Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2016 • EIN 56-2077708

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 25, 2017

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

81st percentile

0.78x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.89x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

53rd percentile

3.0%

Higher net margin than 53% of similar nonprofits.

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

Top Officer Pay

38th percentile

$134,518

Higher top officer pay than 38% of similar nonprofits.

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

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

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

90th percentile

30%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$14,552,508

Up $3,177,438 (+28%) from 2015

Net Assets

Up

$3,258,157

Up $372,944 (+13%) from 2015

Liabilities

Up

$11,294,351

Up $2,804,494 (+33%) from 2015

Revenue

Up

$12,633,493

Up $2,937,817 (+30%) from 2015

Expenses

Up

$12,260,549

Up $2,960,948 (+32%) from 2015

Net Income

Down

$372,944

Down $23,131 (-5.8%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$14,552,508
Liabilities$11,294,351
Net Assets$3,258,157

Operations Trend

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

2016

Revenue$12,633,493
Expenses$12,260,549
Net Income$372,944
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 25, 2017
Return Version
2015v3.0
Gross Receipts
$12,633,493
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,165,171$12,847,324▲ $2,682,153
Cash and Non-Interest-Bearing Accounts$820,576$973,032▲ $152,456
Accounts Receivable$358,444$724,769▲ $366,325
Prepaid Expenses and Deferred Charges$30,879$7,383▼ $23,496
Total Assets$11,375,070$14,552,508▲ $3,177,438
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,433,912$11,244,078▲ $2,810,166
Accounts Payable and Accrued Expenses$25,945$50,273▲ $24,328
Deferred Revenue$30,000--
Total Liabilities$8,489,857$11,294,351▲ $2,804,494
Net Assets / Fund Balance
Unrestricted Net Assets$1,153,954$1,654,910▲ $500,956
Temporarily Rstr Net Assets$1,731,259$1,603,247▼ $128,012
Total Net Assets Fund Balance$2,885,213$3,258,157▲ $372,944
Total Liabilities and Net Assets / Fund Balance$11,375,070$14,552,508▲ $3,177,438

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,544,151$2,214,809-
Land$1,825,444--
Equipment$477,729$1,389,534-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Cheryl TurnerDirector Ex Officio$134,518$134,518
Domina BlountDirector Ex Officio$85,660$85,660

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$12,471,711
Program Service Revenue
$1,002
Investment Income
$0
Other Revenue
$160,780
All Other Contributions
$1,414,511
Change in Net Assets
$372,944

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,633,493
Total Revenue per Audited Statements
$12,633,493
Total Revenue per Form 990
$12,633,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,136,320
Other Expenses$4,124,229
Total Fundraising Expense$28,957
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,991,394$815,254$0$6,806,648
All Other Expenses$526,326$189,105$0$715,431
Payroll Taxes$516,376$73,556$0$589,932
Depreciation Depletion$71,553$479,013$0$550,566
Interest$0$545,601$0$545,601
Other Expenses$0$470,064$0$470,064
Other Employee Benefits$417,225$20,284$0$437,509
Current Officers, Directors, Trustees, and Key Employees$220,178$0$0$220,178
Occupancy$0$184,097$0$184,097
Information Technology$161,182$0$0$161,182
Conferences and Meetings$159,146$0$0$159,146
Office Expenses$70,050$58,245$0$128,295
Insurance$43,617$81,458$0$125,075
Pension Plan Contributions$78,116$3,937$0$82,053
Fees for Services Legal$0$64,990$0$64,990
Advertising$0$27,789$0$27,789
Fees for Services Accounting$0$8,800$0$8,800
Travel$99$0$0$99
Total Functional Expenses$8,569,403$3,662,189$28,957$12,260,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,260,549
Total Expenses per Audited Statements$12,260,549
Total Expenses per Form 990$12,260,549
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
2017-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Franklin Martin
Formed
1997
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
10
Employees
250
Volunteers
12

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 24E

Student Activities 30662. 30662. 0. 0.

Form 990, Part IX, Line 24E

Pupil Transportation 77519. 0. 77519. 0.

Form 990, Part IX, Line 24E

Repairs & Maintenance 110407. 0. 110407. 0.

Form 990, Part IX, Line 24E

Non-capital Equip 496843. 495664. 1179. 0.

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IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt058245
IRS990/OfficeExpensesGrp/ProgramServicesAmt070050
IRS990/OfficeExpensesGrp/TotalAmt0128295
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020284
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0417225
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0437509
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Other
IRS990/OtherExpensesGrp/Desc3Food Service
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt128957
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0503229
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1135266
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21501
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3470064
IRS990/OtherExpensesGrp/ProgramServicesAmt071916
IRS990/OtherExpensesGrp/ProgramServicesAmt1242225
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0575145
IRS990/OtherExpensesGrp/TotalAmt1406448
IRS990/OtherExpensesGrp/TotalAmt21501
IRS990/OtherExpensesGrp/TotalAmt3470064
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0School activities
IRS990/OtherRevenueMiscGrp/Desc1Int. Rate Swap Buyout
IRS990/OtherRevenueMiscGrp/Desc2Others
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0160780
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0160780
IRS990/OtherRevenueTotalAmt0160780
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0815254
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05991394
IRS990/OtherSalariesAndWagesGrp/TotalAmt06806648
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt073556
IRS990/PayrollTaxesGrp/ProgramServicesAmt0516376
IRS990/PayrollTaxesGrp/TotalAmt0589932
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03937
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt078116
IRS990/PensionPlanContributionsGrp/TotalAmt082053
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030879
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07383
IRS990/PrincipalOfficerNm0J FRANKLIN MARTIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01002
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt010106116
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-426758
IRS990/PYOtherExpensesAmt02780777
IRS990/PYOtherRevenueAmt0-24099
IRS990/PYProgramServiceRevenueAmt040417
IRS990/PYRevenuesLessExpensesAmt0396075
IRS990/PYSalariesCompEmpBnftPaidAmt06518824
IRS990/PYTotalExpensesAmt09299601
IRS990/PYTotalRevenueAmt09695676
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0372944
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt012633493
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010544151
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02214809
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt012758960
IRS990ScheduleD/EquipmentGrp/BookValueAmt0477729
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01389534
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01867263
IRS990ScheduleD/ExpensesSubtotalAmt012260549
IRS990ScheduleD/LandGrp/BookValueAmt01825444
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01825444
IRS990ScheduleD/RevenueSubtotalAmt012633493
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012847324
IRS990ScheduleD/TotalExpensesPerForm990Amt012260549
IRS990ScheduleD/TotalRevenuePerForm990Amt012633493
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012633493
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012260549
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 30662. 30662. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Pupil Transportation 77519. 0. 77519. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Repairs & Maintenance 110407. 0. 110407. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Non-capital Equip 496843. 495664. 1179. 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false

Document Assets

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Filings

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
Peer Organizations

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