Civic Intelligence

Brashier Middle College Charter High School Inc.

990 • Fiscal year 2015 • EIN 20-2741072

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 05, 2016

PO Box 5616 Mailstop 2012Greenville, SC 29606-5616

(864) 757-1810

Siviq Scores

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

Liabilities / Assets

56th percentile

0.15x

Higher debt load relative to assets than 56% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

81st percentile

22%

Higher net margin than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

83rd percentile

23%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

45th percentile

1.5%

Faster revenue growth than 45% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,149,790

Up $397,669 (+23%) from 2014

Net Assets

Up

$1,833,043

Up $747,467 (+69%) from 2014

Liabilities

Down

$316,747

Down $349,798 (-52%) from 2014

Revenue

Up

$3,382,341

Up $51,250 (+1.5%) from 2014

Expenses

Down

$2,634,874

Down $394,210 (-13%) from 2014

Net Income

Up

$747,467

Up $445,460 (+147%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $844,049Liabilities 2010: $511,747Net Assets 2010: $332,3022010Assets 2011: $1,033,523Liabilities 2011: $535,807Net Assets 2011: $497,7162011Assets 2012: $1,178,538Liabilities 2012: $632,172Net Assets 2012: $546,3662012Assets 2013: $1,437,824Liabilities 2013: $654,255Net Assets 2013: $783,5692013Assets 2014: $1,752,121Liabilities 2014: $666,545Net Assets 2014: $1,085,5762014Assets 2015: $2,149,790Liabilities 2015: $316,747Net Assets 2015: $1,833,0432015Assets 2016: $2,374,610Liabilities 2016: $317,449Net Assets 2016: $2,057,1612016Assets 2017: $2,416,402Liabilities 2017: $309,951Net Assets 2017: $2,106,4512017Assets 2018: $2,714,432Liabilities 2018: $329,075Net Assets 2018: $2,385,3572018Assets 2019: $3,323,667Liabilities 2019: $504,699Net Assets 2019: $2,818,9682019Assets 2020: $3,741,768Liabilities 2020: $414,144Net Assets 2020: $3,327,6242020Assets 2021: $4,129,543Liabilities 2021: $452,319Net Assets 2021: $3,677,2242021Assets 2022: $4,517,042Liabilities 2022: $522,976Net Assets 2022: $3,994,0662022Assets 2023: $4,743,187Liabilities 2023: $600,677Net Assets 2023: $4,142,5102023Assets 2024: $5,835,813Liabilities 2024: $722,466Net Assets 2024: $5,113,3472024

Highlighted filing

2015

Assets$2,149,790
Liabilities$316,747
Net Assets$1,833,043

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2010: $2,399,7542010Expenses 2011: $2,503,2802011Expenses 2012: $2,591,8522012Expenses 2013: $2,691,0212013Revenue 2014: $3,331,091Expenses 2014: $3,029,084Net Income 2014: $302,0072014Revenue 2015: $3,382,341Expenses 2015: $2,634,874Net Income 2015: $747,4672015Revenue 2016: $3,488,202Expenses 2016: $3,264,084Net Income 2016: $224,1182016Revenue 2017: $3,358,911Expenses 2017: $3,309,621Net Income 2017: $49,2902017Revenue 2018: $3,972,131Expenses 2018: $3,693,224Net Income 2018: $278,9072018Revenue 2019: $4,480,563Expenses 2019: $4,046,950Net Income 2019: $433,6132019Revenue 2020: $4,630,687Expenses 2020: $4,122,033Net Income 2020: $508,6542020Revenue 2021: $4,912,878Expenses 2021: $4,563,278Net Income 2021: $349,6002021Revenue 2022: $5,053,676Expenses 2022: $4,736,836Net Income 2022: $316,8402022Revenue 2023: $5,501,095Expenses 2023: $5,348,904Net Income 2023: $152,1912023Revenue 2024: $6,244,282Expenses 2024: $5,277,191Net Income 2024: $967,0912024

