Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
990 • Fiscal year 2016 • EIN 56-2173031
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
64th percentile
Higher debt load relative to assets than 64% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
44th percentile
Higher net margin than 44% of similar nonprofits.
Top Officer Pay
19th percentile
Higher top officer pay than 19% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Assets
Up$6,698,319
Up $570,961 (+9.3%) from 2015
Net Assets
Up$3,441,372
Up $138,158 (+4.2%) from 2015
Liabilities
Up$3,256,947
Up $432,803 (+15%) from 2015
Revenue
Up$17,069,994
Up $1,018,871 (+6.3%) from 2015
Expenses
Up$16,931,836
Up $1,384,388 (+8.9%) from 2015
Net Income
Down$138,158
Down $365,517 (-73%) from 2015
Operation of public charter schools.
Operates four identical tuition-free public charter schools that serve approximately 2,100 students and that any nc student may choose to attend. The schools provide a distinctive curriculum delivered by the direct instructional teaching method.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,693,783 | $5,056,235 | ▲ $2,362,452 |
| Savings and Temporary Cash Investments | $1,771,673 | $907,845 | ▼ $863,828 |
| Cash and Non-Interest-Bearing Accounts | $363,399 | $503,161 | ▲ $139,762 |
| Accounts Receivable | $1,298,503 | $231,078 | ▼ $1,067,425 |
| Total Assets | $6,127,358 | $6,698,319 | ▲ $570,961 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,893,079 | $2,966,102 | ▲ $1,073,023 |
| Accounts Payable and Accrued Expenses | $931,065 | $290,845 | ▼ $640,220 |
| Total Liabilities | $2,824,144 | $3,256,947 | ▲ $432,803 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $3,303,214 | $3,441,372 | ▲ $138,158 |
| Total Net Assets Fund Balance | $3,303,214 | $3,441,372 | ▲ $138,158 |
| Total Liabilities and Net Assets / Fund Balance | $6,127,358 | $6,698,319 | ▲ $570,961 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Land | $2,453,621 | - | $2,453,621 |
| Buildings | $2,022,593 | $44,161 | $2,066,754 |
| Equipment | $146,860 | $636,508 | $783,368 |
| Leasehold Improvements | $352,834 | $26,830 | $379,664 |
| Other Land Buildings | $80,327 | $240,503 | $320,830 |
| Name | Title |
|---|---|
| Robert Spencer | Board Chair |
| Colleen Combs | Director |
| Melissa Gott | Director |
| Suzanne West | Director |
| Theodore Bodenschatz | Director |
| W Chad Adams | Director |
| Baker a Mitchell Jr | Secretary |
| Mark Dudeck | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $9,032,267 |
| Salaries, Compensation, and Employee Benefits | $7,899,569 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $6,120,496 | $303,368 | - | $6,423,864 |
| Fees for Services Management | $573,547 | $2,947,304 | - | $3,520,851 |
| Occupancy | $1,800,524 | $135,524 | - | $1,936,048 |
| Fees for Services Other | $1,607,552 | $322,703 | - | $1,930,255 |
| Other Employee Benefits | $758,345 | $37,567 | - | $795,912 |
| Office Expenses | $506,875 | $38,629 | - | $545,504 |
| Payroll Taxes | $516,359 | $25,580 | - | $541,939 |
| Fees for Services Accounting | - | $172,367 | - | $172,367 |
| Depreciation Depletion | $122,983 | $40,995 | - | $163,978 |
| Pension Plan Contributions | $131,347 | $6,507 | - | $137,854 |
| Interest | $86,215 | $28,738 | - | $114,953 |
| Insurance | - | $109,486 | - | $109,486 |
| Fees for Services Legal | - | $94,978 | - | $94,978 |
| Other Expenses | $22,715 | $6,952 | - | $22,715 |
| All Other Expenses | $22,539 | - | - | $22,539 |
| Travel | - | $17,271 | - | $17,271 |
| Conferences and Meetings | $14,918 | - | - | $14,918 |
| Information Technology | $12,416 | - | - | $12,416 |
| Advertising | - | $6,616 | - | $6,616 |
| Total Functional Expenses | $12,626,291 | $4,305,545 | $0 | $16,931,836 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $16,931,836 |
| Total Expenses per Audited Statements | $16,931,836 |
| Total Expenses per Form 990 | $16,931,836 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| B a Mitchell Jr See Part V | Officer | Management Fee | Yes | $2,667,950 |
| B a Mitchell Jr See Part V | Officer | Rent - Classrooms | No | $1,483,602 |
| B a Mitchell Jr See Part V | Officer | Staff Development | No | $1,211,408 |
| B a Mitchell Jr See Part V | Officer | Mgmt.incentive Bonus | No | $580,946 |
| B a Mitchell Jr See Part V | Officer | Back Office & Suppor | No | $271,922 |
| B a Mitchell Jr See Part V | Officer | Rent - Admin Offices | No | $103,438 |
| B a Mitchell Jr See Part V | Officer | Misc Equipment Rent | No | $65,374 |
“Charter day school inc. Has agreements with roger bacon academy, inc. To manage the schools under the control of the board of trustees. 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 schools in accordance with the educational program as adopted by the board 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.”
