Civic Intelligence

Swain Community Education Foundation Inc.

990 • Fiscal year 2014 • EIN 11-3688272

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 06, 2014

Organization Profile
890 Jenkins Branch Rd NBryson City, NC 28713

(828) 488-1222

Siviq Scores

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

Liabilities / Assets

78th percentile

0.35x

Higher debt load relative to assets than 78% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

2.51x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Net Margin

95th percentile

61%

Higher net margin than 95% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE B • $500k-$1M nonprofits • Source year 2014

Asset Growth

84th percentile

36%

Faster asset growth than 84% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2014 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$623,830

Up $164,501 (+36%) from 2013

Net Assets

Up

$408,580

Up $53,281 (+15%) from 2013

Liabilities

Up

$215,250

Up $111,220 (+107%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin95th percentile

Revenue

Up

$85,667

Up $18,137 (+27%) from 2013

Expenses

Up

$33,347

Up $16,936 (+103%) from 2013

Net Income

Up

$52,320

Up $1,201 (+2.3%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $385,811Liabilities 2010: $122,767Net Assets 2010: $263,0442010Assets 2011: $386,409Liabilities 2011: $117,344Net Assets 2011: $269,0652011Assets 2012: $415,642Liabilities 2012: $111,462Net Assets 2012: $304,1802012Assets 2013: $459,329Liabilities 2013: $104,030Net Assets 2013: $355,2992013Assets 2014: $623,830Liabilities 2014: $215,250Net Assets 2014: $408,5802014Assets 2015: $640,195Liabilities 2015: $0Net Assets 2015: $640,1952015Assets 2016: $731,731Liabilities 2016: $0Net Assets 2016: $731,7312016Assets 2017: $862,515Liabilities 2017: $30,568Net Assets 2017: $831,9472017Assets 2018: $3,474,280Liabilities 2018: $2,543,798Net Assets 2018: $930,4822018Assets 2019: $3,454,092Liabilities 2019: $2,480,356Net Assets 2019: $973,7362019Assets 2020: $3,437,928Liabilities 2020: $2,405,700Net Assets 2020: $1,032,2282020Assets 2021: $3,354,494Liabilities 2021: $2,363,130Net Assets 2021: $991,3642021Assets 2022: $3,256,397Liabilities 2022: $2,319,548Net Assets 2022: $936,8492022Assets 2023: $3,186,225Liabilities 2023: $2,269,648Net Assets 2023: $916,5772023Assets 2024: $3,233,613Liabilities 2024: $2,222,126Net Assets 2024: $1,011,4872024Assets 2025: $3,177,161Liabilities 2025: $2,173,475Net Assets 2025: $1,003,6862025

Highlighted filing

2014

Assets$623,830
Liabilities$215,250
Net Assets$408,580
Open 2014 Filing

Operations Trend

Revenue Growth77th percentile

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

$300K$200K$100K$0-$100KRevenue 2010: $24,013Expenses 2010: $24,803Net Income 2010: -$7902010Revenue 2011: $24,506Expenses 2011: $18,485Net Income 2011: $6,0212011Revenue 2012: $51,257Expenses 2012: $16,142Net Income 2012: $35,1152012Revenue 2013: $67,530Expenses 2013: $16,411Net Income 2013: $51,1192013Revenue 2014: $85,667Expenses 2014: $33,347Net Income 2014: $52,3202014Revenue 2015: $252,124Expenses 2015: $20,509Net Income 2015: $231,6152015Revenue 2016: $105,244Expenses 2016: $13,708Net Income 2016: $91,5362016Revenue 2017: $115,860Expenses 2017: $15,644Net Income 2017: $100,2162017Revenue 2018: $234,407Expenses 2018: $135,872Net Income 2018: $98,5352018Revenue 2019: $177,632Expenses 2019: $134,378Net Income 2019: $43,2542019Revenue 2020: $213,965Expenses 2020: $155,473Net Income 2020: $58,4922020Revenue 2021: $152,649Expenses 2021: $193,513Net Income 2021: -$40,8642021Revenue 2022: $128,378Expenses 2022: $182,893Net Income 2022: -$54,5152022Revenue 2023: $138,643Expenses 2023: $158,915Net Income 2023: -$20,2722023Revenue 2024: $255,641Expenses 2024: $160,731Net Income 2024: $94,9102024Revenue 2025: $94,468Expenses 2025: $102,269Net Income 2025: -$7,8012025

Highlighted filing

2014

Revenue$85,667
Expenses$33,347
Net Income$52,320
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 6, 2014
Return Version
2013v3.1
Gross Receipts
$85,667
Mission and Program Overview

Mission

Support Mountain Discovery Charter School.

