Civic Intelligence

Thunderbird Preparatory Academy Inc.

990 • Fiscal year 2016 • EIN 46-5055270

Jul 01, 2015 to Jun 30, 2016 • Filed on May 11, 2017

Organization ProfileWWW.THUNDERBIRDPREP.ORG
17609 Old Statesville RoadCornelius, NC 28031

(704) 992-0061

Siviq Scores

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

Liabilities / Assets

64th percentile

0.50x

Higher debt load relative to assets than 64% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

70th percentile

10%

Higher net margin than 70% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

86th percentile

39%

Faster asset growth than 86% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$628,220

Up $176,621 (+39%) from 2015

Net Assets

Up

$313,102

Up $538,790 (+239%) from 2015

Liabilities

Down

$315,118

Down $362,169 (-53%) from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin70th percentile

Revenue

Up

$5,365,650

Up $773,205 (+17%) from 2015

Expenses

Up

$4,825,736

Up $7,603 (+0.2%) from 2015

Net Income

Up

$539,914

Up $765,602 (+339%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2015: $451,599Liabilities 2015: $677,287Net Assets 2015: -$225,6882015Assets 2016: $628,220Liabilities 2016: $315,118Net Assets 2016: $313,1022016Assets 2017: $584,955Liabilities 2017: $552,088Net Assets 2017: $32,8672017Assets 2018: $443,295Liabilities 2018: $514,303Net Assets 2018: -$71,0082018Assets 2020: $338,770Liabilities 2020: $593,689Net Assets 2020: -$254,9192020Assets 2021: $518,767Liabilities 2021: $298,983Net Assets 2021: $219,7842021Assets 2022: $15,940,176Liabilities 2022: $16,598,431Net Assets 2022: -$658,2552022Assets 2023: $15,471,427Liabilities 2023: $16,435,606Net Assets 2023: -$964,1792023Assets 2024: $768,585Liabilities 2024: $91,861Net Assets 2024: $676,7242024

Highlighted filing

2016

Assets$628,220
Liabilities$315,118
Net Assets$313,102
Open 2016 Filing

Operations Trend

Revenue Growth73rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $4,592,445Expenses 2015: $4,818,133Net Income 2015: -$225,6882015Revenue 2016: $5,365,650Expenses 2016: $4,825,736Net Income 2016: $539,9142016Revenue 2017: $1,611,863Expenses 2017: $1,891,267Net Income 2017: -$279,4042017Revenue 2018: $1,252,807Expenses 2018: $1,357,005Net Income 2018: -$104,1982018Revenue 2020: $1,614,071Expenses 2020: $1,505,519Net Income 2020: $108,5522020Revenue 2021: $2,676,176Expenses 2021: $2,201,473Net Income 2021: $474,7032021Revenue 2022: $2,690,563Expenses 2022: $3,568,602Net Income 2022: -$878,0392022Revenue 2023: $2,803,630Expenses 2023: $2,760,556Net Income 2023: $43,0742023Revenue 2024: $3,389,941Expenses 2024: $3,580,489Net Income 2024: -$190,5482024

Highlighted filing

2016

Revenue$5,365,650
Expenses$4,825,736
Net Income$539,914
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 11, 2017
Return Version
2015v3.0
Gross Receipts
$5,365,650
Mission and Program Overview

Mission

Thunderbird preparatory academy, is a north carolina charter school that will cultivate a highly effective leadership environment that engages, embraces and enriches children's strengths, one child at a time. Thunderbird preparatory academy envisions that its leadership mission will be actively developed and fostered by those academic methods, experiences and resources that: discover the talents and strengths of each child for their daily benefit, full emotional development and life-long use, teach children, parents and teachers how to unleash their full potential, inspire children, parents and teachers to help others develop their talents and strengths through strengths discovery, engage children, parents and teachers in a leadership environment to encourage their involvement in school and community, embrace the development of hope, engagement and well-being within each student as important drivers of life success, enrich the role of parents and family in reaching the full potential o

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$431,777$582,162▲ $150,385
Land, Buildings, and Equipment, Net$19,822$46,058▲ $26,236
Total Assets$451,599$628,220▲ $176,621
Liabilities
Unsecured Notes Loans Payable$450,000$315,118▼ $134,882
Other Liabilities$227,287--
Total Liabilities$677,287$315,118▼ $362,169
Net Assets / Fund Balance
Unrestricted Net Assets$-225,688$313,102▲ $538,790
Total Net Assets Fund Balance$-225,688$313,102▲ $538,790
Total Liabilities and Net Assets / Fund Balance$451,599$628,220▲ $176,621
Compensation and Service Providers
Top Officer Pay24th percentile

Board Members and Trustees

NameTitle
Peter MojicaChair
Dan WardBoard Member
Heather WhiteBoard Member
Nancy BorrellBoard Secret
Susanna ParkerBoard Vice C
Melissa WiseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,144,892
Program Service Revenue
$220,758
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,293,401
Change in Net Assets
$539,914

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,365,650
Total Revenue per Audited Statements
$5,365,650
Total Revenue per Form 990
$5,365,650
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,825,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,773,454--$4,773,454
Interest$52,282--$52,282
Total Functional Expenses$4,825,736$0$0$4,825,736

