Civic Intelligence

Triad Educational Services Inc

990 • Fiscal year 2019 • EIN 27-2186510

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

Organization ProfileN/A
312 Gregson DriveCary, NC 27511

(336) 621-0061

Siviq Scores

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

Liabilities / Assets

91st percentile

1.06x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

97th percentile

11.65x

Higher debt load relative to revenue than 97% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

28th percentile

-2.0%

Higher net margin than 28% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

23rd percentile

$54,514

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

28th percentile

-2.1%

Faster asset growth than 28% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-0.1%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$19,819,660

Down $418,711 (-2.1%) from 2018

Net Assets

Down

-$1,145,340

Down $35,826 (-3.2%) from 2018

Liabilities

Down

$20,965,000

Down $382,885 (-1.8%) from 2018

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin28th percentile

Revenue

Down

$1,799,896

Down $1,852 (-0.1%) from 2018

Expenses

Down

$1,835,722

Down $67,691 (-3.6%) from 2018

Net Income

Up

-$35,826

Up $65,839 (+65%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$150M$100M$50M$0-$50MAssets 2017: $20,617,151Liabilities 2017: $21,625,000Net Assets 2017: -$1,007,8492017Assets 2018: $20,238,371Liabilities 2018: $21,347,885Net Assets 2018: -$1,109,5142018Assets 2019: $19,819,660Liabilities 2019: $20,965,000Net Assets 2019: -$1,145,3402019Assets 2020: $19,440,747Liabilities 2020: $20,605,000Net Assets 2020: -$1,164,2532020Assets 2021: $19,188,075Liabilities 2021: $20,225,000Net Assets 2021: -$1,036,9252021Assets 2022: $65,312,732Liabilities 2022: $68,126,634Net Assets 2022: -$2,813,9022022Assets 2023: $103,340,096Liabilities 2023: $105,943,034Net Assets 2023: -$2,602,9382023Assets 2024: $103,640,885Liabilities 2024: $107,492,066Net Assets 2024: -$3,851,1812024

Highlighted filing

2019

Assets$19,819,660
Liabilities$20,965,000
Net Assets-$1,145,340
Open 2019 Filing

Operations Trend

Revenue Growth32nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2017: $1,790,567Expenses 2017: $1,940,593Net Income 2017: -$150,0262017Revenue 2018: $1,801,748Expenses 2018: $1,903,413Net Income 2018: -$101,6652018Revenue 2019: $1,799,896Expenses 2019: $1,835,722Net Income 2019: -$35,8262019Revenue 2020: $1,798,378Expenses 2020: $1,817,291Net Income 2020: -$18,9132020Revenue 2021: $1,928,977Expenses 2021: $1,801,649Net Income 2021: $127,3282021Revenue 2022: $5,915,716Expenses 2022: $4,754,516Net Income 2022: $1,161,2002022Revenue 2023: $7,577,228Expenses 2023: $5,200,006Net Income 2023: $2,377,2222023Revenue 2024: $6,288,377Expenses 2024: $7,536,620Net Income 2024: -$1,248,2432024

Highlighted filing

2019

Revenue$1,799,896
Expenses$1,835,722
Net Income-$35,826
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.2
Gross Receipts
$1,799,896
Mission and Program Overview

Mission

To provide facilities for charter schools operating in north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,445,354$15,985,982▼ $459,372
Investments in Publicly Traded Securities$1,540,967$1,570,779▲ $29,812
Cash and Non-Interest-Bearing Accounts$441,745$494,485▲ $52,740
Accounts Receivable-$22,765-
Total Assets$20,238,371$19,819,660▼ $418,711
Other Assets Total$1,810,305$1,745,649▼ $64,656
Liabilities
Tax Exempt Bond Liabilities$20,845,000$20,845,000→ $0
Mortgage Notes Payable Secured by Investment Property$460,000$120,000▼ $340,000
Accounts Payable and Accrued Expenses$42,885--
Total Liabilities$21,347,885$20,965,000▼ $382,885
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$1,570,779-
Unrestricted Net Assets$-1,109,514$-2,716,119▼ $1,606,605
Total Net Assets Fund Balance$-1,109,514$-1,145,340▼ $35,826
Total Liabilities and Net Assets / Fund Balance$20,238,371$19,819,660▼ $418,711

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,850,982$3,058,727$18,909,709
Land$135,000-$135,000
Other Assets Org$1,745,649--
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Orhan AkbulutBusiness ManFT$54,514$54,514

