Civic Intelligence

Woods Charter School Company

990 • Fiscal year 2023 • EIN 86-1100613

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 29, 2024

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

44th percentile

0.58x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

54th percentile

0.91x

Higher debt load relative to revenue than 54% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Net Margin

69th percentile

6.9%

Higher net margin than 69% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$92,239

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Source year 2023

Asset Growth

26th percentile

0.5%

Faster asset growth than 26% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

42nd percentile

4.2%

Faster revenue growth than 42% of similar nonprofits.

2023 filings • NTEE B29 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets44th percentile

Assets

Flat

$10,805,770

Flat from 2023

Net Assets

Flat

$4,547,442

Flat from 2023

Liabilities

Flat

$6,258,328

Flat from 2023

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin69th percentile

Revenue

Flat

$6,914,708

Flat from 2023

Expenses

Flat

$6,438,085

Flat from 2023

Net Income

Flat

$476,623

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth26th 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: $4,547,4422023Assets 2023: $10,805,770Liabilities 2023: $6,258,328Net Assets 2023: $4,547,4422023

Highlighted filing

2023

Assets$10,805,770
Liabilities$6,258,328
Net Assets$4,547,442
Open 2023 Filing

Operations Trend

Revenue Growth42nd 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: $476,6232023Revenue 2023: $6,914,708Expenses 2023: $6,438,085Net Income 2023: $476,6232023

Highlighted filing

2023

Revenue$6,914,708
Expenses$6,438,085
Net Income$476,623
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 29, 2024
Return Version
2022v5.0
Gross Receipts
$6,914,708
Mission and Program Overview

Mission

Operation of a north carolina public charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,394,688$6,431,630▲ $36,942
Savings and Temporary Cash Investments$2,111,742$3,157,190▲ $1,045,448
Cash and Non-Interest-Bearing Accounts$1,540,137$1,125,325▼ $414,812
Prepaid Expenses and Deferred Charges$53,420$20,749▼ $32,671
Accounts Receivable$543,108$17,558▼ $525,550
Total Assets$10,749,731$10,805,770▲ $56,039
Other Assets Total$106,636$53,318▼ $53,318
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,499,338$6,162,119▼ $337,219
Accounts Payable and Accrued Expenses$122,456$54,588▼ $67,868
Deferred Revenue-$23,844-
Other Liabilities$43,084$17,777▼ $25,307
Total Liabilities$6,664,878$6,258,328▼ $406,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,084,853$4,547,442▲ $462,589
Total Net Assets Fund Balance$4,084,853$4,547,442▲ $462,589
Total Liabilities and Net Assets / Fund Balance$10,749,731$10,805,770▲ $56,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,743,973$3,203,109$8,947,082
Equipment$26,407$826,654$853,061
Land$645,000-$645,000
Other Land Buildings$16,250$243,061$259,311
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cotton BryanPrincipalFT$92,239$92,239
Rachel LawrenceFaculity Rep-$65,519$65,519

Board Members and Trustees

NameTitle
Collette DrakeBoard Chair
Charmaine TerreginoVice Chair
Andrew BorumMember
Doreen MessickMember
Robb CzyzewskiMember
Nada MohamedSecretary
Jeremy MoultonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,350,391
Program Service Revenue
$461,076
Investment Income
$31,474
Other Revenue
$71,767
All Other Contributions
$3,420
Change in Net Assets
$476,623

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,914,708
Revenue Not Reported on Form 990
$13,978
Total Revenue per Audited Statements
$6,928,686
Total Revenue per Form 990
$6,914,708
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,948,483
Other Expenses$1,489,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,289,253$673,702-$3,962,955
Other Employee Benefits$334,391$68,490-$402,881
Fees for Services Other$375,595--$375,595
Payroll Taxes$249,588$51,121-$300,709
Depreciation Depletion$206,136$42,221-$248,357
Interest$168,235$34,458-$202,693
Current Officers, Directors, Trustees, and Key Employees$133,939$26,819-$160,758
Information Technology$114,215$23,394-$137,609
Pension Plan Contributions$100,579$20,601-$121,180
Occupancy$82,243$16,845-$99,088
Travel$69,900$14,317-$84,217
Insurance$28,051$5,745-$33,796
Office Expenses$25,582$4,812-$30,394
Conferences and Meetings$20,646$4,229-$24,875
Other Expenses$16,944$3,471-$20,415
Fees for Services Legal$14,983$3,069-$18,052
Fees for Services Accounting$11,205$2,295-$13,500
All Other Expenses$8,716$1,786-$10,502
Advertising$2,530$518-$3,048
Total Functional Expenses$5,408,323$1,029,762$0$6,438,085

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,466,097
Total Expenses per Form 990$6,438,085
Expenses per Audited Statements$6,412,779
Expenses Not Reported on Form 990$53,318
Expenses Not Reported on Financial Statements$25,306
Other Expense Adjustments$25,306
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
Lease Liability$17,777
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

“990 is reviewed by the board prior to filing.”

