Civic Intelligence

Triangle Charter Education

EIN 90-1031905 • 501(c)3 • Cary, NC

Profile

The triangle charter educational association is a north carolina not-for-profit entity organized exclusively for educational purposes and is comprised of respected leaders in the state of north carolina that are committed to providing high quality educational options for the citizens of the state. The association governs cardinal charter academy.

1020 St Charles PlaceCary, NC 27513

www.trianglechartereducationassociation.org

Siviq Scores

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

Liabilities / Assets

97th percentile

1.19x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

2.31x

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

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

12th percentile

-6.2%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-8.6%

Faster revenue growth than 19% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$32,364,888

Down $2,154,407 (-6.2%) from 2023

Liabilities

Down

$38,355,316

Down $354,142 (-0.9%) from 2023

Net Assets

Down

-$5,990,428

Down $1,800,265 (-43%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin16th percentile

Revenue

Down

$16,591,358

Down $1,569,379 (-8.6%) from 2023

Expenses

Down

$18,391,623

Down $290,334 (-1.6%) from 2023

Net Income

Down

-$1,800,265

Down $1,279,045 (-245%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth12th percentile

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

$40M$20M$0-$20MAssets 2015: $14,540,307Liabilities 2015: $15,261,088Net Assets 2015: -$720,7812015Assets 2016: $13,871,276Liabilities 2016: $14,889,404Net Assets 2016: -$1,018,1282016Assets 2017: $13,533,688Liabilities 2017: $14,707,392Net Assets 2017: -$1,173,7042017Assets 2018: $12,272,143Liabilities 2018: $14,082,132Net Assets 2018: -$1,809,9892018Assets 2019: $11,305,189Liabilities 2019: $13,726,677Net Assets 2019: -$2,421,4882019Assets 2020: $10,387,317Liabilities 2020: $13,510,646Net Assets 2020: -$3,123,3292020Assets 2021: $23,775,884Liabilities 2021: $27,218,797Net Assets 2021: -$3,442,9132021Assets 2022: $23,342,230Liabilities 2022: $27,011,173Net Assets 2022: -$3,668,9432022Assets 2023: $34,519,295Liabilities 2023: $38,709,458Net Assets 2023: -$4,190,1632023Assets 2024: $32,364,888Liabilities 2024: $38,355,316Net Assets 2024: -$5,990,4282024

Highlighted filing

2024

Assets$32,364,888
Liabilities$38,355,316
Net Assets-$5,990,428
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

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

$20M$10M$0-$10MRevenue 2015: $5,186,544Expenses 2015: $5,907,325Net Income 2015: -$720,7812015Revenue 2016: $7,302,798Expenses 2016: $7,600,145Net Income 2016: -$297,3472016Revenue 2017: $9,164,098Expenses 2017: $9,319,674Net Income 2017: -$155,5762017Revenue 2018: $8,787,365Expenses 2018: $9,423,650Net Income 2018: -$636,2852018Revenue 2019: $8,340,327Expenses 2019: $8,951,826Net Income 2019: -$611,4992019Revenue 2020: $8,864,608Expenses 2020: $9,566,449Net Income 2020: -$701,8412020Revenue 2021: $15,148,719Expenses 2021: $15,468,303Net Income 2021: -$319,5842021Revenue 2022: $17,804,747Expenses 2022: $18,030,777Net Income 2022: -$226,0302022Revenue 2023: $18,160,737Expenses 2023: $18,681,957Net Income 2023: -$521,2202023Revenue 2024: $16,591,358Expenses 2024: $18,391,623Net Income 2024: -$1,800,2652024

