Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2015 • EIN 56-2077708

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 11, 2016

Organization ProfileN/A

View Organization Page

4101 N Tryon StreetCharlotte, NC 28206

(704) 509-5470

Siviq Scores

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

Liabilities / Assets

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

77th percentile

0.88x

Higher debt load relative to revenue than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

54th percentile

4.1%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

89th percentile

26%

Faster asset growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

76th percentile

16%

Faster revenue growth than 76% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$11,375,070

Up $2,359,540 (+26%) from 2014

Net Assets

Up

$2,885,213

Up $836,478 (+41%) from 2014

Liabilities

Up

$8,489,857

Up $1,523,062 (+22%) from 2014

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin54th percentile

Revenue

Up

$9,695,676

Up $1,328,228 (+16%) from 2014

Expenses

Up

$9,299,601

Up $1,018,938 (+12%) from 2014

Net Income

Up

$396,075

Up $309,290 (+356%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$30M$20M$10M$0Assets 2011: $7,480,833Liabilities 2011: $5,498,150Net Assets 2011: $1,982,6832011Assets 2012: $7,826,095Liabilities 2012: $5,669,783Net Assets 2012: $2,156,3122012Assets 2013: $8,319,043Liabilities 2013: $6,357,093Net Assets 2013: $1,961,9502013Assets 2014: $9,015,530Liabilities 2014: $6,966,795Net Assets 2014: $2,048,7352014Assets 2015: $11,375,070Liabilities 2015: $8,489,857Net Assets 2015: $2,885,2132015Assets 2016: $14,552,508Liabilities 2016: $11,294,351Net Assets 2016: $3,258,1572016Assets 2017: $15,206,597Liabilities 2017: $11,007,553Net Assets 2017: $4,199,0442017Assets 2018: $15,598,606Liabilities 2018: $10,622,313Net Assets 2018: $4,976,2932018Assets 2019: $15,395,083Liabilities 2019: $10,393,707Net Assets 2019: $5,001,3762019Assets 2020: $17,528,472Liabilities 2020: $12,336,614Net Assets 2020: $5,191,8582020Assets 2021: $19,056,263Liabilities 2021: $10,941,890Net Assets 2021: $8,114,3732021Assets 2022: $29,486,928Liabilities 2022: $19,559,386Net Assets 2022: $9,927,5422022Assets 2023: $27,469,790Liabilities 2023: $19,124,598Net Assets 2023: $8,345,1922023Assets 2024: $25,759,954Liabilities 2024: $18,466,436Net Assets 2024: $7,293,5182024

Highlighted filing

2015

Assets$11,375,070
Liabilities$8,489,857
Net Assets$2,885,213
Open 2015 Filing

Operations Trend

Revenue Growth76th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $6,219,796Expenses 2011: $6,315,297Net Income 2011: -$95,5012011Revenue 2012: $6,628,487Expenses 2012: $6,454,858Net Income 2012: $173,6292012Revenue 2013: $7,707,926Expenses 2013: $7,789,823Net Income 2013: -$81,8972013Revenue 2014: $8,367,448Expenses 2014: $8,280,663Net Income 2014: $86,7852014Revenue 2015: $9,695,676Expenses 2015: $9,299,601Net Income 2015: $396,0752015Revenue 2016: $12,633,493Expenses 2016: $12,260,549Net Income 2016: $372,9442016Revenue 2017: $14,428,494Expenses 2017: $13,487,607Net Income 2017: $940,8872017Revenue 2018: $15,151,166Expenses 2018: $14,373,917Net Income 2018: $777,2492018Revenue 2019: $15,648,280Expenses 2019: $15,623,197Net Income 2019: $25,0832019Revenue 2020: $17,227,128Expenses 2020: $17,036,646Net Income 2020: $190,4822020Revenue 2021: $20,298,363Expenses 2021: $17,375,848Net Income 2021: $2,922,5152021Revenue 2022: $22,844,199Expenses 2022: $21,031,030Net Income 2022: $1,813,1692022Revenue 2023: $21,064,357Expenses 2023: $22,646,707Net Income 2023: -$1,582,3502023Revenue 2024: $21,197,965Expenses 2024: $22,249,639Net Income 2024: -$1,051,6742024

