Civic Intelligence

Brevard Academy Inc

990 • Fiscal year 2019 • EIN 56-2049981

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 03, 2020

Organization ProfileWWW.BREVARDACADEMY.ORG

View Organization Page

1110 Hendersonville HwyPisgah Forest, NC 28768

(828) 885-2665

Siviq Scores

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

Liabilities / Assets

98th percentile

2.33x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

1.62x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Net Margin

18th percentile

-7.1%

Higher net margin than 18% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

58th percentile

$85,577

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2019 filings • NTEE B • $1M-$5M nonprofits • Source year 2019

Asset Growth

50th percentile

4.9%

Faster asset growth than 50% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

61st percentile

8.9%

Faster revenue growth than 61% of similar nonprofits.

2019 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$2,832,788

Up $131,903 (+4.9%) from 2018

Net Assets

Down

-$3,771,681

Down $287,643 (-8.3%) from 2018

Liabilities

Up

$6,604,469

Up $419,546 (+6.8%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin18th percentile

Revenue

Up

$4,074,805

Up $332,137 (+8.9%) from 2018

Expenses

Up

$4,362,448

Up $581,647 (+15%) from 2018

Net Income

Down

-$287,643

Down $249,510 (-654%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2011: $447,408Liabilities 2011: $10,164Net Assets 2011: $437,2442011Assets 2012: $704,674Liabilities 2012: $87,229Net Assets 2012: $617,4452012Assets 2013: $827,211Liabilities 2013: $74,103Net Assets 2013: $753,1082013Assets 2014: $779,194Liabilities 2014: $33,062Net Assets 2014: $746,1322014Assets 2016: $1,257,341Liabilities 2016: $549,980Net Assets 2016: $707,3612016Assets 2017: $1,665,111Liabilities 2017: $1,131,999Net Assets 2017: $533,1122017Assets 2018: $2,700,885Liabilities 2018: $6,184,923Net Assets 2018: -$3,484,0382018Assets 2019: $2,832,788Liabilities 2019: $6,604,469Net Assets 2019: -$3,771,6812019Assets 2020: $9,507,742Liabilities 2020: $13,384,825Net Assets 2020: -$3,877,0832020Assets 2021: $10,360,292Liabilities 2021: $14,367,021Net Assets 2021: -$4,006,7292021Assets 2022: $10,106,287Liabilities 2022: $13,727,091Net Assets 2022: -$3,620,8042022Assets 2023: $10,894,648Liabilities 2023: $14,182,266Net Assets 2023: -$3,287,6182023Assets 2024: $10,338,905Liabilities 2024: $13,814,787Net Assets 2024: -$3,475,8822024Assets 2025: $10,518,636Liabilities 2025: $13,813,590Net Assets 2025: -$3,294,9542025

Highlighted filing

2019

Assets$2,832,788
Liabilities$6,604,469
Net Assets-$3,771,681
Open 2019 Filing

Operations Trend

Revenue Growth61st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,493,980Expenses 2011: $1,337,124Net Income 2011: $156,8562011Revenue 2012: $1,548,178Expenses 2012: $1,396,741Net Income 2012: $151,4372012Revenue 2013: $1,844,895Expenses 2013: $1,709,232Net Income 2013: $135,6632013Revenue 2014: $2,058,431Expenses 2014: $2,065,407Net Income 2014: -$6,9762014Revenue 2016: $2,690,859Expenses 2016: $2,577,181Net Income 2016: $113,6782016Revenue 2017: $3,007,113Expenses 2017: $3,181,283Net Income 2017: -$174,1702017Revenue 2018: $3,742,668Expenses 2018: $3,780,801Net Income 2018: -$38,1332018Revenue 2019: $4,074,805Expenses 2019: $4,362,448Net Income 2019: -$287,6432019Revenue 2020: $4,447,678Expenses 2020: $4,553,080Net Income 2020: -$105,4022020Revenue 2021: $4,663,677Expenses 2021: $4,793,323Net Income 2021: -$129,6462021Revenue 2022: $5,308,754Expenses 2022: $4,922,829Net Income 2022: $385,9252022Revenue 2023: $5,668,551Expenses 2023: $5,335,365Net Income 2023: $333,1862023Revenue 2024: $5,442,113Expenses 2024: $5,630,377Net Income 2024: -$188,2642024Revenue 2025: $6,082,116Expenses 2025: $5,901,188Net Income 2025: $180,9282025

