Civic Intelligence

Emerald Charter Schools

990 • Fiscal year 2015 • EIN 46-4687417

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 04, 2016

Organization ProfileWWW.EMERALDCHARTERSCHOOLS.ORG
PO Box 3304Knoxville, TN 37927

(865) 637-3227

Siviq Scores

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

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

88th percentile

2.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

$6,575,743

No earlier filing loaded for comparison.

Net Assets

$1,661,735

No earlier filing loaded for comparison.

Liabilities

$4,914,008

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin96th percentile

Revenue

$2,214,563

No earlier filing loaded for comparison.

Expenses

$552,828

No earlier filing loaded for comparison.

Net Income

$1,661,735

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $6,575,743Liabilities 2015: $4,914,008Net Assets 2015: $1,661,7352015Assets 2016: $5,565,866Liabilities 2016: $4,618,661Net Assets 2016: $947,2052016Assets 2017: $5,638,841Liabilities 2017: $4,946,832Net Assets 2017: $692,0092017Assets 2018: $5,705,411Liabilities 2018: $5,086,308Net Assets 2018: $619,1032018Assets 2019: $5,646,921Liabilities 2019: $4,613,243Net Assets 2019: $1,033,6782019Assets 2020: $6,452,043Liabilities 2020: $5,500,384Net Assets 2020: $951,6592020Assets 2021: $7,107,361Liabilities 2021: $4,837,316Net Assets 2021: $2,270,0452021Assets 2022: $7,649,201Liabilities 2022: $5,090,910Net Assets 2022: $2,558,2912022Assets 2023: $7,328,157Liabilities 2023: $4,392,750Net Assets 2023: $2,935,4072023Assets 2024: $7,818,916Liabilities 2024: $4,521,339Net Assets 2024: $3,297,5772024Assets 2025: $7,605,708Liabilities 2025: $4,407,811Net Assets 2025: $3,197,8972025

Highlighted filing

2015

Assets$6,575,743
Liabilities$4,914,008
Net Assets$1,661,735
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MRevenue 2015: $2,214,563Expenses 2015: $552,828Net Income 2015: $1,661,7352015Revenue 2016: $1,174,754Expenses 2016: $1,889,284Net Income 2016: -$714,5302016Revenue 2017: $2,628,344Expenses 2017: $2,883,540Net Income 2017: -$255,1962017Revenue 2018: $3,772,783Expenses 2018: $3,845,689Net Income 2018: -$72,9062018Revenue 2019: $5,129,363Expenses 2019: $4,618,372Net Income 2019: $510,9912019Revenue 2020: $5,032,908Expenses 2020: $5,114,927Net Income 2020: -$82,0192020Revenue 2021: $6,290,913Expenses 2021: $4,972,527Net Income 2021: $1,318,3862021Revenue 2022: $5,598,772Expenses 2022: $5,310,526Net Income 2022: $288,2462022Revenue 2023: $6,568,116Expenses 2023: $6,191,000Net Income 2023: $377,1162023Revenue 2024: $7,110,812Expenses 2024: $6,967,511Net Income 2024: $143,3012024Revenue 2025: $7,220,463Expenses 2025: $7,320,143Net Income 2025: -$99,6802025

Highlighted filing

2015

Revenue$2,214,563
Expenses$552,828
Net Income$1,661,735
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 4, 2016
Return Version
2014v6.0
Gross Receipts
$2,214,563
Mission and Program Overview

Mission

To provide free, sustainable, high quality public schools in knoxville's urban neighborhoods, ensuring all enrolled students have access to an outstanding college preparatory education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$3,613,696-
Savings and Temporary Cash Investments-$2,548,139-
Cash and Non-Interest-Bearing Accounts-$341,697-
Pledges and Grants Receivable-$54,675-
Prepaid Expenses and Deferred Charges-$4,626-
Total Assets$0$6,575,743▲ $6,575,743
Other Assets Total-$12,910-
Liabilities
Tax Exempt Bond Liabilities-$3,600,000-
Accounts Payable and Accrued Expenses-$1,151,147-
Mortgage Notes Payable Secured by Investment Property-$162,861-
Total Liabilities$0$4,914,008▲ $4,914,008
Net Assets / Fund Balance
Unrestricted Net Assets-$1,661,735-
Total Net Assets Fund Balance$0$1,661,735▲ $1,661,735
Total Liabilities and Net Assets / Fund Balance$0$6,575,743▲ $6,575,743

