Civic Intelligence

Movement Charter School

990 • Fiscal year 2023 • EIN 47-5153366

Jul 01, 2022 to Jun 30, 2023 • Filed on May 02, 2024

Organization Profilewww.movementschool.com

View Organization Page

2701-C Freedom DriveCharlotte, NC 28208

(704) 585-1356

Siviq Scores

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

Liabilities / Assets

87th percentile

1.06x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

1.86x

Higher debt load relative to revenue than 69% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Net Margin

8th percentile

-19%

Higher net margin than 8% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

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.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Asset Growth

71st percentile

34%

Faster asset growth than 71% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

46th percentile

4.8%

Faster revenue growth than 46% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$24,335,283

Up $6,217,363 (+34%) from 2022

Net Assets

Down

-$1,449,543

Down $2,605,897 (-225%) from 2022

Liabilities

Up

$25,784,826

Up $8,823,260 (+52%) from 2022

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin8th percentile

Revenue

Up

$13,879,796

Up $632,034 (+4.8%) from 2022

Expenses

Up

$16,485,693

Up $3,219,854 (+24%) from 2022

Net Income

Down

-$2,605,897

Down $2,587,820 (-14316%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$30M$20M$10M$0-$10MAssets 2018: $309,228Liabilities 2018: $172,659Net Assets 2018: $136,5692018Assets 2019: $567,707Liabilities 2019: $184,351Net Assets 2019: $383,3562019Assets 2020: $780,590Liabilities 2020: $148,316Net Assets 2020: $632,2742020Assets 2021: $1,599,462Liabilities 2021: $425,031Net Assets 2021: $1,174,4312021Assets 2022: $18,117,920Liabilities 2022: $16,961,566Net Assets 2022: $1,156,3542022Assets 2023: $24,335,283Liabilities 2023: $25,784,826Net Assets 2023: -$1,449,5432023

Highlighted filing

2023

Assets$24,335,283
Liabilities$25,784,826
Net Assets-$1,449,543
Open 2023 Filing

Operations Trend

Revenue Growth46th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2018: $3,491,316Expenses 2018: $3,354,747Net Income 2018: $136,5692018Revenue 2019: $4,440,784Expenses 2019: $4,193,997Net Income 2019: $246,7872019Revenue 2020: $5,029,587Expenses 2020: $4,780,669Net Income 2020: $248,9182020Revenue 2021: $8,873,887Expenses 2021: $8,355,277Net Income 2021: $518,6102021Revenue 2022: $13,247,762Expenses 2022: $13,265,839Net Income 2022: -$18,0772022Revenue 2023: $13,879,796Expenses 2023: $16,485,693Net Income 2023: -$2,605,8972023

Highlighted filing

2023

Revenue$13,879,796
Expenses$16,485,693
Net Income-$2,605,897
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 2, 2024
Return Version
2022v5.0
Gross Receipts
$13,879,796
Mission and Program Overview

Mission

Operate a public charter school pursuant to GS 115C-238.29A

Operate public charter schools pursuant to GS 115C-238.29A

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$15,641,592$22,546,647▲ $6,905,055
Cash and Non-Interest-Bearing Accounts$1,498,368$1,416,186▼ $82,182
Accounts Receivable$824,771$171,154▼ $653,617
Land, Buildings, and Equipment, Net$115,087$114,557▼ $530
Prepaid Expenses and Deferred Charges$38,102$86,739▲ $48,637
Total Assets$18,117,920$24,335,283▲ $6,217,363
Liabilities
Other Liabilities-$24,347,295-
Mortgage Notes Payable Secured by Investment Property$16,453,562$950,000▼ $15,503,562
Accounts Payable and Accrued Expenses$508,004$487,531▼ $20,473
Total Liabilities$16,961,566$25,784,826▲ $8,823,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,156,354$-1,449,543▼ $2,605,897
Total Net Assets Fund Balance$1,156,354$-1,449,543▼ $2,605,897
Total Liabilities and Net Assets / Fund Balance$18,117,920$24,335,283▲ $6,217,363

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$114,557$57,426$171,983
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Tim HurleyChair
Michelle CrawfordVice Chair
Jason TerrellBoard Member
Lorraine RoussellBoard Member
Michelle DonnellyBoard Member
Kerri-Ann ThomasMember Ex Officio
Garrett McNeillSecretary
Montel WatsonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Two Guys and a KitchenFood ServicesPO Box 33111, Charlotte, NC 28223$1,276,341
TKC Management ServicesProperty management4500 Cameron Valley Pkwy Suite 400, Charlotte, NC 28270$719,994
Eagle Bus ServiceStudent transportationPO Box 425, Newell, NC 28126$656,472
2527 Cleaning ServicesCleaning ServicesPO Box 16705, Charlotte, NC 28297$521,798
Christ Centered Community CounselingSchool counselors2225 Freedom Drive Suite 2, Charlotte, NC 28208$379,200
Revenue and Support

