Civic Intelligence

Wilmington Ace Charter Incorporated

EIN 13-4283294 • 501(c)3 • Wilmington, NC

Profile

Operation of a public charter school

134 Cinema DriveWilmington, NC 28403

www.wilmingtonace.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.39x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.95x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.4%

Higher net margin than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

32nd percentile

-1.6%

Faster revenue growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$932,873

Down $177,649 (-16%) from 2023

Liabilities

Down

$2,228,235

Down $345,147 (-13%) from 2023

Net Assets

Up

-$1,295,362

Up $167,498 (+11%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin30th percentile

Revenue

Down

$1,141,541

Down $18,885 (-1.6%) from 2023

Expenses

Down

$1,191,666

Down $37,700 (-3.1%) from 2023

Net Income

Up

-$50,125

Up $18,815 (+27%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $95,143Liabilities 2010: $62,301Net Assets 2010: $32,8422010Assets 2011: $35,085Liabilities 2011: $126,683Net Assets 2011: -$91,5982011Assets 2012: $46,952Liabilities 2012: $77,835Net Assets 2012: -$30,8832012Assets 2013: $19,472Liabilities 2013: $59,800Net Assets 2013: -$40,3282013Assets 2014: $56,545Liabilities 2014: $90,992Net Assets 2014: -$34,4472014Assets 2015: $142,717Liabilities 2015: $252,575Net Assets 2015: -$109,8582015Assets 2016: $205,730Liabilities 2016: $248,619Net Assets 2016: -$42,8892016Assets 2017: $515,771Liabilities 2017: $549,973Net Assets 2017: -$34,2022017Assets 2018: $484,903Liabilities 2018: $2,502,779Net Assets 2018: -$2,017,8762018Assets 2019: $618,295Liabilities 2019: $2,614,432Net Assets 2019: -$1,996,1372019Assets 2020: $650,068Liabilities 2020: $2,620,485Net Assets 2020: -$1,970,4172020Assets 2021: $731,874Liabilities 2021: $2,538,215Net Assets 2021: -$1,806,3412021Assets 2022: $715,466Liabilities 2022: $2,347,302Net Assets 2022: -$1,631,8362022Assets 2023: $1,110,522Liabilities 2023: $2,573,382Net Assets 2023: -$1,462,8602023Assets 2024: $932,873Liabilities 2024: $2,228,235Net Assets 2024: -$1,295,3622024

Highlighted filing

2024

Assets$932,873
Liabilities$2,228,235
Net Assets-$1,295,362
Open 2024 Filing

Operations Trend

Revenue Growth32nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,103,759Expenses 2010: $1,062,320Net Income 2010: $41,4392010Revenue 2011: $835,516Expenses 2011: $959,956Net Income 2011: -$124,4402011Revenue 2012: $966,568Expenses 2012: $905,853Net Income 2012: $60,7152012Revenue 2013: $1,058,954Expenses 2013: $1,068,399Net Income 2013: -$9,4452013Revenue 2014: $1,063,286Expenses 2014: $1,057,405Net Income 2014: $5,8812014Revenue 2015: $1,087,001Expenses 2015: $971,594Net Income 2015: $115,4072015Revenue 2016: $1,182,632Expenses 2016: $1,115,663Net Income 2016: $66,9692016Revenue 2017: $1,197,886Expenses 2017: $1,189,199Net Income 2017: $8,6872017Revenue 2018: $1,228,242Expenses 2018: $1,265,682Net Income 2018: -$37,4402018Revenue 2019: $1,239,747Expenses 2019: $1,218,008Net Income 2019: $21,7392019Revenue 2020: $1,284,072Expenses 2020: $1,258,352Net Income 2020: $25,7202020Revenue 2021: $1,301,454Expenses 2021: $1,137,378Net Income 2021: $164,0762021Revenue 2022: $1,234,952Expenses 2022: $1,146,081Net Income 2022: $88,8712022Revenue 2023: $1,160,426Expenses 2023: $1,229,366Net Income 2023: -$68,9402023Revenue 2024: $1,141,541Expenses 2024: $1,191,666Net Income 2024: -$50,1252024

Highlighted filing

2024

Revenue$1,141,541
Expenses$1,191,666
Net Income-$50,125
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$932,873
Liabilities
$2,228,235
Net assets
-$1,295,362
Revenue
$1,141,541
Expenses
$1,191,666
Net income
-$50,125
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$2.23$1.30$1.14$1.19$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.11$2.57$1.46$1.16$1.23$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.72$2.35$1.63$1.23$1.15$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.73$2.54$1.81$1.30$1.14$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.65$2.62$1.97$1.28$1.26$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.62$2.61$2.00$1.24$1.22$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.48$2.50$2.02$1.23$1.27$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.52$0.55$0.03$1.20$1.19$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.25$0.04$1.18$1.12$0.07
2015Summary only. Only limited summary data is available for this year.$0.14$0.25$0.11$1.09$0.97$0.12
2014Summary only. Only limited summary data is available for this year.$0.06$0.09$0.03$1.06$1.06$0.01
2013Summary only. Only limited summary data is available for this year.$0.02$0.06$0.04$1.06$1.07$0.01
2012Summary only. Only limited summary data is available for this year.$0.05$0.08$0.03$0.97$0.91$0.06
2011Summary only. Only limited summary data is available for this year.$0.04$0.13$0.09$0.84$0.96$0.12
2010Summary only. Only limited summary data is available for this year.$0.10$0.06$0.03$1.10$1.06$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,141,541
Mission and Program Overview

