Civic Intelligence

East Wake First Charter School

990 • Fiscal year 2021 • EIN 56-2076997

Jul 01, 2020 to Jun 30, 2021 • Filed on Feb 10, 2022

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

100th percentile

1.76x

Higher debt load relative to assets than 100% of similar nonprofits.

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

Liabilities / Revenue

90th percentile

2.74x

Higher debt load relative to revenue than 90% of similar nonprofits.

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

Net Margin

35th percentile

4.8%

Higher net margin than 35% of similar nonprofits.

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

Top Officer Pay

39th percentile

$130,295

Higher top officer pay than 39% of similar nonprofits.

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

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

Asset Growth

42nd percentile

7.8%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

35th percentile

3.4%

Faster revenue growth than 35% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$17,731,293

Up $1,276,887 (+7.8%) from 2020

Net Assets

Up

-$13,487,149

Up $541,668 (+3.9%) from 2020

Liabilities

Up

$31,218,442

Up $735,219 (+2.4%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin35th percentile

Revenue

Up

$11,394,430

Up $377,728 (+3.4%) from 2020

Expenses

Up

$10,852,762

Up $10,511 (+0.1%) from 2020

Net Income

Up

$541,668

Up $367,217 (+210%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2021

Assets$17,731,293
Liabilities$31,218,442
Net Assets-$13,487,149
Open 2021 Filing

Operations Trend

Revenue Growth35th 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

2021

Revenue$11,394,430
Expenses$10,852,762
Net Income$541,668
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 10, 2022
Return Version
2020v4.0
Gross Receipts
$11,394,430
Mission and Program Overview

Mission

Operation of a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,511,696$10,027,683▼ $484,013
Cash and Non-Interest-Bearing Accounts$1,961,639$2,780,877▲ $819,238
Savings and Temporary Cash Investments$857,212$857,429▲ $217
Intangible Assets$243,317$230,623▼ $12,694
Prepaid Expenses and Deferred Charges$52,636$106,715▲ $54,079
Accounts Receivable$307,636$87,360▼ $220,276
Total Assets$16,454,406$17,731,293▲ $1,276,887
Other Assets Total$2,520,270$3,640,606▲ $1,120,336
Liabilities
Other Liabilities$20,002,075$21,020,409▲ $1,018,334
Mortgage Notes Payable Secured by Investment Property$10,465,741$10,177,582▼ $288,159
Accounts Payable and Accrued Expenses$15,100$20,369▲ $5,269
Deferred Revenue$307$82▼ $225
Total Liabilities$30,483,223$31,218,442▲ $735,219
Net Assets / Fund Balance
Net Assets With Donor Restrictions$698,562--
Net Assets Without Donor Restrictions$-14,727,379$-13,487,149▲ $1,240,230
Total Net Assets Fund Balance$-14,028,817$-13,487,149▲ $541,668
Total Liabilities and Net Assets / Fund Balance$16,454,406$17,731,293▲ $1,276,887

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,784,037$4,951,649$13,735,686
Equipment$399,762$1,443,593$1,843,355
Other Land Buildings$223,884$727,094$950,978
Land$620,000-$620,000
Other Assets Org$4,985--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stephen GaySuperintendeFT$130,295$130,295

Board Members and Trustees

NameTitle
John BroadfootChairman
Jamie LandrumVice Chair
Heather CollierDirector
Joseph TarltonDirector
Wayne DupreeDirector
Stephanie HallSecretary
Tom WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Acadia NorthstarMgt & Accting5029 FALLS OF NEUSE RD 218, Raleigh, NC 27609$138,849
Jani-king Of RaleighJanitorial Srvc801 JONES FRANKLIN RD SUITE 230, Raleigh, NC 27606$126,850
Revenue and Support

Revenue Composition

Contributions and Grants
$496,008
Program Service Revenue
$10,840,068
Investment Income
$292
Other Revenue
$58,062
All Other Contributions
$13,740
Change in Net Assets
$541,668

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,394,430
Total Revenue per Audited Statements
$11,394,430
Total Revenue per Form 990
$11,394,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,021,809
Other Expenses$2,830,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,134,474$515,527-$5,650,001
Pension Plan Contributions$1,203,699$179,863-$1,383,562
Fees for Services Other$195,064$458,681-$653,745
Depreciation Depletion$460,783$153,594-$614,377
Interest$365,494$121,832-$487,326
Payroll Taxes$363,740$54,352-$418,092
Other Employee Benefits$285,044$42,110-$327,154
Occupancy$215,974$83,271-$299,245
Current Officers, Directors, Trustees, and Key Employees-$243,000-$243,000
Information Technology$163,950$29,636-$193,586
Fees for Services Accounting-$109,575-$109,575
Office Expenses$52,724$52,253-$104,977
Insurance-$65,948-$65,948
Conferences and Meetings$27,723$2,464-$30,187
Fees for Services Legal-$24,000-$24,000
Other Expenses$16,211$7,621-$16,211
All Other Expenses$7,153$7,316-$14,469
Travel$4,620$2,752-$7,372
Advertising-$3,338-$3,338
Total Functional Expenses$8,658,162$2,194,600$0$10,852,762

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,852,762
Total Expenses per Audited Statements$10,852,762
Total Expenses per Form 990$10,852,762
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
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$10,485,110
Opeb Deferrals$5,085,663
Pension Liability$5,067,190
Accrued Paid Time Off$328,699
Pension Deferrals$43,949
Dipnc Deferrals$9,798
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
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. Compensation is based on comparibility data and perormance.”