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,893,463-$2,893,463
Buildings$605,757-$605,757
Land$100,000-$100,000
Equipment$12,183$217$12,400
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Steve DiggsPresident
Alvin NanceDirector
Guille CruzeDirector
Randall GibsonDirector
Renda BurkhartDirector
Timothy MclemoreDirector
Mary Kay EmgeSecretary
Edwin HedgepethVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,210,300
Program Service Revenue
$0
Investment Income
$1,825
Other Revenue
$2,438
All Other Contributions
$2,023,050
Change in Net Assets
$1,661,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,214,563
Total Revenue per Audited Statements
$2,214,563
Total Revenue per Form 990
$2,214,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$386,659
Salaries, Compensation, and Employee Benefits$166,169
Total Fundraising Expense$34,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,810--$142,810
Fees for Services Other-$87,000-$87,000
Occupancy$41,177$218-$41,395
Fees for Services Legal-$32,251-$32,251
All Other Expenses$24,684$4,258$699$29,641
Insurance$12,890--$12,890
Other Employee Benefits$12,203--$12,203
Payroll Taxes$11,156--$11,156
Advertising$3,205$3,889$1,675$8,769
Information Technology$4,804$1,681-$6,485
Other Expenses$1,633$179$4,025$5,837
Travel$1,344$3,467-$4,811
Office Expenses$1,476$2,085$18$3,579
Interest-$1,345-$1,345
Depreciation Depletion$217--$217
Total Functional Expenses$261,705$257,085$34,038$552,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$552,828
Total Expenses per Audited Statements$552,828
Total Expenses per Form 990$552,828
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AEducational Revenue Bonds2015-05-01$3,600,000Capital expenditures related to the renovation of a school building

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,600,000--$27,300

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
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
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
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, Page 6, Part VI, Line 11B

“Form 990 is provided to all board members for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Expenses are reviewed by an outside party.”

Form 990, Page 6, Part VI, Line 15A

“Compensation is determined by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request and on the organizations website. Governing documents are also subject to the open records law of the state of tennessee and are submitted to the chartering authority, knox county schools, a fund of knox county, tennessee.”

Filing and Contact Details

Filer

Filer Name
Emerald Charter Schools
EIN
46-4687417
Phone
8656373227
Address
PO BOX 3304, KNOXVILLE, TN 37927

Signing Officer

Name
Steve Diggs
Title
President
Phone
8656373227
Signed
2016-02-04

Organization Details

Principal Officer
Steve Diggs President
Formed
2014
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Mitchell Emert & Hill Pc
Address
416 ERIN DRIVE, KNOXVILLE, TN 37919-6205
Preparer
Larry a Mitchell Ea
Phone
8655222396
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Professional services 0 87,000 0”

Raw XML AppendixShowing 400 of 420 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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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
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IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS PUBLISHED ON THE ORGANIZATIONS WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1DURING THE YEAR ENDED JUNE 30, 2015, THE SCHOOL RECEIVED A FEDERAL PUBLIC CHARTER SCHOOLS PROGRAM PLANNING AND IMPLEMENTATION GRANT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2EMERALD CHARTER SCHOOLS INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY ON MOST WRITTEN COMMUNICATIONS DEALING WITH STUDENT ADMISSIONS, PROGRAMS AND SCHOLARSHIPS. EMERALD CHARTER SCHOOLS, OPERATES A PUBLIC CHARTER SCHOOL AS PART OF THE STATE OF TENNESSEE'S PUBLIC EDUCATION PROGRAM. STUDENT ADMISSION IS BASED ON A RANDOM DRAWING FROM ALL APPLICANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, LINE 7
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-05-01
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03600000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0EDUCATIONAL REVENUE BONDS
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CAPITAL EXPENDITURES RELATED TO THE RENOVATION OF A SCHOOL BUILDING
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
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IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03600000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt02548139
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ARE REVIEWED BY AN OUTSIDE PARTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND ON THE ORGANIZATIONS WEBSITE. GOVERNING DOCUMENTS ARE ALSO SUBJECT TO THE OPEN RECORDS LAW OF THE STATE OF TENNESSEE AND ARE SUBMITTED TO THE CHARTERING AUTHORITY, KNOX COUNTY SCHOOLS, A FUND OF KNOX COUNTY, TENNESSEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL SERVICES 0 87,000 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt01661735
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3304
IRS990/USAddress/CityNm0KNOXVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037927
IRS990/VotingMembersGoverningBodyCnt07
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IRS990/WebsiteAddressTxt0WWW.EMERALDCHARTERSCHOOLS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE DIGGS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08656373227
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EMERALD CHARTER SCHOOLS
ReturnHeader/Filer/BusinessNameControlTxt0EMER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,575,743
Liabilities
$4,914,008
Net assets
$1,661,735
Revenue
$2,214,563
Expenses
$552,828
Net income
$1,661,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.61$4.41$3.20$7.22$7.32$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.82$4.52$3.30$7.11$6.97$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.33$4.39$2.94$6.57$6.19$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.65$5.09$2.56$5.60$5.31$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.11$4.84$2.27$6.29$4.97$1.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$5.50$0.95$5.03$5.11$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$4.61$1.03$5.13$4.62$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.71$5.09$0.62$3.77$3.85$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.64$4.95$0.69$2.63$2.88$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.57$4.62$0.95$1.17$1.89$0.71
2015Detailed filing. Detailed filing data is available for this year.$6.58$4.91$1.66$2.21$0.55$1.66
Peer Organizations

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