Civic Intelligence

Pinnacle Classical Academy

990 • Fiscal year 2018 • EIN 46-1982572

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 24, 2019

Organization Profilewww.pinnacleclassicalacademy.com
P O Box 2695Shelby, NC 28151

(704) 704-4040

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.17x

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

3.79x

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Net Margin

10th percentile

-15%

Higher net margin than 10% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

27th percentile

$97,003

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

31%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$18,523,019

Up $3,934,649 (+27%) from 2017

Net Assets

Down

-$3,228,994

Down $5,344,343 (-253%) from 2017

Liabilities

Up

$21,752,013

Up $9,278,992 (+74%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin10th percentile

Revenue

Up

$5,741,778

Up $1,351,124 (+31%) from 2017

Expenses

Up

$6,623,762

Up $2,299,559 (+53%) from 2017

Net Income

Down

-$881,984

Down $948,435 (-1427%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2018

Assets$18,523,019
Liabilities$21,752,013
Net Assets-$3,228,994
Open 2018 Filing

Operations Trend

Revenue Growth82nd 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

2018

Revenue$5,741,778
Expenses$6,623,762
Net Income-$881,984
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 24, 2019
Return Version
2017v2.2
Gross Receipts
$6,037,068
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$12,314,784$12,866,039▲ $551,255
Cash and Non-Interest-Bearing Accounts$951,905$2,350,731▲ $1,398,826
Savings and Temporary Cash Investments-$871,770-
Accounts Receivable$282,026$58,739▼ $223,287
Prepaid Expenses and Deferred Charges$14,782$20,079▲ $5,297
Total Assets$14,588,370$18,523,019▲ $3,934,649
Other Assets Total$1,024,873$2,355,661▲ $1,330,788
Liabilities
Other Liabilities$11,351,265$21,352,232▲ $10,000,967
Accounts Payable and Accrued Expenses$1,121,756$399,781▼ $721,975
Total Liabilities$12,473,021$21,752,013▲ $9,278,992
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,117,606$-273,103▼ $2,390,709
Unrestricted Net Assets$-2,257$-2,955,891▼ $2,953,634
Total Net Assets Fund Balance$2,115,349$-3,228,994▼ $5,344,343
Total Liabilities and Net Assets / Fund Balance$14,588,370$18,523,019▲ $3,934,649

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,237,295$338,793$12,576,088
Land$551,700-$551,700
Equipment$77,044$58,744$135,788
Other Assets Org$8,758--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert BrownHeadmasterFT$97,003$97,003

Board Members and Trustees

NameTitle
Debbie ClaryChair
T G WestmorelandVice Chair
Betsy HarnageDirector
Jason PhilbeckDirector
Mike JacksonDirector
Pauline CahillDirector
Stephen GrintonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,657,234
Program Service Revenue
$0
Investment Income
$-110,290
Other Revenue
$194,834
All Other Contributions
$165,330
Change in Net Assets
$-881,984

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,741,778
Total Revenue per Audited Statements
$5,741,778
Total Revenue per Form 990
$5,741,778
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,402,173
Other Expenses$2,221,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,637,784$88,854$0$2,726,638
Pension Plan Contributions$965,882$13,129$0$979,011
Interest$0$495,861$0$495,861
Other Employee Benefits$356,777$15,689$0$372,466
Other Expenses$336,491$0$0$336,491
Depreciation Depletion$19,224$262,217$0$281,441
Payroll Taxes$219,484$7,571$0$227,055
All Other Expenses$94,572$13,475$0$108,047
Current Officers, Directors, Trustees, and Key Employees$97,003$0$0$97,003
Office Expenses$40,640$50,542$0$91,182
Occupancy$0$84,973$0$84,973
Insurance$0$31,256$0$31,256
Conferences and Meetings$20,526$0$0$20,526
Information Technology$9,747$0$0$9,747
Fees for Services Accounting$0$7,800$0$7,800
Fees for Services Legal$0$3,000$0$3,000
Advertising$0$2,193$0$2,193
Travel$564$0$0$564
Total Functional Expenses$5,286,958$1,336,804$0$6,623,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,623,762
Total Expenses per Audited Statements$6,623,762
Total Expenses per Form 990$6,623,762
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 MemberMaintenance, Repairs and improvementsNo$101,062
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term liabilities$18,460,586
Deferred Inflows of Resources$1,657,047
Net Pension Liability$1,234,599
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

