Civic Intelligence

Brevard Academy Inc

990 • Fiscal year 2020 • EIN 56-2049981

Jul 01, 2019 to Jun 30, 2020 • Filed on May 06, 2021

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

94th percentile

1.41x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

3.01x

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

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Net Margin

27th percentile

-2.4%

Higher net margin than 27% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

32nd percentile

$83,874

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2020 filings • NTEE B • $5M-$10M nonprofits • Source year 2020

Asset Growth

96th percentile

236%

Faster asset growth than 96% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

9.2%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$9,507,742

Up $6,674,954 (+236%) from 2019

Net Assets

Down

-$3,877,083

Down $105,402 (-2.8%) from 2019

Liabilities

Up

$13,384,825

Up $6,780,356 (+103%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin27th percentile

Revenue

Up

$4,447,678

Up $372,873 (+9.2%) from 2019

Expenses

Up

$4,553,080

Up $190,632 (+4.4%) from 2019

Net Income

Up

-$105,402

Up $182,241 (+63%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2020

Assets$9,507,742
Liabilities$13,384,825
Net Assets-$3,877,083
Open 2020 Filing

Operations Trend

Revenue Growth67th 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

2020

Revenue$4,447,678
Expenses$4,553,080
Net Income-$105,402
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 6, 2021
Return Version
2019v5.0
Gross Receipts
$4,447,678
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
Land, Buildings, and Equipment, Net$287,685$984,395▲ $696,710
Cash and Non-Interest-Bearing Accounts$776,201$626,362▼ $149,839
Savings and Temporary Cash Investments$50,000$99,690▲ $49,690
Prepaid Expenses and Deferred Charges$12,916$57,336▲ $44,420
Accounts Receivable$8,869$7,506▼ $1,363
Total Assets$2,832,788$9,507,742▲ $6,674,954
Other Assets Total$1,697,117$7,732,453▲ $6,035,336
Liabilities
Mortgage Notes Payable Secured by Investment Property-$7,000,000-
Other Liabilities$6,604,469$6,383,720▼ $220,749
Accounts Payable and Accrued Expenses-$1,105-
Total Liabilities$6,604,469$13,384,825▲ $6,780,356
Net Assets / Fund Balance
Net Assets With Donor Restrictions$53,824--
Net Assets Without Donor Restrictions$-3,825,505$-3,877,083▼ $51,578
Total Net Assets Fund Balance$-3,771,681$-3,877,083▼ $105,402
Total Liabilities and Net Assets / Fund Balance$2,832,788$9,507,742▲ $6,674,954

Asset Categories

AssetBook ValueDepreciationBasis
Land$700,000-$700,000
Equipment$106,026$419,562$525,588
Leasehold Improvements$178,369$250,033$428,402
Other Assets Org$4,375--
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard DuncanDirector ofFT$83,874$83,874

Board Members and Trustees

NameTitle
Adrienne CasteenBoard Chair
Mark CampaniniVice Chair
Jim BishopDirector
Julie GastonDirector
Myranda NashDirector
Amy HertzSecretary
Lee BurgessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,105
Program Service Revenue
$4,201,495
Investment Income
$838
Other Revenue
$82,240
All Other Contributions
$25,018
Change in Net Assets
$-105,402

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,447,678
Total Revenue per Audited Statements
$4,447,678
Total Revenue per Form 990
$4,447,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,087,547
Other Expenses$1,465,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,770,830$352,114-$2,122,944
Occupancy$515,123$112,589-$627,712
Pension Plan Contributions$300,406$75,101-$375,507
Other Employee Benefits$264,244$66,061-$330,305
Fees for Services Other$124,041$175,002-$299,043
Payroll Taxes$133,544$31,899-$165,443
Current Officers, Directors, Trustees, and Key Employees-$93,348-$93,348
Information Technology$57,240$26,779-$84,019
Office Expenses$18,387$57,866-$76,253
All Other Expenses$34,214$26,472-$60,686
Insurance$1,291$47,890-$49,181
Depreciation Depletion$29,281$9,760-$39,041
Fees for Services Legal-$37,029-$37,029
Other Expenses$28,479$23,580-$28,479
Conferences and Meetings$17,536$369-$17,905
Travel$469$10,216-$10,685
Advertising-$10,462-$10,462
Fees for Services Accounting-$9,100-$9,100
Total Functional Expenses$3,387,443$1,165,637$0$4,553,080

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,553,080
Total Expenses per Audited Statements$4,553,080
Total Expenses per Form 990$4,553,080
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
Net Opeb Liability$3,365,116
Opeb Deferrals$1,741,934
Pension Liability$1,149,696
Deferred Inflows (pension)$126,974
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 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
2021-05-06

Organization Details

Principal Officer
Adrienne Casteen
Formed
1997
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
98
Volunteers
7

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/OtherRevenueMiscGrp/Desc0ADP DIRECT DEP FEE
IRS990/OtherRevenueMiscGrp/Desc1SALES & FUEL TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc2RENTAL SCHOOL PROPERTY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt051875
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt117598
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt29850
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt051875
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt117598
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt29850
IRS990/OtherRevenueTotalAmt082240
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0352114
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01770830
IRS990/OtherSalariesAndWagesGrp/TotalAmt02122944
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031899
IRS990/PayrollTaxesGrp/ProgramServicesAmt0133544
IRS990/PayrollTaxesGrp/TotalAmt0165443
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt075101
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0300406
IRS990/PensionPlanContributionsGrp/TotalAmt0375507
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012916
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057336
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/RelatedOrExemptFuncIncomeAmt02771210
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11304766
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260424
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt347672
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt417423
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02771210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11304766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt347672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt417423
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0207881
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01750
IRS990/PYOtherExpensesAmt01341508
IRS990/PYOtherRevenueAmt048442
IRS990/PYProgramServiceRevenueAmt03816732
IRS990/PYRevenuesLessExpensesAmt0-287643
IRS990/PYSalariesCompEmpBnftPaidAmt03020940
IRS990/PYTotalExpensesAmt04362448
IRS990/PYTotalRevenueAmt04074805
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-105402
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04201495
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099690
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/BookValueAmt0106026
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0419562
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0525588
IRS990ScheduleD/ExpensesSubtotalAmt04553080
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0178369
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0250033
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0428402
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06300000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1800893
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2267927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3238463
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4120795
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt54375
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3C/Y PENSION PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4C/Y OPEB PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DIPNC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03365116
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11741934
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21149696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3126974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS (PENSION)
IRS990ScheduleD/RevenueSubtotalAmt04447678
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0984395
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07732453
IRS990ScheduleD/TotalExpensesPerForm990Amt04553080
IRS990ScheduleD/TotalLiabilityAmt06383720
IRS990ScheduleD/TotalRevenuePerForm990Amt04447678
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04447678
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04553080
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
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHALLENGE FOUNDATION PROPERTIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0811808142
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0152 E MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0FOREST CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028043
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,507,742
Liabilities
$13,384,825
Net assets
-$3,877,083
Revenue
$4,447,678
Expenses
$4,553,080
Net income
-$105,402
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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