Civic Intelligence

Triangle Charter Education Association Inc.

990 • Fiscal year 2019 • EIN 90-1031905

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 06, 2020

Organization ProfileWWW.TRIANGLECHARTEREDUCATIONASSOCIATION.ORG
1020 St Charles PlaceCary, NC 27513

(919) 870-8763

Siviq Scores

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

Liabilities / Assets

95th percentile

1.21x

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

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.65x

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

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Net Margin

17th percentile

-7.3%

Higher net margin than 17% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

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.

2019 filings • NTEE B • $10M-$25M nonprofits • Source year 2019

Asset Growth

11th percentile

-7.9%

Faster asset growth than 11% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-5.1%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$11,305,189

Down $966,954 (-7.9%) from 2018

Net Assets

Down

-$2,421,488

Down $611,499 (-34%) from 2018

Liabilities

Down

$13,726,677

Down $355,455 (-2.5%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin17th percentile

Revenue

Down

$8,340,327

Down $447,038 (-5.1%) from 2018

Expenses

Down

$8,951,826

Down $471,824 (-5.0%) from 2018

Net Income

Up

-$611,499

Up $24,786 (+3.9%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2019

Assets$11,305,189
Liabilities$13,726,677
Net Assets-$2,421,488
Open 2019 Filing

Operations Trend

Revenue Growth20th 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

2019

Revenue$8,340,327
Expenses$8,951,826
Net Income-$611,499
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 6, 2020
Return Version
2018v3.1
Gross Receipts
$8,340,327
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$11,276,260$10,414,357▼ $861,903
Cash and Non-Interest-Bearing Accounts$908,639$245,166▼ $663,473
Pledges and Grants Receivable$35,373$232,928▲ $197,555
Accounts Receivable$48,184$38,845▼ $9,339
Prepaid Expenses and Deferred Charges$1,065$1,430▲ $365
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,809,989$-2,421,488▼ $611,499
Total Assets$12,272,143$11,305,189▼ $966,954
Other Assets Total$2,622$372,463▲ $369,841
Liabilities
Other Liabilities$13,638,152$13,251,835▼ $386,317
Accounts Payable and Accrued Expenses$443,980$474,842▲ $30,862
Total Liabilities$14,082,132$13,726,677▼ $355,455
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,809,989$-2,421,488▼ $611,499
Total Liabilities and Net Assets / Fund Balance$12,272,143$11,305,189▼ $966,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,283,150$3,351,967$13,635,117
Equipment$118,397$1,272,427$1,390,824
Leasehold Improvements$12,810$5,683$18,493
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Allen TaylorPresident
Elaine ShamelVice President
Alex KrawchickDirector
Lee TeagueDirector
Megan ChristieSecretary
Drew BaumgartnerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Charter Schools USAManagement800 CORPORATE DRIVE STE 124, Fort Lauderdale, FL 33334$1,989,496
Kerr Connect LLCEducational Therapy1319 MILITARY CUTOFF RD, Wilmington, NC 28405$170,776
Preferred Meal Systems INCFood Service5240 SAINT CHARLES ROAD, Berkeley, IL 60163$133,084
Revenue and Support

Revenue Composition

Contributions and Grants
$8,086,034
Program Service Revenue
$250,715
Investment Income
$0
Other Revenue
$3,578
All Other Contributions
$171,098
Change in Net Assets
$-611,499

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,340,327
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$8,340,327
Total Revenue per Form 990
$8,340,327
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,915,019
Salaries, Compensation, and Employee Benefits$4,036,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,043,427$336,948-$3,380,375
Interest-$1,477,899-$1,477,899
Depreciation Depletion$866,913--$866,913
Fees for Services Other$566,896$225,191-$792,087
Other Employee Benefits$360,330$8,981-$369,311
Fees for Services Management-$358,995-$358,995
Occupancy$303,121--$303,121
Payroll Taxes$244,418$27,783-$272,201
Fees for Services Accounting-$165,139-$165,139
All Other Expenses$97,081$25,121-$122,202
Other Expenses$34,436$55,290-$89,726
Information Technology$88,391--$88,391
Fees for Services Legal-$27,253-$27,253
Travel$264$23,008-$23,272
Advertising$23,153--$23,153
Pension Plan Contributions$13,454$1,466-$14,920
Insurance$10,386--$10,386
Office Expenses-$8,187-$8,187
Conferences and Meetings$2,325--$2,325
Total Functional Expenses$6,118,615$2,833,211$0$8,951,826