Highlighted filing

2019

Revenue$4,074,805
Expenses$4,362,448
Net Income-$287,643
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 3, 2020
Return Version
2018v3.2
Gross Receipts
$4,074,805
Mission and Program Overview

Mission

Operation of a north carolina public charter school

Operation of a nc public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$877,329$776,201▼ $101,128
Land, Buildings, and Equipment, Net$332,286$287,685▼ $44,601
Savings and Temporary Cash Investments-$50,000-
Prepaid Expenses and Deferred Charges$21,452$12,916▼ $8,536
Accounts Receivable$6,865$8,869▲ $2,004
Total Assets$2,700,885$2,832,788▲ $131,903
Other Assets Total$1,462,953$1,697,117▲ $234,164
Liabilities
Other Liabilities$6,159,559$6,604,469▲ $444,910
Accounts Payable and Accrued Expenses$25,364--
Total Liabilities$6,184,923$6,604,469▲ $419,546
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,041$53,824▲ $46,783
Unrestricted Net Assets$-3,491,079$-3,825,505▼ $334,426
Total Net Assets Fund Balance$-3,484,038$-3,771,681▼ $287,643
Total Liabilities and Net Assets / Fund Balance$2,700,885$2,832,788▲ $131,903

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,188$397,400$495,588
Leasehold Improvements$189,497$233,155$422,652
Other Assets Org$3,824--
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard DuncanDirector ofFT$85,577$85,577

Board Members and Trustees

NameTitle
Adrienne CasteenBoard Chair
Nick IosueVice Chair/t
Amy HertzDirector
Coty FergusonDirector
Jim BishopDirector
Lee BurgessDirector
Mark CampaniniDirector
Julie GastonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$207,881
Program Service Revenue
$3,816,732
Investment Income
$1,750
Other Revenue
$48,442
All Other Contributions
$59,099
Change in Net Assets
$-287,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,074,805
Total Revenue per Audited Statements
$4,074,805
Total Revenue per Form 990
$4,074,805
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,020,940
Other Expenses$1,341,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,785,046$176,543-$1,961,589
Occupancy$459,335$100,733-$560,068
Other Employee Benefits$409,447$42,981-$452,428
Pension Plan Contributions$322,861$33,892-$356,753
Fees for Services Other$138,120$178,734-$316,854
Payroll Taxes$144,125$15,129-$159,254
Current Officers, Directors, Trustees, and Key Employees$72,733$18,183-$90,916
Office Expenses$14,950$57,554-$72,504
Depreciation Depletion$38,512$12,838-$51,350
Insurance-$47,932-$47,932
All Other Expenses$31,460$12,894-$44,354
Information Technology$21,775$11,725-$33,500
Other Expenses$19,319$14,488-$19,319
Travel$7,146$11,810-$18,956
Conferences and Meetings$9,656$5,200-$14,856
Fees for Services Accounting-$13,752-$13,752
Advertising-$12,405-$12,405
Fees for Services Legal-$6,815-$6,815
Total Functional Expenses$3,588,840$773,608$0$4,362,448

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,362,448
Total Expenses per Audited Statements$4,362,448
Total Expenses per Form 990$4,362,448
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,050
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraisers$32,050$32,050-$32,050
Total Events$32,050$32,050-$32,050
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Opeb Liability$3,470,685
Deferred Inflows (pension)$1,743,442
Pension Liability$1,368,962
Opeb Deferrals$21,380
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 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 the board's finance commmittee and provided to board members prior to filing.”

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

“Board members sign a conflict of interest statement each year & recuse themselves from voting on any issue that could be viewed as a conflict of interest.”

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

“The board of directors reviews and approves compensation for the top management official. Compensation is based on state of north carolina pay scale.”

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

“The board of directors reviews and approves all compensation. Compensation based on state pay scale.”

