Civic Intelligence

Classical Charter Schools of Americ a Inc.

990 • Fiscal year 2013 • EIN 56-2173031

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization ProfileWWW.CHARTERDAYSCHOOL.ORG
7055 Bacons Way28451
Siviq Scores

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

Liabilities / Assets

33rd percentile

0.12x

Higher debt load relative to assets than 33% of similar nonprofits.

2013 filings • NTEE B • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

2013 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$2,866,464

Up $335,358 (+13%) from 2012

Net Assets

Up

$2,534,234

Up $505,660 (+25%) from 2012

Liabilities

Down

$332,230

Down $170,302 (-34%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$11,851,455

Up $1,300,485 (+12%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

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

$60M$40M$20M$0Assets 2011: $2,169,873Liabilities 2011: $573,731Net Assets 2011: $1,596,1422011Assets 2012: $2,531,106Liabilities 2012: $502,532Net Assets 2012: $2,028,5742012Assets 2013: $2,866,464Liabilities 2013: $332,230Net Assets 2013: $2,534,2342013Assets 2014: $3,503,417Liabilities 2014: $703,878Net Assets 2014: $2,799,5392014Assets 2015: $6,127,358Liabilities 2015: $2,824,144Net Assets 2015: $3,303,2142015Assets 2016: $6,698,319Liabilities 2016: $3,256,947Net Assets 2016: $3,441,3722016Assets 2017: $9,044,183Liabilities 2017: $4,866,346Net Assets 2017: $4,177,8372017Assets 2018: $9,779,440Liabilities 2018: $4,933,118Net Assets 2018: $4,846,3222018Assets 2019: $10,549,917Liabilities 2019: $4,878,836Net Assets 2019: $5,671,0812019Assets 2020: $13,088,828Liabilities 2020: $7,109,345Net Assets 2020: $5,979,4832020Assets 2021: $50,468,363Liabilities 2021: $41,029,756Net Assets 2021: $9,438,6072021Assets 2022: $50,425,137Liabilities 2022: $41,222,064Net Assets 2022: $9,203,0732022Assets 2023: $51,586,891Liabilities 2023: $41,248,989Net Assets 2023: $10,337,9022023Assets 2024: $54,261,441Liabilities 2024: $41,054,898Net Assets 2024: $13,206,5432024

Highlighted filing

2013

Assets$2,866,464
Liabilities$332,230
Net Assets$2,534,234
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $10,181,291Expenses 2011: $9,756,293Net Income 2011: $424,9982011Revenue 2012: $10,983,402Expenses 2012: $10,550,970Net Income 2012: $432,4322012Expenses 2013: $11,851,4552013Revenue 2014: $13,256,242Expenses 2014: $12,990,937Net Income 2014: $265,3052014Revenue 2015: $16,051,123Expenses 2015: $15,547,448Net Income 2015: $503,6752015Revenue 2016: $17,069,994Expenses 2016: $16,931,836Net Income 2016: $138,1582016Revenue 2017: $19,206,852Expenses 2017: $18,470,387Net Income 2017: $736,4652017Revenue 2018: $20,482,328Expenses 2018: $19,813,843Net Income 2018: $668,4852018Revenue 2019: $20,320,663Expenses 2019: $19,495,904Net Income 2019: $824,7592019Revenue 2020: $22,049,882Expenses 2020: $21,741,480Net Income 2020: $308,4022020Revenue 2021: $31,320,545Expenses 2021: $27,861,421Net Income 2021: $3,459,1242021Revenue 2022: $29,251,839Expenses 2022: $29,487,373Net Income 2022: -$235,5342022Revenue 2023: $32,485,242Expenses 2023: $31,350,613Net Income 2023: $1,134,6292023Revenue 2024: $34,930,723Expenses 2024: $32,429,082Net Income 2024: $2,501,6412024

Highlighted filing

2013

Revenue-
Expenses$11,851,455
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 15, 2014
Return Version
2012v2.3
Gross Receipts
$12,357,782
Mission and Program Overview

Mission

Operation of public charter schools.

