Civic Intelligence

Mountain Discovery Charter School of Swain County

990 • Fiscal year 2018 • EIN 56-2257244

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 10, 2018

Organization Profilewww.mountaindiscovery.org
890 Jenkins Branch Road NBryson City, NC 28713

(828) 488-1222

Siviq Scores

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

Liabilities / Assets

98th percentile

2.69x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

1.52x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Net Margin

46th percentile

2.9%

Higher net margin than 46% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2018 filings • NTEE B • $1M-$5M nonprofits • Source year 2018

Asset Growth

13th percentile

-11%

Faster asset growth than 13% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

2018 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,032,465

Down $122,013 (-11%) from 2017

Net Assets

Down

-$1,745,114

Down $2,093,652 (-601%) from 2017

Liabilities

Up

$2,777,579

Up $1,971,639 (+245%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin46th percentile

Revenue

Up

$1,823,907

Up $107,843 (+6.3%) from 2017

Expenses

Up

$1,771,433

Up $87,881 (+5.2%) from 2017

Net Income

Up

$52,474

Up $19,962 (+61%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $417,021Liabilities 2011: $4,977Net Assets 2011: $412,0442011Assets 2012: $377,402Liabilities 2012: $9,920Net Assets 2012: $367,4822012Assets 2013: $340,265Liabilities 2013: $36,523Net Assets 2013: $303,7422013Assets 2014: $359,485Liabilities 2014: $3,741Net Assets 2014: $355,7442014Assets 2015: $582,504Liabilities 2015: $310,863Net Assets 2015: $271,6412015Assets 2016: $683,998Liabilities 2016: $367,972Net Assets 2016: $316,0262016Assets 2017: $1,154,478Liabilities 2017: $805,940Net Assets 2017: $348,5382017Assets 2018: $1,032,465Liabilities 2018: $2,777,579Net Assets 2018: -$1,745,1142018Assets 2019: $1,171,610Liabilities 2019: $2,835,167Net Assets 2019: -$1,663,5572019Assets 2020: $1,493,221Liabilities 2020: $3,071,076Net Assets 2020: -$1,577,8552020Assets 2021: $1,635,136Liabilities 2021: $2,815,211Net Assets 2021: -$1,180,0752021Assets 2022: $1,991,826Liabilities 2022: $2,951,528Net Assets 2022: -$959,7022022Assets 2023: $2,250,016Liabilities 2023: $2,978,532Net Assets 2023: -$728,5162023Assets 2024: $2,546,985Liabilities 2024: $3,473,944Net Assets 2024: -$926,9592024Assets 2025: $2,835,655Liabilities 2025: $4,058,716Net Assets 2025: -$1,223,0612025

Highlighted filing

2018

Assets$1,032,465
Liabilities$2,777,579
Net Assets-$1,745,114
Open 2018 Filing

Operations Trend

Revenue Growth54th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,637,004Expenses 2011: $1,523,394Net Income 2011: $113,6102011Revenue 2012: $1,575,080Expenses 2012: $1,619,642Net Income 2012: -$44,5622012Expenses 2013: $1,608,0682013Revenue 2014: $1,634,549Expenses 2014: $1,582,547Net Income 2014: $52,0022014Revenue 2015: $1,747,249Expenses 2015: $1,552,833Net Income 2015: $194,4162015Revenue 2016: $1,740,807Expenses 2016: $1,610,504Net Income 2016: $130,3032016Revenue 2017: $1,716,064Expenses 2017: $1,683,552Net Income 2017: $32,5122017Revenue 2018: $1,823,907Expenses 2018: $1,771,433Net Income 2018: $52,4742018Revenue 2019: $1,855,119Expenses 2019: $1,773,562Net Income 2019: $81,5572019Revenue 2020: $1,924,018Expenses 2020: $1,838,316Net Income 2020: $85,7022020Revenue 2021: $2,196,136Expenses 2021: $1,798,356Net Income 2021: $397,7802021Revenue 2022: $2,235,088Expenses 2022: $2,014,715Net Income 2022: $220,3732022Revenue 2023: $2,326,451Expenses 2023: $2,095,265Net Income 2023: $231,1862023Revenue 2024: $2,552,795Expenses 2024: $2,751,238Net Income 2024: -$198,4432024Revenue 2025: $2,862,968Expenses 2025: $3,159,070Net Income 2025: -$296,1022025

Highlighted filing

2018

Revenue$1,823,907
Expenses$1,771,433
Net Income$52,474
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 10, 2018
Return Version
2017v2.3
Gross Receipts
$1,823,907
Mission and Program Overview

Mission

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$145,332$393,908▲ $248,576
Cash and Non-Interest-Bearing Accounts$606,379$337,574▼ $268,805
Accounts Receivable$17,474$16,490▼ $984
Prepaid Expenses and Deferred Charges$5,475$1,799▼ $3,676
Total Assets$1,154,478$1,032,465▼ $122,013
Other Assets Total$379,818$282,694▼ $97,124
Liabilities
Other Liabilities$803,402$2,769,512▲ $1,966,110
Accounts Payable and Accrued Expenses$2,538$8,067▲ $5,529
Total Liabilities$805,940$2,777,579▲ $1,971,639
Net Assets / Fund Balance
Unrestricted Net Assets$348,538$-1,745,114▼ $2,093,652
Total Net Assets Fund Balance$348,538$-1,745,114▼ $2,093,652
Total Liabilities and Net Assets / Fund Balance$1,154,478$1,032,465▼ $122,013

