Civic Intelligence

Northeast Raleigh Charter Academy

990 • Fiscal year 2018 • EIN 56-2160665

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 03, 2019

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

45th percentile

0.12x

Higher debt load relative to assets than 45% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

0.5%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$319,079

Down $49,054 (-13%) from 2017

Net Assets

Up

$280,450

Up $23,032 (+8.9%) from 2017

Liabilities

Down

$38,629

Down $72,086 (-65%) from 2017

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin41st percentile

Revenue

Up

$5,101,683

Up $23,845 (+0.5%) from 2017

Expenses

Down

$5,078,651

Down $209,818 (-4.0%) from 2017

Net Income

Up

$23,032

Up $233,663 (+111%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth7th 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

2018

Assets$319,079
Liabilities$38,629
Net Assets$280,450
Open 2018 Filing

Operations Trend

Revenue Growth39th 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

2018

Revenue$5,101,683
Expenses$5,078,651
Net Income$23,032
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 3, 2019
Return Version
2017v2.2
Gross Receipts
$5,101,683
Mission and Program Overview

Mission

Operate a public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$114,399$210,878▲ $96,479
Land, Buildings, and Equipment, Net$122,884$84,735▼ $38,149
Accounts Receivable$130,850$23,466▼ $107,384
Total Assets$368,133$319,079▼ $49,054
Liabilities
Accounts Payable and Accrued Expenses$110,715$38,629▼ $72,086
Total Liabilities$110,715$38,629▼ $72,086
Net Assets / Fund Balance
Unrestricted Net Assets$134,534$195,715▲ $61,181
Temporarily Rstr Net Assets$122,884$84,735▼ $38,149
Total Net Assets Fund Balance$257,418$280,450▲ $23,032
Total Liabilities and Net Assets / Fund Balance$368,133$319,079▼ $49,054

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,522$260,329$266,851
Leasehold Improvements$78,213$71,678$149,891
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Pam Banks-leeChair
Claude LeeVice Chair
Diana PowellDirector
Iyaliu MosesDirector
James MontagueDirector
Wonza MontigueDirector
Tyjuanna LabennetteTreas/Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$4,706,299
Program Service Revenue
$392,101
Investment Income
$0
Other Revenue
$3,283
All Other Contributions
$2,462
Change in Net Assets
$23,032

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,101,683
Total Revenue per Audited Statements
$5,101,683
Total Revenue per Form 990
$5,101,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,075,530
Salaries, Compensation, and Employee Benefits$2,003,121
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,795,643$28,900$0$1,824,543
Occupancy$0$512,573$0$512,573
All Other Expenses$0$450,065$0$450,065
Payroll Taxes$108,932$0$0$108,932
Conferences and Meetings$75,292$0$0$75,292
Other Employee Benefits$45,799$16,153$0$61,952
Advertising$0$40,445$0$40,445
Depreciation Depletion$25,917$12,232$0$38,149
Office Expenses$34,675$2,509$0$37,184
Insurance$0$30,882$0$30,882
Other Expenses$10,630$0$0$10,630
Pension Plan Contributions$7,694$0$0$7,694
Fees for Services Accounting$0$6,250$0$6,250
Fees for Services Legal$0$5,250$0$5,250
Information Technology$0$995$0$995
Total Functional Expenses$3,268,831$1,809,820$0$5,078,651

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,078,651
Total Expenses per Audited Statements$5,078,651
Total Expenses per Form 990$5,078,651
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
2019-02-03
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
10
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.”

Form 990, Part IX, Line 24E

“Student Transportation 371189. 0. 371189. 0.”

Form 990, Part IX, Line 24E

“Repair Parts/Material 63876. 0. 63876. 0.”

Form 990, Part IX, Line 24E

“Non-Cap Equipment 15000. 0. 15000. 0.”

Raw XML AppendixShowing 400 of 419 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.

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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0266851
IRS990ScheduleD/ExpensesSubtotalAmt05078651
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt078213
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071678
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0149891
IRS990ScheduleD/RevenueSubtotalAmt05101683
IRS990ScheduleD/TotalBookValueLandBuildingsAmt084735
IRS990ScheduleD/TotalExpensesPerForm990Amt05078651
IRS990ScheduleD/TotalRevenuePerForm990Amt05101683
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05101683
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05078651
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN ALL PRINT MATERIAL, INCLUDING ANY NEWSPAPER ADVERTISEMENTS. EXPLANATION PROVIDED ON PAGE 1.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FEDERAL GRANTS AS AWARDED ANNUALLY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Vehicle Sales
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Compared to other charter schools and if budget can work.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Executive Director and Board review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members sign Conflict of Interest annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools and if budget can work.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Student Transportation 371189. 0. 371189. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Repair Parts/Material 63876. 0. 63876. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Non-Cap Equipment 15000. 0. 15000. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0122884
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt084735
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0368133
IRS990/TotalAssetsEOYAmt0319079
IRS990/TotalAssetsGrp/BOYAmt0368133
IRS990/TotalAssetsGrp/EOYAmt0319079
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04706299
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01809820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03268831
IRS990/TotalFunctionalExpensesGrp/TotalAmt05078651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0110715
IRS990/TotalLiabilitiesEOYAmt038629
IRS990/TotalLiabilitiesGrp/BOYAmt0110715
IRS990/TotalLiabilitiesGrp/EOYAmt038629
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0257418
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0280450
IRS990/TotalProgramServiceExpensesAmt03268831
IRS990/TotalProgramServiceRevenueAmt0392101
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0395384
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05101683
IRS990/TotalVolunteersCnt028
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0368133
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0319079
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0134534
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0195715
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAM BANKS-LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09198509960
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-03
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0D19FAFF19B000991EE9700C28A09C80FB42F557F

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$319,079
Liabilities
$38,629
Net assets
$280,450
Revenue
$5,101,683
Expenses
$5,078,651
Net income
$23,032
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
2018Detailed filing. Detailed filing data is available for this year.$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