Civic Intelligence

Triangle Charter Education Association Inc.

990 • Fiscal year 2023 • EIN 90-1031905

Jul 01, 2022 to Jun 30, 2023 • Filed on May 07, 2024

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

98th percentile

1.12x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

2.13x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Net Margin

33rd percentile

-2.9%

Higher net margin than 33% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2023 filings • NTEE B • $25M-$50M nonprofits • Source year 2023

Asset Growth

83rd percentile

48%

Faster asset growth than 83% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.0%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • NTEE B • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$34,519,295

Up $11,177,065 (+48%) from 2022

Net Assets

Down

-$4,190,163

Down $521,220 (-14%) from 2022

Liabilities

Up

$38,709,458

Up $11,698,285 (+43%) from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin33rd percentile

Revenue

Up

$18,160,737

Up $355,990 (+2.0%) from 2022

Expenses

Up

$18,681,957

Up $651,180 (+3.6%) from 2022

Net Income

Down

-$521,220

Down $295,190 (-131%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2023

Assets$34,519,295
Liabilities$38,709,458
Net Assets-$4,190,163
Open 2023 Filing

Operations Trend

Revenue Growth43rd 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

2023

Revenue$18,160,737
Expenses$18,681,957
Net Income-$521,220
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 7, 2024
Return Version
2022v5.0
Gross Receipts
$18,160,737
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
Cash and Non-Interest-Bearing Accounts$2,600,912$1,629,334▼ $971,578
Land, Buildings, and Equipment, Net$20,446,502$614,290▼ $19,832,212
Cap Stk Tr Prin Current Funds$634,080$559,213▼ $74,867
Pledges and Grants Receivable$216,984$64,136▼ $152,848
Accounts Receivable$7,219$26,792▲ $19,573
Prepaid Expenses and Deferred Charges$45,195$5,016▼ $40,179
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-4,303,023$-4,749,376▼ $446,353
Total Assets$23,342,230$34,519,295▲ $11,177,065
Other Assets Total$25,418$32,179,727▲ $32,154,309
Liabilities
Other Liabilities$26,284,649$37,754,835▲ $11,470,186
Accounts Payable and Accrued Expenses$726,524$624,694▼ $101,830
Grants Payable-$329,929-
Total Liabilities$27,011,173$38,709,458▲ $11,698,285
Net Assets / Fund Balance
Total Net Assets Fund Balance$-3,668,943$-4,190,163▼ $521,220
Total Liabilities and Net Assets / Fund Balance$23,342,230$34,519,295▲ $11,177,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$608,877$1,913,211$2,522,088
Leasehold Improvements$5,413$13,080$18,493
Other Assets Org$31,558,558--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Martin ConwayPresident/chair
Dave EdwardsVice Chair
Ivonne ReedDirector
Marcus BrandonDirector
Kim NorcrosseSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$17,480,021
Program Service Revenue
$606,584
Investment Income
$0
Other Revenue
$74,132
All Other Contributions
$2,300,511
Change in Net Assets
$-521,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,098,113
Revenue Not Reported on Financial Statements
$2,062,624
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$2,062,624
Total Revenue per Audited Statements
$16,098,113
Total Revenue per Form 990
$18,160,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,417,513
Salaries, Compensation, and Employee Benefits$7,264,444
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,215,235$871,661-$6,086,896
Interest-$3,436,061-$3,436,061
Fees for Services Other$1,185,088$946,741-$2,131,829
Depreciation Depletion$1,802,924--$1,802,924
Other Employee Benefits$551,813$103,338-$655,151
Fees for Services Management-$530,993-$530,993
Payroll Taxes$441,137$71,326-$512,463
Occupancy$424,485--$424,485
All Other Expenses$348,134$34,155-$382,289
Fees for Services Accounting-$306,275-$306,275
Information Technology$241,430--$241,430
Other Expenses$416,434$182,535-$182,535
Advertising$154,331--$154,331
Fees for Services Legal-$70,580-$70,580
Travel-$30,422-$30,422
Pension Plan Contributions$8,510$1,424-$9,934
Insurance$7,233--$7,233
Total Functional Expenses$11,838,476$6,843,481$0$18,681,957

