Civic Intelligence

Envision Science Academy

EIN 46-1560554 • 501(c)3 • Wake Forest, NC

Profile

Operation of a North Carolna public charter school.

590 Traditions Grande BlvdWake Forest, NC 27587

www.envisionscienceacademy.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.94x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

1.46x

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

501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

51st percentile

4.9%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

23rd percentile

$86,358

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

37th percentile

1.2%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

5.3%

Faster revenue growth than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$11,748,644

Up $25,331 (+0.2%) from 2023

Liabilities

Down

$10,403,460

Down $256,870 (-2.4%) from 2023

Net Assets

Up

$1,345,184

Up $282,201 (+27%) from 2023

Revenue

Up

$8,432,008

Up $820,930 (+11%) from 2023

Expenses

Up

$8,149,807

Up $929,202 (+13%) from 2023

Net Income

Down

$282,201

Down $108,272 (-28%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2013: $1Liabilities 2013: $02013Assets 2015: $78,128Liabilities 2015: $4,814Net Assets 2015: $73,3142015Assets 2016: $11,280,671Liabilities 2016: $11,720,155Net Assets 2016: -$439,4842016Assets 2017: $11,107,775Liabilities 2017: $11,748,345Net Assets 2017: -$640,5702017Assets 2018: $10,759,926Liabilities 2018: $11,813,794Net Assets 2018: -$1,053,8682018Assets 2019: $10,944,490Liabilities 2019: $11,641,055Net Assets 2019: -$696,5652019Assets 2020: $11,263,259Liabilities 2020: $11,380,129Net Assets 2020: -$116,8702020Assets 2021: $11,460,678Liabilities 2021: $11,151,567Net Assets 2021: $309,1112021Assets 2022: $11,596,363Liabilities 2022: $10,923,853Net Assets 2022: $672,5102022Assets 2023: $11,723,313Liabilities 2023: $10,660,330Net Assets 2023: $1,062,9832023Assets 2024: $11,748,644Liabilities 2024: $10,403,460Net Assets 2024: $1,345,1842024

Highlighted filing

2024

Assets$11,748,644
Liabilities$10,403,460
Net Assets$1,345,184

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2015: $1,871,925Expenses 2015: $1,798,611Net Income 2015: $73,3142015Revenue 2016: $3,103,452Expenses 2016: $3,616,250Net Income 2016: -$512,7982016Revenue 2017: $4,817,040Expenses 2017: $5,018,126Net Income 2017: -$201,0862017Revenue 2018: $5,550,857Expenses 2018: $5,964,155Net Income 2018: -$413,2982018Revenue 2019: $6,257,438Expenses 2019: $5,900,135Net Income 2019: $357,3032019Revenue 2020: $6,815,714Expenses 2020: $6,236,019Net Income 2020: $579,6952020Revenue 2021: $7,096,370Expenses 2021: $6,670,389Net Income 2021: $425,9812021Revenue 2022: $7,472,662Expenses 2022: $7,109,263Net Income 2022: $363,3992022Revenue 2023: $7,611,078Expenses 2023: $7,220,605Net Income 2023: $390,4732023Revenue 2024: $8,432,008Expenses 2024: $8,149,807Net Income 2024: $282,2012024

Highlighted filing

2024

Revenue$8,432,008
Expenses$8,149,807
Net Income$282,201

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 27, 2025
Return Version
2023v6.0
Gross Receipts
$8,432,008
Mission and Program Overview