“Form 990 is prepared by the company's auditors based on information in the financial statements of its annual local government commission audit. The no-findings financial statements were reviewed and unanimously approved by the board. The form 990 is reviewed by the treasurer of the corporation and the management company. A copy is submitted to each board member prior to submission.”
“The board of directors reviews the policy annually. If any conflicts arise they are resolved by the board of directors.”
“The cds board of trustees volunteer their service and receive no compensation. The management company reviews and recommends all compensation packages for top level positions within the budgets as approved by the board of directors. North carolina state salary scales are used as a guideline.”
“The officers of the cds board of trustees volunteer their service and receive no compensation. The management company reviews all compensation packages within the budgets as approved by the board of trustees. North carolina state salary scales are used as a guideline.”
“Governing documents, school policies, and financial statements are publicly available online or by request. Requested documents can be transmitted electronically or viewed at the headquarters of the management company, the roger bacon academy, inc.”
“Our understandings of humankind and our universe are expressed and communicated through all of our arts and sciences. Each method of expression - language, painting, music, mathematics, and science - has rules and techniques for effectively communicating these ideas and understandings. These rules and techniques are the bridges over which ideas must be communicated from one generation to the next. Thus, the mission of charter day school, through the roger bacon academy is, for the next generation, to teach the rules and techniques for effective expression and communication in the arts and sciences, to communicate, by these arts and sciences, our understandings of the universe and our role in it, and to instill a love of learning and discovery, justifying a life-long dedication to health, truth, and virtue.”
“Contracted excep students 105,483 0 0 contracted psychological 125,138 0 0 contracted speech path 142,429 0 0 contracted gen 180,443 294,406 0 contracted r&m 248,055 18,671 0 contracted curriculum 637,860 0 0 misc contracts 127,894 9,626 0 contracted social work 40,250 0 0”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 931065 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 290845 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1298503 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 231078 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | OPERATES FOUR IDENTICAL TUITION-FREE PUBLIC CHARTER SCHOOLS THAT SERVE APPROXIMATELY 2,100 STUDENTS AND THAT ANY NC STUDENT MAY CHOOSE TO ATTEND. THE SCHOOLS PROVIDE A DISTINCTIVE CURRICULUM DELIVERED BY THE DIRECT INSTRUCTIONAL TEACHING METHOD. |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 6616 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 6616 |
| IRS990/AllOtherContributionsAmt | 0 | 503582 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 22539 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 22539 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | ACADIA NORTHSTAR LLC |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 9199547040 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5029 FALLS OF NEUSE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RALEIGH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27609 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | true |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 363399 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 503161 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 14918 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 14918 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 967815 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 8071 |
| IRS990/CYOtherExpensesAmt | 0 | 9032267 |
| IRS990/CYOtherRevenueAmt | 0 | 1950 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 16092158 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 138158 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 7899569 |
