Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2018 • EIN 56-2077708

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 30, 2019

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

0.68x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

74th percentile

0.70x

Higher debt load relative to revenue than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

57th percentile

5.1%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

53rd percentile

2.6%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

53rd percentile

5.0%

Faster revenue growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$15,598,606

Up $392,009 (+2.6%) from 2017

Net Assets

Up

$4,976,293

Up $777,249 (+19%) from 2017

Liabilities

Down

$10,622,313

Down $385,240 (-3.5%) from 2017

Revenue

Up

$15,151,166

Up $722,672 (+5.0%) from 2017

Expenses

Up

$14,373,917

Up $886,310 (+6.6%) from 2017

Net Income

Down

$777,249

Down $163,638 (-17%) from 2017

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

2018

Assets$15,598,606
Liabilities$10,622,313
Net Assets$4,976,293

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

2018

Revenue$15,151,166
Expenses$14,373,917
Net Income$777,249
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 30, 2019
Return Version
2017v2.2
Gross Receipts
$15,151,166
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,891,436$12,716,649▼ $174,787
Cash and Non-Interest-Bearing Accounts$1,908,581$2,331,201▲ $422,620
Savings and Temporary Cash Investments$317,878$334,848▲ $16,970
Accounts Receivable$79,226$157,923▲ $78,697
Prepaid Expenses and Deferred Charges$9,476$57,985▲ $48,509
Total Assets$15,206,597$15,598,606▲ $392,009
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,808,082$10,403,038▼ $405,044
Accounts Payable and Accrued Expenses$199,471$149,275▼ $50,196
Deferred Revenue-$70,000-
Total Liabilities$11,007,553$10,622,313▼ $385,240
Net Assets / Fund Balance
Unrestricted Net Assets$1,797,812$2,327,834▲ $530,022
Temporarily Rstr Net Assets$2,401,232$2,313,611▼ $87,621
Permanently Rstr Net Assets-$334,848-
Total Net Assets Fund Balance$4,199,044$4,976,293▲ $777,249
Total Liabilities and Net Assets / Fund Balance$15,206,597$15,598,606▲ $392,009

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,624,491$3,174,285$13,798,776
Equipment$281,318$1,659,411$1,940,729
Land$1,810,840-$1,810,840
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl TurnerExecutive DirectorFT$132,078$132,078
Nancy LewisBusiness ManagerFT$71,832$71,832

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$13,805,116
Program Service Revenue
$991,795
Investment Income
$0
Other Revenue
$354,255
All Other Contributions
$297,306
Change in Net Assets
$777,249

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,151,166
Total Revenue per Audited Statements
$15,151,166
Total Revenue per Form 990
$15,151,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,216,539
Other Expenses$4,157,378
Total Fundraising Expense$41,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,320,383$1,331,304$0$8,651,687
All Other Expenses$214,059$470,250$0$684,309
Payroll Taxes$563,753$104,751$0$668,504
Depreciation Depletion$31,007$575,257$0$606,264
Other Employee Benefits$542,124$28,537$0$570,661
Interest$0$526,188$0$526,188
Other Expenses$102$479,502$0$479,604
Conferences and Meetings$228,539$0$0$228,539
Occupancy$0$209,263$0$209,263
Current Officers, Directors, Trustees, and Key Employees$203,910$0$0$203,910
Office Expenses$137,760$52,948$0$190,708
Pension Plan Contributions$113,556$8,221$0$121,777
Insurance$0$92,764$0$92,764
Information Technology$92,107$0$0$92,107
Advertising$0$23,108$0$23,108
Fees for Services Accounting$0$8,800$0$8,800
Travel$4,380$123$0$4,503
Fees for Services Legal$0$1,720$0$1,720
Total Functional Expenses$9,863,633$4,468,644$41,640$14,373,917

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,373,917
Total Expenses per Audited Statements$14,373,917
Total Expenses per Form 990$14,373,917
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
2019-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Franklin Martin
Formed
1997
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
311
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

Employee Education 6399. 6399. 0. 0.

Form 990, Part IX, Line 24E

Pupil Transportation 117106. 0. 117106. 0.

Form 990, Part IX, Line 24E

Repairs & Maintenance 291719. 0. 291719. 0.

Form 990, Part IX, Line 24E

Non-capital Equip 143669. 143669. 0. 0.

Form 990, Part IX, Line 24E

Other 125416. 63991. 61425. 0.

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IRS990/LandBldgEquipCostOrOtherBssAmt017550345
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operate a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010808082
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010403038
IRS990/NetAssetsOrFundBalancesBOYAmt04199044
IRS990/NetAssetsOrFundBalancesEOYAmt04976293
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0209263
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0209263
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt052948
IRS990/OfficeExpensesGrp/ProgramServicesAmt0137760
IRS990/OfficeExpensesGrp/TotalAmt0190708
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028537
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0542124
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0570661
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Supplies/Books
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Food Service
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt141640
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0470637
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt185271
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3479502
IRS990/OtherExpensesGrp/ProgramServicesAmt0178053
IRS990/OtherExpensesGrp/ProgramServicesAmt1225071
IRS990/OtherExpensesGrp/ProgramServicesAmt28829
IRS990/OtherExpensesGrp/ProgramServicesAmt3102
IRS990/OtherExpensesGrp/TotalAmt0648690
IRS990/OtherExpensesGrp/TotalAmt1351982
IRS990/OtherExpensesGrp/TotalAmt28829
IRS990/OtherExpensesGrp/TotalAmt3479604
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0School activities
IRS990/OtherRevenueMiscGrp/Desc1Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0240462
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1113793
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0240462
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1113793
IRS990/OtherRevenueTotalAmt0354255
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01331304
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07320383
IRS990/OtherSalariesAndWagesGrp/TotalAmt08651687
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0104751
IRS990/PayrollTaxesGrp/ProgramServicesAmt0563753
IRS990/PayrollTaxesGrp/TotalAmt0668504
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08221
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0113556
IRS990/PensionPlanContributionsGrp/TotalAmt0121777
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0334848
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09476
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt057985
IRS990/PrincipalOfficerNm0J FRANKLIN MARTIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0991795
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt014299539
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt04459172
IRS990/PYOtherRevenueAmt075622
IRS990/PYProgramServiceRevenueAmt053333
IRS990/PYRevenuesLessExpensesAmt0940887
IRS990/PYSalariesCompEmpBnftPaidAmt09028435
IRS990/PYTotalExpensesAmt013487607
IRS990/PYTotalRevenueAmt014428494
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0777249
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015151166
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0317878
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334848
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010624491
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03174285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013798776
IRS990ScheduleD/EquipmentGrp/BookValueAmt0281318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01659411
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01940729
IRS990ScheduleD/ExpensesSubtotalAmt014373917
IRS990ScheduleD/LandGrp/BookValueAmt01810840
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01810840
IRS990ScheduleD/RevenueSubtotalAmt015151166
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012716649
IRS990ScheduleD/TotalExpensesPerForm990Amt014373917
IRS990ScheduleD/TotalRevenuePerForm990Amt015151166
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015151166
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014373917
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.

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