Civic Intelligence

Brevard Academy Inc

990 • Fiscal year 2023 • EIN 56-2049981

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 23, 2024

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

97th percentile

1.30x

Higher debt load relative to assets than 97% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

2.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Net Margin

59th percentile

5.9%

Higher net margin than 59% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$93,675

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2023 filings • NTEE B • $10M-$25M nonprofits • Source year 2023

Asset Growth

55th percentile

7.8%

Faster asset growth than 55% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

6.8%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$10,894,648

Up $788,361 (+7.8%) from 2022

Net Assets

Up

-$3,287,618

Up $333,186 (+9.2%) from 2022

Liabilities

Up

$14,182,266

Up $455,175 (+3.3%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin59th percentile

Revenue

Up

$5,668,551

Up $359,797 (+6.8%) from 2022

Expenses

Up

$5,335,365

Up $412,536 (+8.4%) from 2022

Net Income

Down

$333,186

Down $52,739 (-14%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth55th 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

2023

Assets$10,894,648
Liabilities$14,182,266
Net Assets-$3,287,618
Open 2023 Filing

Operations Trend

Revenue Growth55th 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

2023

Revenue$5,668,551
Expenses$5,335,365
Net Income$333,186
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$5,668,551
Mission and Program Overview

Mission

Operation of a north carolina public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,801,849$6,689,795▼ $112,054
Cash and Non-Interest-Bearing Accounts$989,494$1,313,379▲ $323,885
Savings and Temporary Cash Investments$99,782$99,835▲ $53
Accounts Receivable$127,518$15,251▼ $112,267
Prepaid Expenses and Deferred Charges$9,171$8,555▼ $616
Total Assets$10,106,287$10,894,648▲ $788,361
Other Assets Total$2,078,473$2,767,833▲ $689,360
Liabilities
Other Liabilities$6,954,297$7,543,922▲ $589,625
Mortgage Notes Payable Secured by Investment Property$6,732,698$6,595,873▼ $136,825
Accounts Payable and Accrued Expenses$40,096$42,471▲ $2,375
Total Liabilities$13,727,091$14,182,266▲ $455,175
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,620,804$-3,287,618▲ $333,186
Total Net Assets Fund Balance$-3,620,804$-3,287,618▲ $333,186
Total Liabilities and Net Assets / Fund Balance$10,106,287$10,894,648▲ $788,361

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,357,030-$6,357,030
Land$700,000-$700,000
Equipment$686,909-$686,909
Leasehold Improvements$428,402-$428,402
Other Land Buildings$-1,482,546$1,482,546-
Other Assets Org$156,075--
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Richard DuncanDirector ofFT$93,675$93,675

Board Members and Trustees

NameTitle
Mark CampaniniBoard Chair
Joe MalefytVice Chair
Lyndsay WestDirector
Margie RackleyDirector
Mark FranklinDirector
Ronald BurgessDirector
Jamie AtkinsSecretary
Lee BurgessTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,489,965
Program Service Revenue
$156,760
Investment Income
$130
Other Revenue
$21,696
All Other Contributions
$20,237
Change in Net Assets
$333,186

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,668,551
Total Revenue per Audited Statements
$5,668,551
Total Revenue per Form 990
$5,668,551
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,559,951
Other Expenses$1,775,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,065,903$459,468-$2,525,371
Pension Plan Contributions$338,006$90,501-$428,507
Fees for Services Other$280,735$75,166-$355,901
Other Employee Benefits$255,046$68,289-$323,335
Depreciation Depletion$198,000$53,014-$251,014
Payroll Taxes$149,133$39,930-$189,063
Interest$126,188$33,787-$159,975
Occupancy$117,883$31,563-$149,446
Other Expenses$96,970$25,963-$122,933
Current Officers, Directors, Trustees, and Key Employees-$93,675-$93,675
Fees for Services Accounting$62,334$16,690-$79,024
Insurance$47,832$12,807-$60,639
Travel$33,921$9,082-$43,003
All Other Expenses$22,159$5,933-$28,092
Advertising$15,136$4,053-$19,189
Information Technology$11,822$3,165-$14,987
Fees for Services Legal$8,942$2,394-$11,336
Total Functional Expenses$4,208,536$1,126,829$0$5,335,365