Filer Name
Pinnacle Classical Academy
EIN
46-1982572
Phone
7047044040
Address
P O Box 2695, Shelby, NC 28151

Signing Officer

Name
Debbie Clary
Title
Chair
Phone
7047044040
Signed
2019-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Clary
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
102
Volunteers
50

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 the 990 prior to filing.”

Pt VI, Line 12C

“Conflict of Interest statemetns signed annually.”

Pt VI, Line 15A

“Compared to other charter schools.”

Pt XI

“Adoption of GASB 75 required restatement of beginning balance”

Form 990, Part IX, Line 24E

“Repairs/Maintenance 11775. 0. 11775. 0.”

Form 990, Part IX, Line 24E

“Food Purchases 5117. 3417. 1700. 0.”

Form 990, Part IX, Line 24E

“Sales Tax Expense 91155. 91155. 0. 0.”

Raw XML AppendixShowing 400 of 465 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/BOYAmt01121756
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0399781
IRS990/AccountsReceivableGrp/BOYAmt0282026
IRS990/AccountsReceivableGrp/EOYAmt058739
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN.
IRS990/AdvertisingGrp/FundraisingAmt00
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02193
IRS990/AdvertisingGrp/ProgramServicesAmt00
IRS990/AdvertisingGrp/TotalAmt02193
IRS990/AllOtherContributionsAmt0165330
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt013475
IRS990/AllOtherExpensesGrp/ProgramServicesAmt094572
IRS990/AllOtherExpensesGrp/TotalAmt0108047
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Acadia NorthStar
IRS990/BooksInCareOfDetail/PhoneNum08282877897
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Rutherfordton
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028139
IRS990/BusinessRlnWithFamMemInd0true
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0951905
IRS990/CashNonInterestBearingGrp/EOYAmt02350731
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt097003
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt097003
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt020526
IRS990/ConferencesMeetingsGrp/TotalAmt020526
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05657234
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-110290
IRS990/CYOtherExpensesAmt02221589
IRS990/CYOtherRevenueAmt0194834
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-881984
IRS990/CYSalariesCompEmpBnftPaidAmt04402173
IRS990/CYTotalExpensesAmt06623762
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05741778
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0262217
IRS990/DepreciationDepletionGrp/ProgramServicesAmt019224
IRS990/DepreciationDepletionGrp/TotalAmt0281441
IRS990/Desc0PROVIDE FACILITIES, TEACHERS, MATERIALS AND INSTRUCTION TO ENROLLED STUDENTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0102
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05286958
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07800
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt07800
IRS990/FeesForServicesLegalGrp/FundraisingAmt00
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt03000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0T G WESTMORELAND
IRS990/Form990PartVIISectionAGrp/PersonNm1DEBBIE CLARY
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON PHILBECK
IRS990/Form990PartVIISectionAGrp/PersonNm3PAULINE CAHILL
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN GRINTON
IRS990/Form990PartVIISectionAGrp/PersonNm5BETSY HARNAGE
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm7ROBERT BROWN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt797003
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Headmaster
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0-110290
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt05491904
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0185000
IRS990/GrossReceiptsAmt06037068
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt09747
IRS990/InformationTechnologyGrp/TotalAmt09747
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt031256
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt031256
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0495861
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0495861
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0397537
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012314784
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012866039
IRS990/LandBldgEquipCostOrOtherBssAmt013263576
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0295290
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To operate a public charter school
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02115349
IRS990/NetAssetsOrFundBalancesEOYAmt0-3228994
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-110290
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-110290
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt084973
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt084973
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt050542
IRS990/OfficeExpensesGrp/ProgramServicesAmt040640
IRS990/OfficeExpensesGrp/TotalAmt091182
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01024873
IRS990/OtherAssetsTotalGrp/EOYAmt02355661
IRS990/OtherChangesInNetAssetsAmt0-4462359
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015689
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0356777
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0372466
IRS990/OtherExpensesGrp/Desc0Contracted services
