Civic Intelligence

The Franklin Academy Inc

990 • Fiscal year 2015 • EIN 56-2085431

Jul 01, 2014 to Jun 30, 2015 • Filed on Apr 18, 2016

604 Franklin StreetWake Forest, NC 27587

(919) 554-4911

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.39x

Higher debt load relative to assets than 56% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.70x

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

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

62nd percentile

7.9%

Higher net margin than 62% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

32nd percentile

$110,990

Higher top officer pay than 32% of similar nonprofits.

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

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

46th percentile

1.4%

Faster asset growth than 46% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

44th percentile

3.2%

Faster revenue growth than 44% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$21,668,640

Up $307,111 (+1.4%) from 2014

Net Assets

Up

$13,167,074

Up $955,556 (+7.8%) from 2014

Liabilities

Down

$8,501,566

Down $648,445 (-7.1%) from 2014

Revenue

Up

$12,120,400

Up $376,086 (+3.2%) from 2014

Expenses

Up

$11,164,844

Up $394,791 (+3.7%) from 2014

Net Income

Down

$955,556

Down $18,705 (-1.9%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2011: $19,941,014Liabilities 2011: $22,728,698Net Assets 2011: -$2,787,6842011Assets 2012: $20,624,465Liabilities 2012: $10,532,077Net Assets 2012: $10,092,3882012Assets 2013: $21,207,183Liabilities 2013: $9,969,926Net Assets 2013: $11,237,2572013Assets 2014: $21,361,529Liabilities 2014: $9,150,011Net Assets 2014: $12,211,5182014Assets 2015: $21,668,640Liabilities 2015: $8,501,566Net Assets 2015: $13,167,0742015Assets 2016: $21,537,416Liabilities 2016: $7,530,748Net Assets 2016: $14,006,6682016Assets 2017: $21,948,012Liabilities 2017: $6,627,914Net Assets 2017: $15,320,0982017Assets 2018: $22,191,572Liabilities 2018: $5,992,215Net Assets 2018: $16,199,3572018Assets 2019: $18,640,181Liabilities 2019: $1,185,489Net Assets 2019: $17,454,6922019Assets 2020: $19,058,375Liabilities 2020: $127,318Net Assets 2020: $18,931,0572020Assets 2021: $21,035,006Liabilities 2021: $281,964Net Assets 2021: $20,753,0422021Assets 2022: $23,533,490Liabilities 2022: $204,481Net Assets 2022: $23,329,0092022Assets 2023: $25,015,003Liabilities 2023: $277,892Net Assets 2023: $24,737,1112023Assets 2024: $27,481,738Liabilities 2024: $228,579Net Assets 2024: $27,253,1592024

Highlighted filing

2015

Assets$21,668,640
Liabilities$8,501,566
Net Assets$13,167,074

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Revenue 2011: $9,395,740Expenses 2011: $8,482,411Net Income 2011: $913,3292011Revenue 2012: $11,121,679Expenses 2012: $9,741,607Net Income 2012: $1,380,0722012Revenue 2013: $11,502,435Expenses 2013: $10,157,604Net Income 2013: $1,344,8312013Revenue 2014: $11,744,314Expenses 2014: $10,770,053Net Income 2014: $974,2612014Revenue 2015: $12,120,400Expenses 2015: $11,164,844Net Income 2015: $955,5562015Revenue 2016: $12,517,546Expenses 2016: $11,677,952Net Income 2016: $839,5942016Revenue 2017: $13,053,083Expenses 2017: $11,739,653Net Income 2017: $1,313,4302017Revenue 2018: $13,473,538Expenses 2018: $12,594,279Net Income 2018: $879,2592018Revenue 2019: $14,462,843Expenses 2019: $13,207,508Net Income 2019: $1,255,3352019Revenue 2020: $14,868,776Expenses 2020: $13,392,411Net Income 2020: $1,476,3652020Revenue 2021: $15,466,175Expenses 2021: $13,644,190Net Income 2021: $1,821,9852021Revenue 2022: $17,154,874Expenses 2022: $14,578,907Net Income 2022: $2,575,9672022Revenue 2023: $16,397,889Expenses 2023: $14,989,787Net Income 2023: $1,408,1022023Revenue 2024: $18,121,235Expenses 2024: $15,605,186Net Income 2024: $2,516,0492024

Highlighted filing

2015

Revenue$12,120,400
Expenses$11,164,844
Net Income$955,556
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 18, 2016
Return Version
2014v6.0
Gross Receipts
$12,120,400
Mission and Program Overview

Mission

The corporation's primary exempt purpose is to engage in the charitable and educational purposes of providing quality public education as a charter school created pursuant to the general statutes of north carolina establishing charter schools.

