Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2020 • EIN 56-2077708

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 25, 2021

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

0.70x

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

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.72x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

41st percentile

1.1%

Higher net margin than 41% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$158,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

67th percentile

10%

Faster revenue growth than 67% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Assets

Up

$17,528,472

Up $2,133,389 (+14%) from 2019

Net Assets

Up

$5,191,858

Up $190,482 (+3.8%) from 2019

Liabilities

Up

$12,336,614

Up $1,942,907 (+19%) from 2019

Revenue

Up

$17,227,128

Up $1,578,848 (+10%) from 2019

Expenses

Up

$17,036,646

Up $1,413,449 (+9.0%) from 2019

Net Income

Up

$190,482

Up $165,399 (+659%) from 2019

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

2020

Assets$17,528,472
Liabilities$12,336,614
Net Assets$5,191,858

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

2020

Revenue$17,227,128
Expenses$17,036,646
Net Income$190,482
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 25, 2021
Return Version
2019v5.1
Gross Receipts
$17,227,128
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,350,703$13,166,055▼ $184,648
Cash and Non-Interest-Bearing Accounts$1,567,499$2,703,379▲ $1,135,880
Accounts Receivable$130,206$1,188,777▲ $1,058,571
Savings and Temporary Cash Investments$342,014$391,046▲ $49,032
Prepaid Expenses and Deferred Charges$4,661$79,215▲ $74,554
Total Assets$15,395,083$17,528,472▲ $2,133,389
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,168,886$12,009,757▲ $1,840,871
Accounts Payable and Accrued Expenses$224,821$326,857▲ $102,036
Deferred Revenue$0--
Total Liabilities$10,393,707$12,336,614▲ $1,942,907
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,523,831$3,735,197▲ $211,366
Net Assets Without Donor Restrictions$1,477,545$1,456,661▼ $20,884
Total Net Assets Fund Balance$5,001,376$5,191,858▲ $190,482
Total Liabilities and Net Assets / Fund Balance$15,395,083$17,528,472▲ $2,133,389

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,489,039$4,218,128$15,707,167
Equipment$154,768$1,818,138$1,972,906
Land$1,477,946-$1,477,946
Leasehold Improvements$44,302$25,648$69,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl Turner--$158,000$20,000$178,000
Cheryl TurnerSuperintendantFT$158,000-$158,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$16,250,163
Program Service Revenue
$857,481
Investment Income
$0
Other Revenue
$119,484
All Other Contributions
$417,359
Change in Net Assets
$190,482

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,227,128
Total Revenue per Audited Statements
$17,227,128
Total Revenue per Form 990
$17,227,128
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,348,701
Other Expenses$4,687,945
Total Fundraising Expense$11,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,897,586$1,629,184$0$10,526,770
Payroll Taxes$683,006$127,193$0$810,199
All Other Expenses$485,158$303,570$0$788,728
Other Employee Benefits$692,636$30,605$0$723,241
Depreciation Depletion$562,759$59,812$0$622,571
Interest$0$543,435$0$543,435
Other Expenses$1,096$426,977$0$428,073
Office Expenses$337,360$58,523$0$395,883
Occupancy$0$277,811$0$277,811
Current Officers, Directors, Trustees, and Key Employees$158,000$0$0$158,000
Conferences and Meetings$135,219$0$0$135,219
Information Technology$131,012$0$0$131,012
Pension Plan Contributions$114,191$16,300$0$130,491
Insurance$0$90,568$0$90,568
Advertising$0$17,692$0$17,692
Fees for Services Accounting$0$17,000$0$17,000
Travel$5,355$0$0$5,355
Fees for Services Legal$0$1,099$0$1,099
Total Functional Expenses$12,660,444$4,364,343$11,859$17,036,646

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,036,646
Total Expenses per Audited Statements$17,036,646
Total Expenses per Form 990$17,036,646
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 35% controlled entity
No
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
Bryan Ives
Title
Chair
Phone
7045095470
Signed
2021-02-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Ives
Formed
1997
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
328
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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Christian Robinson
IRS990/Form990PartVIISectionAGrp/PersonNm2Anthony Daise
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IRS990/Form990PartVIISectionAGrp/PersonNm10Charles East
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operate a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010168886
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012009757
IRS990/NetAssetsOrFundBalancesBOYAmt05001376
IRS990/NetAssetsOrFundBalancesEOYAmt05191858
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01477545
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01456661
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0277811
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0277811
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt058523
IRS990/OfficeExpensesGrp/ProgramServicesAmt0337360
IRS990/OfficeExpensesGrp/TotalAmt0395883
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030605
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0692636
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0723241
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Supplies/Books
IRS990/OtherExpensesGrp/Desc2Field Trips
IRS990/OtherExpensesGrp/Desc3Food Service
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt111859
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0637704
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1126870
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3426977
IRS990/OtherExpensesGrp/ProgramServicesAmt0131856
IRS990/OtherExpensesGrp/ProgramServicesAmt1299950
IRS990/OtherExpensesGrp/ProgramServicesAmt225260
IRS990/OtherExpensesGrp/ProgramServicesAmt31096
IRS990/OtherExpensesGrp/TotalAmt0769560
IRS990/OtherExpensesGrp/TotalAmt1438679
IRS990/OtherExpensesGrp/TotalAmt225260
IRS990/OtherExpensesGrp/TotalAmt3428073
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0School activities
IRS990/OtherRevenueMiscGrp/Desc1Other
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt069945
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt149539
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt069945
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt149539
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueTotalAmt0119484
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01629184
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08897586
IRS990/OtherSalariesAndWagesGrp/TotalAmt010526770
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0127193
IRS990/PayrollTaxesGrp/ProgramServicesAmt0683006
IRS990/PayrollTaxesGrp/TotalAmt0810199
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016300
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114191
IRS990/PensionPlanContributionsGrp/TotalAmt0130491
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04661
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079215
IRS990/PrincipalOfficerNm0Bryan Ives
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0857481
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014674455
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt04365398
IRS990/PYOtherRevenueAmt0149481
IRS990/PYProgramServiceRevenueAmt0824344
IRS990/PYRevenuesLessExpensesAmt025083
IRS990/PYSalariesCompEmpBnftPaidAmt011257799
IRS990/PYTotalExpensesAmt015623197
IRS990/PYTotalRevenueAmt015648280
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0190482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt017227128
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0342014
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0391046
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt011489039
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04218128
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015707167
IRS990ScheduleD/EquipmentGrp/BookValueAmt0154768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01818138
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01972906
IRS990ScheduleD/ExpensesSubtotalAmt017036646
IRS990ScheduleD/LandGrp/BookValueAmt01477946
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01477946
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt044302
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025648
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069950
IRS990ScheduleD/RevenueSubtotalAmt017227128
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013166055
IRS990ScheduleD/TotalExpensesPerForm990Amt017036646
IRS990ScheduleD/TotalRevenuePerForm990Amt017227128
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017227128
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017036646
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

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