Civic Intelligence

Classical Charter Schools of Americ a Inc.

990 • Fiscal year 2018 • EIN 56-2173031

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 15, 2019

7055 Bacons Way NELeland, NC 28451

(910) 655-1214

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.50x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

46th percentile

0.24x

Higher debt load relative to revenue than 46% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Net Margin

52nd percentile

3.3%

Higher net margin than 52% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

18th percentile

$0

Higher top officer pay than 18% of similar nonprofits.

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

2018 filings • NTEE B • $10M-$25M nonprofits • Source year 2018

Asset Growth

63rd percentile

8.1%

Faster asset growth than 63% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

56th percentile

6.6%

Faster revenue growth than 56% of similar nonprofits.

2018 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$9,779,440

Up $735,257 (+8.1%) from 2017

Net Assets

Up

$4,846,322

Up $668,485 (+16%) from 2017

Liabilities

Up

$4,933,118

Up $66,772 (+1.4%) from 2017

Revenue

Up

$20,482,328

Up $1,275,476 (+6.6%) from 2017

Expenses

Up

$19,813,843

Up $1,343,456 (+7.3%) from 2017

Net Income

Down

$668,485

Down $67,980 (-9.2%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$9,779,440
Liabilities$4,933,118
Net Assets$4,846,322

Operations Trend

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

2018

Revenue$20,482,328
Expenses$19,813,843
Net Income$668,485
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 15, 2019
Return Version
2017v2.3
Gross Receipts
$20,482,328
Mission and Program Overview

Mission

Operation of public charter schools.

Operates four identical tuition-free public charter schools that serve approximately 2,278 students and that any nc student may choose to attend. The schools provide a distinctive curriculum delivered by the direct instructional teaching method.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,147,907$7,001,376▼ $146,531
Cash and Non-Interest-Bearing Accounts$735,560$1,295,462▲ $559,902
Savings and Temporary Cash Investments$760,068$937,379▲ $177,311
Accounts Receivable$400,648$544,702▲ $144,054
Prepaid Expenses and Deferred Charges-$521-
Total Assets$9,044,183$9,779,440▲ $735,257
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,679,632$4,611,243▼ $68,389
Accounts Payable and Accrued Expenses$186,714$321,875▲ $135,161
Total Liabilities$4,866,346$4,933,118▲ $66,772
Net Assets / Fund Balance
Unrestricted Net Assets$4,177,837$4,846,322▲ $668,485
Total Net Assets Fund Balance$4,177,837$4,846,322▲ $668,485
Total Liabilities and Net Assets / Fund Balance$9,044,183$9,779,440▲ $735,257

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,063,411$188,896$4,252,307
Land$2,453,620-$2,453,620
Leasehold Improvements$359,496$47,054$406,550
Equipment$86,595$143,204$229,799
Other Land Buildings$38,254$109,758$148,012
Compensation and Service Providers

Board Members and Trustees

NameTitle
Robert SpencerBoard Chair
Colleen CombsDirector
Melissa GottDirector
Suzanne WestDirector
Theodore BodenschatzDirector
W Chad AdamsDirector
Baker a Mitchell JrSecretary
Mark DudeckTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,740,096
Program Service Revenue
$18,216,438
Investment Income
$2,278
Other Revenue
$523,516
All Other Contributions
$755,083
Change in Net Assets
$668,485