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,681,957
Expenses per Audited Statements$16,619,333
Total Expenses per Audited Statements$16,619,333
Expenses Not Reported on Financial Statements$2,062,624
Other Expense Adjustments$2,062,624
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Liabilities$36,922,224
Interest Payable$783,827
Compensated Absences$48,784
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

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

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

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

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

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

Form 990, Part VI, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Martin Conway
Title
President
Phone
9198708763
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Martin Conway
Formed
2013
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 597,926. Management and general expenses 45,316. Fundraising expenses 0. Total expenses 643,242. Contracted labor: program service expenses 587,162. Management and general expenses 901,425. Fundraising expenses 0. Total expenses 1,488,587.”

Form 990, Part XII, Line 2C

“There were no changes from prior year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Csusa management fee sponsorship 2,062,624.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Csusa management fee sponsorship 2,062,624.”

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IRS990/PayrollTaxesGrp/TotalAmt0512463
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0-4303023
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-4749376
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01424
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08510
IRS990/PensionPlanContributionsGrp/TotalAmt09934
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0216984
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt064136
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt045195
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05016
IRS990/PrincipalOfficerNm0MARTIN CONWAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1BEFORE AND AFTERCARE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0493911
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1112673
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0493911
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1112673
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt016890533
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt010411426
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0914214
IRS990/PYRevenuesLessExpensesAmt0-226030
IRS990/PYSalariesCompEmpBnftPaidAmt07619351
IRS990/PYTotalExpensesAmt018030777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017804747
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-521220
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0680716
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0608877
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01913211
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02522088
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02062624
IRS990ScheduleD/ExpensesSubtotalAmt016619333
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05413
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt013080
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018493
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04618
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1616551
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt231558558
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM MANAGEMENT COMPANY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RIGHT TO USE LEASED ASSETS
IRS990ScheduleD/OtherExpensesNotIncludedAmt02062624
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036922224
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt148784
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2783827
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2INTEREST PAYABLE
IRS990ScheduleD/OtherRevenuesNotIncludedAmt02062624
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt02062624
IRS990ScheduleD/RevenueSubtotalAmt016098113
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CSUSA MANAGEMENT FEE SPONSORSHIP 2,062,624.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CSUSA MANAGEMENT FEE SPONSORSHIP 2,062,624.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0614290
IRS990ScheduleD/TotalBookValueOtherAssetsAmt032179727
IRS990ScheduleD/TotalExpensesPerForm990Amt018681957
IRS990ScheduleD/TotalLiabilityAmt037754835
IRS990ScheduleD/TotalRevenuePerForm990Amt018160737
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016098113
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt016619333
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 597,926. MANAGEMENT AND GENERAL EXPENSES 45,316. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 643,242. CONTRACTED LABOR: PROGRAM SERVICE EXPENSES 587,162. MANAGEMENT AND GENERAL EXPENSES 901,425. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,488,587.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO CHANGES FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt023342230
IRS990/TotalAssetsEOYAmt034519295
IRS990/TotalAssetsGrp/BOYAmt023342230
IRS990/TotalAssetsGrp/EOYAmt034519295
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt017480021
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06843481
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt011838476
IRS990/TotalFunctionalExpensesGrp/TotalAmt018681957
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027011173
IRS990/TotalLiabilitiesEOYAmt038709458
IRS990/TotalLiabilitiesGrp/BOYAmt027011173
IRS990/TotalLiabilitiesGrp/EOYAmt038709458
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3668943
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-4190163
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt011838476
IRS990/TotalProgramServiceRevenueAmt0606584
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0680716
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt018160737
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023342230
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034519295
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt030422
IRS990/TravelGrp/TotalAmt030422
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011408 LOSTWOOD LANE
IRS990/USAddress/CityNm0RALEIGH
IRS990/USAddress/StateAbbreviationCd0NC

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$34,519,295
Liabilities
$38,709,458
Net assets
-$4,190,163
Revenue
$18,160,737
Expenses
$18,681,957
Net income
-$521,220
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