Civic Intelligence

Vance Charter School Inc.

990 • Fiscal year 2015 • EIN 56-2099173

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 20, 2015

Organization Profilewww.vancecharter.org
1227 Dabney DriveHenderson, NC 27536

(252) 431-0440

Siviq Scores

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

Liabilities / Assets

84th percentile

0.72x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.25x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

8th percentile

-26%

Higher net margin than 8% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

56th percentile

$82,568

Higher top officer pay than 56% of similar nonprofits.

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

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

2nd percentile

-41%

Faster asset growth than 2% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

4.9%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$1,527,136

Down $1,078,127 (-41%) from 2014

Net Assets

Down

$422,310

Down $2,071,981 (-83%) from 2014

Liabilities

Up

$1,104,826

Up $993,854 (+896%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin8th percentile

Revenue

Up

$4,502,326

Up $211,410 (+4.9%) from 2014

Expenses

Up

$5,682,163

Up $1,409,007 (+33%) from 2014

Net Income

Down

-$1,179,837

Down $1,197,597 (-6743%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2015

Assets$1,527,136
Liabilities$1,104,826
Net Assets$422,310
Open 2015 Filing

Operations Trend

Revenue Growth50th 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

2015

Revenue$4,502,326
Expenses$5,682,163
Net Income-$1,179,837
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 20, 2015
Return Version
2014v5.0
Gross Receipts
$4,502,326
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$876,905$858,609▼ $18,296
Cash and Non-Interest-Bearing Accounts$1,545,770$396,533▼ $1,149,237
Prepaid Expenses and Deferred Charges$140,382$39,582▼ $100,800
Savings and Temporary Cash Investments$24,568$16,514▼ $8,054
Accounts Receivable$17,638$3,296▼ $14,342
Total Assets$2,605,263$1,527,136▼ $1,078,127
Other Assets Total-$212,602-
Liabilities
Other Liabilities$91,595$1,075,192▲ $983,597
Accounts Payable and Accrued Expenses$19,377$29,634▲ $10,257
Total Liabilities$110,972$1,104,826▲ $993,854
Net Assets / Fund Balance
Unrestricted Net Assets$2,329,341$366,214▼ $1,963,127
Temporarily Rstr Net Assets$164,950$56,096▼ $108,854
Total Net Assets Fund Balance$2,494,291$422,310▼ $2,071,981
Total Liabilities and Net Assets / Fund Balance$2,605,263$1,527,136▼ $1,078,127

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$408,609$611,284$1,019,893
Land$450,000-$450,000
Other Assets Org$212,602--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sean ConnollyPrincipalFT$82,568$82,568

Board Members and Trustees

NameTitle
Adam BrewerChairperson
Billy DavidsonVice Chair
Anne BunchBoard Member
Carl FisherBoard Member
Cindy CookBoard Member
Jessica DealBoard Member
Josh TowneBoard Member
Karen BobbittBoard Member
Kristy StainbackBoard Member
Gail WashingtonCo-Secretary
Marcia CobbsCo-Secretary
Deloney SpragginsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$166,731
Program Service Revenue
$4,335,595
Investment Income
$0
Other Revenue
$0
All Other Contributions
$6,738
Change in Net Assets
$-1,179,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,502,326
Total Revenue per Audited Statements
$4,502,326
Total Revenue per Form 990
$4,502,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,342,141
Other Expenses$2,340,022
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,528,236$57,947-$2,586,183
Other Employee Benefits$317,116$10,755-$327,871
Occupancy$231,573$77,191-$308,764
Pension Plan Contributions$226,515--$226,515
Payroll Taxes$196,709$4,863-$201,572
Depreciation Depletion$102,491$6,297-$108,788
Other Expenses$67,927$70,621-$70,621
Insurance-$21,250-$21,250
Conferences and Meetings$9,289--$9,289
Fees for Services Accounting-$7,700-$7,700
Advertising-$3,065-$3,065
Fees for Services Legal-$1,882-$1,882
Total Functional Expenses$5,231,244$450,919$0$5,682,163

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,682,163
Total Expenses per Audited Statements$5,682,163
Total Expenses per Form 990$5,682,163
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
Pension liability$768,984
Compensated Absences$209,276
Federal income taxes$96,932
Deferred inflows of resources-
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

“Compensation for key employees 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 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

Filer Name
Vance Charter School Inc
EIN
56-2099173
Phone
2524310440
Address
1227 Dabney Drive, Henderson, NC 27536

Signing Officer

Name
Sean Connolly
Title
Principal
Signed
2015-11-20
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
91
Volunteers
220

