Civic Intelligence

Legacy Preparatory Academy

990 • Fiscal year 2015 • EIN 45-3568037

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileWWW.CHARLOTTELEARNINGACADEMY.ORG
9716-b Rea RoadCharlotte, NC 28208

(704) 661-7134

Siviq Scores

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

Liabilities / Assets

99th percentile

2.78x

Higher debt load relative to assets than 99% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.33x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

37th percentile

$18,750

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

100th percentile

14858500%

Faster asset growth than 100% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$148,586

Up $148,585 (+14858500%) from 2014

Net Assets

-$264,171

No earlier filing loaded for comparison.

Liabilities

Up

$412,757

Up $412,757 from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin13th percentile

Revenue

Up

$1,236,884

Up $1,236,884 from 2014

Expenses

Up

$1,501,055

Up $1,501,055 from 2014

Net Income

Down

-$264,171

Down $264,171 from 2014

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$1.0M$500K$0-$500KAssets 2012: $1Liabilities 2012: $02012Assets 2013: $1Liabilities 2013: $02013Assets 2014: $1Liabilities 2014: $02014Assets 2015: $148,586Liabilities 2015: $412,757Net Assets 2015: -$264,1712015Assets 2016: $174,581Liabilities 2016: $58,413Net Assets 2016: $116,1682016Assets 2017: $232,569Liabilities 2017: $41,337Net Assets 2017: $191,2322017Assets 2018: $599,929Liabilities 2018: $579,664Net Assets 2018: $20,2652018

Highlighted filing

2015

Assets$148,586
Liabilities$412,757
Net Assets-$264,171
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $0Expenses 2012: $0Net Income 2012: $02012Revenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $1,236,884Expenses 2015: $1,501,055Net Income 2015: -$264,1712015Revenue 2016: $1,906,383Expenses 2016: $1,526,044Net Income 2016: $380,3392016Revenue 2017: $2,353,384Expenses 2017: $2,278,320Net Income 2017: $75,0642017Revenue 2018: $2,767,833Expenses 2018: $2,938,800Net Income 2018: -$170,9672018

Highlighted filing

2015

Revenue$1,236,884
Expenses$1,501,055
Net Income-$264,171
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v6.0
Gross Receipts
$1,236,884
Mission and Program Overview

Mission

The mission of charlotte learning academy (cla) is to create a student- centered educational environment for at-risk students that challenge them to maintain high levels of motivation and achievement while installing the discipline, respect, perseverance, scholarship and excellence they need to succeed in college and other post-secondary opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$137,110-
Loans From Officers Directors-$125,984-
Accounts Receivable-$7,335-
Prepaid Expenses and Deferred Charges-$3,168-
Cash and Non-Interest-Bearing Accounts-$473-
Total Assets$0$148,586▲ $148,586
Other Assets Total-$500-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$165,673-
Accounts Payable and Accrued Expenses-$121,100-
Total Liabilities$0$412,757▲ $412,757
Net Assets / Fund Balance
Unrestricted Net Assets-$-264,171-
Total Net Assets Fund Balance$0$-264,171▼ $264,171
Total Liabilities and Net Assets / Fund Balance$0$148,586▲ $148,586

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$108,212$11,391$119,603
Leasehold Improvements$28,898$997$29,895
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stacey RoseFounder & PrFT$18,750$18,750

Board Members and Trustees

NameTitle
Pamela FarewellChairman
Bruce EdwardsVice Chairma
Cynthia HaileyBoard Member
Shannon HamesBoard Member
Andre RoseSecretary
Montae MonroeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,182,574
Program Service Revenue
$43,012
Investment Income
$0
Other Revenue
$11,298
All Other Contributions
$6,487
Change in Net Assets
$-264,171

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,236,884
Total Revenue per Audited Statements
$1,236,884
Total Revenue per Form 990
$1,236,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$804,951
Salaries, Compensation, and Employee Benefits$696,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$567,401$5,500-$572,901
Occupancy-$228,837-$228,837
Travel-$208,193-$208,193
Fees for Services Other$4,095$137,818-$141,913
Other Employee Benefits$59,158$641-$59,799
Information Technology$35,243$14,765-$50,008
Payroll Taxes$44,022$532-$44,554
Current Officers, Directors, Trustees, and Key Employees$18,850--$18,850
Office Expenses$9,314$7,528-$16,842
Insurance$5,605$10,023-$15,628
Depreciation Depletion$12,388--$12,388
Advertising-$7,414-$7,414
Other Expenses$6,195--$6,195
Interest$144--$144
Total Functional Expenses$879,804$621,251$0$1,501,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,501,055
Total Expenses per Audited Statements$1,501,055
Total Expenses per Form 990$1,501,055
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$125,984-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

“Form 990 is provided to the board for a review prior to filing”

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

“The board of directors reviews and approves the compensation of the organization's officers and employees”

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

“The board of directors reviews and approves the compensation of the organization's officers and employees”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflicts of interest policy and financial statements are available to the public in the front office of the school.”

