Civic Intelligence

Morganton Day School Inc.

990 • Fiscal year 2015 • EIN 56-1226558

Aug 01, 2014 to Jul 31, 2015 • Filed on Feb 06, 2016

305 West Concord StreetMorganton, NC 28655

(828) 437-6782

Siviq Scores

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

Liabilities / Assets

95th percentile

1.22x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

0.72x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

57th percentile

5.7%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

84th percentile

$84,802

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

82nd percentile

25%

Faster asset growth than 82% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

53rd percentile

4.8%

Faster revenue growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$558,396

Up $113,000 (+25%) from 2014

Net Assets

Up

-$122,405

Up $54,110 (+31%) from 2014

Liabilities

Up

$680,801

Up $58,890 (+9.5%) from 2014

Revenue

Up

$946,508

Up $43,123 (+4.8%) from 2014

Expenses

Up

$892,399

Up $11,495 (+1.3%) from 2014

Net Income

Up

$54,109

Up $31,628 (+141%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $386,281Liabilities 2011: $656,878Net Assets 2011: -$270,5972011Assets 2012: $361,878Liabilities 2012: $588,234Net Assets 2012: -$226,3562012Assets 2013: $385,435Liabilities 2013: $584,431Net Assets 2013: -$198,9962013Assets 2014: $445,396Liabilities 2014: $621,911Net Assets 2014: -$176,5152014Assets 2015: $558,396Liabilities 2015: $680,801Net Assets 2015: -$122,4052015Assets 2016: $546,351Liabilities 2016: $621,052Net Assets 2016: -$74,7012016Assets 2017: $645,776Liabilities 2017: $630,156Net Assets 2017: $15,6202017Assets 2018: $660,283Liabilities 2018: $559,048Net Assets 2018: $101,2352018Assets 2019: $844,069Liabilities 2019: $576,530Net Assets 2019: $267,5392019Assets 2020: $1,314,615Liabilities 2020: $962,933Net Assets 2020: $351,6822020Assets 2021: $1,422,431Liabilities 2021: $874,030Net Assets 2021: $548,4012021Assets 2022: $1,648,868Liabilities 2022: $793,923Net Assets 2022: $854,9452022Assets 2023: $1,464,157Liabilities 2023: $453,392Net Assets 2023: $1,010,7652023Assets 2024: $1,548,254Liabilities 2024: $458,692Net Assets 2024: $1,089,5622024Assets 2025: $1,587,175Liabilities 2025: $431,494Net Assets 2025: $1,155,6812025

Highlighted filing

2015

Assets$558,396
Liabilities$680,801
Net Assets-$122,405

Operations Trend

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

$1.5M$1.0M$500K$0Expenses 2011: $918,8502011Expenses 2012: $837,1442012Expenses 2013: $848,2272013Revenue 2014: $903,385Expenses 2014: $880,904Net Income 2014: $22,4812014Revenue 2015: $946,508Expenses 2015: $892,399Net Income 2015: $54,1092015Revenue 2016: $989,510Expenses 2016: $940,109Net Income 2016: $49,4012016Revenue 2017: $1,057,105Expenses 2017: $966,784Net Income 2017: $90,3212017Revenue 2018: $1,155,471Expenses 2018: $1,069,853Net Income 2018: $85,6182018Revenue 2019: $1,254,944Expenses 2019: $1,088,640Net Income 2019: $166,3042019Revenue 2020: $1,089,166Expenses 2020: $1,005,023Net Income 2020: $84,1432020Revenue 2021: $1,164,715Expenses 2021: $967,996Net Income 2021: $196,7192021Revenue 2022: $1,316,947Expenses 2022: $1,089,306Net Income 2022: $227,6412022Revenue 2023: $1,331,663Expenses 2023: $1,175,843Net Income 2023: $155,8202023Revenue 2024: $1,244,203Expenses 2024: $1,165,406Net Income 2024: $78,7972024Revenue 2025: $1,267,694Expenses 2025: $1,201,575Net Income 2025: $66,1192025

Highlighted filing

2015

Revenue$946,508
Expenses$892,399
Net Income$54,109
Jump To
Filing Snapshot
Filing Period
Aug 1, 2014 to Jul 31, 2015
Signed
Feb 6, 2016
Return Version
2014v6.0
Gross Receipts
$973,215
Mission and Program Overview

Mission

The school is dedicated to a philosophy of experiential education, parental involvement and a concern for the uniqueness of the individual as a member of a global community.

Education for children kindergarten through 8th grade

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$373,431$356,364▼ $17,067
Savings and Temporary Cash Investments-$180,020-
Cash and Non-Interest-Bearing Accounts$70,065$15,344▼ $54,721
Accounts Receivable$1,900$6,668▲ $4,768
Total Assets$445,396$558,396▲ $113,000
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$296,433$350,900▲ $54,467
Mortgage Notes Payable Secured by Investment Property$324,494$318,770▼ $5,724
Accounts Payable and Accrued Expenses$984$11,131▲ $10,147
Total Liabilities$621,911$680,801▲ $58,890
Net Assets / Fund Balance
Unrestricted Net Assets$-176,515$-122,405▲ $54,110
Total Net Assets Fund Balance$-176,515$-122,405▲ $54,110
Total Liabilities and Net Assets / Fund Balance$445,396$558,396▲ $113,000

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$224,991$499,943$724,934
Equipment$21,159$138,650$159,809
Land$110,214-$110,214
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Melanie MikusaHead of SchoolFT$73,167$11,635$84,802