Highlighted filing

2015

Revenue$3,382,341
Expenses$2,634,874
Net Income$747,467
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 5, 2016
Return Version
2014v6.0
Gross Receipts
$3,382,341
Mission and Program Overview

Mission

Public charter high school education

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,085,576$1,833,043▲ $747,467
Savings and Temporary Cash Investments$1,528,627$1,711,364▲ $182,737
Accounts Receivable$55,637$238,513▲ $182,876
Land, Buildings, and Equipment, Net$109,359$135,967▲ $26,608
Prepaid Expenses and Deferred Charges$58,498$63,946▲ $5,448
Total Assets$1,752,121$2,149,790▲ $397,669
Liabilities
Other Liabilities$394,134--
Accounts Payable and Accrued Expenses$268,087$283,003▲ $14,916
Deferred Revenue$4,324$33,744▲ $29,420
Total Liabilities$666,545$316,747▼ $349,798
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,085,576$1,833,043▲ $747,467
Total Liabilities and Net Assets / Fund Balance$1,752,121$2,149,790▲ $397,669

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$66,182$216,888-
Leasehold Improvements$69,785$16,936-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,379,128
Program Service Revenue
$0
Investment Income
$3,213
Other Revenue
$0
All Other Contributions
$38,903
Change in Net Assets
$747,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,382,341
Total Revenue per Audited Statements
$3,382,341
Total Revenue per Form 990
$3,382,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,423,533
Other Expenses$211,341
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,421,867$376,377$0$1,798,244
Occupancy$0$388,808$0$388,808
Pension Plan Contributions$210,071$56,222$0$266,293
Other Employee Benefits$197,617$29,763$0$227,380
Payroll Taxes$104,280$27,336$0$131,616
Office Expenses$639$23,484$0$24,123
Information Technology$22,530$0$0$22,530
Depreciation Depletion$10,544$11,407$0$21,951
Fees for Services Accounting$0$20,232$0$20,232
Travel$68$18,491$0$18,559
Insurance$9,518$2,518$0$12,036
Fees for Services Other$6,452$3,739$0$10,191
Other Expenses$0$2,419$0$2,419
All Other Expenses$-311,043$-81,275$0$-392,318
Total Functional Expenses$1,755,353$879,521$0$2,634,874

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,669,825
Expenses per Audited Statements$2,634,874
Total Expenses per Form 990$2,634,874
Expenses Not Reported on Form 990$34,951
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
Accrued Sick Leave-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Brashier Middle College Charter Hs
EIN
20-2741072
Phone
8647571810
Address
PO BOX 5616 MAILSTOP 2012, GREENVILLE, SC 29606-5616

Signing Officer

Name
Michael Sinclair
Title
Principal
Phone
8647571810
Signed
2016-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sinclair
Formed
2005
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
11
Employees
62
Volunteers
25

Preparer

Firm
Edward B Snow
Address
209 Ackerman Ct, Greenville, SC 29607
Preparer
Edward B Snow
Phone
8642300040
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The form 990 is carefully prepared by the business

Pt VI, Line 11B

Manager and is then reviewed by the schools principal.

Pt VI, Line 11B

It is available upon request to board members and anyone else.

Pt VI, Line 15B

A review of the principal is conducted annually by

Pt VI, Line 15A

The executive board and compensation for the principal

Pt VI, Line 15A

For the next school year is based on the review.

Form 990, Part IX, Line 24F

Accrued medical -394134. -311043. -83091. Dues and fees 1816. 0. 1816.

Financial Statement Notes

Pt XII, Line 2D

Cost of pension benefits earned net of employee contributionsis reported as a pension expense.

