Civic Intelligence

Lincoln Charter School Inc.

990 • Fiscal year 2016 • EIN 56-2052862

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 27, 2017

7834 Galway LaneDenver, NC 28037

(704) 483-6611

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.12x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

17th percentile

0.04x

Higher debt load relative to revenue than 17% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

55th percentile

3.4%

Higher net margin than 55% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

70th percentile

9.3%

Faster asset growth than 70% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

11%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$4,479,905

Flat from 2016

Net Assets

Flat

$3,939,321

Flat from 2016

Liabilities

Flat

$540,584

Flat from 2016

Revenue

Flat

$13,809,917

Flat from 2016

Expenses

Flat

$13,342,355

Flat from 2016

Net Income

Flat

$467,562

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $4,981,469Liabilities 2011: $1,883,863Net Assets 2011: $3,097,6062011Assets 2012: $5,108,430Liabilities 2012: $1,814,721Net Assets 2012: $3,293,7092012Assets 2013: $5,713,085Liabilities 2013: $2,035,320Net Assets 2013: $3,677,7652013Assets 2014: $3,441,210Liabilities 2014: $512,074Net Assets 2014: $2,929,1362014Assets 2015: $4,099,223Liabilities 2015: $627,464Net Assets 2015: $3,471,7592015Assets 2016: $4,479,905Liabilities 2016: $540,584Net Assets 2016: $3,939,3212016Assets 2016: $4,479,905Liabilities 2016: $540,584Net Assets 2016: $3,939,3212016Assets 2017: $5,470,293Liabilities 2017: $546,861Net Assets 2017: $4,923,4322017Assets 2018: $6,598,017Liabilities 2018: $505,653Net Assets 2018: $6,092,3642018Assets 2019: $7,901,366Liabilities 2019: $510,205Net Assets 2019: $7,391,1612019Assets 2020: $8,108,423Liabilities 2020: $491,128Net Assets 2020: $7,617,2952020Assets 2021: $10,014,512Liabilities 2021: $838,978Net Assets 2021: $9,175,5342021Assets 2022: $10,018,483Liabilities 2022: $609,401Net Assets 2022: $9,409,0822022Assets 2023: $11,123,248Liabilities 2023: $614,062Net Assets 2023: $10,509,1862023

Highlighted filing

2016

Assets$4,479,905
Liabilities$540,584
Net Assets$3,939,321

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $8,077,9172011Expenses 2012: $9,308,1812012Expenses 2013: $10,072,2692013Revenue 2014: $11,049,875Expenses 2014: $11,798,527Net Income 2014: -$748,6522014Revenue 2015: $12,409,671Expenses 2015: $11,867,048Net Income 2015: $542,6232015Revenue 2016: $13,809,917Expenses 2016: $13,342,355Net Income 2016: $467,5622016Revenue 2016: $13,809,917Expenses 2016: $13,342,355Net Income 2016: $467,5622016Revenue 2017: $14,671,869Expenses 2017: $13,687,758Net Income 2017: $984,1112017Revenue 2018: $15,497,711Expenses 2018: $14,328,779Net Income 2018: $1,168,9322018Revenue 2019: $16,798,292Expenses 2019: $15,499,497Net Income 2019: $1,298,7952019Revenue 2020: $17,767,007Expenses 2020: $17,540,873Net Income 2020: $226,1342020Revenue 2021: $18,722,799Expenses 2021: $17,164,560Net Income 2021: $1,558,2392021Revenue 2022: $20,367,143Expenses 2022: $20,173,219Net Income 2022: $193,9242022Revenue 2023: $23,325,659Expenses 2023: $22,225,555Net Income 2023: $1,100,1042023

Highlighted filing

2016

Revenue$13,809,917
Expenses$13,342,355
Net Income$467,562
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 27, 2017
Return Version
2015v3.0
Gross Receipts
$13,809,917
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,570,219$3,840,875▲ $270,656
Land, Buildings, and Equipment, Net$248,737$325,097▲ $76,360
Savings and Temporary Cash Investments$260,561$263,847▲ $3,286
Accounts Receivable$18,076$47,796▲ $29,720
Prepaid Expenses and Deferred Charges$1,630$2,290▲ $660
Total Assets$4,099,223$4,479,905▲ $380,682
Liabilities
Other Liabilities$426,477$414,381▼ $12,096
Accounts Payable and Accrued Expenses$161,491$55,315▼ $106,176
Deferred Revenue$25,903$48,875▲ $22,972
Mortgage Notes Payable Secured by Investment Property$13,593$22,013▲ $8,420
Total Liabilities$627,464$540,584▼ $86,880
Net Assets / Fund Balance
Unrestricted Net Assets$3,245,291$3,662,734▲ $417,443
Temporarily Rstr Net Assets$226,468$276,587▲ $50,119
Total Net Assets Fund Balance$3,471,759$3,939,321▲ $467,562
Total Liabilities and Net Assets / Fund Balance$4,099,223$4,479,905▲ $380,682

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$208,305$463,464-
Leasehold Improvements$116,792$14,705-
Compensation and Service Providers

