Civic Intelligence

Lake Norman Charter School Inc.

990 • Fiscal year 2012 • EIN 58-2360164

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 09, 2013

Organization ProfileWWW.LNCS.ORG
12435 Old Statesville Road28078
Siviq Scores

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

Liabilities / Assets

82nd percentile

0.67x

Higher debt load relative to assets than 82% of similar nonprofits.

2012 filings • NTEE B • $25M-$50M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$34,396,610

Up $34,396,610 from 2011

Net Assets

Up

$11,380,963

Up $11,380,963 from 2011

Liabilities

Up

$23,015,647

Up $23,015,647 from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$10,512,158

Up $10,512,158 from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2012

Assets$34,396,610
Liabilities$23,015,647
Net Assets$11,380,963
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2012

Revenue-
Expenses$10,512,158
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 9, 2013
Return Version
2011v1.2
Gross Receipts
$11,913,193
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.

Filing and Contact Details

Filer

EIN
58-2360164
Raw XML AppendixShowing 400 of 480 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/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY0548228
IRS990/AccountsPayableAccruedExpenses/EOY0639748
IRS990/AccountsReceivable/BOY018229
IRS990/AccountsReceivable/EOY0392008
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE.
IRS990/AddressPrincipalOfficerUS/AddressLine1012435 OLD STATESVILLE ROAD
IRS990/AddressPrincipalOfficerUS/City0HUNTERSVILLE
IRS990/AddressPrincipalOfficerUS/State0NC
IRS990/AddressPrincipalOfficerUS/ZIPCode028078
IRS990/AllOtherContributions0148403
IRS990/AllOtherExpenses/ManagementAndGeneral0140262
IRS990/AllOtherExpenses/ProgramServices0224311
IRS990/AllOtherExpenses/Total0364573
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY00
IRS990/CapStckTrstPrinCurrentFunds/EOY00
IRS990/CashNonInterestBearing/BOY0366875
IRS990/CashNonInterestBearing/EOY0404817
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral093877
IRS990/CompCurrentOfficersDirectors/Total093877
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ComplianceWithBackupWitholding01
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear011251576
IRS990/ContributionsGrantsPriorYear010490893
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/BOY0450000
IRS990/DeferredRevenue/EOY0375000
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral0120077
IRS990/DepreciationDepletion/ProgramServices0967944
IRS990/DepreciationDepletion/Total01088021
IRS990/DescribedIn501C301
IRS990/Description0TO OPERATE A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 1,600 STUDENTS IN GRADES 5-12. PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SUPPLIES AND MATERIALS TO STUDENTS ENROLLED IN THE CHARTER SCHOOL.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy00
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers00
IRS990/EmploymentTaxReturnsFiled01
IRS990/EscrowAccount00
IRS990/ExcessBenefitTransaction00
IRS990/Expense07613592
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditPerformed01
IRS990/FederalGrantAuditRequired01
IRS990/FinancialStatementSeparate0X
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek03.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek13.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek23.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek33.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek43.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek53.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek63.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek73.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek83.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek98.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek103.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek1140.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector6X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector7X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector8X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector9X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector10X
