Civic Intelligence

Vance Charter School Inc.

990 • Fiscal year 2014 • EIN 56-2099173

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 23, 2014

Organization Profilewww.vancecharter.org
1227 Dabney Drive27536

(252) 431-0440

Siviq Scores

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

Liabilities / Assets

37th percentile

0.04x

Higher debt load relative to assets than 37% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.03x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

53rd percentile

$76,205

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2014 filings • NTEE B • $1M-$5M nonprofits • Source year 2014

Asset Growth

40th percentile

0.8%

Faster asset growth than 40% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

0.6%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets37th percentile

Assets

Up

$2,605,263

Up $21,175 (+0.8%) from 2013

Net Assets

Up

$2,494,291

Up $17,760 (+0.7%) from 2013

Liabilities

Up

$110,972

Up $3,415 (+3.2%) from 2013

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin38th percentile

Revenue

Up

$4,290,916

Up $26,809 (+0.6%) from 2013

Expenses

Up

$4,273,156

Up $306,123 (+7.7%) from 2013

Net Income

Down

$17,760

Down $279,314 (-94%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$20M$10M$0-$10MAssets 2010: $1,942,296Liabilities 2010: $231,381Net Assets 2010: $1,710,9152010Assets 2011: $2,266,721Liabilities 2011: $237,604Net Assets 2011: $2,029,1172011Assets 2012: $2,433,996Liabilities 2012: $254,539Net Assets 2012: $2,179,4572012Assets 2013: $2,584,088Liabilities 2013: $107,557Net Assets 2013: $2,476,5312013Assets 2014: $2,605,263Liabilities 2014: $110,972Net Assets 2014: $2,494,2912014Assets 2015: $1,527,136Liabilities 2015: $1,104,826Net Assets 2015: $422,3102015Assets 2016: $1,400,283Liabilities 2016: $926,101Net Assets 2016: $474,1822016Assets 2017: $2,307,281Liabilities 2017: $1,924,051Net Assets 2017: $383,2302017Assets 2018: $3,244,522Liabilities 2018: $9,636,784Net Assets 2018: -$6,392,2622018Assets 2019: $4,810,047Liabilities 2019: $11,168,479Net Assets 2019: -$6,358,4322019Assets 2020: $5,973,008Liabilities 2020: $12,429,477Net Assets 2020: -$6,456,4692020Assets 2021: $6,861,102Liabilities 2021: $13,088,731Net Assets 2021: -$6,227,6292021Assets 2022: $7,623,358Liabilities 2022: $12,950,263Net Assets 2022: -$5,326,9052022Assets 2023: $10,705,027Liabilities 2023: $15,190,966Net Assets 2023: -$4,485,9392023

Highlighted filing

2014

Assets$2,605,263
Liabilities$110,972
Net Assets$2,494,291
Open 2014 Filing

Operations Trend

Revenue Growth38th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,451,2452010Expenses 2011: $3,848,0312011Expenses 2012: $4,003,2812012Revenue 2013: $4,264,107Expenses 2013: $3,967,033Net Income 2013: $297,0742013Revenue 2014: $4,290,916Expenses 2014: $4,273,156Net Income 2014: $17,7602014Revenue 2015: $4,502,326Expenses 2015: $5,682,163Net Income 2015: -$1,179,8372015Revenue 2016: $4,558,248Expenses 2016: $4,506,376Net Income 2016: $51,8722016Revenue 2017: $5,486,558Expenses 2017: $5,577,509Net Income 2017: -$90,9512017Revenue 2018: $6,415,043Expenses 2018: $6,826,580Net Income 2018: -$411,5372018Revenue 2019: $7,563,568Expenses 2019: $7,529,738Net Income 2019: $33,8302019Revenue 2020: $8,750,460Expenses 2020: $8,848,497Net Income 2020: -$98,0372020Revenue 2021: $8,937,845Expenses 2021: $8,709,005Net Income 2021: $228,8402021Revenue 2022: $10,441,368Expenses 2022: $9,540,644Net Income 2022: $900,7242022Revenue 2023: $11,046,118Expenses 2023: $10,205,152Net Income 2023: $840,9662023

