Civic Intelligence

Triangle Education Organization

990 • Fiscal year 2022 • EIN 47-5478684

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization ProfileWWW.PSPA.TEAMCFA.SCHOOL
220 Rosewood Centre DriveHolly Springs, NC 27540

(919) 439-9448

Siviq Scores

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

Liabilities / Assets

88th percentile

0.93x

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

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

85th percentile

3.17x

Higher debt load relative to revenue than 85% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Net Margin

42nd percentile

5.0%

Higher net margin than 42% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$94,834

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • NTEE B • $25M-$50M nonprofits • Source year 2022

Asset Growth

53rd percentile

1.8%

Faster asset growth than 53% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

78th percentile

35%

Faster revenue growth than 78% of similar nonprofits.

2022 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$38,991,074

Up $691,955 (+1.8%) from 2021

Net Assets

Up

$2,720,191

Up $568,478 (+26%) from 2021

Liabilities

Up

$36,270,883

Up $123,477 (+0.3%) from 2021

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin42nd percentile

Revenue

Up

$11,437,237

Up $2,982,523 (+35%) from 2021

Expenses

Up

$10,868,759

Up $2,323,639 (+27%) from 2021

Net Income

Up

$568,478

Up $658,884 (+729%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

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

$60M$40M$20M$0Assets 2017: $56,994Liabilities 2017: $81,2502017Assets 2018: $12,931,194Liabilities 2018: $11,637,470Net Assets 2018: $1,293,7242018Assets 2019: $13,314,923Liabilities 2019: $11,136,924Net Assets 2019: $2,177,9992019Assets 2020: $18,627,585Liabilities 2020: $16,385,466Net Assets 2020: $2,242,1192020Assets 2021: $38,299,119Liabilities 2021: $36,147,406Net Assets 2021: $2,151,7132021Assets 2022: $38,991,074Liabilities 2022: $36,270,883Net Assets 2022: $2,720,1912022Assets 2023: $39,644,521Liabilities 2023: $36,623,658Net Assets 2023: $3,020,8632023Assets 2024: $45,976,380Liabilities 2024: $42,768,448Net Assets 2024: $3,207,9322024Assets 2025: $54,623,831Liabilities 2025: $49,966,793Net Assets 2025: $4,657,0382025

Highlighted filing

2022

Assets$38,991,074
Liabilities$36,270,883
Net Assets$2,720,191
Open 2022 Filing

Operations Trend

Revenue Growth78th percentile

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

$40M$30M$20M$10M$0-$10MRevenue 2017: $33,097Expenses 2017: $57,353Net Income 2017: -$24,2562017Revenue 2018: $4,065,391Expenses 2018: $2,747,411Net Income 2018: $1,317,9802018Revenue 2019: $5,239,920Expenses 2019: $4,355,645Net Income 2019: $884,2752019Revenue 2020: $7,017,655Expenses 2020: $6,953,535Net Income 2020: $64,1202020Revenue 2021: $8,454,714Expenses 2021: $8,545,120Net Income 2021: -$90,4062021Revenue 2022: $11,437,237Expenses 2022: $10,868,759Net Income 2022: $568,4782022Revenue 2023: $13,233,511Expenses 2023: $12,932,839Net Income 2023: $300,6722023Revenue 2024: $14,522,304Expenses 2024: $14,335,235Net Income 2024: $187,0692024Revenue 2025: $38,298,703Expenses 2025: $36,849,597Net Income 2025: $1,449,1062025

Highlighted filing

2022

Revenue$11,437,237
Expenses$10,868,759
Net Income$568,478
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.0
Gross Receipts
$11,437,237
Mission and Program Overview

Mission

Operate a Public Charter School.

