Civic Intelligence

Brevard Academy Inc

990 • Fiscal year 2021 • EIN 56-2049981

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 29, 2022

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

1.39x

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

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

3.08x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Net Margin

19th percentile

-2.8%

Higher net margin than 19% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

27th percentile

$83,548

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Asset Growth

46th percentile

9.0%

Faster asset growth than 46% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

40th percentile

4.9%

Faster revenue growth than 40% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$10,360,292

Up $852,550 (+9.0%) from 2020

Net Assets

Down

-$4,006,729

Down $129,646 (-3.3%) from 2020

Liabilities

Up

$14,367,021

Up $982,196 (+7.3%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin19th percentile

Revenue

Up

$4,663,677

Up $215,999 (+4.9%) from 2020

Expenses

Up

$4,793,323

Up $240,243 (+5.3%) from 2020

Net Income

Down

-$129,646

Down $24,244 (-23%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth46th 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

2021

Assets$10,360,292
Liabilities$14,367,021
Net Assets-$4,006,729
Open 2021 Filing

Operations Trend

Revenue Growth40th 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

2021

Revenue$4,663,677
Expenses$4,793,323
Net Income-$129,646
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 29, 2022
Return Version
2020v4.0
Gross Receipts
$4,663,677
Mission and Program Overview

Mission

Operation of a north carolina public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$984,395$7,050,292▲ $6,065,897
Cash and Non-Interest-Bearing Accounts$626,362$852,680▲ $226,318
Savings and Temporary Cash Investments$99,690$99,767▲ $77
Prepaid Expenses and Deferred Charges$57,336$5,018▼ $52,318
Accounts Receivable$7,506$2,605▼ $4,901
Total Assets$9,507,742$10,360,292▲ $852,550
Other Assets Total$7,732,453$2,349,930▼ $5,382,523
Liabilities
Other Liabilities$6,383,720$7,477,626▲ $1,093,906
Mortgage Notes Payable Secured by Investment Property$7,000,000$6,869,450▼ $130,550
Accounts Payable and Accrued Expenses$1,105$19,945▲ $18,840
Total Liabilities$13,384,825$14,367,021▲ $982,196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,877,083$-4,006,729▼ $129,646
Total Net Assets Fund Balance$-3,877,083$-4,006,729▼ $129,646
Total Liabilities and Net Assets / Fund Balance$9,507,742$10,360,292▲ $852,550

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,090,000$210,000$6,300,000
Land$700,000-$700,000
Equipment$98,832$443,657$542,489
Leasehold Improvements$161,460$266,942$428,402
Other Assets Org$6,326--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard DuncanDirector ofFT$83,548$83,548

Board Members and Trustees

NameTitle
Mark CampaniniBoard Chair
Myranda NashVice Chair
Adrienne CasteenDirector
Joel MalefytDirector
Mark FranklinDirector
Jamie AtkinsSecretary
Lee BurgessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$290,681
Program Service Revenue
$4,232,820
Investment Income
$1,577
Other Revenue
$138,599
All Other Contributions
$105,462
Change in Net Assets
$-129,646

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,663,677
Total Revenue per Audited Statements
$4,663,677
Total Revenue per Form 990
$4,663,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,401,509
Other Expenses$1,391,814
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,700,535$489,854-$2,190,389
Pension Plan Contributions$389,805$136,167-$525,972
Fees for Services Other$369,891$124,464-$494,355
Other Employee Benefits$301,976$105,511-$407,487
Depreciation Depletion$188,252$62,751-$251,003
Payroll Taxes$128,571$44,912-$173,483
Interest$124,687$41,563-$166,250
Current Officers, Directors, Trustees, and Key Employees-$104,178-$104,178
Occupancy$75,151$23,189-$98,340
Office Expenses$25,509$62,860-$88,369
Information Technology$36,570$23,543-$60,113
All Other Expenses$20,607$9,958-$30,565
Insurance-$16,906-$16,906
Other Expenses$14,079$15,160-$15,160
Fees for Services Accounting-$9,200-$9,200
Travel$2,825$5,065-$7,890
Advertising-$7,282-$7,282
Conferences and Meetings$6,177$658-$6,835
Fees for Services Legal-$1,170-$1,170
Total Functional Expenses$3,504,432$1,288,891$0$4,793,323

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,793,323
Total Expenses per Audited Statements$4,793,323
Total Expenses per Form 990$4,793,323
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$3,614,066
Opeb Deferrals$2,059,970
Pension Liability$1,720,476
Deferred Inflows (pension)$83,114
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
Mark Campanini
Title
Board Chair
Phone
9194791442
Signed
2022-01-29

