Civic Intelligence

Lake Norman Charter School Inc.

990 • Fiscal year 2017 • EIN 58-2360164

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.LNCS.ORG
12435 Old Statesville RoadHuntersville, NC 28078

(704) 948-8600

Siviq Scores

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

Liabilities / Assets

81st percentile

0.72x

Higher debt load relative to assets than 81% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

1.96x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Net Margin

27th percentile

0.1%

Higher net margin than 27% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

17th percentile

$131,292

Higher top officer pay than 17% of similar nonprofits.

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

2017 filings • NTEE B • $25M-$50M nonprofits • Source year 2017

Asset Growth

81st percentile

14%

Faster asset growth than 81% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

49th percentile

4.1%

Faster revenue growth than 49% of similar nonprofits.

2017 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$38,323,722

Up $4,757,757 (+14%) from 2016

Net Assets

Up

$10,891,670

Up $10,810 (+0.1%) from 2016

Liabilities

Up

$27,432,052

Up $4,746,947 (+21%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin27th percentile

Revenue

Up

$13,995,601

Up $548,964 (+4.1%) from 2016

Expenses

Up

$13,984,791

Up $1,419,231 (+11%) from 2016

Net Income

Down

$10,810

Down $870,267 (-99%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

2017

Assets$38,323,722
Liabilities$27,432,052
Net Assets$10,891,670
Open 2017 Filing

Operations Trend

Revenue Growth49th percentile

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

2017

Revenue$13,995,601
Expenses$13,984,791
Net Income$10,810
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$13,995,601
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$24,001,057$28,456,184▲ $4,455,127
Pd in Cap Srpls Land Bldg Eqp Fund$6,204,390$8,779,423▲ $2,575,033
Savings and Temporary Cash Investments$7,691,835$5,356,774▼ $2,335,061
Prepaid Expenses and Deferred Charges$1,810,693$3,807,091▲ $1,996,398
Rtn Earn Endowment Incm Other Fnds$4,676,470$2,112,247▼ $2,564,223
Accounts Receivable$22,260$664,682▲ $642,422
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$33,565,965$38,323,722▲ $4,757,757
Other Assets Total$40,120$38,991▼ $1,129
Liabilities
Tax Exempt Bond Liabilities$16,507,400$15,840,200▼ $667,200
Other Liabilities$3,702,473$5,941,244▲ $2,238,771
Mortgage Notes Payable Secured by Investment Property$1,619,346$4,221,108▲ $2,601,762
Accounts Payable and Accrued Expenses$780,886$1,377,950▲ $597,064
Deferred Revenue$75,000$51,550▼ $23,450
Total Liabilities$22,685,105$27,432,052▲ $4,746,947
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,880,860$10,891,670▲ $10,810
Total Liabilities and Net Assets / Fund Balance$33,565,965$38,323,722▲ $4,757,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,485,208$7,204,818-
Other Land Buildings$3,235,899$423,315-
Land$4,602,965--
Equipment$1,132,112$3,886,240-
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Shannon SteinManaging DirectorFT$131,292$131,292

Board Members and Trustees

NameTitle
Steve JonesBoard Chairman
Ricky JonesVice Chairperson
Anna BlackwelderBoard Member
Jennifer JohnsonBoard Member
Rick BucklerBoard Member
Sherry LattenBoard Member
Stephanie PainterBoard Member
Thomas McelroyBoard Member
Kyle BurkeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$12,520,528
Program Service Revenue
$0
Investment Income
$219
Other Revenue
$1,474,854
All Other Contributions
$25,000
Change in Net Assets
$10,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,995,601
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,995,601
Total Revenue per Form 990
$13,995,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,428,888
Other Expenses$4,555,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,371,976$1,330,436-$6,702,412
Pension Plan Contributions$1,051,313$279,464-$1,330,777
Depreciation Depletion$1,149,528$130,525-$1,280,053
Interest-$766,560-$766,560
Other Employee Benefits$590,751$157,035-$747,786
Payroll Taxes$408,130$108,491-$516,621
All Other Expenses$125,694$374,275-$499,969
Occupancy$7,537$306,440-$313,977
Other Expenses$244,696$0-$244,696
Information Technology$73,216$86,424-$159,640
Current Officers, Directors, Trustees, and Key Employees-$131,292-$131,292
Insurance-$70,094-$70,094
Travel-$21,632-$21,632
Total Functional Expenses$9,819,398$4,165,393$0$13,984,791