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027336
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104280
IRS990/PayrollTaxesGrp/TotalAmt0131616
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt056222
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0210071
IRS990/PensionPlanContributionsGrp/TotalAmt0266293
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt058498
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063946
IRS990/PrincipalOfficerNm0MICHAEL SINCLAIR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03324818
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06273
IRS990/PYOtherExpensesAmt0676657
IRS990/PYRevenuesLessExpensesAmt0302007
IRS990/PYSalariesCompEmpBnftPaidAmt02352427
IRS990/PYTotalExpensesAmt03029084
IRS990/PYTotalRevenueAmt03331091
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0747467
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01085576
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01833043
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01528627
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01711364
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
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/EquipmentGrp/BookValueAmt066182
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0216888
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0283070
IRS990ScheduleD/ExpensesNotReportedAmt034951
IRS990ScheduleD/ExpensesSubtotalAmt02634874
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt069785
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt016936
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt086721
IRS990ScheduleD/OtherExpensesIncludedAmt034951
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED SICK LEAVE
IRS990ScheduleD/RevenueSubtotalAmt03382341
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF PENSION BENEFITS EARNED NET OF EMPLOYEE CONTRIBUTIONSIS REPORTED AS A PENSION EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0135967
IRS990ScheduleD/TotalExpensesPerForm990Amt02634874
IRS990ScheduleD/TotalRevenuePerForm990Amt03382341
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03382341
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02669825
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/ExplanationTxt0INFORMATION IS PROVIDED ON THE SCHOOL WEBSITE. THE SCHOOL IS A PUBLIC SCHOOL AND ABIDES BY ALL FEDERAL AND STATE REGULATIONS REGARDING DISCRIMINATION. NO ADDITIONAL ROOM NEEDED
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1PUBLIC CHARTER SCHOOLS RECEIVE GOVERNMENTAL FUNDING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS CAREFULLY PREPARED BY THE BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGER AND IS THEN REVIEWED BY THE SCHOOLS PRINCIPAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS AVAILABLE UPON REQUEST TO BOARD MEMBERS AND ANYONE ELSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A REVIEW OF THE PRINCIPAL IS CONDUCTED ANNUALLY BY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE BOARD AND COMPENSATION FOR THE PRINCIPAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOR THE NEXT SCHOOL YEAR IS BASED ON THE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ACCRUED MEDICAL -394134. -311043. -83091. DUES AND FEES 1816. 0. 1816.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01752121
IRS990/TotalAssetsEOYAmt02149790
IRS990/TotalAssetsGrp/BOYAmt01752121
IRS990/TotalAssetsGrp/EOYAmt02149790
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03379128
IRS990/TotalEmployeeCnt062
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0879521
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01755353
IRS990/TotalFunctionalExpensesGrp/TotalAmt02634874
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0666545
IRS990/TotalLiabilitiesEOYAmt0316747
IRS990/TotalLiabilitiesGrp/BOYAmt0666545
IRS990/TotalLiabilitiesGrp/EOYAmt0316747
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01085576
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01833043
IRS990/TotalProgramServiceExpensesAmt01755353
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03213
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03382341
IRS990/TotalVolunteersCnt025

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.84$0.72$5.11$6.24$5.28$0.97
2023Detailed filing. Detailed filing data is available for this year.$4.74$0.60$4.14$5.50$5.35$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.52$0.52$3.99$5.05$4.74$0.32
2021Detailed filing. Detailed filing data is available for this year.$4.13$0.45$3.68$4.91$4.56$0.35
2020Detailed filing. Detailed filing data is available for this year.$3.74$0.41$3.33$4.63$4.12$0.51
2019Detailed filing. Detailed filing data is available for this year.$3.32$0.50$2.82$4.48$4.05$0.43
2018Summary only. Only limited summary data is available for this year.$2.71$0.33$2.39$3.97$3.69$0.28
2017Detailed filing. Detailed filing data is available for this year.$2.42$0.31$2.11$3.36$3.31$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.37$0.32$2.06$3.49$3.26$0.22
2015Detailed filing. Detailed filing data is available for this year.$2.15$0.32$1.83$3.38$2.63$0.75
2014Detailed filing. Detailed filing data is available for this year.$1.75$0.67$1.09$3.33$3.03$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.65$0.78$2.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.63$0.55$2.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.54$0.50$2.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.51$0.33$2.40