Civic Intelligence

Lake Norman Charter School Inc.

990 • Fiscal year 2021 • EIN 58-2360164

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

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

99th percentile

1.15x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • NTEE B • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

86th percentile

2.95x

Higher debt load relative to revenue than 86% of similar nonprofits.

2021 filings • NTEE B • $50M-$100M nonprofits • Source year 2021

Net Margin

36th percentile

6.6%

Higher net margin than 36% of similar nonprofits.

2021 filings • NTEE B • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$220,439

Higher top officer pay than 32% of similar nonprofits.

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

2021 filings • NTEE B • $50M-$100M nonprofits • Source year 2021

Asset Growth

13th percentile

-0.8%

Faster asset growth than 13% of similar nonprofits.

2021 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

58th percentile

13%

Faster revenue growth than 58% of similar nonprofits.

2021 filings • NTEE B • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$64,551,351

Down $493,410 (-0.8%) from 2020

Net Assets

Up

-$9,481,720

Up $1,654,794 (+15%) from 2020

Liabilities

Down

$74,033,071

Down $2,148,204 (-2.8%) from 2020

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin36th percentile

Revenue

Up

$25,126,213

Up $2,834,828 (+13%) from 2020

Expenses

Up

$23,471,422

Up $72,002 (+0.3%) from 2020

Net Income

Up

$1,654,791

Up $2,762,826 (+249%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2021

Assets$64,551,351
Liabilities$74,033,071
Net Assets-$9,481,720
Open 2021 Filing

Operations Trend

Revenue Growth58th 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

2021

Revenue$25,126,213
Expenses$23,471,422
Net Income$1,654,791
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.2
Gross Receipts
$25,126,213
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$43,167,421$42,778,054▼ $389,367
Savings and Temporary Cash Investments$9,824,056$9,392,378▼ $431,678
Prepaid Expenses and Deferred Charges$8,209,361$7,666,576▼ $542,785
Pd in Cap Srpls Land Bldg Eqp Fund$6,854,971$6,703,249▼ $151,722
Investments Other Securities-$1,997,646-
Accounts Receivable$708,908$110,461▼ $598,447
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-17,991,485$-16,184,969▲ $1,806,516
Total Assets$65,044,761$64,551,351▼ $493,410
Other Assets Total$3,135,015$2,606,236▼ $528,779
Liabilities
Tax Exempt Bond Liabilities$40,439,033$38,627,067▼ $1,811,966
Other Liabilities$34,364,174$34,418,860▲ $54,686
Accounts Payable and Accrued Expenses$1,273,559$980,470▼ $293,089
Deferred Revenue$104,509$6,674▼ $97,835
Total Liabilities$76,181,275$74,033,071▼ $2,148,204
Net Assets / Fund Balance
Total Net Assets Fund Balance$-11,136,514$-9,481,720▲ $1,654,794
Total Liabilities and Net Assets / Fund Balance$65,044,761$64,551,351▼ $493,410

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,200,217$12,663,871-
Other Land Buildings$201,477$508,531-
Land$4,602,965--
Equipment$773,395$4,060,096-
Compensation and Service Providers
Top Officer Pay32nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon SteinManaging DirectorFT$182,312$38,127$220,439

Board Members and Trustees

NameTitle
Rick BucklerBoard Chairperson
Leslie FogartyVice Chairperson
Amy CarrBoard Member
Elizabeth TimkovichBoard Member
Greg KilpatrickBoard Member
Jennifer JohnsonBoard Member
Ridgely ChapmanBoard Member
Stephanie PainterSecretary
Jared TilleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ratzlaff Construction Company LLCConstruction920 BLAIRHILL ROAD SUITE B119, Charlotte, NC 28217$258,992
Revenue and Support

Revenue Composition

Contributions and Grants
$21,167,754
Program Service Revenue
$293,033
Investment Income
$53,714
Other Revenue
$3,611,712
All Other Contributions
$968,168
Change in Net Assets
$1,654,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,126,213
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$25,126,213
Total Revenue per Form 990
$25,126,213
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,471,422
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
Other Expenses$4,629,979--$4,629,979
Interest-$1,822,650-$1,822,650
Total Functional Expenses$21,648,772$1,822,650$0$23,471,422

