Civic Intelligence

Raleigh Charter High School Foundation Inc.

990 • Fiscal year 2018 • EIN 26-4266980

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 15, 2018

Organization ProfileWWW.RALEIGHCHARTERHS.ORG
1307 Glenwood AvenueRaleigh, NC 27605

(919) 715-1155

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.69x

Higher debt load relative to assets than 72% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

96th percentile

7.46x

Higher debt load relative to revenue than 96% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$116,676

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

26th percentile

-2.4%

Faster asset growth than 26% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-4.0%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$8,527,507

Down $211,731 (-2.4%) from 2017

Net Assets

Up

$2,625,027

Up $86,887 (+3.4%) from 2017

Liabilities

Down

$5,902,480

Down $298,618 (-4.8%) from 2017

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin71st percentile

Revenue

Down

$791,691

Down $32,640 (-4.0%) from 2017

Expenses

Down

$704,804

Down $91,064 (-11%) from 2017

Net Income

Up

$86,887

Up $58,424 (+205%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

$15M$10M$5.0M$0Assets 2012: $9,817,402Liabilities 2012: $7,369,000Net Assets 2012: $2,448,4022012Assets 2013: $9,440,162Liabilities 2013: $7,189,000Net Assets 2013: $2,251,1622013Assets 2014: $9,241,910Liabilities 2014: $6,941,503Net Assets 2014: $2,300,4072014Assets 2015: $9,179,736Liabilities 2015: $6,684,627Net Assets 2015: $2,495,1092015Assets 2016: $8,998,755Liabilities 2016: $6,489,078Net Assets 2016: $2,509,6772016Assets 2017: $8,739,238Liabilities 2017: $6,201,098Net Assets 2017: $2,538,1402017Assets 2018: $8,527,507Liabilities 2018: $5,902,480Net Assets 2018: $2,625,0272018Assets 2019: $8,369,285Liabilities 2019: $5,712,434Net Assets 2019: $2,656,8512019Assets 2020: $10,065,647Liabilities 2020: $5,386,388Net Assets 2020: $4,679,2592020Assets 2021: $10,228,290Liabilities 2021: $4,928,086Net Assets 2021: $5,300,2042021Assets 2022: $10,114,664Liabilities 2022: $4,577,032Net Assets 2022: $5,537,6322022Assets 2023: $9,790,668Liabilities 2023: $4,240,545Net Assets 2023: $5,550,1232023Assets 2024: $10,010,241Liabilities 2024: $3,829,924Net Assets 2024: $6,180,3172024Assets 2025: $9,901,966Liabilities 2025: $3,430,126Net Assets 2025: $6,471,8402025

Highlighted filing

2018

Assets$8,527,507
Liabilities$5,902,480
Net Assets$2,625,027
Open 2018 Filing

Operations Trend

Revenue Growth20th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $485,4852012Expenses 2013: $819,8172013Revenue 2014: $671,021Expenses 2014: $621,776Net Income 2014: $49,2452014Revenue 2015: $735,719Expenses 2015: $541,017Net Income 2015: $194,7022015Revenue 2016: $744,622Expenses 2016: $730,054Net Income 2016: $14,5682016Revenue 2017: $824,331Expenses 2017: $795,868Net Income 2017: $28,4632017Revenue 2018: $791,691Expenses 2018: $704,804Net Income 2018: $86,8872018Revenue 2019: $813,825Expenses 2019: $782,001Net Income 2019: $31,8242019Revenue 2020: $2,808,939Expenses 2020: $786,531Net Income 2020: $2,022,4082020Revenue 2021: $889,808Expenses 2021: $389,863Net Income 2021: $499,9452021Revenue 2022: $1,049,801Expenses 2022: $740,090Net Income 2022: $309,7112022Revenue 2023: $947,849Expenses 2023: $986,839Net Income 2023: -$38,9902023Revenue 2024: $1,047,012Expenses 2024: $476,230Net Income 2024: $570,7822024Revenue 2025: $1,332,296Expenses 2025: $1,114,585Net Income 2025: $217,7112025

Highlighted filing

2018

Revenue$791,691
Expenses$704,804
Net Income$86,887
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$791,691
Mission and Program Overview

Mission

To support and manage assets for raleigh charter high school and for other innovative educational programs associated with or supporting the school or its programs

To support and manage assets for raleigh charter high school and for other innovative educational programs associated with or supporting the school or its program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,017,413$7,789,412▼ $228,001
Savings and Temporary Cash Investments$235,882$362,976▲ $127,094
Accounts Receivable$162,000$162,000→ $0
Cash and Non-Interest-Bearing Accounts$163,725$86,818▼ $76,907
Pledges and Grants Receivable$94,811$68,589▼ $26,222
Intangible Assets$65,407$57,712▼ $7,695
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$8,739,238$8,527,507▼ $211,731
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$6,199,777$5,902,480▼ $297,297
Accounts Payable and Accrued Expenses$1,321$0▼ $1,321
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,201,098$5,902,480▼ $298,618
Net Assets / Fund Balance
Unrestricted Net Assets$2,443,329$2,556,438▲ $113,109
Temporarily Rstr Net Assets$94,811$68,589▼ $26,222
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$2,538,140$2,625,027▲ $86,887
Total Liabilities and Net Assets / Fund Balance$8,739,238$8,527,507▼ $211,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,251,335$1,586,340$8,837,675
Land$538,077-$538,077
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleOtherTotal
Lisa HuddlestonSchool Principal$116,676$116,676

