Civic Intelligence

Rocky Mount Preparatory School Inc

990 • Fiscal year 2022 • EIN 31-1601003

Jul 01, 2021 to Jun 30, 2022 • Filed on May 09, 2023

Organization ProfileWWW.ROCKYMOUNTPREP.ORG

View Organization Page

3334 Bishop RoadRocky Mount, NC 27804

(252) 443-9923

Siviq Scores

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

Liabilities / Assets

56th percentile

0.40x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

51st percentile

0.30x

Higher debt load relative to revenue than 51% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

16th percentile

-5.5%

Higher net margin than 16% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$131,424

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

17th percentile

-9.9%

Faster asset growth than 17% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

12%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$8,425,694

Down $925,421 (-9.9%) from 2021

Net Assets

Down

$5,087,246

Down $610,277 (-11%) from 2021

Liabilities

Down

$3,338,448

Down $315,144 (-8.6%) from 2021

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin16th percentile

Revenue

Up

$11,070,184

Up $1,144,964 (+12%) from 2021

Expenses

Up

$11,680,461

Up $2,332,204 (+25%) from 2021

Net Income

Down

-$610,277

Down $1,187,240 (-206%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$10M$5.0M$0Assets 2021: $9,351,115Liabilities 2021: $3,653,592Net Assets 2021: $5,697,5232021Assets 2022: $8,425,694Liabilities 2022: $3,338,448Net Assets 2022: $5,087,2462022Assets 2023: $7,423,697Liabilities 2023: $3,094,507Net Assets 2023: $4,329,1902023Assets 2024: $6,684,131Liabilities 2024: $2,441,499Net Assets 2024: $4,242,6322024

Highlighted filing

2022

Assets$8,425,694
Liabilities$3,338,448
Net Assets$5,087,246
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2021: $9,925,220Expenses 2021: $9,348,257Net Income 2021: $576,9632021Revenue 2022: $11,070,184Expenses 2022: $11,680,461Net Income 2022: -$610,2772022Revenue 2023: $11,590,744Expenses 2023: $12,056,763Net Income 2023: -$466,0192023Revenue 2024: $10,798,249Expenses 2024: $10,884,807Net Income 2024: -$86,5582024

Highlighted filing

2022

Revenue$11,070,184
Expenses$11,680,461
Net Income-$610,277
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 9, 2023
Return Version
2021v4.0
Gross Receipts
$11,070,184
Mission and Program Overview

Mission

Rocky mount charter is a tuition free independent public charter school dedicated to providing an academic college preparatory education supported by a balanced program of rigorous academics, arts, athletics, experimental learning opportunities, and community service. The shared values of the school community encourage students to reach their full potential intellectually, physically, emotionally, and socially. Our ultimate endeavor is for all of our college track students to matriculate to four-year institutions of higher learning, and for those in the occupational course of study (ocs)program to acquire gainful employment upon graduation.

Operation of a north carolina charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,411,116$4,972,882▼ $438,234
Cash and Non-Interest-Bearing Accounts$3,467,505$2,789,031▼ $678,474
Accounts Receivable$128,662$363,781▲ $235,119
Savings and Temporary Cash Investments$300,000$300,000→ $0
Prepaid Expenses and Deferred Charges$43,832--
Total Assets$9,351,115$8,425,694▼ $925,421
Liabilities
Tax Exempt Bond Liabilities$3,400,000$3,000,000▼ $400,000
Accounts Payable and Accrued Expenses$71,428$208,946▲ $137,518
Mortgage Notes Payable Secured by Investment Property$182,164$129,502▼ $52,662
Total Liabilities$3,653,592$3,338,448▼ $315,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,697,523$5,087,246▼ $610,277
Total Net Assets Fund Balance$5,697,523$5,087,246▼ $610,277
Total Liabilities and Net Assets / Fund Balance$9,351,115$8,425,694▼ $925,421

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,313,490$6,706,828$11,020,318
Equipment$283,192$3,290,513$3,573,705
Land$376,200-$376,200
Other Land Buildings-$120,480$120,480
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nashett GarrettSuperintendeFT$131,424$131,424