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,826,860
Expenses per Audited Statements$4,825,736
Total Expenses per Form 990$4,825,736
Expenses Not Reported on Form 990$1,124
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Thunderbird Preparatory Academy Inc
EIN
46-5055270
Address
17609 OLD STATESVILLE ROAD, CORNELIUS, NC 28031

Signing Officer

Name
Melissa Wise
Title
Treasurer
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melissa Wise
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Ladd Mccall & Associates Cpas Pa
Address
PO BOX 527, HUNTERSVILLE, NC 28070
Preparer
Kandi a Ranson
Phone
7049920061
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Thunderbird preparatory academy, is a north carolina charter school that will cultivate a highly effective leadership environment that engages, embraces and enriches children's strengths, one child at a time. Thunderbird preparatory academy envisions that its leadership mission will be actively developed and fostered by those academic methods, experiences and resources that: discover the talents and strengths of each child for their daily benefit, full emotional development and life-long use, teach children, parents and teachers how to unleash their full potential, inspire children, parents and teachers to help others develop their talents and strengths through strengths discovery, engage children, parents and teachers in a leadership environment to encourage their involvement in school and community, embrace the development of hope, engagement and well-being within each student as important drivers of life success, enrich the role of parents and family in reaching the full potential of each child.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -1,124 total -1,124”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Book / tax depreciation difference 1,124”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THUNDERBIRD PREPARATORY ACADEMY, IS A NORTH CAROLINA CHARTER SCHOOL THAT WILL CULTIVATE A HIGHLY EFFECTIVE LEADERSHIP ENVIRONMENT THAT ENGAGES, EMBRACES AND ENRICHES CHILDREN'S STRENGTHS, ONE CHILD AT A TIME. THUNDERBIRD PREPARATORY ACADEMY ENVISIONS THAT ITS LEADERSHIP MISSION WILL BE ACTIVELY DEVELOPED AND FOSTERED BY THOSE ACADEMIC METHODS, EXPERIENCES AND RESOURCES THAT: DISCOVER THE TALENTS AND STRENGTHS OF EACH CHILD FOR THEIR DAILY BENEFIT, FULL EMOTIONAL DEVELOPMENT AND LIFE-LONG USE, TEACH CHILDREN, PARENTS AND TEACHERS HOW TO UNLEASH THEIR FULL POTENTIAL, INSPIRE CHILDREN, PARENTS AND TEACHERS TO HELP OTHERS DEVELOP THEIR TALENTS AND STRENGTHS THROUGH STRENGTHS DISCOVERY, ENGAGE CHILDREN, PARENTS AND TEACHERS IN A LEADERSHIP ENVIRONMENT TO ENCOURAGE THEIR INVOLVEMENT IN SCHOOL AND COMMUNITY, EMBRACE THE DEVELOPMENT OF HOPE, ENGAGEMENT AND WELL-BEING WITHIN EACH STUDENT AS IMPORTANT DRIVERS OF LIFE SUCCESS, ENRICH THE ROLE OF PARENTS AND FAMILY IN REACHING THE FULL POTENTIAL OF EACH CHILD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -1,124 TOTAL -1,124
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05144892
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04825736
IRS990/TotalFunctionalExpensesGrp/TotalAmt04825736
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0677287
IRS990/TotalLiabilitiesEOYAmt0315118
IRS990/TotalLiabilitiesGrp/BOYAmt0677287
IRS990/TotalLiabilitiesGrp/EOYAmt0315118
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-225688
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0313102
IRS990/TotalProgramServiceExpensesAmt04825736
IRS990/TotalProgramServiceRevenueAmt0220758
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0220758
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05365650
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0451599
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0628220
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-225688
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0313102
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0450000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0315118
IRS990/USAddress/AddressLine1Txt013353 OLD STATESVILLE ROAD
IRS990/USAddress/CityNm0HUNTERSVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028078
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.THUNDERBIRDPREP.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA WISE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THUNDERBIRD PREPARATORY ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0THUN
ReturnHeader/Filer/EIN0465055270
ReturnHeader/Filer/USAddress/AddressLine1Txt017609 OLD STATESVILLE ROAD
ReturnHeader/Filer/USAddress/CityNm0CORNELIUS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028031
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0562226954
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LADD MCCALL & ASSOCIATES CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 527
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HUNTERSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028070
ReturnHeader/PreparerPersonGrp/PhoneNum07049920061
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KANDI A RANSON
ReturnHeader/ReturnTs02017-05-11T16:24:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$628,220
Liabilities
$315,118
Net assets
$313,102
Revenue
$5,365,650
Expenses
$4,825,736
Net income
$539,914
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.09$0.68$3.39$3.58$0.19
2023Detailed filing. Detailed filing data is available for this year.$15.5$16.4$0.96$2.80$2.76$0.04
2022Detailed filing. Detailed filing data is available for this year.$15.9$16.6$0.66$2.69$3.57$0.88
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.30$0.22$2.68$2.20$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.59$0.25$1.61$1.51$0.11
2018Summary only. Only limited summary data is available for this year.$0.44$0.51$0.07$1.25$1.36$0.10
2017Summary only. Only limited summary data is available for this year.$0.58$0.55$0.03$1.61$1.89$0.28
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.32$0.31$5.37$4.83$0.54
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.68$0.23$4.59$4.82$0.23