesBOYAmt0-19839477
IRS990/NetAssetsOrFundBalancesEOYAmt0-16849804
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-19839477
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-16849804
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt028155
IRS990/OccupancyGrp/ProgramServicesAmt0253396
IRS990/OccupancyGrp/TotalAmt0281551
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05103217
IRS990/OtherAssetsTotalGrp/EOYAmt05415722
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt065982
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0921358
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0987340
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Contracted Student Services
IRS990/OtherExpensesGrp/Desc2Pension/OPEB ajes
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0234144
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1313743
IRS990/OtherExpensesGrp/ProgramServicesAmt01283184
IRS990/OtherExpensesGrp/ProgramServicesAmt1719315
IRS990/OtherExpensesGrp/ProgramServicesAmt2-1911717
IRS990/OtherExpensesGrp/TotalAmt01517328
IRS990/OtherExpensesGrp/TotalAmt11033058
IRS990/OtherExpensesGrp/TotalAmt2-1911717
IRS990/OtherLiabilitiesGrp/BOYAmt031554253
IRS990/OtherLiabilitiesGrp/EOYAmt029895723
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0886370
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09723156
IRS990/OtherSalariesAndWagesGrp/TotalAmt010609526
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt066781
IRS990/PayrollTaxesGrp/ProgramServicesAmt0708014
IRS990/PayrollTaxesGrp/TotalAmt0774795
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0131193
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01905215
IRS990/PensionPlanContributionsGrp/TotalAmt02036408
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08357
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02081
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/TotalRevenueColumnAmt012252456
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15027444
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21211015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3255790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4268541
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0982219
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04956059
IRS990/PYProgramServiceRevenueAmt017156940
IRS990/PYRevenuesLessExpensesAmt019204
IRS990/PYSalariesCompEmpBnftPaidAmt013163896
IRS990/PYTotalExpensesAmt018119955
IRS990/PYTotalRevenueAmt018139159
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02989673
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02566930
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02565945
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/BookValueAmt023841440
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012425505
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt036266945
IRS990ScheduleD/EquipmentGrp/BookValueAmt01747083
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03926511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05673594
IRS990ScheduleD/ExpensesSubtotalAmt018910181
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03338646
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03338646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt09096
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt15406626
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01093054
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19383272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22928030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt316491367
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/RevenueSubtotalAmt021899854
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028927169
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05415722
IRS990ScheduleD/TotalExpensesPerForm990Amt018910181
IRS990ScheduleD/TotalLiabilityAmt029895723
IRS990ScheduleD/TotalRevenuePerForm990Amt021899854
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021899854
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018910181
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 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/BOYAmt030310000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt029610000
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt043880592

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,324,550
Liabilities
$60,174,354
Net assets
-$16,849,804
Revenue
$21,899,854
Expenses
$18,910,181
Net income
$2,989,673
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
2022Detailed filing. Detailed filing data is available for this year.$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
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