Civic Intelligence

Triangle Charter Education Association Inc.

990 • Fiscal year 2015 • EIN 90-1031905

Jul 01, 2014 to Jun 30, 2015 • Filed on May 12, 2016

Organization ProfileWWW.TRIANGLECHARTEREDUCATIONASSOCIATION.ORG
7917 Bluffridge DriveRaleigh, NC 27615

(919) 870-8763

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

91st percentile

2.94x

Higher debt load relative to revenue than 91% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

11th percentile

-14%

Higher net margin than 11% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Balance Sheet
Liabilities / Assets95th percentile

Assets

$14,540,307

No earlier filing loaded for comparison.

Net Assets

-$720,781

No earlier filing loaded for comparison.

Liabilities

$15,261,088

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin11th percentile

Revenue

$5,186,544

No earlier filing loaded for comparison.

Expenses

$5,907,325

No earlier filing loaded for comparison.

Net Income

-$720,781

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2015

Assets$14,540,307
Liabilities$15,261,088
Net Assets-$720,781
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$5,186,544
Expenses$5,907,325
Net Income-$720,781
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 12, 2016
Return Version
2014v6.0
Gross Receipts
$5,186,544
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$13,696,621▲ $13,696,621
Cash and Non-Interest-Bearing Accounts-$760,912-
Prepaid Expenses and Deferred Charges-$46,369-
Pledges and Grants Receivable-$33,783-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-720,781▼ $720,781
Total Assets$0$14,540,307▲ $14,540,307
Other Assets Total$0$2,622▲ $2,622
Liabilities
Other Liabilities$0$14,679,583▲ $14,679,583
Accounts Payable and Accrued Expenses-$581,505-
Total Liabilities$0$15,261,088▲ $15,261,088
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-720,781▼ $720,781
Total Liabilities and Net Assets / Fund Balance$0$14,540,307▲ $14,540,307

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,010,174$624,943$13,635,117
Equipment$686,447$209,071$895,518
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Allen TaylorPresident
Kim BrownVice President
Cherry ClarkDirector
Elaine ShamelDirector
Lee TeagueDirector
Ted SherburneDirector
Judy DupreSecretary-treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Preferred Meal Systems INCFood Services8152 SOLUTIONS CENTER, Chicago, IL 60677$114,484
Revenue and Support

Revenue Composition

Contributions and Grants
$4,908,107
Program Service Revenue
$274,530
Investment Income
$0
Other Revenue
$3,907
All Other Contributions
$175,744
Change in Net Assets
$-720,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,186,544
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,186,544
Total Revenue per Form 990
$5,186,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,547,987
Salaries, Compensation, and Employee Benefits$2,359,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,727,308$294,980-$2,022,288
Interest-$1,067,663-$1,067,663
Depreciation Depletion$847,824--$847,824
Occupancy$205,846--$205,846
All Other Expenses$109,168$90,190-$199,358
Other Employee Benefits$164,970$11,488-$176,458
Payroll Taxes$132,014$25,840-$157,854
Advertising$112,214$350-$112,564
Fees for Services Other$100,151$270-$100,421
Other Expenses$82,671--$82,671
Information Technology$30,324$13,677-$44,001
Insurance$41,106--$41,106
Office Expenses$20,144$17,482-$37,626
Fees for Services Legal-$35,074-$35,074
Travel$146$26,708-$26,854
Pension Plan Contributions$1,343$1,395-$2,738
Total Functional Expenses$4,322,208$1,585,117$0$5,907,325

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,907,325
Total Expenses per Audited Statements$5,907,325
Total Expenses per Form 990$5,907,325
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$14,252,114
Due to Management Company$419,781
Compensated Absences$7,688
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 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 11

“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 are available to the public upon request to the management company.”

