Civic Intelligence

Millennium Education Foundation Inc.

990 • Fiscal year 2014 • EIN 56-2155785

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 21, 2014

Organization ProfileWWW.MCACADEMY.COM
500 Old Springs Road27030

(336) 789-7570

Siviq Scores

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

Liabilities / Assets

90th percentile

0.91x

Higher debt load relative to assets than 90% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

1.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Net Margin

35th percentile

-0.3%

Higher net margin than 35% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

48th percentile

$128,401

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • NTEE B • $5M-$10M nonprofits • Source year 2014

Asset Growth

73rd percentile

15%

Faster asset growth than 73% of similar nonprofits.

2014 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$5,566,955

Up $715,633 (+15%) from 2013

Net Assets

Down

$486,786

Down $14,315 (-2.9%) from 2013

Liabilities

Up

$5,080,169

Up $729,948 (+17%) from 2013

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin35th percentile

Revenue

$4,161,773

No earlier filing loaded for comparison.

Expenses

Up

$4,176,088

Up $110,117 (+2.7%) from 2013

Net Income

-$14,315

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2010: $5,368,772Liabilities 2010: $4,459,592Net Assets 2010: $909,1802010Assets 2011: $5,180,163Liabilities 2011: $4,324,001Net Assets 2011: $856,1622011Assets 2012: $5,071,062Liabilities 2012: $4,297,922Net Assets 2012: $773,1402012Assets 2013: $4,851,322Liabilities 2013: $4,350,221Net Assets 2013: $501,1012013Assets 2014: $5,566,955Liabilities 2014: $5,080,169Net Assets 2014: $486,7862014Assets 2015: $6,390,767Liabilities 2015: $6,389,283Net Assets 2015: $1,4842015Assets 2016: $6,665,755Liabilities 2016: $6,568,641Net Assets 2016: $97,1142016Assets 2017: $2,634,281Liabilities 2017: $2,123,581Net Assets 2017: $510,7002017Assets 2018: $4,112,638Liabilities 2018: $11,073,652Net Assets 2018: -$6,961,0142018Assets 2019: $5,420,908Liabilities 2019: $12,415,550Net Assets 2019: -$6,994,6422019Assets 2020: $5,114,806Liabilities 2020: $12,428,676Net Assets 2020: -$7,313,8702020Assets 2021: $5,261,628Liabilities 2021: $12,460,197Net Assets 2021: -$7,198,5692021Assets 2022: $6,293,504Liabilities 2022: $11,832,979Net Assets 2022: -$5,539,4752022Assets 2023: $7,433,476Liabilities 2023: $11,577,218Net Assets 2023: -$4,143,7422023Assets 2024: $8,024,754Liabilities 2024: $11,397,314Net Assets 2024: -$3,372,5602024

Highlighted filing

2014

Assets$5,566,955
Liabilities$5,080,169
Net Assets$486,786
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$10M$5.0M$0-$5.0MExpenses 2010: $3,538,4002010Expenses 2011: $3,678,3122011Expenses 2012: $3,695,6432012Expenses 2013: $4,065,9712013Revenue 2014: $4,161,773Expenses 2014: $4,176,088Net Income 2014: -$14,3152014Revenue 2015: $5,018,737Expenses 2015: $4,774,500Net Income 2015: $244,2372015Revenue 2016: $5,477,105Expenses 2016: $5,381,475Net Income 2016: $95,6302016Revenue 2017: $6,233,538Expenses 2017: $6,263,842Net Income 2017: -$30,3042017Revenue 2018: $7,200,621Expenses 2018: $7,619,439Net Income 2018: -$418,8182018Revenue 2019: $7,502,080Expenses 2019: $7,535,708Net Income 2019: -$33,6282019Revenue 2020: $7,385,518Expenses 2020: $7,704,746Net Income 2020: -$319,2282020Revenue 2021: $7,675,504Expenses 2021: $7,560,514Net Income 2021: $114,9902021Revenue 2022: $8,540,649Expenses 2022: $6,999,808Net Income 2022: $1,540,8412022Revenue 2023: $7,439,334Expenses 2023: $6,374,192Net Income 2023: $1,065,1422023Revenue 2024: $7,493,358Expenses 2024: $6,722,176Net Income 2024: $771,1822024

Highlighted filing

2014

Revenue$4,161,773
Expenses$4,176,088
Net Income-$14,315
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 21, 2014
Return Version
2013v3.0
Gross Receipts
$4,161,773
Mission and Program Overview