Highlighted filing

2024

Revenue$16,591,358
Expenses$18,391,623
Net Income-$1,800,265
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,364,888
Liabilities
$38,355,316
Net assets
-$5,990,428
Revenue
$16,591,358
Expenses
$18,391,623
Net income
-$1,800,265
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.4$38.4$5.99$16.6$18.4$1.80
2023Detailed filing. Detailed filing data is available for this year.$34.5$38.7$4.19$18.2$18.7$0.52
2022Detailed filing. Detailed filing data is available for this year.$23.3$27.0$3.67$17.8$18.0$0.23
2021Detailed filing. Detailed filing data is available for this year.$23.8$27.2$3.44$15.1$15.5$0.32
2020Detailed filing. Detailed filing data is available for this year.$10.4$13.5$3.12$8.86$9.57$0.70
2019Detailed filing. Detailed filing data is available for this year.$11.3$13.7$2.42$8.34$8.95$0.61
2018Detailed filing. Detailed filing data is available for this year.$12.3$14.1$1.81$8.79$9.42$0.64
2017Detailed filing. Detailed filing data is available for this year.$13.5$14.7$1.17$9.16$9.32$0.16
2016Detailed filing. Detailed filing data is available for this year.$13.9$14.9$1.02$7.30$7.60$0.30
2015Detailed filing. Detailed filing data is available for this year.$14.5$15.3$0.72$5.19$5.91$0.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$16,591,358
Mission and Program Overview

Mission

The triangle charter educational association is a north carolina not-for-profit entity organized exclusively for educational purposes and is comprised of respected leaders in the state of north carolina that are committed to providing high quality educational options for the citizens of the state. The association governs cardinal charter academy.

The triangle charter educational association is a north carolina not-for-profit entity organized exclusively for educational purposes and is comprised of respected leaders in the state of north carolina that are committed to providing high quality educational options for the citizens of the state. The association governs cardinal charter academy and cardinal charter academy at wendell falls.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$614,290$572,351▼ $41,939
Cash and Non-Interest-Bearing Accounts$1,629,334$457,289▼ $1,172,045
Prepaid Expenses and Deferred Charges$5,016$201,886▲ $196,870
Pledges and Grants Receivable$64,136--
Accounts Receivable$26,792$0▼ $26,792
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$559,213$-561,066▼ $1,120,279
Pd in Cap Srpls Land Bldg Eqp Fund$-4,749,376$-5,429,362▼ $679,986
Total Assets$34,519,295$32,364,888▼ $2,154,407
Other Assets Total$32,179,727$31,133,362▼ $1,046,365
Liabilities
Other Liabilities$37,754,835$37,548,823▼ $206,012
Accounts Payable and Accrued Expenses$624,694$806,493▲ $181,799
Grants Payable$329,929--
Total Liabilities$38,709,458$38,355,316▼ $354,142
Net Assets / Fund Balance
Total Net Assets Fund Balance$-4,190,163$-5,990,428▼ $1,800,265
Total Liabilities and Net Assets / Fund Balance$34,519,295$32,364,888▼ $2,154,407

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$380,819$1,377,520$1,758,339
Other Land Buildings$185,493$882,937$1,068,430
Leasehold Improvements$6,039$14,929$20,968
Other Assets Org$463,370--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Aprl GoffPrincipalFT$124,668$8,301$132,969

Board Members and Trustees

NameTitle
Kim NorcrossPresident
Ivonne ReedVice President
Eric JohnsonDirector
Marcus BrandonDirector
Howard ColemanSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
10jin LLCTech Support800 CORPORATE DRIVE SUITE 424, Fort Lauderdale, FL 33334$273,198
Ling & Kerr Therapy Services LLPEc Services1319 MILITARY CUTOFF RD SUITE CC-2, Wilmington, NC 28405$195,400
Elite Transit LLCStudent Transportation1955 W CORNWALLIS ROAD, Durham, NC 27705$155,095
Revenue and Support

