Civic Intelligence

Alpha Academy Inc.

990 • Fiscal year 2016 • EIN 56-2200096

Jul 01, 2015 to Jun 30, 2016 • Filed on Aug 31, 2016

P O Box 35476Fayetteville, NC 28303

(910) 223-7711

Siviq Scores

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

Liabilities / Assets

71st percentile

0.63x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.53x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

86th percentile

20%

Higher net margin than 86% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

24%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$12,937,197

Up $3,988,505 (+45%) from 2015

Net Assets

Up

$4,725,278

Up $1,049,961 (+29%) from 2015

Liabilities

Up

$8,211,919

Up $2,938,544 (+56%) from 2015

Revenue

Up

$5,359,934

Up $1,032,223 (+24%) from 2015

Expenses

Up

$4,309,973

Up $958,254 (+29%) from 2015

Net Income

Up

$1,049,961

Up $73,969 (+7.6%) from 2015

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $4,302,878Liabilities 2012: $2,834,104Net Assets 2012: $1,468,7742012Assets 2013: $5,587,504Liabilities 2013: $3,783,385Net Assets 2013: $1,804,1192013Assets 2014: $6,368,171Liabilities 2014: $3,668,846Net Assets 2014: $2,699,3252014Assets 2015: $8,948,692Liabilities 2015: $5,273,375Net Assets 2015: $3,675,3172015Assets 2016: $12,937,197Liabilities 2016: $8,211,919Net Assets 2016: $4,725,2782016Assets 2017: $13,638,449Liabilities 2017: $8,050,208Net Assets 2017: $5,588,2412017Assets 2018: $14,492,486Liabilities 2018: $7,741,366Net Assets 2018: $6,751,1202018Assets 2019: $15,672,366Liabilities 2019: $7,913,069Net Assets 2019: $7,759,2972019Assets 2020: $20,359,972Liabilities 2020: $11,509,722Net Assets 2020: $8,850,2502020Assets 2021: $22,768,477Liabilities 2021: $11,430,314Net Assets 2021: $11,338,1632021Assets 2022: $20,975,486Liabilities 2022: $10,807,079Net Assets 2022: $10,168,4072022Assets 2023: $22,110,907Liabilities 2023: $9,609,239Net Assets 2023: $12,501,6682023Assets 2024: $23,244,613Liabilities 2024: $9,081,827Net Assets 2024: $14,162,7862024

Highlighted filing

2016

Assets$12,937,197
Liabilities$8,211,919
Net Assets$4,725,278

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $1,703,0182012Expenses 2013: $2,264,3942013Revenue 2014: $4,091,507Expenses 2014: $3,196,301Net Income 2014: $895,2062014Revenue 2015: $4,327,711Expenses 2015: $3,351,719Net Income 2015: $975,9922015Revenue 2016: $5,359,934Expenses 2016: $4,309,973Net Income 2016: $1,049,9612016Revenue 2017: $5,486,591Expenses 2017: $4,623,628Net Income 2017: $862,9632017Revenue 2018: $6,480,676Expenses 2018: $5,317,797Net Income 2018: $1,162,8792018Revenue 2019: $6,831,189Expenses 2019: $5,823,012Net Income 2019: $1,008,1772019Revenue 2020: $7,499,451Expenses 2020: $6,408,498Net Income 2020: $1,090,9532020Revenue 2021: $9,526,287Expenses 2021: $7,038,374Net Income 2021: $2,487,9132021Revenue 2022: $9,474,436Expenses 2022: $10,644,192Net Income 2022: -$1,169,7562022Revenue 2023: $12,338,690Expenses 2023: $10,965,565Net Income 2023: $1,373,1252023Revenue 2024: $12,844,250Expenses 2024: $11,183,132Net Income 2024: $1,661,1182024

Highlighted filing

2016

Revenue$5,359,934
Expenses$4,309,973
Net Income$1,049,961
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Aug 31, 2016
Return Version
2015v2.1
Gross Receipts
$5,359,934
Mission and Program Overview

Mission

North Carolina Public Charter School

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,316,376$10,453,519▲ $3,137,143
Cash and Non-Interest-Bearing Accounts$1,626,885$2,468,857▲ $841,972
Rtn Earn Endowment Incm Other Fnds$1,002,791$2,467,040▲ $1,464,249
Pd in Cap Srpls Land Bldg Eqp Fund$2,672,526$2,258,238▼ $414,288
Prepaid Expenses and Deferred Charges$2,000$10,465▲ $8,465
Accounts Receivable$3,431$4,356▲ $925
Total Assets$8,948,692$12,937,197▲ $3,988,505
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,643,850$8,195,281▲ $3,551,431
Accounts Payable and Accrued Expenses$629,525$16,638▼ $612,887
Total Liabilities$5,273,375$8,211,919▲ $2,938,544
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,675,317$4,725,278▲ $1,049,961
Total Liabilities and Net Assets / Fund Balance$8,948,692$12,937,197▲ $3,988,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,114,206$448,977$9,563,183
Land$1,194,601-$1,194,601
Equipment$144,712$72,076$216,788
Compensation and Service Providers

