Civic Intelligence

Northeast Raleigh Charter Academy

990 • Fiscal year 2016 • EIN 56-2160665

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 02, 2016

Organization Profilewww.torchlightacademy.org
3211 Bramer DriveRaleigh, NC 27604

(919) 850-9960

Siviq Scores

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

Liabilities / Assets

57th percentile

0.15x

Higher debt load relative to assets than 57% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

24th percentile

0.02x

Higher debt load relative to revenue than 24% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

27th percentile

-5.8%

Higher net margin than 27% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

4th percentile

-32%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

76th percentile

19%

Faster revenue growth than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$552,982

Down $255,174 (-32%) from 2015

Net Assets

Down

$468,049

Down $276,843 (-37%) from 2015

Liabilities

Up

$84,933

Up $21,669 (+34%) from 2015

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin27th percentile

Revenue

Up

$4,791,155

Up $752,810 (+19%) from 2015

Expenses

Up

$5,067,998

Up $1,289,836 (+34%) from 2015

Net Income

Down

-$276,843

Down $537,026 (-206%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$1.0M$500K$0Assets 2011: $714,387Liabilities 2011: $313,018Net Assets 2011: $401,3692011Assets 2012: $646,148Liabilities 2012: $235,539Net Assets 2012: $410,6092012Assets 2013: $625,664Liabilities 2013: $141,894Net Assets 2013: $483,7702013Assets 2014: $586,637Liabilities 2014: $101,928Net Assets 2014: $484,7092014Assets 2015: $808,156Liabilities 2015: $63,264Net Assets 2015: $744,8922015Assets 2016: $552,982Liabilities 2016: $84,933Net Assets 2016: $468,0492016Assets 2017: $368,133Liabilities 2017: $110,715Net Assets 2017: $257,4182017Assets 2018: $319,079Liabilities 2018: $38,629Net Assets 2018: $280,4502018Assets 2019: $223,600Liabilities 2019: $45,765Net Assets 2019: $177,8352019Assets 2020: $401,100Liabilities 2020: $227,741Net Assets 2020: $173,3592020Assets 2021: $316,627Liabilities 2021: $51,060Net Assets 2021: $265,5672021Assets 2022: $80,286Liabilities 2022: $44,807Net Assets 2022: $35,4792022

Highlighted filing

2016

Assets$552,982
Liabilities$84,933
Net Assets$468,049
Open 2016 Filing

Operations Trend

Revenue Growth76th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $3,487,5772011Expenses 2012: $3,378,9712012Revenue 2013: $3,408,194Expenses 2013: $3,335,033Net Income 2013: $73,1612013Revenue 2014: $3,881,329Expenses 2014: $3,880,390Net Income 2014: $9392014Revenue 2015: $4,038,345Expenses 2015: $3,778,162Net Income 2015: $260,1832015Revenue 2016: $4,791,155Expenses 2016: $5,067,998Net Income 2016: -$276,8432016Revenue 2017: $5,077,838Expenses 2017: $5,288,469Net Income 2017: -$210,6312017Revenue 2018: $5,101,683Expenses 2018: $5,078,651Net Income 2018: $23,0322018Revenue 2019: $6,140,307Expenses 2019: $6,242,922Net Income 2019: -$102,6152019Revenue 2020: $6,359,034Expenses 2020: $6,363,510Net Income 2020: -$4,4762020Revenue 2021: $7,599,186Expenses 2021: $7,506,978Net Income 2021: $92,2082021Revenue 2022: $7,033,249Expenses 2022: $7,263,337Net Income 2022: -$230,0882022

Highlighted filing

2016

Revenue$4,791,155
Expenses$5,067,998
Net Income-$276,843
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 2, 2016
Return Version
2015v2.1
Gross Receipts
$4,791,155
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$435,856$241,399▼ $194,457
Land, Buildings, and Equipment, Net$210,096$163,425▼ $46,671
Accounts Receivable$158,497$148,158▼ $10,339
Prepaid Expenses and Deferred Charges$3,707--
Total Assets$808,156$552,982▼ $255,174
Liabilities
Accounts Payable and Accrued Expenses$45,862$84,933▲ $39,071
Deferred Revenue$17,402--
Total Liabilities$63,264$84,933▲ $21,669
Net Assets / Fund Balance
Unrestricted Net Assets$534,796$304,624▼ $230,172
Temporarily Rstr Net Assets$210,096$163,425▼ $46,671
Total Net Assets Fund Balance$744,892$468,049▼ $276,843
Total Liabilities and Net Assets / Fund Balance$808,156$552,982▼ $255,174