Revenue Composition

Contributions and Grants
$15,903,607
Program Service Revenue
$566,285
Investment Income
$0
Other Revenue
$121,466
All Other Contributions
$217,463
Change in Net Assets
$-1,800,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,591,358
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$16,591,358
Total Revenue per Form 990
$16,591,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,278,794
Salaries, Compensation, and Employee Benefits$7,112,829
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,061,270$29,454-$6,090,724
Interest-$3,563,399-$3,563,399
Fees for Services Other$821,064$1,280,956-$2,102,020
Depreciation Depletion$119,613$1,581,401-$1,701,014
All Other Expenses$569,532$243,510-$813,042
Information Technology$256,424$306,376-$562,800
Other Employee Benefits$543,837--$543,837
Payroll Taxes$454,587$1,814-$456,401
Fees for Services Management-$312,290-$312,290
Other Expenses$5,626$215,125-$220,751
Advertising$1,396$196,409-$197,805
Insurance$6,545$188,078-$194,623
Fees for Services Legal-$66,032-$66,032
Fees for Services Accounting-$31,150-$31,150
Pension Plan Contributions$21,816$51-$21,867
Travel$4,506$4,903-$9,409
Occupancy$2,836--$2,836
Total Functional Expenses$9,255,757$9,135,866$0$18,391,623

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,391,623
Total Expenses per Audited Statements$18,391,623
Total Expenses per Form 990$18,391,623
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
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
Capital Lease Liabilities$36,237,498
Interest Payable$1,250,324
Compensated Absences$61,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The association contracted with a charter school management company to be accountable to the board for the administration, operation, and performance of the charter school in accordance with the charter agreement.”

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

“A copy of form 990 was provided to the board of directors by the association's independent accounting firm. It was reviewed and approved by the governing board prior to government submission.”

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

“The conflict of interest policy is monitored and enforced through the standards and provisions set forth by the north carolina state board of education. Board members are required to disclose any possible conflicts of interest annually.”

Form 990, Part VI, Section C, Line 18

“The association's form 990 is available upon request to the management company. The form 990 can also be found on www.guidestar.com.”

Form 990, Part VI, Section C, Line 19

“The association makes its governing documents, conflicts of interest policy, and audited financial statements available to the public upon request to the management company.”

Filing and Contact Details

Filer

Filer Name
Triangle Charter Education
EIN
90-1031905
Phone
9198708763
Address
1020 ST CHARLES PLACE, CARY, NC 27513

Signing Officer

Name
Kim Norcross
Title
President
Phone
9198708763
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Norcross
Formed
2013
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
218
Volunteers
233

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
6550 N FEDERAL HIGHWAY 4TH FLOOR, FT LAUDERDALE, FL 33308
Preparer
Tyler Johnson
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted labor: program service expenses 821,064. Management and general expenses 1,280,956. Fundraising expenses 0. Total expenses 2,102,020.”

Form 990, Part XII, Line 2C

“There were no changes from prior year.”