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,984,791
Total Expenses per Audited Statements$13,984,791
Total Expenses per Form 990$13,984,791
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 Pension Liability$4,907,092
Derivative Liability$639,983
Deferred Inflows of Resources$394,169

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANc Capital Facilities Finance Agency2008-05-16$19,500,000Middle school and high school construction
BNc Capital Facilities Finance Agency2008-05-16$500,000Middle school and high school construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$195,000,000---
B$500,000---

Bond Financing Compliance

No rebate due
No
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
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
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 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.”

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
Shannin Stein
Title
Board Chairman
Phone
7049488600
Signed
2018-05-15
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
197
Volunteers
270

Preparer

Firm
Potter and Company Pa
Address
434 COPPERFIELD BLVD NE SUITE A, CONCORD, NC 28025
Preparer
Samuel M Leder CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

Part XI, Line 2C

“No change in neither 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, 2017 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, 2017.”

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IRS990/OccupancyGrp/ManagementAndGeneralAmt0306440
IRS990/OccupancyGrp/ProgramServicesAmt07537
IRS990/OccupancyGrp/TotalAmt0313977
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040120
IRS990/OtherAssetsTotalGrp/EOYAmt038991
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0157035
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0590751
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0747786
IRS990/OtherExpensesGrp/Desc0CONTRACTED SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2BOOKS AND SUPPLIES
IRS990/OtherExpensesGrp/Desc3CLUBS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1297999
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2104726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0619557
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt2177000
IRS990/OtherExpensesGrp/ProgramServicesAmt3244696
IRS990/OtherExpensesGrp/TotalAmt0619557
IRS990/OtherExpensesGrp/TotalAmt1297999
IRS990/OtherExpensesGrp/TotalAmt2281726
IRS990/OtherExpensesGrp/TotalAmt3244696
IRS990/OtherLiabilitiesGrp/BOYAmt03702473
IRS990/OtherLiabilitiesGrp/EOYAmt05941244
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01474854
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01474854
IRS990/OtherRevenueTotalAmt01474854
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01330436
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05371976
IRS990/OtherSalariesAndWagesGrp/TotalAmt06702412
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0108491
IRS990/PayrollTaxesGrp/ProgramServicesAmt0408130
IRS990/PayrollTaxesGrp/TotalAmt0516621
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06204390
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt08779423
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0279464
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01051313
IRS990/PensionPlanContributionsGrp/TotalAmt01330777
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01810693
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03807091
IRS990/PrincipalOfficerNm0SHANNON STEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt012179435
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0129
IRS990/PYOtherExpensesAmt04392143
IRS990/PYOtherRevenueAmt01267073
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0881077
IRS990/PYSalariesCompEmpBnftPaidAmt08173417
IRS990/PYTotalExpensesAmt012565560
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013446637
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt010810
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04676470
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02112247
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07691835
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05356774
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt019485208
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07204818
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt026690026
IRS990ScheduleD/EquipmentGrp/BookValueAmt01132112
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03886240
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05018352
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013984791
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04602965
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04602965
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03235899
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0423315
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03659214
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0639983
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14907092
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2394169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DERIVATIVE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013995601
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADOPTED ASC 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2017 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, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028456184
IRS990ScheduleD/TotalExpensesPerForm990Amt013984791
IRS990ScheduleD/TotalLiabilityAmt05941244
IRS990ScheduleD/TotalRevenuePerForm990Amt013995601
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013995601
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013984791
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/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE 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 6
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02008-05-16
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12008-05-16
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum000000D479
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum100000D480
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt019500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt1500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NC CAPITAL FACILITIES FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1NC CAPITAL FACILITIES FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0MIDDLE SCHOOL AND HIGH SCHOOL CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1MIDDLE SCHOOL AND HIGH SCHOOL CONSTRUCTION
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd10
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,323,722
Liabilities
$27,432,052
Net assets
$10,891,670
Revenue
$13,995,601
Expenses
$13,984,791
Net income
$10,810
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
2017Detailed filing. Detailed filing data is available for this year.$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