IRS990/OtherExpensesGrp/Desc1Field Trips
IRS990/OtherExpensesGrp/Desc2Supplies and Books
IRS990/OtherExpensesGrp/Desc3Non-Cap Equipment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0225874
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234370
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt046796
IRS990/OtherExpensesGrp/ProgramServicesAmt1187257
IRS990/OtherExpensesGrp/ProgramServicesAmt2254211
IRS990/OtherExpensesGrp/ProgramServicesAmt3336491
IRS990/OtherExpensesGrp/TotalAmt0272670
IRS990/OtherExpensesGrp/TotalAmt1187257
IRS990/OtherExpensesGrp/TotalAmt2288581
IRS990/OtherExpensesGrp/TotalAmt3336491
IRS990/OtherLiabilitiesGrp/BOYAmt011351265
IRS990/OtherLiabilitiesGrp/EOYAmt021352232
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Field Trips
IRS990/OtherRevenueMiscGrp/Desc1Student Activities
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0177963
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116871
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0177963
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116871
IRS990/OtherRevenueTotalAmt0194834
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt088854
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02637784
IRS990/OtherSalariesAndWagesGrp/TotalAmt02726638
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07571
IRS990/PayrollTaxesGrp/ProgramServicesAmt0219484
IRS990/PayrollTaxesGrp/TotalAmt0227055
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013129
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0965882
IRS990/PensionPlanContributionsGrp/TotalAmt0979011
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014782
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020079
IRS990/PrincipalOfficerNm0DEBBIE CLARY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04248993
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt01873171
IRS990/PYOtherRevenueAmt0141661
IRS990/PYRevenuesLessExpensesAmt066451
IRS990/PYSalariesCompEmpBnftPaidAmt02451032
IRS990/PYTotalExpensesAmt04324203
IRS990/PYTotalRevenueAmt04390654
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-881984
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05741778
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0871770
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt012237295
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0338793
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012576088
IRS990ScheduleD/EquipmentGrp/BookValueAmt077044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt058744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0135788
IRS990ScheduleD/ExpensesSubtotalAmt06623762
IRS990ScheduleD/LandGrp/BookValueAmt0551700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0551700
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02346903
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18758
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Outflows of Resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net OPEB Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01234599
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11657047
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt218460586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Long-term liabilities
IRS990ScheduleD/RevenueSubtotalAmt05741778
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012866039
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02355661
IRS990ScheduleD/TotalExpensesPerForm990Amt06623762
IRS990ScheduleD/TotalLiabilityAmt021352232
IRS990ScheduleD/TotalRevenuePerForm990Amt05741778
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05741778
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06623762
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. N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Clary Construction
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family Member
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0101062
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Maintenance, Repairs and improvements
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board reviews the 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statemetns signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Adoption of GASB 75 required restatement of beginning balance
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Repairs/Maintenance 11775. 0. 11775. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Food Purchases 5117. 3417. 1700. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Sales Tax Expense 91155. 91155. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02117606
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0-273103
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014588370
IRS990/TotalAssetsEOYAmt018523019
IRS990/TotalAssetsGrp/BOYAmt014588370
IRS990/TotalAssetsGrp/EOYAmt018523019
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05657234
IRS990/TotalEmployeeCnt0102
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01336804
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05286958
IRS990/TotalFunctionalExpensesGrp/TotalAmt06623762

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,523,019
Liabilities
$21,752,013
Net assets
-$3,228,994
Revenue
$5,741,778
Expenses
$6,623,762
Net income
-$881,984
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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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