Filing and Contact Details

Filer

Filer Name
Triangle Charter Education Association Inc
EIN
90-1031905
Phone
9198708763
Address
7917 BLUFFRIDGE DRIVE, RALEIGH, NC 27615

Signing Officer

Name
Allen Taylor President
Title
President
Phone
9198708763
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Allen Taylor
Formed
2013
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
KEEFE MCCULLOUGH & CO LLP CPA'S
Address
6550 N FEDERAL HIGHWAY SUITE 410, FT LAUDERDALE, FL 33308
Preparer
William G Benson
Phone
9547710896
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The associations's governing board selects their auditor in compliance with the north carolina statues which require certain criteria to be followed in their request for proposal process. The process was developed for this intial audit period.”

Form 990, Part XII, Line 3B

“An audit as required as set forth in the single audit act was performed.”

Raw XML AppendixShowing 400 of 408 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0581505
IRS990/ActivitiesConductedPrtshpInd00
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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0350
IRS990/AdvertisingGrp/ProgramServicesAmt0112214
IRS990/AdvertisingGrp/TotalAmt0112564
IRS990/AllOtherContributionsAmt0175744
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt090190
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0109168
IRS990/AllOtherExpensesGrp/TotalAmt0199358
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHARTER SCHOOLS USA INC
IRS990/BooksInCareOfDetail/PhoneNum09542023500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0800 CORPORATE DRIVE SUITE 124
IRS990/BooksInCareOfDetail/USAddress/CityNm0FORT LAUDERDALE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd033334
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt0760912
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0114484
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt08152 SOLUTIONS CENTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060677
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PREFERRED MEAL SYSTEMS INC
IRS990/ContractorCompensationGrp/ServicesDesc0FOOD SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04908107
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt03547987
IRS990/CYOtherRevenueAmt03907
IRS990/CYProgramServiceRevenueAmt0274530
IRS990/CYRevenuesLessExpensesAmt0-720781
IRS990/CYSalariesCompEmpBnftPaidAmt02359338
IRS990/CYTotalExpensesAmt05907325
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05186544
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0847824
IRS990/DepreciationDepletionGrp/TotalAmt0847824
IRS990/Desc0CARDINAL CHARTER ACADEMY: IS A TUITION-FREE PUBLIC CHARTER SCHOOL EDUCATING STUDENTS IN GRADES K-8 WHO RESIDE IN NORTH CAROLINA. THE SCHOOL CURRENTLY PROVIDES EDUCATION TO STUDENTS FROM KINDERGARTEN THROUGH SEVENTH GRADE. THE ACADEMY'S MISSION IS TO BUILD A STUDENT-CENTERED LEARNING ENVIRONMENT THAT IS PROJECT-BASED AND TECHNOLOGY-DRIVEN IN WHICH STUDENTS CAN REACH THEIR ACADEMIC POTENTIAL. WE VALUE ACADEMIC SUCCESS THROUGH THE USE OF DATA TO MEET INDIVIDUAL DIVERSE STUDENT NEEDS. CARDINAL CHARTER ACADEMY WILL FOSTER A CULTURE OF INNOVATION AND INQUIRY USING TECHNOLOGY AS THE MEDIUM.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt04322208
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt035074
IRS990/FeesForServicesLegalGrp/TotalAmt035074
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0270
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0100151
IRS990/FeesForServicesOtherGrp/TotalAmt0100421
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CHERRY CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm1ELAINE SHAMEL
IRS990/Form990PartVIISectionAGrp/PersonNm2LEE TEAGUE
IRS990/Form990PartVIISectionAGrp/PersonNm3TED SHERBURNE
IRS990/Form990PartVIISectionAGrp/PersonNm4ALLEN TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm5KIM BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm6JUDY DUPRE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY-TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt04732363
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05186544
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013677
IRS990/InformationTechnologyGrp/ProgramServicesAmt030324
IRS990/InformationTechnologyGrp/TotalAmt044001
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt041106
IRS990/InsuranceGrp/TotalAmt041106
IRS990/InterestGrp/ManagementAndGeneralAmt01067663
IRS990/InterestGrp/TotalAmt01067663
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0834014
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013696621
IRS990/LandBldgEquipCostOrOtherBssAmt014530635
IRS990/LegalDomicileStateCd0NC
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0-720781
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0205846
IRS990/OccupancyGrp/TotalAmt0205846
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017482
IRS990/OfficeExpensesGrp/ProgramServicesAmt020144
IRS990/OfficeExpensesGrp/TotalAmt037626
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt02622
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt011488
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0164970
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0176458
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2FOOD COSTS
IRS990/OtherExpensesGrp/Desc3PROGRAM EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0327058