Operation of a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,140,278$16,822,597▼ $317,681
Savings and Temporary Cash Investments$2,006,526$3,006,735▲ $1,000,209
Cash and Non-Interest-Bearing Accounts$10,702,779$1,709,661▼ $8,993,118
Prepaid Expenses and Deferred Charges$393,706$372,114▼ $21,592
Accounts Receivable$51,241$80,756▲ $29,515
Total Assets$38,299,119$38,991,074▲ $691,955
Other Assets Total$8,004,589$16,999,211▲ $8,994,622
Liabilities
Tax Exempt Bond Liabilities$35,539,500$35,649,390▲ $109,890
Mortgage Notes Payable Secured by Investment Property$552,195$510,000▼ $42,195
Accounts Payable and Accrued Expenses$55,711$111,493▲ $55,782
Total Liabilities$36,147,406$36,270,883▲ $123,477
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,151,713$2,720,191▲ $568,478
Total Net Assets Fund Balance$2,151,713$2,720,191▲ $568,478
Total Liabilities and Net Assets / Fund Balance$38,299,119$38,991,074▲ $691,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,851,483$1,094,177$15,945,660
Land$1,750,000-$1,750,000
Equipment$221,114$75,335$296,449
Other Assets Org$7,652--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie NeedhamPrincipalFT$94,834$94,834

Board Members and Trustees

NameTitle
Shea MaliszewskiBoard Chair
Craig TuckerVice Chair
Julia MccombsDirector
Katie WallsDirector
Kristen StockingDirector
Priscilla MaynorDirector
Sean ColemanSecretary
Gregg SindersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$576,912
Program Service Revenue
$10,278,374
Investment Income
$678
Other Revenue
$581,273
All Other Contributions
$5,112
Change in Net Assets
$568,478

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,437,237
Total Revenue per Audited Statements
$11,437,237
Total Revenue per Form 990
$11,437,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,442,834
Salaries, Compensation, and Employee Benefits$5,425,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,813,000$577,697-$4,390,697
Interest$1,770,881$590,294-$2,361,175
Fees for Services Other$792,653$277,234-$1,069,887
Depreciation Depletion$469,954$138,600-$608,554
Other Employee Benefits$441,737$77,954-$519,691
Payroll Taxes$288,414$50,897-$339,311
Information Technology$233,621$41,227-$274,848
Occupancy$226,395$39,951-$266,346
Office Expenses$45,354$69,286-$114,640
Current Officers, Directors, Trustees, and Key Employees-$94,834-$94,834
Fees for Services Legal-$94,612-$94,612
Pension Plan Contributions$69,183$12,209-$81,392
Insurance-$61,330-$61,330
Advertising$42,277$7,461-$49,738
All Other Expenses-$32,144-$32,144
Other Expenses$31,356$83,399-$31,356
Travel$26,278$4,637-$30,915
Conferences and Meetings$19,349$3,415-$22,764
Fees for Services Accounting-$8,250-$8,250
Total Functional Expenses$8,541,033$2,327,726$0$10,868,759

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,868,759
Total Expenses per Audited Statements$10,868,759
Total Expenses per Form 990$10,868,759
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$94,092
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$94,092$94,092-$94,092
Total Events$94,092$94,092-$94,092
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ABond 2020a2020-08-27$35,539,500Refinance existing debt and purchase & construction of school facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$35,539,500$15,742,413-$710,792

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
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
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
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
No

Governance Explanations

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

“990 is reviewed by board chair and finance committee. Provided to board prior to filing.”

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

“Board reviews and resolves any potential conflicts of interest.”

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

“Top management official's compensation is approved by the board and is based on comparability data and performance.”

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

“Officers are not compensated. Key employee salaries are based on comparibility data and are approved by the board.”