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
Raw XML AppendixShowing 400 of 451 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/BOYAmt019377
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt029634
IRS990/AccountsReceivableGrp/BOYAmt017638
IRS990/AccountsReceivableGrp/EOYAmt03296
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03065
IRS990/AdvertisingGrp/TotalAmt03065
IRS990/AllOtherContributionsAmt06738
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Acadia NorthStar LLC
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05029 Falls of Neuse Road Suite 218
IRS990/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01545770
IRS990/CashNonInterestBearingGrp/EOYAmt0396533
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt09289
IRS990/ConferencesMeetingsGrp/TotalAmt09289
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0166731
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt02340022
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt04335595
IRS990/CYRevenuesLessExpensesAmt0-1179837
IRS990/CYSalariesCompEmpBnftPaidAmt03342141
IRS990/CYTotalExpensesAmt05682163
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04502326
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06297
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0102491
IRS990/DepreciationDepletionGrp/TotalAmt0108788
IRS990/Desc0Operation of a charter school in Henderson, North Carolina, serving approximately 537 students in grades kindergarten through 8th grade for the fiscal year ended June 30, 2015.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt091
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05231244
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07700
IRS990/FeesForServicesAccountingGrp/TotalAmt07700
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01882
IRS990/FeesForServicesLegalGrp/TotalAmt01882
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4004.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11002.00
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/PersonNm5Jessica Deal
IRS990/Form990PartVIISectionAGrp/PersonNm6Marcia Cobbs
IRS990/Form990PartVIISectionAGrp/PersonNm7Gail Washington
IRS990/Form990PartVIISectionAGrp/PersonNm8Cindy Cook
IRS990/Form990PartVIISectionAGrp/PersonNm9Josh Towne
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/ReportableCompFromOrgAmt1282568
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/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Co-Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Co-Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chair
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/GovernmentGrantsAmt0159993
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04502326
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt021250
IRS990/InsuranceGrp/TotalAmt021250
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0611284
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0876905
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0858609
IRS990/LandBldgEquipCostOrOtherBssAmt01469893
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/NetAssetsOrFundBalancesBOYAmt02494291
IRS990/NetAssetsOrFundBalancesEOYAmt0422310
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt077191
IRS990/OccupancyGrp/ProgramServicesAmt0231573
IRS990/OccupancyGrp/TotalAmt0308764
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt0212602
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010755
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0317116
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0327871
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Transfers to Vance Foundation 46-1378289
IRS990/OtherExpensesGrp/Desc2Contracted Student Services
IRS990/OtherExpensesGrp/Desc3Repairs/Maint - Building and Buses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030571
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1158777
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt270621
IRS990/OtherExpensesGrp/ProgramServicesAmt0435057
IRS990/OtherExpensesGrp/ProgramServicesAmt11116331
IRS990/OtherExpensesGrp/ProgramServicesAmt267927
IRS990/OtherExpensesGrp/TotalAmt0465628
IRS990/OtherExpensesGrp/TotalAmt11116331
IRS990/OtherExpensesGrp/TotalAmt2226704
IRS990/OtherExpensesGrp/TotalAmt370621
IRS990/OtherLiabilitiesGrp/BOYAmt091595
IRS990/OtherLiabilitiesGrp/EOYAmt01075192
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt057947
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02528236
IRS990/OtherSalariesAndWagesGrp/TotalAmt02586183
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04863
IRS990/PayrollTaxesGrp/ProgramServicesAmt0196709
IRS990/PayrollTaxesGrp/TotalAmt0201572
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0226515
IRS990/PensionPlanContributionsGrp/TotalAmt0226515
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0140382
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039582
IRS990/PrincipalOfficerNm0Sean Connolly
IRS990/PriorPeriodAdjustmentsAmt0-892144
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0State Funding
IRS990/ProgramServiceRevenueGrp/Desc1Local Education Agencies
IRS990/ProgramServiceRevenueGrp/Desc2Program Activities
IRS990/ProgramServiceRevenueGrp/Desc3Friends of Vance Charter/Fundraisers
IRS990/ProgramServiceRevenueGrp/Desc4Before/After School
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03465095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1619946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt285753
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3144906
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt419895
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0176597
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02258
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01053307
IRS990/PYProgramServiceRevenueAmt04112061
IRS990/PYRevenuesLessExpensesAmt017760
IRS990/PYSalariesCompEmpBnftPaidAmt03219849
IRS990/PYTotalExpensesAmt04273156
IRS990/PYTotalRevenueAmt04290916
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1179837
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024568
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016514
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0408609
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0611284
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01019893
IRS990ScheduleD/ExpensesSubtotalAmt05682163
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0212602
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflows of resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt096932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1209276
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2768984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Pension liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred inflows of resources
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04502326
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0858609
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0212602
IRS990ScheduleD/TotalExpensesPerForm990Amt05682163
IRS990ScheduleD/TotalLiabilityAmt01075192
IRS990ScheduleD/TotalRevenuePerForm990Amt04502326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04502326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05682163
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/ExplanationTxt3Compensation for key employees 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/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/BOYAmt0164950
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt056096
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02605263
IRS990/TotalAssetsEOYAmt01527136
IRS990/TotalAssetsGrp/BOYAmt02605263
IRS990/TotalAssetsGrp/EOYAmt01527136
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166731
IRS990/TotalEmployeeCnt091
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0450919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05231244
IRS990/TotalFunctionalExpensesGrp/TotalAmt05682163
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110972
IRS990/TotalLiabilitiesEOYAmt01104826
IRS990/TotalLiabilitiesGrp/BOYAmt0110972

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,527,136
Liabilities
$1,104,826
Net assets
$422,310
Revenue
$4,502,326
Expenses
$5,682,163
Net income
-$1,179,837
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