Civic Intelligence

Vance Charter School Foundation Inc

990 • Fiscal year 2016 • EIN 46-1378289

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 12, 2016

Organization ProfileN/A
1227 Dabney DriveHenderson, NC 27536

(252) 431-0641

Siviq Scores

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

Liabilities / Assets

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

13.43x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

97th percentile

73%

Higher net margin than 97% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

97th percentile

291%

Faster asset growth than 97% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-78%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$4,881,619

Up $3,633,054 (+291%) from 2015

Net Assets

Up

$1,435,143

Up $186,578 (+15%) from 2015

Liabilities

Up

$3,446,476

Up $3,446,476 from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin97th percentile

Revenue

Down

$256,677

Down $918,567 (-78%) from 2015

Expenses

Up

$70,099

Up $67,631 (+2740%) from 2015

Net Income

Down

$186,578

Down $986,198 (-84%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$15M$10M$5.0M$0Assets 2014: $75,790Net Assets 2014: $75,7902014Assets 2015: $1,248,565Liabilities 2015: $0Net Assets 2015: $1,248,5652015Assets 2016: $4,881,619Liabilities 2016: $3,446,476Net Assets 2016: $1,435,1432016Assets 2017: $7,474,703Liabilities 2017: $6,032,614Net Assets 2017: $1,442,0892017Assets 2018: $7,500,848Liabilities 2018: $6,098,082Net Assets 2018: $1,402,7662018Assets 2019: $12,398,043Liabilities 2019: $11,134,081Net Assets 2019: $1,263,9622019Assets 2020: $12,282,494Liabilities 2020: $10,891,616Net Assets 2020: $1,390,8782020Assets 2021: $11,888,012Liabilities 2021: $10,649,092Net Assets 2021: $1,238,9202021Assets 2022: $11,647,359Liabilities 2022: $10,388,094Net Assets 2022: $1,259,2652022Assets 2023: $11,440,777Liabilities 2023: $10,155,806Net Assets 2023: $1,284,9712023Assets 2024: $11,157,278Liabilities 2024: $9,843,200Net Assets 2024: $1,314,0782024

Highlighted filing

2016

Assets$4,881,619
Liabilities$3,446,476
Net Assets$1,435,143
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $81,404Expenses 2014: $5,614Net Income 2014: $75,7902014Revenue 2015: $1,175,244Expenses 2015: $2,468Net Income 2015: $1,172,7762015Revenue 2016: $256,677Expenses 2016: $70,099Net Income 2016: $186,5782016Revenue 2017: $270,894Expenses 2017: $263,948Net Income 2017: $6,9462017Revenue 2018: $401,237Expenses 2018: $440,560Net Income 2018: -$39,3232018Revenue 2019: $404,481Expenses 2019: $543,285Net Income 2019: -$138,8042019Revenue 2020: $718,436Expenses 2020: $591,520Net Income 2020: $126,9162020Revenue 2021: $546,801Expenses 2021: $698,759Net Income 2021: -$151,9582021Revenue 2022: $708,867Expenses 2022: $688,522Net Income 2022: $20,3452022Revenue 2023: $757,369Expenses 2023: $731,663Net Income 2023: $25,7062023Revenue 2024: $728,390Expenses 2024: $704,557Net Income 2024: $23,8332024

Highlighted filing

2016

Revenue$256,677
Expenses$70,099
Net Income$186,578
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 12, 2016
Return Version
2015v2.1
Gross Receipts
$256,677
Mission and Program Overview

Mission

Support of Vance Charter School, a North Carolina public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,200,178$4,879,285▲ $3,679,107
Cash and Non-Interest-Bearing Accounts$48,387$2,334▼ $46,053
Total Assets$1,248,565$4,881,619▲ $3,633,054
Liabilities
Mortgage Notes Payable Secured by Investment Property-$3,446,476-
Total Liabilities$0$3,446,476▲ $3,446,476
Net Assets / Fund Balance
Unrestricted Net Assets$1,248,565$1,435,143▲ $186,578
Total Net Assets Fund Balance$1,248,565$1,435,143▲ $186,578
Total Liabilities and Net Assets / Fund Balance$1,248,565$4,881,619▲ $3,633,054

