Civic Intelligence

Aristotle Preparatory Academy Challenge Foundation Academy

990 • Fiscal year 2019 • EIN 45-4561665

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 24, 2020

Organization Profilewww.aristotle.teamcfa.school

View Organization Page

8101 Fallsdale DriveCharlotte, NC 28214

(980) 237-0371

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.01x

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

1st percentile

-50%

Faster asset growth than 1% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

23rd percentile

-7.8%

Faster revenue growth than 23% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$174,059

Down $171,872 (-50%) from 2018

Net Assets

Down

$166,018

Down $170,337 (-51%) from 2018

Liabilities

Down

$8,041

Down $1,535 (-16%) from 2018

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin13th percentile

Revenue

Down

$1,237,753

Down $104,093 (-7.8%) from 2018

Expenses

Up

$1,408,090

Up $179,468 (+15%) from 2018

Net Income

Down

-$170,337

Down $283,561 (-250%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2019

Assets$174,059
Liabilities$8,041
Net Assets$166,018
Open 2019 Filing

Operations Trend

Revenue Growth23rd 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

2019

Revenue$1,237,753
Expenses$1,408,090
Net Income-$170,337
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 24, 2020
Return Version
2018v3.1
Gross Receipts
$1,237,753
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
Cash and Non-Interest-Bearing Accounts$306,081$104,158▼ $201,923
Accounts Receivable$13,585$40,564▲ $26,979
Prepaid Expenses and Deferred Charges$5,996$14,908▲ $8,912
Land, Buildings, and Equipment, Net$20,269$14,429▼ $5,840
Total Assets$345,931$174,059▼ $171,872
Liabilities
Accounts Payable and Accrued Expenses$9,576$8,041▼ $1,535
Other Liabilities$0$0→ $0
Total Liabilities$9,576$8,041▼ $1,535
Net Assets / Fund Balance
Unrestricted Net Assets$316,086$151,589▼ $164,497
Temporarily Rstr Net Assets$20,269$14,429▼ $5,840
Total Net Assets Fund Balance$336,355$166,018▼ $170,337
Total Liabilities and Net Assets / Fund Balance$345,931$174,059▼ $171,872

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,429$52,786$67,215
Land$0--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Chauntell IngallsChair
Brian PayneDirector
Jason ColeDirector
Persephone EnglishDirector
Siobhan PapaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,116,018
Program Service Revenue
$79,405
Investment Income
$0
Other Revenue
$42,330
All Other Contributions
$12,220
Change in Net Assets
$-170,337

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,237,753
Total Revenue per Audited Statements
$1,237,753
Total Revenue per Form 990
$1,237,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$772,767
Other Expenses$635,323
Total Fundraising Expense$3,433
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$561,162$93,545$0$654,707
Occupancy$0$150,727$0$150,727
All Other Expenses$54,543$23,609$3,433$81,585
Other Employee Benefits$55,246$3,046$0$58,292
Payroll Taxes$51,826$5,390$0$57,216
Fees for Services Legal$0$23,522$0$23,522
Other Expenses$22,487$0$0$22,487
Office Expenses$16,057$6,384$0$22,441
Insurance$0$15,152$0$15,152
Conferences and Meetings$14,499$0$0$14,499
Advertising$0$12,962$0$12,962
Information Technology$11,937$0$0$11,937
Fees for Services Accounting$0$7,000$0$7,000
Depreciation Depletion$0$5,840$0$5,840
Pension Plan Contributions$2,545$7$0$2,552
Travel$2,325$0$0$2,325
Total Functional Expenses$864,313$540,344$3,433$1,408,090

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,408,090
Total Expenses per Audited Statements$1,408,090
Total Expenses per Form 990$1,408,090
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$0
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
9802370371
Address
8101 Fallsdale Drive, Charlotte, NC 28214

Signing Officer

Name
Chauntel Ingalls
Title
Chair
Phone
9802370371
Signed
2020-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chauntel Ingalls
Formed
2012
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
32
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 24E

“Supplies and Books 48768. 39421. 5914. 3433.”

Form 990, Part IX, Line 24E

“Repairs and Maintenance 17695. 0. 17695. 0.”

Form 990, Part IX, Line 24E

“Non-Capital FF&E 15122. 15122. 0. 0.”

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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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IRS990ScheduleD/EquipmentGrp/DepreciationAmt052786
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt067215
IRS990ScheduleD/ExpensesSubtotalAmt01408090
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unearned revenues
IRS990ScheduleD/RevenueSubtotalAmt01237753
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014429
IRS990ScheduleD/TotalExpensesPerForm990Amt01408090
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt01237753
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01237753
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01408090
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/ExplanationTxt0Federal grants are awarded annually.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Policy is included in statement of purpose. See explanation on page one.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 6b
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 3
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 Books 48768. 39421. 5914. 3433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Repairs and Maintenance 17695. 0. 17695. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Non-Capital FF&E 15122. 15122. 0. 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 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020269
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt014429
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0345931
IRS990/TotalAssetsEOYAmt0174059
IRS990/TotalAssetsGrp/BOYAmt0345931
IRS990/TotalAssetsGrp/EOYAmt0174059
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01116018
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03433
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0540344
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0864313
IRS990/TotalFunctionalExpensesGrp/TotalAmt01408090
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09576
IRS990/TotalLiabilitiesEOYAmt08041
IRS990/TotalLiabilitiesGrp/BOYAmt09576
IRS990/TotalLiabilitiesGrp/EOYAmt08041
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0336355
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0166018
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0864313
IRS990/TotalProgramServiceRevenueAmt079405
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0121735
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01237753
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0345931
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0174059
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt02325
IRS990/TravelGrp/TotalAmt02325
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0316086
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0151589
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08101 Fallsdale Dr
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028214
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.aristotle.teamcfa.school
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-22 18:59:49Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Chauntel Ingalls
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum09802370371
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aristotle Preparatory Academy
ReturnHeader/Filer/BusinessNameControlTxt0ARIS
ReturnHeader/Filer/EIN0454561665

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174,059
Liabilities
$8,041
Net assets
$166,018
Revenue
$1,237,753
Expenses
$1,408,090
Net income
-$170,337
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