Mission

Operation of a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$196,109$159,523▼ $36,586
Accounts Receivable$1,370$52,835▲ $51,465
Savings and Temporary Cash Investments$50,118$50,193▲ $75
Pledges and Grants Receivable$47,168--
Land, Buildings, and Equipment, Net$29,817$18,157▼ $11,660
Prepaid Expenses and Deferred Charges$467$953▲ $486
Total Assets$1,110,522$932,873▼ $177,649
Other Assets Total$785,473$651,212▼ $134,261
Liabilities
Other Liabilities$2,546,595$2,195,824▼ $350,771
Accounts Payable and Accrued Expenses$26,787$32,411▲ $5,624
Total Liabilities$2,573,382$2,228,235▼ $345,147
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,817$18,157▼ $11,660
Net Assets Without Donor Restrictions$-1,492,677$-1,313,519▲ $179,158
Total Net Assets Fund Balance$-1,462,860$-1,295,362▲ $167,498
Total Liabilities and Net Assets / Fund Balance$1,110,522$932,873▼ $177,649

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,161$60,604$73,765
Other Land Buildings$4,996$64,425$69,421
Equipment$0$25,516$25,516
Other Assets Org$294,990--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Kevin JohnsonPrincipalFT$83,794$83,794
Mary RusherTreasurerPT$25,700$25,700

Board Members and Trustees

NameTitle
Valerie GallowayBoard Chair
Yolanda RhodesVice Chair
Ramona RaginDirector
Carlette GrissettSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,137,896
Program Service Revenue
$0
Investment Income
$75
Other Revenue
$3,570
Change in Net Assets
$-50,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,141,541
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,141,541
Total Revenue per Form 990
$1,141,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$841,560
Other Expenses$350,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$438,845$106,609-$545,454
Depreciation Depletion$88,492$21,498-$109,990
Pension Plan Contributions$80,146$19,470-$99,616
Current Officers, Directors, Trustees, and Key Employees$67,416$16,378-$83,794
Other Employee Benefits$52,423$12,735-$65,158
Fees for Services Other$50,562$12,283-$62,845
Payroll Taxes$38,247$9,291-$47,538
Occupancy$26,957$6,549-$33,506
Information Technology$13,953$3,390-$17,343
Insurance$13,798$3,352-$17,150
Travel$12,297$2,987-$15,284
Office Expenses$10,175$2,472-$12,647
Interest$9,825$2,387-$12,212
Advertising$7,749$1,882-$9,631
Fees for Services Accounting$7,303$1,774-$9,077
Other Expenses$1,380$335-$1,715
Total Functional Expenses$958,754$232,912$0$1,191,666

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,191,666
Total Expenses per Form 990$1,191,666
Total Expenses per Audited Statements$974,043
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-217,623
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
Deferred Inflows of Resources$777,872
Opeb Liability$663,314
Pension Liability$431,804
Lease Liability$322,834
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

“Form 990 is reviewed by the school principal, accountant, and board chair. It is made available to all board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Through open discussion at board meetings and review of the policy, all staff members complete a written conflict of interest policy acknowledgment annually.”

Form 990, Part VI, Section B, Line 15

“The board approves compensation for the top management official as part of the annual budget. The nc state salary schedule is utilized as a reference point. The board approves all compensation for officers and key employees. The board treasurer's compensation is based on her status as an employee; she is not compensated for serving on the board. The nc state salary schedule is utilized as a reference point.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available to the public upon request at the organization's main office.”

Filing and Contact Details

Filer

Filer Name
Wilmington Ace Charter Incorporated
EIN
13-4283294
Phone
9107996776
Address
134 CINEMA DRIVE, WILMINGTON, NC 28403
Doing Business As
Wilmington Preparatory Academy

Signing Officer

Name
Valerie Galloway
Title
Board Chair
Phone
9107996776
Signed
2025-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Johnson
Formed
2004
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
4
Employees
24
Volunteers
4

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Retirement expenses & pension value adjustment 217,623.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Retirement expense & pension value adjustment to 990 part xi -217,623.”