Board Members and Trustees

NameTitle
Edmund Keen Gravely JrChair / Tre
Jean KitchinVice Chair
Bishop Shelton DanielDirector
Charlie DavisDirector
Daniel HarwellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,373,775
Program Service Revenue
$8,583,495
Investment Income
$5,981
Other Revenue
$106,933
Change in Net Assets
$-610,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,070,184
Total Revenue per Audited Statements
$11,070,184
Total Revenue per Form 990
$11,070,184
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,662,506
Other Expenses$5,017,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,553,070$971,227-$5,524,297
Fees for Services Other$971,468$316,999-$1,288,467
Other Employee Benefits$394,404$106,109-$500,513
Depreciation Depletion$328,675$109,559-$438,234
Payroll Taxes$331,733$89,248-$420,981
Occupancy$329,886$58,216-$388,102
All Other Expenses$285,834$42,311-$328,145
Interest$180,380$60,127-$240,507
Office Expenses$77,829$120,763-$198,592
Current Officers, Directors, Trustees, and Key Employees-$181,304-$181,304
Conferences and Meetings$150,213$26,508-$176,721
Other Expenses$156,461$44,153-$156,461
Travel$101,820$17,969-$119,789
Fees for Services Legal-$77,753-$77,753
Insurance-$55,591-$55,591
Pension Plan Contributions$27,904$7,507-$35,411
Advertising$28,919$5,103-$34,022
Information Technology$25,907$4,572-$30,479
Fees for Services Accounting-$10,051-$10,051
Total Functional Expenses$9,198,287$2,482,174$0$11,680,461

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,680,461
Total Expenses per Audited Statements$11,680,461
Total Expenses per Form 990$11,680,461
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,496
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fundrais$29,496$29,496-$29,496
Total Events$29,496$29,496-$29,496
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANc Capital Facilities Finance(bb&t)2007-09-26$6,500,000REFINANCE & CONST

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,500,000-$3,500,000$130,000

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
No
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 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
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

“Board treasurer reviews the 990 with the finance director. It is then presented to the board of directors.”

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

“The board of directors reviews the policy annually. If any conflicts arise they are reviewed and resolved by the board of directors.”

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

“The board of directors approves compensation for the top management official and compensation is based on comparability data.”

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

“Key employee salaries are based on comparability data.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, school 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
Rocky Mount Preparatory School Inc
EIN
31-1601003
Phone
2524439923
Address
3334 BISHOP ROAD, ROCKY MOUNT, NC 27804

Signing Officer

Name
Nashett Garrett
Title
Superintendent
Phone
2524439805
Signed
2023-05-09

Organization Details

Principal Officer
Edmund Keen Gravely Jr
Formed
1998
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
222
Volunteers
5

Preparer

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

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Rocky mount charter is a tuition free independent public charter school dedicated to providing an academic college preparatory education supported by a balanced program of rigorous academics, arts, athletics, experimental learning opportunities, and community service. The shared values of the school community encourage students to reach their full potential intellectually, physically, emotionally, and socially. Our ultimate endeavor is for all of our college track students to matriculate to four-year institutions of higher learning, and for those in the occupational course of study (ocs)program to acquire gainful employment upon graduation.”

Form 990, Part IX, Line 11G

“Contracted psychology ser 15,302 2,700 0 contracted repair/part/ma 34,609 6,107 0 miscellaneous contracts 227,681 0 0 contracted service-nutrit 16,072 2,836 0 contracted speech 74,239 13,101 0 contracted exceptional studen 51,171 9,030 0 instructional contracted svs 59,849 10,562 0 contracted svc custodial 132,558 23,393 0 contracted svc athletics 17,149 3,026 0 contracted general admin 0 242,059 0 contracted technology 4,475 790 0 contracted security 19,241 3,395 0 contracted payroll admin 111,026 0 0 contracted school ops 122,402 0 0 contracted power school 28,049 0 0 contracted sro 57,645 0 0 total 971,468 316,999 0”

