Civic Intelligence

Legacy Preparatory Academy

990 • Fiscal year 2017 • EIN 45-3568037

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

Organization ProfileWWW.CHARLOTTELEARNINGACADEMY.ORG
800 Briar Creek Rd Suite Dd400Charlotte, NC 28205

(704) 661-7134

Siviq Scores

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

Liabilities / Assets

61st percentile

0.18x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

51st percentile

3.2%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

87th percentile

33%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

76th percentile

23%

Faster revenue growth than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$232,569

Up $57,988 (+33%) from 2016

Net Assets

Up

$191,232

Up $75,064 (+65%) from 2016

Liabilities

Down

$41,337

Down $17,076 (-29%) from 2016

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin51st percentile

Revenue

Up

$2,353,384

Up $447,001 (+23%) from 2016

Expenses

Up

$2,278,320

Up $752,276 (+49%) from 2016

Net Income

Down

$75,064

Down $305,275 (-80%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2017

Assets$232,569
Liabilities$41,337
Net Assets$191,232
Open 2017 Filing

Operations Trend

Revenue Growth76th percentile

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

2017

Revenue$2,353,384
Expenses$2,278,320
Net Income$75,064
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$2,370,049
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$118,031$123,047▲ $5,016
Cash and Non-Interest-Bearing Accounts$36,380$86,522▲ $50,142
Prepaid Expenses and Deferred Charges$13,903$22,500▲ $8,597
Accounts Receivable$5,767--
Total Assets$174,581$232,569▲ $57,988
Other Assets Total$500$500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$57,177$29,742▼ $27,435
Accounts Payable and Accrued Expenses$1,236$11,595▲ $10,359
Total Liabilities$58,413$41,337▼ $17,076
Net Assets / Fund Balance
Unrestricted Net Assets$116,168$191,232▲ $75,064
Total Net Assets Fund Balance$116,168$191,232▲ $75,064
Total Liabilities and Net Assets / Fund Balance$174,581$232,569▲ $57,988

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$74,040$45,563$119,603
Leasehold Improvements$24,912$4,983$29,895
Land$24,095-$24,095
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey RoseFounder & PrFT$89,532$2,475$92,007

Board Members and Trustees

NameTitle
Pamela FarewellChairman
Kim ScottVice Chairma
Akenna BlackmonBoard Member
Andre RoseSecretary
Montae MonroeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,350,386
Program Service Revenue
$3,351
Investment Income
$0
Other Revenue
$-353
All Other Contributions
$4,417
Change in Net Assets
$75,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,353,384
Revenue Not Reported on Form 990
$16,665
Total Revenue per Audited Statements
$2,370,049
Total Revenue per Form 990
$2,353,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,327,575
Other Expenses$950,745
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,041,886$6,916-$1,048,802
Occupancy-$183,283-$183,283
Payroll Taxes$98,004$610-$98,614
Current Officers, Directors, Trustees, and Key Employees$89,532--$89,532
Other Employee Benefits$66,820$7-$66,827
Other Expenses$32,102$380,877-$32,102
Pension Plan Contributions$22,722$1,078-$23,800
Depreciation Depletion$19,079--$19,079
Interest-$3,568-$3,568
Total Functional Expenses$1,701,981$576,339$0$2,278,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,294,985
Expenses per Audited Statements$2,278,320
Total Expenses per Form 990$2,278,320
Expenses Not Reported on Form 990$16,665
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,665
Fundraising Gross Income$6,634
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Bettye MonroeSpouseCafeteria ManagerNo$26,374
Alexis CaldwellSisterProject CoordinatorNo$1,938
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
Yes
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

“The 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
800 BRIAR CREEK RD SUITE DD400, CHARLOTTE, NC 28205

Signing Officer

Name
Stacey Rose
Title
Founder & Principal
Phone
7046617134
Signed
2017-11-15

Organization Details

Principal Officer
Stacey Rose
Formed
2011
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
36
Volunteers
25

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
3362488281
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.”

