Civic Intelligence

Vance Charter School Inc.

990 • Fiscal year 2018 • EIN 56-2099173

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

Organization Profilewww.vancecharter.org
2090 Ross Mill RoadHenderson, NC 27536

(252) 431-0440

Siviq Scores

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

Liabilities / Assets

98th percentile

2.97x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

86th percentile

1.50x

Higher debt load relative to revenue than 86% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

14th percentile

-6.4%

Higher net margin than 14% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

88th percentile

41%

Faster asset growth than 88% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

72nd percentile

17%

Faster revenue growth than 72% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$3,244,522

Up $937,241 (+41%) from 2017

Net Assets

Down

-$6,392,262

Down $6,775,492 (-1768%) from 2017

Liabilities

Up

$9,636,784

Up $7,712,733 (+401%) from 2017

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin14th percentile

Revenue

Up

$6,415,043

Up $928,485 (+17%) from 2017

Expenses

Up

$6,826,580

Up $1,249,071 (+22%) from 2017

Net Income

Down

-$411,537

Down $320,586 (-352%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2018

Assets$3,244,522
Liabilities$9,636,784
Net Assets-$6,392,262
Open 2018 Filing

Operations Trend

Revenue Growth72nd 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

2018

Revenue$6,415,043
Expenses$6,826,580
Net Income-$411,537
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$6,415,043
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$812,879$787,688▼ $25,191
Cash and Non-Interest-Bearing Accounts$291,354$311,287▲ $19,933
Savings and Temporary Cash Investments$48,651$39,226▼ $9,425
Prepaid Expenses and Deferred Charges$32,947$33,659▲ $712
Accounts Receivable$21,461$33,427▲ $11,966
Total Assets$2,307,281$3,244,522▲ $937,241
Other Assets Total$1,099,989$2,039,235▲ $939,246
Liabilities
Other Liabilities$1,842,485$9,602,279▲ $7,759,794
Accounts Payable and Accrued Expenses$81,566$34,505▼ $47,061
Total Liabilities$1,924,051$9,636,784▲ $7,712,733
Net Assets / Fund Balance
Temporarily Rstr Net Assets$48,651$49,555▲ $904
Unrestricted Net Assets$334,579$-6,441,817▼ $6,776,396
Total Net Assets Fund Balance$383,230$-6,392,262▼ $6,775,492
Total Liabilities and Net Assets / Fund Balance$2,307,281$3,244,522▲ $937,241

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$337,688$907,594$1,245,282
Land$450,000-$450,000
Other Assets Org$10,329--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Johnny YountChairperson
Christy BunnVice Chairperson
Brian CloningerBoard Member
Brooks SpencerBoard Member
Carl FisherBoard Member
Chris MunnBoard Member
Fagan GoodwinBoard Member
Jill BenderBoard Member
Martha WrennBoard Member
Matt CurrinBoard Member
Mike KilianBoard Member
Pam JacksonBoard Member
Cara KirbySecretary
Janet GreenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$167,678
Program Service Revenue
$6,247,365
Investment Income
$0
Other Revenue
$0
All Other Contributions
$16,113
Change in Net Assets
$-411,537

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,415,043
Total Revenue per Audited Statements
$6,415,043
Total Revenue per Form 990
$6,415,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,424,204
Other Expenses$1,402,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,660,466$78,509-$3,738,975
Pension Plan Contributions$973,546$9,287-$982,833
Other Employee Benefits$433,267$11,239-$444,506
Payroll Taxes$251,983$5,907-$257,890
Depreciation Depletion$94,781$1,934-$96,715
Occupancy-$60,010-$60,010
Other Expenses$115,892$41,409-$41,409
Insurance-$32,358-$32,358
Conferences and Meetings$11,554--$11,554
Fees for Services Accounting-$7,700-$7,700
Fees for Services Legal-$6,386-$6,386
Advertising-$2,963-$2,963
Total Functional Expenses$6,340,320$486,260$0$6,826,580

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,826,580
Total Expenses per Audited Statements$6,826,580
Total Expenses per Form 990$6,826,580
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
Deferred inflows of resources$5,792,209
Pension liability$2,079,687
Compensated Absences$1,553,564
Federal income taxes$176,819
Net OPEB Liability-
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Acadia NorthStar, LLC - accounting and business services”

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

“The 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 individual.”

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 individual.”

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
2090 Ross Mill Road, Henderson, NC 27536

Signing Officer

Name
Janet Green
Title
Treasurer
Phone
2524310440
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Brian Mathis
Formed
1998
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
114
Volunteers
946

