Civic Intelligence

Swain Community Education Foundation Inc.

990 • Fiscal year 2019 • EIN 11-3688272

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 02, 2020

Organization Profile
890 Jenkins Branch Road 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

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

13.96x

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

82nd percentile

24%

Higher net margin than 82% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

33rd percentile

-0.6%

Faster asset growth than 33% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-24%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$3,454,092

Down $20,188 (-0.6%) from 2018

Net Assets

Up

$973,736

Up $43,254 (+4.6%) from 2018

Liabilities

Down

$2,480,356

Down $63,442 (-2.5%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin82nd percentile

Revenue

Down

$177,632

Down $56,775 (-24%) from 2018

Expenses

Down

$134,378

Down $1,494 (-1.1%) from 2018

Net Income

Down

$43,254

Down $55,281 (-56%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth33rd 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

2019

Assets$3,454,092
Liabilities$2,480,356
Net Assets$973,736
Open 2019 Filing

Operations Trend

Revenue Growth10th 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

2019

Revenue$177,632
Expenses$134,378
Net Income$43,254
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 2, 2020
Return Version
2018v3.1
Gross Receipts
$177,632
Mission and Program Overview

Mission

Support Mountain Discovery Charter School.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,336,848$3,324,825▼ $12,023
Cash and Non-Interest-Bearing Accounts$137,432$129,267▼ $8,165
Total Assets$3,474,280$3,454,092▼ $20,188
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,543,798$2,480,356▼ $63,442
Total Liabilities$2,543,798$2,480,356▼ $63,442
Net Assets / Fund Balance
Unrestricted Net Assets$930,482$973,736▲ $43,254
Total Net Assets Fund Balance$930,482$973,736▲ $43,254
Total Liabilities and Net Assets / Fund Balance$3,474,280$3,454,092▼ $20,188

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,763,192$95,283$2,858,475
Land$470,688-$470,688
Equipment$70,945$194,936$265,881
Other Land Buildings$20,000-$20,000
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Carter PettyChair/Treasurer
James BusbinVice Chair
Rob YoungBoard Member
Susan BogartBoard Member
Gay HessSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$96,563
Program Service Revenue
$81,069
Investment Income
$0
Other Revenue
$0
All Other Contributions
$96,563
Change in Net Assets
$43,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$177,632
Total Revenue per Audited Statements
$177,632
Total Revenue per Form 990
$177,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$121,871--$121,871
Insurance$265--$265
Other Expenses$219--$219
Total Functional Expenses$134,378$0$0$134,378

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$134,378
Total Expenses per Audited Statements$134,378
Total Expenses per Form 990$134,378
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
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
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, Part VI, Section B, Line 12C

“If any director has an adverse interest in a corporate transaction, said director must make full disclosure to the Board of the adverse interest as soon as said 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 disintrested directors present. However, no such transaction may be approved if it would constitute self-dealings prohibited under section 4941 of the Internal Revenue Service 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 provisions of Chapter 49A of the Internal Revenue Service Code of 1986, or the corresponding provisions of any later federal tax laws Swain Community Education Foundatino Inc. has adhered to this policy.”

Form 990, Part VI, Section C, Line 19

“Documents are available at the office upon request. 990 tax filings are also availalbe online at guidstar.org.”

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

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

Filing and Contact Details

Filer

Filer Name
Swain Community Education Foundation Inc
EIN
11-3688272
Phone
8284881222
Address
890 Jenkins Branch Road N, Bryson City, NC 28713

Signing Officer

Name
Carter Petty
Title
Board Chair
Phone
8284881222
Signed
2020-03-02
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

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
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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/ExplanationTxt0If any director has an adverse interest in a corporate transaction, said director must make full disclosure to the Board of the adverse interest as soon as said 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 disintrested directors present. However, no such transaction may be approved if it would constitute self-dealings prohibited under section 4941 of the Internal Revenue Service 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 provisions of Chapter 49A of the Internal Revenue Service Code of 1986, or the corresponding provisions of any later federal tax laws Swain Community Education Foundatino Inc. has adhered to this policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents are available at the office upon request. 990 tax filings are also availalbe online at guidstar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Mountain Discovery Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562257244
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Education of Students
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0890 Jenkins Branch Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Bryson City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028713
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0105400
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash Paid
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Mountain Discovery Charter School
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0j
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03474280
IRS990/TotalAssetsEOYAmt03454092
IRS990/TotalAssetsGrp/BOYAmt03474280
IRS990/TotalAssetsGrp/EOYAmt03454092
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt096563
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0134378
IRS990/TotalFunctionalExpensesGrp/TotalAmt0134378
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02543798
IRS990/TotalLiabilitiesEOYAmt02480356
IRS990/TotalLiabilitiesGrp/BOYAmt02543798
IRS990/TotalLiabilitiesGrp/EOYAmt02480356
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0930482
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0973736
IRS990/TotalProgramServiceExpensesAmt0134378
IRS990/TotalProgramServiceRevenueAmt081069
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt081069
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0177632
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03474280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03454092
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0930482
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0973736
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 516
IRS990/USAddress/CityNm0Bryson City
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IRS990/USAddress/ZIPCd028713
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carter Petty
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum08284881222
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Swain Community Education Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0SWAI
ReturnHeader/Filer/EIN0113688272
ReturnHeader/Filer/PhoneNum08284881222
ReturnHeader/Filer/USAddress/AddressLine1Txt0890 Jenkins Branch Road N
ReturnHeader/Filer/USAddress/CityNm0Bryson City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028713
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05F9737B0F227446FD1AF0DE930E53A4CE2250ECB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.182.112.62
ReturnHeader/FilingSecurityInformation/IPDt02020-03-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm021:28:03
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05422 Boswellville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027893
ReturnHeader/PreparerPersonGrp/PhoneNum02522306294
ReturnHeader/PreparerPersonGrp/PreparationDt02020-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah Barr
ReturnHeader/ReturnTs02020-03-02T04:29:29-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,454,092
Liabilities
$2,480,356
Net assets
$973,736
Revenue
$177,632
Expenses
$134,378
Net income
$43,254
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