Form 990, Part XI, Line 9

“Fundraising 16,665 fundraising -16,665”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“FUNDRAISING 16,665”

Schedule D, Page 4, Part XII, Line 2D

“FUNDRAISING 16,665”

Raw XML Appendix382 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/BOYAmt01236
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011595
IRS990/AccountsReceivableGrp/BOYAmt05767
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/AddressChangeInd0X
IRS990/AllOtherContributionsAmt04417
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
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/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt036380
IRS990/CashNonInterestBearingGrp/EOYAmt086522
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt089532
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt089532
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02350386
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0950745
IRS990/CYOtherRevenueAmt0-353
IRS990/CYProgramServiceRevenueAmt03351
IRS990/CYRevenuesLessExpensesAmt075064
IRS990/CYSalariesCompEmpBnftPaidAmt01327575
IRS990/CYTotalExpensesAmt02278320
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02353384
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt019079
IRS990/DepreciationDepletionGrp/TotalAmt019079
IRS990/Desc0THE CHARLOTTE LEARNING ACADEMY IS A PUBLIC SCHOOL OPERATED BY A NON-PROFIT CORPORATION, SERVING APPROXIMATELY 241 STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt036
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01701981
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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/OtherCompensationAmt52475
IRS990/Form990PartVIISectionAGrp/PersonNm0PAMELA FAREWELL
IRS990/Form990PartVIISectionAGrp/PersonNm1KIM SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm2MONTAE MONROE
IRS990/Form990PartVIISectionAGrp/PersonNm3ANDRE ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm4AKENNA BLACKMON
IRS990/Form990PartVIISectionAGrp/PersonNm5STACEY ROSE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt589532
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5FOUNDER & PR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02011
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt016665
IRS990/FundraisingGrossIncomeAmt06634
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt02345969
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02370049
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt03568
IRS990/InterestGrp/TotalAmt03568
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt050546
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0118031
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0123047
IRS990/LandBldgEquipCostOrOtherBssAmt0173593
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
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/BOYAmt057177
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029742
IRS990/NetAssetsOrFundBalancesBOYAmt0116168
IRS990/NetAssetsOrFundBalancesEOYAmt0191232
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-10031
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-10031
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0183283
IRS990/OccupancyGrp/TotalAmt0183283
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0500
IRS990/OtherAssetsTotalGrp/EOYAmt0500
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt066820
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066827
IRS990/OtherExpensesGrp/Desc0SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL PROGRAMS
IRS990/OtherExpensesGrp/Desc2COMMUNITY SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0380877
IRS990/OtherExpensesGrp/ProgramServicesAmt0331836
IRS990/OtherExpensesGrp/ProgramServicesAmt132102
IRS990/OtherExpensesGrp/TotalAmt0380877
IRS990/OtherExpensesGrp/TotalAmt1331836
IRS990/OtherExpensesGrp/TotalAmt232102
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05806
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13872
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13872
IRS990/OtherRevenueTotalAmt09678
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt06916
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01041886
IRS990/OtherSalariesAndWagesGrp/TotalAmt01048802
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0610
IRS990/PayrollTaxesGrp/ProgramServicesAmt098004
IRS990/PayrollTaxesGrp/TotalAmt098614
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01078
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt022722
IRS990/PensionPlanContributionsGrp/TotalAmt023800
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013903
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt022500
IRS990/PrincipalOfficerNm0STACEY ROSE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03351
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01834183
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0636777
IRS990/PYOtherRevenueAmt09715
IRS990/PYProgramServiceRevenueAmt062485
IRS990/PYRevenuesLessExpensesAmt0380339
IRS990/PYSalariesCompEmpBnftPaidAmt0889267
IRS990/PYTotalExpensesAmt01526044
IRS990/PYTotalRevenueAmt01906383
IRS990/ReconcilationRevenueExpnssAmt075064
