Civic Intelligence

Millennium Education Foundation Inc.

990 • Fiscal year 2017 • EIN 56-2155785

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 15, 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

83rd percentile

0.81x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

60th percentile

0.34x

Higher debt load relative to revenue than 60% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Net Margin

29th percentile

-0.5%

Higher net margin than 29% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

70th percentile

$173,800

Higher top officer pay than 70% of similar nonprofits.

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

2017 filings • NTEE B • $5M-$10M nonprofits • Source year 2017

Asset Growth

1st percentile

-60%

Faster asset growth than 1% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2017 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$2,634,281

Down $4,031,474 (-60%) from 2016

Net Assets

Up

$510,700

Up $413,586 (+426%) from 2016

Liabilities

Down

$2,123,581

Down $4,445,060 (-68%) from 2016

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin29th percentile

Revenue

Up

$6,233,538

Up $756,433 (+14%) from 2016

Expenses

Up

$6,263,842

Up $882,367 (+16%) from 2016

Net Income

Down

-$30,304

Down $125,934 (-132%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2017

Assets$2,634,281
Liabilities$2,123,581
Net Assets$510,700
Open 2017 Filing

Operations Trend

Revenue Growth67th 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

2017

Revenue$6,233,538
Expenses$6,263,842
Net Income-$30,304
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 15, 2017
Return Version
2016v3.0
Gross Receipts
$6,233,538
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
Prepaid Expenses and Deferred Charges$317,217$1,249,843▲ $932,626
Cash and Non-Interest-Bearing Accounts$804,046$888,870▲ $84,824
Land, Buildings, and Equipment, Net$5,467,636$391,490▼ $5,076,146
Savings and Temporary Cash Investments-$89,417-
Accounts Receivable$76,856$14,661▼ $62,195
Total Assets$6,665,755$2,634,281▼ $4,031,474
Liabilities
Other Liabilities$743,169$1,820,540▲ $1,077,371
Mortgage Notes Payable Secured by Investment Property$5,631,441$187,927▼ $5,443,514
Deferred Revenue$140,497$88,185▼ $52,312
Accounts Payable and Accrued Expenses$53,534$26,929▼ $26,605
Total Liabilities$6,568,641$2,123,581▼ $4,445,060
Net Assets / Fund Balance
Unrestricted Net Assets$97,114$510,700▲ $413,586
Total Net Assets Fund Balance$97,114$510,700▲ $413,586
Total Liabilities and Net Assets / Fund Balance$6,665,755$2,634,281▼ $4,031,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$151,326$1,096,946$1,248,272
Land$240,164-$240,164
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kirby R MccraryHeadmasterFT$130,503$43,297$173,800

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
$5,932,092
Program Service Revenue
$247,299
Investment Income
$3,894
Other Revenue
$50,253
All Other Contributions
$14,336
Change in Net Assets
$-30,304

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,233,538
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$443,890
Total Revenue per Audited Statements
$6,677,428
Total Revenue per Form 990
$6,233,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,548,160
Other Expenses$1,715,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,999,075$134,127-$3,133,202
Other Expenses$532,809$646,988-$532,809
Other Employee Benefits$505,529$15,387-$520,916
Pension Plan Contributions$465,345$8,131-$473,476
Payroll Taxes$226,569$9,974-$236,543
Interest-$212,594-$212,594
Current Officers, Directors, Trustees, and Key Employees$184,023--$184,023
Occupancy-$165,000-$165,000
Depreciation Depletion$110,497$47,794-$158,291
Total Functional Expenses$5,023,847$1,239,995$0$6,263,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,263,842
Total Expenses per Audited Statements$6,263,842
Total Expenses per Form 990$6,263,842
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$1,681,957
Compensated Absences$138,583
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“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
2017-12-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Gwyn
Formed
2000
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
8
Employees
139
Volunteers
624

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.”

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IRS990/OccupancyGrp/TotalAmt0165000
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015387
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0505529
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0520916
IRS990/OtherExpensesGrp/Desc0SUPPORTING SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL PROGRAMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0646988
IRS990/OtherExpensesGrp/ProgramServicesAmt0532809
IRS990/OtherExpensesGrp/TotalAmt0646988
IRS990/OtherExpensesGrp/TotalAmt1532809
IRS990/OtherLiabilitiesGrp/BOYAmt0743169
IRS990/OtherLiabilitiesGrp/EOYAmt01820540
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUNDS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLENEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt018970
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt116773
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018970
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt116773
IRS990/OtherRevenueTotalAmt035743
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0134127
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02999075
IRS990/OtherSalariesAndWagesGrp/TotalAmt03133202
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09974
IRS990/PayrollTaxesGrp/ProgramServicesAmt0226569
IRS990/PayrollTaxesGrp/TotalAmt0236543
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08131
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0465345
IRS990/PensionPlanContributionsGrp/TotalAmt0473476
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0317217
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01249843
IRS990/PrincipalOfficerNm0KEN GWYN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SCHOOL ACTIVITY REVENU
IRS990/ProgramServiceRevenueGrp/Desc2BEFORE AND AFTER SCHOO
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0107253
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt196616
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0107253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt196616
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243430
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05158183
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-16630
IRS990/PYOtherExpensesAmt01528612
IRS990/PYOtherRevenueAmt064833
IRS990/PYProgramServiceRevenueAmt0270719
IRS990/PYRevenuesLessExpensesAmt095630
IRS990/PYSalariesCompEmpBnftPaidAmt03852863
IRS990/PYTotalExpensesAmt05381475
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05477105
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-30304
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt014510
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0283042
IRS990/SavingsAndTempCashInvstGrp/EOYAmt089417
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/EquipmentGrp/BookValueAmt0151326
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01096946
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01248272
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06263842
IRS990ScheduleD/LandGrp/BookValueAmt0240164
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0240164
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0443890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0138583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11681957
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt0443890
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06233538
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0391490
IRS990ScheduleD/TotalExpensesPerForm990Amt06263842
IRS990ScheduleD/TotalLiabilityAmt01820540
IRS990ScheduleD/TotalRevenuePerForm990Amt06233538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06677428
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06263842
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/BaseCompensationFilingOrgAmt0130503
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018512
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024785
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KIRBY R MCCRARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0HEADMASTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173800
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 11B
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:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd01
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,634,281
Liabilities
$2,123,581
Net assets
$510,700
Revenue
$6,233,538
Expenses
$6,263,842
Net income
-$30,304
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
2017Detailed filing. Detailed filing data is available for this year.$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