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,471,422
Total Expenses per Audited Statements$23,471,422
Total Expenses per Form 990$23,471,422
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$17,346,305
Net Pension Liability$8,427,192
Opeb Deffered Inflows of Resources$7,738,545
Prepaid Rent$400,000
Compensated Absences$337,440
Pension Deferred Inflows of Resources$169,378

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
Yes
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
2022-05-09
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
301
Volunteers
275

Preparer

Firm
Potter and Company Pa
Address
434 COPPERFIELD BLVD NE SUITE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING 3.”

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, 2021 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, 2021.”

Raw XML AppendixShowing 400 of 521 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.

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IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03135015
IRS990/OtherAssetsTotalGrp/EOYAmt02606236
IRS990/OtherChangesInNetAssetsAmt03
IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL SERVICES
IRS990/OtherExpensesGrp/Desc1SYSTEM-WIDE SUPPORT SER
IRS990/OtherExpensesGrp/ProgramServicesAmt017018793
IRS990/OtherExpensesGrp/ProgramServicesAmt14629979
IRS990/OtherExpensesGrp/TotalAmt017018793
IRS990/OtherExpensesGrp/TotalAmt14629979
IRS990/OtherLiabilitiesGrp/BOYAmt034364174
IRS990/OtherLiabilitiesGrp/EOYAmt034418860
IRS990/OtherRevenueMiscGrp/BusinessCd0611600
IRS990/OtherRevenueMiscGrp/BusinessCd1611110
IRS990/OtherRevenueMiscGrp/Desc0PPP LOAN FORGIVENESS
IRS990/OtherRevenueMiscGrp/Desc1SALES TAX REIMBURSEMENT
IRS990/OtherRevenueMiscGrp/ExclusionAmt052051
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01057634
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01057634
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt152051
IRS990/OtherRevenueTotalAmt01109685
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06854971
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06703249
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08209361
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07666576
IRS990/PrincipalOfficerNm0SHANNON STEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1STUDENT CLUBS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222015
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt171018
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt171018
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt019395053
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-78296
IRS990/PYOtherExpensesAmt08520388
IRS990/PYOtherRevenueAmt02168927
IRS990/PYProgramServiceRevenueAmt0805701
IRS990/PYRevenuesLessExpensesAmt0-1108035
IRS990/PYSalariesCompEmpBnftPaidAmt014879032
IRS990/PYTotalExpensesAmt023399420
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt022291385
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01654791
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02502027
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03852694
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-17991485
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-16184969
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09824056
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09392378
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/BookValueAmt037200217
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012663871
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt049864088
IRS990ScheduleD/EquipmentGrp/BookValueAmt0773395
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04060096
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt04833491
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt023471422
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04602965
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04602965
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0201477
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0508531
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0710008
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08427192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1169378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2337440
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt317346305
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt47738545
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5400000
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/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt025126213
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ADOPTED ASC 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2021 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, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042778054
IRS990ScheduleD/TotalExpensesPerForm990Amt023471422
IRS990ScheduleD/TotalLiabilityAmt034418860
IRS990ScheduleD/TotalRevenuePerForm990Amt025126213
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025126213
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023471422
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/BaseCompensationFilingOrgAmt0182312
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt026946
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011181
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SHANNON STEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGING DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0220439
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-01-09
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt037730000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0PUBLIC FINANCE AUTHORITY OF WISCONSIN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0RETIRE 2008 BONDS,CONSTRUCTION LOANS,& CONSTRUCT NEW ELEMENTARY SCHOOL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,551,351
Liabilities
$74,033,071
Net assets
-$9,481,720
Revenue
$25,126,213
Expenses
$23,471,422
Net income
$1,654,791
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
2021Detailed filing. Detailed filing data is available for this year.$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