Civic Intelligence

Anderson Creek Club Charter School Inc

EIN 38-3865333 • 501(c)3 • Spring Lake, NC

Profile

The operation of a public charter

4940 Ray RoadSpring Lake, NC 28390

www.andersoncreekcharter.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.09x

Higher debt load relative to assets than 52% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.09x

Higher debt load relative to revenue than 55% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$85,750

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2024

Asset Growth

46th percentile

3.1%

Faster asset growth than 46% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

50th percentile

8.4%

Faster revenue growth than 50% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,418,228

Up $103,709 (+3.1%) from 2023

Liabilities

Down

$294,630

Down $525,183 (-64%) from 2023

Net Assets

Up

$3,123,598

Up $628,892 (+25%) from 2023

Revenue

Up

$3,250,963

Up $252,829 (+8.4%) from 2023

Expenses

Up

$2,622,071

Up $67,594 (+2.6%) from 2023

Net Income

Up

$628,892

Up $185,235 (+42%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $39,937Liabilities 2015: $23,213Net Assets 2015: $16,7242015Assets 2016: $134,081Liabilities 2016: $42,333Net Assets 2016: $91,7482016Assets 2017: $323,413Liabilities 2017: $13,514Net Assets 2017: $309,8992017Assets 2018: $510,573Liabilities 2018: $47,606Net Assets 2018: $462,9672018Assets 2019: $2,512,952Liabilities 2019: $1,807,534Net Assets 2019: $705,4182019Assets 2020: $3,064,619Liabilities 2020: $2,016,055Net Assets 2020: $1,048,5642020Assets 2021: $3,367,854Liabilities 2021: $1,716,904Net Assets 2021: $1,650,9502021Assets 2022: $3,721,635Liabilities 2022: $1,670,586Net Assets 2022: $2,051,0492022Assets 2023: $3,314,519Liabilities 2023: $819,813Net Assets 2023: $2,494,7062023Assets 2024: $3,418,228Liabilities 2024: $294,630Net Assets 2024: $3,123,5982024

Highlighted filing

2024

Assets$3,418,228
Liabilities$294,630
Net Assets$3,123,598

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2015: $1,184,772Expenses 2015: $1,168,098Net Income 2015: $16,6742015Revenue 2016: $1,557,727Expenses 2016: $1,482,703Net Income 2016: $75,0242016Revenue 2017: $1,828,828Expenses 2017: $1,610,677Net Income 2017: $218,1512017Revenue 2018: $1,971,448Expenses 2018: $1,818,380Net Income 2018: $153,0682018Revenue 2019: $2,213,460Expenses 2019: $1,971,009Net Income 2019: $242,4512019Revenue 2020: $2,353,956Expenses 2020: $2,010,810Net Income 2020: $343,1462020Revenue 2021: $2,964,601Expenses 2021: $2,362,215Net Income 2021: $602,3862021Revenue 2022: $2,855,887Expenses 2022: $2,455,788Net Income 2022: $400,0992022Revenue 2023: $2,998,134Expenses 2023: $2,554,477Net Income 2023: $443,6572023Revenue 2024: $3,250,963Expenses 2024: $2,622,071Net Income 2024: $628,8922024

Highlighted filing

2024

Revenue$3,250,963
Expenses$2,622,071
Net Income$628,892

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 8, 2020
Return Version
2018v3.1
Gross Receipts
$2,213,460
Mission and Program Overview

Mission

The operation of a public charter

The operation of a public charter school for the education of children in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$209,202$1,958,047▲ $1,748,845
Cash and Non-Interest-Bearing Accounts$275,106$543,220▲ $268,114
Accounts Receivable$26,265$11,685▼ $14,580
Total Assets$510,573$2,512,952▲ $2,002,379
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,779,796-
Accounts Payable and Accrued Expenses$33,963$16,053▼ $17,910
Other Liabilities$13,643$0▼ $13,643
Deferred Revenue-$11,685-
Total Liabilities$47,606$1,807,534▲ $1,759,928
Net Assets / Fund Balance
Temporarily Rstr Net Assets$209,202$391,404▲ $182,202
Unrestricted Net Assets$253,765$314,014▲ $60,249
Total Net Assets Fund Balance$462,967$705,418▲ $242,451
Total Liabilities and Net Assets / Fund Balance$510,573$2,512,952▲ $2,002,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,716,359$45,031$1,761,390
Land$198,000-$198,000
Leasehold Improvements$37,403$13,725$51,128
Equipment$6,285$6,351$12,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ofira Grace MerkleNon-Voting DirectorPT$28,672$28,672

