Civic Intelligence

Wilson Preparatory Academy

990 • Fiscal year 2020 • EIN 46-4558935

Jul 01, 2019 to Jun 30, 2020 • Filed on May 07, 2021

Organization Profilewww.wilsonprep.org
2755 Tilghman Road NWilson, NC 27896

(252) 294-2533

Siviq Scores

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

Liabilities / Assets

81st percentile

0.82x

Higher debt load relative to assets than 81% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

2.10x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

79th percentile

16%

Higher net margin than 79% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

47th percentile

5.5%

Faster asset growth than 47% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

5.4%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$19,252,767

Up $1,000,688 (+5.5%) from 2019

Net Assets

Up

$3,506,689

Up $1,177,481 (+51%) from 2019

Liabilities

Down

$15,746,078

Down $176,793 (-1.1%) from 2019

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin79th percentile

Revenue

Up

$7,506,787

Up $384,216 (+5.4%) from 2019

Expenses

Up

$6,329,306

Up $199,128 (+3.2%) from 2019

Net Income

Up

$1,177,481

Up $185,088 (+19%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$30M$20M$10M$0Assets 2015: $95,981Liabilities 2015: $31,519Net Assets 2015: $64,4622015Assets 2016: $322,276Liabilities 2016: $64,489Net Assets 2016: $257,7872016Assets 2017: $941,789Liabilities 2017: $62,813Net Assets 2017: $878,9762017Assets 2018: $1,538,452Liabilities 2018: $201,637Net Assets 2018: $1,336,8152018Assets 2019: $18,252,079Liabilities 2019: $15,922,871Net Assets 2019: $2,329,2082019Assets 2020: $19,252,767Liabilities 2020: $15,746,078Net Assets 2020: $3,506,6892020Assets 2021: $22,528,439Liabilities 2021: $17,155,039Net Assets 2021: $5,373,4002021Assets 2022: $23,762,699Liabilities 2022: $16,679,426Net Assets 2022: $7,083,2732022Assets 2023: $23,805,617Liabilities 2023: $16,304,088Net Assets 2023: $7,501,5292023Assets 2024: $23,266,197Liabilities 2024: $15,635,045Net Assets 2024: $7,631,1522024

Highlighted filing

2020

Assets$19,252,767
Liabilities$15,746,078
Net Assets$3,506,689
Open 2020 Filing

Operations Trend

Revenue Growth57th percentile

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

$15M$10M$5.0M$0Revenue 2015: $2,547,983Expenses 2015: $2,483,521Net Income 2015: $64,4622015Revenue 2016: $3,245,848Expenses 2016: $3,052,523Net Income 2016: $193,3252016Revenue 2017: $4,364,402Expenses 2017: $3,743,213Net Income 2017: $621,1892017Revenue 2018: $5,568,646Expenses 2018: $5,110,807Net Income 2018: $457,8392018Revenue 2019: $7,122,571Expenses 2019: $6,130,178Net Income 2019: $992,3932019Revenue 2020: $7,506,787Expenses 2020: $6,329,306Net Income 2020: $1,177,4812020Revenue 2021: $9,322,608Expenses 2021: $7,455,897Net Income 2021: $1,866,7112021Revenue 2022: $10,216,805Expenses 2022: $8,506,932Net Income 2022: $1,709,8732022Revenue 2023: $9,915,709Expenses 2023: $9,497,453Net Income 2023: $418,2562023Revenue 2024: $9,296,520Expenses 2024: $9,166,897Net Income 2024: $129,6232024

Highlighted filing

2020

Revenue$7,506,787
Expenses$6,329,306
Net Income$1,177,481
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 7, 2021
Return Version
2019v5.1
Gross Receipts
$7,506,787
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,237,573$15,699,354▲ $461,781
Cash and Non-Interest-Bearing Accounts$1,863,343$2,491,507▲ $628,164
Accounts Receivable$17,054$29,761▲ $12,707
Prepaid Expenses and Deferred Charges$120,119$20,395▼ $99,724
Total Assets$18,252,079$19,252,767▲ $1,000,688
Other Assets Total$1,013,990$1,011,750▼ $2,240
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,625,000$15,375,000▼ $250,000
Other Liabilities$240,454$336,802▲ $96,348
Accounts Payable and Accrued Expenses$57,417$34,276▼ $23,141
Total Liabilities$15,922,871$15,746,078▼ $176,793
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,315,218$2,494,939▲ $1,179,721
Net Assets With Donor Restrictions$1,013,990$1,011,750▼ $2,240
Total Net Assets Fund Balance$2,329,208$3,506,689▲ $1,177,481
Total Liabilities and Net Assets / Fund Balance$18,252,079$19,252,767▲ $1,000,688