Filing and Contact Details

Filer

EIN
56-2173031
Raw XML AppendixShowing 400 of 490 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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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0CHARTER DAY SCHOOL OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOLS NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS
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IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1B A MITCHELL JR SEE PART V
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson2B A MITCHELL JR SEE PART V
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson3B A MITCHELL JR SEE PART V
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson4B A MITCHELL JR SEE PART V
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson5B A MITCHELL JR SEE PART V
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IRS990ScheduleL/Form990ScheduleLPartV/Explanation0LN 1 CHARTER DAY SCHOOL INC CDS CONTRACTS FOR MANAGEMENT SERVICES UNDER A MANAGEMENT AGREEMENT WITH THE ROGER BACON ACADEMY INCRBA MR MITCHELL IS ONE OF THE TRUSTEES OF CDS AND OWNS RBA THE TRANSACTION AMOUNT WAS PAID TO RBA FOR MANAGEMENT SERVICES AND ADMINISTRATIVE FEES AND IS BASED UPON 16 OF REVENUES OF THE ORGANIZATION AS DEFINED IN THE MANAGEMENT AGREEMENT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES THE NORTH CAROLINA STATE BOARD OF EDUCATION AND THE INTERNAL REVENUE SERVICE LN 2 CDS REIMBURSES RBA FOR ITS DIRECT COSTS IN PROVIDING A STAFF DEVELOPMENT AND TRAINING PROGRAM FOR TEACHER COACHING AND MENTORING FOR SUPERVISION OF ONGOING CLASSROOM INSTRUCTION AND FOR BUILDING AND GROUNDS MAINTENANCE UNDER ITS MANAGEMENT AGREEMENT LN 3 CDS REIMBURSES RBA FOR ITS DIRECT COSTS IN PROVIDING STAFF FOR ACCOUNTING ADVERTISING QUALITY CONTROL AND PUBLIC RELATIONS UNDER ITS MANAGEMENT AGREEMENT LN 4 CDS REIMBURSES RBA UNDER ITS MANAGEMENT AGREEMENT FOR ITS DIRECT COSTS IN LEASING CLASSROOM SPACE FROM COASTAL HABITAT CONSERVANCY LLC CHC AT ITS ESTABLISHED RATES COASTAL HABITAT CONSERVANCY IS OWNED BY MR MITCHELL CDS PERIODICALLY HAS THE LEASE RATES REVALUED TO ENSURE THAT RATES ARE AT FAIR MARKET VALUE BOARD TRUSTEES ARE NOT REQUIRED TO PERSONALLY GUARANTEE THE LEASE NOR IS IT UNDER ANY RESTRICTIVE FINANCIAL COVENANTS AND THE STATE OF NORTH CAROLINA DOES NOT PROVIDE CAPITAL FUNDING FOR CHARTER SCHOOLS LN 5 CDS REIMBURSES RBA UNDER ITS MANAGEMENT AGREEMENT FOR ITS DIRECT COSTS IN LEASING SCHOOL OFFICE SPACE FROM COASTAL HABITAT CONSERVANCY LLC AT ITS ESTABLISHED RATES COASTAL HABITAT CONSERVANCY IS OWNED BY MR MITCHELL CDS PERIODICALLY HAS THE LEASE RATES REVALUED TO ENSURE THAT THE RATES ARE AT FAIR MARKET VALUE BOARD TRUSTEES ARE NOT REQUIRED TO PERSONALLY GUARANTEE THE LEASE NOR IS IT UNDER ANY RESTRICTIVE FINANCIAL COVENANTS AND THE STATE OF NORTH CAROLINA DOES NOT PROVIDE CAPITAL FUNDING FOR CHARTER SCHOOLS LN 6 CDS RENTS CERTAIN FURNITURE FIXTURES AND EQUIPMENT FROM COASTAL HABITAT CONSERVANCY LLC UNDER A RENTAL AGREEMENT ALTHOUGH CDS HAS FROM TIME TO TIME RECEIVED FEDERAL STARTUP FUNDS TO PURCHASE CERTAIN ITEMS IN THE FIRST YEAR OF OPERATION MANY ITEMS ARE NOT ELIGIBLE AND LATER YEARS ARE NOT COVERED BY SUCH FUNDS THEREFORE LIMITATIONS MAY EXIST THAT REQUIRE CHC TO PURCHASE SUCH ITEMS AND RENT TO CDS COASTAL HABITAT CONSERVANCY IS OWNED BY MR MITCHELL
IRS990ScheduleL/Form990ScheduleLPartV/Identifier0ADDITIONAL INFORMATION
IRS990ScheduleL/Form990ScheduleLPartV/ReturnReference0SCHEDULE L PART V
IRS990ScheduleO/GeneralExplanation/Explanation0CHARTER DAY SCHOOL INC. HAS AGREEMENTS WITH ROGER BACON ACADEMY, INC. TO MANAGE THE SCHOOLS UNDER THE CONTROL OF THE BOARD OF TRUSTEES. THE OWNER OF ROGER BACON ACADEMY IS BAKER A. MITCHELL, JR, WHO ALSO SERVES ON THE BOARD OF TRUSTEES OF CHARTER DAY SCHOOL. ON JULY 18, 2001, CHARTER DAY SCHOOL ENTERED INTO AN AGREEMENT WITH ROGER BACON ACADEMY FOR MANAGEMENT AND FACULTY SERVICES. ROGER BACON ACADEMY PROVIDES SUPERVISION AND ADMINISTRATION SERVICES FOR THE MANAGEMENT, OPERATION AND MAINTENANCE OF THE SCHOOL IN ACCORDANCE WITH THE EDUCATIONAL PROGRAM AS ADOPTED BY THE BOARD OF THE SCHOOL AND INCLUDED IN ITS OPERATIONAL DOCUMENTS. THE BOARD SETS THE BUDGET ANNUALLY WITHIN WHICH THE SCHOOLS ARE MANAGED. ANY DOCUMENTS OR POLICIES ADOPTED BY THE BOARD OF THE SCHOOL MAY BE MODIFIED FROM TIME TO TIME AT THE SOLE AND ABSOLUTE DISCRETION OF THE BOARD. ROGER BACON ACADEMY IS ENTITLED TO COMPENSATION FOR ITS SERVICES BASED ON 16% OF REVENUES, AS DEFINED IN THE MANAGEMENT AGREEMENT. THE AGREEMENT WAS APPROVED BY THE BOARD OF CHARTER DAY SCHOOL, THE NC STATE BOARD OF EDUCATION AND THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation1NO COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation2FORM 990 IS PREPARED BY THE COMPANY'S AUDITORS BASED ON INFORMATION FROM ITS AUDITED FINANCIAL STATEMENTS. THE 990 IS THEN REVIEWED BY THE MANAGEMENT COMPANY AND THE ASSISTANT TREASURER OF THE CORPORATION. ALL DIRECTORS RECEIVE A COPY OF THE 990.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY. IF ANY CONFLICTS ARISE THEY ARE RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation4THE MANAGEMENT COMPANY REVIEWS AND RECOMMENDS ALL COMPENSATION PACKAGES FOR TOP LEVEL POSITIONS WITHIN THE BUDGETS AS APPROVED BY THE BOARD OF TRUSTEES. NORTH CAROLINA SALARY SCALES ARE USED AS GUIDELINE.
IRS990ScheduleO/GeneralExplanation/Explanation5THE MANAGEMENT COMPANY REVIEWS ALL COMPENSATION PACKAGES WITHIN THE BUDGETS AS APPROVED BY THE BOARD OF TRUSTEES. NORTH CAROLINA SALARY SCALES ARE USED AS GUIDELINE.
IRS990ScheduleO/GeneralExplanation/Explanation6GOVERNING DOCUMENTS, SCHOOL POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7CONTRACTED INSTRUCTIONAL 13,648 0 0 CONTRACTED EXCEP STUDENTS 60,600 0 0 CONTRACTED PSYCHOLOGICAL 60,927 0 0 CONTRACTED SPEECH PATH 92,178 0 0 CONTRACTED SOCIAL WORK 25,000 0 0 CONTRACTED GEN ADM 0 260,465 0 CONTRACTED R&M 0 246,247 0 CONTRACTED CURRICULUM 671,796 0 0 MISC CONTRACTS 0 107,536 0
IRS990ScheduleO/GeneralExplanation/Identifier0MANAGEMENT DELEGATED
IRS990ScheduleO/GeneralExplanation/Identifier1DOCUMENTATION BY COMMITTEE
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7OTHER FEES FOR SERVICES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART IX, LINE 11G
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IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine107055 BACONS WAY NE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0LELAND
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NC
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode028451
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IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0200177524
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection03
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0NC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10CHARTER DAY BOOSTER CLUB
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0SUPPORT
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus011A
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0false

