Civic Intelligence

Aristotle Preparatory Academy Challenge Foundation Academy

990 • Fiscal year 2024 • EIN 45-4561665

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 21, 2025

Organization Profilealaschools.org

View Organization Page

8000 Robinson Church RoadCharlotte, NC 28215

(704) 595-3012

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.04x

Higher debt load relative to assets than 92% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

7.42x

Higher debt load relative to revenue than 94% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Net Margin

3rd percentile

-82%

Higher net margin than 3% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2024 filings • NTEE B • $10M-$25M nonprofits • Source year 2024

Asset Growth

12th percentile

-8.4%

Faster asset growth than 12% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-34%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$14,025,961

Down $1,292,348 (-8.4%) from 2023

Net Assets

Down

-$629,647

Down $1,611,461 (-164%) from 2023

Liabilities

Up

$14,655,608

Up $319,113 (+2.2%) from 2023

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin3rd percentile

Revenue

Down

$1,974,483

Down $1,020,808 (-34%) from 2023

Expenses

Up

$3,585,944

Up $999,896 (+39%) from 2023

Net Income

Down

-$1,611,461

Down $2,020,704 (-494%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth12th 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

2024

Assets$14,025,961
Liabilities$14,655,608
Net Assets-$629,647
Open 2024 Filing

Operations Trend

Revenue Growth7th 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

2024

Revenue$1,974,483
Expenses$3,585,944
Net Income-$1,611,461
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 21, 2025
Return Version
2023v6.0
Gross Receipts
$1,974,483
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,363,546$13,932,668▼ $430,878
Accounts Receivable$98,474$53,086▼ $45,388
Cash and Non-Interest-Bearing Accounts$856,289$30,460▼ $825,829
Prepaid Expenses and Deferred Charges-$9,747-
Total Assets$15,318,309$14,025,961▼ $1,292,348
Liabilities
Other Liabilities$14,228,591$14,228,591→ $0
Accounts Payable and Accrued Expenses$107,904$427,017▲ $319,113
Total Liabilities$14,336,495$14,655,608▲ $319,113
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$981,814$-629,647▼ $1,611,461
Total Net Assets Fund Balance$981,814$-629,647▼ $1,611,461
Total Liabilities and Net Assets / Fund Balance$15,318,309$14,025,961▼ $1,292,348

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,517,161$711,430$14,228,591
Equipment$288,545$109,852$398,397
Land$126,962-$126,962
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Kyle ShraugerBoard Chair
Heather WhillierVice Chair
John AmanchukwuDirector
Mitch ProsserDirector
Yolonda Hill-RobinsonDirector
John LynchSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$288,478
Program Service Revenue
$1,686,005
Investment Income
$0
Other Revenue
$0
All Other Contributions
$5
Change in Net Assets
$-1,611,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,974,483
Total Revenue per Audited Statements
$1,974,483
Total Revenue per Form 990
$1,974,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,442,449
Salaries, Compensation, and Employee Benefits$1,143,495
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$881,984$110,798-$992,782
Depreciation Depletion$664,447$73,828-$738,275
Interest-$379,775-$379,775
Advertising-$121,999-$121,999
Occupancy$89,759$22,440-$112,199
Other Expenses$80,964$99,442-$99,442
Payroll Taxes$70,782$9,167-$79,949
Other Employee Benefits$53,457$6,791-$60,248
Insurance-$30,149-$30,149
Pension Plan Contributions$9,400$1,116-$10,516
Fees for Services Accounting-$8,200-$8,200
Fees for Services Legal-$309-$309
Total Functional Expenses$2,286,335$1,299,609$0$3,585,944

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,585,944
Total Expenses per Audited Statements$3,585,944
Total Expenses per Form 990$3,585,944
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
Federal income taxes$14,228,591
Capital Lease payable-
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 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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director reviews the 990 and presents to the board of directors for approval.”

Form 990, Part VI, Section B, Line 12C

“At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.”

Form 990, Part VI, Section B, Line 15A

“The board of directors oversees compensation and approves salary for top management officials.”

Form 990, Part VI, Section B, Line 15B

“The board of directors approves all officer and key employee compensation. No board members receive compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
Aristotle Prepatory Academy
EIN
45-4561665
In Care Of
% John Lynch
Phone
7045953012
Address
8000 Robinson Church Road, Charlotte, NC 28215
Doing Business As
American Leadership Academy - Charlotte

Signing Officer

Name
John Lynch
Title
Chair
Phone
7045953012
Signed
2025-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Lynch
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
57
Volunteers
22