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,365,083$651,022$16,016,105
Equipment$334,271$77,378$411,649
Other Assets Org$1,011,750--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Dr Curtis LeeChairman
Dennis ParkerVice Chairman
Asley AmmonsBoard Member
Renee SmithSecretary
Melanie WombleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,921
Program Service Revenue
$7,333,969
Investment Income
$5,897
Other Revenue
$0
All Other Contributions
$2,230
Change in Net Assets
$1,177,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,506,787
Total Revenue per Audited Statements
$7,506,787
Total Revenue per Form 990
$7,506,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,869,595
Other Expenses$2,459,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,815,947$432,703-$3,248,650
Interest-$760,844-$760,844
Depreciation Depletion$520,137--$520,137
Other Employee Benefits$279,390$18,985-$298,375
Occupancy$205,003$68,335-$273,338
Payroll Taxes$222,221$33,387-$255,608
Other Expenses$26,216$108,065-$108,065
Pension Plan Contributions$51,012$15,950-$66,962
Conferences and Meetings$62,392--$62,392
Fees for Services Legal-$32,372-$32,372
Advertising-$12,788-$12,788
Insurance-$10,970-$10,970
Fees for Services Accounting-$7,700-$7,700
Total Functional Expenses$4,580,352$1,748,954$0$6,329,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,329,306
Total Expenses per Audited Statements$6,329,306
Total Expenses per Form 990$6,329,306
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
Compensated Absences$231,287
Federal income taxes$105,515
Accrued salaries payable-
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The board treasurer reviews the 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 B, Line 15A

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals.”

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

“Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals. There are no officers on the board of directors receiving 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 Schools office upon request.”

Form 990, Part VI, Section A, Line 3

“Acadia NorthStar, LLC - accounting and business services”

Filing and Contact Details

Filer

Filer Name
Wilson Preparatory Academy
EIN
46-4558935
Phone
2522942533
Address
2755 Tilghman Road N, Wilson, NC 27896

Signing Officer

Name
Daryl Woodard
Title
Executive Director
Signed
2021-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daryl Woodard
Formed
2012
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
113
Volunteers
50

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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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0411649
IRS990ScheduleD/ExpensesSubtotalAmt06329306
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01011750
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Bond proceeds held in trust
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0105515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1231287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Accrued salaries payable
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt07506787
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015699354
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01011750
IRS990ScheduleD/TotalExpensesPerForm990Amt06329306
IRS990ScheduleD/TotalLiabilityAmt0336802
IRS990ScheduleD/TotalRevenuePerForm990Amt07506787
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07506787
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06329306
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 state and local governments. The School also receives federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board treasurer reviews the 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/ExplanationTxt2Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals. There are no officers on the board of directors receiving compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Acadia NorthStar, LLC - accounting and business services
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section A, Line 3
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018252079
IRS990/TotalAssetsEOYAmt019252767
IRS990/TotalAssetsGrp/BOYAmt018252079
IRS990/TotalAssetsGrp/EOYAmt019252767
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166921
IRS990/TotalEmployeeCnt0113
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01748954
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04580352
IRS990/TotalFunctionalExpensesGrp/TotalAmt06329306
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015922871
IRS990/TotalLiabilitiesEOYAmt015746078
IRS990/TotalLiabilitiesGrp/BOYAmt015922871
IRS990/TotalLiabilitiesGrp/EOYAmt015746078
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02329208
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03506689
IRS990/TotalProgramServiceExpensesAmt04580352
IRS990/TotalProgramServiceRevenueAmt07333969
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07506787
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018252079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019252767
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02755 Tilghman Road
IRS990/USAddress/CityNm0Wilson
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027896
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.wilsonprep.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Daryl Woodard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wilson Preparatory Academy
ReturnHeader/Filer/BusinessNameControlTxt0WILS
ReturnHeader/Filer/EIN0464558935
ReturnHeader/Filer/PhoneNum02522942533
ReturnHeader/Filer/USAddress/AddressLine1Txt02755 Tilghman Road N
ReturnHeader/Filer/USAddress/CityNm0Wilson
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027896
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/PreparationDt02021-05-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rebekah Barr
ReturnHeader/ReturnTs02021-05-07T02:11:19-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,252,767
Liabilities
$15,746,078
Net assets
$3,506,689
Revenue
$7,506,787
Expenses
$6,329,306
Net income
$1,177,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$15.6$7.63$9.30$9.17$0.13
2023Summary only. Only limited summary data is available for this year.$23.8$16.3$7.50$9.92$9.50$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.8$16.7$7.08$10.2$8.51$1.71
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.5$17.2$5.37$9.32$7.46$1.87
2020Detailed filing. Detailed filing data is available for this year.$19.3$15.7$3.51$7.51$6.33$1.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$15.9$2.33$7.12$6.13$0.99
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.20$1.34$5.57$5.11$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.06$0.88$4.36$3.74$0.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.06$0.26$3.25$3.05$0.19
2015Summary only. Only limited summary data is available for this year.$0.10$0.03$0.06$2.55$2.48$0.06