Civic Intelligence

Voyager Academy Inc

EIN 83-0449310 • 501(c)3 • Durham, NC

Profile

Operation of a public charter school.

101 Hock ParcDurham, NC 27704

voyageracademy.net

Siviq Scores

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

Liabilities / Assets

97th percentile

1.33x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

1.24x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

9.6%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$20,251,956

Up $3,402,537 (+20%) from 2023

Liabilities

Up

$24,257,913

Up $1,864,775 (+8.3%) from 2023

Net Assets

Up

-$4,005,957

Up $1,537,762 (+28%) from 2023

Revenue

Up

$18,446,393

Up $416,940 (+2.3%) from 2023

Expenses

Up

$16,908,631

Up $2,064,846 (+14%) from 2023

Net Income

Down

$1,537,762

Down $1,647,906 (-52%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10M-$20MAssets 2010: $962,098Liabilities 2010: $610,768Net Assets 2010: $351,3302010Assets 2011: $1,250,576Liabilities 2011: $611,776Net Assets 2011: $638,8002011Assets 2012: $1,389,438Liabilities 2012: $617,331Net Assets 2012: $772,1072012Assets 2013: $1,819,054Liabilities 2013: $618,504Net Assets 2013: $1,200,5502013Assets 2014: $2,060,446Liabilities 2014: $622,826Net Assets 2014: $1,437,6202014Assets 2015: $2,700,530Liabilities 2015: $548,812Net Assets 2015: $2,151,7182015Assets 2016: $3,091,057Liabilities 2016: $25,024Net Assets 2016: $3,066,0332016Assets 2017: $6,179,740Liabilities 2017: $4,289,985Net Assets 2017: $1,889,7552017Assets 2018: $8,369,761Liabilities 2018: $23,755,127Net Assets 2018: -$15,385,3662018Assets 2019: $9,574,809Liabilities 2019: $23,486,091Net Assets 2019: -$13,911,2822019Assets 2020: $10,693,119Liabilities 2020: $24,071,627Net Assets 2020: -$13,378,5082020Assets 2021: $11,700,517Liabilities 2021: $23,439,202Net Assets 2021: -$11,738,6852021Assets 2022: $13,235,885Liabilities 2022: $21,965,272Net Assets 2022: -$8,729,3872022Assets 2023: $16,849,419Liabilities 2023: $22,393,138Net Assets 2023: -$5,543,7192023Assets 2024: $20,251,956Liabilities 2024: $24,257,913Net Assets 2024: -$4,005,9572024

Highlighted filing

2024

Assets$20,251,956
Liabilities$24,257,913
Net Assets-$4,005,957

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,792,9702010Revenue 2011: $5,056,323Expenses 2011: $4,760,533Net Income 2011: $295,7902011Expenses 2012: $6,921,6152012Revenue 2013: $10,390,983Expenses 2013: $9,964,958Net Income 2013: $426,0252013Revenue 2014: $11,344,175Expenses 2014: $11,112,081Net Income 2014: $232,0942014Revenue 2015: $12,448,877Expenses 2015: $11,734,132Net Income 2015: $714,7452015Revenue 2016: $12,794,858Expenses 2016: $11,876,761Net Income 2016: $918,0972016Revenue 2017: $12,909,439Expenses 2017: $12,624,415Net Income 2017: $285,0242017Revenue 2018: $13,207,637Expenses 2018: $13,226,343Net Income 2018: -$18,7062018Revenue 2019: $14,350,755Expenses 2019: $12,876,671Net Income 2019: $1,474,0842019Revenue 2020: $14,217,640Expenses 2020: $13,684,866Net Income 2020: $532,7742020Revenue 2021: $14,830,898Expenses 2021: $13,191,075Net Income 2021: $1,639,8232021Revenue 2022: $16,457,034Expenses 2022: $13,447,736Net Income 2022: $3,009,2982022Revenue 2023: $18,029,453Expenses 2023: $14,843,785Net Income 2023: $3,185,6682023Revenue 2024: $18,446,393Expenses 2024: $16,908,631Net Income 2024: $1,537,7622024

