Civic Intelligence

The Franklin Academy Inc

990 • Fiscal year 2016 • EIN 56-2085431

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 15, 2017

Organization ProfileN/A

View Organization Page

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

52nd percentile

0.35x

Higher debt load relative to assets than 52% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.60x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

69th percentile

6.7%

Higher net margin than 69% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

33rd percentile

$118,307

Higher top officer pay than 33% of similar nonprofits.

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

36th percentile

-0.6%

Faster asset growth than 36% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

3.3%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$21,537,416

Down $131,224 (-0.6%) from 2015

Net Assets

Up

$14,006,668

Up $839,594 (+6.4%) from 2015

Liabilities

Down

$7,530,748

Down $970,818 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin69th percentile

Revenue

Up

$12,517,546

Up $397,146 (+3.3%) from 2015

Expenses

Up

$11,677,952

Up $513,108 (+4.6%) from 2015

Net Income

Down

$839,594

Down $115,962 (-12%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

2016

Assets$21,537,416
Liabilities$7,530,748
Net Assets$14,006,668
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

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

2016

Revenue$12,517,546
Expenses$11,677,952
Net Income$839,594
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 15, 2017
Return Version
2015v3.0
Gross Receipts
$12,517,546
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$16,618,426$16,366,035▼ $252,391
Rtn Earn Endowment Incm Other Fnds$13,167,074$14,006,668▲ $839,594
Cash and Non-Interest-Bearing Accounts$4,701,614$2,580,806▼ $2,120,808
Investments in Publicly Traded Securities$0$2,536,146▲ $2,536,146
Accounts Receivable$18,693$30,104▲ $11,411
Prepaid Expenses and Deferred Charges$329,907$24,325▼ $305,582
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
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$21,668,640$21,537,416▼ $131,224
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$7,932,920$7,174,555▼ $758,365
Accounts Payable and Accrued Expenses$568,646$356,193▼ $212,453
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$8,501,566$7,530,748▼ $970,818
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,167,074$14,006,668▲ $839,594
Total Liabilities and Net Assets / Fund Balance$21,668,640$21,537,416▼ $131,224

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,704,537$3,895,199$18,599,736
Equipment$317,462$2,326,979$2,644,441
Other Land Buildings$187,979$1,478,287$1,666,266
Land$1,156,057-$1,156,057
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David MahaleyAdministrator Grades 9-12FT$109,669$8,638$118,307

Board Members and Trustees

NameTitle
Robert L LuddyChairman
Alphonsa C MerrittDirector
Judy NunnenkampDirector
Rick EddinsDirector
Bill FrancisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,784,699
Program Service Revenue
$232,373
Investment Income
$33,469
Other Revenue
$467,005
Change in Net Assets
$839,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,517,546
Total Revenue per Audited Statements
$12,517,546
Total Revenue per Form 990
$12,517,546
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,639,952
Other Expenses$3,038,000
Total Fundraising Expense$2,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,259,922$872,501-$7,132,423
All Other Expenses$1,205,859$264,962-$1,470,821
Other Employee Benefits$596,631$80,880-$677,511
Depreciation Depletion$332,924$332,923-$665,847
Payroll Taxes$510,938$78,645-$589,583
Pension Plan Contributions$112,863$17,903-$130,766
Interest$105,278$11,697-$116,975
Current Officers, Directors, Trustees, and Key Employees-$109,669-$109,669
Insurance-$24,148-$24,148
Fees for Services Accounting$9,044$9,044-$18,088
Other Expenses$7,590$1,500$2,191$9,090
Advertising-$5,106-$5,106
Fees for Services Legal$954$953-$1,907
Travel$516$755-$1,271
Total Functional Expenses$9,720,488$1,955,273$2,191$11,677,952

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,677,952
Total Expenses per Audited Statements$11,677,952
Total Expenses per Form 990$11,677,952
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$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
Wm H Francis Jr
Title
Treasurer
Phone
9194535090
Signed
2017-03-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Francis Jr
Formed
1997
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
236

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:printing/pubs total expenses:49878 program services:17869 management and general:32009”

Form 990 Part IX Line 24 - Other Expenses

“Description:contracted services total expenses:424440 program services:304949 management and general:119491”

Form 990 Part IX Line 24 - Other Expenses

“Description:field trips total expenses:160803 program services:160803”