Audited Revenue Reconciliation

Revenue per Audited Statements
$20,482,328
Total Revenue per Audited Statements
$20,482,328
Total Revenue per Form 990
$20,482,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,927,099
Salaries, Compensation, and Employee Benefits$8,886,744
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,930,742$341,810-$7,272,552
Fees for Services Management$677,030$3,479,075-$4,156,105
Fees for Services Other$2,485,984$32,637-$2,518,621
Occupancy$1,827,655$137,565-$1,965,220
Other Employee Benefits$757,803$37,373-$795,176
Fees for Services Legal-$703,546-$703,546
Office Expenses$608,099$46,494-$654,593
Payroll Taxes$523,932$25,839-$549,771
Pension Plan Contributions$256,590$12,655-$269,245
Depreciation Depletion$156,355$52,118-$208,473
Interest$139,944$46,648-$186,592
Insurance-$111,129-$111,129
Fees for Services Accounting-$33,964-$33,964
Advertising-$19,726-$19,726
Conferences and Meetings$16,038--$16,038
Information Technology$11,376--$11,376
All Other Expenses$8,590--$8,590
Other Expenses$4,969$1,656-$6,625
Travel-$5,144-$5,144
Total Functional Expenses$14,719,588$5,094,255$0$19,813,843

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$19,813,843
Total Expenses per Audited Statements$19,813,843
Total Expenses per Form 990$19,813,843
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
B a Mitchell Jr See Part VOfficerManagement FeeYes$3,169,399
B a Mitchell Jr See Part VOfficerRent - ClassroomsNo$1,530,746
B a Mitchell Jr See Part VOfficerStaff Devlp. & SupvsNo$1,475,974
B a Mitchell Jr See Part VOfficerBack Off.& SupportNo$542,713
B a Mitchell Jr See Part VOfficerMgmt.incentive BonusNo$526,862
B a Mitchell Jr See Part VOfficerRent - Admin OfficesNo$124,092
B a Mitchell Jr See Part VOfficerMisc Equipment RentNo$969
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

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 provies 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 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, Page 6, Part VI, Line 11B

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 of the 990 is provided to the board.

Form 990, Page 6, Part VI, Line 12C

The board of directors reviews the policy annually. If any conflicts arise they are resolved by the board of directors.

Form 990, Page 6, Part VI, Line 15A

Top management official is provided by the management company, roger bacon academy, and receive no compensation directly from charter day school, inc.

Form 990, Page 6, Part VI, Line 15B

The officers of the cds board of trustees volunteer their service and receive no compensation. Key employees are provided by the management company, roger bacon academy, and receive no compensation directly from charter day school, inc.

Form 990, Page 6, Part VI, Line 19

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.

Filing and Contact Details

Filer

Filer Name
Charter Day School Inc
EIN
56-2173031
Phone
9106551214
Address
7055 BACONS WAY NE, LELAND, NC 28451

Signing Officer

Name
Mark Dudeck
Title
Treasurer
Phone
9106553600
Signed
2019-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Spencer
Formed
1999
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
319
Volunteers
6

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Form 990, Part IX, Line 11G

Instructional contracted svc 2,856 0 0 contracted excep students 95,839 0 0 contracted psychological 140,661 0 0 contracted speech path 162,245 0 0 contracted r&m 242,253 18,234 0 contracted curriculum 1,324,469 0 0 misc contracts 191,359 14,403 0 contracted social work 49,280 0 0 contracted nutrition 277,022 0 0 total 2,485,984 32,637 0