Board Members and Trustees

NameTitle
Fatih OguzPresident
Hakan GolbasiBoard Member
Ahmet BozdagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,764,832
Investment Income
$34,173
Other Revenue
$891
Change in Net Assets
$-35,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,799,896
Total Revenue per Audited Statements
$1,799,896
Total Revenue per Form 990
$1,799,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,775,399
Salaries, Compensation, and Employee Benefits$60,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,151,650--$1,151,650
Depreciation Depletion$544,656--$544,656
Current Officers, Directors, Trustees, and Key Employees$54,514--$54,514
Occupancy$36,231--$36,231
Insurance$15,921--$15,921
Fees for Services Legal$10,309--$10,309
Fees for Service Investment Mgmnt Fees$9,000--$9,000
Fees for Services Accounting$4,080--$4,080
Other Salaries and Wages$3,135--$3,135
Payroll Taxes$2,674--$2,674
Office Expenses-$951-$951
Other Expenses-$720-$720
Travel$587--$587
Total Functional Expenses$1,832,757$2,965$0$1,835,722

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,835,722
Total Expenses per Audited Statements$1,835,722
Total Expenses per Form 990$1,835,722
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority Series a2015-03-11$20,621,750SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,621,750$13,411,384-$412,433

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board chair prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest policy is reviewed at board meetings. Board members are required to complete a disclosure form each year. Any potential conflicts of interest are reviewed and resolved by the board.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors approves compensation for the organization's top management official.”

Form 990, Page 6, Part VI, Line 15B

“No officers are compensated. All other compensation is approved by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, and financial statements are available for viewing by the public at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Triad Educational Services Inc
EIN
27-2186510
Phone
3366210061
Address
312 GREGSON DRIVE, CARY, NC 27511

Signing Officer

Name
Orhan Akbulut
Title
Business Manager
Phone
3369446559
Signed
2020-05-11

Organization Details

Principal Officer
Fatih Oguz
Formed
2010
Legal Domicile
Nc
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Fasb asc 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the financial statements. Fasb asc 740 requires the evaluation of tax positions taken, or expected to be taken,in the course of preparing financial statements to determine whether the tax positions are "more likely than not" to be sustained by the applicable tax authority. As of the date of the independent auditors' report, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. Income tax returns for 2016 through 2019 are are open for examination by tax authorities.”

