Civic Intelligence

East Wake First Charter School

990 • Fiscal year 2019 • EIN 56-2076997

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 31, 2020

Organization ProfileWWW.EASTWAKEACADEMY.ORG
821 Charter School WayZebulon, NC 27597

(919) 404-0444

Siviq Scores

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

Liabilities / Assets

99th percentile

1.87x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

2.93x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

55th percentile

4.0%

Higher net margin than 55% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

34th percentile

$117,906

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

47th percentile

2.8%

Faster asset growth than 47% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

51st percentile

5.0%

Faster revenue growth than 51% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$16,397,133

Up $439,076 (+2.8%) from 2018

Net Assets

Up

-$14,203,268

Up $421,541 (+2.9%) from 2018

Liabilities

Up

$30,600,401

Up $17,535 (+0.1%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin55th percentile

Revenue

Up

$10,430,691

Up $498,897 (+5.0%) from 2018

Expenses

Down

$10,009,150

Down $118,951 (-1.2%) from 2018

Net Income

Up

$421,541

Up $617,848 (+315%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$40M$20M$0-$20MAssets 2011: $12,324,357Liabilities 2011: $9,263,437Net Assets 2011: $3,060,9202011Assets 2012: $12,223,776Liabilities 2012: $9,104,827Net Assets 2012: $3,118,9492012Assets 2013: $12,050,674Liabilities 2013: $8,954,877Net Assets 2013: $3,095,7972013Assets 2014: $11,722,258Liabilities 2014: $8,774,209Net Assets 2014: $2,948,0492014Assets 2015: $13,277,628Liabilities 2015: $12,257,436Net Assets 2015: $1,020,1922015Assets 2016: $14,762,191Liabilities 2016: $13,615,529Net Assets 2016: $1,146,6622016Assets 2017: $16,468,273Liabilities 2017: $15,511,757Net Assets 2017: $956,5162017Assets 2018: $15,958,057Liabilities 2018: $30,582,866Net Assets 2018: -$14,624,8092018Assets 2019: $16,397,133Liabilities 2019: $30,600,401Net Assets 2019: -$14,203,2682019Assets 2020: $16,454,406Liabilities 2020: $30,483,223Net Assets 2020: -$14,028,8172020Assets 2021: $17,731,293Liabilities 2021: $31,218,442Net Assets 2021: -$13,487,1492021Assets 2022: $17,699,108Liabilities 2022: $29,616,922Net Assets 2022: -$11,917,8142022Assets 2023: $19,577,620Liabilities 2023: $29,500,157Net Assets 2023: -$9,922,5372023Assets 2024: $20,058,672Liabilities 2024: $29,298,565Net Assets 2024: -$9,239,8932024Assets 2025: $20,761,187Liabilities 2025: $30,148,121Net Assets 2025: -$9,386,9342025

Highlighted filing

2019

Assets$16,397,133
Liabilities$30,600,401
Net Assets-$14,203,268
Open 2019 Filing

Operations Trend

Revenue Growth51st percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $8,179,071Expenses 2011: $7,672,345Net Income 2011: $506,7262011Revenue 2012: $7,954,727Expenses 2012: $7,896,698Net Income 2012: $58,0292012Revenue 2013: $8,234,964Expenses 2013: $8,258,116Net Income 2013: -$23,1522013Revenue 2014: $8,234,605Expenses 2014: $8,382,353Net Income 2014: -$147,7482014Revenue 2015: $8,640,966Expenses 2015: $8,466,216Net Income 2015: $174,7502015Revenue 2016: $9,188,549Expenses 2016: $9,062,079Net Income 2016: $126,4702016Revenue 2017: $9,317,673Expenses 2017: $9,507,819Net Income 2017: -$190,1462017Revenue 2018: $9,931,794Expenses 2018: $10,128,101Net Income 2018: -$196,3072018Revenue 2019: $10,430,691Expenses 2019: $10,009,150Net Income 2019: $421,5412019Revenue 2020: $11,016,702Expenses 2020: $10,842,251Net Income 2020: $174,4512020Revenue 2021: $11,394,430Expenses 2021: $10,852,762Net Income 2021: $541,6682021Revenue 2022: $12,517,626Expenses 2022: $10,948,291Net Income 2022: $1,569,3352022Revenue 2023: $13,305,899Expenses 2023: $11,310,622Net Income 2023: $1,995,2772023Revenue 2024: $13,729,931Expenses 2024: $13,054,422Net Income 2024: $675,5092024Revenue 2025: $14,464,015Expenses 2025: $14,611,056Net Income 2025: -$147,0412025

Highlighted filing

2019

Revenue$10,430,691
Expenses$10,009,150
Net Income$421,541
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 31, 2020
Return Version
2018v3.2
Gross Receipts
$10,444,413
Mission and Program Overview