To provide a quality education to kindergarten through 12th grade as a north carolina public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,195,790$16,618,426▼ $577,364
Rtn Earn Endowment Incm Other Fnds$12,211,518$13,167,074▲ $955,556
Cash and Non-Interest-Bearing Accounts$3,536,260$4,701,614▲ $1,165,354
Prepaid Expenses and Deferred Charges$173,402$329,907▲ $156,505
Accounts Receivable$456,077$18,693▼ $437,384
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$21,361,529$21,668,640▲ $307,111
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$8,688,232$7,932,920▼ $755,312
Accounts Payable and Accrued Expenses$461,779$568,646▲ $106,867
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$9,150,011$8,501,566▼ $648,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,211,518$13,167,074▲ $955,556
Total Liabilities and Net Assets / Fund Balance$21,361,529$21,668,640▲ $307,111

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,986,879$3,512,778$18,499,657
Equipment$156,161$2,208,935$2,365,096
Other Land Buildings$319,329$1,300,460$1,619,789
Land$1,156,057-$1,156,057
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David MahaleyAdministrator Grades 9-12FT$103,263$7,727$110,990

Board Members and Trustees

NameTitle
Robert L LuddyChairman
Alphonsa C MerrittDirector
Rick EddinsDirector
Tom LehrDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$11,411,620
Program Service Revenue
$236,805
Investment Income
$104,595
Other Revenue
$367,380
Change in Net Assets
$955,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,120,400
Total Revenue per Audited Statements
$12,120,400
Total Revenue per Form 990
$12,120,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,038,603
Other Expenses$3,126,241
Total Fundraising Expense$913
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,731,617$862,024-$6,593,641
All Other Expenses$1,171,215$335,137-$1,506,352
Depreciation Depletion$382,901$382,902-$765,803
Other Employee Benefits$581,042$64,487-$645,529
Payroll Taxes$485,388$79,537-$564,925
Pension Plan Contributions$105,580$25,665-$131,245
Interest$108,025$12,003-$120,028
Current Officers, Directors, Trustees, and Key Employees-$103,263-$103,263
Information Technology-$90,054-$90,054
Other Expenses$2,886$33,546$913$36,432
Fees for Services Accounting$8,365$8,364-$16,729
Fees for Services Legal$8,327$8,327-$16,654
Travel$123$8,065-$8,188
Advertising-$6,053-$6,053
Total Functional Expenses$9,117,137$2,046,794$913$11,164,844

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,164,844
Total Expenses per Audited Statements$11,164,844
Total Expenses per Form 990$11,164,844
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANorth Carolina Capital Facilities Finance Agency2010-05-20$11,500,000Acq & const of school land/bldgs

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$11,500,000$0$0$204,136
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
The Franklin Academy Inc
EIN
56-2085431
In Care Of
% WILLIAM H FRANCIS JR
Address
604 FRANKLIN STREET, WAKE FOREST, NC 27587

Signing Officer

Name
William H Francis Jr
Title
Chief Financial Officer
Phone
9198822410
Signed
2016-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
1997
Legal Domicile
Nc
Voting Board Members
0
Independent Board Members
0
Employees
243

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Wm James Black Jr
Phone
9197878212
Supplemental Narrative

Additional Explanations

Review of Tax Return

Copies of form 990 are made available for review to the executive committee via email.

Conflict of Interest Policy

Members of the board complete a questionnaire annually.

Key Employee Compensation

The board reviews key employee compensation on an annual basis

Public Information

The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon request

Form 990 Part IX Line 24 - Other Expenses

Description:insurance total expenses:22554 management and general:22554

Form 990 Part IX Line 24 - Other Expenses

Description:contracted services total expenses:388565 program services:266396 management and general:122169

Form 990 Part IX Line 24 - Other Expenses

Description:field trips total expenses:125617 program services:125617

Form 990 Part IX Line 24 - Other Expenses

Description:dues and fees total expenses:6339 program services:3827 management and general:2512

Form 990 Part IX Line 24 - Other Expenses

Description:workshops/training total expenses:79326 program services:68595 management and general:10731

Form 990 Part IX Line 24 - Other Expenses

Description:cleaning/maintenance total expenses:374312 program services:336881 management and general:37431

Form 990 Part IX Line 24 - Other Expenses

Description:non-cap equipment total expenses:178671 program services:174682 management and general:3989

Form 990 Part IX Line 24 - Other Expenses

Description:utilities total expenses:216907 program services:195217 management and general:21690

Form 990 Part IX Line 24 - Other Expenses

Description:miscellaneous total expenses:68417 management and general:68417

Form 990 Part IX Line 24 - Other Expenses

Description:refundable sales tax total expenses:45644 management and general:45644