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,866,464
Liabilities
$332,230
Net assets
$2,534,234
Revenue
-
Expenses
$11,851,455
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$54.3$41.1$13.2$34.9$32.4$2.50
2023Detailed filing. Detailed filing data is available for this year.$51.6$41.2$10.3$32.5$31.4$1.13
2022Detailed filing. Detailed filing data is available for this year.$50.4$41.2$9.20$29.3$29.5$0.24
2021Detailed filing. Detailed filing data is available for this year.$50.5$41.0$9.44$31.3$27.9$3.46
2020Detailed filing. Detailed filing data is available for this year.$13.1$7.11$5.98$22.0$21.7$0.31
2019Detailed filing. Detailed filing data is available for this year.$10.5$4.88$5.67$20.3$19.5$0.82
2018Detailed filing. Detailed filing data is available for this year.$9.78$4.93$4.85$20.5$19.8$0.67
2017Detailed filing. Detailed filing data is available for this year.$9.04$4.87$4.18$19.2$18.5$0.74
2016Detailed filing. Detailed filing data is available for this year.$6.70$3.26$3.44$17.1$16.9$0.14
2015Detailed filing. Detailed filing data is available for this year.$6.13$2.82$3.30$16.1$15.5$0.50
2014Detailed filing. Detailed filing data is available for this year.$3.50$0.70$2.80$13.3$13.0$0.27
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.33$2.53$11.9
2012Summary only. Only limited summary data is available for this year.$2.53$0.50$2.03$11.0$10.6$0.43
2011Summary only. Only limited summary data is available for this year.$2.17$0.57$1.60$10.2$9.76$0.42