Civic Intelligence

Lake Norman Charter School Inc

EIN 58-2360164 • 501(c)3 • Huntersville, NC

Profile

Lake norman charter school prepares students to be community leaders demonstrating personal integrity with a life-long desire to learn, lead and serve.

12435 Old Statesville RoadHuntersville, NC 28078

www.lncs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

1.03x

Higher debt load relative to assets than 93% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

2.62x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Net Margin

46th percentile

1.0%

Higher net margin than 46% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

43rd percentile

$250,658

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2024

Asset Growth

48th percentile

3.0%

Faster asset growth than 48% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-4.0%

Faster revenue growth than 26% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$71,305,261

Up $2,070,463 (+3.0%) from 2023

Liabilities

Up

$73,520,096

Up $1,553,902 (+2.2%) from 2023

Net Assets

Up

-$2,214,835

Up $516,561 (+19%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin46th percentile

Revenue

Down

$28,054,535

Down $1,165,117 (-4.0%) from 2023

Expenses

Up

$27,787,446

Up $3,246,669 (+13%) from 2023

Net Income

Down

$267,089

Down $4,411,786 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2011: $0Liabilities 2011: $0Net Assets 2011: $02011Assets 2012: $34,396,610Liabilities 2012: $23,015,647Net Assets 2012: $11,380,9632012Assets 2013: $33,987,428Liabilities 2013: $22,133,171Net Assets 2013: $11,854,2572013Assets 2014: $33,888,161Liabilities 2014: $21,837,871Net Assets 2014: $12,050,2902014Assets 2015: $33,852,976Liabilities 2015: $23,853,193Net Assets 2015: $9,999,7832015Assets 2016: $33,565,965Liabilities 2016: $22,685,105Net Assets 2016: $10,880,8602016Assets 2017: $38,323,722Liabilities 2017: $27,432,052Net Assets 2017: $10,891,6702017Assets 2018: $57,864,999Liabilities 2018: $69,061,722Net Assets 2018: -$11,196,7232018Assets 2019: $63,298,910Liabilities 2019: $73,327,389Net Assets 2019: -$10,028,4792019Assets 2020: $65,044,761Liabilities 2020: $76,181,275Net Assets 2020: -$11,136,5142020Assets 2021: $64,551,351Liabilities 2021: $74,033,071Net Assets 2021: -$9,481,7202021Assets 2022: $64,667,649Liabilities 2022: $72,185,431Net Assets 2022: -$7,517,7822022Assets 2023: $69,234,798Liabilities 2023: $71,966,194Net Assets 2023: -$2,731,3962023Assets 2024: $71,305,261Liabilities 2024: $73,520,096Net Assets 2024: -$2,214,8352024

Highlighted filing

2024

Assets$71,305,261
Liabilities$73,520,096
Net Assets-$2,214,835
Open 2024 Filing

Operations Trend

Revenue Growth26th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $0Expenses 2011: $0Net Income 2011: $02011Expenses 2012: $10,512,1582012Expenses 2013: $11,307,2042013Revenue 2014: $12,199,179Expenses 2014: $12,003,146Net Income 2014: $196,0332014Revenue 2015: $12,796,860Expenses 2015: $12,313,499Net Income 2015: $483,3612015Revenue 2016: $13,446,637Expenses 2016: $12,565,560Net Income 2016: $881,0772016Revenue 2017: $13,995,601Expenses 2017: $13,984,791Net Income 2017: $10,8102017Revenue 2018: $17,199,690Expenses 2018: $18,707,213Net Income 2018: -$1,507,5232018Revenue 2019: $20,408,849Expenses 2019: $19,240,605Net Income 2019: $1,168,2442019Revenue 2020: $22,291,385Expenses 2020: $23,399,420Net Income 2020: -$1,108,0352020Revenue 2021: $25,126,213Expenses 2021: $23,471,422Net Income 2021: $1,654,7912021Revenue 2022: $25,990,344Expenses 2022: $24,026,406Net Income 2022: $1,963,9382022Revenue 2023: $29,219,652Expenses 2023: $24,540,777Net Income 2023: $4,678,8752023Revenue 2024: $28,054,535Expenses 2024: $27,787,446Net Income 2024: $267,0892024

