Civic Intelligence

Sugar Creek Charter School Inc.

990 • Fiscal year 2021 • EIN 56-2077708

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 30, 2022

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

80th percentile

0.57x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

71st percentile

0.54x

Higher debt load relative to revenue than 71% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

54th percentile

14%

Higher net margin than 54% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

47th percentile

8.7%

Faster asset growth than 47% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

59th percentile

18%

Faster revenue growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$19,056,263

Up $1,527,791 (+8.7%) from 2020

Net Assets

Up

$8,114,373

Up $2,922,515 (+56%) from 2020

Liabilities

Down

$10,941,890

Down $1,394,724 (-11%) from 2020

Revenue

Up

$20,298,363

Up $3,071,235 (+18%) from 2020

Expenses

Up

$17,375,848

Up $339,202 (+2.0%) from 2020

Net Income

Up

$2,922,515

Up $2,732,033 (+1434%) from 2020

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

2021

Assets$19,056,263
Liabilities$10,941,890
Net Assets$8,114,373

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

2021

Revenue$20,298,363
Expenses$17,375,848
Net Income$2,922,515
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 30, 2022
Return Version
2020v4.1
Gross Receipts
$20,298,363
Mission and Program Overview

Mission

Operate a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,166,055$14,082,019▲ $915,964
Cash and Non-Interest-Bearing Accounts$2,703,379$3,480,349▲ $776,970
Savings and Temporary Cash Investments$391,046$898,083▲ $507,037
Accounts Receivable$1,188,777$386,816▼ $801,961
Prepaid Expenses and Deferred Charges$79,215$208,996▲ $129,781
Total Assets$17,528,472$19,056,263▲ $1,527,791
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,009,757$10,636,683▼ $1,373,074
Accounts Payable and Accrued Expenses$326,857$305,207▼ $21,650
Total Liabilities$12,336,614$10,941,890▼ $1,394,724
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,735,197$4,343,419▲ $608,222
Net Assets Without Donor Restrictions$1,456,661$3,770,954▲ $2,314,293
Total Net Assets Fund Balance$5,191,858$8,114,373▲ $2,922,515
Total Liabilities and Net Assets / Fund Balance$17,528,472$19,056,263▲ $1,527,791

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,970,899$4,771,268$15,742,167
Equipment$120,187$1,809,895$1,930,082
Other Land Buildings$1,498,792$0$1,498,792
Land$1,452,502-$1,452,502
Leasehold Improvements$39,639$30,311$69,950
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl Turner--$156,000$20,000$176,000
Cheryl TurnerSuperintendantFT$156,000-$156,000
Nancy LewisFinance ManagerFT$92,750-$92,750

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$20,133,653
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$164,710
All Other Contributions
$767,600
Change in Net Assets
$2,922,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,298,363
Total Revenue per Audited Statements
$20,298,363
Total Revenue per Form 990
$20,298,363
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,749,949
Other Expenses$4,625,899
Total Fundraising Expense$4,296
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,211,415$1,505,372$0$10,716,787
Payroll Taxes$701,147$122,072$0$823,219
Other Employee Benefits$747,211$28,915$0$776,126
All Other Expenses$456,579$274,410$0$730,989
Depreciation Depletion$4,156$604,224$0$608,380
Office Expenses$367,785$220,772$0$588,557
Interest$0$372,800$0$372,800
Occupancy$0$306,542$0$306,542
Information Technology$259,340$0$0$259,340
Current Officers, Directors, Trustees, and Key Employees$156,000$92,750$0$248,750
Conferences and Meetings$235,048$0$0$235,048
Other Expenses$447$206,187$0$206,634
Pension Plan Contributions$104,808$80,259$0$185,067
Insurance$0$97,132$0$97,132
Advertising$0$44,810$0$44,810
Fees for Services Accounting$0$21,000$0$21,000
Total Functional Expenses$12,536,840$4,834,712$4,296$17,375,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,375,848
Total Expenses per Audited Statements$17,375,848
Total Expenses per Form 990$17,375,848
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 Inc
EIN
56-2077708
Phone
7045095470
Address
4101 N Tryon Street, Charlotte, NC 28206

Signing Officer

Name
Bryan Ives
Title
Chair
Phone
7045095470
Signed
2022-01-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Ives
Formed
1997
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
11
Employees
306
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
IRS990/Form990PartVIISectionAGrp/PersonNm3Garrett McNeill
IRS990/Form990PartVIISectionAGrp/PersonNm4Mike Greene
IRS990/Form990PartVIISectionAGrp/PersonNm5Brian Davies
IRS990/Form990PartVIISectionAGrp/PersonNm6H Bryan Ives
IRS990/Form990PartVIISectionAGrp/PersonNm7Candace W Williams
IRS990/Form990PartVIISectionAGrp/PersonNm8Matthew Tilley
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03770954
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0306542
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt0306542
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0220772
IRS990/OfficeExpensesGrp/ProgramServicesAmt0367785
IRS990/OfficeExpensesGrp/TotalAmt0588557
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028915
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0747211
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0776126
IRS990/OtherExpensesGrp/Desc0Contracted Services
IRS990/OtherExpensesGrp/Desc1Supplies/Books
IRS990/OtherExpensesGrp/Desc2Student Transportation
IRS990/OtherExpensesGrp/Desc3Food Service
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt14296
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0612026
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1126411
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2119030
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3206187
IRS990/OtherExpensesGrp/ProgramServicesAmt0191540
IRS990/OtherExpensesGrp/ProgramServicesAmt1101364
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt3447
IRS990/OtherExpensesGrp/TotalAmt0803566
IRS990/OtherExpensesGrp/TotalAmt1232071
IRS990/OtherExpensesGrp/TotalAmt2119030
IRS990/OtherExpensesGrp/TotalAmt3206634
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0School activities
IRS990/OtherRevenueMiscGrp/Desc1Fundraising
IRS990/OtherRevenueMiscGrp/Desc2Other
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt078011
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt158297
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt228402
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt078011
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt158297
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt228402
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt0164710
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01505372
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt09211415
IRS990/OtherSalariesAndWagesGrp/TotalAmt010716787
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0122072
IRS990/PayrollTaxesGrp/ProgramServicesAmt0701147
IRS990/PayrollTaxesGrp/TotalAmt0823219
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt080259
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0104808
IRS990/PensionPlanContributionsGrp/TotalAmt0185067
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt079215
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0208996
IRS990/PrincipalOfficerNm0Bryan Ives
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Food Services
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt016250163
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt04687945
IRS990/PYOtherRevenueAmt0119484
IRS990/PYProgramServiceRevenueAmt0857481
IRS990/PYRevenuesLessExpensesAmt0190482
IRS990/PYSalariesCompEmpBnftPaidAmt012348701
IRS990/PYTotalExpensesAmt017036646
IRS990/PYTotalRevenueAmt017227128
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02922515
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt020298363
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0391046
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0898083
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt010970899
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04771268
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015742167
IRS990ScheduleD/EquipmentGrp/BookValueAmt0120187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01809895
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01930082
IRS990ScheduleD/ExpensesSubtotalAmt017375848
IRS990ScheduleD/LandGrp/BookValueAmt01452502
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01452502
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt039639
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030311
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt069950
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01498792
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01498792
IRS990ScheduleD/RevenueSubtotalAmt020298363
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014082019
IRS990ScheduleD/TotalExpensesPerForm990Amt017375848
IRS990ScheduleD/TotalRevenuePerForm990Amt020298363
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020298363
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017375848
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

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