Board Members and Trustees

NameTitle
Don StroudBoard President
Sharon McconnellBoard Vice-president
Darren McclureBoard Member
Debra DecamillisBoard Member
Elizabeth Iaquinta KarstenBoard Member
Howard BrowneBoard Secretary
Jeff SimoneBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,091
Program Service Revenue
$0
Investment Income
$1,100
Other Revenue
$725,500
All Other Contributions
$65,091
Change in Net Assets
$86,887

Audited Revenue Reconciliation

Revenue per Audited Statements
$791,691
Total Revenue per Audited Statements
$791,691
Total Revenue per Form 990
$791,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$380,804
Grants and Similar Amounts Paid$324,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$324,000--$324,000
Depreciation Depletion$235,696--$235,696
Interest$136,474--$136,474
Other Expenses$-1,366$1,000-$-1,366
Total Functional Expenses$703,804$1,000$0$704,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$704,804
Total Expenses per Audited Statements$704,804
Total Expenses per Form 990$704,804
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Raleigh Charter High SchoolRaleigh, NC501(c)(3)Support Raleigh Charter High School$324,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Raleigh Charter High Sc$5,902,480
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI Section B Line 11

“The finance officer will initially review the form 990 before presenting it to the board. Any additional changes will be made at that time.”

Form 990 Part VI Section B Line 12C

“No member of the board of directors, or any of its committees shall derive any personal profit or gain directly or indirectly,by reasons of his or her participation with raleigh charter high school, inc. Each individual shall disclose to the organization any personal interest, which he or she may have in any matter pending before the organization and shall refrain from participation in any decision on such matter.”

Form 990 Part VI Section C Line 19

“Form 990s are available in the main office and financial statements are available at our public board meetings.”

Filing and Contact Details

Filer

Filer Name
Raleigh Charter High School Foundation Inc
EIN
26-4266980
In Care Of
% DAVID ENNIS
Phone
9197151155
Address
1307 GLENWOOD AVENUE, RALEIGH, NC 27605

Signing Officer

Name
Lisa Huddleston
Title
Assistant Treasurer
Phone
9197151155
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Huddleston
Formed
2009
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
12

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Wm James Black Jr
Phone
9197878212
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

“Process has not changed from prior year.”

Financial Statement Notes

Sch D Part X Line 2

“Under the provisions of fasb asc 740, income taxes, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The organization does not believe there are any material uncertain tax positions and accordingly, it will not recognize any liability for unrecognized tax benefits. As of june 30, 2017, the organization has no uncertain tax positions that will qualify for either recognition or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax years in progress.”