Preparer

Firm
Rebekah Barr CPA PC
Address
2505-B Nash Street NW, Wilson, NC 27896
Preparer
Rebekah T Barr
Phone
2522946920
Raw XML Appendix389 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/BOYAmt0107904
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0427017
IRS990/AccountsReceivableGrp/BOYAmt098474
IRS990/AccountsReceivableGrp/EOYAmt053086
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0121999
IRS990/AdvertisingGrp/TotalAmt0121999
IRS990/AllOtherContributionsAmt05
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Charter One
IRS990/BooksInCareOfDetail/PhoneNum04804202101
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06913 E Rembrandt Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Mesa
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd085212
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0856289
IRS990/CashNonInterestBearingGrp/EOYAmt030460
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0288478
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02442449
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01686005
IRS990/CYRevenuesLessExpensesAmt0-1611461
IRS990/CYSalariesCompEmpBnftPaidAmt01143495
IRS990/CYTotalExpensesAmt03585944
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01974483
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt073828
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0664447
IRS990/DepreciationDepletionGrp/TotalAmt0738275
IRS990/Desc0Operated as a charter school in Charlotte, North Carolina serving approximately 122 students for the year ended June 30, 2024.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0American Leadership Academy - Charlotte
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt057
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt02286335
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08200
IRS990/FeesForServicesAccountingGrp/TotalAmt08200
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0309
IRS990/FeesForServicesLegalGrp/TotalAmt0309
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8886TFiledInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Kyle Shrauger
IRS990/Form990PartVIISectionAGrp/PersonNm1John Lynch
IRS990/Form990PartVIISectionAGrp/PersonNm2Yolonda Hill-Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm3Mitch Prosser
IRS990/Form990PartVIISectionAGrp/PersonNm4Heather Whillier
IRS990/Form990PartVIISectionAGrp/PersonNm5John Amanchukwu
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0288473
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01974483
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt030149
IRS990/InsuranceGrp/TotalAmt030149
IRS990/InterestGrp/ManagementAndGeneralAmt0379775
IRS990/InterestGrp/TotalAmt0379775
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0821282
IRS990/LandBldgEquipBasisNetGrp/BOYAmt014363546
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013932668
IRS990/LandBldgEquipCostOrOtherBssAmt014753950
IRS990/LegalDomicileStateCd0NC
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation of a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0981814
IRS990/NetAssetsOrFundBalancesEOYAmt0-629647
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0981814
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-629647
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/NondeductibleContriDisclInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt022440
IRS990/OccupancyGrp/ProgramServicesAmt089759
IRS990/OccupancyGrp/TotalAmt0112199
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06791
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053457
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060248
IRS990/OtherExpensesGrp/Desc0Supplies, Materials, Textbooks, etc.
IRS990/OtherExpensesGrp/Desc1Contracted Student Services
IRS990/OtherExpensesGrp/Desc2Food Services
IRS990/OtherExpensesGrp/Desc3Repairs and Maintenance
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066070
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1369525
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt299442
IRS990/OtherExpensesGrp/ProgramServicesAmt0229574
IRS990/OtherExpensesGrp/ProgramServicesAmt1205968
IRS990/OtherExpensesGrp/ProgramServicesAmt280964
IRS990/OtherExpensesGrp/TotalAmt0295644
IRS990/OtherExpensesGrp/TotalAmt1575493
IRS990/OtherExpensesGrp/TotalAmt280964
IRS990/OtherExpensesGrp/TotalAmt399442
IRS990/OtherLiabilitiesGrp/BOYAmt014228591
IRS990/OtherLiabilitiesGrp/EOYAmt014228591
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0110798
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0881984
IRS990/OtherSalariesAndWagesGrp/TotalAmt0992782
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09167
IRS990/PayrollTaxesGrp/ProgramServicesAmt070782
IRS990/PayrollTaxesGrp/TotalAmt079949
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01116
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09400
IRS990/PensionPlanContributionsGrp/TotalAmt010516
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09747
IRS990/PrincipalOfficerNm0John Lynch
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State appropriations
IRS990/ProgramServiceRevenueGrp/Desc1County appropriations
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01004122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1437497
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2244386
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02302579
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01361997
IRS990/PYOtherRevenueAmt0569190
IRS990/PYProgramServiceRevenueAmt0123522
IRS990/PYRevenuesLessExpensesAmt0409243
IRS990/PYSalariesCompEmpBnftPaidAmt01224051
IRS990/PYTotalExpensesAmt02586048
IRS990/PYTotalRevenueAmt02995291
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1611461
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013517161
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0711430
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014228591
IRS990ScheduleD/EquipmentGrp/BookValueAmt0288545
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0109852
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0398397
IRS990ScheduleD/ExpensesSubtotalAmt03585944
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0126962
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0126962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014228591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Capital Lease payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01974483
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013932668
IRS990ScheduleD/TotalExpensesPerForm990Amt03585944
IRS990ScheduleD/TotalLiabilityAmt014228591
IRS990ScheduleD/TotalRevenuePerForm990Amt01974483
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01974483
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03585944
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/ExplanationTxt0North Carolina charter schools are funded by the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The executive director reviews the 990 and presents to the board of directors for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The board of directors oversees compensation and approves salary for top management officials.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board of directors approves all officer and key employee compensation. No board members receive compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015318309
IRS990/TotalAssetsEOYAmt014025961
IRS990/TotalAssetsGrp/BOYAmt015318309
IRS990/TotalAssetsGrp/EOYAmt014025961
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0288478
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01299609
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02286335
IRS990/TotalFunctionalExpensesGrp/TotalAmt03585944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014336495
IRS990/TotalLiabilitiesEOYAmt014655608
IRS990/TotalLiabilitiesGrp/BOYAmt014336495
IRS990/TotalLiabilitiesGrp/EOYAmt014655608
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0981814
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-629647
IRS990/TotalProgramServiceExpensesAmt02286335
IRS990/TotalProgramServiceRevenueAmt01686005
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01974483
IRS990/TotalVolunteersCnt022
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015318309
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014025961
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08000 Robinson Church Road
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028215
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0alaschools.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0John Lynch
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum07045953012
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Aristotle Prepatory Academy
ReturnHeader/Filer/BusinessNameControlTxt0ARIS
ReturnHeader/Filer/EIN0454561665
ReturnHeader/Filer/InCareOfNm0% John Lynch
ReturnHeader/Filer/PhoneNum07045953012
ReturnHeader/Filer/USAddress/AddressLine1Txt08000 Robinson Church Road
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028215
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271832948
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02505-B Nash Street NW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027896
ReturnHeader/PreparerPersonGrp/PhoneNum02522946920
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah T Barr
ReturnHeader/ReturnTs02025-04-21T08:07:00-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,025,961
Liabilities
$14,655,608
Net assets
-$629,647
Revenue
$1,974,483
Expenses
$3,585,944
Net income
-$1,611,461
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