| IRS990/CYTotalExpensesAmt | 0 | 16931836 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 17069994 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 40995 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 122983 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 163978 |
| IRS990/Desc | 0 | OPERATED FOUR TUITION-FREE PUBLIC CHARTER SCHOOLS IN NORTH CAROLINA: CHARTER DAY SCHOOL, COLUMBUS CHARTER SCHOOL, DOUGLASS ACADEMY, AND SOUTH BRUNSWICK CHARTER SCHOOL. THESE SCHOOLS SERVED APPROXIMATELY 2,109 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2016. EACH IDENTICAL SCHOOL OFFERS A DISTINCTIVE CLASSICAL CURRICULUM DELIVERED WITH THE DIRECT INSTRUCTION TEACHING METHOD. EACH OF THE TWO MATURE K-8 CAMPUSES, CHARTER DAY SCHOOL AND COLUMBUS CHARTER SCHOOL, CURRENTLY AND CONSISTENTLY PROVIDES THE TOP-SCORING ELEMENTARY AND MIDDLE SCHOOLS IN THEIR RESPECTIVE COUNTIES ON STATE END-OF-GRADE TESTS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 287 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 12052744 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 172367 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 172367 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 94978 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 94978 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 2947304 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 573547 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 3520851 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 322703 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 1607552 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1930255 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | ROBERT SPENCER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | W CHAD ADAMS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | THEODORE BODENSCHATZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | COLLEEN COMBS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MELISSA GOTT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | SUZANNE WEST |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | MARK DUDECK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | BAKER A MITCHELL JR |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | SECRETARY |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1999 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 5691 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 6 |
| IRS990/GovernmentGrantsAmt | 0 | 464233 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 5691 |
| IRS990/GrossReceiptsAmt | 0 | 17069994 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/ProgramServicesAmt | 0 | 12416 |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 12416 |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 109486 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 109486 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 28738 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 86215 |
| IRS990/InterestGrp/TotalAmt | 0 | 114953 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2380 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2380 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 948002 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 2693783 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 5056235 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 6004237 |
| IRS990/LegalDomicileStateCd | 0 | NC |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | OUR UNDERSTANDINGS OF HUMANKIND AND OUR UNIVERSE ARE EXPRESSED AND COMMUNICATED THROUGH ALL OF OUR ARTS AND SCIENCES. EACH METHOD OF EXPRESSION - LANGUAGE, PAINTING, MUSIC, MATHEMATICS, AND SCIENCE - HAS RULES AND TECHNIQUES FOR EFFECTIVELY COMMUNICATING THESE IDEAS AND UNDERSTANDINGS. THESE RULES AND TECHNIQUES ARE THE BRIDGES OVER WHICH IDEAS MUST BE COMMUNICATED FROM ONE GENERATION TO THE NEXT. THUS, THE MISSION OF CHARTER DAY SCHOOL, THROUGH THE ROGER BACON ACADEMY IS, FOR THE NEXT GENERATION, TO TEACH THE RULES AND TECHNIQUES FOR EFFECTIVE EXPRESSION AND COMMUNICATION IN THE ARTS AND SCIENCES, TO COMMUNICATE, BY THESE ARTS AND SCIENCES, OUR UNDERSTANDINGS OF THE UNIVERSE AND OUR ROLE IN IT, AND TO INSTILL A LOVE OF LEARNING AND DISCOVERY, JUSTIFYING A LIFE-LONG DEDICATION TO HEALTH, TRUTH, AND VIRTUE. