Civic Intelligence

Carolina International Preparatory School

990 • Fiscal year 2017 • EIN 90-0590142

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 02, 2017

212 Roper Mountain Rd ExtensionGreenville, SC 29615

(864) 385-6020

Siviq Scores

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

Liabilities / Assets

87th percentile

0.74x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.05x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

35th percentile

-1.2%

Higher net margin than 35% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

60th percentile

$81,500

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

22nd percentile

-4.0%

Faster asset growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,757,056

Down $73,409 (-4.0%) from 2016

Net Assets

Down

$456,621

Down $15,329 (-3.2%) from 2016

Liabilities

Down

$1,300,435

Down $58,080 (-4.3%) from 2016

Revenue

Down

$1,237,514

Down $29,558 (-2.3%) from 2016

Expenses

Up

$1,252,843

Up $12,096 (+1.0%) from 2016

Net Income

Down

-$15,329

Down $41,654 (-158%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $363,890Liabilities 2011: $325,066Net Assets 2011: $38,8242011Assets 2012: $383,034Liabilities 2012: $247,797Net Assets 2012: $135,2372012Assets 2013: $504,653Liabilities 2013: $151,003Net Assets 2013: $353,6502013Assets 2014: $433,405Liabilities 2014: $45,171Net Assets 2014: $388,2342014Assets 2015: $1,919,984Liabilities 2015: $1,474,359Net Assets 2015: $445,6252015Assets 2016: $1,830,465Liabilities 2016: $1,358,515Net Assets 2016: $471,9502016Assets 2017: $1,757,056Liabilities 2017: $1,300,435Net Assets 2017: $456,6212017Assets 2018: $1,731,338Liabilities 2018: $1,192,288Net Assets 2018: $539,0502018Assets 2019: $1,777,788Liabilities 2019: $1,140,046Net Assets 2019: $637,7422019Assets 2020: $1,857,165Liabilities 2020: $1,178,427Net Assets 2020: $678,7382020Assets 2021: $1,939,117Liabilities 2021: $1,103,222Net Assets 2021: $835,8952021Assets 2022: $2,004,855Liabilities 2022: $936,126Net Assets 2022: $1,068,7292022Assets 2023: $1,863,920Liabilities 2023: $888,800Net Assets 2023: $975,1202023Assets 2024: $1,783,048Liabilities 2024: $837,520Net Assets 2024: $945,5282024

Highlighted filing

2017

Assets$1,757,056
Liabilities$1,300,435
Net Assets$456,621

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $902,720Expenses 2011: $863,896Net Income 2011: $38,8242011Revenue 2012: $1,279,169Expenses 2012: $1,182,756Net Income 2012: $96,4132012Revenue 2013: $1,460,054Expenses 2013: $1,241,641Net Income 2013: $218,4132013Revenue 2014: $1,379,810Expenses 2014: $1,345,226Net Income 2014: $34,5842014Revenue 2015: $1,394,590Expenses 2015: $1,337,199Net Income 2015: $57,3912015Revenue 2016: $1,267,072Expenses 2016: $1,240,747Net Income 2016: $26,3252016Revenue 2017: $1,237,514Expenses 2017: $1,252,843Net Income 2017: -$15,3292017Revenue 2018: $1,165,542Expenses 2018: $1,083,113Net Income 2018: $82,4292018Revenue 2019: $1,184,606Expenses 2019: $1,085,914Net Income 2019: $98,6922019Revenue 2020: $1,088,678Expenses 2020: $1,047,682Net Income 2020: $40,9962020Revenue 2021: $976,448Expenses 2021: $819,291Net Income 2021: $157,1572021Revenue 2022: $1,214,281Expenses 2022: $981,447Net Income 2022: $232,8342022Revenue 2023: $951,880Expenses 2023: $1,045,489Net Income 2023: -$93,6092023Revenue 2024: $901,369Expenses 2024: $930,961Net Income 2024: -$29,5922024

Highlighted filing

2017

Revenue$1,237,514
Expenses$1,252,843
Net Income-$15,329
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 2, 2017
Return Version
2016v3.0
Gross Receipts
$1,241,874
Mission and Program Overview

Mission

Carolina prep is a school for preschool through primary formed to build a diverse, positive, stimulating learning environment which values excellence in academics, leadership, and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,595,409$1,600,123▲ $4,714
Cash and Non-Interest-Bearing Accounts$164,361$150,632▼ $13,729
Savings and Temporary Cash Investments$50,426--
Accounts Receivable$15,615$1,647▼ $13,968
Total Assets$1,830,465$1,757,056▼ $73,409
Other Assets Total$4,654$4,654→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,348,921$1,257,661▼ $91,260
Other Liabilities$5,190$39,300▲ $34,110
Accounts Payable and Accrued Expenses$4,404$3,474▼ $930
Total Liabilities$1,358,515$1,300,435▼ $58,080
Net Assets / Fund Balance
Unrestricted Net Assets$471,950$456,621▼ $15,329
Total Net Assets Fund Balance$471,950$456,621▼ $15,329
Total Liabilities and Net Assets / Fund Balance$1,830,465$1,757,056▼ $73,409

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,349,231$149,141$1,498,372
Land$155,640-$155,640
Other Land Buildings$64,142$65,511$129,653
Equipment$17,639$54,652$72,291
Leasehold Improvements$13,471$16,182$29,653
Compensation and Service Providers