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,335,365
Total Expenses per Audited Statements$5,335,365
Total Expenses per Form 990$5,335,365
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$3,114,691
Net Pension Liability$2,598,876
Opeb Deferrals$1,739,914
Pension Deferrals$90,441
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 10B

“SCHEDULE O”

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
8288852665
Signed
2024-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Campanini
Formed
1997
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
106
Volunteers
8

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038760
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt132747
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt229842
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt325963
IRS990/OtherExpensesGrp/ProgramServicesAmt0144765
IRS990/OtherExpensesGrp/ProgramServicesAmt1122304
IRS990/OtherExpensesGrp/ProgramServicesAmt2111457
IRS990/OtherExpensesGrp/ProgramServicesAmt396970
IRS990/OtherExpensesGrp/TotalAmt0183525
IRS990/OtherExpensesGrp/TotalAmt1155051
IRS990/OtherExpensesGrp/TotalAmt2141299
IRS990/OtherExpensesGrp/TotalAmt3122933
IRS990/OtherLiabilitiesGrp/BOYAmt06954297
IRS990/OtherLiabilitiesGrp/EOYAmt07543922
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SALES & FUEL TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020460
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11236
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020460
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11236
IRS990/OtherRevenueTotalAmt021696
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0459468
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02065903
IRS990/OtherSalariesAndWagesGrp/TotalAmt02525371
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt039930
IRS990/PayrollTaxesGrp/ProgramServicesAmt0149133
IRS990/PayrollTaxesGrp/TotalAmt0189063
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt090501
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0338006
IRS990/PensionPlanContributionsGrp/TotalAmt0428507
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09171
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08555
IRS990/PrincipalOfficerNm0MARK CAMPANINI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAM & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058658
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt154070
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt244032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058658
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt154070
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt244032
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0463723
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt015
IRS990/PYOtherExpensesAmt01447445
IRS990/PYOtherRevenueAmt036757
IRS990/PYProgramServiceRevenueAmt04808259
IRS990/PYRevenuesLessExpensesAmt0385925
IRS990/PYSalariesCompEmpBnftPaidAmt03475384
IRS990/PYTotalExpensesAmt04922829
IRS990/PYTotalRevenueAmt05308754
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0333186
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0156760
IRS990/SavingsAndTempCashInvstGrp/BOYAmt099782
IRS990/SavingsAndTempCashInvstGrp/EOYAmt099835
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/BookValueAmt06357030
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06357030
IRS990ScheduleD/EquipmentGrp/BookValueAmt0686909
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0686909
IRS990ScheduleD/ExpensesSubtotalAmt05335365
IRS990ScheduleD/LandGrp/BookValueAmt0700000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0700000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0428402
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0428402
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01300684
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1923008
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2388066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3156075
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CONTRIBUTION TO PENSION PLAN IN CURR
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3CONTRIBUTION TO OPEB PLAN IN CY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0-1482546
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01482546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03114691
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12598876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21739914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt390441
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt05668551
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06689795
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02767833
IRS990ScheduleD/TotalExpensesPerForm990Amt05335365
IRS990ScheduleD/TotalLiabilityAmt07543922
IRS990ScheduleD/TotalRevenuePerForm990Amt05668551
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05668551
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05335365
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/ExplanationTxt0SCHEDULE O
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS REVIEWED BY THE BOARD'S FINANCE COMMMITTEE AND PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD 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/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. COMPENSATION IS BASED ON STATE OF NORTH CAROLINA PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES ALL COMPENSATION. COMPENSATION BASED ON STATE PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING 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 10B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010106287
IRS990/TotalAssetsEOYAmt010894648
IRS990/TotalAssetsGrp/BOYAmt010106287
IRS990/TotalAssetsGrp/EOYAmt010894648
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05489965
IRS990/TotalEmployeeCnt0106

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,894,648
Liabilities
$14,182,266
Net assets
-$3,287,618
Revenue
$5,668,551
Expenses
$5,335,365
Net income
$333,186
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
2023Detailed filing. Detailed filing data is available for this year.$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