Civic Intelligence

Wayne Preparatory Academy Charter School Inc

EIN 26-4207236 • 501(c)3 • Goldsboro, NC

Profile

To operate a charter school in north carolina

600 Tommys RoadGoldsboro, NC 27530

www.wayneprepnc.org

Siviq Scores

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

Liabilities / Assets

89th percentile

1.01x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

1.68x

Higher debt load relative to revenue than 80% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

24th percentile

-4.4%

Higher net margin than 24% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$112,061

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

13th percentile

-9.2%

Faster asset growth than 13% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-4.0%

Faster revenue growth than 20% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$17,039,576

Down $1,730,980 (-9.2%) from 2023

Liabilities

Down

$17,227,310

Down $1,283,464 (-6.9%) from 2023

Net Assets

Down

-$187,734

Down $447,516 (-172%) from 2023

Revenue

Down

$10,263,334

Down $430,070 (-4.0%) from 2023

Expenses

Down

$10,710,849

Down $646,504 (-5.7%) from 2023

Net Income

Up

-$447,515

Up $216,434 (+33%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2015: $64,790Liabilities 2015: $427,444Net Assets 2015: -$362,6542015Assets 2016: $298,078Liabilities 2016: $14,949Net Assets 2016: $283,1292016Assets 2017: $560,531Liabilities 2017: $37,093Net Assets 2017: $523,4382017Assets 2018: $888,471Liabilities 2018: $182,206Net Assets 2018: $706,2652018Assets 2019: $971,307Liabilities 2019: $230,552Net Assets 2019: $740,7552019Assets 2020: $1,541,607Liabilities 2020: $258,732Net Assets 2020: $1,282,8752020Assets 2021: $1,732,242Liabilities 2021: $498,550Net Assets 2021: $1,233,6922021Assets 2022: $20,651,662Liabilities 2022: $19,727,931Net Assets 2022: $923,7312022Assets 2023: $18,770,556Liabilities 2023: $18,510,774Net Assets 2023: $259,7822023Assets 2024: $17,039,576Liabilities 2024: $17,227,310Net Assets 2024: -$187,7342024

Highlighted filing

2024

Assets$17,039,576
Liabilities$17,227,310
Net Assets-$187,734

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2015: $4,002,576Expenses 2015: $4,365,230Net Income 2015: -$362,6542015Revenue 2016: $6,694,096Expenses 2016: $6,048,313Net Income 2016: $645,7832016Revenue 2017: $4,592,629Expenses 2017: $4,352,320Net Income 2017: $240,3092017Revenue 2018: $4,310,399Expenses 2018: $4,127,572Net Income 2018: $182,8272018Revenue 2019: $5,759,081Expenses 2019: $5,724,591Net Income 2019: $34,4902019Revenue 2020: $7,283,996Expenses 2020: $6,741,876Net Income 2020: $542,1202020Revenue 2021: $8,325,995Expenses 2021: $8,375,177Net Income 2021: -$49,1822021Revenue 2022: $10,094,949Expenses 2022: $10,404,910Net Income 2022: -$309,9612022Revenue 2023: $10,693,404Expenses 2023: $11,357,353Net Income 2023: -$663,9492023Revenue 2024: $10,263,334Expenses 2024: $10,710,849Net Income 2024: -$447,5152024

Highlighted filing

2024

Revenue$10,263,334
Expenses$10,710,849
Net Income-$447,515

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 4, 2022
Return Version
2020v4.2
Gross Receipts
$8,325,995
Mission and Program Overview

Mission

To operate a charter school in north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,195,283$996,233▼ $199,050
Cash and Non-Interest-Bearing Accounts$1,207,355$774,774▼ $432,581
Land, Buildings, and Equipment, Net$87,592$237,459▲ $149,867
Pd in Cap Srpls Land Bldg Eqp Fund$87,592$237,459▲ $149,867
Prepaid Expenses and Deferred Charges$19,842$41,948▲ $22,106
Accounts Receivable$11,709$19,451▲ $7,742
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,541,607$1,732,242▲ $190,635
Other Assets Total$215,109$658,610▲ $443,501
Liabilities
Accounts Payable and Accrued Expenses$257,595$497,413▲ $239,818
Deferred Revenue$1,137$1,137→ $0
Total Liabilities$258,732$498,550▲ $239,818
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,282,875$1,233,692▼ $49,183
Total Liabilities and Net Assets / Fund Balance$1,541,607$1,732,242▲ $190,635