Raw XML AppendixShowing 400 of 465 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/BOYAmt042885
IRS990/AccountsReceivableGrp/EOYAmt022765
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0YASAR AYDIN
IRS990/BooksInCareOfDetail/PhoneNum03366210061
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0312 GREGSON DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0CARY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027511
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0441745
IRS990/CashNonInterestBearingGrp/EOYAmt0494485
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt054514
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt054514
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt034173
IRS990/CYOtherExpensesAmt01775399
IRS990/CYOtherRevenueAmt0891
IRS990/CYProgramServiceRevenueAmt01764832
IRS990/CYRevenuesLessExpensesAmt0-35826
IRS990/CYSalariesCompEmpBnftPaidAmt060323
IRS990/CYTotalExpensesAmt01835722
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01799896
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0544656
IRS990/DepreciationDepletionGrp/TotalAmt0544656
IRS990/Desc0PROVIDES FACILITIES FOR CHARTER SCHOOLS IN NORTH CAROLIA, TRIAD MATH AND SCIENCE ACADEMY AND TRIANGLE MATH AND SCIENCE ACADEMY.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt01832757
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04080
IRS990/FeesForServicesAccountingGrp/TotalAmt04080
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt010309
IRS990/FeesForServicesLegalGrp/TotalAmt010309
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt09000
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt09000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0FATIH OGUZ
IRS990/Form990PartVIISectionAGrp/PersonNm1AHMET BOZDAG
IRS990/Form990PartVIISectionAGrp/PersonNm2HAKAN GOLBASI
IRS990/Form990PartVIISectionAGrp/PersonNm3ORHAN AKBULUT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt354514
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BUSINESS MAN
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01799896
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt015921
IRS990/InsuranceGrp/TotalAmt015921
IRS990/InterestGrp/ProgramServicesAmt01151650
IRS990/InterestGrp/TotalAmt01151650
IRS990/InvestmentIncomeGrp/ExclusionAmt034173
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034173
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01540967
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01570779
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03058727
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016445354
IRS990/LandBldgEquipBasisNetGrp/EOYAmt015985982
IRS990/LandBldgEquipCostOrOtherBssAmt019044709
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0460000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0120000
IRS990/NetAssetsOrFundBalancesBOYAmt0-1109514
IRS990/NetAssetsOrFundBalancesEOYAmt0-1145340
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt036231
IRS990/OccupancyGrp/TotalAmt036231
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0951
IRS990/OfficeExpensesGrp/TotalAmt0951
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01810305
IRS990/OtherAssetsTotalGrp/EOYAmt01745649
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01294
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1720
IRS990/OtherExpensesGrp/TotalAmt01294
IRS990/OtherExpensesGrp/TotalAmt1720
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0518
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1373
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0518
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1373
IRS990/OtherRevenueTotalAmt0891
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03135
IRS990/OtherSalariesAndWagesGrp/TotalAmt03135
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02674
IRS990/PayrollTaxesGrp/TotalAmt02674
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FATIH OGUZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01491650
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1273182
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01491650
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1273182
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt032184
IRS990/PYOtherExpensesAmt01800003
IRS990/PYOtherRevenueAmt02965
IRS990/PYProgramServiceRevenueAmt01766599
IRS990/PYRevenuesLessExpensesAmt0-101665
IRS990/PYSalariesCompEmpBnftPaidAmt0103410
IRS990/PYTotalExpensesAmt01903413
IRS990/PYTotalRevenueAmt01801748
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-35826
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01764832
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt034173
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt032184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt02144
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0184
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt068726
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01765723
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01769564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01788423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01789045
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01258428
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08371183
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt034173
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt032184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt02144
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0184
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt068726
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99190
IRS990ScheduleA/PublicSupportPY509Pct00.99550
IRS990ScheduleA/PublicSupportTotal509Amt08371183
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01765723
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01769564
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01788423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01789045
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01258428
IRS990ScheduleA/Total509Grp/TotalAmt08371183
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01799896
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01801748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01790567
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01789229
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01258469
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08439909
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt015850982
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03058727
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018909709
IRS990ScheduleD/ExpensesSubtotalAmt01835722
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0135000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0135000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01745649
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CURRENT PORTION BOND ISSUE COSTS
IRS990ScheduleD/RevenueSubtotalAmt01799896
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740 PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN,IN THE COURSE OF PREPARING FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" TO BE SUSTAINED BY THE APPLICABLE TAX AUTHORITY. AS OF THE DATE OF THE INDEPENDENT AUDITORS' REPORT, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FOR 2016 THROUGH 2019 ARE ARE OPEN FOR EXAMINATION BY TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015985982
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01745649
IRS990ScheduleD/TotalExpensesPerForm990Amt01835722
IRS990ScheduleD/TotalRevenuePerForm990Amt01799896
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01799896
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01835722
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0true
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0PUBLIC FINANCE AUTHORITY SERIES A REFINANCE EXISTING LOAN AND NEW CONSTRUCTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - ADDITIONAL INFORMATION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-03-11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074442EAX8
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt020621750
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY SERIES A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SEE PART VI
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt05390684
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt01463919
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0412433
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt013411384
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02015
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt020621750
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD CHAIR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS REVIEWED AT BOARD MEETINGS. BOARD MEMBERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM EACH YEAR. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OFFICERS ARE COMPENSATED. ALL OTHER COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TRIAD MATH & SCIENCE ACADEMY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CHARLOTTE EDUCATION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0208471670
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1464239471
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0700 CREEK RIDGE ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt18701 MALLARD CREEK RD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0GREENSBORO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd027406
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd128262
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0true
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01491650
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1273182
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FAIR RENTAL VALUE
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV OF SERVICES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0TRIAD MATH & SCIENCE ACADEMY COMPNY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1TRIAD MATH & SCIENCE ACADEMY COMPNY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0J
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1L
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt020845000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt020845000
IRS990/TaxExemptBondsInd0true
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01570779
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020238371
IRS990/TotalAssetsEOYAmt019819660
IRS990/TotalAssetsGrp/BOYAmt020238371
IRS990/TotalAssetsGrp/EOYAmt019819660
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01832757
IRS990/TotalFunctionalExpensesGrp/TotalAmt01835722
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$19,819,660
Liabilities
$20,965,000
Net assets
-$1,145,340
Revenue
$1,799,896
Expenses
$1,835,722
Net income
-$35,826
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$104$107$3.85$6.29$7.54$1.25
2023Detailed filing. Detailed filing data is available for this year.$103$106$2.60$7.58$5.20$2.38
2022Detailed filing. Detailed filing data is available for this year.$65.3$68.1$2.81$5.92$4.75$1.16
2021Detailed filing. Detailed filing data is available for this year.$19.2$20.2$1.04$1.93$1.80$0.13
2020Detailed filing. Detailed filing data is available for this year.$19.4$20.6$1.16$1.80$1.82$0.02
2019Detailed filing. Detailed filing data is available for this year.$19.8$21.0$1.15$1.80$1.84$0.04
2018Detailed filing. Detailed filing data is available for this year.$20.2$21.3$1.11$1.80$1.90$0.10
2017Detailed filing. Detailed filing data is available for this year.$20.6$21.6$1.01$1.79$1.94$0.15