Civic Intelligence

Woods Charter School Company

990 • Fiscal year 2016 • EIN 86-1100613

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 27, 2016

Organization ProfileWWW.WOODSCHARTER.ORG
160 Woodland Grove LaneChapel Hill, NC 27516

(919) 960-8353

Siviq Scores

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

Liabilities / Assets

87th percentile

0.86x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

88th percentile

1.80x

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

57th percentile

3.9%

Higher net margin than 57% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

24th percentile

$75,530

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.0%

Faster asset growth than 41% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

55th percentile

5.0%

Faster revenue growth than 55% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$10,922,876

Down $2,912 (-0.0%) from 2015

Net Assets

Up

$1,510,883

Up $201,274 (+15%) from 2015

Liabilities

Down

$9,411,993

Down $204,186 (-2.1%) from 2015

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin57th percentile

Revenue

Up

$5,233,813

Up $249,390 (+5.0%) from 2015

Expenses

Up

$5,030,049

Up $29,795 (+0.6%) from 2015

Net Income

Up

$203,764

Up $219,595 (+1387%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$15M$10M$5.0M$0Assets 2010: $11,771,897Liabilities 2010: $10,110,600Net Assets 2010: $1,661,2972010Assets 2011: $11,719,126Liabilities 2011: $10,019,038Net Assets 2011: $1,700,0882011Assets 2012: $11,647,659Liabilities 2012: $9,985,969Net Assets 2012: $1,661,6902012Assets 2013: $11,058,344Liabilities 2013: $9,785,608Net Assets 2013: $1,272,7362013Assets 2014: $11,019,476Liabilities 2014: $9,691,286Net Assets 2014: $1,328,1902014Assets 2015: $10,925,788Liabilities 2015: $9,616,179Net Assets 2015: $1,309,6092015Assets 2016: $10,922,876Liabilities 2016: $9,411,993Net Assets 2016: $1,510,8832016Assets 2017: $10,910,751Liabilities 2017: $9,225,146Net Assets 2017: $1,685,6052017Assets 2018: $9,887,741Liabilities 2018: $7,770,528Net Assets 2018: $2,117,2132018Assets 2019: $10,062,716Liabilities 2019: $7,482,970Net Assets 2019: $2,579,7462019Assets 2020: $10,471,549Liabilities 2020: $7,505,720Net Assets 2020: $2,965,8292020Assets 2021: $10,508,227Liabilities 2021: $6,934,536Net Assets 2021: $3,573,6912021Assets 2022: $10,749,731Liabilities 2022: $6,664,878Net Assets 2022: $4,084,8532022Assets 2023: $10,805,770Liabilities 2023: $6,258,328Net Assets 2023: $4,547,4422023

Highlighted filing

2016

Assets$10,922,876
Liabilities$9,411,993
Net Assets$1,510,883
Open 2016 Filing

Operations Trend

Revenue Growth55th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,314,4742010Revenue 2011: $4,787,901Expenses 2011: $4,750,063Net Income 2011: $37,8382011Expenses 2012: $4,796,0492012Expenses 2013: $4,827,9672013Revenue 2014: $4,911,400Expenses 2014: $4,851,638Net Income 2014: $59,7622014Revenue 2015: $4,984,423Expenses 2015: $5,000,254Net Income 2015: -$15,8312015Revenue 2016: $5,233,813Expenses 2016: $5,030,049Net Income 2016: $203,7642016Revenue 2017: $5,364,258Expenses 2017: $5,179,241Net Income 2017: $185,0172017Revenue 2018: $5,451,685Expenses 2018: $5,019,002Net Income 2018: $432,6832018Revenue 2019: $5,733,083Expenses 2019: $5,270,550Net Income 2019: $462,5332019Revenue 2020: $5,929,924Expenses 2020: $5,543,841Net Income 2020: $386,0832020Revenue 2021: $6,054,715Expenses 2021: $5,446,853Net Income 2021: $607,8622021Revenue 2022: $6,637,500Expenses 2022: $6,126,338Net Income 2022: $511,1622022Revenue 2023: $6,914,708Expenses 2023: $6,438,085Net Income 2023: $476,6232023

Highlighted filing

2016

Revenue$5,233,813
Expenses$5,030,049
Net Income$203,764
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 27, 2016
Return Version
2015v2.1
Gross Receipts
$5,233,813
Mission and Program Overview

Mission

Operation of a north carolina public charter school

K-12 public charter school focusing on college preparatory curriculum, arts, athletics and community service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,808,911$7,656,837▼ $152,074
Cash and Non-Interest-Bearing Accounts$1,333,507$1,482,137▲ $148,630
Investments Other Securities$817,595$762,203▼ $55,392
Savings and Temporary Cash Investments$493,794$496,485▲ $2,691
Accounts Receivable$36,320$52,624▲ $16,304
Prepaid Expenses and Deferred Charges$8,059$8,150▲ $91
Total Assets$10,925,788$10,922,876▼ $2,912
Other Assets Total$427,602$464,440▲ $36,838
Liabilities
Tax Exempt Bond Liabilities$9,215,000$9,055,000▼ $160,000
Accounts Payable and Accrued Expenses$386,850$292,501▼ $94,349
Deferred Revenue$14,329$64,492▲ $50,163
Total Liabilities$9,616,179$9,411,993▼ $204,186
Net Assets / Fund Balance
Permanently Rstr Net Assets$978,346$965,578▼ $12,768
Unrestricted Net Assets$331,263$545,305▲ $214,042
Total Net Assets Fund Balance$1,309,609$1,510,883▲ $201,274
Total Liabilities and Net Assets / Fund Balance$10,925,788$10,922,876▼ $2,912