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

“Board members are required to disclose any potential conflict of interest. Conflicts of interest are resolved by the board of directors.”

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

“The personnel committee reviews and approves the compensation of the top management official. Compensation is based on comparibility data.”

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

“Key employee compensation is approved by the compensation committee and is based on comparibility data.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public 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
2024-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cotton Bryan
Formed
1998
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
7
Employees
150
Volunteers
200

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Lease amortization expense -53,318 lease expense 25,306 total -28,012”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

“Lease amortization expense 53,318”

Schedule D, Page 4, Part XII, Line 4B

“LEASE EXPENSE 25,306”

Raw XML AppendixShowing 400 of 518 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0122456
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt054588
IRS990/AccountsReceivableGrp/BOYAmt0543108
IRS990/AccountsReceivableGrp/EOYAmt017558
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0518
IRS990/AdvertisingGrp/ProgramServicesAmt02530
IRS990/AdvertisingGrp/TotalAmt03048
IRS990/AllOtherContributionsAmt03420
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01786
IRS990/AllOtherExpensesGrp/ProgramServicesAmt08716
IRS990/AllOtherExpensesGrp/TotalAmt010502
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0ACADIA NORTHSTAR
IRS990/BooksInCareOfDetail/PhoneNum09199547040
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05029 FALLS OF NEUSE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0RALEIGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01540137
IRS990/CashNonInterestBearingGrp/EOYAmt01125325
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt026819
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0133939
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0160758
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt04229
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt020646
IRS990/ConferencesMeetingsGrp/TotalAmt024875
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt06350391
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt031474
IRS990/CYOtherExpensesAmt01489602
IRS990/CYOtherRevenueAmt071767
IRS990/CYProgramServiceRevenueAmt0461076
IRS990/CYRevenuesLessExpensesAmt0476623
IRS990/CYSalariesCompEmpBnftPaidAmt04948483
IRS990/CYTotalExpensesAmt06438085
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt06914708
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt023844
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt042221
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0206136
IRS990/DepreciationDepletionGrp/TotalAmt0248357
IRS990/Desc0OPERATED AS A PUBLIC CHARTER SCHOOL IN CHAPEL HILL NORTH CAROLINA SERVING APPROXIMATELY 506 STUDENTS IN GRADES K-12 FOR THE FISCAL YEAR ENDING 6/30/2023.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0150
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt05408323
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02295
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt011205
IRS990/FeesForServicesAccountingGrp/TotalAmt013500
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03069
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt014983
IRS990/FeesForServicesLegalGrp/TotalAmt018052
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0375595
IRS990/FeesForServicesOtherGrp/TotalAmt0375595
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0COTTON BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm1RACHEL LAWRENCE
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDREW BORUM
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBB CZYZEWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4COLLETTE DRAKE
IRS990/Form990PartVIISectionAGrp/PersonNm5DOREEN MESSICK
IRS990/Form990PartVIISectionAGrp/PersonNm6NADA MOHAMED
IRS990/Form990PartVIISectionAGrp/PersonNm7JEREMY MOULTON
IRS990/Form990PartVIISectionAGrp/PersonNm8CHARMAINE TERREGINO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt092239
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt165519
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt1FACULITY REP
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE CHAIR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt05923187
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt06914708
IRS990/GrossRentsGrp/RealAmt036566
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt023394
IRS990/InformationTechnologyGrp/ProgramServicesAmt0114215
IRS990/InformationTechnologyGrp/TotalAmt0137609
IRS990/InsuranceGrp/ManagementAndGeneralAmt05745
IRS990/InsuranceGrp/ProgramServicesAmt028051
IRS990/InsuranceGrp/TotalAmt033796
IRS990/InterestGrp/ManagementAndGeneralAmt034458
IRS990/InterestGrp/ProgramServicesAmt0168235
IRS990/InterestGrp/TotalAmt0202693
IRS990/InvestmentIncomeGrp/ExclusionAmt031474
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031474
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt032
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04272824
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06394688
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06431630
IRS990/LandBldgEquipCostOrOtherBssAmt010704454
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06499338
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06162119
IRS990/NetAssetsOrFundBalancesBOYAmt04084853
IRS990/NetAssetsOrFundBalancesEOYAmt04547442
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt036566
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036566
IRS990/NetUnrlzdGainsLossesInvstAmt013978
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04084853
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04547442
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt016845
IRS990/OccupancyGrp/ProgramServicesAmt082243
IRS990/OccupancyGrp/TotalAmt099088
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04812
IRS990/OfficeExpensesGrp/ProgramServicesAmt025582
IRS990/OfficeExpensesGrp/TotalAmt030394