Raw XML AppendixShowing 400 of 433 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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IRS990/Desc0OPERATED AS A PUBLIC CHARTER SCHOOL DESIGNED TO HELP UNDERPRIVILEGED CHILDREN IN NEW HANOVER COUNTY, SERVING APPROXIMATELY 92 CHILDREN FOR THE FISCAL YEAR ENDING JUNE 30, 2024. WILMINGTON PREP MAINTAINS A TUTORING PROGRAM FOR ACADEMICALLY STRUGGLING STUDENTS THROUGHOUT THE YEAR, FREE OF CHARGE. TEACHERS PROVIDE AFTER-SCHOOL TUTORING TWICE PER WEEK DURING THE SECOND SEMESTER, AS WELL AS HALF-DAY SESSIONS FOR ONE WEEK DURING THE SUMMER, FALL, AND SPRING BREAKS.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt010175
IRS990/OfficeExpensesGrp/TotalAmt012647
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0785473
IRS990/OtherAssetsTotalGrp/EOYAmt0651212
IRS990/OtherChangesInNetAssetsAmt0217623
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012735
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt052423
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065158
IRS990/OtherExpensesGrp/Desc0BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINT.
IRS990/OtherExpensesGrp/Desc2NUTRITION & FOOD
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05852
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12886
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2782
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3335
IRS990/OtherExpensesGrp/ProgramServicesAmt024087
IRS990/OtherExpensesGrp/ProgramServicesAmt111881
IRS990/OtherExpensesGrp/ProgramServicesAmt23218
IRS990/OtherExpensesGrp/ProgramServicesAmt31380
IRS990/OtherExpensesGrp/TotalAmt029939
IRS990/OtherExpensesGrp/TotalAmt114767
IRS990/OtherExpensesGrp/TotalAmt24000
IRS990/OtherExpensesGrp/TotalAmt31715
IRS990/OtherLiabilitiesGrp/BOYAmt02546595
IRS990/OtherLiabilitiesGrp/EOYAmt02195824
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03570
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03570
IRS990/OtherRevenueTotalAmt03570
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0106609
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0438845
IRS990/OtherSalariesAndWagesGrp/TotalAmt0545454
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09291
IRS990/PayrollTaxesGrp/ProgramServicesAmt038247
IRS990/PayrollTaxesGrp/TotalAmt047538
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt019470
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt080146
IRS990/PensionPlanContributionsGrp/TotalAmt099616
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt047168
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0467
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0953
IRS990/PrincipalOfficerNm0KEVIN JOHNSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01149561
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt065
IRS990/PYOtherExpensesAmt0380354
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010800
IRS990/PYRevenuesLessExpensesAmt0-68940
IRS990/PYSalariesCompEmpBnftPaidAmt0849012
IRS990/PYTotalExpensesAmt01229366
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01160426
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-50125
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03570
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050118
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050193
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025516
IRS990ScheduleD/ExpensesNotReportedAmt0-217623
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01191666
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013161
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt060604
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt073765
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0356222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1294990
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT TO USE LEASED ASSETS NET OF AMORTIZATION
IRS990ScheduleD/OtherExpensesIncludedAmt0-217623
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04996
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt064425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt069421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0663314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1431804
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2322834
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3777872
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01141541
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RETIREMENT EXPENSE & PENSION VALUE ADJUSTMENT TO 990 PART XI -217,623.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018157
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0651212
IRS990ScheduleD/TotalExpensesPerForm990Amt01191666
IRS990ScheduleD/TotalLiabilityAmt02195824
IRS990ScheduleD/TotalRevenuePerForm990Amt01141541
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01141541
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0974043
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WILMINGTON PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION, AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL STUDENT RECRUITMENT MATERIALS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WILMINGTON PREPARATORY ACADEMY IS A NORTH CAROLINA CHARTER SCHOOL FUNDED PRIMARILY BY STATE AND LOCAL GOVERNMENT. IT ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE SCHOOL PRINCIPAL, ACCOUNTANT, AND BOARD CHAIR. IT IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THROUGH OPEN DISCUSSION AT BOARD MEETINGS AND REVIEW OF THE POLICY, ALL STAFF MEMBERS COMPLETE A WRITTEN CONFLICT OF INTEREST POLICY ACKNOWLEDGMENT ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD APPROVES COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL AS PART OF THE ANNUAL BUDGET. THE NC STATE SALARY SCHEDULE IS UTILIZED AS A REFERENCE POINT. THE BOARD APPROVES ALL COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. THE BOARD TREASURER'S COMPENSATION IS BASED ON HER STATUS AS AN EMPLOYEE; SHE IS NOT COMPENSATED FOR SERVING ON THE BOARD. THE NC STATE SALARY SCHEDULE IS UTILIZED AS A REFERENCE POINT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S MAIN OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETIREMENT EXPENSES & PENSION VALUE ADJUSTMENT 217,623.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01110522
IRS990/TotalAssetsEOYAmt0932873
IRS990/TotalAssetsGrp/BOYAmt01110522
IRS990/TotalAssetsGrp/EOYAmt0932873
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01137896
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232912
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0958754
IRS990/TotalFunctionalExpensesGrp/TotalAmt01191666
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02573382
IRS990/TotalLiabilitiesEOYAmt02228235
IRS990/TotalLiabilitiesGrp/BOYAmt02573382
IRS990/TotalLiabilitiesGrp/EOYAmt02228235
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1462860
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1295362
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0958754
IRS990/TotalReportableCompFromOrgAmt0109494
IRS990/TotalRevenueGrp/ExclusionAmt075
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03570
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01141541
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01110522
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0932873
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02987
IRS990/TravelGrp/ProgramServicesAmt012297
IRS990/TravelGrp/TotalAmt015284
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0134 CINEMA DRIVE
IRS990/USAddress/CityNm0WILMINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028403

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