Mission

Operation of a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,479,646$11,027,375▼ $452,271
Cash and Non-Interest-Bearing Accounts$1,229,725$1,698,253▲ $468,528
Savings and Temporary Cash Investments$846,035$852,547▲ $6,512
Intangible Assets$268,705$256,013▼ $12,692
Accounts Receivable$238,259$65,767▼ $172,492
Prepaid Expenses and Deferred Charges$71,913$44,859▼ $27,054
Total Assets$15,958,057$16,397,133▲ $439,076
Other Assets Total$1,823,774$2,452,319▲ $628,545
Liabilities
Other Liabilities$19,553,730$19,834,488▲ $280,758
Mortgage Notes Payable Secured by Investment Property$11,002,075$10,740,346▼ $261,729
Accounts Payable and Accrued Expenses$23,626$25,485▲ $1,859
Deferred Revenue$3,435$82▼ $3,353
Total Liabilities$30,582,866$30,600,401▲ $17,535
Net Assets / Fund Balance
Temporarily Rstr Net Assets$485,775$537,011▲ $51,236
Unrestricted Net Assets$-15,110,584$-14,740,279▲ $370,305
Total Net Assets Fund Balance$-14,624,809$-14,203,268▲ $421,541
Total Liabilities and Net Assets / Fund Balance$15,958,057$16,397,133▲ $439,076

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,665,622$4,035,087$13,700,709
Equipment$466,552$1,185,256$1,651,808
Other Land Buildings$248,184$550,717$798,901
Land$620,000-$620,000
Leasehold Improvements$27,017$112,267$139,284
Other Assets Org$7,287--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stephen GaySuperintendeFT$117,906$117,906

Board Members and Trustees

NameTitle
Michael LesterChairman
Bill AusleyVice Chair
Jamie LandrumDirector
Joseph TarltonDirector
Tracie HicksDirector
John BroadfootSecretary
Tom WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Jani-king Of RaleighJanitorial Srvc801 JONES FRANKLIN RD SUITE 230, Raleigh, NC 27606$140,000
Acadia NorthstarMgt & Accting5029 FALLS OF NEUSE RD 218, Raleigh, NC 27609$139,619
Revenue and Support

Revenue Composition

Contributions and Grants
$315,675
Program Service Revenue
$10,041,656
Investment Income
$6,512
Other Revenue
$66,848
All Other Contributions
$64,807
Change in Net Assets
$421,541

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,430,691
Total Revenue per Audited Statements
$10,430,691
Total Revenue per Form 990
$10,430,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,172,702
Other Expenses$2,836,448
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,620,759$670,544-$5,291,303
Pension Plan Contributions$673,162$99,699-$772,861
Depreciation Depletion$481,148$160,383-$641,531
Other Employee Benefits$475,422$70,413-$545,835
Fees for Services Other$219,377$308,501-$527,878
Interest$385,318$128,439-$513,757
Payroll Taxes$342,480$50,723-$393,203
Occupancy$236,460$87,469-$323,929
Current Officers, Directors, Trustees, and Key Employees$135,600$33,900-$169,500
Information Technology$108,698$12,078-$120,776
Office Expenses$55,604$62,260-$117,864
Fees for Services Accounting-$110,475-$110,475
Insurance-$59,143-$59,143
Conferences and Meetings$42,611$14,204-$56,815
All Other Expenses$32,538$5,764-$38,302
Fees for Services Legal-$24,000-$24,000
Other Expenses$15,779$2,785-$18,564
Travel$12,648$2,217-$14,865
Advertising-$5,243-$5,243
Total Functional Expenses$8,070,335$1,938,815$0$10,009,150

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,009,150
Total Expenses per Audited Statements$10,009,150
Total Expenses per Form 990$10,009,150
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,326
Fundraising Direct Expenses$13,722
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraisers$16,326$16,326$13,722$2,604
Total Events$16,326$16,326$13,722$2,604
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Edward WilliamsBrotherLegal ServicesNo$24,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Opeb Liability$10,221,742
Opeb Deferrals$5,318,026
Pension Liability$3,897,809
Pension Deferrals$201,730
Accrued Paid Time Off$192,257
Dipnc Deferrals$2,924
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
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Acadia northstar, llc accounting & business management”

Form 990, Page 6, Part VI, Line 11B

“The board secretary and the board treasurer review. Copy is provided to the full board prior to filing.”

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

“The board of directors reviews the policy annually. If any conflicts arise they are reviewed and resolved by the board of directors.”

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

“The board of directors approves compensation for the organization's top management official. Organization uses the state of north carolina payscale.”

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

“All appliciable compensation is based on state of north carolina payscale, and is approved by the board of directors.”

