Civic Intelligence

Bear Grass Charter School Inc.

EIN 56-2079581 • 501(c)3 • Williamston, NC

Pub. 78 EligibleNTEE B99Z

Profile

The mission of bear grass charter school is to enhance the quality of life of all students by ensuring they possess the competencies to achieve success in a technological world. Bear grass charter school will prepare students to enter and become successful in a diverse and technological society.

PO Box 869Williamston, NC 27889

www.beargrasscharter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

42nd percentile

1.4%

Higher net margin than 42% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

31st percentile

-0.7%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.3%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,955,441

Down $20,514 (-0.7%) from 2023

Liabilities

Down

$42,479

Down $45,623 (-52%) from 2023

Net Assets

Up

$2,912,962

Up $25,109 (+0.9%) from 2023

Revenue

Up

$5,372,338

Up $219,103 (+4.3%) from 2023

Expenses

Up

$5,297,745

Up $615,781 (+13%) from 2023

Net Income

Down

$74,593

Down $396,678 (-84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $144,176Liabilities 2013: $272,512Net Assets 2013: -$128,3362013Assets 2014: $336,099Liabilities 2014: $393,474Net Assets 2014: -$57,3752014Assets 2015: $405,289Liabilities 2015: $248,075Net Assets 2015: $157,2142015Assets 2016: $880,933Liabilities 2016: $442,476Net Assets 2016: $438,4572016Assets 2017: $991,853Liabilities 2017: $205,849Net Assets 2017: $786,0042017Assets 2018: $1,220,567Liabilities 2018: $246,924Net Assets 2018: $973,6432018Assets 2019: $1,476,141Liabilities 2019: $53,653Net Assets 2019: $1,422,4882019Assets 2020: $1,608,432Liabilities 2020: $26,909Net Assets 2020: $1,581,5232020Assets 2021: $1,967,231Liabilities 2021: $65,886Net Assets 2021: $1,901,3452021Assets 2022: $2,470,310Liabilities 2022: $53,673Net Assets 2022: $2,416,6372022Assets 2023: $2,975,955Liabilities 2023: $88,102Net Assets 2023: $2,887,8532023Assets 2024: $2,955,441Liabilities 2024: $42,479Net Assets 2024: $2,912,9622024

Highlighted filing

2024

Assets$2,955,441
Liabilities$42,479
Net Assets$2,912,962

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $2,610,725Expenses 2013: $2,739,061Net Income 2013: -$128,3362013Revenue 2014: $2,573,973Expenses 2014: $2,503,012Net Income 2014: $70,9612014Revenue 2015: $2,894,357Expenses 2015: $2,679,768Net Income 2015: $214,5892015Revenue 2016: $3,151,238Expenses 2016: $2,869,995Net Income 2016: $281,2432016Revenue 2017: $3,455,747Expenses 2017: $3,108,200Net Income 2017: $347,5472017Revenue 2018: $3,803,250Expenses 2018: $3,615,611Net Income 2018: $187,6392018Revenue 2019: $4,214,790Expenses 2019: $3,765,945Net Income 2019: $448,8452019Revenue 2020: $4,188,474Expenses 2020: $4,029,439Net Income 2020: $159,0352020Revenue 2021: $4,455,819Expenses 2021: $4,135,997Net Income 2021: $319,8222021Revenue 2022: $4,953,089Expenses 2022: $4,432,275Net Income 2022: $520,8142022Revenue 2023: $5,153,235Expenses 2023: $4,681,964Net Income 2023: $471,2712023Revenue 2024: $5,372,338Expenses 2024: $5,297,745Net Income 2024: $74,5932024

Highlighted filing

2024

Revenue$5,372,338
Expenses$5,297,745
Net Income$74,593

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$5,372,338
Mission and Program Overview

Mission

The mission of bear grass charter school is to enhance the quality of life of all students by ensuring they possess the competencies to achieve success in a technological world. Bear grass charter school will prepare students to enter and become successful in a diverse and technological society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,669,207$1,929,628▲ $260,421
Cash and Non-Interest-Bearing Accounts$1,263,394$945,818▼ $317,576
Prepaid Expenses and Deferred Charges$24,719$53,498▲ $28,779
Accounts Receivable$18,635$26,497▲ $7,862
Total Assets$2,975,955$2,955,441▼ $20,514
Liabilities
Accounts Payable and Accrued Expenses$81,029$35,397▼ $45,632
Deferred Revenue$7,073$7,082▲ $9
Total Liabilities$88,102$42,479▼ $45,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,887,853$2,912,962▲ $25,109
Total Net Assets Fund Balance$2,887,853$2,912,962▲ $25,109
Total Liabilities and Net Assets / Fund Balance$2,975,955$2,955,441▼ $20,514

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,156,316$205,012$1,361,328
Equipment$644,695$417,825$1,062,520
Other Land Buildings$128,617$233,276$361,893
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,361,066
Program Service Revenue
$3,343
Investment Income
$7,929
Other Revenue
$0
All Other Contributions
$153,089
Change in Net Assets
$74,593