Filing and Contact Details

Filer

Filer Name
Charlotte Learning Academy
EIN
45-3568037
Phone
7046617134
Address
9716-B REA ROAD, CHARLOTTE, NC 28208

Signing Officer

Name
Stacey Rose
Title
Founder & Principal
Phone
7046617134
Signed
2015-11-13

Organization Details

Principal Officer
Stacey Rose
Formed
2011
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
23
Volunteers
4

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of charlotte learning academy (cla) is to create a student- centered educational environment for at-risk students that challenge them to maintain high levels of motivation and achievement while installing the discipline, respect, perseverance, scholarship and excellence they need to succeed in college and other post-secondary opportunities.”

Raw XML Appendix364 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/EOYAmt0121100
IRS990/AccountsReceivableGrp/EOYAmt07335
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF CHARLOTTE LEARNING ACADEMY (CLA) IS TO CREATE A STUDENT- CENTERED EDUCATIONAL ENVIRONMENT FOR AT-RISK STUDENTS THAT CHALLENGE THEM TO MAINTAIN HIGH LEVELS OF MOTIVATION AND ACHIEVEMENT WHILE INSTALLING THE DISCIPLINE, RESPECT, PERSEVERANCE, SCHOLARSHIP AND EXCELLENCE THEY NEED TO SUCCEED IN COLLEGE AND OTHER POST-SECONDARY OPPORTUNITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07414
IRS990/AdvertisingGrp/TotalAmt07414
IRS990/AllOtherContributionsAmt06487
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ACADIA NORTHSTAR LLC
IRS990/BooksInCareOfDetail/PhoneNum08283956981
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0191 NORTH MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0RUTHERFORDTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028139
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt0473
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt018850
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt018850
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01182574
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0804951
IRS990/CYOtherRevenueAmt011298
IRS990/CYProgramServiceRevenueAmt043012
IRS990/CYRevenuesLessExpensesAmt0-264171
IRS990/CYSalariesCompEmpBnftPaidAmt0696104
IRS990/CYTotalExpensesAmt01501055
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01236884
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt012388
IRS990/DepreciationDepletionGrp/TotalAmt012388
IRS990/Desc0THE CHARLOTTE LEARNING ACADEMY IS A PUBLIC SCHOOL OPERATED BY A NON-PROFIT CORPORATION, SERVING APPROXIMATELY 145 STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0879804
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0137818
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04095
IRS990/FeesForServicesOtherGrp/TotalAmt0141913
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.75
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0PAMELA FAREWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1BRUCE EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm2MONTAE MONROE
IRS990/Form990PartVIISectionAGrp/PersonNm3ANDRE ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm4CYNTHIA HAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm5SHANNON HAMES
IRS990/Form990PartVIISectionAGrp/PersonNm6STACEY ROSE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt618750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6FOUNDER & PR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt01176087
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01236884
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt014765
IRS990/InformationTechnologyGrp/ProgramServicesAmt035243
IRS990/InformationTechnologyGrp/TotalAmt050008
IRS990/InsuranceGrp/ManagementAndGeneralAmt010023
IRS990/InsuranceGrp/ProgramServicesAmt05605
IRS990/InsuranceGrp/TotalAmt015628
IRS990/InterestGrp/ProgramServicesAmt0144
IRS990/InterestGrp/TotalAmt0144
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012388
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0137110
IRS990/LandBldgEquipCostOrOtherBssAmt0149498
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0125984
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF CHARLOTTE LEARNING ACADEMY (CLA) IS TO CREATE A STUDENT- CENTERED EDUCATIONAL ENVIRONMENT FOR AT-RISK STUDENTS THAT CHALLENGE THEM TO MAINTAIN HIGH LEVELS OF MOTIVATION AND ACHIEVEMENT WHILE INSTALLING THE DISCIPLINE, RESPECT, PERSEVERANCE, SCHOLARSHIP AND EXCELLENCE THEY NEED TO SUCCEED IN COLLEGE AND OTHER POST-SECONDARY OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0165673
IRS990/NetAssetsOrFundBalancesEOYAmt0-264171
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0228837
IRS990/OccupancyGrp/TotalAmt0228837
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07528
IRS990/OfficeExpensesGrp/ProgramServicesAmt09314
IRS990/OfficeExpensesGrp/TotalAmt016842
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0500
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0641
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt059158
IRS990/OtherEmployeeBenefitsGrp/TotalAmt059799
IRS990/OtherExpensesGrp/Desc0NUTRITION & FOOD
IRS990/OtherExpensesGrp/Desc1NON-CAP EQUIPMENT & LEASE
IRS990/OtherExpensesGrp/Desc2BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3SALES TAX EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt069406
IRS990/OtherExpensesGrp/ProgramServicesAmt139426
IRS990/OtherExpensesGrp/ProgramServicesAmt28557
IRS990/OtherExpensesGrp/ProgramServicesAmt36195
IRS990/OtherExpensesGrp/TotalAmt069406
