Civic Intelligence

Monroe Charter Academy

990 • Fiscal year 2020 • EIN 81-3838227

Jul 01, 2019 to Jun 30, 2020 • Filed on May 03, 2021

Organization ProfileMONROECHARTERACADEMY.ORG
2132 Greenbrook ParkwayWeddington, NC 28104

(704) 236-1234

Siviq Scores

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

Liabilities / Assets

99th percentile

4.50x

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

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

0.46x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Net Margin

11th percentile

-36%

Higher net margin than 11% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$33,546

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2020 filings • NTEE B • $500k-$1M nonprofits • Source year 2020

Asset Growth

100th percentile

7130100%

Faster asset growth than 100% of similar nonprofits.

2020 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

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

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$71,302

Up $71,301 (+7130100%) from 2019

Net Assets

-$249,689

No earlier filing loaded for comparison.

Liabilities

Up

$320,991

Up $320,991 from 2019

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin11th percentile

Revenue

Up

$696,325

Up $696,325 from 2019

Expenses

Up

$946,014

Up $946,014 from 2019

Net Income

Down

-$249,689

Down $249,689 from 2019

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$600K$400K$200K$0-$200K-$400KAssets 2017: $1Liabilities 2017: $02017Assets 2018: $1Liabilities 2018: $02018Assets 2019: $1Liabilities 2019: $02019Assets 2020: $71,302Liabilities 2020: $320,991Net Assets 2020: -$249,6892020Assets 2021: $93,579Liabilities 2021: $169,758Net Assets 2021: -$76,1792021Assets 2022: $430,213Liabilities 2022: $461,661Net Assets 2022: -$31,4482022Assets 2023: $371,457Liabilities 2023: $351,635Net Assets 2023: $19,8222023Assets 2024: $337,143Liabilities 2024: $231,118Net Assets 2024: $106,0252024

Highlighted filing

2020

Assets$71,302
Liabilities$320,991
Net Assets-$249,689
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $0Expenses 2017: $0Net Income 2017: $02017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $696,325Expenses 2020: $946,014Net Income 2020: -$249,6892020Revenue 2021: $1,236,937Expenses 2021: $1,063,427Net Income 2021: $173,5102021Revenue 2022: $1,510,535Expenses 2022: $1,438,909Net Income 2022: $71,6262022Revenue 2023: $1,794,033Expenses 2023: $1,790,897Net Income 2023: $3,1362023Revenue 2024: $2,204,143Expenses 2024: $2,117,940Net Income 2024: $86,2032024

Highlighted filing

2020

Revenue$696,325
Expenses$946,014
Net Income-$249,689
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 3, 2021
Return Version
2019v5.0
Gross Receipts
$696,325
Mission and Program Overview

Mission

To develop each child into an academically thriving citizen by parterning with parents and the community, utilitizing high expectations and a rigorous classical education delivered with purposeful and spirited devotion.

To develop each child into an academically thriving citizen by partnering with parents and the community, utilitizing high expectations and a rigorous classical education delivered with purposeful and spirited devotion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$57,570-
Prepaid Expenses and Deferred Charges-$12,375-
Accounts Receivable-$1,357-
Total Assets$0$71,302▲ $71,302
Liabilities
Unsecured Notes Loans Payable-$271,771-
Accounts Payable and Accrued Expenses-$49,220-
Total Liabilities$0$320,991▲ $320,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-249,689-
Total Net Assets Fund Balance$0$-249,689▼ $249,689
Total Liabilities and Net Assets / Fund Balance$0$71,302▲ $71,302
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Camela FordHeadmasterFT$33,546$33,546

Board Members and Trustees

NameTitle
Carmelina BrockmannBoard Chair
Jim StegallVice Chair
Kathleen PrevostDirector
Willie OwensDirector
Zuriel GarciaDirector
Matt HefnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$40,813
Program Service Revenue
$652,075
Investment Income
$0
Other Revenue
$3,437
All Other Contributions
$812
Change in Net Assets
$-249,689

Audited Revenue Reconciliation

Revenue per Audited Statements
$696,325
Total Revenue per Audited Statements
$696,325
Total Revenue per Form 990
$696,325
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$505,050
Salaries, Compensation, and Employee Benefits$440,964
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$271,186$34,094-$305,280
Fees for Services Other$39,293$66,536-$105,829
Occupancy$77,825$13,734-$91,559
Current Officers, Directors, Trustees, and Key Employees$35,053$40,087-$75,140
Payroll Taxes$23,771$5,758-$29,529
Other Employee Benefits$22,651$5,487-$28,138
All Other Expenses$10,124$9,055-$19,179
Information Technology$11,630$5,734-$17,364
Other Expenses$11,895$155,895-$11,895
Insurance-$11,620-$11,620
Office Expenses$416$10,704-$11,120
Advertising-$6,111-$6,111
Conferences and Meetings$5,343$426-$5,769
Interest-$4,333-$4,333
Pension Plan Contributions$2,043$834-$2,877
Travel-$123-$123
Total Functional Expenses$575,483$370,531$0$946,014

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$946,014
Total Expenses per Audited Statements$946,014
Total Expenses per Form 990$946,014
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,126
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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 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, Page 6, Part VI, Line 11B

“Head of school, consultant, and board review the 990 prior to fillilng.”