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,748,084$1,696,410$8,444,494
Equipment$141,211$543,784$684,995
Land$645,000-$645,000
Other Land Buildings$122,542$89,561$212,103
Other Securities$762,203--
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cotton BryanSchool PrincipalFT$71,530$4,000$75,530

Board Members and Trustees

NameTitle
Deedee NachmanChair
Ben CarterVice-chair
MISSY O'CONNORBoard Member
Ruthie D Lyle-cannonBoard Member
Katy McreynoldsSecretary
Janna DeeganTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelson Mullins Riley & Scarborough LlLegal ServicesPOST OFFICE DRAWER 11009, Columbia, SC 29211$167,925
Revenue and Support

Revenue Composition

Contributions and Grants
$4,783,110
Program Service Revenue
$374,022
Investment Income
$14,957
Other Revenue
$61,724
All Other Contributions
$83,735
Change in Net Assets
$203,764

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,233,813
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,490
Total Revenue per Audited Statements
$5,231,323
Total Revenue per Form 990
$5,233,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,832,485
Other Expenses$2,197,564
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,449,742$53,501-$2,503,243
Interest$471,822$157,274-$629,096
Other Expenses$818,070$327,201-$327,201
Depreciation Depletion$244,395$61,099-$305,494
Payroll Taxes$183,159$3,811-$186,970
Fees for Services Legal-$103,528-$103,528
Current Officers, Directors, Trustees, and Key Employees$74,913--$74,913
Pension Plan Contributions$66,567$792-$67,359
Fees for Services Accounting-$14,175-$14,175
Total Functional Expenses$4,308,668$721,381$0$5,030,049

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,030,049
Total Expenses per Audited Statements$5,030,049
Total Expenses per Form 990$5,030,049
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
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AVirginia Small Business Financing Authority2007-08-17$9,870,000BLDG NEW SCHOOL

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

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
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
No
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 11

“Business communication liason coordinates data gathering and review with principal, board chair, director of human resources, and acadia northstar, llc.”

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

“A member of the board may have a conflict of interest if his or her vote on a matter before the board in the best interest of the school is adverse to the personal, family or business interests of the board member. If any member of the board faces a conflict of interest in a matter pending before the board, such member shall make full and prompt disclosure to the board of the nature of the conflict. Upon full disclosure, the board may approve the transaction only by vote of a majority of board members having no conflict of interest. However, no such transaction may be approved if it would constitute self-dealing prohibited under section 4941 of the internal revenue code of 1986, or the corresponding provisions of any later federal tax laws, or if it would result in the imposition of any excise tax under any other provision of chaper 49a of the internal revenue code of 1986, or the corresponding provisions of any later federal tax laws.”

Form 990, Part VI, Section B, Line 15A

“The personnel committee reviews and approves the compensation of the principal. The compensation is determined by comparability to other non-profit organizations.”

Form 990, Part VI, Section C, Line 19

“All documents are filed with administration and available upon request.”

Filing and Contact Details

Filer

Filer Name
Woods Charter School
EIN
86-1100613
Phone
9199608353
Address
160 WOODLAND GROVE LANE, CHAPEL HILL, NC 27516

Signing Officer

Name
Cotton Bryan
Title
Principal
Phone
9199608353
Signed
2016-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cotton Bryan
Formed
1998
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
122
Volunteers
200

Preparer

Firm
Thomas Judy & Tucker P a
Address
4700 FALLS OF NEUSE ROAD SUITE 400, RALEIGH, NC 27609
Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

Form 990, Part XII Ln 2C

“There have been no changes from the prior year.”