Raw XML AppendixShowing 400 of 466 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/ActivityOrMissionDesc0THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/GrossRentsGrp/RealAmt012000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0306376
IRS990/InformationTechnologyGrp/ProgramServicesAmt0256424
IRS990/InformationTechnologyGrp/TotalAmt0562800
IRS990/InsuranceGrp/ManagementAndGeneralAmt0188078
IRS990/InsuranceGrp/ProgramServicesAmt06545
IRS990/InsuranceGrp/TotalAmt0194623
IRS990/InterestGrp/ManagementAndGeneralAmt03563399
IRS990/InterestGrp/TotalAmt03563399
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02275386
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0614290
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0572351
IRS990/LandBldgEquipCostOrOtherBssAmt02847737
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AND IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA THAT ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-4190163
IRS990/NetAssetsOrFundBalancesEOYAmt0-5990428
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt012000
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt012000
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02836
IRS990/OccupancyGrp/TotalAmt02836
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032179727
IRS990/OtherAssetsTotalGrp/EOYAmt031133362
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0543837
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0543837
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3FOOD COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0657342
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt167142
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2390434
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3215125
IRS990/OtherExpensesGrp/ProgramServicesAmt0386705
IRS990/OtherExpensesGrp/ProgramServicesAmt15626
IRS990/OtherExpensesGrp/TotalAmt0657342
IRS990/OtherExpensesGrp/TotalAmt1453847
IRS990/OtherExpensesGrp/TotalAmt2390434
IRS990/OtherExpensesGrp/TotalAmt3220751
IRS990/OtherLiabilitiesGrp/BOYAmt037754835
IRS990/OtherLiabilitiesGrp/EOYAmt037548823
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0109466
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0109466
IRS990/OtherRevenueTotalAmt0109466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029454
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt06061270
IRS990/OtherSalariesAndWagesGrp/TotalAmt06090724
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01814
IRS990/PayrollTaxesGrp/ProgramServicesAmt0454587
IRS990/PayrollTaxesGrp/TotalAmt0456401
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-4749376
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-5429362
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt051
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021816
IRS990/PensionPlanContributionsGrp/TotalAmt021867
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt064136
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05016
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0201886
IRS990/PrincipalOfficerNm0KIM NORCROSS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1BEFORE AND AFTERCARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0539171
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127114
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0539171
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127114
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt017480021
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt011417513
IRS990/PYOtherRevenueAmt074132
IRS990/PYProgramServiceRevenueAmt0606584
IRS990/PYRevenuesLessExpensesAmt0-521220
IRS990/PYSalariesCompEmpBnftPaidAmt07264444
IRS990/PYTotalExpensesAmt018681957
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018160737
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1800265
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt012000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0687751
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0380819
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01377520
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01758339
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt018391623
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06039
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014929
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt020968
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04618
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1456365
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt230209009
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3463370
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM MANAGEMENT COMPANY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT TO USE LEASED ASSETS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM OTHER GOVERNMENTS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0185493
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0882937
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01068430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036237498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt161001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21250324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt016591358
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0572351
IRS990ScheduleD/TotalBookValueOtherAssetsAmt031133362
IRS990ScheduleD/TotalExpensesPerForm990Amt018391623
IRS990ScheduleD/TotalLiabilityAmt037548823
IRS990ScheduleD/TotalRevenuePerForm990Amt016591358
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016591358
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018391623
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/ExplanationTxt0THE ASSOCIATION INCLUDES PUBLIC CHARTER SCHOOLS ORGANIZED UNDER NORTH CAROLINA STATUTES. ALL NONDISCRIMINATORY INFORMATION IS AVAILABLE THROUGH VARIOUS PUBLIC ANNOUCEMENTS AND PUBLICATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION RECEIVES COMPENSATION FOR SERVICES IN THE FORM OF AWARDS, GRANTS AND OTHER SUBSIDIES FROM FEDERAL, STATE AND LOCAL GOVERNMENTS, WHICH ALSO INCLUDES FUNDING FOR STUDENT ENROLLMENT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION CONTRACTED WITH A CHARTER SCHOOL MANAGEMENT COMPANY TO BE ACCOUNTABLE TO THE BOARD FOR THE ADMINISTRATION, OPERATION, AND PERFORMANCE OF THE CHARTER SCHOOL IN ACCORDANCE WITH THE CHARTER AGREEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BY THE ASSOCIATION'S INDEPENDENT ACCOUNTING FIRM. IT WAS REVIEWED AND APPROVED BY THE GOVERNING BOARD PRIOR TO GOVERNMENT SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH THE STANDARDS AND PROVISIONS SET FORTH BY THE NORTH CAROLINA STATE BOARD OF EDUCATION. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POSSIBLE CONFLICTS OF INTEREST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ASSOCIATION'S FORM 990 IS AVAILABLE UPON REQUEST TO THE MANAGEMENT COMPANY. THE FORM 990 CAN ALSO BE FOUND ON WWW.GUIDESTAR.COM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTED LABOR: PROGRAM SERVICE EXPENSES 821,064. MANAGEMENT AND GENERAL EXPENSES 1,280,956. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,102,020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt034519295
IRS990/TotalAssetsEOYAmt032364888
IRS990/TotalAssetsGrp/BOYAmt034519295
IRS990/TotalAssetsGrp/EOYAmt032364888
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt015903607
IRS990/TotalEmployeeCnt0218
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09135866

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