Highlighted filing

2015

Revenue$9,695,676
Expenses$9,299,601
Net Income$396,075
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 11, 2016
Return Version
2014v6.0
Gross Receipts
$10,122,434
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,809,938$10,165,171▲ $1,355,233
Cash and Non-Interest-Bearing Accounts$315,052$820,576▲ $505,524
Accounts Receivable$313,558$358,444▲ $44,886
Prepaid Expenses and Deferred Charges$17,383$30,879▲ $13,496
Total Assets$9,455,931$11,375,070▲ $1,919,139
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,915,864$8,433,912▲ $6,518,048
Tax Exempt Bond Liabilities$4,674,996--
Deferred Revenue$78,875$30,000▼ $48,875
Accounts Payable and Accrued Expenses$297,058$25,945▼ $271,113
Total Liabilities$6,966,793$8,489,857▲ $1,523,064
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,219,078$1,731,259▼ $487,819
Unrestricted Net Assets$270,060$1,153,954▲ $883,894
Total Net Assets Fund Balance$2,489,138$2,885,213▲ $396,075
Total Liabilities and Net Assets / Fund Balance$9,455,931$11,375,070▲ $1,919,139

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,290,311$1,837,915$8,128,226
Land$3,262,499-$3,262,499
Equipment$612,361$1,472,595$2,084,956
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
J Franklin MartinChair
Scott a StoverVice Chair
Charles EastDirector
Domina BlountDirector
Donald ThompsonDirector
Herbert L HarrissDirector
Malcolm GrantDirector
Tom Van PoperingDirector
Vernon SumterDirector
Whitni WertzDirector
Richard L BovardSec./Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,106,116
Program Service Revenue
$40,417
Investment Income
$-426,758
Other Revenue
$-24,099
All Other Contributions
$475,402
Change in Net Assets
$396,075

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,695,676
Total Revenue per Audited Statements
$9,695,676
Total Revenue per Form 990
$9,695,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,518,824
Other Expenses$2,780,777
Total Fundraising Expense$12,838
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,149,157$434,784$0$5,583,941
All Other Expenses$220,832$414,122$0$634,954
Payroll Taxes$431,635$41,351$0$472,986
Depreciation Depletion$122,831$349,543$0$472,374
Other Expenses$454,814$0$0$454,814
Other Employee Benefits$383,628$3,192$0$386,820
Interest$0$238,091$0$238,091
Office Expenses$41,104$129,894$0$170,998
Occupancy$14,230$137,123$0$151,353
Information Technology$81,932$0$0$81,932
Pension Plan Contributions$72,370$2,707$0$75,077
Conferences and Meetings$74,824$0$0$74,824
Advertising$0$29,316$0$29,316
Insurance$0$10,811$0$10,811
Fees for Services Accounting$0$8,800$0$8,800
Fees for Services Legal$0$7,739$0$7,739
Total Functional Expenses$7,352,951$1,933,812$12,838$9,299,601

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,299,601
Total Expenses per Audited Statements$9,299,601
Total Expenses per Form 990$9,299,601
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
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
Sugar Creek Charter School
EIN
56-2077708
Phone
7045095470
Address
4101 N Tryon Street, Charlotte, NC 28206

Signing Officer

Name
J Franklin Martin
Title
Chair
Phone
7045095470
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Major
Formed
1997
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
198
Volunteers
2

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

“Board reviews 990 prior to filing.”

Pt VI, Line 12C

“Conflict of Interest statement 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 24F

“Student activities 1980. 1980. 0. 0. Pupil transportation 128718. 0. 128718. 0. Repairs & maintenance 274374. 0. 274374. 0. Non-capital equip 229882. 218852. 11030. 0.”