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,951,826
Total Expenses per Audited Statements$8,951,826
Total Expenses per Form 990$8,951,826
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$13,213,869
Compensated Absences$37,966
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
1020 ST CHARLES PLACE, CARY, NC 27513

Signing Officer

Name
Allen Taylor President
Title
President
Phone
9198708763
Signed
2020-01-06
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

“There were no changes from prior year.”

Raw XML AppendixShowing 400 of 449 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/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.
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IRS990/OtherAssetsTotalGrp/EOYAmt0372463
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08981
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0360330
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0369311
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FOOD COSTS
IRS990/OtherExpensesGrp/Desc2TELEPHONE AND INTERNET
IRS990/OtherExpensesGrp/Desc3PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt191615
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt255290
IRS990/OtherExpensesGrp/ProgramServicesAmt0342619
IRS990/OtherExpensesGrp/ProgramServicesAmt1121401
IRS990/OtherExpensesGrp/ProgramServicesAmt234436
IRS990/OtherExpensesGrp/TotalAmt0342619
IRS990/OtherExpensesGrp/TotalAmt1121736
IRS990/OtherExpensesGrp/TotalAmt291615
IRS990/OtherExpensesGrp/TotalAmt389726
IRS990/OtherLiabilitiesGrp/BOYAmt013638152
IRS990/OtherLiabilitiesGrp/EOYAmt013251835
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03578
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03578
IRS990/OtherRevenueTotalAmt03578
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0336948
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03043427
IRS990/OtherSalariesAndWagesGrp/TotalAmt03380375
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027783
IRS990/PayrollTaxesGrp/ProgramServicesAmt0244418
IRS990/PayrollTaxesGrp/TotalAmt0272201
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01466
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt013454
IRS990/PensionPlanContributionsGrp/TotalAmt014920
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035373
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0232928
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01065
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01430
IRS990/PrincipalOfficerNm0ALLEN TAYLOR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0BEFORE AND AFTERCARE
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0152041
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt198674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0152041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt198674
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08499256
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt05235643
IRS990/PYOtherRevenueAmt03362
IRS990/PYProgramServiceRevenueAmt0284747
IRS990/PYRevenuesLessExpensesAmt0-636285
IRS990/PYSalariesCompEmpBnftPaidAmt04188007
IRS990/PYTotalExpensesAmt09423650
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08787365
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-611499
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0254293
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1809989
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-2421488
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt010283150
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03351967
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013635117
IRS990ScheduleD/EquipmentGrp/BookValueAmt0118397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01272427
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01390824
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08951826
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012810
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05683
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018493
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013213869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt08340327
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010414357
IRS990ScheduleD/TotalExpensesPerForm990Amt08951826
IRS990ScheduleD/TotalLiabilityAmt013251835
IRS990ScheduleD/TotalRevenuePerForm990Amt08340327
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08340327
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08951826
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/ExplanationTxt5THERE 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 XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012272143
IRS990/TotalAssetsEOYAmt011305189
IRS990/TotalAssetsGrp/BOYAmt012272143
IRS990/TotalAssetsGrp/EOYAmt011305189
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08086034
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02833211
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06118615
IRS990/TotalFunctionalExpensesGrp/TotalAmt08951826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014082132
IRS990/TotalLiabilitiesEOYAmt013726677
IRS990/TotalLiabilitiesGrp/BOYAmt014082132
IRS990/TotalLiabilitiesGrp/EOYAmt013726677
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1809989
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2421488
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06118615
IRS990/TotalProgramServiceRevenueAmt0250715
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0254293
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08340327
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012272143
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011305189
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt023008

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,305,189
Liabilities
$13,726,677
Net assets
-$2,421,488
Revenue
$8,340,327
Expenses
$8,951,826
Net income
-$611,499
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