Civic Intelligence

Aristotle Preparatory Academy Challenge Foundation Academy

990 • Fiscal year 2015 • EIN 45-4561665

Jul 01, 2014 to Jun 30, 2015 • Filed on Jul 10, 2015

Organization ProfileN/A

View Organization Page

2461 Arty AvenueCharlotte, NC 28208

(704) 215-4550

Siviq Scores

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

Liabilities / Assets

74th percentile

0.51x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

41st percentile

0.05x

Higher debt load relative to revenue than 41% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

35th percentile

-0.0%

Higher net margin than 35% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

62nd percentile

7.5%

Faster asset growth than 62% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

80th percentile

30%

Faster revenue growth than 80% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$140,227

Up $9,764 (+7.5%) from 2014

Net Assets

Down

$68,446

Down $355 (-0.5%) from 2014

Liabilities

Up

$71,781

Up $10,119 (+16%) from 2014

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin35th percentile

Revenue

Up

$1,325,275

Up $304,130 (+30%) from 2014

Expenses

Up

$1,325,630

Up $371,642 (+39%) from 2014

Net Income

Down

-$355

Down $67,512 (-101%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2014: $130,463Liabilities 2014: $61,662Net Assets 2014: $68,8012014Assets 2015: $140,227Liabilities 2015: $71,781Net Assets 2015: $68,4462015Assets 2016: $349,920Liabilities 2016: $205,369Net Assets 2016: $144,5512016Assets 2017: $240,468Liabilities 2017: $17,337Net Assets 2017: $223,1312017Assets 2018: $345,931Liabilities 2018: $9,576Net Assets 2018: $336,3552018Assets 2019: $174,059Liabilities 2019: $8,041Net Assets 2019: $166,0182019Assets 2020: $383,670Liabilities 2020: $158,512Net Assets 2020: $225,1582020Assets 2021: $599,717Liabilities 2021: $27,259Net Assets 2021: $572,4582021Assets 2022: $673,459Liabilities 2022: $100,888Net Assets 2022: $572,5712022Assets 2023: $15,318,309Liabilities 2023: $14,336,495Net Assets 2023: $981,8142023Assets 2024: $14,025,961Liabilities 2024: $14,655,608Net Assets 2024: -$629,6472024Assets 2025: $13,937,500Liabilities 2025: $15,451,298Net Assets 2025: -$1,513,7982025

Highlighted filing

2015

Assets$140,227
Liabilities$71,781
Net Assets$68,446
Open 2015 Filing

Operations Trend

Revenue Growth80th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,021,145Expenses 2014: $953,988Net Income 2014: $67,1572014Revenue 2015: $1,325,275Expenses 2015: $1,325,630Net Income 2015: -$3552015Revenue 2016: $1,614,302Expenses 2016: $1,538,197Net Income 2016: $76,1052016Revenue 2017: $1,457,296Expenses 2017: $1,378,716Net Income 2017: $78,5802017Revenue 2018: $1,341,846Expenses 2018: $1,228,622Net Income 2018: $113,2242018Revenue 2019: $1,237,753Expenses 2019: $1,408,090Net Income 2019: -$170,3372019Revenue 2020: $1,520,195Expenses 2020: $1,461,055Net Income 2020: $59,1402020Revenue 2021: $2,189,461Expenses 2021: $1,842,161Net Income 2021: $347,3002021Revenue 2022: $2,571,346Expenses 2022: $2,571,233Net Income 2022: $1132022Revenue 2023: $2,995,291Expenses 2023: $2,586,048Net Income 2023: $409,2432023Revenue 2024: $1,974,483Expenses 2024: $3,585,944Net Income 2024: -$1,611,4612024Revenue 2025: $3,575,105Expenses 2025: $4,459,256Net Income 2025: -$884,1512025

Highlighted filing

2015

Revenue$1,325,275
Expenses$1,325,630
Net Income-$355
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jul 10, 2015
Return Version
2014v6.0
Gross Receipts
$1,325,275
Mission and Program Overview

Mission

Operation of a public charter school.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,966$64,443▲ $18,477
Accounts Receivable$37,496$53,740▲ $16,244
Cash and Non-Interest-Bearing Accounts$17,768$13,656▼ $4,112
Prepaid Expenses and Deferred Charges$29,233$8,388▼ $20,845
Total Assets$130,463$140,227▲ $9,764
Liabilities
Unsecured Notes Loans Payable$50,000--
Other Liabilities$6,617$50,000▲ $43,383
Accounts Payable and Accrued Expenses$5,045$21,781▲ $16,736
Total Liabilities$61,662$71,781▲ $10,119
Net Assets / Fund Balance
Temporarily Rstr Net Assets$45,966$64,443▲ $18,477
Unrestricted Net Assets$22,835$4,003▼ $18,832
Total Net Assets Fund Balance$68,801$68,446▼ $355
Total Liabilities and Net Assets / Fund Balance$130,463$140,227▲ $9,764

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$26,598$19,191$45,789
Other Land Buildings$37,845-$37,845
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Demetrius CraytonChair
James BroomeVice Chair
Jason ColeDirector
Jay FergusonDirector
Linda SimthongDirector
Matt PipgrasDirector
Mike ShumateDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,287,456
Program Service Revenue
$12,867
Investment Income
$0
Other Revenue
$24,952
All Other Contributions
$140,354
Change in Net Assets
$-355

