Civic Intelligence

Aristotle Preparatory Academy Challenge Foundation Academy

990 • Fiscal year 2021 • EIN 45-4561665

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 25, 2022

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.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Net Margin

56th percentile

16%

Higher net margin than 56% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$75,890

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2021 filings • NTEE B • $1M-$5M nonprofits • Source year 2021

Asset Growth

83rd percentile

56%

Faster asset growth than 83% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

44%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$599,717

Up $216,047 (+56%) from 2020

Net Assets

Up

$572,458

Up $347,300 (+154%) from 2020

Liabilities

Down

$27,259

Down $131,253 (-83%) from 2020

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin56th percentile

Revenue

Up

$2,189,461

Up $669,266 (+44%) from 2020

Expenses

Up

$1,842,161

Up $381,106 (+26%) from 2020

Net Income

Up

$347,300

Up $288,160 (+487%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2021

Assets$599,717
Liabilities$27,259
Net Assets$572,458
Open 2021 Filing

Operations Trend

Revenue Growth74th 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

2021

Revenue$2,189,461
Expenses$1,842,161
Net Income$347,300
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 25, 2022
Return Version
2020v4.1
Gross Receipts
$2,189,461
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$260,602$481,418▲ $220,816
Accounts Receivable$101,380$61,670▼ $39,710
Land, Buildings, and Equipment, Net$7,664$44,213▲ $36,549
Prepaid Expenses and Deferred Charges$14,024$12,416▼ $1,608
Total Assets$383,670$599,717▲ $216,047
Liabilities
Mortgage Notes Payable Secured by Investment Property$153,602--
Accounts Payable and Accrued Expenses$4,910$27,259▲ $22,349
Other Liabilities$0$0→ $0
Total Liabilities$158,512$27,259▼ $131,253
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,664$528,246▲ $520,582
Net Assets With Donor Restrictions$217,494$44,212▼ $173,282
Total Net Assets Fund Balance$225,158$572,458▲ $347,300
Total Liabilities and Net Assets / Fund Balance$383,670$599,717▲ $216,047

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$44,213$46,787$91,000
Land$0--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Naomi Chambers-FrenchExecutive DirectorFT$75,890$75,890

Board Members and Trustees

NameTitle
Siobhan PapaChair
Brian PayneCo-Chair
Dorothy BrianCFA Representative
Jason ColeCFA Representative
Kelly ScottStaff Representative
Christy RoddyTreasurer/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,179,837
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$9,624
All Other Contributions
$52,732
Change in Net Assets
$347,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,189,461
Total Revenue per Audited Statements
$2,189,461
Total Revenue per Form 990
$2,189,461
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,085,279
Other Expenses$756,882
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$745,611$108,729$0$854,340
Occupancy$0$148,828$0$148,828
All Other Expenses$79,136$63,714$0$142,850
Payroll Taxes$70,475$9,542$0$80,017
Advertising$0$80,000$0$80,000
Current Officers, Directors, Trustees, and Key Employees$75,890$0$0$75,890
Office Expenses$69,399$4,091$0$73,490
Other Employee Benefits$59,503$7,503$0$67,006
Insurance$0$15,452$0$15,452
Depreciation Depletion$743$10,660$0$11,403
Conferences and Meetings$9,758$283$0$10,041
Pension Plan Contributions$6,893$1,133$0$8,026
Fees for Services Accounting$0$7,300$0$7,300
Other Expenses$1,050$0$0$1,050
Travel$53$0$0$53
Total Functional Expenses$1,157,748$684,413$0$1,842,161

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,842,161
Total Expenses per Audited Statements$1,842,161
Total Expenses per Form 990$1,842,161
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 35% controlled entity
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
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
Siobhan Papa
Title
Chair
Phone
9802370371
Signed
2022-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Siobhan Papa
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
5
Employees
31
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”

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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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IRS990/PYOtherRevenueAmt05662
IRS990/PYProgramServiceRevenueAmt073348
IRS990/PYRevenuesLessExpensesAmt059140
IRS990/PYSalariesCompEmpBnftPaidAmt0858625
IRS990/PYTotalExpensesAmt01461055
IRS990/PYTotalRevenueAmt01520195
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0347300
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02189461
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt044213
IRS990ScheduleD/EquipmentGrp/DepreciationAmt046787
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091000
IRS990ScheduleD/ExpensesSubtotalAmt01842161
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unearned revenues
IRS990ScheduleD/RevenueSubtotalAmt02189461
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044213
IRS990ScheduleD/TotalExpensesPerForm990Amt01842161
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02189461
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02189461
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01842161
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/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0599717
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02179837
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0684413
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01157748
IRS990/TotalFunctionalExpensesGrp/TotalAmt01842161
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0158512
IRS990/TotalLiabilitiesEOYAmt027259
IRS990/TotalLiabilitiesGrp/BOYAmt0158512
IRS990/TotalLiabilitiesGrp/EOYAmt027259
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0225158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0572458
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01157748
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt075890
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt09624
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02189461
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0383670
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0599717
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt053
IRS990/TravelGrp/TotalAmt053
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08101 Fallsdale Dr
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028214
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.aristotle.teamcfa.school
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$599,717
Liabilities
$27,259
Net assets
$572,458
Revenue
$2,189,461
Expenses
$1,842,161
Net income
$347,300
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