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0106636
IRS990/OtherAssetsTotalGrp/EOYAmt053318
IRS990/OtherChangesInNetAssetsAmt0-28012
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt068490
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0334391
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0402881
IRS990/OtherExpensesGrp/Desc0BOOKS & SUPPLIES
IRS990/OtherExpensesGrp/Desc1FOOD PURCHASES
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc3SALES TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt020439
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16283
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25147
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33471
IRS990/OtherExpensesGrp/ProgramServicesAmt099788
IRS990/OtherExpensesGrp/ProgramServicesAmt130676
IRS990/OtherExpensesGrp/ProgramServicesAmt225128
IRS990/OtherExpensesGrp/ProgramServicesAmt316944
IRS990/OtherExpensesGrp/TotalAmt0120227
IRS990/OtherExpensesGrp/TotalAmt136959
IRS990/OtherExpensesGrp/TotalAmt230275
IRS990/OtherExpensesGrp/TotalAmt320415
IRS990/OtherLiabilitiesGrp/BOYAmt043084
IRS990/OtherLiabilitiesGrp/EOYAmt017777
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0SALES TAX REFUND
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020415
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt114786
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020415
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt114786
IRS990/OtherRevenueTotalAmt035201
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0673702
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03289253
IRS990/OtherSalariesAndWagesGrp/TotalAmt03962955
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt051121
IRS990/PayrollTaxesGrp/ProgramServicesAmt0249588
IRS990/PayrollTaxesGrp/TotalAmt0300709
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt020601
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0100579
IRS990/PensionPlanContributionsGrp/TotalAmt0121180
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt053420
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020749
IRS990/PrincipalOfficerNm0COTTON BRYAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/Desc0SCHOOL PROGRAMS & ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICE
IRS990/ProgramServiceRevenueGrp/Desc2BEFORE & AFTER SCHOOL CARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0202056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1150744
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2108276
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0202056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1150744
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2108276
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06292309
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt06736
IRS990/PYOtherExpensesAmt01764869
IRS990/PYOtherRevenueAmt086850
IRS990/PYProgramServiceRevenueAmt0251605
IRS990/PYRevenuesLessExpensesAmt0511162
IRS990/PYSalariesCompEmpBnftPaidAmt04361469
IRS990/PYTotalExpensesAmt06126338
IRS990/PYTotalRevenueAmt06637500
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0476623
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0423784
IRS990/RentalIncomeOrLossGrp/RealAmt036566
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0461076
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02111742
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03157190
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt05743973
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03203109
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08947082
IRS990ScheduleD/EquipmentGrp/BookValueAmt026407
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0826654
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0853061
IRS990ScheduleD/ExpensesNotReportedAmt053318
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt025306
IRS990ScheduleD/ExpensesSubtotalAmt06412779
IRS990ScheduleD/LandGrp/BookValueAmt0645000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0645000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013978
IRS990ScheduleD/OtherExpensesIncludedAmt053318
IRS990ScheduleD/OtherExpensesNotIncludedAmt025306
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt016250
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0243061
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0259311
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017777
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt013978
IRS990ScheduleD/RevenueSubtotalAmt06914708
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LEASE AMORTIZATION EXPENSE 53,318
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LEASE EXPENSE 25,306
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06431630
IRS990ScheduleD/TotalExpensesPerForm990Amt06438085
IRS990ScheduleD/TotalLiabilityAmt017777
IRS990ScheduleD/TotalRevenuePerForm990Amt06914708
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06928686
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06466097
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WOODS CHARTER OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATOIN AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL SOLICITATIONS FOR STUDENTS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NORTH CAROLINA CHARTER SCHOOL, FUNDED BY STATE AND 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/ExplanationTxt0990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST. CONFLICTS OF INTEREST ARE RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PERSONNEL COMMITTEE REVIEWS AND APPROVES THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. COMPENSATION IS BASED ON COMPARIBILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3KEY EMPLOYEE COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE AND IS BASED ON COMPARIBILITY DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LEASE AMORTIZATION EXPENSE -53,318 LEASE EXPENSE 25,306 TOTAL -28,012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,805,770
Liabilities
$6,258,328
Net assets
$4,547,442
Revenue
$6,914,708
Expenses
$6,438,085
Net income
$476,623
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$10.8$6.26$4.55$6.91$6.44$0.48
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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