Highlighted filing

2014

Revenue$4,290,916
Expenses$4,273,156
Net Income$17,760
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 23, 2014
Return Version
2013v3.1
Gross Receipts
$4,290,916
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$606,932$1,545,770▲ $938,838
Land, Buildings, and Equipment, Net$810,412$876,905▲ $66,493
Prepaid Expenses and Deferred Charges$45,872$140,382▲ $94,510
Savings and Temporary Cash Investments$1,059,332$24,568▼ $1,034,764
Accounts Receivable$61,540$17,638▼ $43,902
Total Assets$2,584,088$2,605,263▲ $21,175
Liabilities
Other Liabilities$83,049$91,595▲ $8,546
Accounts Payable and Accrued Expenses$24,508$19,377▼ $5,131
Total Liabilities$107,557$110,972▲ $3,415
Net Assets / Fund Balance
Unrestricted Net Assets$2,333,170$2,329,341▼ $3,829
Temporarily Rstr Net Assets$143,361$164,950▲ $21,589
Total Net Assets Fund Balance$2,476,531$2,494,291▲ $17,760
Total Liabilities and Net Assets / Fund Balance$2,584,088$2,605,263▲ $21,175

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$426,905$502,496$929,401
Land$450,000-$450,000
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sean ConnollyPrincipalFT$76,205$76,205

Board Members and Trustees

NameTitle
Anne BunchChairperson
Bill SatterwhiteVice Chair
Adam BrewerBoard Member
Billy DavidsonBoard Member
Carl FisherBoard Member
Cindy CookBoard Member
Karen BobbittBoard Member
Kristy StainbackBoard Member
Pat OlmertBoard Member
Gail WashingtonCo-Secretary
Marcia CobbsCo-Secretary
Deloney SpragginsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$176,597
Program Service Revenue
$4,112,061
Investment Income
$2,258
Other Revenue
$0
All Other Contributions
$2,098
Change in Net Assets
$17,760

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,290,916
Total Revenue per Audited Statements
$4,290,916
Total Revenue per Form 990
$4,290,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,219,849
Other Expenses$1,053,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,297,978$56,746-$2,354,724
Pension Plan Contributions$311,874$6,769-$318,643
Other Employee Benefits$284,973$11,201-$296,174
Occupancy$182,978$60,993-$243,971
Payroll Taxes$169,882$4,221-$174,103
All Other Expenses$129,802--$129,802
Depreciation Depletion$76,000$24,468-$100,468
Comp Disqual Persons$76,205--$76,205
Fees for Services Other-$75,478-$75,478
Other Expenses$97,696$55,655-$55,655
Conferences and Meetings$20,633--$20,633
Insurance-$17,098-$17,098
Fees for Services Accounting-$7,700-$7,700
Advertising-$2,582-$2,582
Fees for Services Legal-$1,743-$1,743
Total Functional Expenses$3,904,126$369,030$0$4,273,156

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,273,156
Total Expenses per Audited Statements$4,273,156
Total Expenses per Form 990$4,273,156
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$91,595
Compensated Absences-
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

Governance Explanations

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

“Board treasurer reviews 990 and reports to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to execute a Conflict of Interest Statement and Confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals.”

Form 990, Part VI, Section B, Line 15B

“All key employees compensation is approved by the board of directors and is based on camparability data. There are no officers on the board of directors receiving compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.”

