Civic Intelligence

Wayne Preparatory Academy Charter School Inc

990 • Fiscal year 2024 • EIN 26-4207236

Jul 01, 2023 to Jun 30, 2024 • Filed on May 07, 2025

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

89th percentile

1.01x

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

2024 filings • 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.

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

Net Margin

24th percentile

-4.4%

Higher net margin than 24% of similar nonprofits.

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

Top Officer Pay

34th percentile

$112,061

Higher top officer pay than 34% of similar nonprofits.

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

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

Asset Growth

11th percentile

-9.2%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

19th percentile

-4.0%

Faster revenue growth than 19% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$17,039,576

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

Net Assets

Down

-$187,734

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

Liabilities

Down

$17,227,310

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

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin24th percentile

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

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2024

Assets$17,039,576
Liabilities$17,227,310
Net Assets-$187,734
Open 2024 Filing

Operations Trend

Revenue Growth19th 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

2024

Revenue$10,263,334
Expenses$10,710,849
Net Income-$447,515
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$10,263,334
Mission and Program Overview

Mission

To operate a charter school in north carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$986,368$858,583▼ $127,785
Land, Buildings, and Equipment, Net$409,595$342,747▼ $66,848
Pd in Cap Srpls Land Bldg Eqp Fund$409,595$342,747▼ $66,848
Accounts Receivable$53,167$70,352▲ $17,185
Prepaid Expenses and Deferred Charges$54,602$35,899▼ $18,703
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-149,813$-530,481▼ $380,668
Total Assets$18,770,556$17,039,576▼ $1,730,980
Other Assets Total$17,266,824$15,731,995▼ $1,534,829
Liabilities
Other Liabilities$18,125,893$16,859,179▼ $1,266,714
Accounts Payable and Accrued Expenses$384,881$368,131▼ $16,750
Total Liabilities$18,510,774$17,227,310▼ $1,283,464
Net Assets / Fund Balance
Total Net Assets Fund Balance$259,782$-187,734▼ $447,516
Total Liabilities and Net Assets / Fund Balance$18,770,556$17,039,576▼ $1,730,980

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$236,647$224,247-
Leasehold Improvements$106,100$28,397-
Other Assets Org$15,731,995--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John TwittyManaging DirectorFT$104,100$7,961$112,061

Board Members and Trustees

NameTitle
Scott MackeyChair
Charles GaylorVice Chair
Cady StantonBoard Secretary
Amanda WellsMember at Large
Donna ScottTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wfcs Holdings LLCRent650 TOWN CENTER DRIVE SUITE 800, Costa Mesa, CA 92626$1,817,238
Acadia NorthstarAccounting191 N MAIN ST, Rutherfordton, NC 28139$103,500
Revenue and Support

Revenue Composition

Contributions and Grants
$9,919,560
Program Service Revenue
$93,649
Investment Income
$0
Other Revenue
$250,125
All Other Contributions
$133,217
Change in Net Assets
$-447,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,263,334
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$10,263,334
Total Revenue per Form 990
$10,263,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,710,849
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
Interest$359,785--$359,785
Other Expenses$35,780--$35,780
Total Functional Expenses$10,710,849$0$0$10,710,849

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,710,849
Total Expenses per Audited Statements$10,710,849
Total Expenses per Form 990$10,710,849
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Obligations$16,859,179
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 Drake
Title
Managing Director
Phone
9197348035
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Drake
Formed
2015
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
192
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Eric Smith
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING ADJUSTMENT -1.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school and the lp have adopted asc 740-10 as it relates to uncertain tax positions for the year ended june 30, 2024 and have evaluated their tax positions taken for all open tax years. However, neither the school nor the lp are currently under audit nor has the school or lp been contacted by these jurisdictions. Based on the evaluation of the school and lp's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2024.”