Highlighted filing

2024

Revenue$28,054,535
Expenses$27,787,446
Net Income$267,089
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$71,305,261
Liabilities
$73,520,096
Net assets
-$2,214,835
Revenue
$28,054,535
Expenses
$27,787,446
Net income
$267,089
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$73.5$2.21$28.1$27.8$0.27
2023Summary only. Only limited summary data is available for this year.$69.2$72.0$2.73$29.2$24.5$4.68
2022Summary only. Only limited summary data is available for this year.$64.7$72.2$7.52$26.0$24.0$1.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.6$74.0$9.48$25.1$23.5$1.65
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.0$76.2$11.1$22.3$23.4$1.11
2019Summary only. Only limited summary data is available for this year.$63.3$73.3$10.0$20.4$19.2$1.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.9$69.1$11.2$17.2$18.7$1.51
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.3$27.4$10.9$14.0$14.0$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$22.7$10.9$13.4$12.6$0.88
2015Summary only. Only limited summary data is available for this year.$33.9$23.9$10.00$12.8$12.3$0.48
2014Detailed filing. Detailed filing data is available for this year.$33.9$21.8$12.1$12.2$12.0$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.0$22.1$11.9$11.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.4$23.0$11.4$10.5
2011Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$28,054,535
Mission and Program Overview

Mission

Lake norman charter school prepares students to be community leaders demonstrating personal integrity with a life-long desire to learn, lead and serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$42,735,410$41,701,889▼ $1,033,521
Savings and Temporary Cash Investments$9,424,111$11,798,409▲ $2,374,298
Prepaid Expenses and Deferred Charges$9,704,549$11,376,259▲ $1,671,710
Pd in Cap Srpls Land Bldg Eqp Fund$5,955,655$8,473,592▲ $2,517,937
Investments Other Securities$1,848,489$2,001,258▲ $152,769
Accounts Receivable$159,941$232,408▲ $72,467
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-8,687,051$-10,688,427▼ $2,001,376
Total Assets$69,234,798$71,305,261▲ $2,070,463
Other Assets Total$5,362,298$4,195,038▼ $1,167,260
Liabilities
Tax Exempt Bond Liabilities$37,038,403$36,199,071▼ $839,332
Other Liabilities$33,951,900$36,044,763▲ $2,092,863
Accounts Payable and Accrued Expenses$971,837$1,272,696▲ $300,859
Deferred Revenue$4,054$3,566▼ $488
Total Liabilities$71,966,194$73,520,096▲ $1,553,902
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,731,396$-2,214,835▲ $516,561
Total Liabilities and Net Assets / Fund Balance$69,234,798$71,305,261▲ $2,070,463

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,772,839$18,242,618-
Other Land Buildings$407,095--
Land$6,527,965--
Equipment$993,990$5,503,434-
Other Assets Org$1,122,790--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon SteinManaging DirectorFT$202,139$48,519$250,658

Board Members and Trustees

NameTitle
Amy CarrBoard Chair
Greg KilpatrickVice Chair
Craig RandallBoard Member
Jared TilleyBoard Member
Michael EastwoodBoard Member
Nicole BenfordBoard Member
Ridgely ChapmanBoard Member
Elizabeth TimkovichSecretary
Gray MorrisTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ratzlaff Construction Company LLCConstruction920 BLAIRHILL ROAD SUITE B119, Charlotte, NC 28217$674,681
Revenue and Support

Revenue Composition

Contributions and Grants
$23,939,459
Program Service Revenue
$1,058,685
Investment Income
$246,759
Other Revenue
$2,809,632
All Other Contributions
$528,895
Change in Net Assets
$267,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,054,535
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$249,472
Total Revenue per Audited Statements
$28,304,007
Total Revenue per Form 990
$28,054,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,787,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$1,732,015-$1,732,015
Other Expenses$116,999--$116,999
Total Functional Expenses$26,055,431$1,732,015$0$27,787,446

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$27,787,446
Total Expenses per Audited Statements$27,787,446
Total Expenses per Form 990$27,787,446
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Net Opeb Liability$18,293,187
Net Pension Liability$11,662,052
Opeb Deffered Inflows of Resources$4,914,077
Pension Deferred Inflows of Resources$459,725
Compensated Absences$361,300
Prepaid Rent$250,000
Lease Obligation$104,422

Bond Issues

BondIssuerIssuedIssue PricePurpose
APublic Finance Authority of Wisconsin2018-01-09$37,730,000Retire 2008 bonds,construction loans,& construct new elementary school

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$37,730,000---

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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

Governance Explanations

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

“The finance committee and treasurer review and approve the form 990.”

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

“All board members are familiar with the conflict of interest policy and are required to disclose any issues when they join the board. The treasurer reviews monthly vendor reports for any potential issues with companies that employ board members.”

Form 990, Part VI, Section B, Line 15

“A multiple-step process is used to set compensation for the managing director. First, market data is gathered from multiple external sources. The board conducts a performance review and goals and expectations are set for the following school year. The policy and personnel committee reviews the performance documents and presents their findings to the board with a recommendation for any compensation changes. The board then votes on the recommended changes. When the policy and personnel committee presents their recommendations, they provide supporting market compensation data. Compensation of local school administrators is common knowledge as the result of media coverage. For other key employees, the policy and personnel committee gathers market data using the same external sources. The managing director conducts the performance review and presents any recommended compensation changes to the board.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Lake Norman Charter School
EIN
58-2360164
Phone
7049488600
Address
12435 OLD STATESVILLE ROAD, HUNTERSVILLE, NC 28078

Signing Officer

Name
Shannon Stein
Title
Superintendent
Phone
7049488600
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Stein
Formed
1998
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
312
Volunteers
200

Preparer

Firm
Potter and Company Pa
Address
434 COPPERFIELD BLVD NE, CONCORD, NC 28025
Preparer
Eric Smith
Phone
7047868189
Supplemental Narrative

Additional Explanations

Part XI, Line 2C

“No change in either the selection process or oversight process.”

