Civic Intelligence

Millennium Education Foundation Inc.

990 • Fiscal year 2016 • EIN 56-2155785

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

Organization ProfileWWW.MCACADEMY.COM
500 Old Springs RoadMount Airy, NC 27030

(336) 789-7570

Siviq Scores

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

Liabilities / Assets

91st percentile

0.99x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.20x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Net Margin

44th percentile

1.7%

Higher net margin than 44% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$153,403

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2016 filings • NTEE B • $5M-$10M nonprofits • Source year 2016

Asset Growth

52nd percentile

4.3%

Faster asset growth than 52% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

9.1%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$6,665,755

Up $274,988 (+4.3%) from 2015

Net Assets

Up

$97,114

Up $95,630 (+6444%) from 2015

Liabilities

Up

$6,568,641

Up $179,358 (+2.8%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin44th percentile

Revenue

Up

$5,477,105

Up $458,368 (+9.1%) from 2015

Expenses

Up

$5,381,475

Up $606,975 (+13%) from 2015

Net Income

Down

$95,630

Down $148,607 (-61%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2016

Assets$6,665,755
Liabilities$6,568,641
Net Assets$97,114
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

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

2016

Revenue$5,477,105
Expenses$5,381,475
Net Income$95,630
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$5,498,735
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$5,459,503$5,467,636▲ $8,133
Cash and Non-Interest-Bearing Accounts$709,911$804,046▲ $94,135
Prepaid Expenses and Deferred Charges$211,045$317,217▲ $106,172
Accounts Receivable$10,308$76,856▲ $66,548
Total Assets$6,390,767$6,665,755▲ $274,988
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,468,172$5,631,441▲ $163,269
Other Liabilities$262,750$743,169▲ $480,419
Deferred Revenue$633,900$140,497▼ $493,403
Accounts Payable and Accrued Expenses$24,461$53,534▲ $29,073
Total Liabilities$6,389,283$6,568,641▲ $179,358
Net Assets / Fund Balance
Unrestricted Net Assets$1,484$97,114▲ $95,630
Total Net Assets Fund Balance$1,484$97,114▲ $95,630
Total Liabilities and Net Assets / Fund Balance$6,390,767$6,665,755▲ $274,988

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,749,561$1,686,066$6,435,627
Equipment$176,847$1,025,053$1,201,900
Land$541,228-$541,228
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kirby R MccraryHeadmasterFT$120,420$32,983$153,403

Board Members and Trustees

NameTitle
Ken GwynPresident
David HiattVice President
Christopher WillinghamBoard Member
Hugh Campbell IiiBoard Member
Mark HamptonBoard Member
Renee FrancisBoard Member
Susie ShipleyBoard Member
Marty DanleySecretary
Greg MarshallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,158,183
Program Service Revenue
$270,719
Investment Income
$-16,630
Other Revenue
$64,833
All Other Contributions
$1,030
Change in Net Assets
$95,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,477,105
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,477,105
Total Revenue per Form 990
$5,477,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,852,863
Other Expenses$1,528,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,585,360$115,396-$2,700,756
Other Employee Benefits$416,017$13,796-$429,813
Interest-$364,964-$364,964
Pension Plan Contributions$355,595$7,329-$362,924
Other Expenses$289,857$626,708-$289,857
Depreciation Depletion$172,958$74,125-$247,083
Payroll Taxes$195,913$9,199-$205,112
Current Officers, Directors, Trustees, and Key Employees$154,258--$154,258
Total Functional Expenses$4,169,958$1,211,517$0$5,381,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,381,475
Total Expenses per Audited Statements$5,381,475
Total Expenses per Form 990$5,381,475
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
Net Pension Liability$632,748
Compensated Absences$110,421
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 establish 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

Filer Name
Millennium Education Foundation Inc
EIN
56-2155785
Phone
3367897570
Address
500 OLD SPRINGS ROAD, MOUNT AIRY, NC 27030

Signing Officer

Name
Greg Marshall
Title
Treasurer
Phone
3367897570
Signed
2017-02-08
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
137
Volunteers
574