IRS990/Form990PartVIISectionA/NamePerson0BILL FARBER
IRS990/Form990PartVIISectionA/NamePerson1BONNIE NEWELL
IRS990/Form990PartVIISectionA/NamePerson2RON JONES
IRS990/Form990PartVIISectionA/NamePerson3TRICIA SISSON
IRS990/Form990PartVIISectionA/NamePerson4CATHY MOORE
IRS990/Form990PartVIISectionA/NamePerson5EDDIE BETHEA
IRS990/Form990PartVIISectionA/NamePerson6MIKE MANAHAN
IRS990/Form990PartVIISectionA/NamePerson7CYNTHIA BUSH
IRS990/Form990PartVIISectionA/NamePerson8DAVE SWETT
IRS990/Form990PartVIISectionA/NamePerson9TOM GHAREEB
IRS990/Form990PartVIISectionA/NamePerson10LAURIE FABIAN
IRS990/Form990PartVIISectionA/NamePerson11SHANNON STEIN
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/OtherCompensation70
IRS990/Form990PartVIISectionA/OtherCompensation80
IRS990/Form990PartVIISectionA/OtherCompensation90
IRS990/Form990PartVIISectionA/OtherCompensation100
IRS990/Form990PartVIISectionA/OtherCompensation1116269
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization80
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization90
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization100
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1193877
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs80
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs90
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs100
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs110
IRS990/Form990PartVIISectionA/Title0VICE CHAIRPERSON
IRS990/Form990PartVIISectionA/Title1SECRETARY
IRS990/Form990PartVIISectionA/Title2BOARD MEMBER
IRS990/Form990PartVIISectionA/Title3CHAIRPERSON
IRS990/Form990PartVIISectionA/Title4BOARD MEMBER
IRS990/Form990PartVIISectionA/Title5BOARD MEMBER
IRS990/Form990PartVIISectionA/Title6BOARD MEMBER
IRS990/Form990PartVIISectionA/Title7BOARD MEMBER
IRS990/Form990PartVIISectionA/Title8BOARD MEMBER
IRS990/Form990PartVIISectionA/Title9TREASURER
IRS990/Form990PartVIISectionA/Title10BOARD MEMBER
IRS990/Form990PartVIISectionA/Title11MANAGING DIRECTOR
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GovernmentGrants011103173
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts011913193
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXII0X
IRS990/InformationTechnology/ManagementAndGeneral051363
IRS990/InformationTechnology/ProgramServices014899
IRS990/InformationTechnology/Total066262
IRS990/Insurance/ManagementAndGeneral0113504
IRS990/Insurance/Total0113504
IRS990/IntangibleAssets/BOY0214010
IRS990/IntangibleAssets/EOY0204282
IRS990/Interest/ManagementAndGeneral0750517
IRS990/Interest/Total0750517
IRS990/InvestmentIncomeCurrentYear04245
IRS990/InvestmentIncomePriorYear010403
IRS990/InvestmentIncome/RelatedOrExemptFunctionIncome04245
IRS990/InvestmentIncome/TotalRevenueColumn04245
IRS990/InvestmentInJointVenture00
IRS990/InvestTaxExemptBonds00
IRS990/LandBldgEquipmentAccumDeprec04481199
IRS990/LandBuildingsEquipmentBasis028525543
IRS990/LandBuildingsEquipmentBasisNet/BOY024860358
IRS990/LandBuildingsEquipmentBasisNet/EOY024044344
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfPrincipalOfficerPerson0TOM GHAREEB
IRS990/NbrIndependentVotingMembers011
IRS990/NbrVotingGoverningBodyMembers011
IRS990/NbrVotingMembersGoverningBody011
IRS990/NetAssetsOrFundBalancesBOY09979928
IRS990/NetAssetsOrFundBalancesEOY011380963
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096035
IRS990/NumberIndependentVotingMembers011
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees0165
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral0236940
IRS990/Occupancy/ProgramServices062270
IRS990/Occupancy/Total0299210
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/OnBehalfOfIssuer00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY08391
IRS990/OtherAssetsTotal/EOY011358
IRS990/OtherEmployeeBenefits/ManagementAndGeneral097243
IRS990/OtherEmployeeBenefits/ProgramServices0510527
IRS990/OtherEmployeeBenefits/Total0607770
IRS990/OtherExpensePriorYear03826409
IRS990/OtherExpensesCurrentYear03506664
IRS990/OtherExpenses/Description0CONTRACTED SERVICES