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
Stephanie Hall
Title
Secretary
Phone
9194040444
Signed
2022-02-10

Organization Details

Principal Officer
John Broadfoot
Formed
1998
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
158
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/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0805
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0805
IRS990/MissionDesc0OPERATION OF A PUBLIC CHARTER SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010465741
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010177582
IRS990/NetAssetsOrFundBalancesBOYAmt0-14028817
IRS990/NetAssetsOrFundBalancesEOYAmt0-13487149
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt075
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt075
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-14727379
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-13487149
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt083271
IRS990/OccupancyGrp/ProgramServicesAmt0215974
IRS990/OccupancyGrp/TotalAmt0299245
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt052253
IRS990/OfficeExpensesGrp/ProgramServicesAmt052724
IRS990/OfficeExpensesGrp/TotalAmt0104977
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02520270
IRS990/OtherAssetsTotalGrp/EOYAmt03640606
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt042110
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0285044
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0327154
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1SALES & USE TAX
IRS990/OtherExpensesGrp/Desc2NON-CAPITALIZED EQUIPMENT
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt037467
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17621
IRS990/OtherExpensesGrp/ProgramServicesAmt0138743
IRS990/OtherExpensesGrp/ProgramServicesAmt122766
IRS990/OtherExpensesGrp/ProgramServicesAmt216211
IRS990/OtherExpensesGrp/TotalAmt0138743
IRS990/OtherExpensesGrp/TotalAmt137467
IRS990/OtherExpensesGrp/TotalAmt230387
IRS990/OtherExpensesGrp/TotalAmt316211
IRS990/OtherLiabilitiesGrp/BOYAmt020002075
IRS990/OtherLiabilitiesGrp/EOYAmt021020409
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc2RENTAL OF SCHOOL PROPERTY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt037467
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt118140
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt037467
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt118140
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21650
IRS990/OtherRevenueTotalAmt058062
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0515527
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05134474
IRS990/OtherSalariesAndWagesGrp/TotalAmt05650001
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt054352
IRS990/PayrollTaxesGrp/ProgramServicesAmt0363740
IRS990/PayrollTaxesGrp/TotalAmt0418092
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0179863
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01203699
IRS990/PensionPlanContributionsGrp/TotalAmt01383562
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt052636
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0106715
IRS990/PrincipalOfficerNm0JOHN BROADFOOT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc3STUDENT SUPPLY FEE
IRS990/ProgramServiceRevenueGrp/Desc4BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07585854
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13215098
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt225532
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313169
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07585854
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13215098
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt313169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4255
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0444380
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04966
IRS990/PYOtherExpensesAmt02741065
IRS990/PYOtherRevenueAmt057951
IRS990/PYProgramServiceRevenueAmt010509405
IRS990/PYRevenuesLessExpensesAmt0174451
IRS990/PYSalariesCompEmpBnftPaidAmt08101186
IRS990/PYTotalExpensesAmt010842251
IRS990/PYTotalRevenueAmt011016702
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0541668
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt010840068
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0857212
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0857429
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/BookValueAmt08784037
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04951649
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013735686
IRS990ScheduleD/EquipmentGrp/BookValueAmt0399762
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01443593
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01843355
IRS990ScheduleD/ExpensesSubtotalAmt010852762
IRS990ScheduleD/LandGrp/BookValueAmt0620000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0620000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01417282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11011321
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2818643
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3369996
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt418379
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt54985
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET OPEP DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION DEFERRALS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CURRENT YR PENSION CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3OPEB CONTRIBUTIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4NET OPEB ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5DIPNC CONTRIBUTIONS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0223884
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0727094
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0950978
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010485110
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15085663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25067190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3328699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt443949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt59798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED PAID TIME OFF
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PENSION DEFERRALS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5DIPNC DEFERRALS
IRS990ScheduleD/RevenueSubtotalAmt011394430
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010027683
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03640606
IRS990ScheduleD/TotalExpensesPerForm990Amt010852762
IRS990ScheduleD/TotalLiabilityAmt021020409
IRS990ScheduleD/TotalRevenuePerForm990Amt011394430
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011394430
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010852762
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
IRS990/ScheduleJRequiredInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,731,293
Liabilities
$31,218,442
Net assets
-$13,487,149
Revenue
$11,394,430
Expenses
$10,852,762
Net income
$541,668
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
2021Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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