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IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt064487
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0581042
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0645529
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1POSTAGE
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc3PRINTING
IRS990/OtherExpensesGrp/FundraisingAmt0913
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt024135
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12882
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt333546
IRS990/OtherExpensesGrp/ProgramServicesAmt0518951
IRS990/OtherExpensesGrp/ProgramServicesAmt112717
IRS990/OtherExpensesGrp/ProgramServicesAmt22886
IRS990/OtherExpensesGrp/TotalAmt0543999
IRS990/OtherExpensesGrp/TotalAmt12882
IRS990/OtherExpensesGrp/TotalAmt213067
IRS990/OtherExpensesGrp/TotalAmt336432
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt045643
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1321737
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt045643
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1321737
IRS990/OtherRevenueTotalAmt0367380
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0862024
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05731617
IRS990/OtherSalariesAndWagesGrp/TotalAmt06593641
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt079537
IRS990/PayrollTaxesGrp/ProgramServicesAmt0485388
IRS990/PayrollTaxesGrp/TotalAmt0564925
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt025665
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0105580
IRS990/PensionPlanContributionsGrp/TotalAmt0131245
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0173402
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0329907
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0236805
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0236805
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010941843
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt078658
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03307266
IRS990/PYOtherRevenueAmt0435820
IRS990/PYProgramServiceRevenueAmt0287993
IRS990/PYRevenuesLessExpensesAmt0974261
IRS990/PYSalariesCompEmpBnftPaidAmt07462787
IRS990/PYTotalExpensesAmt010770053
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt011744314
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0955556
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012211518
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt013167074
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt014986879
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03512778
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018499657
IRS990ScheduleD/EquipmentGrp/BookValueAmt0156161
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02208935
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02365096
IRS990ScheduleD/ExpensesSubtotalAmt011164844
IRS990ScheduleD/LandGrp/BookValueAmt01156057
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01156057
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0319329
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01300460
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01619789
IRS990ScheduleD/RevenueSubtotalAmt012120400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016618426
IRS990ScheduleD/TotalExpensesPerForm990Amt011164844
IRS990ScheduleD/TotalRevenuePerForm990Amt012120400
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012120400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011164844
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/ExplanationTxt0A STATEMENT OF NONDISCRIMINATION IS INCLUDED ON ALL WRITTEN COMMUNICATIONS TO THE PUBLIC DEALING WITH STUDENT ADMISSIONS, AND ON THE WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0NONDISCRIMINATION POLICY
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GICProviderName/BusinessNameLine1Txt00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-05-20
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0561592154
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQ & CONST OF SCHOOL LAND/BLDGS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondDefeasedAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt011295864
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CreditEnhancementAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0204136
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingEscrowAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02011
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011500000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/WorkingCapitalExpendituresAmt00
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPIES OF FORM 990 ARE MADE AVAILABLE FOR REVIEW TO THE EXECUTIVE COMMITTEE VIA EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE BOARD COMPLETE A QUESTIONNAIRE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS KEY EMPLOYEE COMPENSATION ON AN ANNUAL BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:INSURANCE TOTAL EXPENSES:22554 MANAGEMENT AND GENERAL:22554
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONTRACTED SERVICES TOTAL EXPENSES:388565 PROGRAM SERVICES:266396 MANAGEMENT AND GENERAL:122169
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:FIELD TRIPS TOTAL EXPENSES:125617 PROGRAM SERVICES:125617
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:DUES AND FEES TOTAL EXPENSES:6339 PROGRAM SERVICES:3827 MANAGEMENT AND GENERAL:2512
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:WORKSHOPS/TRAINING TOTAL EXPENSES:79326 PROGRAM SERVICES:68595 MANAGEMENT AND GENERAL:10731
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:CLEANING/MAINTENANCE TOTAL EXPENSES:374312 PROGRAM SERVICES:336881 MANAGEMENT AND GENERAL:37431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:NON-CAP EQUIPMENT TOTAL EXPENSES:178671 PROGRAM SERVICES:174682 MANAGEMENT AND GENERAL:3989
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:UTILITIES TOTAL EXPENSES:216907 PROGRAM SERVICES:195217 MANAGEMENT AND GENERAL:21690
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:68417 MANAGEMENT AND GENERAL:68417
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DESCRIPTION:REFUNDABLE SALES TAX TOTAL EXPENSES:45644 MANAGEMENT AND GENERAL:45644
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0REVIEW OF TAX RETURN
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2KEY EMPLOYEE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PUBLIC INFORMATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$0.23$27.3$18.1$15.6$2.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.0$0.28$24.7$16.4$15.0$1.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.5$0.20$23.3$17.2$14.6$2.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$0.28$20.8$15.5$13.6$1.82
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$0.13$18.9$14.9$13.4$1.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.6$1.19$17.5$14.5$13.2$1.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.2$5.99$16.2$13.5$12.6$0.88
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$6.63$15.3$13.1$11.7$1.31
2016Detailed filing. Detailed filing data is available for this year.$21.5$7.53$14.0$12.5$11.7$0.84
2015Detailed filing. Detailed filing data is available for this year.$21.7$8.50$13.2$12.1$11.2$0.96
2014Summary only. Only limited summary data is available for this year.$21.4$9.15$12.2$11.7$10.8$0.97
2013Summary only. Only limited summary data is available for this year.$21.2$9.97$11.2$11.5$10.2$1.34
2012Summary only. Only limited summary data is available for this year.$20.6$10.5$10.1$11.1$9.74$1.38
2011Summary only. Only limited summary data is available for this year.$19.9$22.7$2.79$9.40$8.48$0.91
Peer Organizations

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