Civic Intelligence

Wayne Preparatory Academy Charter School Inc

990 • Fiscal year 2019 • EIN 26-4207236

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 13, 2020

Organization ProfileWWW.WAYNEPREPNC.ORG
600 Tommys RoadGoldsboro, NC 27530

(919) 734-8035

Siviq Scores

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

Liabilities / Assets

44th percentile

0.24x

Higher debt load relative to assets than 44% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

22nd percentile

0.04x

Higher debt load relative to revenue than 22% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

40th percentile

0.6%

Higher net margin than 40% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$87,264

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

61st percentile

9.3%

Faster asset growth than 61% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

34%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$971,307

Up $82,836 (+9.3%) from 2018

Net Assets

Up

$740,755

Up $34,490 (+4.9%) from 2018

Liabilities

Up

$230,552

Up $48,346 (+27%) from 2018

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin40th percentile

Revenue

Up

$5,759,081

Up $1,448,682 (+34%) from 2018

Expenses

Up

$5,724,591

Up $1,597,019 (+39%) from 2018

Net Income

Down

$34,490

Down $148,337 (-81%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$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

2019

Assets$971,307
Liabilities$230,552
Net Assets$740,755
Open 2019 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$5,759,081
Expenses$5,724,591
Net Income$34,490
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 13, 2020
Return Version
2018v3.2
Gross Receipts
$5,759,081
Mission and Program Overview

Mission

To operate a charter school in north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$729,378$827,156▲ $97,778
Rtn Earn Endowment Incm Other Fnds$663,289$664,939▲ $1,650
Land, Buildings, and Equipment, Net$42,976$75,816▲ $32,840
Pd in Cap Srpls Land Bldg Eqp Fund$42,976$75,816▲ $32,840
Accounts Receivable$47,392$64,275▲ $16,883
Prepaid Expenses and Deferred Charges$68,725$4,060▼ $64,665
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$888,471$971,307▲ $82,836
Liabilities
Accounts Payable and Accrued Expenses$182,206$229,381▲ $47,175
Deferred Revenue$0$1,171▲ $1,171
Total Liabilities$182,206$230,552▲ $48,346
Net Assets / Fund Balance
Total Net Assets Fund Balance$706,265$740,755▲ $34,490
Total Liabilities and Net Assets / Fund Balance$888,471$971,307▲ $82,836

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,375$8,941-
Equipment$46,039$19,844-
Leasehold Improvements$18,402$1,198-
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
John TwittyManaging DirectorFT$87,264$87,264

Board Members and Trustees

NameTitle
Amanda WellsBoard Chairman
Glen BarfieldBoard Attorney
Brett FarmerBoard Member
Scott MackeyBoard Member
Lou RoseBoard Secretary
Tommy KingBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,415,628
Program Service Revenue
$132,915
Investment Income
$0
Other Revenue
$210,538
All Other Contributions
$57,613
Change in Net Assets
$34,490

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,759,081
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,759,081
Total Revenue per Form 990
$5,759,081
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,390,843
Other Expenses$2,333,748
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,301,276$406,107-$2,707,383
Occupancy-$1,293,153-$1,293,153
Other Employee Benefits$302,140$53,319-$355,459
Payroll Taxes$181,394$32,011-$213,405
All Other Expenses$191,243$4,633-$195,876
Other Expenses$177,588$154,009-$177,588
Current Officers, Directors, Trustees, and Key Employees-$87,264-$87,264
Insurance-$32,917-$32,917
Office Expenses-$28,489-$28,489
Pension Plan Contributions$23,232$4,100-$27,332
Depreciation Depletion$10,196$1,133-$11,329
Travel-$750-$750
Total Functional Expenses$3,414,483$2,310,108$0$5,724,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,724,591
Total Expenses per Audited Statements$5,724,591
Total Expenses per Form 990$5,724,591
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 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
2020-07-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Twitty
Formed
2015
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
124
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 XII, LINE 2C:

“The process has not changed from prior years.”

Raw XML AppendixShowing 400 of 428 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/TotalBookValueLandBuildingsAmt075816
IRS990ScheduleD/TotalExpensesPerForm990Amt05724591
IRS990ScheduleD/TotalRevenuePerForm990Amt05759081
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05759081
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05724591
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/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.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 RETURN WAS PROVIDED FOR REVIEW AND APPROVAL.
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/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
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 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0888471
IRS990/TotalAssetsEOYAmt0971307
IRS990/TotalAssetsGrp/BOYAmt0888471
IRS990/TotalAssetsGrp/EOYAmt0971307
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05415628
IRS990/TotalEmployeeCnt0124
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02310108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03414483
IRS990/TotalFunctionalExpensesGrp/TotalAmt05724591
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0182206
IRS990/TotalLiabilitiesEOYAmt0230552
IRS990/TotalLiabilitiesGrp/BOYAmt0182206
IRS990/TotalLiabilitiesGrp/EOYAmt0230552
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0706265
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0740755
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt03414483
IRS990/TotalProgramServiceRevenueAmt0132915
IRS990/TotalReportableCompFromOrgAmt087264
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0343453
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05759081
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0888471
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0971307
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0750
IRS990/TravelGrp/TotalAmt0750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0600 TOMMYS ROAD
IRS990/USAddress/CityNm0GOLDSBORO
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027530
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.WAYNEPREPNC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN TWITTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09197348035
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-13

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$971,307
Liabilities
$230,552
Net assets
$740,755
Revenue
$5,759,081
Expenses
$5,724,591
Net income
$34,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$17.2$0.19$10.3$10.7$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.8$18.5$0.26$10.7$11.4$0.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$19.7$0.92$10.1$10.4$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.50$1.23$8.33$8.38$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.26$1.28$7.28$6.74$0.54
2019Detailed filing. Detailed filing data is available for this year.$0.97$0.23$0.74$5.76$5.72$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.18$0.71$4.31$4.13$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.04$0.52$4.59$4.35$0.24
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.28$6.69$6.05$0.65
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.43$0.36$4.00$4.37$0.36