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
Brevard Academy Inc
EIN
56-2049981
Phone
8288852665
Address
1110 HENDERSONVILLE HWY, PISGAH FOREST, NC 28768

Signing Officer

Name
Richard Duncan
Title
Director of School
Phone
9194791442
Signed
2020-02-03

Organization Details

Principal Officer
Adrienne Casteen
Formed
1997
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
91
Volunteers
11

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/TotalAmt221436
IRS990/OtherExpensesGrp/TotalAmt319319
IRS990/OtherLiabilitiesGrp/BOYAmt06159559
IRS990/OtherLiabilitiesGrp/EOYAmt06604469
IRS990/OtherRevenueMiscGrp/Desc0SALES & FUEL TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08700
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17692
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17692
IRS990/OtherRevenueTotalAmt016392
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0176543
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01785046
IRS990/OtherSalariesAndWagesGrp/TotalAmt01961589
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015129
IRS990/PayrollTaxesGrp/ProgramServicesAmt0144125
IRS990/PayrollTaxesGrp/TotalAmt0159254
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt033892
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0322861
IRS990/PensionPlanContributionsGrp/TotalAmt0356753
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021452
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012916
IRS990/PrincipalOfficerNm0ADRIENNE CASTEEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/Desc4BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02548557
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11164588
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt266660
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327016
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt49911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02548557
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11164588
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt266660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327016
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49911
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0187051
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01439
IRS990/PYOtherExpensesAmt0872657
IRS990/PYOtherRevenueAmt022794
IRS990/PYProgramServiceRevenueAmt03531384
IRS990/PYRevenuesLessExpensesAmt0-38133
IRS990/PYSalariesCompEmpBnftPaidAmt02908144
IRS990/PYTotalExpensesAmt03780801
IRS990/PYTotalRevenueAmt03742668
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-287643
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03816732
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050000
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/EquipmentGrp/BookValueAmt098188
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0397400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0495588
IRS990ScheduleD/ExpensesSubtotalAmt04362448
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0189497
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0233155
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0422652
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0835268
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1563616
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2193491
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3100918
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt43824
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2C/Y PENSION PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3C/Y OPEB PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DIPNC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03470685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11743442
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21368962
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt321380
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS (PENSION)
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPEB DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt04074805
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0287685
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01697117
IRS990ScheduleD/TotalExpensesPerForm990Amt04362448
IRS990ScheduleD/TotalLiabilityAmt06604469
IRS990ScheduleD/TotalRevenuePerForm990Amt04074805
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04074805
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04362448
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/ExplanationTxt0BREVARD ACADEMY IS A PUBLIC SCHOOL CHARTERED AND FUNDED BY THE STATE OF NORTH CAROLINA. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATORY 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/Event1Nm0FUNDRAISERS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt032050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt032050
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt032050
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990 IS REVIEWED BY THE BOARD'S FINANCE COMMMITTEE AND PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR & RECUSE THEMSELVES FROM VOTING ON ANY ISSUE THAT COULD BE VIEWED AS A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. COMPENSATION IS BASED ON STATE OF NORTH CAROLINA PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION. COMPENSATION BASED ON STATE PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07041
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt053824
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02700885
IRS990/TotalAssetsEOYAmt02832788
IRS990/TotalAssetsGrp/BOYAmt02700885
IRS990/TotalAssetsGrp/EOYAmt02832788
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207881
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,832,788
Liabilities
$6,604,469
Net assets
-$3,771,681
Revenue
$4,074,805
Expenses
$4,362,448
Net income
-$287,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.5$13.8$3.29$6.08$5.90$0.18
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$13.8$3.48$5.44$5.63$0.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$14.2$3.29$5.67$5.34$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$13.7$3.62$5.31$4.92$0.39
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$14.4$4.01$4.66$4.79$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$13.4$3.88$4.45$4.55$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.83$6.60$3.77$4.07$4.36$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$6.18$3.48$3.74$3.78$0.04
2017Summary only. Only limited summary data is available for this year.$1.67$1.13$0.53$3.01$3.18$0.17
2016Summary only. Only limited summary data is available for this year.$1.26$0.55$0.71$2.69$2.58$0.11
2014Summary only. Only limited summary data is available for this year.$0.78$0.03$0.75$2.06$2.07$0.01
2013Summary only. Only limited summary data is available for this year.$0.83$0.07$0.75$1.84$1.71$0.14
2012Summary only. Only limited summary data is available for this year.$0.70$0.09$0.62$1.55$1.40$0.15
2011Summary only. Only limited summary data is available for this year.$0.45$0.01$0.44$1.49$1.34$0.16