Civic Intelligence

Ledyard Charter School of Lebanon

990 • Fiscal year 2021 • EIN 26-0376015

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 05, 2022

Organization Profilewww.ledyardcharterschool.net
PO Box 327Lebanon, NH 03766

(603) 448-1634

Siviq Scores

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

Liabilities / Assets

90th percentile

0.78x

Higher debt load relative to assets than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

1.44x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

58th percentile

18%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

64th percentile

$86,253

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

99th percentile

467%

Faster asset growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

34%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$1,447,930

Up $1,410,491 (+3767%) from 2011

Net Assets

Up

$323,954

Up $299,014 (+1199%) from 2011

Liabilities

Up

$1,123,976

Up $1,111,477 (+8893%) from 2011

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin58th percentile

Revenue

Up

$777,857

Up $586,680 (+307%) from 2011

Expenses

Up

$641,707

Up $431,935 (+206%) from 2011

Net Income

Up

$136,150

Up $154,745 (+832%) from 2011

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $54,819Liabilities 2010: $11,284Net Assets 2010: $43,5352010Assets 2011: $37,439Liabilities 2011: $12,499Net Assets 2011: $24,9402011Assets 2021: $1,447,930Liabilities 2021: $1,123,976Net Assets 2021: $323,9542021Assets 2022: $1,489,170Liabilities 2022: $1,235,140Net Assets 2022: $254,0302022Assets 2024: $1,626,354Liabilities 2024: $1,190,538Net Assets 2024: $435,8162024

Highlighted filing

2021

Assets$1,447,930
Liabilities$1,123,976
Net Assets$323,954
Open 2021 Filing

Operations Trend

Revenue Growth68th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $170,541Expenses 2010: $179,179Net Income 2010: -$8,6382010Revenue 2011: $191,177Expenses 2011: $209,772Net Income 2011: -$18,5952011Revenue 2021: $777,857Expenses 2021: $641,707Net Income 2021: $136,1502021Revenue 2022: $665,301Expenses 2022: $735,225Net Income 2022: -$69,9242022Revenue 2024: $1,016,042Expenses 2024: $852,551Net Income 2024: $163,4912024

Highlighted filing

2021

Revenue$777,857
Expenses$641,707
Net Income$136,150
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 5, 2022
Return Version
2020v4.1
Gross Receipts
$777,857
Mission and Program Overview

Mission

The mission of Ledyard Charter School is to prepare students for the world by actively engaging them in rigorous and relevant learning within a community of adult metnors. The School incorporates current and best practices and re-inspires reluctatn and disengaged learners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$30,294$1,373,603▲ $1,343,309
Savings and Temporary Cash Investments$164,190$57,075▼ $107,115
Pledges and Grants Receivable$18,713$17,211▼ $1,502
Cash and Non-Interest-Bearing Accounts$41$41→ $0
Total Assets$255,434$1,447,930▲ $1,192,496
Other Assets Total$42,196--
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,118,881-
Other Liabilities$64,425--
Accounts Payable and Accrued Expenses$3,205$5,095▲ $1,890
Total Liabilities$67,630$1,123,976▲ $1,056,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$187,804$323,954▲ $136,150
Total Net Assets Fund Balance$187,804$323,954▲ $136,150
Total Liabilities and Net Assets / Fund Balance$255,434$1,447,930▲ $1,192,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,350,205$16,520$1,366,725
Equipment$23,398$63,044$86,442
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John HigginsExecutive DirectorFT$86,253$86,253

Board Members and Trustees

NameTitle
Michael HarrisChair
Justin CampbellVice Chair
Bethany SolomonMember
Frank GouldMember
Kim GriffinMember
Lucretia WitteMember
Melissa GahertyMember
Liz BaileySecretary
Jonathan MaslandTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$776,504
Program Service Revenue
$867
Investment Income
$486
Other Revenue
$0
All Other Contributions
$237,749
Change in Net Assets
$136,150

Audited Revenue Reconciliation

Revenue per Audited Statements
$777,857
Total Revenue per Audited Statements
$777,857
Total Revenue per Form 990
$777,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$450,104
Other Expenses$191,603
Total Fundraising Expense$828
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$277,884--$277,884
Occupancy$91,861--$91,861
Current Officers, Directors, Trustees, and Key Employees$86,253--$86,253
Payroll Taxes$32,698--$32,698
Other Employee Benefits$32,526--$32,526
Depreciation Depletion-$23,416-$23,416
Pension Plan Contributions$20,743--$20,743
Office Expenses-$10,717-$10,717
Fees for Services Accounting-$8,720-$8,720
All Other Expenses$398$3,712$828$4,938
Fees for Services Other-$1,795-$1,795
Insurance$1,334--$1,334
Other Expenses$868$3,698-$868
Conferences and Meetings-$180-$180
Travel-$25-$25
Interest-$10-$10
Total Functional Expenses$588,606$52,273$828$641,707

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$641,707
Total Expenses per Audited Statements$641,707
Total Expenses per Form 990$641,707
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-
SBA Payroll Protection Program Loan-
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 schedule 990 is distributed amongst the board for final approval prior to filing.”