Employees

NameTitleBaseTotal
Lee PariseauExecutive Di$81,500$81,500

Board Members and Trustees

NameTitle
Jamie LangenhanChair
Dan WagnerVice Chair
Marcia KucabaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$801
Program Service Revenue
$1,123,305
Investment Income
$27,640
Other Revenue
$85,768
All Other Contributions
$801
Change in Net Assets
$-15,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$898,556
Other Expenses$354,287
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$677,686$67,024-$744,710
Current Officers, Directors, Trustees, and Key Employees-$81,500-$81,500
Payroll Taxes$58,600$13,746-$72,346
Interest$45,353$10,638-$55,991
Depreciation Depletion$46,744$5,194-$51,938
All Other Expenses$11,423$33,927-$45,350
Other Expenses$15,094$17,309-$15,094
Insurance-$15,065-$15,065
Office Expenses$4,884$5,969-$10,853
Advertising-$4,552-$4,552
Total Functional Expenses$994,591$258,252$0$1,252,843
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,232
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Brad PariseauSpouseW-2 WagesNo$30,600
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition$19,751
Payroll Accrual$16,558
Other Current Liabi$1,991
Deposit Liability$1,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 will first be sent to the finance committee for approval and then it will be presented to the full board for approval.

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

The executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.

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

The board chair conducted research related to comparable salaries of pre- school and primary school director positions in greenville and spartanburg. This research was presented to the board of directors along with recommendations for the salaries for the directors. The recommendation was within median range of the research results. The board determined value for cost is reasonable and fair within the regional market. The salary amounts were approved by unamimous vote of the board of directors.

Form 990, Page 6, Part VI, Line 19

The governing documents are held at the office and are available upon request.

Filing and Contact Details

Filer

Filer Name
Carolina International Prep School
EIN
90-0590142
Phone
8643856020
Address
212 ROPER MOUNTAIN RD EXTENSION, GREENVILLE, SC 29615

Signing Officer

Name
Lee Pariseau
Title
Executive Director
Phone
8643856020
Signed
2017-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Pariseau
Formed
2010
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
3
Employees
48
Volunteers
20

Preparer

Firm
Bradshaw Gordon & Clinkscales LLC
Address
630 E WASHINGTON ST STE B, GREENVILLE, SC 29601-2963
Preparer
Sandra Watkins
Phone
8642330590
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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/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
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IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE GREENVILLE NEWS ON AUGUST 26, 2010. IT IS ALSO INCLUDED IN THEIR BROCHURES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0BRAD PARISEAU
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt030600
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0W-2 WAGES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BRAD PARISEAU IS THE SPOUSE OF LEE PARISEAU, EXECUTIVE DIRECTOR.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WILL FIRST BE SENT TO THE FINANCE COMMITTEE FOR APPROVAL AND THEN IT WILL BE PRESENTED TO THE FULL BOARD FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE COMMITTEE SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD CHAIR CONDUCTED RESEARCH RELATED TO COMPARABLE SALARIES OF PRE- SCHOOL AND PRIMARY SCHOOL DIRECTOR POSITIONS IN GREENVILLE AND SPARTANBURG. THIS RESEARCH WAS PRESENTED TO THE BOARD OF DIRECTORS ALONG WITH RECOMMENDATIONS FOR THE SALARIES FOR THE DIRECTORS. THE RECOMMENDATION WAS WITHIN MEDIAN RANGE OF THE RESEARCH RESULTS. THE BOARD DETERMINED VALUE FOR COST IS REASONABLE AND FAIR WITHIN THE REGIONAL MARKET. THE SALARY AMOUNTS WERE APPROVED BY UNAMIMOUS VOTE OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE HELD AT THE OFFICE AND ARE AVAILABLE UPON REQUEST.
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 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0994591
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0456621
IRS990/TotalProgramServiceExpensesAmt0994591
IRS990/TotalProgramServiceRevenueAmt01123305
IRS990/TotalReportableCompFromOrgAmt081500
IRS990/TotalRevenueGrp/ExclusionAmt078536
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01150945
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01237514
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01830465
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01757056
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0471950
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0456621
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.CAROLINAPREPSCHOOL.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE PARISEAU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08643856020
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAROLINA INTERNATIONAL PREP SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0CARO
ReturnHeader/Filer/EIN0900590142
ReturnHeader/Filer/PhoneNum08643856020
ReturnHeader/Filer/USAddress/AddressLine1Txt0212 ROPER MOUNTAIN RD EXTENSION
ReturnHeader/Filer/USAddress/CityNm0GREENVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029615
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06A79991D527DFA9380C6F692270E2500D305F4D3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08F018181B9524A0A9A745B5BB9BE81AE8B95C951
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0571060705
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRADSHAW GORDON & CLINKSCALES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0630 E WASHINGTON ST STE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296012963
ReturnHeader/PreparerPersonGrp/PhoneNum08642330590
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDRA WATKINS
ReturnHeader/ReturnTs02017-11-08T12:40:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.84$0.95$0.90$0.93$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.89$0.98$0.95$1.05$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.00$0.94$1.07$1.21$0.98$0.23
2021Detailed filing. Detailed filing data is available for this year.$1.94$1.10$0.84$0.98$0.82$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.86$1.18$0.68$1.09$1.05$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.78$1.14$0.64$1.18$1.09$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.73$1.19$0.54$1.17$1.08$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.76$1.30$0.46$1.24$1.25$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.83$1.36$0.47$1.27$1.24$0.03
2015Summary only. Only limited summary data is available for this year.$1.92$1.47$0.45$1.39$1.34$0.06
2014Summary only. Only limited summary data is available for this year.$0.43$0.05$0.39$1.38$1.35$0.03
2013Summary only. Only limited summary data is available for this year.$0.50$0.15$0.35$1.46$1.24$0.22
2012Summary only. Only limited summary data is available for this year.$0.38$0.25$0.14$1.28$1.18$0.10
2011Summary only. Only limited summary data is available for this year.$0.36$0.33$0.04$0.90$0.86$0.04