Raw XML AppendixShowing 400 of 502 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0186714
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0321875
IRS990/AccountsReceivableGrp/BOYAmt0400648
IRS990/AccountsReceivableGrp/EOYAmt0544702
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OPERATES FOUR IDENTICAL TUITION-FREE PUBLIC CHARTER SCHOOLS THAT SERVE APPROXIMATELY 2,278 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/ManagementAndGeneralAmt019726
IRS990/AdvertisingGrp/TotalAmt019726
IRS990/AllOtherContributionsAmt0755083
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08590
IRS990/AllOtherExpensesGrp/TotalAmt08590
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0ACADIA NORTHSTAR LLC
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05029 FALLS OF NEUSE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0735560
IRS990/CashNonInterestBearingGrp/EOYAmt01295462
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt016038
IRS990/ConferencesMeetingsGrp/TotalAmt016038
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01740096
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02278
IRS990/CYOtherExpensesAmt010927099
IRS990/CYOtherRevenueAmt0523516
IRS990/CYProgramServiceRevenueAmt018216438
IRS990/CYRevenuesLessExpensesAmt0668485
IRS990/CYSalariesCompEmpBnftPaidAmt08886744
IRS990/CYTotalExpensesAmt019813843
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt020482328
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt052118
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0156355
IRS990/DepreciationDepletionGrp/TotalAmt0208473
IRS990/Desc0OPERATED 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 2,245 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2018. 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/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0319
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt014719588
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt033964
IRS990/FeesForServicesAccountingGrp/TotalAmt033964
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0703546
IRS990/FeesForServicesLegalGrp/TotalAmt0703546
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt03479075
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0677030
IRS990/FeesForServicesManagementGrp/TotalAmt04156105
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt032637
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02485984
IRS990/FeesForServicesOtherGrp/TotalAmt02518621
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt620.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt715.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm1SUZANNE WEST
IRS990/Form990PartVIISectionAGrp/PersonNm2MELISSA GOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3W CHAD ADAMS
IRS990/Form990PartVIISectionAGrp/PersonNm4COLLEEN COMBS
IRS990/Form990PartVIISectionAGrp/PersonNm5THEODORE BODENSCHATZ
IRS990/Form990PartVIISectionAGrp/PersonNm6MARK DUDECK
IRS990/Form990PartVIISectionAGrp/PersonNm7BAKER A MITCHELL JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt0985013
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt020482328
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt011376
IRS990/InformationTechnologyGrp/TotalAmt011376
IRS990/InsuranceGrp/ManagementAndGeneralAmt0111129
IRS990/InsuranceGrp/TotalAmt0111129
IRS990/InterestGrp/ManagementAndGeneralAmt046648
IRS990/InterestGrp/ProgramServicesAmt0139944
IRS990/InterestGrp/TotalAmt0186592
IRS990/InvestmentIncomeGrp/ExclusionAmt02278
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02278
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0488912
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07147907
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07001376
IRS990/LandBldgEquipCostOrOtherBssAmt07490288
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt023346
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt023346
IRS990/MissionDesc0OUR 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04679632
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04611243
IRS990/NetAssetsOrFundBalancesBOYAmt04177837
IRS990/NetAssetsOrFundBalancesEOYAmt04846322
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt0137565
IRS990/OccupancyGrp/ProgramServicesAmt01827655
IRS990/OccupancyGrp/TotalAmt01965220
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046494
IRS990/OfficeExpensesGrp/ProgramServicesAmt0608099
IRS990/OfficeExpensesGrp/TotalAmt0654593
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037373
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0757803
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0795176
IRS990/OtherExpensesGrp/Desc0TEXTBOOKS/PERIODICALS
IRS990/OtherExpensesGrp/Desc1NON-CAPITAL EQUIPMENT
IRS990/OtherExpensesGrp/Desc2FOOD PURCHASES
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06876
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11656
IRS990/OtherExpensesGrp/ProgramServicesAmt0171945
IRS990/OtherExpensesGrp/ProgramServicesAmt1130648
IRS990/OtherExpensesGrp/ProgramServicesAmt211888
IRS990/OtherExpensesGrp/ProgramServicesAmt34969
IRS990/OtherExpensesGrp/TotalAmt0171945
IRS990/OtherExpensesGrp/TotalAmt1137524
IRS990/OtherExpensesGrp/TotalAmt211888
IRS990/OtherExpensesGrp/TotalAmt36625
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1E-RATE
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0421944
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt155420
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt222806
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0421944
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt155420
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt222806
IRS990/OtherRevenueTotalAmt0523516
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0341810
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06930742
IRS990/OtherSalariesAndWagesGrp/TotalAmt07272552
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025839
IRS990/PayrollTaxesGrp/ProgramServicesAmt0523932
IRS990/PayrollTaxesGrp/TotalAmt0549771
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012655
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0256590