IRS990/OtherExpenses/Description1ADMINISTRATIVE SVCS
IRS990/OtherExpenses/Description2UTILITIES
IRS990/OtherExpenses/Description3CLUBS
IRS990/OtherExpenses/ManagementAndGeneral0179591
IRS990/OtherExpenses/ManagementAndGeneral1177533
IRS990/OtherExpenses/ProgramServices0284631
IRS990/OtherExpenses/ProgramServices1165889
IRS990/OtherExpenses/Total0284631
IRS990/OtherExpenses/Total1179591
IRS990/OtherExpenses/Total2177533
IRS990/OtherExpenses/Total3165889
IRS990/OtherLiabilities/BOY01412077
IRS990/OtherLiabilities/EOY02425438
IRS990/OtherRevenueCurrentYear0657372
IRS990/OtherRevenueMisc/BusinessCode0611600
IRS990/OtherRevenueMisc/Description0MISCELLANEOUS
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome0657372
IRS990/OtherRevenueMisc/TotalRevenueColumn0657372
IRS990/OtherRevenuePriorYear01070828
IRS990/OtherSalariesAndWages/ManagementAndGeneral0738430
IRS990/OtherSalariesAndWages/ProgramServices04426064
IRS990/OtherSalariesAndWages/Total05164494
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY05655708
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY05378980
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/ManagementAndGeneral074872
IRS990/PayrollTaxes/ProgramServices0393078
IRS990/PayrollTaxes/Total0467950
IRS990/PensionPlanContributions/ManagementAndGeneral0107424
IRS990/PensionPlanContributions/ProgramServices0563979
IRS990/PensionPlanContributions/Total0671403
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY01412077
IRS990/PrepaidExpensesDeferredCharges/EOY02425438
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenueCY00
IRS990/ProgramServiceRevenuePriorYear00
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges00
IRS990/ReconcilationRevenueExpenses01401035
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities01
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY04324220
IRS990/RetainedEarningsEndowmentEtc/EOY06001983
IRS990/RevenuesLessExpensesCY01401035
IRS990/RevenuesLessExpensesPriorYear0921497
IRS990/SalariesEtcCurrentYear07005494
IRS990/SalariesEtcPriorYear06824218
IRS990/SavingsAndTempCashInvestments/BOY05572534
IRS990/SavingsAndTempCashInvestments/EOY06914363
IRS990ScheduleA/GovernmentalUnit170b1Av0X
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired01
IRS990ScheduleD/Buildings/BookValue020024950
IRS990ScheduleD/Buildings/Depreciation02923429
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis022948379
IRS990ScheduleD/Equipment/BookValue0962842
IRS990ScheduleD/Equipment/Depreciation01557770
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis02520612
IRS990ScheduleD/ExcessOrDeficitForYear01401035
IRS990ScheduleD/ExcessOrDeficitPerFS01401035
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal010512158
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE SCHOOL ADOPTED ASC 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2010 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS ENDED 2009, 2010 AND 2011 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 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, 2012.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1NOTE PAYABLE BEGINNING BALANCE COMPENSATED ABSCENCE BEGINNING BALANCE ACCOUMULATED DEPRECIATION - BEGINNING BALANCE
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XI, LINE 8 - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/Land/BookValue02868634
IRS990ScheduleD/Land/OtherCostOrOtherBasis02868634
IRS990ScheduleD/OtherLandBuildings/BookValue0187918
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0187918
IRS990ScheduleD/OtherLiabilities/Amount02425438
IRS990ScheduleD/OtherLiabilities/Description0DERIVATIVE LIABILITY
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal011913193
IRS990ScheduleD/TotalExpenses010512158
IRS990ScheduleD/TotalExpensesPerForm990010512158
IRS990ScheduleD/TotalOfAmounts02425438
IRS990ScheduleD/TotalOfBookValueLandBuildings024044344
IRS990ScheduleD/TotalRevenue011913193
IRS990ScheduleD/TotalRevenuePerForm990011913193
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt010512158
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt011913193