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,372,338
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,372,338
Total Revenue per Form 990
$5,372,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,996,721
Other Expenses$1,301,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,844,860--$2,844,860
Pension Plan Contributions$609,732--$609,732
Other Employee Benefits$321,548--$321,548
Occupancy$222,069--$222,069
Payroll Taxes$220,581--$220,581
Depreciation Depletion$184,745--$184,745
All Other Expenses$110,127--$110,127
Insurance$69,381--$69,381
Information Technology$60,368--$60,368
Other Expenses$32,216--$32,216
Travel$27,872--$27,872
Fees for Services Accounting$7,385--$7,385
Advertising$3,426--$3,426
Total Functional Expenses$5,297,745$0$0$5,297,745

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,607,651
Total Expenses per Form 990$5,297,745
Expenses per Audited Statements$5,113,000
Expenses Not Reported on Form 990$494,651
Expenses Not Reported on Financial Statements$184,745
Other Expense Adjustments$184,745
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

Form 990 is reviewed by the Board

Form 990, Part VI, Section C, line 19

Upon Request

Filing and Contact Details

Filer

Filer Name
Bear Grass Charter School Inc
EIN
56-2079581
Phone
2527926081
Address
PO Box 869, Williamston, NC 27889

Signing Officer

Name
Delmas B Cumbee Jr
Title
Chairman
Phone
2527926081
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delmas B Cumbee Jr
Formed
1997
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Cumbee & Taylor PA
Address
PO Box 869, Williamston, NC 27892
Preparer
Carla A Rascoe CPA
Phone
2527926081
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 24E

Field Trips: Program service expenses 26,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,515. Sales Tax Expense: Program service expenses 26,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,497. Reproduction Costs: Program service expenses 19,808. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,808. Nutrition: Program service expenses 15,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,120. Staff development: Program service expenses 14,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,565. Bank Charges: Program service expenses 3,987. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,987. Dues & Subs: Program service expenses 3,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,574. Other Taxes: Program service expenses 61. Management and general expenses 0. Fundraising expenses 0. Total expenses 61.

Financial Statement Notes

Part XII, Line 2D - Other Adjustments:

Capital Outlay 494,651.

Part XII, Line 4B - Other Adjustments:

Depreciation 184,745.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/ExpensesNotReportedAmt0494651
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0184745
IRS990ScheduleD/ExpensesSubtotalAmt05113000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01156316
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0205012
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01361328
IRS990ScheduleD/OtherExpensesIncludedAmt0494651
IRS990ScheduleD/OtherExpensesNotIncludedAmt0184745
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0128617
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0233276
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0361893
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05372338
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Capital Outlay 494,651.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Depreciation 184,745.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01929628
IRS990ScheduleD/TotalExpensesPerForm990Amt05297745
IRS990ScheduleD/TotalRevenuePerForm990Amt05372338
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05372338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05607651
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the Board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon Request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Field Trips: Program service expenses 26,515. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,515. Sales Tax Expense: Program service expenses 26,497. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,497. Reproduction Costs: Program service expenses 19,808. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,808. Nutrition: Program service expenses 15,120. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,120. Staff development: Program service expenses 14,565. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,565. Bank Charges: Program service expenses 3,987. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,987. Dues & Subs: Program service expenses 3,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,574. Other Taxes: Program service expenses 61. Management and general expenses 0. Fundraising expenses 0. Total expenses 61.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 24e
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02975955
IRS990/TotalAssetsEOYAmt02955441
IRS990/TotalAssetsGrp/BOYAmt02975955
IRS990/TotalAssetsGrp/EOYAmt02955441
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt05361066
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05297745
IRS990/TotalFunctionalExpensesGrp/TotalAmt05297745
IRS990/TotalGrossUBIAmt07929
IRS990/TotalLiabilitiesBOYAmt088102
IRS990/TotalLiabilitiesEOYAmt042479
IRS990/TotalLiabilitiesGrp/BOYAmt088102
IRS990/TotalLiabilitiesGrp/EOYAmt042479
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02887853
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02912962
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05297745
IRS990/TotalProgramServiceRevenueAmt03343
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03343
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05372338
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07929
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02975955
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02955441
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt027872
IRS990/TravelGrp/TotalAmt027872
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 869
IRS990/USAddress/CityNm0Williamston
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027892
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.beargrasscharter.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Delmas B Cumbee Jr
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum02527926081
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Bear Grass Charter School Inc
ReturnHeader/Filer/BusinessNameControlTxt0BEAR
ReturnHeader/Filer/EIN0562079581
ReturnHeader/Filer/PhoneNum02527926081
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 869
ReturnHeader/Filer/USAddress/CityNm0Williamston
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027889
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823689079
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Cumbee & Taylor PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 869
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Williamston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027892
ReturnHeader/PreparerPersonGrp/PhoneNum02527926081
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carla A Rascoe CPA
ReturnHeader/ReturnTs02024-11-05T15:06:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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