Board Members and Trustees

NameTitle
John SplainPresident
Tom BrooksVice-President
Gordon KingDirector
Greg TaylorDirector
Mike LocklairDirector
Nicole NicholsDirector
Steve LockeyDirector
Tina DellingerSecretary
Chris CaryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,508,778
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$301,139
All Other Contributions
$211,832
Change in Net Assets
$467,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,809,917
Total Revenue per Audited Statements
$13,809,917
Total Revenue per Form 990
$13,809,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,545,262
Other Expenses$3,437,093
Grants and Similar Amounts Paid$360,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,072,446$517,964$0$7,590,410
Occupancy$0$1,681,199$0$1,681,199
Other Employee Benefits$889,125$113,571$0$1,002,696
Payroll Taxes$571,149$44,400$0$615,549
Grants to Domestic Orgs$360,000--$360,000
Pension Plan Contributions$317,860$18,747$0$336,607
All Other Expenses$272,057$22,511$0$294,568
Office Expenses$78,867$80,558$0$159,425
Other Expenses$0$140,744$0$140,744
Conferences and Meetings$106,692$0$0$106,692
Depreciation Depletion$23,024$36,610$0$59,634
Insurance$0$41,746$0$41,746
Fees for Services Legal$0$24,635$0$24,635
Information Technology$24,613$0$0$24,613
Fees for Services Accounting$0$17,300$0$17,300
Travel$11,422$0$0$11,422
Interest$0$1,644$0$1,644
Advertising$0$1,588$0$1,588
Total Functional Expenses$10,094,105$3,248,250$0$13,342,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,342,355
Total Expenses per Audited Statements$13,342,355
Total Expenses per Form 990$13,342,355
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Foundation for EducationDenver, NC501(c)(3)Facilities$360,000
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
Compensated Absences$387,884
Capital Leases$26,497
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Filing and Contact Details

Filer

Filer Name
Lincoln Charter School Inc
EIN
56-2052862
Phone
7044836611
Address
7834 Galway Lane, Denver, NC 28037

Signing Officer

Name
John Splain
Title
President
Phone
7044836611
Signed
2017-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Splain
Formed
1997
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
312
Volunteers
311

Preparer

Firm
Darrell L Keller CPA PA
Address
PO Box 1028, Kings Mountain, NC 28086
Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by board prior to filing.

Pt VI, Line 12C

Conflict of Interest statements are signed annually.

Pt VI, Line 15A

Compared to other charter schools.

Pt VI, Line 15B

Compared to other charter schools.

Form 990, Part IX, Line 24E

Non-Capital Equipment 267973. 245462. 22511. 0.

Form 990, Part IX, Line 24E

Other 25245. 25245. 0. 0.

Form 990, Part IX, Line 24E

Scholarship 1350. 1350. 0. 0.

Raw XML AppendixShowing 400 of 506 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/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Fines & Forfeitures
IRS990/OtherRevenueMiscGrp/Desc1Others
IRS990/OtherRevenueMiscGrp/Desc2After School Care
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01945
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1104644
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2194550
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01945
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1104644
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2194550
IRS990/OtherRevenueTotalAmt0301139
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0517964
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07072446
IRS990/OtherSalariesAndWagesGrp/TotalAmt07590410
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt044400
IRS990/PayrollTaxesGrp/ProgramServicesAmt0571149
IRS990/PayrollTaxesGrp/TotalAmt0615549
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt018747
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0317860
IRS990/PensionPlanContributionsGrp/TotalAmt0336607
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01630
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02290
IRS990/PrincipalOfficerNm0JOHN SPLAIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt012163320
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0410000
IRS990/PYInvestmentIncomeAmt012152
IRS990/PYOtherExpensesAmt02883611
IRS990/PYOtherRevenueAmt0234199
IRS990/PYRevenuesLessExpensesAmt0542623
IRS990/PYSalariesCompEmpBnftPaidAmt08573437
IRS990/PYTotalExpensesAmt011867048
IRS990/PYTotalRevenueAmt012409671
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0467562
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013809917
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0260561
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0263847
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0208305
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0463464
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0671769
IRS990ScheduleD/ExpensesSubtotalAmt013342355
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0116792
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014705
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0131497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0387884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Capital Leases
IRS990ScheduleD/RevenueSubtotalAmt013809917
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0325097
IRS990ScheduleD/TotalExpensesPerForm990Amt013342355
IRS990ScheduleD/TotalLiabilityAmt0414381
IRS990ScheduleD/TotalRevenuePerForm990Amt013809917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013809917
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013342355
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS INCLUDED IN BROCHURES AND MEDIA ADVERTISING. N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0360000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Facilities
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The Foundation for Education
IRS990ScheduleI/RecipientTable/RecipientEIN0510602496
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07834 Galway Lane
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Denver
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028037
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Non-Capital Equipment 267973. 245462. 22511. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other 25245. 25245. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Scholarship 1350. 1350. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Common Board
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LCS CFA Educational Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0510602496
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fundraising and real estate
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Yes
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07834 Galway Lane

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$11.1$0.61$10.5$23.3$22.2$1.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.0$0.61$9.41$20.4$20.2$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.0$0.84$9.18$18.7$17.2$1.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$0.49$7.62$17.8$17.5$0.23
2019Summary only. Only limited summary data is available for this year.$7.90$0.51$7.39$16.8$15.5$1.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$0.51$6.09$15.5$14.3$1.17
2017Summary only. Only limited summary data is available for this year.$5.47$0.55$4.92$14.7$13.7$0.98
2016Detailed filing. Detailed filing data is available for this year.$4.48$0.54$3.94$13.8$13.3$0.47
2016Summary only. Only limited summary data is available for this year.$4.48$0.54$3.94$13.8$13.3$0.47
2015Detailed filing. Detailed filing data is available for this year.$4.10$0.63$3.47$12.4$11.9$0.54
2014Detailed filing. Detailed filing data is available for this year.$3.44$0.51$2.93$11.0$11.8$0.75
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.71$2.04$3.68$10.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$1.81$3.29$9.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$1.88$3.10$8.08