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 1893079 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 2966102 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 3303214 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 3441372 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 5691 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 5691 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 135524 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 1800524 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 1936048 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 38629 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 506875 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 545504 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 37567 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 758345 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 795912 |
| IRS990/OtherExpensesGrp/Desc | 0 | NON-CAPITAL EQUIPMENT |
| IRS990/OtherExpensesGrp/Desc | 1 | TEXTBOOKS/PERIODICALS |
| IRS990/OtherExpensesGrp/Desc | 2 | TAXES |
| IRS990/OtherExpensesGrp/Desc | 3 | CHILD NUTRITION |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 10960 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 6952 |
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| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 0 | CHARTER DAY SCHOOL OPERATES FOUR PUBLIC CHARTER SCHOOLS 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. |
| IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt | 1 | 6A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS. |
| IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE E, LINE 3 |
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| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 0 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 1 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 2 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 3 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 4 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 5 | B A MITCHELL JR SEE PART V |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm | 6 | B A MITCHELL JR SEE PART V |
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| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 1 | STAFF DEVELOPMENT |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 2 | BACK OFFICE & SUPPOR |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 3 | RENT - CLASSROOMS |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 4 | RENT - ADMIN OFFICES |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 5 | MISC EQUIPMENT RENT |
| IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc | 6 | MGMT.INCENTIVE BONUS |
| IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt | 0 | LN 1) CHARTER DAY SCHOOL, INC. (CDS) CONTRACTS FOR MANAGEMENT SERVICES UNDER A MANAGEMENT AGREEMENT WITH THE ROGER BACON ACADEMY, INC.(RBA). MR. MITCHELL IS THE SECRETARY OF THE BOARD 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) UNDER ITS MANAGEMENT AGREEMENT, RBA PROVIDES A STAFF DEVELOPMENT AND TRAINING PROGRAM, TEACHER COACHING AND MENTORING SERVICES, SUPERVISION OF ONGOING CLASSROOM INSTRUCTION, AND BUILDING AND GROUND MAINTENANCE FOR CDS. RBA SUBMITS THE DIRECT COSTS OF PROVIDING THESE SERVICES TO THE CDS BOARD FOR APPROVAL AND REIMBURSEMENT. LN 3) UNDER ITS MANAGEMENT AGREEMENT, RBA PROVIDES ACCOUNTING, ADVERTISING, QUALITY CONTROL, AND PUBLIC RELATIONS SERVICES FOR CDS. RBA SUBMITS THE DIRECT COSTS OF PROVIDING THESE SERVICES TO THE CDS BOARD FOR APPROVAL AND REIMBURSEMENT. LN 4) UNDER ITS MANAGEMENT AGREEMENT, RBA LEASES CLASSROOM SPACE FROM COASTAL HABITAT CONSERVANCY, LLC (CHC), AND SUBLEASES TO CHARTER DAY SCHOOL, INC. (CDS) AT FAIR MARKET VALUE. THIS ARRANGEMENT IS NECESSARY, AS CHARTER SCHOOLS IN NORTH CAROLINA DO NOT RECEIVE CAPITAL FUNDS FOR PROPERTY, BUILDINGS, CONSTRUCTION, MAINTENANCE, ETC. CHC IS OWNED BY MR. MITCHELL. CDS REGULARLY HAS LEASE RATES REEVALUATED TO ENSURE THAT RATES ARE AT FAIR MARKET VALUE. BOARD TRUSTEES ARE NOT REQUIRED TO PERSONALLY GUARANTEE THE LEASE, NOR IS THE LEASE UNDER ANY RESTRICTIVE FINANCIAL COVENANTS. RBA SUBMITS THE DIRECT COSTS OF LEASING CLASSROOM SPACE TO THE CDS BOARD FOR APPROVAL AND REIMBURSEMENT. LN 5) UNDER ITS MANAGEMENT AGREEMENT, RBA LEASES OFFICE SPACE FROM COASTAL HABITAT CONSERVANCY, LLC (CHC) AND SUBLEASES TO CHARTER DAY SCHOOL, INC. AT FAIR MARKET VALUE. THIS ARRANGEMENT IS NECESSARY, AS CHARTER SCHOOLS IN NORTH CAROLINA DO NOT RECEIVE CAPITAL FUNDS FOR PROPERTY, BUILDINGS, CONSTRUCTION, MAINTENANCE, ETC. CHC IS OWNED BY MR. MITCHELL. CDS REGULARLY HAS LEASE RATES REEVALUATED TO ENSURE THAT RATES ARE AT FAIR MARKET VALUE. BOARD TRUSTEES ARE NOT REQUIRED TO PERSONALLY GUARANTEE THE LEASE, NOR IS THE LEASE UNDER ANY RESTRICTIVE FINANCIAL COVENANTS. RBA SUBMITS THE DIRECT COSTS OF LEASING OFFICE SPACE TO THE CDS BOARD FOR APPROVAL AND REIMBURSEMENT. 