Support Mountain Discovery Charter School

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$334,969$575,510▲ $240,541
Cash and Non-Interest-Bearing Accounts$42,423$47,341▲ $4,918
Savings and Temporary Cash Investments$81,777$979▼ $80,798
Total Assets$459,169$623,830▲ $164,661
Liabilities
Mortgage Notes Payable Secured by Investment Property$104,030$215,250▲ $111,220
Total Liabilities$104,030$215,250▲ $111,220
Net Assets / Fund Balance
Unrestricted Net Assets$274,257$406,073▲ $131,816
Temporarily Rstr Net Assets$80,882$2,507▼ $78,375
Total Net Assets Fund Balance$355,139$408,580▲ $53,441
Total Liabilities and Net Assets / Fund Balance$459,169$623,830▲ $164,661

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,934$27,863-
Other Land Buildings$32,867$85,466-
Land$470,688--
Equipment$1,021$8,264-
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Carter PettyChair and Treasurer
Susan BogartVice Chair
Gay S Hess MS CCC SLPBoard Member
James W Busbin PHDBoard Member
Larry TylerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$63,445
Program Service Revenue
$22,200
Investment Income
$22
Other Revenue
$0
All Other Contributions
$63,445
Change in Net Assets
$52,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,135
Grants and Similar Amounts Paid$16,212
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,212--$16,212
Interest$9,159--$9,159
Depreciation Depletion$5,639--$5,639
Occupancy$865--$865
Office Expenses$835--$835
Fees for Services Accounting$320--$320
Fees for Services Legal$317--$317
Total Functional Expenses$33,347$0$0$33,347
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
56-2257244-501 c 3Payoff school bus$16,212
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 governing body review Part VI line 11

“The board does not review the 990.The documents are available upon request to the board chair. Interested parties can email requests to the board chair. We announce this at meetings from time to time.”

Conflict of interest policy compliance Part VI line 12C

“If any Director has an adverse interest in a corporate transaction, such Director must make full disclosure to the Board of the adverse interest as soon as such Director knows, or should know of its existence. Upon full disclosure, the Board may approve the transaction only by a good faith vote of a majority of the disinterested Directors present. However, no such transaction may be approved if it would constitute self-dealing prohibited under sections 4941 of the Internal Revenue Code of 1986, or the corresponding provisions of any later federal tax laws, or if it would result in the imposition of any excise tax under any other provision of Chapter 49A of the Internal Revenue Code of 1986, or the corresponding provisions of any later federal tax laws.SCEF has adhered to this policy”

Governing documents etc available to public Part VI line 19

“Documents are available at offices at request. 990 tax filing is also available on line at Guidestar.org”

Filing and Contact Details

Filer

EIN
11-3688272

Signing Officer

Name
Carter Petty
Title
Treasurer
Phone
8284881222
Signed
2014-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carter Petty
Formed
2004
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Preparer
Joanna Foster
Phone
8284889222
Raw XML Appendix348 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board does not review the 990.The documents are available upon request to the board chair. Interested parties can email requests to the board chair. We announce this at meetings from time to time.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1If any Director has an adverse interest in a corporate transaction, such Director must make full disclosure to the Board of the adverse interest as soon as such Director knows, or should know of its existence. Upon full disclosure, the Board may approve the transaction only by a good faith vote of a majority of the disinterested Directors present. However, no such transaction may be approved if it would constitute self-dealing prohibited under sections 4941 of the Internal Revenue Code of 1986, or the corresponding provisions of any later federal tax laws, or if it would result in the imposition of any excise tax under any other provision of Chapter 49A of the Internal Revenue Code of 1986, or the corresponding provisions of any later federal tax laws.SCEF has adhered to this policy
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Documents are available at offices at request. 990 tax filing is also available on line at Guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Primary and middle school education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10890 Jenkins Branch Rd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0Bryson City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode028713
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt080882
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02507
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0459169
IRS990/TotalAssetsEOYAmt0623830
IRS990/TotalAssetsGrp/BOYAmt0459169
IRS990/TotalAssetsGrp/EOYAmt0623830
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt063445
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt033347
IRS990/TotalFunctionalExpensesGrp/TotalAmt033347
IRS990/TotalGrossUBIAmt022
IRS990/TotalLiabilitiesBOYAmt0104030
IRS990/TotalLiabilitiesEOYAmt0215250
IRS990/TotalLiabilitiesGrp/BOYAmt0104030
IRS990/TotalLiabilitiesGrp/EOYAmt0215250
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0355139
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0408580
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt033347
IRS990/TotalProgramServiceRevenueAmt022200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt085667
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt022
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0459169
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0623830
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0274257
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0406073
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10144 BALL RD
IRS990/USAddress/City0BRYSON CITY
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028713
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carter Petty
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08284881222
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10SWAIN COMMUNITY EDU FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0SWAI
ReturnHeader/Filer/EIN0113688272
ReturnHeader/Filer/USAddress/AddressLine10890 Jenkins Branch Rd N
ReturnHeader/Filer/USAddress/City0BRYSON CITY
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028713
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611439286
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Joanna Foster CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10251 West Ridge Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Bryson City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028713
ReturnHeader/PreparerPersonGrp/PhoneNum08284889222
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Joanna Foster
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-10-09T10:07:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$623,830
Liabilities
$215,250
Net assets
$408,580
Revenue
$85,667
Expenses
$33,347
Net income
$52,320
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.18$2.17$1.00$0.09$0.10$0.01
2024Detailed filing. Detailed filing data is available for this year.$3.23$2.22$1.01$0.26$0.16$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.19$2.27$0.92$0.14$0.16$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.26$2.32$0.94$0.13$0.18$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.35$2.36$0.99$0.15$0.19$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.44$2.41$1.03$0.21$0.16$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.45$2.48$0.97$0.18$0.13$0.04
2018Detailed filing. Detailed filing data is available for this year.$3.47$2.54$0.93$0.23$0.14$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.83$0.12$0.02$0.10
2016Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.11$0.01$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.25$0.02$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.62$0.22$0.41$0.09$0.03$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.10$0.36$0.07$0.02$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.11$0.30$0.05$0.02$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.12$0.27$0.02$0.02$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.12$0.26$0.02$0.02$0.00