Raw XML AppendixShowing 400 of 515 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/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/Desc1SALES & FUEL TAX
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012023
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt110542
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt110542
IRS990/OtherRevenueTotalAmt022565
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt053501
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02449742
IRS990/OtherSalariesAndWagesGrp/TotalAmt02503243
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03811
IRS990/PayrollTaxesGrp/ProgramServicesAmt0183159
IRS990/PayrollTaxesGrp/TotalAmt0186970
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0792
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt066567
IRS990/PensionPlanContributionsGrp/TotalAmt067359
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0978346
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0965578
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08059
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08150
IRS990/PrincipalOfficerNm0COTTON BRYAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/BusinessCd1611110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611110
IRS990/ProgramServiceRevenueGrp/BusinessCd3611110
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1FIELD TRIP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2AFTER-SCHOOL ACTIVITIE
IRS990/ProgramServiceRevenueGrp/Desc3FOOD SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0245411
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1111470
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29323
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt37818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0245411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1111470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt37818
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04603925
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013638
IRS990/PYOtherExpensesAmt02181899
IRS990/PYOtherRevenueAmt055202
IRS990/PYProgramServiceRevenueAmt0311658
IRS990/PYRevenuesLessExpensesAmt0-15831
IRS990/PYSalariesCompEmpBnftPaidAmt02818355
IRS990/PYTotalExpensesAmt05000254
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04984423
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0203764
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0208984
IRS990/RentalIncomeOrLossGrp/RealAmt039159
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0396587
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0493794
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0496485
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/BookValueAmt06748084
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01696410
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08444494
IRS990ScheduleD/EquipmentGrp/BookValueAmt0141211
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0543784
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0684995
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05030049
IRS990ScheduleD/LandGrp/BookValueAmt0645000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0645000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2490
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0122542
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt089561
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0212103
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0762203
IRS990ScheduleD/OtherSecuritiesGrp/Desc0US GOVERNMENT BONDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-2490
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05233813
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07656837
IRS990ScheduleD/TotalBookValueSecuritiesAmt0762203
IRS990ScheduleD/TotalExpensesPerForm990Amt05030049
IRS990ScheduleD/TotalRevenuePerForm990Amt05233813
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05231323
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05030049
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd00
IRS990ScheduleE/MaintainRacialCompRecsInd00
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd00
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd00
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WOODS CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1WOODS CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS ORGANIZED AS A CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUTE 115C-238.29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS ITS PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt3WOODS CHARTER SCHOOL IS A PUBLIC CHARTER SCHOOL AND IS NOT REQUIRED TO FILE FORM 5578. THEREFORE, SCHEDULE E IS NOT APPLICABLE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE E, PART I, LINE 7
IRS990/ScheduleJRequiredInd00
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/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-08-17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0541300845
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0928104KHO
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt09870000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0VIRGINIA SMALL BUSINESS FINANCING AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0BLDG NEW SCHOOL
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02037
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS COMMUNICATION LIASON COORDINATES DATA GATHERING AND REVIEW WITH PRINCIPAL, BOARD CHAIR, DIRECTOR OF HUMAN RESOURCES, AND ACADIA NORTHSTAR, LLC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A MEMBER OF THE BOARD MAY HAVE A CONFLICT OF INTEREST IF HIS OR HER VOTE ON A MATTER BEFORE THE BOARD IN THE BEST INTEREST OF THE SCHOOL IS ADVERSE TO THE PERSONAL, FAMILY OR BUSINESS INTERESTS OF THE BOARD MEMBER. IF ANY MEMBER OF THE BOARD FACES A CONFLICT OF INTEREST IN A MATTER PENDING BEFORE THE BOARD, SUCH MEMBER SHALL MAKE FULL AND PROMPT DISCLOSURE TO THE BOARD OF THE NATURE OF THE CONFLICT. UPON FULL DISCLOSURE, THE BOARD MAY APPROVE THE TRANSACTION ONLY BY VOTE OF A MAJORITY OF BOARD MEMBERS HAVING NO CONFLICT OF INTEREST. HOWEVER, NO SUCH TRANSACTION MAY BE APPROVED IF IT WOULD CONSTITUTE SELF-DEALING PROHIBITED UNDER SECTION 4941 OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING PROVISIONS OF ANY LATER FEDERAL TAX LAWS, OR IF IT WOULD RESULT IN THE IMPOSITION OF ANY EXCISE TAX UNDER ANY OTHER PROVISION OF CHAPER 49A OF THE INTERNAL REVENUE CODE OF 1986, OR THE CORRESPONDING PROVISIONS OF ANY LATER FEDERAL TAX LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE PRINCIPAL. THE COMPENSATION IS DETERMINED BY COMPARABILITY TO OTHER NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE FILED WITH ADMINISTRATION AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII LN 2C
IRS990ScheduleR/AssetExchangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,922,876
Liabilities
$9,411,993
Net assets
$1,510,883
Revenue
$5,233,813
Expenses
$5,030,049
Net income
$203,764
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.8$6.26$4.55$6.91$6.44$0.48
2022Summary only. Only limited summary data is available for this year.$10.7$6.66$4.08$6.64$6.13$0.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$6.93$3.57$6.05$5.45$0.61
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$7.51$2.97$5.93$5.54$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.1$7.48$2.58$5.73$5.27$0.46
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$7.77$2.12$5.45$5.02$0.43
2017Summary only. Only limited summary data is available for this year.$10.9$9.23$1.69$5.36$5.18$0.19
2016Detailed filing. Detailed filing data is available for this year.$10.9$9.41$1.51$5.23$5.03$0.20
2015Summary only. Only limited summary data is available for this year.$10.9$9.62$1.31$4.98$5.00$0.02
2014Detailed filing. Detailed filing data is available for this year.$11.0$9.69$1.33$4.91$4.85$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$9.79$1.27$4.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$9.99$1.66$4.80
2011Summary only. Only limited summary data is available for this year.$11.7$10.0$1.70$4.79$4.75$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$10.1$1.66$4.31