IRS990/PensionPlanContributionsGrp/TotalAmt0269245
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0521
IRS990/PrincipalOfficerNm0ROBERT SPENCER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0STATE OF NC
IRS990/ProgramServiceRevenueGrp/Desc1TOTAL COUNTY FUNDS
IRS990/ProgramServiceRevenueGrp/Desc2LUNCH REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013651573
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14497771
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt267094
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013651573
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14497771
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt267094
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01166892
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02486
IRS990/PYOtherExpensesAmt09771596
IRS990/PYOtherRevenueAmt058177
IRS990/PYProgramServiceRevenueAmt017979297
IRS990/PYRevenuesLessExpensesAmt0736465
IRS990/PYSalariesCompEmpBnftPaidAmt08698791
IRS990/PYTotalExpensesAmt018470387
IRS990/PYTotalRevenueAmt019206852
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0668485
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018216438
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0760068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0937379
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt04063411
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0188896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04252307
IRS990ScheduleD/EquipmentGrp/BookValueAmt086595
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143204
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0229799
IRS990ScheduleD/ExpensesSubtotalAmt019813843
IRS990ScheduleD/LandGrp/BookValueAmt02453620
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02453620
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0359496
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047054
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0406550
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038254
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0109758
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0148012
IRS990ScheduleD/RevenueSubtotalAmt020482328
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07001376
IRS990ScheduleD/TotalExpensesPerForm990Amt019813843
IRS990ScheduleD/TotalRevenuePerForm990Amt020482328
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt020482328
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt019813843
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/ExplanationTxt0CHARTER DAY SCHOOL, INC. 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/ExplanationTxt16A) NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm4B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm5B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm6B A MITCHELL JR SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt5OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt6OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0true
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd6false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03169399
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt11475974
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt2542713
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt31530746
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt4124092
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt5969
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt6526862
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1STAFF DEVLP. & SUPVS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2BACK OFF.& SUPPORT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc3RENT - CLASSROOMS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc4RENT - ADMIN OFFICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc5MISC EQUIPMENT RENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc6MGMT.INCENTIVE BONUS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0LN 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 YEAR ENDED JUNE 30, 2018, TEST SCORES FOR CHARTER DAY SCHOOL, COLUMBUS CHARTER SCHOOL AND SOUTH BRUNSWICK CHARTER SCHOOL WERE HIGHER THAN THE AVERAGES OF THEIR RESPECTIVE COUNTIES BY 23 PERCENT, 19 PERCENT AND 33 PERCENT RESPECTIVELY.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR 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/ExplanationTxt1CHARTER 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 PROVIES 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 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/ExplanationTxt2FORM 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 OF THE 990 IS PROVIDED TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS THE POLICY ANNUALLY. IF ANY CONFLICTS ARISE THEY ARE RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TOP MANAGEMENT OFFICIAL IS PROVIDED BY THE MANAGEMENT COMPANY, ROGER BACON ACADEMY, AND RECEIVE NO COMPENSATION DIRECTLY FROM CHARTER DAY SCHOOL, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OFFICERS OF THE CDS BOARD OF TRUSTEES VOLUNTEER THEIR SERVICE AND RECEIVE NO COMPENSATION. KEY EMPLOYEES ARE PROVIDED BY THE MANAGEMENT COMPANY, ROGER BACON ACADEMY, AND RECEIVE NO COMPENSATION DIRECTLY FROM CHARTER DAY SCHOOL, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING 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/ExplanationTxt7INSTRUCTIONAL CONTRACTED SVC 2,856 0 0 CONTRACTED EXCEP STUDENTS 95,839 0 0 CONTRACTED PSYCHOLOGICAL 140,661 0 0 CONTRACTED SPEECH PATH 162,245 0 0 CONTRACTED R&M 242,253 18,234 0 CONTRACTED CURRICULUM 1,324,469 0 0 MISC CONTRACTS 191,359 14,403 0 CONTRACTED SOCIAL WORK 49,280 0 0 CONTRACTED NUTRITION 277,022 0 0 TOTAL 2,485,984 32,637 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHARTER DAY BOOSTER CLUB
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0200177524
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt03
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt012A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • NTEE B20 • $10M-$25M nonprofits