Raw XML AppendixShowing 400 of 445 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0384881
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0368131
IRS990/AccountsReceivableGrp/BOYAmt053167
IRS990/AccountsReceivableGrp/EOYAmt070352
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA
IRS990/AllOtherContributionsAmt0133217
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum09197348085
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0600 TOMMYS ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0GOLDSBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027530
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0986368
IRS990/CashNonInterestBearingGrp/EOYAmt0858583
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt01817238
IRS990/ContractorCompensationGrp/CompensationAmt1103500
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0650 TOWN CENTER DRIVE SUITE 800
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1191 N MAIN ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0COSTA MESA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1RUTHERFORDTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd092626
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd128139
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0WFCS HOLDINGS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ACADIA NORTHSTAR
IRS990/ContractorCompensationGrp/ServicesDesc0RENT
IRS990/ContractorCompensationGrp/ServicesDesc1ACCOUNTING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09919560
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt010710849
IRS990/CYOtherRevenueAmt0250125
IRS990/CYProgramServiceRevenueAmt093649
IRS990/CYRevenuesLessExpensesAmt0-447515
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt010710849
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010263334
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE FACILITIES, TEACHERS, AND MATERIALS TO STUDENTS ENROLLED AT A PUBLIC CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0192
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt010710849
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt57961
IRS990/Form990PartVIISectionAGrp/PersonNm0AMANDA WELLS
IRS990/Form990PartVIISectionAGrp/PersonNm1SCOTT MACKEY
IRS990/Form990PartVIISectionAGrp/PersonNm2CHARLES GAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm3CADY STANTON
IRS990/Form990PartVIISectionAGrp/PersonNm4DONNA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN TWITTY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5104100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MANAGING DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt09786343
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010263334
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0359785
IRS990/InterestGrp/TotalAmt0359785
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0252644
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0409595
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0342747
IRS990/LandBldgEquipCostOrOtherBssAmt0595391
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0259782
IRS990/NetAssetsOrFundBalancesEOYAmt0-187734
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017266824
IRS990/OtherAssetsTotalGrp/EOYAmt015731995
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL EXPENSE
IRS990/OtherExpensesGrp/Desc1SUPPORT SERVICE EXPENSE
IRS990/OtherExpensesGrp/Desc2CHILD CARE EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt09063874
IRS990/OtherExpensesGrp/ProgramServicesAmt11251410
IRS990/OtherExpensesGrp/ProgramServicesAmt235780
IRS990/OtherExpensesGrp/TotalAmt09063874
IRS990/OtherExpensesGrp/TotalAmt11251410
IRS990/OtherExpensesGrp/TotalAmt235780
IRS990/OtherLiabilitiesGrp/BOYAmt018125893
IRS990/OtherLiabilitiesGrp/EOYAmt016859179
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0250125
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0250125
IRS990/OtherRevenueTotalAmt0250125
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0409595
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0342747
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054602
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035899
IRS990/PrincipalOfficerNm0JOHN DRAKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1624410
IRS990/ProgramServiceRevenueGrp/Desc0LUNCH SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1AFTER SCHOOL CHILD CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt059150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt134499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt134499
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010291909
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt011357353
IRS990/PYOtherRevenueAmt0205794
IRS990/PYProgramServiceRevenueAmt0195701
IRS990/PYRevenuesLessExpensesAmt0-663949
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt011357353
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010693404
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-447515
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0343774
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-149813
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-530481
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0236647
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0224247
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0460894
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010710849
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0106100
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt028397
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0134497
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015731995
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT TO USE ASSETS, NET OF AMORTIZATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016859179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE OBLIGATIONS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt010263334
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL AND THE LP HAVE ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024 AND HAVE EVALUATED THEIR TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, NEITHER THE SCHOOL NOR THE LP ARE CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL OR LP BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE SCHOOL AND LP'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0342747
IRS990ScheduleD/TotalBookValueOtherAssetsAmt015731995
IRS990ScheduleD/TotalExpensesPerForm990Amt010710849
IRS990ScheduleD/TotalLiabilityAmt016859179
IRS990ScheduleD/TotalRevenuePerForm990Amt010263334
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010263334
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010710849
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A FREE PUBLIC CHARTER SCHOOL, THEREFORE IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE 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 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0104100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07961
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN TWITTY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0112061
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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/ExplanationTxt3ROUNDING ADJUSTMENT -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/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01626499
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WAYNE PREPARATORY ACADEMY LP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
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/TotalAssetsBOYAmt018770556
IRS990/TotalAssetsEOYAmt017039576
IRS990/TotalAssetsGrp/BOYAmt018770556
IRS990/TotalAssetsGrp/EOYAmt017039576
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09919560
IRS990/TotalEmployeeCnt0192
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010710849
IRS990/TotalFunctionalExpensesGrp/TotalAmt010710849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018510774
IRS990/TotalLiabilitiesEOYAmt017227310
IRS990/TotalLiabilitiesGrp/BOYAmt018510774
IRS990/TotalLiabilitiesGrp/EOYAmt017227310
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0259782
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-187734
IRS990/TotalOtherCompensationAmt07961
IRS990/TotalProgramServiceExpensesAmt010710849
IRS990/TotalProgramServiceRevenueAmt093649
IRS990/TotalReportableCompFromOrgAmt0104100
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0343774
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010263334

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,039,576
Liabilities
$17,227,310
Net assets
-$187,734
Revenue
$10,263,334
Expenses
$10,710,849
Net income
-$447,515
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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