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IRS990/OtherSalariesAndWagesGrp/TotalAmt05583941
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041351
IRS990/PayrollTaxesGrp/ProgramServicesAmt0431635
IRS990/PayrollTaxesGrp/TotalAmt0472986
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02707
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt072370
IRS990/PensionPlanContributionsGrp/TotalAmt075077
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017383
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030879
IRS990/PrincipalOfficerNm0BRUCE MAJOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt040417
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08242352
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt062
IRS990/PYOtherExpensesAmt02382382
IRS990/PYOtherRevenueAmt0100182
IRS990/PYProgramServiceRevenueAmt024852
IRS990/PYRevenuesLessExpensesAmt086785
IRS990/PYSalariesCompEmpBnftPaidAmt05898281
IRS990/PYTotalExpensesAmt08280663
IRS990/PYTotalRevenueAmt08367448
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0396075
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt09695676
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt06290311
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01837915
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08128226
IRS990ScheduleD/EquipmentGrp/BookValueAmt0612361
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01472595
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02084956
IRS990ScheduleD/ExpensesSubtotalAmt09299601
IRS990ScheduleD/LandGrp/BookValueAmt03262499
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03262499
IRS990ScheduleD/RevenueSubtotalAmt09695676
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010165171
IRS990ScheduleD/TotalExpensesPerForm990Amt09299601
IRS990ScheduleD/TotalRevenuePerForm990Amt09695676
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09695676
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09299601
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/ExplanationTxt0INCLUDED IN ALL ADVERTISEMENTS, BROCHURES AND SCHOOL APPLICATIONS. N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board reviews 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statement signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STUDENT ACTIVITIES 1980. 1980. 0. 0. PUPIL TRANSPORTATION 128718. 0. 128718. 0. REPAIRS & MAINTENANCE 274374. 0. 274374. 0. NON-CAPITAL EQUIP 229882. 218852. 11030. 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 24f
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt04674996
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02219078
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01731259
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09455931
IRS990/TotalAssetsEOYAmt011375070
IRS990/TotalAssetsGrp/BOYAmt09455931
IRS990/TotalAssetsGrp/EOYAmt011375070
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010106116
IRS990/TotalEmployeeCnt0198
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012838
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01933812
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07352951
IRS990/TotalFunctionalExpensesGrp/TotalAmt09299601
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06966793
IRS990/TotalLiabilitiesEOYAmt08489857
IRS990/TotalLiabilitiesGrp/BOYAmt06966793
IRS990/TotalLiabilitiesGrp/EOYAmt08489857
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02489138
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02885213
IRS990/TotalProgramServiceExpensesAmt07352951
IRS990/TotalProgramServiceRevenueAmt040417
IRS990/TotalRevenueGrp/ExclusionAmt0-542727
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0132287
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09695676
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09455931
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011375070
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0270060
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01153954
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04101 N Tryon
IRS990/USAddress/CityNm0Charlotte
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028206

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,375,070
Liabilities
$8,489,857
Net assets
$2,885,213
Revenue
$9,695,676
Expenses
$9,299,601
Net income
$396,075
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.8$18.5$7.29$21.2$22.2$1.05
2023Detailed filing. Detailed filing data is available for this year.$27.5$19.1$8.35$21.1$22.6$1.58
2022Detailed filing. Detailed filing data is available for this year.$29.5$19.6$9.93$22.8$21.0$1.81
2021Detailed filing. Detailed filing data is available for this year.$19.1$10.9$8.11$20.3$17.4$2.92
2020Detailed filing. Detailed filing data is available for this year.$17.5$12.3$5.19$17.2$17.0$0.19
2019Detailed filing. Detailed filing data is available for this year.$15.4$10.4$5.00$15.6$15.6$0.03
2018Detailed filing. Detailed filing data is available for this year.$15.6$10.6$4.98$15.2$14.4$0.78
2017Detailed filing. Detailed filing data is available for this year.$15.2$11.0$4.20$14.4$13.5$0.94
2016Detailed filing. Detailed filing data is available for this year.$14.6$11.3$3.26$12.6$12.3$0.37
2015Detailed filing. Detailed filing data is available for this year.$11.4$8.49$2.89$9.70$9.30$0.40
2014Summary only. Only limited summary data is available for this year.$9.02$6.97$2.05$8.37$8.28$0.09
2013Summary only. Only limited summary data is available for this year.$8.32$6.36$1.96$7.71$7.79$0.08
2012Summary only. Only limited summary data is available for this year.$7.83$5.67$2.16$6.63$6.45$0.17
2011Summary only. Only limited summary data is available for this year.$7.48$5.50$1.98$6.22$6.32$0.10