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,944$303,870$376,814
Leasehold Improvements$90,481$70,551$161,032
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Pam Banks-leeChair
Bennie BakerVice Chair
Claude LeeDirector
Iyaliu MosesDirector
James MontagueDirector
Tammy LeakDirector
Tyjuanna LabennetteTreas/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$4,733,238
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$57,917
Change in Net Assets
$-276,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,791,155
Total Revenue per Audited Statements
$4,791,155
Total Revenue per Form 990
$4,791,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,827,082
Salaries, Compensation, and Employee Benefits$240,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$212,370$0$0$212,370
Depreciation Depletion$29,503$17,168$0$46,671
Payroll Taxes$25,921$0$0$25,921
Conferences and Meetings$10,287$0$0$10,287
Other Expenses$296$2,235$0$2,531
Fees for Services Legal$0$2,075$0$2,075
Pension Plan Contributions$1,625$0$0$1,625
Office Expenses$411$745$0$1,156
Other Employee Benefits$1,000$0$0$1,000
Total Functional Expenses$5,042,068$25,930$0$5,067,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,067,998
Total Expenses per Audited Statements$5,067,998
Total Expenses per Form 990$5,067,998
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Vehicle Sales----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Northeast Raleigh Charter Academy
EIN
56-2160665
Phone
9198509960
Address
3211 Bramer Drive, Raleigh, NC 27604

Signing Officer

Name
Pam Banks-lee
Title
Chair
Phone
9198509960
Signed
2016-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donnie Mcqueen
Formed
1999
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
43
Volunteers
28

Preparer

Firm
Darrell L Keller CPA PA
Address
PO Box 1028, Kings Mountain, NC 28086
Preparer
Darrell L Keller
Phone
7047390771
Supplemental Narrative

Additional Explanations

Pt VI, Line 15B

“Compared to other charter schools and if budget can work.”

Pt VI, Line 11B

“The Executive Director and Board review prior to filing.”

Pt VI, Line 12C

“Board members sign Conflict of Interest annually.”

Pt VI, Line 15A

“Compared to other charter schools and if budget can work.”

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

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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0210096
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0163425
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0808156
IRS990/TotalAssetsEOYAmt0552982
IRS990/TotalAssetsGrp/BOYAmt0808156
IRS990/TotalAssetsGrp/EOYAmt0552982
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04733238
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05042068
IRS990/TotalFunctionalExpensesGrp/TotalAmt05067998
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt063264
IRS990/TotalLiabilitiesEOYAmt084933
IRS990/TotalLiabilitiesGrp/BOYAmt063264
IRS990/TotalLiabilitiesGrp/EOYAmt084933
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0744892
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0468049
IRS990/TotalProgramServiceExpensesAmt05042068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt057917
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04791155
IRS990/TotalVolunteersCnt028
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0808156
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0552982
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0534796
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0304624
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03211 Bramer Drive
IRS990/USAddress/CityNm0Raleigh
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027604
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0www.torchlightacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAM BANKS-LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09198509960
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Northeast Raleigh Charter Academy
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0562160665
ReturnHeader/Filer/PhoneNum09198509960
ReturnHeader/Filer/USAddress/AddressLine1Txt03211 Bramer Drive
ReturnHeader/Filer/USAddress/CityNm0Raleigh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027604
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047390771
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARRELL L KELLER
ReturnHeader/ReturnTs02016-11-14T12:58:00-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$552,982
Liabilities
$84,933
Net assets
$468,049
Revenue
$4,791,155
Expenses
$5,067,998
Net income
-$276,843
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Summary only. Only limited summary data is available for this year.$0.08$0.04$0.04$7.03$7.26$0.23
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.05$0.27$7.60$7.51$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.23$0.17$6.36$6.36$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.05$0.18$6.14$6.24$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.32$0.04$0.28$5.10$5.08$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.11$0.26$5.08$5.29$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.08$0.47$4.79$5.07$0.28
2015Detailed filing. Detailed filing data is available for this year.$0.81$0.06$0.74$4.04$3.78$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.10$0.48$3.88$3.88$0.00
2013Summary only. Only limited summary data is available for this year.$0.63$0.14$0.48$3.41$3.34$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.24$0.41$3.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.31$0.40$3.49