Board Members and Trustees

NameTitle
David PopeChairman
Marsha CarverVice Chairman
Brad HefnerBoard Member
David BennettBoard Member
Dr Eric BreiterBoard Member
Georgia CollettBoard Member
Heidi GouldBoard Member
Jennifer DeaconBoard Member
Jonathan ShoresBoard Member
Josh RheinboltBoard Member
Mark RostanBoard Member
Tony FrascaBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$99,255
Program Service Revenue
$780,799
Investment Income
$892
Other Revenue
$65,562
All Other Contributions
$74,315
Change in Net Assets
$54,109
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$621,779
Other Expenses$270,620
Total Fundraising Expense$9,474
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$427,468$36,500-$463,968
Current Officers, Directors, Trustees, and Key Employees$8,133$65,061$8,133$81,327
Payroll Taxes$54,086$7,076$536$61,698
Occupancy$58,858$863-$59,721
Depreciation Depletion$26,075$382-$26,457
All Other Expenses$20,829$1,306$24$22,159
Fees for Services Other$18,830--$18,830
Interest-$16,230-$16,230
Other Employee Benefits$9,647$5,139-$14,786
Insurance$13,291$195-$13,486
Office Expenses$5,113$7,530$225$12,868
Other Expenses$10,199--$10,199
Advertising-$5,607-$5,607
Information Technology-$192$556$748
Fees for Services Legal-$388-$388
Total Functional Expenses$736,456$146,469$9,474$892,399
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$78,374
Fundraising Direct Expenses$26,707
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner & Auction$89,977$67,974$13,075$54,899
Total Events$100,377$78,374$26,707$51,667
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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, Part VI, Section B, Line 11

Approved for filing by board

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

The executive committe of the board evaluates and approves the salary of the director annually.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Morganton Day School Inc
EIN
56-1226558
Phone
8284376782
Address
305 WEST CONCORD STREET, MORGANTON, NC 28655

Signing Officer

Name
Marsha Carver
Title
Vice President
Phone
8284376782
Signed
2016-02-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marsha Carver
Formed
1977
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
35
Volunteers
35

Preparer

Firm
Smith Miller & Buff CPA Pa
Address
PO BOX 1489, MORGANTON, NC 28680-1489
Preparer
Lisa P Buff CPA Cdfa
Phone
8284378060
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt014786
IRS990/OtherExpensesGrp/Desc0FIELD TRIPS
IRS990/OtherExpensesGrp/Desc1CURRICULUM MATERIALS
IRS990/OtherExpensesGrp/Desc2FOOD COSTS
IRS990/OtherExpensesGrp/Desc3PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/ProgramServicesAmt041895
IRS990/OtherExpensesGrp/ProgramServicesAmt124255
IRS990/OtherExpensesGrp/ProgramServicesAmt217777
IRS990/OtherExpensesGrp/ProgramServicesAmt310199
IRS990/OtherExpensesGrp/TotalAmt041895
IRS990/OtherExpensesGrp/TotalAmt124255
IRS990/OtherExpensesGrp/TotalAmt217777
IRS990/OtherExpensesGrp/TotalAmt310199
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/BusinessCd1611710
IRS990/OtherRevenueMiscGrp/BusinessCd2611710
IRS990/OtherRevenueMiscGrp/Desc0MISC INC:MDS STORE INC
IRS990/OtherRevenueMiscGrp/Desc1MISC INC:PARENT ACTION
IRS990/OtherRevenueMiscGrp/Desc2SALES TAX REFUND (EXPE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02222
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12037
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21951
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02222
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12037
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21951
IRS990/OtherRevenueTotalAmt013895
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt036500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0427468
IRS990/OtherSalariesAndWagesGrp/TotalAmt0463968
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0536
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07076
IRS990/PayrollTaxesGrp/ProgramServicesAmt054086
IRS990/PayrollTaxesGrp/TotalAmt061698
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARSHA CARVER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1ACTIVITY FEES
IRS990/ProgramServiceRevenueGrp/Desc2LUNCH
IRS990/ProgramServiceRevenueGrp/Desc3AFTERSCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0687058
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt157076
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt220516
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt316149
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0687058
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt220516
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt316149
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt091708
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0664
IRS990/PYOtherExpensesAmt0266190
IRS990/PYOtherRevenueAmt062833
IRS990/PYProgramServiceRevenueAmt0748180
IRS990/PYRevenuesLessExpensesAmt022481
IRS990/PYSalariesCompEmpBnftPaidAmt0614714
IRS990/PYTotalExpensesAmt0880904
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0903385
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt054109
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0794694
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0180020
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0224991
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0499943
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0724934
IRS990ScheduleD/EquipmentGrp/BookValueAmt021159
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0138650
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0159809
IRS990ScheduleD/LandGrp/BookValueAmt0110214
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110214
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0356364
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0ON WEBSITE
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1TITLE II GRANT FROM BURKE COUNTY
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1LINE 6A
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt022003
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt022003
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt026707
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNER & AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07729
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07729
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt089977
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt010400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0100377
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt067974
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt010400
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt078374
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt051667
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt04061
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017136
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt013075
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01842
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01842
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0APPROVED FOR FILING BY BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTE OF THE BOARD EVALUATES AND APPROVES THE SALARY OF THE DIRECTOR ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.59$0.43$1.16$1.27$1.20$0.07
2024Detailed filing. Detailed filing data is available for this year.$1.55$0.46$1.09$1.24$1.17$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.45$1.01$1.33$1.18$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.79$0.85$1.32$1.09$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.87$0.55$1.16$0.97$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.96$0.35$1.09$1.01$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.58$0.27$1.25$1.09$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.66$0.56$0.10$1.16$1.07$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.65$0.63$0.02$1.06$0.97$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.62$0.07$0.99$0.94$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.68$0.12$0.95$0.89$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.62$0.18$0.90$0.88$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.58$0.20$0.85
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.59$0.23$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.66$0.27$0.92