Highlighted filing

2024

Revenue$18,446,393
Expenses$16,908,631
Net Income$1,537,762

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.3$24.3$4.01$18.4$16.9$1.54
2023Detailed filing. Detailed filing data is available for this year.$16.8$22.4$5.54$18.0$14.8$3.19
2022Detailed filing. Detailed filing data is available for this year.$13.2$22.0$8.73$16.5$13.4$3.01
2021Detailed filing. Detailed filing data is available for this year.$11.7$23.4$11.7$14.8$13.2$1.64
2020Detailed filing. Detailed filing data is available for this year.$10.7$24.1$13.4$14.2$13.7$0.53
2019Detailed filing. Detailed filing data is available for this year.$9.57$23.5$13.9$14.4$12.9$1.47
2018Detailed filing. Detailed filing data is available for this year.$8.37$23.8$15.4$13.2$13.2$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.18$4.29$1.89$12.9$12.6$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.09$0.03$3.07$12.8$11.9$0.92
2015Detailed filing. Detailed filing data is available for this year.$2.70$0.55$2.15$12.4$11.7$0.71
2014Detailed filing. Detailed filing data is available for this year.$2.06$0.62$1.44$11.3$11.1$0.23
2013Summary only. Only limited summary data is available for this year.$1.82$0.62$1.20$10.4$9.96$0.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.62$0.77$6.92
2011Summary only. Only limited summary data is available for this year.$1.25$0.61$0.64$5.06$4.76$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.61$0.35$3.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 27, 2025
Return Version
2023v6.0
Gross Receipts
$18,446,393
Mission and Program Overview

Mission

Charter school operating for educational purposes mission statement - grades 3-8 the mission of voyager academy is to provide students in grades three through eight an academically challenging environment in which motivated learners, working in a small, nurturing setting, may realize their potential through experiential and traditional educational opportunities. The schools belief is that students, working with dedicated faculty and family, will excel in their academic goals and real world pursuits. Mission statement - voyager high school the mission of voyager academy high school is to provide students in grades 9-12 with a wide range of rigorous course selections to meet their varied needs and give them the skills necessary for college and the real world. We will connect the students english, math, social studies, science, foreign language and fine arts courses through a focus in business and marketing by drawing on content specific knowledge to create and produce real-world products

Operation of a public charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,339,253$10,817,487▲ $478,234
Accounts Receivable$42,873$826,107▲ $783,234
Land, Buildings, and Equipment, Net$416,780$348,167▼ $68,613
Savings and Temporary Cash Investments$50,000$126,471▲ $76,471
Prepaid Expenses and Deferred Charges$10,094$11,007▲ $913
Total Assets$16,849,419$20,251,956▲ $3,402,537
Other Assets Total$5,990,419$8,122,717▲ $2,132,298
Liabilities
Other Liabilities$21,854,882$23,511,902▲ $1,657,020
Accounts Payable and Accrued Expenses$538,256$556,471▲ $18,215
Deferred Revenue-$189,540-
Total Liabilities$22,393,138$24,257,913▲ $1,864,775
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-5,543,719$-4,005,957▲ $1,537,762
Total Net Assets Fund Balance$-5,543,719$-4,005,957▲ $1,537,762
Total Liabilities and Net Assets / Fund Balance$16,849,419$20,251,956▲ $3,402,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$162,285$782,807$945,092
Leasehold Improvements$161,373$48,148$209,521
Other Land Buildings$24,509$109,175$133,684
Other Assets Org$8,122,717--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eleanor SchollmeyerExecutive DirectorFT$167,893$167,893
Charles NolanPrincipalFT$156,422$156,422
Tony ManningPrincipalFT$125,220$125,220