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
East Wake First Charter School
EIN
56-2076997
Phone
9194040444
Address
821 CHARTER SCHOOL WAY, ZEBULON, NC 27597

Signing Officer

Name
John Broadfoot
Title
Secretary
Phone
9194040444
Signed
2020-01-31

Organization Details

Principal Officer
Michael Lester
Formed
1998
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
177
Volunteers
63

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/LandBldgEquipBasisNetGrp/EOYAmt011027375
IRS990/LandBldgEquipCostOrOtherBssAmt016910702
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt03944
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt03944
IRS990/MissionDesc0OPERATION OF A PUBLIC CHARTER SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011002075
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010740346
IRS990/NetAssetsOrFundBalancesBOYAmt0-14624809
IRS990/NetAssetsOrFundBalancesEOYAmt0-14203268
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02604
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt087469
IRS990/OccupancyGrp/ProgramServicesAmt0236460
IRS990/OccupancyGrp/TotalAmt0323929
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt062260
IRS990/OfficeExpensesGrp/ProgramServicesAmt055604
IRS990/OfficeExpensesGrp/TotalAmt0117864
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01823774
IRS990/OtherAssetsTotalGrp/EOYAmt02452319
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt070413
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0475422
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0545835
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1FIELD TRIPS
IRS990/OtherExpensesGrp/Desc2SALES & USE TAX
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12785
IRS990/OtherExpensesGrp/ProgramServicesAmt0144119
IRS990/OtherExpensesGrp/ProgramServicesAmt188612
IRS990/OtherExpensesGrp/ProgramServicesAmt215779
IRS990/OtherExpensesGrp/TotalAmt0144119
IRS990/OtherExpensesGrp/TotalAmt188612
IRS990/OtherExpensesGrp/TotalAmt230575
IRS990/OtherExpensesGrp/TotalAmt318564
IRS990/OtherLiabilitiesGrp/BOYAmt019553730
IRS990/OtherLiabilitiesGrp/EOYAmt019834488
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc2RENT REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06378
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt030575
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt123347
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt030575
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt123347
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt26378
IRS990/OtherRevenueTotalAmt064244
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0670544
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04620759
IRS990/OtherSalariesAndWagesGrp/TotalAmt05291303
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050723
IRS990/PayrollTaxesGrp/ProgramServicesAmt0342480
IRS990/PayrollTaxesGrp/TotalAmt0393203
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt099699
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0673162
IRS990/PensionPlanContributionsGrp/TotalAmt0772861
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071913
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt044859
IRS990/PrincipalOfficerNm0MICHAEL LESTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06869410
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12837939
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2199097
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3135210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06869410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12837939
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2199097
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3135210
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0366791
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03352
IRS990/PYOtherExpensesAmt02738086
IRS990/PYOtherRevenueAmt056479
IRS990/PYProgramServiceRevenueAmt09505172
IRS990/PYRevenuesLessExpensesAmt0-196307
IRS990/PYSalariesCompEmpBnftPaidAmt07390015
IRS990/PYTotalExpensesAmt010128101
IRS990/PYTotalRevenueAmt09931794
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0421541
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010041656
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0846035
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0852547
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/BookValueAmt09665622
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04035087
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013700709
IRS990ScheduleD/EquipmentGrp/BookValueAmt0466552
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01185256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01651808
IRS990ScheduleD/ExpensesSubtotalAmt010009150
IRS990ScheduleD/LandGrp/BookValueAmt0620000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0620000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt027017
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0112267
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0139284
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01468288
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1639679
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2326345
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt310720
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt47287
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET OPEP DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CURRENT YR PENSION CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPEB CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NET OPEB ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4DIPNC CONTRIBUTIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0248184
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0550717
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0798901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010221742
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15318026
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23897809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3201730
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4192257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt52924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PENSION DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED PAID TIME OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DIPNC DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt010430691
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011027375
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02452319
IRS990ScheduleD/TotalExpensesPerForm990Amt010009150
IRS990ScheduleD/TotalLiabilityAmt019834488
IRS990ScheduleD/TotalRevenuePerForm990Amt010430691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010430691
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010009150
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/ExplanationTxt0EAST WAKE ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION 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/DirectExpenseSummaryEventsAmt013722
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISERS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016326
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016326

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,397,133
Liabilities
$30,600,401
Net assets
-$14,203,268
Revenue
$10,430,691
Expenses
$10,009,150
Net income
$421,541
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.8$30.1$9.39$14.5$14.6$0.15
2024Detailed filing. Detailed filing data is available for this year.$20.1$29.3$9.24$13.7$13.1$0.68
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.6$29.5$9.92$13.3$11.3$2.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$29.6$11.9$12.5$10.9$1.57
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$31.2$13.5$11.4$10.9$0.54
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$30.5$14.0$11.0$10.8$0.17
2019Detailed filing. Detailed filing data is available for this year.$16.4$30.6$14.2$10.4$10.0$0.42
2018Summary only. Only limited summary data is available for this year.$16.0$30.6$14.6$9.93$10.1$0.20
2017Summary only. Only limited summary data is available for this year.$16.5$15.5$0.96$9.32$9.51$0.19
2016Summary only. Only limited summary data is available for this year.$14.8$13.6$1.15$9.19$9.06$0.13
2015Summary only. Only limited summary data is available for this year.$13.3$12.3$1.02$8.64$8.47$0.17
2014Summary only. Only limited summary data is available for this year.$11.7$8.77$2.95$8.23$8.38$0.15
2013Summary only. Only limited summary data is available for this year.$12.1$8.95$3.10$8.23$8.26$0.02
2012Summary only. Only limited summary data is available for this year.$12.2$9.10$3.12$7.95$7.90$0.06
2011Summary only. Only limited summary data is available for this year.$12.3$9.26$3.06$8.18$7.67$0.51