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Triangle Education Foundation
EIN
47-5478684
Phone
9194399448
Address
220 ROSEWOOD CENTRE DRIVE, HOLLY SPRINGS, NC 27540
Doing Business As
Pine Springs Preparatory Academy

Signing Officer

Name
Shea Maliszewski
Title
Board Chair
Phone
9194399448
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shea Maliszewski
Formed
2016
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
97
Volunteers
8

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
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IRS990/OtherExpensesGrp/ProgramServicesAmt231356
IRS990/OtherExpensesGrp/TotalAmt0247268
IRS990/OtherExpensesGrp/TotalAmt185608
IRS990/OtherExpensesGrp/TotalAmt283399
IRS990/OtherExpensesGrp/TotalAmt331356
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0281726
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1105735
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt299720
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0281726
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1105735
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt299720
IRS990/OtherRevenueTotalAmt0487181
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0577697
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03813000
IRS990/OtherSalariesAndWagesGrp/TotalAmt04390697
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050897
IRS990/PayrollTaxesGrp/ProgramServicesAmt0288414
IRS990/PayrollTaxesGrp/TotalAmt0339311
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012209
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt069183
IRS990/PensionPlanContributionsGrp/TotalAmt081392
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0393706
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0372114
IRS990/PrincipalOfficerNm0SHEA MALISZEWSKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL OF SCHOOL PROPERTY
IRS990/ProgramServiceRevenueGrp/ExclusionAmt015600
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06851290
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13348732
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt262752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06851290
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13348732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt262752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315600
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0799345
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-8992
IRS990/PYOtherExpensesAmt04658236
IRS990/PYOtherRevenueAmt0140595
IRS990/PYProgramServiceRevenueAmt07523766
IRS990/PYRevenuesLessExpensesAmt0-90406
IRS990/PYSalariesCompEmpBnftPaidAmt03886884
IRS990/PYTotalExpensesAmt08545120
IRS990/PYTotalRevenueAmt08454714
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0568478
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010278374
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02006526
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03006735
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt014851483
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01094177
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015945660
IRS990ScheduleD/EquipmentGrp/BookValueAmt0221114
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075335
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0296449
IRS990ScheduleD/ExpensesSubtotalAmt010868759
IRS990ScheduleD/LandGrp/BookValueAmt01750000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01750000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016991559
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17652
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt011437237
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016822597
IRS990ScheduleD/TotalBookValueOtherAssetsAmt016999211
IRS990ScheduleD/TotalExpensesPerForm990Amt010868759
IRS990ScheduleD/TotalRevenuePerForm990Amt011437237
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011437237
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010868759
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/ExplanationTxt0PINE SPRINGS PREPARATORY ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt16A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt094092
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt094092
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt094092
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt094092
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt094092
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0BOND 2020A REFINANCE EXISTING DEBT AND PURCHASE & CONSTRUCTION OF SCHOOL FACILITIES
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-08-27
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0273866124
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum074442EFK1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt035539500
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0BOND 2020A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFINANCE EXISTING DEBT AND PURCHASE & CONSTRUCTION OF SCHOOL FACILITIES
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0true
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt018386941
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0276953

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,991,074
Liabilities
$36,270,883
Net assets
$2,720,191
Revenue
$11,437,237
Expenses
$10,868,759
Net income
$568,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$54.6$50.0$4.66$38.3$36.8$1.45
2024Detailed filing. Detailed filing data is available for this year.$46.0$42.8$3.21$14.5$14.3$0.19
2023Detailed filing. Detailed filing data is available for this year.$39.6$36.6$3.02$13.2$12.9$0.30
2022Detailed filing. Detailed filing data is available for this year.$39.0$36.3$2.72$11.4$10.9$0.57
2021Detailed filing. Detailed filing data is available for this year.$38.3$36.1$2.15$8.45$8.55$0.09
2020Detailed filing. Detailed filing data is available for this year.$18.6$16.4$2.24$7.02$6.95$0.06
2019Summary only. Only limited summary data is available for this year.$13.3$11.1$2.18$5.24$4.36$0.88
2018Summary only. Only limited summary data is available for this year.$12.9$11.6$1.29$4.07$2.75$1.32
2017Summary only. Only limited summary data is available for this year.$0.06$0.08$0.03$0.06$0.02