Filing and Contact Details

Filer

EIN
56-2099173
Phone
2524310440

Signing Officer

Name
Sean Connolly
Title
Principal
Signed
2014-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Connolly
Formed
1998
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
98
Volunteers
241

Preparer

Preparer
Rebekah Barr
Phone
2522306294
Raw XML AppendixShowing 400 of 447 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt024508
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt019377
IRS990/AccountsReceivableGrp/BOYAmt061540
IRS990/AccountsReceivableGrp/EOYAmt017638
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02582
IRS990/AdvertisingGrp/TotalAmt02582
IRS990/AllOtherContributionsAmt02098
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0129802
IRS990/AllOtherExpensesGrp/TotalAmt0129802
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10Acadia NorthStar LLC
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine105029 Falls of Neuse Road Suite 218
IRS990/BooksInCareOfDetail/USAddress/City0Raleigh
IRS990/BooksInCareOfDetail/USAddress/State0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCode027609
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0606932
IRS990/CashNonInterestBearingGrp/EOYAmt01545770
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt076205
IRS990/CompDisqualPersonsGrp/TotalAmt076205
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt020633
IRS990/ConferencesMeetingsGrp/TotalAmt020633
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0176597
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02258
IRS990/CYOtherExpensesAmt01053307
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt04112061
IRS990/CYRevenuesLessExpensesAmt017760
IRS990/CYSalariesCompEmpBnftPaidAmt03219849
IRS990/CYTotalExpensesAmt04273156
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04290916
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt024468
IRS990/DepreciationDepletionGrp/ProgramServicesAmt076000
IRS990/DepreciationDepletionGrp/TotalAmt0100468
IRS990/Desc0Operation of a charter school in Henderson, North Carolina, serving approximately 540 students in grades kindergarten through 8th grade for the fiscal year ended June 30, 2014.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt098
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt03904126
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07700
IRS990/FeesForServicesAccountingGrp/TotalAmt07700
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01743
IRS990/FeesForServicesLegalGrp/TotalAmt01743
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt075478
IRS990/FeesForServicesOtherGrp/TotalAmt075478
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0000.31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.31
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.48
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3005.54
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4005.46
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.43
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.35
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.05
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.01
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10000.19
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11000.48
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12050.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/PersonNm0Anne Bunch
IRS990/Form990PartVIISectionAGrp/PersonNm1Adam Brewer
IRS990/Form990PartVIISectionAGrp/PersonNm2Deloney Spraggins
IRS990/Form990PartVIISectionAGrp/PersonNm3Karen Bobbitt
IRS990/Form990PartVIISectionAGrp/PersonNm4Kristy Stainback
IRS990/Form990PartVIISectionAGrp/PersonNm5Bill Satterwhite
IRS990/Form990PartVIISectionAGrp/PersonNm6Marcia Cobbs
IRS990/Form990PartVIISectionAGrp/PersonNm7Gail Washington
IRS990/Form990PartVIISectionAGrp/PersonNm8Cindy Cook
IRS990/Form990PartVIISectionAGrp/PersonNm9Pat Olmert
IRS990/Form990PartVIISectionAGrp/PersonNm10Billy Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm11Carl Fisher
IRS990/Form990PartVIISectionAGrp/PersonNm12Sean Connolly
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1276205
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Co-Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Co-Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Principal
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0174499
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04290916
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt017098
IRS990/InsuranceGrp/TotalAmt017098
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02258
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0502496
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0810412
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0876905
IRS990/LandBldgEquipCostOrOtherBssAmt01379401
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Operation of a public charter school.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02476531
IRS990/NetAssetsOrFundBalancesEOYAmt02494291
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt060993
IRS990/OccupancyGrp/ProgramServicesAmt0182978
IRS990/OccupancyGrp/TotalAmt0243971
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011201
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0284973
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0296174
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Telephone
IRS990/OtherExpensesGrp/Desc2Contracted Student Services
IRS990/OtherExpensesGrp/Desc3Repairs/Maint - Building and Buses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt038153
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16223
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt255655