Raw XML AppendixShowing 400 of 496 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01321
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt0162000
IRS990/AccountsReceivableGrp/EOYAmt0162000
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO SUPPORT AND MANAGE ASSETS FOR RALEIGH CHARTER HIGH SCHOOL AND FOR OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THE SCHOOL OR ITS PROGRAM.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt065091
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0DAVID ENNIS
IRS990/BooksInCareOfDetail/PhoneNum09197151155
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01307 GLENWOOD AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027605
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0163725
IRS990/CashNonInterestBearingGrp/EOYAmt086818
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt065091
IRS990/CYGrantsAndSimilarPaidAmt0324000
IRS990/CYInvestmentIncomeAmt01100
IRS990/CYOtherExpensesAmt0380804
IRS990/CYOtherRevenueAmt0725500
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt086887
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0704804
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0791691
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0235696
IRS990/DepreciationDepletionGrp/TotalAmt0235696
IRS990/Desc0TO SUPPORT RALEIGH CHARTER HIGH SCHOOL
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0703804
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt012625
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0LISA HUDDLESTON
IRS990/Form990PartVIISectionAGrp/PersonNm1DON STROUD
IRS990/Form990PartVIISectionAGrp/PersonNm2DEBRA DECAMILLIS
IRS990/Form990PartVIISectionAGrp/PersonNm3HOWARD BROWNE
IRS990/Form990PartVIISectionAGrp/PersonNm4SHARON MCCONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm5DARREN MCCLURE
IRS990/Form990PartVIISectionAGrp/PersonNm6JEFF SIMONE
IRS990/Form990PartVIISectionAGrp/PersonNm7ELIZABETH IAQUINTA KARSTEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0104051
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt0324000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0324000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0324000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0791691
IRS990/GrossRentsGrp/RealAmt0725500
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt065407
IRS990/IntangibleAssetsGrp/EOYAmt057712
IRS990/InterestGrp/ProgramServicesAmt0136474
IRS990/InterestGrp/TotalAmt0136474
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01100
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01100
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01586340
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08017413
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07789412
IRS990/LandBldgEquipCostOrOtherBssAmt09375752
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT AND MANAGE ASSETS FOR RALEIGH CHARTER HIGH SCHOOL AND FOR OTHER INNOVATIVE EDUCATIONAL PROGRAMS ASSOCIATED WITH OR SUPPORTING THE SCHOOL OR ITS PROGRAMS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt02538140
IRS990/NetAssetsOrFundBalancesEOYAmt02625027
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0725500
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0AUDIT FEES
IRS990/OtherExpensesGrp/Desc1BOND FEE
IRS990/OtherExpensesGrp/Desc2PLEDGE ADJUSTMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01000
IRS990/OtherExpensesGrp/ProgramServicesAmt09000
IRS990/OtherExpensesGrp/ProgramServicesAmt1-1366
IRS990/OtherExpensesGrp/TotalAmt09000
IRS990/OtherExpensesGrp/TotalAmt11000
IRS990/OtherExpensesGrp/TotalAmt2-1366
IRS990/OtherLiabilitiesGrp/BOYAmt06199777
IRS990/OtherLiabilitiesGrp/EOYAmt05902480
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt094811
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt068589
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0LISA HUDDLESTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0157949
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0440000
IRS990/PYInvestmentIncomeAmt0750
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0355868
IRS990/PYOtherRevenueAmt0665632
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt028463
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0795868
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0824331
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt086887
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0725500
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0725500
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0235882
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0362976
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0false
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0562121381
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0324000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RALEIGH CHARTER HIGH SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0324000
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt07251335
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01586340
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08837675
IRS990ScheduleD/ExpensesSubtotalAmt0704804
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0538077
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0538077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05902480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RALEIGH CHARTER HIGH SC
IRS990ScheduleD/RevenueSubtotalAmt0791691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER THE PROVISIONS OF FASB ASC 740, INCOME TAXES, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. AS OF JUNE 30, 2017, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT WILL QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCH D PART X LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07789412
IRS990ScheduleD/TotalExpensesPerForm990Amt0704804
IRS990ScheduleD/TotalLiabilityAmt05902480
IRS990ScheduleD/TotalRevenuePerForm990Amt0791691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0791691
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0704804
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0324000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT RALEIGH CHARTER HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RALEIGH CHARTER HIGH SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0562121381
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01307 GLENWOOD AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RALEIGH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027605
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE OFFICER WILL INITIALLY REVIEW THE FORM 990 BEFORE PRESENTING IT TO THE BOARD. ANY ADDITIONAL CHANGES WILL BE MADE AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO MEMBER OF THE BOARD OF DIRECTORS, OR ANY OF ITS COMMITTEES SHALL DERIVE ANY PERSONAL PROFIT OR GAIN DIRECTLY OR INDIRECTLY,BY REASONS OF HIS OR HER PARTICIPATION WITH RALEIGH CHARTER HIGH SCHOOL, INC. EACH INDIVIDUAL SHALL DISCLOSE TO THE ORGANIZATION ANY PERSONAL INTEREST, WHICH HE OR SHE MAY HAVE IN ANY MATTER PENDING BEFORE THE ORGANIZATION AND SHALL REFRAIN FROM PARTICIPATION IN ANY DECISION ON SUCH MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990S ARE AVAILABLE IN THE MAIN OFFICE AND FINANCIAL STATEMENTS ARE AVAILABLE AT OUR PUBLIC BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS HAS NOT CHANGED FROM 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 C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0RALEIGH CHARTER HIGH SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0562121381
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01307 GLENWOOD AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0RALEIGH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027605
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0true
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0324000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,527,507
Liabilities
$5,902,480
Net assets
$2,625,027
Revenue
$791,691
Expenses
$704,804
Net income
$86,887
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$9.90$3.43$6.47$1.33$1.11$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$3.83$6.18$1.05$0.48$0.57
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.79$4.24$5.55$0.95$0.99$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$4.58$5.54$1.05$0.74$0.31
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$4.93$5.30$0.89$0.39$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$5.39$4.68$2.81$0.79$2.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.37$5.71$2.66$0.81$0.78$0.03
2018Detailed filing. Detailed filing data is available for this year.$8.53$5.90$2.63$0.79$0.70$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.74$6.20$2.54$0.82$0.80$0.03
2016Detailed filing. Detailed filing data is available for this year.$9.00$6.49$2.51$0.74$0.73$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.18$6.68$2.50$0.74$0.54$0.19
2014Detailed filing. Detailed filing data is available for this year.$9.24$6.94$2.30$0.67$0.62$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.44$7.19$2.25$0.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.82$7.37$2.45$0.49