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,325,275
Total Revenue per Audited Statements
$1,325,275
Total Revenue per Form 990
$1,325,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$775,309
Other Expenses$550,321
Total Fundraising Expense$17,683
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$671,769$0$0$671,769
All Other Expenses$62,507$49,064$0$111,571
Occupancy$1,590$63,008$0$64,598
Payroll Taxes$61,108$0$0$61,108
Advertising$0$22,441$17,683$40,124
Information Technology$14,937$22,810$0$37,747
Other Employee Benefits$30,997$0$0$30,997
Conferences and Meetings$28,376$0$0$28,376
Insurance$17,542$7,846$0$25,388
Office Expenses$13,017$3,427$0$16,444
Depreciation Depletion$10,943$1,851$0$12,794
Pension Plan Contributions$11,435$0$0$11,435
Fees for Services Accounting$0$7,000$0$7,000
Other Expenses$818$0$0$818
Travel$800$0$0$800
Total Functional Expenses$1,031,591$276,356$17,683$1,325,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,325,630
Total Expenses per Audited Statements$1,325,630
Total Expenses per Form 990$1,325,630
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
Unearned revenues$50,000
Governance and Compliance

Governance Checklist

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

Filer

Filer Name
Aristotle Preparatory Academy
EIN
45-4561665
Phone
7042154550
Address
2461 Arty Avenue, Charlotte, NC 28208

Signing Officer

Name
Demetrius Crayton
Title
Chair
Phone
7042154550
Signed
2015-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Broome
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
58
Volunteers
10

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

“The board refviews prior to filing.”

Pt VI, Line 12C

“Conflict of Interest statements are signed annually.”

Pt VI, Line 15A

“Compared to other charter schools”

Pt VI, Line 15B

“Compared to other charter schools”

Form 990, Part IX, Line 24F

“Supplies and materials 38813. 30030. 8783. 0. Repairs and maintenance 26982. 94. 26888. 0. Non-capital ff&e 24616. 24616. 0. 0. Textbooks 7767. 7767. 0. 0. Gas/diesel fuel 13393. 0. 13393. 0.”

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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01325275
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt01325630
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt026598
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019191
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt045789
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt037845
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt037845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unearned revenues
IRS990ScheduleD/RevenueSubtotalAmt01325275
IRS990ScheduleD/TotalBookValueLandBuildingsAmt064443
IRS990ScheduleD/TotalExpensesPerForm990Amt01325630
IRS990ScheduleD/TotalLiabilityAmt050000
IRS990ScheduleD/TotalRevenuePerForm990Amt01325275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01325275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01325630
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/ExplanationTxt0POLICY IS INCLUDED IN STATEMENT OF PURPOSE. SEE EXPLANATION ON PAGE ONE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL GRANTS ARE AWARDED ANNUALLY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board refviews prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES AND MATERIALS 38813. 30030. 8783. 0. REPAIRS AND MAINTENANCE 26982. 94. 26888. 0. NON-CAPITAL FF&E 24616. 24616. 0. 0. TEXTBOOKS 7767. 7767. 0. 0. GAS/DIESEL FUEL 13393. 0. 13393. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt045966
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt064443
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0130463
IRS990/TotalAssetsEOYAmt0140227
IRS990/TotalAssetsGrp/BOYAmt0130463
IRS990/TotalAssetsGrp/EOYAmt0140227
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01287456
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt017683
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0276356
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01031591
IRS990/TotalFunctionalExpensesGrp/TotalAmt01325630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt061662
IRS990/TotalLiabilitiesEOYAmt071781
IRS990/TotalLiabilitiesGrp/BOYAmt061662
IRS990/TotalLiabilitiesGrp/EOYAmt071781
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt068801
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt068446
IRS990/TotalProgramServiceExpensesAmt01031591
IRS990/TotalProgramServiceRevenueAmt012867
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt037819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01325275
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0130463
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0140227
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0800
IRS990/TravelGrp/TotalAmt0800
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022835
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04003
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt050000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02461 Arty Avenue
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028208
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEMETRIUS CRAYTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07042154550
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aristotle Preparatory Academy
ReturnHeader/Filer/BusinessNameControlTxt0ARIS
ReturnHeader/Filer/EIN0454561665
ReturnHeader/Filer/PhoneNum07042154550

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$140,227
Liabilities
$71,781
Net assets
$68,446
Revenue
$1,325,275
Expenses
$1,325,630
Net income
-$355
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.9$15.5$1.51$3.58$4.46$0.88
2024Detailed filing. Detailed filing data is available for this year.$14.0$14.7$0.63$1.97$3.59$1.61
2023Detailed filing. Detailed filing data is available for this year.$15.3$14.3$0.98$3.00$2.59$0.41
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.10$0.57$2.57$2.57$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.03$0.57$2.19$1.84$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.38$0.16$0.23$1.52$1.46$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.17$1.24$1.41$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.01$0.34$1.34$1.23$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.24$0.02$0.22$1.46$1.38$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.35$0.21$0.14$1.61$1.54$0.08
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.07$0.07$1.33$1.33$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.06$0.07$1.02$0.95$0.07