IRS990/OtherExpensesGrp/ProgramServicesAmt0251990
IRS990/OtherExpensesGrp/ProgramServicesAmt14115
IRS990/OtherExpensesGrp/ProgramServicesAmt297696
IRS990/OtherExpensesGrp/TotalAmt0290143
IRS990/OtherExpensesGrp/TotalAmt110338
IRS990/OtherExpensesGrp/TotalAmt297696
IRS990/OtherExpensesGrp/TotalAmt355655
IRS990/OtherLiabilitiesGrp/BOYAmt083049
IRS990/OtherLiabilitiesGrp/EOYAmt091595
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056746
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02297978
IRS990/OtherSalariesAndWagesGrp/TotalAmt02354724
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04221
IRS990/PayrollTaxesGrp/ProgramServicesAmt0169882
IRS990/PayrollTaxesGrp/TotalAmt0174103
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06769
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0311874
IRS990/PensionPlanContributionsGrp/TotalAmt0318643
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045872
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0140382
IRS990/PrincipalOfficerNm0Sean Connolly
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State Funding
IRS990/ProgramServiceRevenueGrp/Desc1Local Education Agencies
IRS990/ProgramServiceRevenueGrp/Desc2Program Activities
IRS990/ProgramServiceRevenueGrp/Desc3Friends of Vance Charter
IRS990/ProgramServiceRevenueGrp/Desc4Before/After School
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03346915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1605229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt297245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331243
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418342
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0115159
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03340
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01004315
IRS990/PYProgramServiceRevenueAmt04145608
IRS990/PYRevenuesLessExpensesAmt0297074
IRS990/PYSalariesCompEmpBnftPaidAmt02962718
IRS990/PYTotalExpensesAmt03967033
IRS990/PYTotalRevenueAmt04264107
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt017760
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01059332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024568
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0426905
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0502496
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0929401
IRS990ScheduleD/ExpensesSubtotalAmt04273156
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt091595
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04290916
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0876905
IRS990ScheduleD/TotalExpensesPerForm990Amt04273156
IRS990ScheduleD/TotalLiabilityAmt091595
IRS990ScheduleD/TotalRevenuePerForm990Amt04290916
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04290916
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04273156
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/ExplanationTxt0North Carolina Charter Schools are funded by the State and Local Governments. The School also receives various federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each board member is required to execute a Conflict of Interest Statement and Confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individuals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All key employees compensation is approved by the board of directors and is based on camparability data. There are no officers on the board of directors receiving compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0143361
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0164950
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02584088
IRS990/TotalAssetsEOYAmt02605263
IRS990/TotalAssetsGrp/BOYAmt02584088
IRS990/TotalAssetsGrp/EOYAmt02605263
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0176597
IRS990/TotalEmployeeCnt098
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0369030
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03904126
IRS990/TotalFunctionalExpensesGrp/TotalAmt04273156
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0107557
IRS990/TotalLiabilitiesEOYAmt0110972
IRS990/TotalLiabilitiesGrp/BOYAmt0107557
IRS990/TotalLiabilitiesGrp/EOYAmt0110972
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02476531
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02494291
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt013087
IRS990/TotalProgramServiceExpensesAmt03904126

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,605,263
Liabilities
$110,972
Net assets
$2,494,291
Revenue
$4,290,916
Expenses
$4,273,156
Net income
$17,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.7$15.2$4.49$11.0$10.2$0.84
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.62$13.0$5.33$10.4$9.54$0.90
2021Summary only. Only limited summary data is available for this year.$6.86$13.1$6.23$8.94$8.71$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.97$12.4$6.46$8.75$8.85$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$11.2$6.36$7.56$7.53$0.03
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.24$9.64$6.39$6.42$6.83$0.41
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$1.92$0.38$5.49$5.58$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.40$0.93$0.47$4.56$4.51$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.53$1.10$0.42$4.50$5.68$1.18
2014Detailed filing. Detailed filing data is available for this year.$2.61$0.11$2.49$4.29$4.27$0.02
2013Summary only. Only limited summary data is available for this year.$2.58$0.11$2.48$4.26$3.97$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.25$2.18$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.24$2.03$3.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$0.23$1.71$3.45