Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2019 • EIN 56-2077708

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

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

74th percentile

0.68x

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

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

Liabilities / Revenue

69th percentile

0.66x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

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

Top Officer Pay

49th percentile

$158,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

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

Asset Growth

31st percentile

-1.3%

Faster asset growth than 31% of similar nonprofits.

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

Revenue Growth

45th percentile

3.3%

Faster revenue growth than 45% of similar nonprofits.

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

Assets

Down

$15,395,083

Down $203,523 (-1.3%) from 2018

Net Assets

Up

$5,001,376

Up $25,083 (+0.5%) from 2018

Liabilities

Down

$10,393,707

Down $228,606 (-2.2%) from 2018

Revenue

Up

$15,648,280

Up $497,114 (+3.3%) from 2018

Expenses

Up

$15,623,197

Up $1,249,280 (+8.7%) from 2018

Net Income

Down

$25,083

Down $752,166 (-97%) from 2018

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

2019

Assets$15,395,083
Liabilities$10,393,707
Net Assets$5,001,376

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

2019

Revenue$15,648,280
Expenses$15,623,197
Net Income$25,083
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 31, 2020
Return Version
2018v3.1
Gross Receipts
$15,648,280
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,716,649$13,350,703▲ $634,054
Cash and Non-Interest-Bearing Accounts$2,331,201$1,567,499▼ $763,702
Savings and Temporary Cash Investments$334,848$342,014▲ $7,166
Accounts Receivable$157,923$130,206▼ $27,717
Prepaid Expenses and Deferred Charges$57,985$4,661▼ $53,324
Total Assets$15,598,606$15,395,083▼ $203,523
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,403,038$10,168,886▼ $234,152
Accounts Payable and Accrued Expenses$149,275$224,821▲ $75,546
Deferred Revenue$70,000$0▼ $70,000
Total Liabilities$10,622,313$10,393,707▼ $228,606
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,313,611$3,181,817▲ $868,206
Unrestricted Net Assets$2,327,834$1,477,545▼ $850,289
Permanently Rstr Net Assets$334,848$342,014▲ $7,166
Total Net Assets Fund Balance$4,976,293$5,001,376▲ $25,083
Total Liabilities and Net Assets / Fund Balance$15,598,606$15,395,083▼ $203,523

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,725,271$3,692,544$15,417,815
Equipment$193,930$1,746,799$1,940,729
Land$1,431,502-$1,431,502
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cheryl TurnerExecutive DirectorFT$158,000$158,000
Cheryl Turner--$158,000$158,000
Gernavia LeveretteMiddle School PrincipalFT$40,676$40,676
Richard RussellElementary PrincipalFT$40,676$40,676

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$14,674,455
Program Service Revenue
$824,344
Investment Income
$0
Other Revenue
$149,481
All Other Contributions
$343,041
Change in Net Assets
$25,083

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,648,280
Total Revenue per Audited Statements
$15,648,280
Total Revenue per Form 990
$15,648,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,257,799
Other Expenses$4,365,398
Total Fundraising Expense$39,311
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,973,018$1,542,354$0$9,515,372
All Other Expenses$395,608$415,211$0$810,819
Payroll Taxes$629,827$120,082$0$749,909
Depreciation Depletion$18,620$588,027$0$606,647
Other Employee Benefits$563,189$35,589$0$598,778
Interest$0$501,471$0$501,471
Other Expenses$65,560$430,403$0$495,963
Current Officers, Directors, Trustees, and Key Employees$160,352$79,000$0$239,352
Occupancy$8,586$211,769$0$220,355
Office Expenses$105,525$57,990$0$163,515
Conferences and Meetings$162,845$0$0$162,845
Pension Plan Contributions$141,326$13,062$0$154,388
Information Technology$105,949$0$0$105,949
Insurance$0$92,438$0$92,438
Advertising$0$19,899$0$19,899
Fees for Services Accounting$0$19,425$0$19,425
Fees for Services Legal$0$12,774$0$12,774
Travel$1,474$0$0$1,474
Total Functional Expenses$10,689,477$4,894,409$39,311$15,623,197

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,623,197
Total Expenses per Audited Statements$15,623,197
Total Expenses per Form 990$15,623,197
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
2020-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Franklin Martin
Formed
1997
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
343
Volunteers
14

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 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Pupil Transportation 266810. 0. 266810. 0.

Form 990, Part IX, Line 24E

Repairs & Maintenance 133055. 0. 133055. 0.

Form 990, Part IX, Line 24E

Non-capital Equip 351487. 336141. 15346. 0.

Form 990, Part IX, Line 24E

Other 59467. 59467. 0. 0.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6V Chair
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Elementary Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Middle School Principal
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GovernmentGrantsAmt014331414
IRS990/GrantAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt00
IRS990/InformationTechnologyGrp/ProgramServicesAmt0105949
IRS990/InformationTechnologyGrp/TotalAmt0105949
IRS990/InsuranceGrp/FundraisingAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt092438
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt092438
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0501471
IRS990/InterestGrp/ProgramServicesAmt00
IRS990/InterestGrp/TotalAmt0501471
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05439343
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012716649
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013350703
IRS990/LandBldgEquipCostOrOtherBssAmt018790046
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/BOYAmt010403038
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010168886
IRS990/NetAssetsOrFundBalancesBOYAmt04976293
IRS990/NetAssetsOrFundBalancesEOYAmt05001376
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0211769
IRS990/OccupancyGrp/ProgramServicesAmt08586
IRS990/OccupancyGrp/TotalAmt0220355
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt057990
IRS990/OfficeExpensesGrp/ProgramServicesAmt0105525
IRS990/OfficeExpensesGrp/TotalAmt0163515
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035589
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0563189
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0598778
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Supplies/Books
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Food Service
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IRS990/OtherExpensesGrp/FundraisingAmt139311
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0660027
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt194888
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt0125709
IRS990/OtherExpensesGrp/ProgramServicesAmt1211332
IRS990/OtherExpensesGrp/ProgramServicesAmt220557
IRS990/OtherExpensesGrp/ProgramServicesAmt365560
IRS990/OtherExpensesGrp/TotalAmt0785736
IRS990/OtherExpensesGrp/TotalAmt1345531
IRS990/OtherExpensesGrp/TotalAmt220557
IRS990/OtherExpensesGrp/TotalAmt3495963
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0School activities
IRS990/OtherRevenueMiscGrp/Desc1Other
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IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt065775
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt183706
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt065775
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt183706
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01542354
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt07973018
IRS990/OtherSalariesAndWagesGrp/TotalAmt09515372
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0120082
IRS990/PayrollTaxesGrp/ProgramServicesAmt0629827
IRS990/PayrollTaxesGrp/TotalAmt0749909
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013062
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0141326
IRS990/PensionPlanContributionsGrp/TotalAmt0154388
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0334848
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0342014
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057985
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04661
IRS990/PrincipalOfficerNm0J Franklin Martin
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0824344
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013805116
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt04157378
IRS990/PYOtherRevenueAmt0354255
IRS990/PYProgramServiceRevenueAmt0991795
IRS990/PYRevenuesLessExpensesAmt0777249
IRS990/PYSalariesCompEmpBnftPaidAmt010216539
IRS990/PYTotalExpensesAmt014373917
IRS990/PYTotalRevenueAmt015151166
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt025083
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt015648280
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0334848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0342014
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011725271
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03692544
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015417815
IRS990ScheduleD/EquipmentGrp/BookValueAmt0193930
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01746799

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