Civic Intelligence

Triangle Charter Education Association Inc.

990 • Fiscal year 2017 • EIN 90-1031905

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 08, 2018

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

1.09x

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

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

1.60x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Net Margin

28th percentile

-1.7%

Higher net margin than 28% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.4%

Faster asset growth than 23% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

25%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$13,533,688

Down $337,588 (-2.4%) from 2016

Net Assets

Down

-$1,173,704

Down $155,576 (-15%) from 2016

Liabilities

Down

$14,707,392

Down $182,012 (-1.2%) from 2016

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin28th percentile

Revenue

Up

$9,164,098

Up $1,861,300 (+25%) from 2016

Expenses

Up

$9,319,674

Up $1,719,529 (+23%) from 2016

Net Income

Up

-$155,576

Up $141,771 (+48%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

2017

Assets$13,533,688
Liabilities$14,707,392
Net Assets-$1,173,704
Open 2017 Filing

Operations Trend

Revenue Growth80th percentile

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

2017

Revenue$9,164,098
Expenses$9,319,674
Net Income-$155,576
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 8, 2018
Return Version
2016v3.0
Gross Receipts
$9,164,098
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$12,998,978$12,120,259▼ $878,719
Cash and Non-Interest-Bearing Accounts$805,095$1,055,428▲ $250,333
Pledges and Grants Receivable$52,723$275,845▲ $223,122
Accounts Receivable-$45,857-
Prepaid Expenses and Deferred Charges$11,858$33,677▲ $21,819
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,018,128$-1,173,704▼ $155,576
Total Assets$13,871,276$13,533,688▼ $337,588
Other Assets Total$2,622$2,622→ $0
Liabilities
Other Liabilities$14,297,200$14,232,705▼ $64,495
Accounts Payable and Accrued Expenses$592,204$474,687▼ $117,517
Total Liabilities$14,889,404$14,707,392▼ $182,012
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,018,128$-1,173,704▼ $155,576
Total Liabilities and Net Assets / Fund Balance$13,871,276$13,533,688▼ $337,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,663,170$1,990,440$13,653,610
Equipment$457,089$851,645$1,308,734
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Allen TaylorPresident
Barb VillanoDirector
Elaine ShamelDirector
Lee TeagueDirector
Judy DupreSecretary
Ted SherburneTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Ling & Kerr Therapy Services LLPEducational Therapy3816 N ELM STREET E, Greensboro, NC 27455$204,147
Revenue and Support

Revenue Composition

Contributions and Grants
$8,846,214
Program Service Revenue
$317,752
Investment Income
$0
Other Revenue
$132
All Other Contributions
$264,013
Change in Net Assets
$-155,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,164,098
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,164,098
Total Revenue per Form 990
$9,164,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,531,349
Salaries, Compensation, and Employee Benefits$3,788,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,113,643$196,621-$3,310,264
Interest-$1,619,126-$1,619,126
Fees for Services Other$700,897$461,778-$1,162,675
Depreciation Depletion$1,022,886--$1,022,886
Occupancy$295,383--$295,383
Payroll Taxes$253,023$29,573-$282,596
Information Technology$241,104--$241,104
Other Employee Benefits$176,535$15,175-$191,710
Fees for Services Accounting-$187,013-$187,013
All Other Expenses$91,286$43,681-$134,967
Other Expenses$100,801$79,159-$79,159
Insurance$65,080--$65,080
Travel-$38,755-$38,755
Office Expenses-$32,209-$32,209
Fees for Services Legal-$30,668-$30,668
Advertising$17,830--$17,830
Payment Travel Entrtnmnt Publicly Ofcl$16,459--$16,459
Pension Plan Contributions$3,197$558-$3,755
Total Functional Expenses$6,585,358$2,734,316$0$9,319,674

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,319,674
Total Expenses per Audited Statements$9,319,674
Total Expenses per Form 990$9,319,674
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$13,914,282
Due to Management Company$272,547
Compensated Absences$45,876
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 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
7917 BLUFFRIDGE DRIVE, RALEIGH, NC 27615

Signing Officer

Name
Allen Taylor President
Title
President
Phone
9198708763
Signed
2018-02-08
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 IX, Line 11G

“Other professional fees: program service expenses 1,576. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,576. Contracted labor: program service expenses 699,321. Management and general expenses 461,778. Fundraising expenses 0. Total expenses 1,161,099.”

Form 990, Part XII, Line 2C

“There were no changes from prior year”