Board Members and Trustees

NameTitle
Norma CampbellChairwoman
Adam BeyahDirector
Barbara BattsDirector
Daron SatterfieldDirector
Jerome ScottDirector
Simon JohnsonDirector
Tommy EvansDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,161,135
Program Service Revenue
$118,293
Investment Income
$0
Other Revenue
$80,506
All Other Contributions
$12,703
Change in Net Assets
$1,049,961

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,359,934
Total Revenue per Audited Statements
$5,359,934
Total Revenue per Form 990
$5,359,934
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,461,854
Other Expenses$1,848,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,980,079$186,916$0$2,166,995
All Other Expenses$374,099$204,041$0$578,140
Occupancy$208,539$80,417$0$288,956
Interest$0$276,367$0$276,367
Depreciation Depletion$8,714$187,277$0$195,991
Payroll Taxes$175,236$14,120$0$189,356
Office Expenses$106,940$0$0$106,940
Other Employee Benefits$90,740$14,763$0$105,503
Conferences and Meetings$38,385$8,478$0$46,863
Other Expenses$1,325$40,406$0$41,731
Insurance$31,111$6,500$0$37,611
Information Technology$28,405$0$0$28,405
Fees for Services Legal$0$10,120$0$10,120
Fees for Services Accounting$0$8,750$0$8,750
Advertising$0$6,750$0$6,750
Total Functional Expenses$3,250,174$1,059,799$0$4,309,973

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,309,973
Total Expenses per Audited Statements$4,309,973
Total Expenses per Form 990$4,309,973
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Alpha Academy Inc
EIN
56-2200096
Phone
9102237711
Address
P O Box 35476, Fayetteville, NC 28303

Signing Officer

Name
Norma Campbell
Title
Chair
Phone
9102237711
Signed
2016-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Norma Campbell
Formed
2000
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
92
Volunteers
150

Preparer

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

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by the board prior to filing.

Pt VI, Line 12C

Conflict of Interest statements are signed annually.

Pt VI, Line 15A

Compared to other charter schools.

Pt VI, Line 15B

Compared to other charter schools.

Form 990, Part IX, Line 24E

Other 56. 0. 56. 0.

Form 990, Part IX, Line 24E

Pupil Transportation 18899. 0. 18899. 0.

Form 990, Part IX, Line 24E

Non-Capital Equipment 89056. 17542. 71514. 0.

Form 990, Part IX, Line 24E

Supplies and Materials 369030. 311962. 57068. 0.

Form 990, Part IX, Line 24E

Leases 56504. 0. 56504. 0.

Form 990, Part IX, Line 24E

Extended Services-Child Care 44595. 44595. 0. 0.

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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09563183
IRS990ScheduleD/EquipmentGrp/BookValueAmt0144712
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072076
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0216788
IRS990ScheduleD/ExpensesSubtotalAmt04309973
IRS990ScheduleD/LandGrp/BookValueAmt01194601
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01194601
IRS990ScheduleD/RevenueSubtotalAmt05359934
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010453519
IRS990ScheduleD/TotalExpensesPerForm990Amt04309973
IRS990ScheduleD/TotalRevenuePerForm990Amt05359934
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05359934
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04309973
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/ExplanationTxt0POLICY IS INCLUDED IN STATEMENT OF PURPOSE N/A
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1N/A
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is reviewed by the board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Conflict of Interest statements are signed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compared to other charter schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other 56. 0. 56. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Pupil Transportation 18899. 0. 18899. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Non-Capital Equipment 89056. 17542. 71514. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Supplies and Materials 369030. 311962. 57068. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Leases 56504. 0. 56504. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Extended Services-Child Care 44595. 44595. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08948692
IRS990/TotalAssetsEOYAmt012937197
IRS990/TotalAssetsGrp/BOYAmt08948692
IRS990/TotalAssetsGrp/EOYAmt012937197
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05161135
IRS990/TotalEmployeeCnt092
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01059799
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03250174
IRS990/TotalFunctionalExpensesGrp/TotalAmt04309973
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05273375
IRS990/TotalLiabilitiesEOYAmt08211919
IRS990/TotalLiabilitiesGrp/BOYAmt05273375
IRS990/TotalLiabilitiesGrp/EOYAmt08211919
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03675317
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04725278
IRS990/TotalProgramServiceExpensesAmt03250174
IRS990/TotalProgramServiceRevenueAmt0118293
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05359934
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08948692
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012937197
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O Box 35476
IRS990/USAddress/CityNm0Fayetteville
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028303
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NORMA CAMPBELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum09102237711
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Alpha Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0ALPH
ReturnHeader/Filer/EIN0562200096
ReturnHeader/Filer/PhoneNum09102237711
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 35476
ReturnHeader/Filer/USAddress/CityNm0Fayetteville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028303
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Darrell L Keller CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1028
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kings Mountain
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028086
ReturnHeader/PreparerPersonGrp/PhoneNum07047390771
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARRELL L KELLER
ReturnHeader/ReturnTs02016-11-14T12:53:09-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30

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