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$111,910$1,040-
Equipment$103,714$62,217-
Leasehold Improvements$21,835$4,525-
Other Assets Org$658,610--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John TwittyManaging DirectorFT$92,892$7,106$99,998

Board Members and Trustees

NameTitle
Amanda WellsBoard Chairman
Lou RoseVice Chairman
Charles GaylorBoard Secretary
Scott MackeyBoard Treasurer
Tommy KingBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,101,268
Program Service Revenue
$31,067
Investment Income
$0
Other Revenue
$193,660
All Other Contributions
$29,290
Change in Net Assets
$-49,182

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,325,995
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,325,995
Total Revenue per Form 990
$8,325,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,375,177
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
Other Expenses$1,803--$1,803
Total Functional Expenses$8,375,177$0$0$8,375,177

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,375,177
Total Expenses per Audited Statements$8,375,177
Total Expenses per Form 990$8,375,177
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 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
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 11B

A draft copy of the 990 return was provided for review and approval.

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

Each member of the board of directors signs a conflict of interest policy each year.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection at the organization's office upon request. Organization staff are available to provide supervision and answer any questions the inquiring party may have.

Filing and Contact Details

Filer

Filer Name
Wayne Preparatory Academy Inc
EIN
26-4207236
Phone
9197348035
Address
600 TOMMYS ROAD, GOLDSBORO, NC 27530

Signing Officer

Name
John Twitty
Title
Managing Director
Phone
9197348035
Signed
2022-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Twitty
Formed
2015
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
141
Volunteers
20

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -1.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML Appendix393 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES FEDERAL AND STATE ASSISTANCE THROUGH THE STATE BOARD OF EDUCATION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER OF THE BOARD OF DIRECTORS SIGNS A CONFLICT OF INTEREST POLICY EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST. ORGANIZATION STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0300826240
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.51990
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0TO DEVELOP A NEW SCHOOL FACILITY, HIRE AND MANAGE SCHOOL PERSONNEL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0WAYNE PREPARATORY ACADEMY LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0600 TOMMYS ROAD
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0GOLDSBORO
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd027530
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01541607
IRS990/TotalAssetsEOYAmt01732242
IRS990/TotalAssetsGrp/BOYAmt01541607
IRS990/TotalAssetsGrp/EOYAmt01732242
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08101268
IRS990/TotalEmployeeCnt0141
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08375177
IRS990/TotalFunctionalExpensesGrp/TotalAmt08375177
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0258732
IRS990/TotalLiabilitiesEOYAmt0498550
IRS990/TotalLiabilitiesGrp/BOYAmt0258732
IRS990/TotalLiabilitiesGrp/EOYAmt0498550
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01282875
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01233692
IRS990/TotalOtherCompensationAmt07106
IRS990/TotalProgramServiceExpensesAmt08375177
IRS990/TotalProgramServiceRevenueAmt031067
IRS990/TotalReportableCompFromOrgAmt092892
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0224727
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08325995
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01541607
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01732242
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 TOMMYS ROAD
IRS990/USAddress/CityNm0GOLDSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027530
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.WAYNEPREPNC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN TWITTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09197348035
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAYNE PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0WAYN
ReturnHeader/Filer/EIN0264207236
ReturnHeader/Filer/PhoneNum09197348035
ReturnHeader/Filer/USAddress/AddressLine1Txt0600 TOMMYS ROAD
ReturnHeader/Filer/USAddress/CityNm0GOLDSBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027530
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561220683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0POTTER & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0434 COPPERFIELD BLVD NE STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CONCORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028025
ReturnHeader/PreparerPersonGrp/PhoneNum07047868189
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KENNI E DOYLE CPA
ReturnHeader/ReturnTs02022-05-12T10:29:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TWITTY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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