Mission

Operation of a north carolina public charter school

Millenium charter academy is an independent public school whose classroom is the community, which invites parents, teachers, students and the community to collectively challenge each child to achieve superior academic standards and to develop the highest moral character. We expand educational choice with an innovative, student-centered environment producing life-long learners equipped with the knowledge and critical thinking skills necessary to become leaders in the 21st century.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,505,074$5,102,823▲ $597,749
Cash and Non-Interest-Bearing Accounts$332,785$357,836▲ $25,051
Accounts Receivable$6,797$103,338▲ $96,541
Pledges and Grants Receivable$4,524--
Prepaid Expenses and Deferred Charges$2,142$2,958▲ $816
Total Assets$4,851,322$5,566,955▲ $715,633
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,202,132$4,658,936▲ $456,804
Accounts Payable and Accrued Expenses$46,989$343,654▲ $296,665
Other Liabilities$99,217$75,504▼ $23,713
Deferred Revenue$1,883$2,075▲ $192
Total Liabilities$4,350,221$5,080,169▲ $729,948
Net Assets / Fund Balance
Unrestricted Net Assets$496,577$482,167▼ $14,410
Temporarily Rstr Net Assets$4,524$4,619▲ $95
Total Net Assets Fund Balance$501,101$486,786▼ $14,315
Total Liabilities and Net Assets / Fund Balance$4,851,322$5,566,955▲ $715,633

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,862,885$1,347,521$5,210,406
Equipment$917,244$863,995$1,781,239
Land$322,694-$322,694
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kirby R MccraryHeadmasterFT$112,170$16,231$128,401

Board Members and Trustees

NameTitle
Ken GwynChairman
David HiattVice President
Christopher WillinghamBoard Member
Hugh Campbell IiiBoard Member
Marty DanleyBoard Member
Renee FrancisBoard Member
Susie ShipleyBoard Member
Erik MoledorSecretary
Greg MarshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,913,198
Program Service Revenue
$212,996
Investment Income
$0
Other Revenue
$35,579
All Other Contributions
$35,338
Change in Net Assets
$-14,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,161,773
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,161,773
Total Revenue per Form 990
$4,161,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,696,042
Other Expenses$1,480,046
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,873,643$113,018-$1,986,661
Other Expenses$535,238$466,578-$466,578
Interest-$273,674-$273,674
Pension Plan Contributions$261,439$7,814-$269,253
Depreciation Depletion$143,189$61,367-$204,556
Other Employee Benefits$140,603$13,714-$154,317
Payroll Taxes$145,337$8,623-$153,960
Current Officers, Directors, Trustees, and Key Employees$131,851--$131,851
Total Functional Expenses$3,231,300$944,788$0$4,176,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,176,088
Total Expenses per Audited Statements$4,176,088
Total Expenses per Form 990$4,176,088
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Compensated Absences$75,504
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 11

“The form 990 will be circulated among the board of directors for review before filing the return.”

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

“Following full disclosure of a possible conflict of interest the board of directors shall determine whether a conflict of interest exists and, if so, the board shall vote to authorize or reject the transaction and/or condition. Both votes shall be by majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum, provided that at least one consenting director is disinterested. An interested director, officer, or staff member shall not participate in any discussion or debate of the board of directors, or any committee thereof, in which the subject of discussion is a contract, transaction, or situation in which there may be a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The compensation committee reviews and approves compensation for the headmaster and its key employees. Compensation surveys and written employment contracts are used to establich the compensation.”

Form 990, Part VI, Section C, Line 19

“All records required by the federal government and the state of nc are public and available upon request.”

Filing and Contact Details

Filer

EIN
56-2155785
Phone
3367897570

Signing Officer

Name
Greg Marshall
Title
Treasurer
Phone
3367897570
Signed
2014-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Gwyn
Formed
2000
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
114
Volunteers
459

Preparer

Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes to the oversight process from prior year.”

