Civic Intelligence

Pinnacle Classical Academy

990 • Fiscal year 2014 • EIN 46-1982572

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 15, 2014

Organization ProfileN/A
P O Box 269528151

(704) 704-4040

Siviq Scores

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

Liabilities / Assets

49th percentile

0.12x

Higher debt load relative to assets than 49% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

40th percentile

0.05x

Higher debt load relative to revenue than 40% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

86th percentile

34%

Higher net margin than 86% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

100th percentile

231895%

Faster asset growth than 100% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

100th percentile

772498%

Faster revenue growth than 100% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$1,002,218

Up $1,001,786 (+231895%) from 2013

Net Assets

$883,710

No earlier filing loaded for comparison.

Liabilities

Up

$118,508

Up $110,054 (+1302%) from 2013

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin86th percentile

Revenue

Up

$2,619,107

Up $2,618,768 (+772498%) from 2013

Expenses

Up

$1,727,375

Up $1,719,014 (+20560%) from 2013

Net Income

Up

$891,732

Up $899,754 (+11216%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$40M$20M$0-$20MAssets 2013: $432Liabilities 2013: $8,4542013Assets 2014: $1,002,218Liabilities 2014: $118,508Net Assets 2014: $883,7102014Assets 2015: $1,846,462Liabilities 2015: $399,017Net Assets 2015: $1,447,4452015Assets 2016: $3,639,416Liabilities 2016: $1,590,518Net Assets 2016: $2,048,8982016Assets 2017: $14,588,370Liabilities 2017: $12,473,021Net Assets 2017: $2,115,3492017Assets 2018: $18,523,019Liabilities 2018: $21,752,013Net Assets 2018: -$3,228,9942018Assets 2019: $21,282,558Liabilities 2019: $24,638,699Net Assets 2019: -$3,356,1412019Assets 2020: $23,204,581Liabilities 2020: $26,526,018Net Assets 2020: -$3,321,4372020Assets 2021: $23,281,442Liabilities 2021: $25,917,523Net Assets 2021: -$2,636,0812021Assets 2022: $24,218,850Liabilities 2022: $24,835,587Net Assets 2022: -$616,7372022Assets 2023: $28,679,451Liabilities 2023: $27,076,705Net Assets 2023: $1,602,7462023Assets 2024: $38,943,037Liabilities 2024: $35,734,818Net Assets 2024: $3,208,2192024

Highlighted filing

2014

Assets$1,002,218
Liabilities$118,508
Net Assets$883,710
Open 2014 Filing

Operations Trend

Revenue Growth100th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2013: $339Expenses 2013: $8,361Net Income 2013: -$8,0222013Revenue 2014: $2,619,107Expenses 2014: $1,727,375Net Income 2014: $891,7322014Revenue 2015: $2,710,230Expenses 2015: $2,213,225Net Income 2015: $497,0052015Revenue 2016: $3,441,624Expenses 2016: $2,840,171Net Income 2016: $601,4532016Revenue 2017: $4,390,654Expenses 2017: $4,324,203Net Income 2017: $66,4512017Revenue 2018: $5,741,778Expenses 2018: $6,623,762Net Income 2018: -$881,9842018Revenue 2019: $7,532,386Expenses 2019: $7,659,533Net Income 2019: -$127,1472019Revenue 2020: $8,459,419Expenses 2020: $8,424,715Net Income 2020: $34,7042020Revenue 2021: $9,762,458Expenses 2021: $9,077,102Net Income 2021: $685,3562021Revenue 2022: $11,125,515Expenses 2022: $9,106,171Net Income 2022: $2,019,3442022Revenue 2023: $11,482,706Expenses 2023: $9,263,223Net Income 2023: $2,219,4832023Revenue 2024: $13,134,663Expenses 2024: $11,529,190Net Income 2024: $1,605,4732024

Highlighted filing

2014

Revenue$2,619,107
Expenses$1,727,375
Net Income$891,732
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 15, 2014
Return Version
2013v4.0
Gross Receipts
$2,619,107
Mission and Program Overview

Mission

To operate a public charter school for the education of children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$723,873-
Cash and Non-Interest-Bearing Accounts$432$217,384▲ $216,952
Accounts Receivable-$43,043-
Prepaid Expenses and Deferred Charges-$17,918-
Total Assets$432$1,002,218▲ $1,001,786
Liabilities
Mortgage Notes Payable Secured by Investment Property-$67,800-
Accounts Payable and Accrued Expenses-$50,708-
Other Liabilities$8,454--
Total Liabilities$8,454$118,508▲ $110,054
Net Assets / Fund Balance
Temporarily Rstr Net Assets$-8,022$656,073▲ $664,095
Unrestricted Net Assets-$227,637-
Total Net Assets Fund Balance$-8,022$883,710▲ $891,732
Total Liabilities and Net Assets / Fund Balance$432$1,002,218▲ $1,001,786

Asset Categories

AssetBook ValueDepreciationBasis
Land$597,643-$597,643
Leasehold Improvements$75,420$1,278$76,698
Equipment$50,810$5,646$56,456
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
T G WestmorelandChair
Debbie ClaryVice-Chair
Betsy SelznickDirector
Carolyn JacksonDirector
Gary RitchieDirector
Pauline CahillDirector
Stephen GrintonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,555,618
Program Service Revenue
$0
Investment Income
$128
Other Revenue
$63,361
All Other Contributions
$528,034
Change in Net Assets
$891,732