IRS990/OtherExpensesGrp/ProgramServicesAmt1302285
IRS990/OtherExpensesGrp/ProgramServicesAmt2117636
IRS990/OtherExpensesGrp/ProgramServicesAmt382671
IRS990/OtherExpensesGrp/TotalAmt0327058
IRS990/OtherExpensesGrp/TotalAmt1302285
IRS990/OtherExpensesGrp/TotalAmt2117636
IRS990/OtherExpensesGrp/TotalAmt382671
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt014679583
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03907
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03907
IRS990/OtherRevenueTotalAmt03907
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0294980
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01727308
IRS990/OtherSalariesAndWagesGrp/TotalAmt02022288
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025840
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132014
IRS990/PayrollTaxesGrp/TotalAmt0157854
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01395
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01343
IRS990/PensionPlanContributionsGrp/TotalAmt02738
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt033783
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt046369
IRS990/PrincipalOfficerNm0ALLEN TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTERCARE F
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0182318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt192212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0182318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt192212
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-720781
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0278437
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-720781
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt013010174
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0624943
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013635117
IRS990ScheduleD/EquipmentGrp/BookValueAmt0686447
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0209071
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0895518
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05907325
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0419781
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114252114
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt27688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05186544
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013696621
IRS990ScheduleD/TotalExpensesPerForm990Amt05907325
IRS990ScheduleD/TotalLiabilityAmt014679583
IRS990ScheduleD/TotalRevenuePerForm990Amt05186544
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05186544
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05907325
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 ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATIONS'S GOVERNING BOARD SELECTS THEIR AUDITOR IN COMPLIANCE WITH THE NORTH CAROLINA STATUES WHICH REQUIRE CERTAIN CRITERIA TO BE FOLLOWED IN THEIR REQUEST FOR PROPOSAL PROCESS. THE PROCESS WAS DEVELOPED FOR THIS INTIAL AUDIT PERIOD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AN AUDIT AS REQUIRED AS SET FORTH IN THE SINGLE AUDIT ACT WAS PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
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 XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 3B
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt014540307
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt014540307
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04908107
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01585117
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt04322208
IRS990/TotalFunctionalExpensesGrp/TotalAmt05907325
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt015261088
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt015261088
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-720781
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt04322208
IRS990/TotalProgramServiceRevenueAmt0274530
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0278437
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05186544
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014540307
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt026708
IRS990/TravelGrp/ProgramServicesAmt0146
IRS990/TravelGrp/TotalAmt026854
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07917 BLUFFRIDGE DRIVE
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027615
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.TRIANGLECHARTEREDUCATIONASSOCIATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLEN TAYLOR PRESIDENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198708763
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRIANGLE CHARTER EDUCATION ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0TRIA
ReturnHeader/Filer/EIN0901031905
ReturnHeader/Filer/PhoneNum09198708763
ReturnHeader/Filer/USAddress/AddressLine1Txt07917 BLUFFRIDGE DRIVE
ReturnHeader/Filer/USAddress/CityNm0RALEIGH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027615
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591363792
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEEFE MCCULLOUGH & CO LLP CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06550 N FEDERAL HIGHWAY SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FT LAUDERDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,540,307
Liabilities
$15,261,088
Net assets
-$720,781
Revenue
$5,186,544
Expenses
$5,907,325
Net income
-$720,781
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