Raw XML AppendixShowing 400 of 423 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt046989
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0343654
IRS990/AccountsReceivableGrp/BOYAmt06797
IRS990/AccountsReceivableGrp/EOYAmt0103338
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MILLENIUM CHARTER ACADEMY IS AN INDEPENDENT PUBLIC SCHOOL WHOSE CLASSROOM IS THE COMMUNITY, WHICH INVITES PARENTS, TEACHERS, STUDENTS AND THE COMMUNITY TO COLLECTIVELY CHALLENGE EACH CHILD TO ACHIEVE SUPERIOR ACADEMIC STANDARDS AND TO DEVELOP THE HIGHEST MORAL CHARACTER. WE EXPAND EDUCATIONAL CHOICE WITH AN INNOVATIVE, STUDENT-CENTERED ENVIRONMENT PRODUCING LIFE-LONG LEARNERS EQUIPPED WITH THE KNOWLEDGE AND CRITICAL THINKING SKILLS NECESSARY TO BECOME LEADERS IN THE 21ST CENTURY.
IRS990/AllOtherContributionsAmt035338
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10ACADIA NORTHSTAR CONSULTING
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine105029 FALLS OF THE NEUSE ROAD
IRS990/BooksInCareOfDetail/USAddress/City0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/State0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCode027609
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0332785
IRS990/CashNonInterestBearingGrp/EOYAmt0357836
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0131851
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0131851
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03913198
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01480046
IRS990/CYOtherRevenueAmt035579
IRS990/CYProgramServiceRevenueAmt0212996
IRS990/CYRevenuesLessExpensesAmt0-14315
IRS990/CYSalariesCompEmpBnftPaidAmt02696042
IRS990/CYTotalExpensesAmt04176088
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04161773
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01883
IRS990/DeferredRevenueGrp/EOYAmt02075
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt061367
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0143189
IRS990/DepreciationDepletionGrp/TotalAmt0204556
IRS990/Desc0OPERATION OF A CHARTER PUBLIC SCHOOL IN MOUNT AIRY, NC SERVING APPROXIMATELY 527 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0114
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03231300
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
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/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/OtherCompensationAmt916231
IRS990/Form990PartVIISectionAGrp/PersonNm0KEN GWYN
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIK MOLEDOR
IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID HIATT
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSIE SHIPLEY
IRS990/Form990PartVIISectionAGrp/PersonNm5HUGH CAMPBELL III
IRS990/Form990PartVIISectionAGrp/PersonNm6CHRISTOPHER WILLINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm7MARTY DANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8RENEE FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm9KIRBY R MCCRARY
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/ReportableCompFromOrgAmt9112170
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9HEADMASTER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt03877860
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04161773
IRS990/GrossRentsGrp/RealAmt015598
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0273674
IRS990/InterestGrp/TotalAmt0273674
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02211516
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04505074
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05102823
IRS990/LandBldgEquipCostOrOtherBssAmt07314339
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MILLENIUM CHARTER ACADEMY IS AN INDEPENDENT PUBLIC SCHOOL WHOSE CLASSROOM IS THE COMMUNITY, WHICH INVITES PARENTS, TEACHERS, STUDENTS AND THE COMMUNITY TO COLLECTIVELY CHALLENGE EACH CHILD TO ACHIEVE SUPERIOR ACADEMIC STANDARDS AND TO DEVELOP THE HIGHEST MORAL CHARACTER. WE EXPAND EDUCATIONAL CHOICE WITH AN INNOVATIVE, STUDENT-CENTERED ENVIRONMENT PRODUCING LIFE-LONG LEARNERS EQUIPPED WITH THE KNOWLEDGE AND CRITICAL THINKING SKILLS NECESSARY TO BECOME LEADERS IN THE 21ST CENTURY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04202132
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04658936
IRS990/NetAssetsOrFundBalancesBOYAmt0501101
IRS990/NetAssetsOrFundBalancesEOYAmt0486786
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt015598
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015598
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013714
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0140603
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0154317
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL PROGRAMS
IRS990/OtherExpensesGrp/Desc1SUPPORTING SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0466578
IRS990/OtherExpensesGrp/ProgramServicesAmt0535238
IRS990/OtherExpensesGrp/TotalAmt0535238
IRS990/OtherExpensesGrp/TotalAmt1466578
IRS990/OtherLiabilitiesGrp/BOYAmt099217
IRS990/OtherLiabilitiesGrp/EOYAmt075504
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUNDS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLENEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt010023
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt19958
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt19958
IRS990/OtherRevenueTotalAmt019981
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0113018
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01873643
IRS990/OtherSalariesAndWagesGrp/TotalAmt01986661
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08623
IRS990/PayrollTaxesGrp/ProgramServicesAmt0145337
IRS990/PayrollTaxesGrp/TotalAmt0153960
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07814
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0261439
IRS990/PensionPlanContributionsGrp/TotalAmt0269253
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04524
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02142
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02958
IRS990/PrincipalOfficerNm0KEN GWYN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL ACTIVITY REVENU
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2BEFORE AND AFTER SCHOO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093292
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt179794