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,921,764-$3,921,764
Land$957,521-$957,521
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Adam BrewerChairperson
Billy DavidsonVice Chair
Allen SimmonsBoard Member
Anne BunchBoard Member
Cara KirbyBoard Member
Carl FisherBoard Member
Cindy CookBoard Member
Gail WashingtonBoard Member
Jessica DealBoard Member
Josh TowneBoard Member
Kim DavisBoard Member
Kristy StainbackBoard Member
Christy BunnSecretary
Deloney SpragginsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$256,677
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$256,677
Change in Net Assets
$186,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,099
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$35,234-$35,234
Office Expenses-$34,865-$34,865
Total Functional Expenses$0$70,099$0$70,099
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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 board treasurer reviews 990 and reports to the board of directors prior to filing.”

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

“Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Vance Charter School Foundation Inc
EIN
46-1378289
Phone
2524310641
Address
1227 Dabney Drive, Henderson, NC 27536

Signing Officer

Name
Delony Spraggins
Title
Board President
Signed
2016-12-12
Discuss with paid preparer
No

Organization Details

Principal Officer
Adam Brewer
Formed
2011
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
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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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0957521
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0957521
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03921764
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03921764
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04879285
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, school policies and financial statements are available for viewing by the public at the Schools 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 C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01248565
IRS990/TotalAssetsEOYAmt04881619
IRS990/TotalAssetsGrp/BOYAmt01248565
IRS990/TotalAssetsGrp/EOYAmt04881619
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0256677
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt070099
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt070099
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03446476
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03446476
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01248565
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01435143
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256677
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01248565
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04881619
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01248565
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01435143
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01227 Dabney Drive
IRS990/USAddress/CityNm0Henderson
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027536
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Delony Spraggins
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Vance Charter School Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0VANC
ReturnHeader/Filer/EIN0461378289
ReturnHeader/Filer/PhoneNum02524310641
ReturnHeader/Filer/USAddress/AddressLine1Txt01227 Dabney Drive
ReturnHeader/Filer/USAddress/CityNm0Henderson
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rebekah Barr CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05422 Boswellville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilson
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027893
ReturnHeader/PreparerPersonGrp/PhoneNum02522306294
ReturnHeader/PreparerPersonGrp/PreparationDt02016-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah Barr
ReturnHeader/ReturnTs02016-12-12T01:06:05-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,881,619
Liabilities
$3,446,476
Net assets
$1,435,143
Revenue
$256,677
Expenses
$70,099
Net income
$186,578
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.2$9.84$1.31$0.73$0.70$0.02
2023Detailed filing. Detailed filing data is available for this year.$11.4$10.2$1.28$0.76$0.73$0.03
2022Detailed filing. Detailed filing data is available for this year.$11.6$10.4$1.26$0.71$0.69$0.02
2021Detailed filing. Detailed filing data is available for this year.$11.9$10.6$1.24$0.55$0.70$0.15
2020Detailed filing. Detailed filing data is available for this year.$12.3$10.9$1.39$0.72$0.59$0.13
2019Detailed filing. Detailed filing data is available for this year.$12.4$11.1$1.26$0.40$0.54$0.14
2018Detailed filing. Detailed filing data is available for this year.$7.50$6.10$1.40$0.40$0.44$0.04
2017Detailed filing. Detailed filing data is available for this year.$7.47$6.03$1.44$0.27$0.26$0.01
2016Detailed filing. Detailed filing data is available for this year.$4.88$3.45$1.44$0.26$0.07$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$1.18$0.00$1.17
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.08$0.01$0.08