Revenue Composition

Contributions and Grants
$1,893,605
Program Service Revenue
$11,986,191
Investment Income
$0
Other Revenue
$0
All Other Contributions
$18,723
Change in Net Assets
$-2,605,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,879,796
Total Revenue per Audited Statements
$13,879,796
Total Revenue per Form 990
$13,879,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,298,126
Salaries, Compensation, and Employee Benefits$8,187,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,010,333$142,500-$7,152,833
Depreciation Depletion$34,011$1,211,317-$1,245,328
Other Expenses$575,777$177,634-$753,411
Occupancy$524,578$131,144-$655,722
Payroll Taxes$591,377$8,192-$599,569
Other Employee Benefits$351,659$4,972-$356,631
Interest-$125,044-$125,044
Pension Plan Contributions$75,940$2,594-$78,534
Insurance-$21,270-$21,270
Advertising-$18,707-$18,707
Fees for Services Accounting-$17,533-$17,533
Fees for Services Legal-$211-$211
Total Functional Expenses$13,451,842$3,033,851$0$16,485,693

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,485,693
Total Expenses per Audited Statements$16,485,693
Total Expenses per Form 990$16,485,693
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
Federal income taxes$24,347,295
Lease liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Part VI, Section B, Line 11B

“Form 990 is reviewed by the board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.”

Filing and Contact Details

Filer

Filer Name
Movement Charter School
EIN
47-5153366
In Care Of
% Tim Hurley
Phone
7045851356
Address
2701-C Freedom Drive, Charlotte, NC 28208

Signing Officer

Name
Tim Hurley
Title
Board Chair
Phone
7045851356
Signed
2024-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tim Hurley
Formed
2015
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
200
Volunteers
20

Preparer

Firm
Rebekah Barr CPA PC
Address
1520 Nash Street N, Wilson, NC 27893
Preparer
Rebekah T Barr
Phone
2522946920
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0142500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07010333
IRS990/OtherSalariesAndWagesGrp/TotalAmt07152833
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08192
IRS990/PayrollTaxesGrp/ProgramServicesAmt0591377
IRS990/PayrollTaxesGrp/TotalAmt0599569
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02594
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt075940
IRS990/PensionPlanContributionsGrp/TotalAmt078534
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038102
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt086739
IRS990/PrincipalOfficerNm0Tim Hurley
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State appropriations
IRS990/ProgramServiceRevenueGrp/Desc1County appropriations
IRS990/ProgramServiceRevenueGrp/Desc2School lunch charges
IRS990/ProgramServiceRevenueGrp/Desc3Other program revenues
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07968234
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13746947
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3269610
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt012430792
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt07147477
IRS990/PYOtherRevenueAmt069221
IRS990/PYProgramServiceRevenueAmt0747749
IRS990/PYRevenuesLessExpensesAmt0-18077
IRS990/PYSalariesCompEmpBnftPaidAmt06118362
IRS990/PYTotalExpensesAmt013265839
IRS990/PYTotalRevenueAmt013247762
IRS990/QuidProQuoContributionsInd0false
IRS990/QuidProQuoContriDisclInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-2605897
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0114557
IRS990ScheduleD/EquipmentGrp/DepreciationAmt057426
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171983
IRS990ScheduleD/ExpensesSubtotalAmt016485693
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024347295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt013879796
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114557
IRS990ScheduleD/TotalExpensesPerForm990Amt016485693
IRS990ScheduleD/TotalLiabilityAmt024347295
IRS990ScheduleD/TotalRevenuePerForm990Amt013879796
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013879796
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016485693
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 the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1At monthly board meetings the board discusses any potential conflicts of interest. If any member has a potential conflict that person does not participate in the decision-making process or vote on the matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, school policies, and financial statements are available for viewing by the public at the organizations office upon request.
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 C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018117920
IRS990/TotalAssetsEOYAmt024335283
IRS990/TotalAssetsGrp/BOYAmt018117920
IRS990/TotalAssetsGrp/EOYAmt024335283
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01893605
IRS990/TotalEmployeeCnt0200
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03033851
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013451842
IRS990/TotalFunctionalExpensesGrp/TotalAmt016485693
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016961566
IRS990/TotalLiabilitiesEOYAmt025784826
IRS990/TotalLiabilitiesGrp/BOYAmt016961566
IRS990/TotalLiabilitiesGrp/EOYAmt025784826
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01156354
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1449543
IRS990/TotalProgramServiceExpensesAmt013451842
IRS990/TotalProgramServiceRevenueAmt011986191
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt013879796
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018117920
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024335283
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02701-C Freedom Drive
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028208
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,335,283
Liabilities
$25,784,826
Net assets
-$1,449,543
Revenue
$13,879,796
Expenses
$16,485,693
Net income
-$2,605,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$24.3$25.8$1.45$13.9$16.5$2.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$17.0$1.16$13.2$13.3$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.43$1.17$8.87$8.36$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.15$0.63$5.03$4.78$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.18$0.38$4.44$4.19$0.25
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.17$0.14$3.49$3.35$0.14