Civic Intelligence

Aristotle Preparatory Academy Challenge Foundation Academy

990 • Fiscal year 2023 • EIN 45-4561665

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 16, 2024

Organization Profilewww.Aristotleprep.org

View Organization Page

8000 Robinson Church RoadCharlotte, NC 28215

(980) 237-0371

Siviq Scores

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

Liabilities / Assets

86th percentile

0.94x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

4.79x

Higher debt load relative to revenue than 93% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

29th percentile

$86,458

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Asset Growth

99th percentile

2175%

Faster asset growth than 99% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$15,318,309

Up $14,644,850 (+2175%) from 2022

Net Assets

Up

$981,814

Up $409,243 (+71%) from 2022

Liabilities

Up

$14,336,495

Up $14,235,607 (+14110%) from 2022

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin74th percentile

Revenue

Up

$2,995,291

Up $423,945 (+16%) from 2022

Expenses

Up

$2,586,048

Up $14,815 (+0.6%) from 2022

Net Income

Up

$409,243

Up $409,130 (+362062%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th 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

2023

Assets$15,318,309
Liabilities$14,336,495
Net Assets$981,814
Open 2023 Filing

Operations Trend

Revenue Growth72nd 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

2023

Revenue$2,995,291
Expenses$2,586,048
Net Income$409,243
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 16, 2024
Return Version
2022v5.0
Gross Receipts
$2,995,291
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$25,395$14,363,546▲ $14,338,151
Cash and Non-Interest-Bearing Accounts$591,693$856,289▲ $264,596
Accounts Receivable$50,077$98,474▲ $48,397
Prepaid Expenses and Deferred Charges$6,294--
Total Assets$673,459$15,318,309▲ $14,644,850
Liabilities
Other Liabilities$0$14,228,591▲ $14,228,591
Accounts Payable and Accrued Expenses$100,888$107,904▲ $7,016
Total Liabilities$100,888$14,336,495▲ $14,235,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$572,571$981,814▲ $409,243
Total Net Assets Fund Balance$572,571$981,814▲ $409,243
Total Liabilities and Net Assets / Fund Balance$673,459$15,318,309▲ $14,644,850

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$14,228,591-$14,228,591
Leasehold Improvements$126,962$0$126,962
Equipment$7,993$83,007$91,000
Land$0--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly ScottExecutive DirectorFT-$86,458$86,458
Deairrah RichOffice ManagerFT$38,245-$38,245

Board Members and Trustees

NameTitle
Siobhan PapaChair
Brian PayneVice Chair
Jason ColeMember
Linda SheltonMember
Christy RoddyTreasurer/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter OneCharter School Mgmt6913 E Rembrandt Rd, Mesa, AZ 85212$460,795
Revenue and Support

Revenue Composition

Contributions and Grants
$2,302,579
Program Service Revenue
$123,522
Investment Income
$0
Other Revenue
$569,190
All Other Contributions
$1,511
Change in Net Assets
$409,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,995,291
Total Revenue per Audited Statements
$2,995,291
Total Revenue per Form 990
$2,995,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,361,997
Salaries, Compensation, and Employee Benefits$1,224,051
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$784,294$149,176$0$933,470
All Other Expenses$133,570$63,757$0$197,327
Occupancy$0$167,581$0$167,581
Current Officers, Directors, Trustees, and Key Employees$124,703$0$0$124,703
Payroll Taxes$73,896$12,183$0$86,079
Other Employee Benefits$61,703$6,104$0$67,807
Advertising$0$67,740$0$67,740
Office Expenses$3,961$28,374$0$32,335
Insurance$0$27,922$0$27,922
Depreciation Depletion$0$17,402$0$17,402
Travel$15,495$226$0$15,721
Pension Plan Contributions$10,665$1,327$0$11,992
Fees for Services Accounting$0$8,200$0$8,200
Conferences and Meetings$7,472$0$0$7,472
Other Expenses$2,057$0$0$2,057
Total Functional Expenses$1,280,981$1,305,067$0$2,586,048

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,586,048
Total Expenses per Audited Statements$2,586,048
Total Expenses per Form 990$2,586,048
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
Lease liabilities$14,228,591
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
8000 Robinson Church Road, Charlotte, NC 28215

Signing Officer

Name
Siobhan Papa
Title
Chair
Phone
9802370371
Signed
2024-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Siobhan Papa
Formed
2012
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
43
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 reviews 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0123522
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02373959
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01344146
IRS990/PYOtherRevenueAmt024670
IRS990/PYProgramServiceRevenueAmt0172717
IRS990/PYRevenuesLessExpensesAmt0113
IRS990/PYSalariesCompEmpBnftPaidAmt01227087
IRS990/PYTotalExpensesAmt02571233
IRS990/PYTotalRevenueAmt02571346
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0409243
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02995291
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt07993
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083007
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt091000
IRS990ScheduleD/ExpensesSubtotalAmt02586048
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0126962
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0126962
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt014228591
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt014228591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014228591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease liabilities
IRS990ScheduleD/RevenueSubtotalAmt02995291
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014363546
IRS990ScheduleD/TotalExpensesPerForm990Amt02586048
IRS990ScheduleD/TotalLiabilityAmt014228591
IRS990ScheduleD/TotalRevenuePerForm990Amt02995291
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02995291
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02586048
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 reviews 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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0673459
IRS990/TotalAssetsEOYAmt015318309
IRS990/TotalAssetsGrp/BOYAmt0673459
IRS990/TotalAssetsGrp/EOYAmt015318309
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02302579
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01305067
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01280981
IRS990/TotalFunctionalExpensesGrp/TotalAmt02586048
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100888
IRS990/TotalLiabilitiesEOYAmt014336495
IRS990/TotalLiabilitiesGrp/BOYAmt0100888
IRS990/TotalLiabilitiesGrp/EOYAmt014336495
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0572571
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0981814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01280981
IRS990/TotalProgramServiceRevenueAmt0123522
IRS990/TotalReportableCompFromOrgAmt038245
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0692712
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02995291
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0673459
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015318309
IRS990/TotReportableCompRltdOrgAmt086458
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0226
IRS990/TravelGrp/ProgramServicesAmt015495
IRS990/TravelGrp/TotalAmt015721
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08101 Fallsdale Dr
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028214
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.Aristotleprep.org
IRS990/WhistleblowerPolicyInd0true

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,318,309
Liabilities
$14,336,495
Net assets
$981,814
Revenue
$2,995,291
Expenses
$2,586,048
Net income
$409,243
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