Civic Intelligence

Central Academy at Lake Park

990 • Fiscal year 2016 • EIN 26-2048029

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

Organization ProfileWWW.CALPNC.ORG
3624 Lake Park RoadIndian Trail, NC 28079

(704) 882-6267

Siviq Scores

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

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

32nd percentile

-3.6%

Higher net margin than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

19th percentile

-6.0%

Faster asset growth than 19% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$2,853,563

Down $183,603 (-6.0%) from 2015

Net Assets

Down

$2,816,870

Down $73,489 (-2.5%) from 2015

Liabilities

Down

$36,693

Down $110,114 (-75%) from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin32nd percentile

Revenue

Up

$2,046,087

Up $282,788 (+16%) from 2015

Expenses

Up

$2,119,576

Up $232,511 (+12%) from 2015

Net Income

Up

-$73,489

Up $50,277 (+41%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,488,712Liabilities 2011: $0Net Assets 2011: $3,488,7122011Assets 2012: $3,694,846Liabilities 2012: $0Net Assets 2012: $3,694,8462012Assets 2013: $3,248,393Liabilities 2013: $154,793Net Assets 2013: $3,093,6002013Assets 2014: $3,197,019Liabilities 2014: $182,894Net Assets 2014: $3,014,1252014Assets 2015: $3,037,166Liabilities 2015: $146,807Net Assets 2015: $2,890,3592015Assets 2016: $2,853,563Liabilities 2016: $36,693Net Assets 2016: $2,816,8702016Assets 2017: $2,769,288Liabilities 2017: $0Net Assets 2017: $2,769,2882017Assets 2018: $2,769,288Liabilities 2018: $0Net Assets 2018: $2,769,2882018

Highlighted filing

2016

Assets$2,853,563
Liabilities$36,693
Net Assets$2,816,870
Open 2016 Filing

Operations Trend

Revenue Growth73rd percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,533,7102011Expenses 2012: $1,464,0502012Expenses 2013: $1,814,6282013Revenue 2014: $1,643,726Expenses 2014: $1,723,201Net Income 2014: -$79,4752014Revenue 2015: $1,763,299Expenses 2015: $1,887,065Net Income 2015: -$123,7662015Revenue 2016: $2,046,087Expenses 2016: $2,119,576Net Income 2016: -$73,4892016Revenue 2017: $36,693Expenses 2017: $84,275Net Income 2017: -$47,5822017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018

Highlighted filing

2016

Revenue$2,046,087
Expenses$2,119,576
Net Income-$73,489
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$2,046,087
Mission and Program Overview

Mission

PRIVATE EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,869,803$2,769,288▼ $100,515
Accounts Receivable$41,603$75,106▲ $33,503
Cash and Non-Interest-Bearing Accounts$125,760$9,169▼ $116,591
Total Assets$3,037,166$2,853,563▼ $183,603
Liabilities
Deferred Revenue$128,244$36,693▼ $91,551
Accounts Payable and Accrued Expenses$18,563--
Total Liabilities$146,807$36,693▼ $110,114
Net Assets / Fund Balance
Unrestricted Net Assets$2,890,359$2,816,870▼ $73,489
Total Net Assets Fund Balance$2,890,359$2,816,870▼ $73,489
Total Liabilities and Net Assets / Fund Balance$3,037,166$2,853,563▼ $183,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,032,781$623,997-
Land$604,385--
Equipment$132,122$374,203-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Greg BakerChairman of the Board
Brad CrottsTrustee
Evan AlbertynTrustee
Jim RobertsTrustee
Shelly YoungTrustee
Steve PostonTrustee
Tara MillardTrustee
Walter SikesTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,141,519
Program Service Revenue
$904,568
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,141,519
Change in Net Assets
$-73,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,342,246
Other Expenses$777,330
Total Fundraising Expense$11,808
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$948,241$270,557-$1,218,798
All Other Expenses$170,457$3,876$11,808$186,141
Insurance$171,285--$171,285
Other Employee Benefits$76,431$47,017-$123,448
Depreciation Depletion$90,464$10,052-$100,516
Information Technology$40,473--$40,473
Other Expenses$38,269$3,023-$38,269
Office Expenses$508$13,977-$14,485
Fees for Services Accounting-$3,435-$3,435
Advertising-$1,084-$1,084
Total Functional Expenses$1,699,018$408,750$11,808$2,119,576
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
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
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 11

“The form 990 is reviewed with the head of the school and the business manager before the return is filed to ensure correctness of information provided.”