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,619,107
Revenue Not Reported on Form 990
$339
Total Revenue per Audited Statements
$2,619,446
Total Revenue per Form 990
$2,619,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,083,667
Other Expenses$643,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$764,847$20,167$0$785,014
Occupancy$659$178,383$0$179,042
All Other Expenses$116,018$27,677$0$143,695
Other Employee Benefits$114,606$4,867$0$119,473
Pension Plan Contributions$109,842$2,963$0$112,805
Payroll Taxes$64,819$1,556$0$66,375
Other Expenses$58,759$0$0$58,759
Office Expenses$14,146$8,229$0$22,375
Conferences and Meetings$14,439$0$0$14,439
Depreciation Depletion$5,646$1,278$0$6,924
Insurance$0$6,811$0$6,811
Advertising$0$3,588$0$3,588
Information Technology$3,000$0$0$3,000
Interest$0$481$0$481
Travel$208$0$0$208
Total Functional Expenses$1,385,424$341,951$0$1,727,375

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,735,736
Expenses per Audited Statements$1,727,375
Total Expenses per Form 990$1,727,375
Expenses Not Reported on Form 990$8,361
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Family MemberRemodel contractNo$72,534
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
Yes
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
No
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

EIN
46-1982572
Phone
7047044040

Signing Officer

Name
Wes Westmoreland
Title
Chairman
Phone
7047044040
Signed
2014-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wes Westmoreland
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
29
Volunteers
50

Preparer

Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Reviewed by board prior to filing.”

Pt VI, Line 12C

“Conflict of interest statemetns signed and on file.”

Pt VI, Line 15A

“Comparison to other charter schools.”

Form 990, Part IX, Line 24F

“Non-capital inst equip 14419. 14419. 0. 0. Non-capital comp equip 101599. 101599. 0. 0. Repairs & maintenance 27677. 0. 27677. 0.”

Financial Statement Notes

Pt XI Line 2D

“Revenue recognized prior year T/R (Audit is for 15 Months)”

Pt XII Line 2D

“Expenses recognized prior year T/R (Audit is for 15 Months)”

Raw XML Appendix395 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.

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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02619446
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01735736
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/ExplanationTxt0RADIO AND NEWSPAPER ADVERTISEMENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL GRANTS FOR CHARTER SCHOOLS RECEIVED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine10Clary Construction
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt072534
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Remodel contract
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed by board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of interest statemetns signed and on file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Comparison to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NON-CAPITAL INST EQUIP 14419. 14419. 0. 0. NON-CAPITAL COMP EQUIP 101599. 101599. 0. 0. REPAIRS & MAINTENANCE 27677. 0. 27677. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0-8022
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0656073
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0432
IRS990/TotalAssetsEOYAmt01002218
IRS990/TotalAssetsGrp/BOYAmt0432
IRS990/TotalAssetsGrp/EOYAmt01002218
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02555618
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0341951
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01385424
IRS990/TotalFunctionalExpensesGrp/TotalAmt01727375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08454
IRS990/TotalLiabilitiesEOYAmt0118508
IRS990/TotalLiabilitiesGrp/BOYAmt08454
IRS990/TotalLiabilitiesGrp/EOYAmt0118508
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-8022
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0883710
IRS990/TotalProgramServiceExpensesAmt01385424
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt063489
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02619107
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01002218
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0208
IRS990/TravelGrp/TotalAmt0208
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0227637
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10P O Box 2695
IRS990/USAddress/City0Shelby
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028151
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WES WESTMORELAND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum07047044040
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10Pinnacle Classical Academy
ReturnHeader/Filer/BusinessNameControlTxt0PINN
ReturnHeader/Filer/EIN0461982572
ReturnHeader/Filer/PhoneNum07047044040
ReturnHeader/Filer/USAddress/AddressLine10P O Box 2695
ReturnHeader/Filer/USAddress/City0Shelby
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028151
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047390771
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARRELL L KELLER
ReturnHeader/ReturnTs02015-02-16T13:30:29-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,002,218
Liabilities
$118,508
Net assets
$883,710
Revenue
$2,619,107
Expenses
$1,727,375
Net income
$891,732
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.9$35.7$3.21$13.1$11.5$1.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.7$27.1$1.60$11.5$9.26$2.22
2022Detailed filing. Detailed filing data is available for this year.$24.2$24.8$0.62$11.1$9.11$2.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$25.9$2.64$9.76$9.08$0.69
2020Detailed filing. Detailed filing data is available for this year.$23.2$26.5$3.32$8.46$8.42$0.03
2019Detailed filing. Detailed filing data is available for this year.$21.3$24.6$3.36$7.53$7.66$0.13
2018Detailed filing. Detailed filing data is available for this year.$18.5$21.8$3.23$5.74$6.62$0.88
2017Detailed filing. Detailed filing data is available for this year.$14.6$12.5$2.12$4.39$4.32$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.64$1.59$2.05$3.44$2.84$0.60
2015Detailed filing. Detailed filing data is available for this year.$1.85$0.40$1.45$2.71$2.21$0.50
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.12$0.88$2.62$1.73$0.89
2013Summary only. Only limited summary data is available for this year.$0.00$0.01$0.00$0.01$0.01