IRS990/OtherExpensesGrp/TotalAmt139426
IRS990/OtherExpensesGrp/TotalAmt28557
IRS990/OtherExpensesGrp/TotalAmt36195
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011298
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011298
IRS990/OtherRevenueTotalAmt011298
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0567401
IRS990/OtherSalariesAndWagesGrp/TotalAmt0572901
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0532
IRS990/PayrollTaxesGrp/ProgramServicesAmt044022
IRS990/PayrollTaxesGrp/TotalAmt044554
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03168
IRS990/PrincipalOfficerNm0STACEY ROSE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0USDA REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt040678
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12334
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040678
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12334
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/ReconcilationRevenueExpnssAmt0-264171
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0108212
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119603
IRS990ScheduleD/ExpensesSubtotalAmt01501055
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt028898
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0997
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt029895
IRS990ScheduleD/RevenueSubtotalAmt01236884
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0137110
IRS990ScheduleD/TotalExpensesPerForm990Amt01501055
IRS990ScheduleD/TotalRevenuePerForm990Amt01236884
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01236884
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01501055
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/ExplanationTxt0CHARLOTTE LEARNING ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FOM 5578. THEREFORE SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CHARLOTTE LEARNING ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FOM 5578. THEREFORE SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS ORGANIZED AS A CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115C-238 29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0125984
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0126000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ANDRE P ROSE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0125984
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF CHARLOTTE LEARNING ACADEMY (CLA) IS TO CREATE A STUDENT- CENTERED EDUCATIONAL ENVIRONMENT FOR AT-RISK STUDENTS THAT CHALLENGE THEM TO MAINTAIN HIGH LEVELS OF MOTIVATION AND ACHIEVEMENT WHILE INSTALLING THE DISCIPLINE, RESPECT, PERSEVERANCE, SCHOLARSHIP AND EXCELLENCE THEY NEED TO SUCCEED IN COLLEGE AND OTHER POST-SECONDARY OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD FOR A REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND EMPLOYEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC IN THE FRONT OFFICE OF THE SCHOOL.
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt0148586
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0148586
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01182574
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0621251
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0879804
IRS990/TotalFunctionalExpensesGrp/TotalAmt01501055
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0412757
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0412757
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-264171
IRS990/TotalProgramServiceExpensesAmt0879804
IRS990/TotalProgramServiceRevenueAmt043012
IRS990/TotalReportableCompFromOrgAmt018750
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt054310
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01236884
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0148586
IRS990/TravelGrp/ManagementAndGeneralAmt0208193
IRS990/TravelGrp/TotalAmt0208193
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-264171
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt09716-B REA ROAD
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028208
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CHARLOTTELEARNINGACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STACEY ROSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum07046617134
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLOTTE LEARNING ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0453568037
ReturnHeader/Filer/PhoneNum07046617134
ReturnHeader/Filer/USAddress/AddressLine1Txt09716-B REA ROAD
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200427530
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RIVES & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04515 FALLS OF NEUSE ROAD SUITE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027609
ReturnHeader/PreparerPersonGrp/PhoneNum09198326848
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS B CORNWELL CPA
ReturnHeader/ReturnTs02016-02-05T15:13:30-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$148,586
Liabilities
$412,757
Net assets
-$264,171
Revenue
$1,236,884
Expenses
$1,501,055
Net income
-$264,171
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.58$0.02$2.77$2.94$0.17
2017Detailed filing. Detailed filing data is available for this year.$0.23$0.04$0.19$2.35$2.28$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.06$0.12$1.91$1.53$0.38
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.41$0.26$1.24$1.50$0.26
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00