Financial Statement Notes

PART X, LINE 2:

“The school adopted asc 740-10 as it related to uncertain tax positions effective for the year ended june 30, 2024 and has evaluated its tax positions taken for all open tax years. However, the school is not currently under audit nor has the school been contacted by these jurisdictions. Based on the evaluation of the schools tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the year ended june 30, 2024.”

Raw XML AppendixShowing 400 of 537 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/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt0232408
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE.
IRS990/AllOtherContributionsAmt0528895
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IRS990/Desc0TO OPERATE A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 2,200 STUDENTS IN GRADES K-12. PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SUPPLIES AND MATERIALS TO STUDENTS ENROLLED IN THE CHARTER SCHOOL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6MANAGING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt028054535
IRS990/GrossRentsGrp/RealAmt02528550
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt01732015
IRS990/InterestGrp/TotalAmt01732015
IRS990/InvestmentIncomeGrp/ExclusionAmt0246759
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0246759
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01848489
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02001258
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt071
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023746052
IRS990/LandBldgEquipBasisNetGrp/BOYAmt042735410
IRS990/LandBldgEquipBasisNetGrp/EOYAmt041701889
IRS990/LandBldgEquipCostOrOtherBssAmt065447941
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-2731396
IRS990/NetAssetsOrFundBalancesEOYAmt0-2214835
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02528550
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02528550
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0249472
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05362298
IRS990/OtherAssetsTotalGrp/EOYAmt04195038
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1SYSTEM-WIDE SUPPORT SER
IRS990/OtherExpensesGrp/Desc2BEFORE & AFTER CARE EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt020424403
IRS990/OtherExpensesGrp/ProgramServicesAmt15514029
IRS990/OtherExpensesGrp/ProgramServicesAmt2116999
IRS990/OtherExpensesGrp/TotalAmt020424403
IRS990/OtherExpensesGrp/TotalAmt15514029
IRS990/OtherExpensesGrp/TotalAmt2116999
IRS990/OtherLiabilitiesGrp/BOYAmt033951900
IRS990/OtherLiabilitiesGrp/EOYAmt036044763
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/BusinessCd1611110
IRS990/OtherRevenueMiscGrp/BusinessCd2611110
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt065572
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0211930
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt13580
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0211930
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt165572
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt23580
IRS990/OtherRevenueTotalAmt0281082
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt05955655
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08473592
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09704549
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011376259
IRS990/PrincipalOfficerNm0SHANNON STEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2624410
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT CLUBS
IRS990/ProgramServiceRevenueGrp/Desc2CHILD CARE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0449825
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1333274
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2275586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0449825
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1333274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2275586
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt022330168
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0123900
IRS990/PYOtherExpensesAmt024540777
IRS990/PYOtherRevenueAmt05106625
IRS990/PYProgramServiceRevenueAmt01658959
IRS990/PYRevenuesLessExpensesAmt04678875
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt024540777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt029219652
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0267089
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02528550
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03802745
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-8687051
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-10688427
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09424111
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011798409
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt033772839
IRS990ScheduleD/BuildingsGrp/DepreciationAmt018242618
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt052015457
IRS990ScheduleD/EquipmentGrp/BookValueAmt0993990
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05503434
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06497424
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt027787446
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06527965
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt06527965
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0249472
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02970774
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1101474
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21122790
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED BOND FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ERC RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0407095
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0407095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011662052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1459725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2361300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt318293187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt44914077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5250000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6104422
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3NET OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4OPEB DEFFERED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6LEASE OBLIGATION
IRS990ScheduleD/RevenueNotReportedAmt0249472
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt028054535
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADOPTED ASC 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2024 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE SCHOOLS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041701889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04195038
IRS990ScheduleD/TotalExpensesPerForm990Amt027787446
IRS990ScheduleD/TotalLiabilityAmt036044763
IRS990ScheduleD/TotalRevenuePerForm990Amt028054535
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt028304007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt027787446
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL AND THEREFORE DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE TO ANY STUDENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A CHARTER SCHOOL UNDER THE NORTH CAROLINA GENERAL STATUTE 115C-218. ACCORDINGLY, IT RECEIVES FEDERAL AND STATE ASSISTANCE THROUGH THE STATE BOARD OF EDUCATION.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0202139
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt035637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012882
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHANNON STEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0250658
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00

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