Form 990, Page 6, Part VI, Line 12C

“Board members sign a conflict of interst statement annually. Board members agrees to disclose financial interst in a potential vendor or contract negotiation. Any potential conflicts of intersest are reviewed and resolved by the board.”

Form 990, Page 6, Part VI, Line 15A

“Top management official's compensation is approved by the board of directors and is based on the state salary schedule.”

Form 990, Page 6, Part VI, Line 15B

“No officers are compensated. Key employee salaries are based on the state salary schedule.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, school policies, and financial statements are available to the public at the organization's office upon request.”

Filing and Contact Details

Filer

Filer Name
Monroe Charter Academy
EIN
81-3838227
Phone
7042361234
Address
2132 GREENBROOK PARKWAY, WEDDINGTON, NC 28104

Signing Officer

Name
Jim Stegall
Title
Vice Chair
Phone
7042361234
Signed
2021-05-03

Organization Details

Principal Officer
Carmelina Brockmann
Formed
2016
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
6

Preparer

Firm
Petway Mills & Pearson Pa
Address
PO BOX 1036, ZEBULON, NC 27597-1036
Preparer
James a Ridoutt
Phone
9192697405
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To develop each child into an academically thriving citizen by partnering with parents and the community, utilitizing high expectations and a rigorous classical education delivered with purposeful and spirited devotion.”

Form 990, Part IX, Line 11G

“Contracted exceptional 7,237 0 0 contracted psychological 685 0 0 contracted custodial 143 48 0 contracted repairs & maintena 514 172 0 contracted speech 3,706 0 0 contracted financial svs 0 57,313 0 miscellaneous contracts 21,627 7,209 0 contracted technology 5,381 1,794 0 total 39,293 66,536 0”

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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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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0MONROE CHARTER ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATION AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NORTH CAROLINA CHARTER SCHOOL IS FUNDED BY STATE & LOCAL GOVERNMENT. ALSO RECEIVES VARIOUS FEDERAL AND STATE GRANTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO DEVELOP EACH CHILD INTO AN ACADEMICALLY THRIVING CITIZEN BY PARTNERING WITH PARENTS AND THE COMMUNITY, UTILITIZING HIGH EXPECTATIONS AND A RIGOROUS CLASSICAL EDUCATION DELIVERED WITH PURPOSEFUL AND SPIRITED DEVOTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HEAD OF SCHOOL, CONSULTANT, AND BOARD REVIEW THE 990 PRIOR TO FILLILNG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN A CONFLICT OF INTERST STATEMENT ANNUALLY. BOARD MEMBERS AGREES TO DISCLOSE FINANCIAL INTERST IN A POTENTIAL VENDOR OR CONTRACT NEGOTIATION. ANY POTENTIAL CONFLICTS OF INTERSEST ARE REVIEWED AND RESOLVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TOP MANAGEMENT OFFICIAL'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON THE STATE SALARY SCHEDULE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO OFFICERS ARE COMPENSATED. KEY EMPLOYEE SALARIES ARE BASED ON THE STATE SALARY SCHEDULE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED EXCEPTIONAL 7,237 0 0 CONTRACTED PSYCHOLOGICAL 685 0 0 CONTRACTED CUSTODIAL 143 48 0 CONTRACTED REPAIRS & MAINTENA 514 172 0 CONTRACTED SPEECH 3,706 0 0 CONTRACTED FINANCIAL SVS 0 57,313 0 MISCELLANEOUS CONTRACTS 21,627 7,209 0 CONTRACTED TECHNOLOGY 5,381 1,794 0 TOTAL 39,293 66,536 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsEOYAmt071302
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt071302
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt040813
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0370531
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0575483
IRS990/TotalFunctionalExpensesGrp/TotalAmt0946014
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0320991
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0320991
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-249689
IRS990/TotalProgramServiceExpensesAmt0575483
IRS990/TotalProgramServiceRevenueAmt0652075
IRS990/TotalReportableCompFromOrgAmt033546
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0652386
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0696325
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071302
IRS990/TravelGrp/ManagementAndGeneralAmt0123
IRS990/TravelGrp/TotalAmt0123
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0271771
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02132 GREENBROOK PKWY
IRS990/USAddress/CityNm0WEDDINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028104
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0MONROECHARTERACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM STEGALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum07042361234
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONROE CHARTER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MONR
ReturnHeader/Filer/EIN0813838227
ReturnHeader/Filer/PhoneNum07042361234
ReturnHeader/Filer/USAddress/AddressLine1Txt02132 GREENBROOK PARKWAY
ReturnHeader/Filer/USAddress/CityNm0WEDDINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028104
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0202102404
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETWAY MILLS & PEARSON PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1036
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ZEBULON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0275971036
ReturnHeader/PreparerPersonGrp/PhoneNum09192697405
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES A RIDOUTT
ReturnHeader/ReturnTs02021-05-08T12:20:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,302
Liabilities
$320,991
Net assets
-$249,689
Revenue
$696,325
Expenses
$946,014
Net income
-$249,689
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.23$0.11$2.20$2.12$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.37$0.35$0.02$1.79$1.79$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.46$0.03$1.51$1.44$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.09$0.17$0.08$1.24$1.06$0.17
2020Detailed filing. Detailed filing data is available for this year.$0.07$0.32$0.25$0.70$0.95$0.25
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00