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
Raw XML AppendixShowing 400 of 501 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/BOYAmt081566
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt034505
IRS990/AccountsReceivableGrp/BOYAmt021461
IRS990/AccountsReceivableGrp/EOYAmt033427
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Operation of a public charter school.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02963
IRS990/AdvertisingGrp/TotalAmt02963
IRS990/AllOtherContributionsAmt016113
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/BOYAmt0291354
IRS990/CashNonInterestBearingGrp/EOYAmt0311287
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt011554
IRS990/ConferencesMeetingsGrp/TotalAmt011554
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0167678
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01402376
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt06247365
IRS990/CYRevenuesLessExpensesAmt0-411537
IRS990/CYSalariesCompEmpBnftPaidAmt05424204
IRS990/CYTotalExpensesAmt06826580
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06415043
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01934
IRS990/DepreciationDepletionGrp/ProgramServicesAmt094781
IRS990/DepreciationDepletionGrp/TotalAmt096715
IRS990/Desc0Operation of a charter school in Henderson, North Carolina, serving approximately 726 students for the fiscal year ended June 30, 2018.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0114
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt06340320
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07700
IRS990/FeesForServicesAccountingGrp/TotalAmt07700
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt06386
IRS990/FeesForServicesLegalGrp/TotalAmt06386
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/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9005.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12002.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13001.00
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/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Brooks Spencer
IRS990/Form990PartVIISectionAGrp/PersonNm1Matt Currin
IRS990/Form990PartVIISectionAGrp/PersonNm2Christy Bunn
IRS990/Form990PartVIISectionAGrp/PersonNm3Mike Kilian
IRS990/Form990PartVIISectionAGrp/PersonNm4Pam Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm5Jill Bender
IRS990/Form990PartVIISectionAGrp/PersonNm6Carl Fisher
IRS990/Form990PartVIISectionAGrp/PersonNm7Cara Kirby
IRS990/Form990PartVIISectionAGrp/PersonNm8Brian Cloninger
IRS990/Form990PartVIISectionAGrp/PersonNm9Johnny Yount
IRS990/Form990PartVIISectionAGrp/PersonNm10Fagan Goodwin
IRS990/Form990PartVIISectionAGrp/PersonNm11Chris Munn
IRS990/Form990PartVIISectionAGrp/PersonNm12Janet Green
IRS990/Form990PartVIISectionAGrp/PersonNm13Martha Wrenn
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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0151565
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06415043
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt014
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt032358
IRS990/InsuranceGrp/TotalAmt032358
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0907594
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0812879
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0787688
IRS990/LandBldgEquipCostOrOtherBssAmt01695282
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/NetAssetsOrFundBalancesBOYAmt0383230
IRS990/NetAssetsOrFundBalancesEOYAmt0-6392262
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt060010
IRS990/OccupancyGrp/TotalAmt060010
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01099989
IRS990/OtherAssetsTotalGrp/EOYAmt02039235
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011239
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0433267
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0444506
IRS990/OtherExpensesGrp/Desc0Supplies and Textbooks
IRS990/OtherExpensesGrp/Desc1Rent Paid to Vance Foundation 46-1378289
IRS990/OtherExpensesGrp/Desc2Contracted Student Services
IRS990/OtherExpensesGrp/Desc3Repairs/Maint - Building and Buses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt056903
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1171655
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt241409
IRS990/OtherExpensesGrp/ProgramServicesAmt0444562
IRS990/OtherExpensesGrp/ProgramServicesAmt1354269
IRS990/OtherExpensesGrp/ProgramServicesAmt2115892
IRS990/OtherExpensesGrp/TotalAmt0501465
IRS990/OtherExpensesGrp/TotalAmt1354269
IRS990/OtherExpensesGrp/TotalAmt2287547
IRS990/OtherExpensesGrp/TotalAmt341409
IRS990/OtherLiabilitiesGrp/BOYAmt01842485
IRS990/OtherLiabilitiesGrp/EOYAmt09602279
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078509
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03660466
IRS990/OtherSalariesAndWagesGrp/TotalAmt03738975
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05907
IRS990/PayrollTaxesGrp/ProgramServicesAmt0251983
IRS990/PayrollTaxesGrp/TotalAmt0257890
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09287
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0973546
IRS990/PensionPlanContributionsGrp/TotalAmt0982833
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt032947
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033659
IRS990/PrincipalOfficerNm0Dr Brian Mathis
IRS990/PriorPeriodAdjustmentsAmt0-6363955
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/TotalRevenueColumnAmt05095413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1898462
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2150700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt379194
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt423596
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0107720
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01239553
IRS990/PYProgramServiceRevenueAmt05378838
IRS990/PYRevenuesLessExpensesAmt0-90951
IRS990/PYSalariesCompEmpBnftPaidAmt04337956
IRS990/PYTotalExpensesAmt05577509
IRS990/PYTotalRevenueAmt05486558
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-411537
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt048651
IRS990/SavingsAndTempCashInvstGrp/EOYAmt039226
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0337688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0907594
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01245282
IRS990ScheduleD/ExpensesSubtotalAmt06826580
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0450000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02028906
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110329
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred outflows of resources
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net Pension Asset
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0176819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11553564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22079687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35792209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Compensated Absences
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Pension liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred inflows of resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Net OPEB Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt06415043
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0787688
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02039235
IRS990ScheduleD/TotalExpensesPerForm990Amt06826580
IRS990ScheduleD/TotalLiabilityAmt09602279
IRS990ScheduleD/TotalRevenuePerForm990Amt06415043
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06415043
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06826580
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/ExplanationTxt0Acadia NorthStar, LLC - accounting and business services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each 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/ExplanationTxt3Compensation 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 individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation 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 individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing 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 A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Vance Charter School Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0461378289
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Rent of Building
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012c
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02090 Ross Mill Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Henderson
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,244,522
Liabilities
$9,636,784
Net assets
-$6,392,262
Revenue
$6,415,043
Expenses
$6,826,580
Net income
-$411,537
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
2018Detailed filing. Detailed filing data is available for this year.$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