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 START-UP 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. LN 7) CDS'S MANAGEMENT CONTRACT WITH RBA PROVIDES A MANAGEMENT INCENTIVE BONUS BASED ON HOW THE SCHOOLS' STANDARDIZED TEST SCORES COMPARE WITH THE SAME STANDARDIZED SCORES OF OTHER SCHOOLS LOCATED IN THE SAME COUNTY. FOR THE FISCAL YEAY ENDED JUNE 30, 2016, TEST SCORES BOTH CHARTER DAY SCHOOL AND COLUMBUS CHARTER SCHOOL WERE NEARLY 20 PERCENTAGE POINTS HIGHER THAN THE AVERAGES OF THEIR RESPECTIVE COUNTIES. |
| IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE L, PART V |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OUR UNDERSTANDINGS OF HUMANKIND AND OUR UNIVERSE ARE EXPRESSED AND COMMUNICATED THROUGH ALL OF OUR ARTS AND SCIENCES. EACH METHOD OF EXPRESSION - LANGUAGE, PAINTING, MUSIC, MATHEMATICS, AND SCIENCE - HAS RULES AND TECHNIQUES FOR EFFECTIVELY COMMUNICATING THESE IDEAS AND UNDERSTANDINGS. THESE RULES AND TECHNIQUES ARE THE BRIDGES OVER WHICH IDEAS MUST BE COMMUNICATED FROM ONE GENERATION TO THE NEXT. THUS, THE MISSION OF CHARTER DAY SCHOOL, THROUGH THE ROGER BACON ACADEMY IS, FOR THE NEXT GENERATION, TO TEACH THE RULES AND TECHNIQUES FOR EFFECTIVE EXPRESSION AND COMMUNICATION IN THE ARTS AND SCIENCES, TO COMMUNICATE, BY THESE ARTS AND SCIENCES, OUR UNDERSTANDINGS OF THE UNIVERSE AND OUR ROLE IN IT, AND TO INSTILL A LOVE OF LEARNING AND DISCOVERY, JUSTIFYING A LIFE-LONG DEDICATION TO HEALTH, TRUTH, AND VIRTUE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | CHARTER DAY SCHOOL INC. HAS AGREEMENTS WITH ROGER BACON ACADEMY, INC. TO MANAGE THE SCHOOLS UNDER THE CONTROL OF THE BOARD OF TRUSTEES. 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 SCHOOLS IN ACCORDANCE WITH THE EDUCATIONAL PROGRAM AS ADOPTED BY THE BOARD 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/SupplementalInformationDetail/ExplanationTxt | 2 | FORM 990 IS PREPARED BY THE COMPANY'S AUDITORS BASED ON INFORMATION IN THE FINANCIAL STATEMENTS OF ITS ANNUAL LOCAL GOVERNMENT COMMISSION AUDIT. THE NO-FINDINGS FINANCIAL STATEMENTS WERE REVIEWED AND UNANIMOUSLY APPROVED BY THE BOARD. THE FORM 990 IS REVIEWED BY THE TREASURER OF THE CORPORATION AND THE MANAGEMENT COMPANY. A COPY IS SUBMITTED TO EACH BOARD MEMBER PRIOR TO SUBMISSION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY. IF ANY CONFLICTS ARISE THEY ARE RESOLVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE CDS BOARD OF TRUSTEES VOLUNTEER THEIR SERVICE AND RECEIVE NO COMPENSATION. THE MANAGEMENT COMPANY REVIEWS AND RECOMMENDS ALL COMPENSATION PACKAGES FOR TOP LEVEL POSITIONS WITHIN THE BUDGETS AS APPROVED BY THE BOARD OF DIRECTORS. NORTH CAROLINA STATE SALARY SCALES ARE USED AS A GUIDELINE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE OFFICERS OF THE CDS BOARD OF TRUSTEES VOLUNTEER THEIR SERVICE AND RECEIVE NO COMPENSATION. THE MANAGEMENT COMPANY REVIEWS ALL COMPENSATION PACKAGES WITHIN THE BUDGETS AS APPROVED BY THE BOARD OF TRUSTEES. NORTH CAROLINA STATE SALARY SCALES ARE USED AS A GUIDELINE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ONLINE OR BY REQUEST. REQUESTED DOCUMENTS CAN BE TRANSMITTED ELECTRONICALLY OR VIEWED AT THE HEADQUARTERS OF THE MANAGEMENT COMPANY, THE ROGER BACON ACADEMY, INC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | CONTRACTED EXCEP STUDENTS 105,483 0 0 CONTRACTED PSYCHOLOGICAL 125,138 0 0 CONTRACTED SPEECH PATH 142,429 0 0 CONTRACTED GEN 180,443 294,406 0 CONTRACTED R&M 248,055 18,671 0 CONTRACTED CURRICULUM 637,860 0 0 MISC CONTRACTS 127,894 9,626 0 CONTRACTED SOCIAL WORK 40,250 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART IX, LINE 11G |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
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