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03351
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt074040
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119603
IRS990ScheduleD/ExpensesNotReportedAmt016665
IRS990ScheduleD/ExpensesSubtotalAmt02278320
IRS990ScheduleD/LandGrp/BookValueAmt024095
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt024095
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024912
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04983
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt029895
IRS990ScheduleD/OtherExpensesIncludedAmt016665
IRS990ScheduleD/OtherRevenueAmt016665
IRS990ScheduleD/RevenueNotReportedAmt016665
IRS990ScheduleD/RevenueSubtotalAmt02353384
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING 16,665
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING 16,665
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0123047
IRS990ScheduleD/TotalExpensesPerForm990Amt02278320
IRS990ScheduleD/TotalRevenuePerForm990Amt02353384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02370049
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02294985
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 FORM 5578. THEREFORE SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1CHARLOTTE LEARNING ACADEMY IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 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/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BETTYE MONROE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1ALEXIS CALDWELL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1SISTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt026374
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11938
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CAFETERIA MANAGER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PROJECT COORDINATOR
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BETTYE MONROE, WIFE OF BOARD MEMBER MONTAE MONROE, WAS HIRED AS CAFETERIA MANAGER IN AUGUST OF 2016 AND EARNED A SALARY OF 26,374 FOR THE YEAR ENDED JUNE 30, 2017. ALEXIS CALDWELL, SISTER OF PRINCIPAL AND NON-VOTING BOARD MEMBER STACEY ROSE AND SISTER IN LAW OF BOARD MEMBER ANDRE ROSE, HIRED AS BENEFITS ADMIN/PROJECT COORDINATOR IN JUNE OF 2017 AND EARNED A SALARY OF 1,938 FOR THE YEAR ENDED JUNE 30, 2017.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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/ExplanationTxt1THE 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/ExplanationTxt5FUNDRAISING 16,665 FUNDRAISING -16,665
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0174581
IRS990/TotalAssetsEOYAmt0232569
IRS990/TotalAssetsGrp/BOYAmt0174581
IRS990/TotalAssetsGrp/EOYAmt0232569
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02350386
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0576339
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01701981
IRS990/TotalFunctionalExpensesGrp/TotalAmt02278320
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058413
IRS990/TotalLiabilitiesEOYAmt041337
IRS990/TotalLiabilitiesGrp/BOYAmt058413
IRS990/TotalLiabilitiesGrp/EOYAmt041337
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0116168
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0191232
IRS990/TotalOtherCompensationAmt02475
IRS990/TotalProgramServiceExpensesAmt01701981
IRS990/TotalProgramServiceRevenueAmt03351
IRS990/TotalReportableCompFromOrgAmt089532
IRS990/TotalRevenueGrp/ExclusionAmt0-10031
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013029
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02353384
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174581
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0232569
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0116168
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0191232
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0800 BRIAR CREEK RD SUITE DD400
IRS990/USAddress/CityNm0CHARLOTTE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.CHARLOTTELEARNINGACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STACEY ROSE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FOUNDER & PRINCIPAL
ReturnHeader/BusinessOfficerGrp/PhoneNum07046617134
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLOTTE LEARNING ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0453568037
ReturnHeader/Filer/PhoneNum07046617134
ReturnHeader/Filer/USAddress/AddressLine1Txt0800 BRIAR CREEK RD SUITE DD400
ReturnHeader/Filer/USAddress/CityNm0CHARLOTTE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028205
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId00F2550738D488F53F56428640779112F7D63D220
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07C7E532511B4A30E5E186FF279C0311B989EE4FE
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/PhoneNum03362488281
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS B CORNWELL CPA
ReturnHeader/ReturnTs02018-02-01T08:51:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$232,569
Liabilities
$41,337
Net assets
$191,232
Revenue
$2,353,384
Expenses
$2,278,320
Net income
$75,064
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