Organization Details

Principal Officer
Mark Campanini
Formed
1997
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
78
Volunteers
8

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted exceptional studen 20,349 0 0 contracted repair & maintenan 56,776 18,925 0 contracted general admin. 0 25,896 0 contracted psychological 23,331 0 0 contracted custodial 20,156 6,719 0 contracted financial 0 34,800 0 instructional contracted 41,159 0 0 contracted technology 8,223 29,994 0 contracted sro 64,207 5,762 0 contracted nutrition 19,989 0 0 contracted misc 115,701 2,368 0 total 369,891 124,464 0”

Raw XML AppendixShowing 400 of 468 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1SCHOOL ACTIVITIES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT PURCHASE
IRS990/OtherExpensesGrp/Desc3SALES & USE TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04500
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt115160
IRS990/OtherExpensesGrp/ProgramServicesAmt093819
IRS990/OtherExpensesGrp/ProgramServicesAmt125978
IRS990/OtherExpensesGrp/ProgramServicesAmt214079
IRS990/OtherExpensesGrp/TotalAmt093819
IRS990/OtherExpensesGrp/TotalAmt125978
IRS990/OtherExpensesGrp/TotalAmt218579
IRS990/OtherExpensesGrp/TotalAmt315160
IRS990/OtherLiabilitiesGrp/BOYAmt06383720
IRS990/OtherLiabilitiesGrp/EOYAmt07477626
IRS990/OtherRevenueMiscGrp/Desc0COVID TAX CREDIT
IRS990/OtherRevenueMiscGrp/Desc1SALES & FUEL TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0119046
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt113953
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt23100
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0119046
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt113953
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23100
IRS990/OtherRevenueTotalAmt0138599
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0489854
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01700535
IRS990/OtherSalariesAndWagesGrp/TotalAmt02190389
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044912
IRS990/PayrollTaxesGrp/ProgramServicesAmt0128571
IRS990/PayrollTaxesGrp/TotalAmt0173483
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0136167
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0389805
IRS990/PensionPlanContributionsGrp/TotalAmt0525972
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057336
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05018
IRS990/PrincipalOfficerNm0MARK CAMPANINI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc4BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02973119
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11224464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215954
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt310630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt48653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02973119
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11224464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt215954
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt310630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt48653
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0163105
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0838
IRS990/PYOtherExpensesAmt01465533
IRS990/PYOtherRevenueAmt082240
IRS990/PYProgramServiceRevenueAmt04201495
IRS990/PYRevenuesLessExpensesAmt0-105402
IRS990/PYSalariesCompEmpBnftPaidAmt03087547
IRS990/PYTotalExpensesAmt04553080
IRS990/PYTotalRevenueAmt04447678
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-129646
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04232820
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099690
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099767
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/BookValueAmt06090000
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0210000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06300000
IRS990ScheduleD/EquipmentGrp/BookValueAmt098832
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0443657
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0542489
IRS990ScheduleD/ExpensesSubtotalAmt04793323
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0161460
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0266942
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0428402
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01285754
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1533183
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2268875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3255792
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt46326
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1C/Y PENSION PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3C/Y OPEB PLAN CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DIPNC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03614066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12059970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21720476
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt383114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED INFLOWS (PENSION)
IRS990ScheduleD/RevenueSubtotalAmt04663677
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07050292
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02349930
IRS990ScheduleD/TotalExpensesPerForm990Amt04793323
IRS990ScheduleD/TotalLiabilityAmt07477626
IRS990ScheduleD/TotalRevenuePerForm990Amt04663677
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04663677
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04793323
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/ExplanationTxt5CONTRACTED EXCEPTIONAL STUDEN 20,349 0 0 CONTRACTED REPAIR & MAINTENAN 56,776 18,925 0 CONTRACTED GENERAL ADMIN. 0 25,896 0 CONTRACTED PSYCHOLOGICAL 23,331 0 0 CONTRACTED CUSTODIAL 20,156 6,719 0 CONTRACTED FINANCIAL 0 34,800 0 INSTRUCTIONAL CONTRACTED 41,159 0 0 CONTRACTED TECHNOLOGY 8,223 29,994 0 CONTRACTED SRO 64,207 5,762 0 CONTRACTED NUTRITION 19,989 0 0 CONTRACTED MISC 115,701 2,368 0 TOTAL 369,891 124,464 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09507742
IRS990/TotalAssetsEOYAmt010360292
IRS990/TotalAssetsGrp/BOYAmt09507742

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$10,360,292
Liabilities
$14,367,021
Net assets
-$4,006,729
Revenue
$4,663,677
Expenses
$4,793,323
Net income
-$129,646
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