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IRS990/MissionDesc0ROCKY MOUNT CHARTER IS A TUITION FREE INDEPENDENT PUBLIC CHARTER SCHOOL DEDICATED TO PROVIDING AN ACADEMIC COLLEGE PREPARATORY EDUCATION SUPPORTED BY A BALANCED PROGRAM OF RIGOROUS ACADEMICS, ARTS, ATHLETICS, EXPERIMENTAL LEARNING OPPORTUNITIES, AND COMMUNITY SERVICE. THE SHARED VALUES OF THE SCHOOL COMMUNITY ENCOURAGE STUDENTS TO REACH THEIR FULL POTENTIAL INTELLECTUALLY, PHYSICALLY, EMOTIONALLY, AND SOCIALLY. OUR ULTIMATE ENDEAVOR IS FOR ALL OF OUR COLLEGE TRACK STUDENTS TO MATRICULATE TO FOUR-YEAR INSTITUTIONS OF HIGHER LEARNING, AND FOR THOSE IN THE OCCUPATIONAL COURSE OF STUDY (OCS)PROGRAM TO ACQUIRE GAINFUL EMPLOYMENT UPON GRADUATION.
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IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc2RENTAL OF SCHOOL PROPERTY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt047230
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt128902
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21305
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt047230
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128902
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21305
IRS990/OtherRevenueTotalAmt077437
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0971227
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04553070
IRS990/OtherSalariesAndWagesGrp/TotalAmt05524297
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt089248
IRS990/PayrollTaxesGrp/ProgramServicesAmt0331733
IRS990/PayrollTaxesGrp/TotalAmt0420981
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07507
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt027904
IRS990/PensionPlanContributionsGrp/TotalAmt035411
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt043832
IRS990/PrincipalOfficerNm0EDMUND KEEN GRAVELY JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1TOTAL COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07149529
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11374594
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt255378
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07149529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11374594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt255378
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33994
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01154246
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt060
IRS990/PYOtherExpensesAmt03506757
IRS990/PYOtherRevenueAmt0121563
IRS990/PYProgramServiceRevenueAmt08649351
IRS990/PYRevenuesLessExpensesAmt0576963
IRS990/PYSalariesCompEmpBnftPaidAmt05841500
IRS990/PYTotalExpensesAmt09348257
IRS990/PYTotalRevenueAmt09925220
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-610277
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt08583495
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0300000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0300000
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04313490
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06706828
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011020318
IRS990ScheduleD/EquipmentGrp/BookValueAmt0283192
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03290513
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03573705
IRS990ScheduleD/ExpensesSubtotalAmt011680461
IRS990ScheduleD/LandGrp/BookValueAmt0376200
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0376200
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0120480
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0120480
IRS990ScheduleD/RevenueSubtotalAmt011070184
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04972882
IRS990ScheduleD/TotalExpensesPerForm990Amt011680461
IRS990ScheduleD/TotalRevenuePerForm990Amt011070184
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011070184
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011680461
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ROCKY MOUNT PREPARATORY SCHOOL, INC. OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt16A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ANNUAL FUNDRAIS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt029496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029496
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt029496
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt029496
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0NC CAPITAL FACILITIES FINANCE(BB&T) REFINANCE & CONST
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
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/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-09-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0561592154
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum065818PFM6
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NC CAPITAL FACILITIES FINANCE(BB&T)
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFINANCE & CONST
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt06286651
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CreditEnhancementAmt083349
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0130000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt03500000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02008
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06500000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROCKY MOUNT CHARTER IS A TUITION FREE INDEPENDENT PUBLIC CHARTER SCHOOL DEDICATED TO PROVIDING AN ACADEMIC COLLEGE PREPARATORY EDUCATION SUPPORTED BY A BALANCED PROGRAM OF RIGOROUS ACADEMICS, ARTS, ATHLETICS, EXPERIMENTAL LEARNING OPPORTUNITIES, AND COMMUNITY SERVICE. THE SHARED VALUES OF THE SCHOOL COMMUNITY ENCOURAGE STUDENTS TO REACH THEIR FULL POTENTIAL INTELLECTUALLY, PHYSICALLY, EMOTIONALLY, AND SOCIALLY. OUR ULTIMATE ENDEAVOR IS FOR ALL OF OUR COLLEGE TRACK STUDENTS TO MATRICULATE TO FOUR-YEAR INSTITUTIONS OF HIGHER LEARNING, AND FOR THOSE IN THE OCCUPATIONAL COURSE OF STUDY (OCS)PROGRAM TO ACQUIRE GAINFUL EMPLOYMENT UPON GRADUATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD TREASURER REVIEWS THE 990 WITH THE FINANCE DIRECTOR. IT IS THEN PRESENTED TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY. IF ANY CONFLICTS ARISE THEY ARE REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL AND COMPENSATION IS BASED ON COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4KEY EMPLOYEE SALARIES ARE BASED ON COMPARABILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED PSYCHOLOGY SER 15,302 2,700 0 CONTRACTED REPAIR/PART/MA 34,609 6,107 0 MISCELLANEOUS CONTRACTS 227,681 0 0 CONTRACTED SERVICE-NUTRIT 16,072 2,836 0 CONTRACTED SPEECH 74,239 13,101 0 CONTRACTED EXCEPTIONAL STUDEN 51,171 9,030 0 INSTRUCTIONAL CONTRACTED SVS 59,849 10,562 0 CONTRACTED SVC CUSTODIAL 132,558 23,393 0 CONTRACTED SVC ATHLETICS 17,149 3,026 0 CONTRACTED GENERAL ADMIN 0 242,059 0 CONTRACTED TECHNOLOGY 4,475 790 0 CONTRACTED SECURITY 19,241 3,395 0 CONTRACTED PAYROLL ADMIN 111,026 0 0 CONTRACTED SCHOOL OPS 122,402 0 0 CONTRACTED POWER SCHOOL 28,049 0 0 CONTRACTED SRO 57,645 0 0 TOTAL 971,468 316,999 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,425,694
Liabilities
$3,338,448
Net assets
$5,087,246
Revenue
$11,070,184
Expenses
$11,680,461
Net income
-$610,277
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.68$2.44$4.24$10.8$10.9$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.42$3.09$4.33$11.6$12.1$0.47
2022Detailed filing. Detailed filing data is available for this year.$8.43$3.34$5.09$11.1$11.7$0.61
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$3.65$5.70$9.93$9.35$0.58