Mission

Operation of a public charter school

Operation of a North Carolna public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,034,895$7,772,272▼ $262,623
Cash and Non-Interest-Bearing Accounts$2,726,043$2,903,279▲ $177,236
Savings and Temporary Cash Investments$945,053$1,003,263▲ $58,210
Prepaid Expenses and Deferred Charges-$52,117-
Accounts Receivable$17,322$17,713▲ $391
Total Assets$11,723,313$11,748,644▲ $25,331
Liabilities
Tax Exempt Bond Liabilities$10,570,000$10,315,000▼ $255,000
Accounts Payable and Accrued Expenses$90,330$88,460▼ $1,870
Total Liabilities$10,660,330$10,403,460▼ $256,870
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,062,983$1,345,184▲ $282,201
Total Net Assets Fund Balance$1,062,983$1,345,184▲ $282,201
Total Liabilities and Net Assets / Fund Balance$11,723,313$11,748,644▲ $25,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,228,361$2,006,689$8,235,050
Leasehold Improvements$849,518$77,347$926,865
Land$637,472-$637,472
Equipment$56,921$156,635$213,556
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arunee Monica CutnoChair
Monique TaylorPresident
Ryan CottermanVice President
Hassan Kingsberry EsqBoard Member
Katherine SwarthoutBoard Member
Savannah LammersBoard Member
Shon MallorySecretary
Samantha SanchezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$308,588
Program Service Revenue
$8,123,420
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,178
Change in Net Assets
$282,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,432,008
Total Revenue per Audited Statements
$8,432,008
Total Revenue per Form 990
$8,432,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,256,646
Other Expenses$1,893,161
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,043,751$156,600-$5,200,351
Other Employee Benefits$527,780$23,206-$550,986
Interest-$537,774-$537,774
Payroll Taxes$390,756$11,787-$402,543
Depreciation Depletion$253,741$84,580-$338,321
Occupancy$183,610$45,903-$229,513
Pension Plan Contributions$98,710$4,056-$102,766
Insurance-$25,762-$25,762
Fees for Services Legal-$16,060-$16,060
Other Expenses$11,396$29,783-$11,396
Fees for Services Accounting-$8,125-$8,125
Advertising-$7,937-$7,937
Total Functional Expenses$7,144,740$1,005,067$0$8,149,807

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,149,807
Total Expenses per Audited Statements$8,149,807
Total Expenses per Form 990$8,149,807
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-
Other liabilities on prior year tax return-

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority Series 2016A2016-05-17$11,242,910Land acquisition and construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,284,243$224,000$609,319$224,857

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Roland Lewis, Jr and Arunee Cutino, the vice president and board member are husband and wife.

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

Executive directors compensation is approved by the board and is based on comparability data and performance.

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

Officers do not receive compensation. Key employees salaries are based on the state salary scale.

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
Envision Science Academy
EIN
46-1560554
In Care Of
% Ryan Cotterman
Phone
9194354002
Address
590 Traditions Grande Blvd, Wake Forest, NC 27587

Signing Officer

Name
Ryan Cotterman
Title
President
Phone
9194354002
Signed
2025-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Cotterman
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
145
Volunteers
200

Preparer

Firm
Rebekah Barr CPA PC
Address
2505-B Nash Street NW, Wilson, NC 27896
Preparer
Rebekah T Barr
Phone
2522946920
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IRS990ScheduleD/BuildingsGrp/BookValueAmt06228361
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02006689
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IRS990ScheduleD/EquipmentGrp/BookValueAmt056921
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156635
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0213556
IRS990ScheduleD/ExpensesSubtotalAmt08149807
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0637472
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0637472
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0849518
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt077347
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0926865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other liabilities on prior year tax return
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt08432008
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07772272
IRS990ScheduleD/TotalExpensesPerForm990Amt08149807
IRS990ScheduleD/TotalRevenuePerForm990Amt08432008
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IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0North Carolina charter schools are funded by the State and Local governments. The School also receives various federal grants
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-05-17
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Public Finance Authority Series 2016A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Land acquisition and construction
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0true
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0842177
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt0224000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0609319
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011284243
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Roland Lewis, Jr and Arunee Cutino, the vice president and board member are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The executive director reviews the 990 and presents to the board of directors for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2At 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/ExplanationTxt3Executive directors compensation is approved by the board and is based on comparability data and performance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Officers do not receive compensation. Key employees salaries are based on the state salary scale.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing 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 A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Envision Foundation LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt01141454
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Prop Mgmt
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0863827
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0590 Traditions Grande Blvd
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Wake Forest
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IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false

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