Board Members and Trustees

NameTitle
Tony FernandezChair
Will RobinsonVice Chair
Jane BullockMember
Lydia IwaraMember
Peter MeathMember
Shawn RyanMember
Yasmine El RamlyMember
Leah SelvySecretary
Evan SittonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Getty PsychologyTherapy & Wellness2500 CHELMSFORD COURT, Cary, NC 27518$115,841
Revenue and Support

Revenue Composition

Contributions and Grants
$17,288,977
Program Service Revenue
$523,651
Investment Income
$481,382
Other Revenue
$152,383
All Other Contributions
$88,296
Change in Net Assets
$1,537,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,889,296
Other Expenses$5,019,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,743,074$2,083,144-$8,826,218
Occupancy$1,788,290$552,458-$2,340,748
Pension Plan Contributions$1,225,502$378,595-$1,604,097
Fees for Services Other$686,213$211,992-$898,205
Other Employee Benefits$611,361$188,868-$800,229
Payroll Taxes$503,275$155,477-$658,752
Fees for Service Investment Mgmnt Fees$161,789$49,981-$211,770
Information Technology$161,217$49,805-$211,022
Insurance$96,937$29,947-$126,884
Depreciation Depletion$83,752$25,874-$109,626
All Other Expenses$68,551$21,177-$89,728
Conferences and Meetings$49,916$15,421-$65,337
Other Expenses$38,634$11,935-$50,569
Office Expenses$21,638$6,685-$28,323
Advertising$14,046$4,339-$18,385
Travel$6,879$2,125-$9,004
Fees for Services Accounting$6,154$1,901-$8,055
Fees for Services Legal$4,268$1,319-$5,587
Total Functional Expenses$12,917,895$3,990,736$0$16,908,631
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$11,868,408
Net Pension Liability$8,280,974
Deferred Inflows of Resources$3,362,520
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The board treasurer reviews the 990 and reports to the board of directors before filing.

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

Each board member is required to execute a conflict of interest statement and confidentiality agreement annually. Any potential conflict of interest is reviewed and resolved by the board of directors.

Form 990, Part VI, Section B, Line 15

Compensation for top officials and key employees is approved by the board of directors and is based on a review of area comparability data and the individual's experience and expertise.

Form 990, Part VI, Section C, Line 19

Governing documents, school policies, and financial statements are available for viewing by the public at the school's office upon request.

Filing and Contact Details

Filer

Filer Name
Voyager Academy Inc
EIN
83-0449310
Phone
9194333301
Address
101 HOCK PARC, DURHAM, NC 27704

Signing Officer

Name
Tony Fernandez
Title
Board Chair
Phone
9194333301
Signed
2025-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Fernandez
Formed
2006
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
232
Volunteers
500

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
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IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11PRINCIPAL
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IRS990/FormationYr02006
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt096937
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05990419
IRS990/OtherAssetsTotalGrp/EOYAmt08122717
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0611361
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IRS990/OtherExpensesGrp/TotalAmt1291392
IRS990/OtherExpensesGrp/TotalAmt2198882
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IRS990/OtherRevenueMiscGrp/Desc1SALES & USE TAX
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt139327
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0155477
IRS990/PayrollTaxesGrp/ProgramServicesAmt0503275
IRS990/PayrollTaxesGrp/TotalAmt0658752
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0378595
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01225502
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IRS990/PoliticalCampaignActyInd00
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124578
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0499073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124578
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt010247266
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01537762
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
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IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0676034
IRS990/SavingsAndTempCashInvstGrp/BOYAmt050000
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IRS990ScheduleA/SchoolInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0945092
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0161373
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt048148
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0209521
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt08122717
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt024509
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0109175
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0133684
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08280974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13362520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt211868408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NET OPEB LIABILITY
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt08122717
IRS990ScheduleD/TotalLiabilityAmt023511902
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/ExplanationTxt0VOYAGER ACADEMY, INC. 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 STUDENT SOLICITATIONS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1156422
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00

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