IRS990/ScheduleJRequired00
IRS990ScheduleK/Form990ScheduleKPartI/CUSIPNumber000000D479
IRS990ScheduleK/Form990ScheduleKPartI/CUSIPNumber100000D480
IRS990ScheduleK/Form990ScheduleKPartI/DateIssued02008-05-16
IRS990ScheduleK/Form990ScheduleKPartI/DateIssued12008-05-16
IRS990ScheduleK/Form990ScheduleKPartI/Defeased00
IRS990ScheduleK/Form990ScheduleKPartI/Defeased10
IRS990ScheduleK/Form990ScheduleKPartI/DescriptionOfPurpose0MIDDLE SCHOOL AND HIGH SCHOOL CONSTRUCTION
IRS990ScheduleK/Form990ScheduleKPartI/DescriptionOfPurpose1MIDDLE SCHOOL AND HIGH SCHOOL CONSTRUCTION
IRS990ScheduleK/Form990ScheduleKPartII/AdequateBooksAndRecdsMaintaind00
IRS990ScheduleK/Form990ScheduleKPartII/AdequateBooksAndRecdsMaintaind10
IRS990ScheduleK/Form990ScheduleKPartII/AdvanceRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/AdvanceRefunding10
IRS990ScheduleK/Form990ScheduleKPartII/CurrentRefunding00
IRS990ScheduleK/Form990ScheduleKPartII/CurrentRefunding10
IRS990ScheduleK/Form990ScheduleKPartII/FinalAllocationMade00
IRS990ScheduleK/Form990ScheduleKPartII/FinalAllocationMade10
IRS990ScheduleK/Form990ScheduleKPartIII/AnyLeaseArrangements00
IRS990ScheduleK/Form990ScheduleKPartIII/AnyLeaseArrangements10
IRS990ScheduleK/Form990ScheduleKPartIII/AnyResearchAgreements00
IRS990ScheduleK/Form990ScheduleKPartIII/AnyResearchAgreements10
IRS990ScheduleK/Form990ScheduleKPartIII/MngmentCntrctBondFinancdPrprty00
IRS990ScheduleK/Form990ScheduleKPartIII/MngmentCntrctBondFinancdPrprty10
IRS990ScheduleK/Form990ScheduleKPartIII/OwningBondFinancedProperty00
IRS990ScheduleK/Form990ScheduleKPartIII/OwningBondFinancedProperty10
IRS990ScheduleK/Form990ScheduleKPartIII/PostIssuanceComplianceProcdrs00
IRS990ScheduleK/Form990ScheduleKPartIII/PostIssuanceComplianceProcdrs10
IRS990ScheduleK/Form990ScheduleKPartI/IssuePrice019500000
IRS990ScheduleK/Form990ScheduleKPartI/IssuePrice1500000
IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine10NC CAPITAL FACILITIES FINANCE AGENCY
IRS990ScheduleK/Form990ScheduleKPartI/IssuerName/BusinessNameLine11NC CAPITAL FACILITIES FINANCE AGENCY
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer00
IRS990ScheduleK/Form990ScheduleKPartI/OnBehalfOfIssuer10
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing00
IRS990ScheduleK/Form990ScheduleKPartI/PoolFinancing10
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate00
IRS990ScheduleK/Form990ScheduleKPartIV/ExceptionToRebate10
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled00
IRS990ScheduleK/Form990ScheduleKPartIV/Form8038TFiled10
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvested10
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC00
IRS990ScheduleK/Form990ScheduleKPartIV/GrossProceedsInvestedInGIC10
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds00
IRS990ScheduleK/Form990ScheduleKPartIV/HedgeIdentifiedInBooksAndRecds10
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue00
IRS990ScheduleK/Form990ScheduleKPartIV/VariableRateIssue10
IRS990ScheduleO/GeneralExplanation/Explanation0THE FINANCE COMMITTEE AND TREASURER REVIEW AND APPROVE THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation1ALL 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.
IRS990ScheduleO/GeneralExplanation/Explanation2A 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 COMITTEE GATHERS MARKET DATA USING THE SAME EXTERNAL SOURCES. THE MANAGING DIRECTOR CONDUCTS THE PERFORMANCE REVIEW AND PRESENTS ANY RECOMMENDED COMPENSATION CHANGES TO THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation3THE DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4NO CHANGE IN NEITHER THE SELECTION PROCESS OR OVERSIGHT PROCESS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4PART XI, LINE 2C
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NC
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBondLiabilities/BOY020062241
IRS990/TaxExemptBondLiabilities/EOY019575461
IRS990/TaxExemptBonds01
IRS990/Terminated00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$34,396,610
Liabilities
$23,015,647
Net assets
$11,380,963
Revenue
-
Expenses
$10,512,158
Net income
-
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