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

“The conflict of interest policy is monitored through disclosures and is reviewed with the board annually.”

Form 990, Part VI, Section B, Line 15

“Compensation of key employees and officials of the organization are reviewed at least annually by the board of directors. The compensation is compared to that of other similar organizations and is also based on performance and merit. The process is documented in minutes of board meetings. Compensation of key employees is reviewed at least annually by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Central Academy at Lake Park
EIN
26-2048029
Phone
7048826267
Address
3624 LAKE PARK ROAD, INDIAN TRAIL, NC 28079

Signing Officer

Name
Terry E Moffitt
Title
Head of School
Phone
7048826267
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry E Moffitt
Formed
2008
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
31
Volunteers
100

Preparer

Firm
Potter & Company Pa
Address
114 N CHURCH STREET, MONROE, NC 28112
Preparer
Baxter W Starnes CPA
Phone
7042838189
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed since the prior year”

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the new accounting requirements associated with uncertain tax positions for the year ended june 30, 2015 and has evaluated its tax positions taken for all open tax years. Currently, the 2013, 2014 and 2015 tax years are open and subject to examination by the internal revenue service and north carolina department of revenue. However, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. As of june 30, 2011, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Additionally, the organization has no interest and penalties related to income taxes.”

Raw XML Appendix372 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE NEW ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2015 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE 2013, 2014 AND 2015 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND NORTH CAROLINA DEPARTMENT OF REVENUE. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. AS OF JUNE 30, 2011, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE ORGANIZATION HAS NO INTEREST AND PENALTIES RELATED TO INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02769288
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED WITH THE HEAD OF THE SCHOOL AND THE BUSINESS MANAGER BEFORE THE RETURN IS FILED TO ENSURE CORRECTNESS OF INFORMATION PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH DISCLOSURES AND IS REVIEWED WITH THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF KEY EMPLOYEES AND OFFICIALS OF THE ORGANIZATION ARE REVIEWED AT LEAST ANNUALLY BY THE BOARD OF DIRECTORS. THE COMPENSATION IS COMPARED TO THAT OF OTHER SIMILAR ORGANIZATIONS AND IS ALSO BASED ON PERFORMANCE AND MERIT. THE PROCESS IS DOCUMENTED IN MINUTES OF BOARD MEETINGS. COMPENSATION OF KEY EMPLOYEES IS REVIEWED AT LEAST ANNUALLY BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
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 XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03037166
IRS990/TotalAssetsEOYAmt02853563
IRS990/TotalAssetsGrp/BOYAmt03037166
IRS990/TotalAssetsGrp/EOYAmt02853563
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01141519
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011808
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0408750
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01699018
IRS990/TotalFunctionalExpensesGrp/TotalAmt02119576
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0146807
IRS990/TotalLiabilitiesEOYAmt036693
IRS990/TotalLiabilitiesGrp/BOYAmt0146807
IRS990/TotalLiabilitiesGrp/EOYAmt036693
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02890359
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02816870
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06638
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06638
IRS990/TotalProgramServiceExpensesAmt01699018
IRS990/TotalProgramServiceRevenueAmt0904568
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0904568
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02046087
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03037166
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02853563
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02890359
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02816870
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03624 LAKE PARK ROAD
IRS990/USAddress/CityNm0INDIAN TRAIL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028079
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.CALPNC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY E MOFFITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum07048826267
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL ACADEMY AT LAKE PARK
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0262048029
ReturnHeader/Filer/PhoneNum07048826267
ReturnHeader/Filer/USAddress/AddressLine1Txt03624 LAKE PARK ROAD
ReturnHeader/Filer/USAddress/CityNm0INDIAN TRAIL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028079
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561220683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POTTER & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0114 N CHURCH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONROE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028112
ReturnHeader/PreparerPersonGrp/PhoneNum07042838189
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BAXTER W STARNES CPA
ReturnHeader/ReturnTs02017-02-15T14:37:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,853,563
Liabilities
$36,693
Net assets
$2,816,870
Revenue
$2,046,087
Expenses
$2,119,576
Net income
-$73,489
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$0.00$0.00$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$0.04$0.08$0.05
2016Detailed filing. Detailed filing data is available for this year.$2.85$0.04$2.82$2.05$2.12$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.04$0.15$2.89$1.76$1.89$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.20$0.18$3.01$1.64$1.72$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.25$0.15$3.09$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.00$3.69$1.46
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.49$0.00$3.49$1.53