Raw XML AppendixShowing 400 of 428 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/BOYAmt0592204
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0474687
IRS990/AccountsReceivableGrp/EOYAmt045857
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/ProgramServicesAmt017830
IRS990/AdvertisingGrp/TotalAmt017830
IRS990/AllOtherContributionsAmt0264013
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt043681
IRS990/AllOtherExpensesGrp/ProgramServicesAmt091286
IRS990/AllOtherExpensesGrp/TotalAmt0134967
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/BOYAmt0805095
IRS990/CashNonInterestBearingGrp/EOYAmt01055428
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0204147
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt03816 N ELM STREET E
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0GREENSBORO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027455
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0LING & KERR THERAPY SERVICES LLP
IRS990/ContractorCompensationGrp/ServicesDesc0EDUCATIONAL THERAPY
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt08846214
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt05531349
IRS990/CYOtherRevenueAmt0132
IRS990/CYProgramServiceRevenueAmt0317752
IRS990/CYRevenuesLessExpensesAmt0-155576
IRS990/CYSalariesCompEmpBnftPaidAmt03788325
IRS990/CYTotalExpensesAmt09319674
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09164098
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01022886
IRS990/DepreciationDepletionGrp/TotalAmt01022886
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 EIGHTH 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/ExpenseAmt06585358
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0187013
IRS990/FeesForServicesAccountingGrp/TotalAmt0187013
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt030668
IRS990/FeesForServicesLegalGrp/TotalAmt030668
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0461778
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0700897
IRS990/FeesForServicesOtherGrp/TotalAmt01162675
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/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/PersonNm0ELAINE SHAMEL
IRS990/Form990PartVIISectionAGrp/PersonNm1LEE TEAGUE
IRS990/Form990PartVIISectionAGrp/PersonNm2BARB VILLANO
IRS990/Form990PartVIISectionAGrp/PersonNm3ALLEN TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm4JUDY DUPRE
IRS990/Form990PartVIISectionAGrp/PersonNm5TED SHERBURNE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt08582201
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt09164098
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0241104
IRS990/InformationTechnologyGrp/TotalAmt0241104
IRS990/InsuranceGrp/ProgramServicesAmt065080
IRS990/InsuranceGrp/TotalAmt065080
IRS990/InterestGrp/ManagementAndGeneralAmt01619126
IRS990/InterestGrp/TotalAmt01619126
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02842085
IRS990/LandBldgEquipBasisNetGrp/BOYAmt012998978
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012120259
IRS990/LandBldgEquipCostOrOtherBssAmt014962344
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/NetAssetsOrFundBalancesBOYAmt0-1018128
IRS990/NetAssetsOrFundBalancesEOYAmt0-1173704
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0295383
IRS990/OccupancyGrp/TotalAmt0295383
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032209
IRS990/OfficeExpensesGrp/TotalAmt032209
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02622
IRS990/OtherAssetsTotalGrp/EOYAmt02622
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015175
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0176535
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0191710
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD COSTS
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc3TELEPHONE AND INTERNET
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt079159
IRS990/OtherExpensesGrp/ProgramServicesAmt0341641
IRS990/OtherExpensesGrp/ProgramServicesAmt1145593
IRS990/OtherExpensesGrp/ProgramServicesAmt2100801
IRS990/OtherExpensesGrp/TotalAmt0341641
IRS990/OtherExpensesGrp/TotalAmt1145593
IRS990/OtherExpensesGrp/TotalAmt2100801
IRS990/OtherExpensesGrp/TotalAmt379159
IRS990/OtherLiabilitiesGrp/BOYAmt014297200
IRS990/OtherLiabilitiesGrp/EOYAmt014232705
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0132
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0132
IRS990/OtherRevenueTotalAmt0132
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0196621
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03113643
IRS990/OtherSalariesAndWagesGrp/TotalAmt03310264
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029573
IRS990/PayrollTaxesGrp/ProgramServicesAmt0253023
IRS990/PayrollTaxesGrp/TotalAmt0282596
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0558
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03197
IRS990/PensionPlanContributionsGrp/TotalAmt03755
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052723
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0275845
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011858
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt033677
IRS990/PrincipalOfficerNm0ALLEN TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTERCARE
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200284
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1117468
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1117468
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06957710
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt016459
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt016459
IRS990/PYOtherExpensesAmt04263668
IRS990/PYOtherRevenueAmt04034
IRS990/PYProgramServiceRevenueAmt0341054
IRS990/PYRevenuesLessExpensesAmt0-297347
IRS990/PYSalariesCompEmpBnftPaidAmt03336477
IRS990/PYTotalExpensesAmt07600145
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07302798
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-155576
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0317884
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1018128
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1173704
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt011663170
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01990440
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013653610
IRS990ScheduleD/EquipmentGrp/BookValueAmt0457089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0851645
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01308734
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09319674
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0272547
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113914282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt245876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO MANAGEMENT COMPANY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2COMPENSATED ABSENCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09164098
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012120259
IRS990ScheduleD/TotalExpensesPerForm990Amt09319674
IRS990ScheduleD/TotalLiabilityAmt014232705
IRS990ScheduleD/TotalRevenuePerForm990Amt09164098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09164098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09319674
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/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,576. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,576. CONTRACTED LABOR: PROGRAM SERVICE EXPENSES 699,321. MANAGEMENT AND GENERAL EXPENSES 461,778. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,161,099.
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013871276
IRS990/TotalAssetsEOYAmt013533688
IRS990/TotalAssetsGrp/BOYAmt013871276
IRS990/TotalAssetsGrp/EOYAmt013533688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08846214
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02734316
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06585358
IRS990/TotalFunctionalExpensesGrp/TotalAmt09319674
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014889404
IRS990/TotalLiabilitiesEOYAmt014707392
IRS990/TotalLiabilitiesGrp/BOYAmt014889404
IRS990/TotalLiabilitiesGrp/EOYAmt014707392
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1018128
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1173704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06585358
IRS990/TotalProgramServiceRevenueAmt0317752
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0317884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09164098
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013871276
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013533688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt038755
IRS990/TravelGrp/TotalAmt038755
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/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALLEN TAYLOR PRESIDENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09198708763
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRIANGLE CHARTER EDUCATION

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,533,688
Liabilities
$14,707,392
Net assets
-$1,173,704
Revenue
$9,164,098
Expenses
$9,319,674
Net income
-$155,576
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