Board Members and Trustees

NameTitle
John D WerdermanChair
Steven ShotzV Chair
Marilyn LevinsonVice-Chair
Andy BarrDirector
Karen JonesDirector
Kenneth AdelbergDirector
Kerry AgnelloDirector
Lisa CliffordDirector
Ann SteinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,124,139
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$89,321
All Other Contributions
$6,589
Change in Net Assets
$242,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,213,460
Total Revenue per Audited Statements
$2,213,460
Total Revenue per Form 990
$2,213,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,414,802
Other Expenses$556,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,141,041$63,300$0$1,204,341
All Other Expenses$70,485$58,143$0$128,628
Payroll Taxes$93,475$5,717$0$99,192
Other Employee Benefits$74,184$6,027$0$80,211
Interest$0$66,330$0$66,330
Depreciation Depletion$2,234$48,921$0$51,155
Pension Plan Contributions$26,733$4,325$0$31,058
Occupancy$0$26,538$0$26,538
Other Expenses$24,958$0$0$24,958
Information Technology$17,457$0$0$17,457
Office Expenses$6,183$10,315$0$16,498
Conferences and Meetings$15,670$0$0$15,670
Insurance$0$12,264$0$12,264
Fees for Services Accounting$0$8,404$0$8,404
Travel$350$4,830$0$5,180
Advertising$0$1,709$0$1,709
Total Functional Expenses$1,580,434$390,575$0$1,971,009

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,971,009
Total Expenses per Audited Statements$1,971,009
Total Expenses per Form 990$1,971,009
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensated absences$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Anderson Creek Academy Inc
EIN
38-3865333
Phone
9108149001
Address
4940 Ray Road, Spring Lake, NC 28390

Signing Officer

Name
John D Werderman
Title
Chair
Phone
9108149001
Signed
2020-01-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Werderman
Formed
2012
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
55
Volunteers
145

Preparer

Firm
Darrell L Keller CPA PA
Address
PO Box 1028, Kings Mountain, NC 28086
Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is given to the board for review prior to filing.

Pt VI, Line 12C

Conflict of interest signed by all board members annually.

Pt VI, Line 15A

Compared to other charter schools.

Pt VI, Line 2

Board chair and another board member are married.

Pt VI, Line 2

Three board members own businesses together.

Form 990, Part IX, Line 24E

Food Purchases 3367. 0. 3367. 0.

Form 990, Part IX, Line 24E

Field Trips 9059. 9059. 0. 0.

Form 990, Part IX, Line 24E

Non-Cap Equipment 67823. 61426. 6397. 0.

Form 990, Part IX, Line 24E

Non Cap Improvements 48379. 0. 48379. 0.

Raw XML AppendixShowing 400 of 470 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt140659
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt26589
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt089321
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt063300
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01141041
IRS990/OtherSalariesAndWagesGrp/TotalAmt01204341
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05717
IRS990/PayrollTaxesGrp/ProgramServicesAmt093475
IRS990/PayrollTaxesGrp/TotalAmt099192
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04325
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026733
IRS990/PensionPlanContributionsGrp/TotalAmt031058
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0John Werderman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01925640
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0542487
IRS990/PYOtherRevenueAmt045808
IRS990/PYRevenuesLessExpensesAmt0153068
IRS990/PYSalariesCompEmpBnftPaidAmt01275893
IRS990/PYTotalExpensesAmt01818380
IRS990/PYTotalRevenueAmt01971448
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0242451
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02213460
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01716359
IRS990ScheduleD/BuildingsGrp/DepreciationAmt045031
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01761390
IRS990ScheduleD/EquipmentGrp/BookValueAmt06285
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06351
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012636
IRS990ScheduleD/ExpensesSubtotalAmt01971009
IRS990ScheduleD/LandGrp/BookValueAmt0198000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0198000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt037403
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013725
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt051128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated absences
IRS990ScheduleD/RevenueSubtotalAmt02213460
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01958047
IRS990ScheduleD/TotalExpensesPerForm990Amt01971009
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02213460
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02213460
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01971009
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/ExplanationTxt0N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Included in all brochures, applications, and any advertising done on behalf of the school. Included in all forms of advertising.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is given to the board for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest signed by all board members annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board chair and another board member are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Three board members own businesses together.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Food Purchases 3367. 0. 3367. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Field Trips 9059. 9059. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Non-Cap Equipment 67823. 61426. 6397. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Non Cap Improvements 48379. 0. 48379. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0209202
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0391404
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0510573
IRS990/TotalAssetsEOYAmt02512952
IRS990/TotalAssetsGrp/BOYAmt0510573
IRS990/TotalAssetsGrp/EOYAmt02512952
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02124139
IRS990/TotalEmployeeCnt055
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0390575
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01580434

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