Preparer

Firm
Thomas Judy & Tucker P a
Address
4700 FALLS OF NEUSE ROAD SUITE 400, RALEIGH, NC 27609
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 465 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/BOYAmt024461
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt053534
IRS990/AccountsReceivableGrp/BOYAmt010308
IRS990/AccountsReceivableGrp/EOYAmt076856
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/AllOtherContributionsAmt01030
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LBA HAYNES STRAND PLLC
IRS990/BooksInCareOfDetail/PhoneNum07048411120
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0212 W MATTHEWS STREET SUITE 102
IRS990/BooksInCareOfDetail/USAddress/CityNm0MATTHEWS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028105
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0709911
IRS990/CashNonInterestBearingGrp/EOYAmt0804046
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0154258
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0154258
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt05158183
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-16630
IRS990/CYOtherExpensesAmt01528612
IRS990/CYOtherRevenueAmt064833
IRS990/CYProgramServiceRevenueAmt0270719
IRS990/CYRevenuesLessExpensesAmt095630
IRS990/CYSalariesCompEmpBnftPaidAmt03852863
IRS990/CYTotalExpensesAmt05381475
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05477105
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0633900
IRS990/DeferredRevenueGrp/EOYAmt0140497
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt074125
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0172958
IRS990/DepreciationDepletionGrp/TotalAmt0247083
IRS990/Desc0OPERATION OF A CHARTER PUBLIC SCHOOL IN MOUNT AIRY, NC SERVING APPROXIMATELY 671 STUDENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0137
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04169958
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
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/OtherCompensationAmt932983
IRS990/Form990PartVIISectionAGrp/PersonNm0KEN GWYN
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG MARSHALL
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID HIATT
IRS990/Form990PartVIISectionAGrp/PersonNm3SUSIE SHIPLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4HUGH CAMPBELL III
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTOPHER WILLINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm6MARTY DANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7RENEE FRANCIS
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK HAMPTON
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/ReportableCompFromOrgAmt9120420
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/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
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/GainOrLossGrp/OtherAmt0-16630
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt05157153
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt05000
IRS990/GrossReceiptsAmt05498735
IRS990/GrossRentsGrp/RealAmt011952
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt0364964
IRS990/InterestGrp/TotalAmt0364964
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02711119
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05459503
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05467636
IRS990/LandBldgEquipCostOrOtherBssAmt08178755
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt021630
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/BOYAmt05468172
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05631441
IRS990/NetAssetsOrFundBalancesBOYAmt01484
IRS990/NetAssetsOrFundBalancesEOYAmt097114
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-16630
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-16630
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt011952
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt011952
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013796
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0416017
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0429813
IRS990/OtherExpensesGrp/Desc0SUPPORTING SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL PROGRAMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0626708
IRS990/OtherExpensesGrp/ProgramServicesAmt0289857
IRS990/OtherExpensesGrp/TotalAmt0626708
IRS990/OtherExpensesGrp/TotalAmt1289857
IRS990/OtherLiabilitiesGrp/BOYAmt0262750
IRS990/OtherLiabilitiesGrp/EOYAmt0743169
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLENEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REFUNDS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt041607
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111274
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt041607
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111274
IRS990/OtherRevenueTotalAmt052881
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0115396
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02585360
IRS990/OtherSalariesAndWagesGrp/TotalAmt02700756
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09199
IRS990/PayrollTaxesGrp/ProgramServicesAmt0195913
IRS990/PayrollTaxesGrp/TotalAmt0205112
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07329
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0355595
IRS990/PensionPlanContributionsGrp/TotalAmt0362924
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0211045
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0317217
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/RelatedOrExemptFuncIncomeAmt0114752
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1111222
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt244745
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114752
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1111222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt244745
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04738621
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01396697
IRS990/PYOtherRevenueAmt042742
IRS990/PYProgramServiceRevenueAmt0237374
IRS990/PYRevenuesLessExpensesAmt0244237
IRS990/PYSalariesCompEmpBnftPaidAmt03377803
IRS990/PYTotalExpensesAmt04774500
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05018737
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt095630
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt011952
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0323600
IRS990ScheduleA/SchoolInd0X
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/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt04749561
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01686066
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06435627
IRS990ScheduleD/EquipmentGrp/BookValueAmt0176847
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01025053
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01201900
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05381475
IRS990ScheduleD/LandGrp/BookValueAmt0541228
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0541228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0110421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1632748
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05477105
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05467636
IRS990ScheduleD/TotalExpensesPerForm990Amt05381475
IRS990ScheduleD/TotalLiabilityAmt0743169
IRS990ScheduleD/TotalRevenuePerForm990Amt05477105
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05477105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05381475
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0120420
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018274
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt014709
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIRBY R MCCRARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEADMASTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0153403
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
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 ESTABLISH 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06390767
IRS990/TotalAssetsEOYAmt06665755
IRS990/TotalAssetsGrp/BOYAmt06390767
IRS990/TotalAssetsGrp/EOYAmt06665755
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt05158183
IRS990/TotalEmployeeCnt0137

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,665,755
Liabilities
$6,568,641
Net assets
$97,114
Revenue
$5,477,105
Expenses
$5,381,475
Net income
$95,630
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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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