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

“The organization maintains a conflict of interst and ethics policy as part of their by laws. Additionally the organization requires all key employees and board members to sign an annual ethics commitment and disclose from. These documents are maintained for future review.”

Form 990, Part VI, Section B, Line 15B

“All compensation for officers and key employees is determined and reviewed by the board during annual budget planning meetings and executive sessions.”

Form 990, Part VI, Section C, Line 19

“The organizations governing documents, conflict of interest policy, and financial statements are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Ledyard Charter School
EIN
26-0376015
Phone
6034481634
Address
PO BOX 327, LEBANON, NH 03766

Signing Officer

Name
Michael Harris
Title
Chair Board of Directors
Signed
2022-01-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Harris
Formed
2007
Legal Domicile
Nh
Voting Board Members
9
Independent Board Members
9
Employees
11

Preparer

Firm
Rowley & Associates PC
Address
46 N State Street, Concord, NH 03301
Preparer
Eric Rowley
Phone
6032285400
Supplemental Narrative

Financial Statement Notes

X 2

“The School has been notified by the Internal Revenue Service that it is exempt from federal income tax under Section 501c 3 of the Internal Revenue Code. The School is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the School are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The School follows guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.”

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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0867
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0164190
IRS990/SavingsAndTempCashInvstGrp/EOYAmt057075
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01350205
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016520
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01366725
IRS990ScheduleD/EquipmentGrp/BookValueAmt023398
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt086442
IRS990ScheduleD/ExpensesSubtotalAmt0641707
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SBA Payroll Protection Program Loan
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0777857
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The School has been notified by the Internal Revenue Service that it is exempt from federal income tax under Section 501c 3 of the Internal Revenue Code. The School is further classified as an organization that is not a private foundation under Section 509a3 of the Code. The most significant tax positions of the School are its assertion that it is exempt from income taxes and its determination of whether any amounts are subject to unrelated business tax UBIT. The School follows guidance of Accounting Standards Codification ASC 740, Accounting for Income Taxes, related to uncertain income taxes, which prescribes a threshold of more likely than not for recognition of tax positions taken or expected to be taken in a tax return. All significant tax positions have been considered by management. It has been determined that it is more likely than not that all tax positions would be sustained upon examination by taxing authorities. Accordingly, no provision for income taxes has been recorded.
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01373603
IRS990ScheduleD/TotalExpensesPerForm990Amt0641707
IRS990ScheduleD/TotalRevenuePerForm990Amt0777857
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0777857
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0641707
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The schedule 990 is distributed amongst the board for final approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization maintains a conflict of interst and ethics policy as part of their by laws. Additionally the organization requires all key employees and board members to sign an annual ethics commitment and disclose from. These documents are maintained for future review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation for officers and key employees is determined and reviewed by the board during annual budget planning meetings and executive sessions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organizations governing documents, conflict of interest policy, and financial statements are made available 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 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01447930
IRS990/TotalAssetsGrp/BOYAmt0255434
IRS990/TotalAssetsGrp/EOYAmt01447930
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IRS990/TotalContributionsAmt0776504
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0828
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052273
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0588606
IRS990/TotalFunctionalExpensesGrp/TotalAmt0641707
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt067630
IRS990/TotalLiabilitiesEOYAmt01123976
IRS990/TotalLiabilitiesGrp/BOYAmt067630
IRS990/TotalLiabilitiesGrp/EOYAmt01123976
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0187804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0323954
IRS990/TotalProgramServiceExpensesAmt0588606
IRS990/TotalProgramServiceRevenueAmt0867
IRS990/TotalReportableCompFromOrgAmt086253
IRS990/TotalRevenueGrp/ExclusionAmt0486
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0867
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0777857
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0255434
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01447930
IRS990/TravelGrp/ManagementAndGeneralAmt025
IRS990/TravelGrp/TotalAmt025
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0Chair
IRS990/USAddress/CityNm0Etna
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003750
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.ledyardcharterschool.net
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Harris
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair Board of Directors
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEDYARD CHARTER SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0LEDY
ReturnHeader/Filer/EIN0260376015
ReturnHeader/Filer/PhoneNum06034481634
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 327

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,447,930
Liabilities
$1,123,976
Net assets
$323,954
Revenue
$777,857
Expenses
$641,707
Net income
$136,150
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$1.19$0.44$1.02$0.85$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$1.24$0.25$0.67$0.74$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.45$1.12$0.32$0.78$0.64$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.02$0.19$0.21$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.01$0.04$0.17$0.18$0.01