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt239910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093292
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt179794
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt239910
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03597992
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02013
IRS990/PYOtherExpensesAmt01431638
IRS990/PYOtherRevenueAmt024925
IRS990/PYProgramServiceRevenueAmt0169002
IRS990/PYRevenuesLessExpensesAmt0-272039
IRS990/PYSalariesCompEmpBnftPaidAmt02634333
IRS990/PYTotalExpensesAmt04065971
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03793932
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-14315
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt015598
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0232977
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03862885
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01347521
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05210406
IRS990ScheduleD/EquipmentGrp/BookValueAmt0917244
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0863995
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01781239
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04176088
IRS990ScheduleD/LandGrp/BookValueAmt0322694
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0322694
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075504
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04161773
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05102823
IRS990ScheduleD/TotalExpensesPerForm990Amt04176088
IRS990ScheduleD/TotalLiabilityAmt075504
IRS990ScheduleD/TotalRevenuePerForm990Amt04161773
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04161773
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04176088
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd00
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MILLENIUM CHARTER ACADEMY IS A PUBLIC SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1MILLENIUM CHARTER ACADEMY IS A PUBLIC SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS ORGANIZED AS A CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115C-238-29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3MILLENIUM CHARTER ACADEMY IS A PUBLIC SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E, PART I, LINE 7
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE CIRCULATED AMONG THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION AND/OR CONDITION. BOTH VOTES SHALL BE BY MAJORITY VOTE WITHOUT COUNTING THE VOTE OF ANY INTERESTED DIRECTOR, EVEN IF THE DISINTERESTED DIRECTORS ARE LESS THAN A QUORUM, PROVIDED THAT AT LEAST ONE CONSENTING DIRECTOR IS DISINTERESTED. AN INTERESTED DIRECTOR, OFFICER, OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS, OR ANY COMMITTEE THEREOF, IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR THE HEADMASTER AND ITS KEY EMPLOYEES. COMPENSATION SURVEYS AND WRITTEN EMPLOYMENT CONTRACTS ARE USED TO ESTABLICH THE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL RECORDS REQUIRED BY THE FEDERAL GOVERNMENT AND THE STATE OF NC ARE PUBLIC AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO CHANGES TO THE OVERSIGHT PROCESS FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt04524
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04619
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04851322
IRS990/TotalAssetsEOYAmt05566955
IRS990/TotalAssetsGrp/BOYAmt04851322
IRS990/TotalAssetsGrp/EOYAmt05566955
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03913198
IRS990/TotalEmployeeCnt0114
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0944788
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03231300
IRS990/TotalFunctionalExpensesGrp/TotalAmt04176088
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04350221
IRS990/TotalLiabilitiesEOYAmt05080169
IRS990/TotalLiabilitiesGrp/BOYAmt04350221
IRS990/TotalLiabilitiesGrp/EOYAmt05080169
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0501101
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0486786
IRS990/TotalOtherCompensationAmt016231
IRS990/TotalProgramServiceExpensesAmt03231300
IRS990/TotalProgramServiceRevenueAmt0212996
IRS990/TotalReportableCompFromOrgAmt0112170
IRS990/TotalRevenueGrp/ExclusionAmt015598
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0232977
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04161773
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0459
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04851322
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05566955
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0496577
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0482167
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10500 OLD SPRINGS ROAD
IRS990/USAddress/City0MOUNT AIRY
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode027030
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MCACADEMY.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG MARSHALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03367897570

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
$5,566,955
Liabilities
$5,080,169
Net assets
$486,786
Revenue
$4,161,773
Expenses
$4,176,088
Net income
-$14,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.02$11.4$3.37$7.49$6.72$0.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.43$11.6$4.14$7.44$6.37$1.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.29$11.8$5.54$8.54$7.00$1.54
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$12.5$7.20$7.68$7.56$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.11$12.4$7.31$7.39$7.70$0.32
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$12.4$6.99$7.50$7.54$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.11$11.1$6.96$7.20$7.62$0.42
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$2.12$0.51$6.23$6.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$6.67$6.57$0.10$5.48$5.38$0.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.39$6.39$0.00$5.02$4.77$0.24
2014Detailed filing. Detailed filing data is available for this year.$5.57$5.08$0.49$4.16$4.18$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$4.35$0.50$4.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$4.30$0.77$3.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$4.32$0.86$3.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$4.46$0.91$3.54