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$393,908$289,152$683,060
Other Assets Org$2,695--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Dr John BuentingChair
Robert YoungVice Chair
Candace Boan-LenzoBoard Member
James BusbinBoard Member
Charlie BreithauptSecretary
John TenchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$225,765
Program Service Revenue
$1,598,142
Investment Income
$0
Other Revenue
$0
All Other Contributions
$68,306
Change in Net Assets
$52,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,823,907
Total Revenue per Audited Statements
$1,823,907
Total Revenue per Form 990
$1,823,907
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,423,220
Other Expenses$348,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,048,117$13,080-$1,061,197
Pension Plan Contributions$152,953$322-$153,275
Other Employee Benefits$133,185$66-$133,251
Occupancy$91,199$30,400-$121,599
Payroll Taxes$74,493$1,004-$75,497
Other Expenses$37,939$38,266-$38,266
Depreciation Depletion$19,183--$19,183
Insurance-$15,237-$15,237
Fees for Services Accounting-$6,800-$6,800
Conferences and Meetings$1,448--$1,448
Advertising-$788-$788
Total Functional Expenses$1,618,415$153,018$0$1,771,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,771,433
Total Expenses per Audited Statements$1,771,433
Total Expenses per Form 990$1,771,433
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflows of Resources$1,581,166
Net Pension Liability$774,168
Federal income taxes$414,178
Net OPEB Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, Part VI, Section A, Line 3

“Acadia NorthStar, LLC - accounting and business services”

Form 990, Part VI, Section B, Line 11B

“The board treasurer reviews 990 and reports to the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section B, Line 15B

“Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.”

Filing and Contact Details

Filer

Filer Name
Mountain Discovery School
EIN
56-2257244
Phone
8284881222
Address
890 Jenkins Branch Road N, Bryson City, NC 28713

Signing Officer

Name
Carter Petty
Title
Director
Phone
8284881222
Signed
2018-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carter Petty
Formed
2001
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
51

Preparer

Firm
Rebekah Barr CPA PC
Address
5422 Boswellville Road, Wilson, NC 27893
Preparer
Rebekah Barr
Phone
2522306294
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0289152
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0683060
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1774168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21581166
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Net OPEB Liability
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt01823907
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0393908
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0282694
IRS990ScheduleD/TotalExpensesPerForm990Amt01771433
IRS990ScheduleD/TotalLiabilityAmt02769512
IRS990ScheduleD/TotalRevenuePerForm990Amt01823907
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01823907
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01771433
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/ExplanationTxt0North Carolina charter schools are funded by State and Local Governments. The School also receives federal grants.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Acadia NorthStar, LLC - accounting and business services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board treasurer reviews 990 and reports to the board of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for top officials is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation for key employees is approved by the board of directors and is based on review of area comparability data and the experience and expertise of the individual.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, school policies and financial statements are available for viewing by the public at the Schools office upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Swain Community Education Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0113688272
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt012b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Support of School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0890 Jenkins Branch Road
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Bryson City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028713
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0true
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt090400
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash Paid
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0k
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01154478
IRS990/TotalAssetsEOYAmt01032465
IRS990/TotalAssetsGrp/BOYAmt01154478
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0225765
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153018
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01618415
IRS990/TotalFunctionalExpensesGrp/TotalAmt01771433
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0805940
IRS990/TotalLiabilitiesEOYAmt02777579
IRS990/TotalLiabilitiesGrp/BOYAmt0805940
IRS990/TotalLiabilitiesGrp/EOYAmt02777579
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0348538
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1745114
IRS990/TotalProgramServiceExpensesAmt01618415
IRS990/TotalProgramServiceRevenueAmt01598142
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01823907
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01154478
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01032465
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0true
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0348538
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1745114
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0890 Jenkins Branch Road
IRS990/USAddress/CityNm0Bryson City
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028713
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IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.mountaindiscovery.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Carter Petty
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,032,465
Liabilities
$2,777,579
Net assets
-$1,745,114
Revenue
$1,823,907
Expenses
$1,771,433
Net income
$52,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.84$4.06$1.22$2.86$3.16$0.30
2024Detailed filing. Detailed filing data is available for this year.$2.55$3.47$0.93$2.55$2.75$0.20
2023Detailed filing. Detailed filing data is available for this year.$2.25$2.98$0.73$2.33$2.10$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.99$2.95$0.96$2.24$2.01$0.22
2021Detailed filing. Detailed filing data is available for this year.$1.64$2.82$1.18$2.20$1.80$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.49$3.07$1.58$1.92$1.84$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.17$2.84$1.66$1.86$1.77$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.03$2.78$1.75$1.82$1.77$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.81$0.35$1.72$1.68$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.37$0.32$1.74$1.61$0.13
2015Detailed filing. Detailed filing data is available for this year.$0.58$0.31$0.27$1.75$1.55$0.19
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.63$1.58$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.04$0.30$1.61
2012Summary only. Only limited summary data is available for this year.$0.38$0.01$0.37$1.58$1.62$0.04
2011Summary only. Only limited summary data is available for this year.$0.42$0.00$0.41$1.64$1.52$0.11