Form 990 Part IX Line 24 - Other Expenses

“Description:dues and fees total expenses:4541 program services:4541”

Form 990 Part IX Line 24 - Other Expenses

“Description:workshops/training total expenses:72096 program services:71954 management and general:142”

Form 990 Part IX Line 24 - Other Expenses

“Description:cleaning/maintenance total expenses:491782 program services:442764 management and general:49018”

Form 990 Part IX Line 24 - Other Expenses

“Description:non-cap equipment total expenses:26937 program services:26288 management and general:649”

Form 990 Part IX Line 24 - Other Expenses

“Description:utilities total expenses:196323 program services:176691 management and general:19632”

Form 990 Part IX Line 24 - Other Expenses

“Description:refundable sales tax total expenses:44021 management and general:44021”

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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt013167074
IRS990/NetAssetsOrFundBalancesEOYAmt014006668
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080880
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0596631
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0677511
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2POSTAGE
IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/FundraisingAmt02191
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029674
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1113025
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21888
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31500
IRS990/OtherExpensesGrp/ProgramServicesAmt0577969
IRS990/OtherExpensesGrp/ProgramServicesAmt17590
IRS990/OtherExpensesGrp/TotalAmt0609834
IRS990/OtherExpensesGrp/TotalAmt1113025
IRS990/OtherExpensesGrp/TotalAmt21888
IRS990/OtherExpensesGrp/TotalAmt39090
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1MISC. INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt044021
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1422984
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt044021
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1422984
IRS990/OtherRevenueTotalAmt0467005
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0872501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06259922
IRS990/OtherSalariesAndWagesGrp/TotalAmt07132423
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt078645
IRS990/PayrollTaxesGrp/ProgramServicesAmt0510938
IRS990/PayrollTaxesGrp/TotalAmt0589583
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017903
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0112863
IRS990/PensionPlanContributionsGrp/TotalAmt0130766
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0329907
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024325
IRS990/PrincipalOfficerNm0WILLIAM H FRANCIS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0232373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0232373
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011411620
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0104595
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03126241
IRS990/PYOtherRevenueAmt0367380
IRS990/PYProgramServiceRevenueAmt0236805
IRS990/PYRevenuesLessExpensesAmt0955556
IRS990/PYSalariesCompEmpBnftPaidAmt08038603
IRS990/PYTotalExpensesAmt011164844
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012120400
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0839594
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/BOYAmt013167074
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014006668
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt014704537
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03895199
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018599736
IRS990ScheduleD/EquipmentGrp/BookValueAmt0317462
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02326979
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02644441
IRS990ScheduleD/ExpensesSubtotalAmt011677952
IRS990ScheduleD/LandGrp/BookValueAmt01156057
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01156057
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0187979
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01478287
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01666266
IRS990ScheduleD/RevenueSubtotalAmt012517546
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016366035
IRS990ScheduleD/TotalExpensesPerForm990Amt011677952
IRS990ScheduleD/TotalRevenuePerForm990Amt012517546
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012517546
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011677952
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/CapitalExpendituresAmt011295764
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/TotalProceedsAmt011500
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:PRINTING/PUBS TOTAL EXPENSES:49878 PROGRAM SERVICES:17869 MANAGEMENT AND GENERAL:32009
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONTRACTED SERVICES TOTAL EXPENSES:424440 PROGRAM SERVICES:304949 MANAGEMENT AND GENERAL:119491
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:FIELD TRIPS TOTAL EXPENSES:160803 PROGRAM SERVICES:160803
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:DUES AND FEES TOTAL EXPENSES:4541 PROGRAM SERVICES:4541
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:WORKSHOPS/TRAINING TOTAL EXPENSES:72096 PROGRAM SERVICES:71954 MANAGEMENT AND GENERAL:142
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:CLEANING/MAINTENANCE TOTAL EXPENSES:491782 PROGRAM SERVICES:442764 MANAGEMENT AND GENERAL:49018
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:NON-CAP EQUIPMENT TOTAL EXPENSES:26937 PROGRAM SERVICES:26288 MANAGEMENT AND GENERAL:649

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,537,416
Liabilities
$7,530,748
Net assets
$14,006,668
Revenue
$12,517,546
Expenses
$11,677,952
Net income
$839,594
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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