Civic Intelligence

Carmel Educational Foundation

990 • Fiscal year 2021 • EIN 56-2107877

Aug 01, 2020 to Jul 31, 2021 • Filed on Nov 16, 2021

1145 Pineville-Matthews RdMatthews, NC 28105

(704) 847-8575

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Net Margin

76th percentile

37%

Higher net margin than 76% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2021 filings • NTEE B • $500k-$1M nonprofits • Source year 2021

Asset Growth

79th percentile

43%

Faster asset growth than 79% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

10%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$512,034

Up $153,571 (+43%) from 2020

Net Assets

Up

$512,034

Up $153,571 (+43%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$503,203

Up $46,658 (+10%) from 2020

Expenses

Down

$316,131

Down $186,661 (-37%) from 2020

Net Income

Up

$187,072

Up $233,319 (+505%) from 2020

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $286,179Liabilities 2010: $0Net Assets 2010: $286,1792010Assets 2011: $480,472Liabilities 2011: $0Net Assets 2011: $480,4722011Assets 2012: $427,612Liabilities 2012: $0Net Assets 2012: $427,6122012Assets 2013: $564,106Liabilities 2013: $0Net Assets 2013: $564,1062013Assets 2014: $692,535Liabilities 2014: $0Net Assets 2014: $692,5352014Assets 2015: $681,967Liabilities 2015: $0Net Assets 2015: $681,9672015Assets 2016: $929,462Liabilities 2016: $0Net Assets 2016: $929,4622016Assets 2017: $307,958Liabilities 2017: $0Net Assets 2017: $307,9582017Assets 2018: $617,444Liabilities 2018: $0Net Assets 2018: $617,4442018Assets 2019: $456,875Liabilities 2019: $0Net Assets 2019: $456,8752019Assets 2020: $358,463Liabilities 2020: $0Net Assets 2020: $358,4632020Assets 2021: $512,034Liabilities 2021: $0Net Assets 2021: $512,0342021Assets 2022: $677,219Liabilities 2022: $0Net Assets 2022: $677,2192022Assets 2023: $1,013,374Liabilities 2023: $0Net Assets 2023: $1,013,3742023Assets 2024: $1,530,281Liabilities 2024: $0Net Assets 2024: $1,530,2812024

Highlighted filing

2021

Assets$512,034
Liabilities$0
Net Assets$512,034

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2010: $253,7012010Expenses 2011: $269,0002011Expenses 2012: $499,4912012Revenue 2013: $336,844Expenses 2013: $200,350Net Income 2013: $136,4942013Revenue 2014: $352,105Expenses 2014: $223,676Net Income 2014: $128,4292014Revenue 2015: $424,367Expenses 2015: $434,935Net Income 2015: -$10,5682015Revenue 2016: $1,047,465Expenses 2016: $799,970Net Income 2016: $247,4952016Revenue 2017: $879,901Expenses 2017: $1,501,405Net Income 2017: -$621,5042017Revenue 2018: $815,992Expenses 2018: $506,506Net Income 2018: $309,4862018Revenue 2019: $924,007Expenses 2019: $609,542Net Income 2019: $314,4652019Revenue 2020: $456,545Expenses 2020: $502,792Net Income 2020: -$46,2472020Revenue 2021: $503,203Expenses 2021: $316,131Net Income 2021: $187,0722021Revenue 2022: $604,652Expenses 2022: $118,491Net Income 2022: $486,1612022Revenue 2023: $806,345Expenses 2023: $329,090Net Income 2023: $477,2552023Revenue 2024: $1,049,257Expenses 2024: $532,350Net Income 2024: $516,9072024

Highlighted filing

2021

Revenue$503,203
Expenses$316,131
Net Income$187,072
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$521,404
Mission and Program Overview

Mission

Christian Education

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$358,463$512,034▲ $153,571
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$358,463$512,034▲ $153,571
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$340,318$493,257▲ $152,939
Net Assets Without Donor Restrictions$18,145$18,777▲ $632
Total Net Assets Fund Balance$358,463$512,034▲ $153,571
Total Liabilities and Net Assets / Fund Balance$358,463$512,034▲ $153,571
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe PoatsChairman
Andrew McCartneyDirector
Andy TarrDirector
Brad BrackmanDirector
Christy HansenDirector
Cindy GruberDirector
Donna GrahamDirector
John JordanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,138
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$148,065
All Other Contributions
$355,138
Change in Net Assets
$187,072

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$54,292Fair Market Value (FMV)
Total Noncash Contributions$54,292-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$316,131
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$316,131--$316,131
Total Functional Expenses$316,131$0$0$316,131
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Carmel Christian SchoolMatthews, NC-Annual/Building Fund$303,657
Carmel Baptist WEE SchoolMatthews, NC-Scholarship/Shadow Program$12,474
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$166,266
Fundraising Direct Expenses$18,201
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
CCS Clay Classic$85,100$85,100$4,824$80,276
Other$81,166$81,166-$81,166
Total Events$166,266$166,266$18,201$148,065
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Chairman reviews draft of the Form 990 before signing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Available upon request

Filing and Contact Details

Filer

Filer Name
Carmel Educational Foundation
EIN
56-2107877
Phone
7048478575
Address
1145 Pineville-Matthews Rd, Matthews, NC 28105

Signing Officer

Name
Joe Poats
Title
Chairman
Signed
2021-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Poats
Formed
1998
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
78

Preparer

Firm
C DeWitt Foard & Co PA CPAs
Address
817 E Morehead Street Ste 100, Charlotte, NC 28202
Preparer
Terry W Lancaster
Phone
7043721515
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

Transfer of net assets = -$33501

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

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0717497
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0786807
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02990137
IRS990ScheduleA/TotalSupportAmt03003837
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Fun Run
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0107701
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt064620
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Boosterthon
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt043081
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018201
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CCS Clay Classic
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Other
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0109
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0109
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt085100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt081166
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0166266
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt085100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt081166
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0166266
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0148065
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0268
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0268
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04824
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04824
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt013000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt013000
IRS990ScheduleG/TotalGrossReceiptsAmt0107701
IRS990ScheduleG/TotalNetToOrganizationAmt064620
IRS990ScheduleG/TotalRetainedByContractorsAmt043081
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt012474
IRS990ScheduleI/RecipientTable/CashGrantAmt1303657
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Scholarship/Shadow Program
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Annual/Building Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Carmel Baptist WEE School
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Carmel Christian School
IRS990ScheduleI/RecipientTable/RecipientEIN0560859484
IRS990ScheduleI/RecipientTable/RecipientEIN1560859484
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01145 Pineville Matthews Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11145 Pinveille Matthews Rd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Matthews
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Matthews
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd028105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128105
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt054292
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Chairman reviews draft of the Form 990 before signing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Transfer of net assets = -$33501
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Carmel Baptist Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Carmel Christian School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0560859484
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1560859484
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt11
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01145 Pineville Matthews Rd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt11145 Pineville Matthews Rd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Matthews
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Matthews
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd128105
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$1.05$0.53$0.52
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.81$0.33$0.48
2022Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.60$0.12$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.50$0.32$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.46$0.50$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.92$0.61$0.31
2018Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.82$0.51$0.31
2017Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.88$1.50$0.62
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$1.05$0.80$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.42$0.43$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.35$0.22$0.13
2013Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.34$0.20$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.00$0.48$0.27
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.25