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Nonprofiteer
← SUGAR CREEK CHARTER SCHOOL INC

Form 990 for tax year 2024

Filed by SUGAR CREEK CHARTER SCHOOL INC.

Totals

Total revenue
$20,342,863
Total expenses
$23,671,389
Contributions and grants received
$19,795,115
Grants paid
$0
Program service revenue
$0
Investment income
$89,032
Other revenue
$458,716
Total assets, end of year
$22,077,448
Total liabilities, end of year
$18,112,456
Net assets or fund balances, end of year
$3,964,992
Program services expenses (Part IX)
$16,121,906
Management and general expenses
$7,549,483
Fundraising expenses
$0
Program service expenses (Part III)
$16,121,906

Program services were 68.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $18,719,240

  • 1f · All other contributions, gifts and grants

    $1,075,875

  • 3 · Investment income

    total $89,032 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $38,968

  • 6c · Rental income or loss

    real property $38,968

  • 6d · Net rental income or loss

    total $38,968 · related or exempt $38,968

  • 11a · Other revenue: School activities

    total $17,220 · related or exempt $17,220 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Fundraising

    total $186,258 · related or exempt $186,258 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Other

    total $216,270 · related or exempt $216,270 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $419,748

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $546,515 · program services $546,515 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $14,220,285 · program services $11,325,667 · management and general $2,894,618 · fundraising $0

  • 8 · Pension plan contributions

    total $96,249 · program services $70,252 · management and general $25,997 · fundraising $0

  • 9 · Other employee benefits

    total $1,373,723 · program services $1,213,793 · management and general $159,930 · fundraising $0

  • 10 · Payroll taxes

    total $1,131,190 · program services $912,590 · management and general $218,600 · fundraising $0

  • 11b · Fees: legal

    total $1,166 · program services $0 · management and general $1,166 · fundraising $0

  • 11c · Fees: accounting

    total $9,750 · program services $0 · management and general $9,750 · fundraising $0

  • 12 · Advertising and promotion

    total $39,366 · program services $0 · management and general $39,366 · fundraising $0

  • 13 · Office expenses

    total $343,206 · program services $267,768 · management and general $75,438 · fundraising $0

  • 14 · Information technology

    total $239,479 · program services $239,479 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $333,696 · program services $0 · management and general $333,696 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $147,327 · program services $145,971 · management and general $1,356 · fundraising $0

  • 20 · Interest

    total $897,451 · program services $0 · management and general $897,451 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,179,440 · program services $0 · management and general $1,179,440 · fundraising $0

  • 23 · Insurance

    total $155,952 · program services $0 · management and general $155,952 · fundraising $0

  • 24a · Other expenses: Contracted Services

    total $847,104 · program services $446,611 · management and general $400,493 · fundraising $0

  • 24b · Other expenses: Supplies/Books

    total $762,187 · program services $617,983 · management and general $144,204 · fundraising $0

  • 24c · Other expenses: Student Transportation

    total $2,429 · program services $0 · management and general $2,429 · fundraising $0

  • 24d · Other expenses: Food Service

    total $528,499 · program services $20,961 · management and general $507,538 · fundraising $0

  • 24e · All other expenses

    total $816,375 · program services $314,316 · management and general $502,059 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,963,378 · end of year $1,880,912

  • 2 · Savings and temporary cash investments

    beginning of year $314,601 · end of year $306,864

  • 4 · Accounts receivable

    beginning of year $81,041 · end of year $171,124

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,688 · end of year $113,856

  • 10a · Land, buildings and equipment: cost or other basis

    $29,392,768

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,056,128

  • 10c · Land, buildings and equipment, net

    beginning of year $19,930,363 · end of year $19,336,640

  • 15 · Other assets

    beginning of year $428,883 · end of year $268,052

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,397 · end of year $190,372

  • 19 · Deferred revenue

    beginning of year $19,424 · end of year $121,175

  • 23 · Secured mortgages and notes payable

    beginning of year $18,295,615 · end of year $17,800,909

  • 27 · Net assets without donor restrictions

    beginning of year $7,293,518 · end of year $3,964,992

Mission and programs · 2024

Mission

Operate a public charter school.

  • Operation of a charter school in Charlotte, North Carolina.

    Expenses $16,121,906 · Revenue $20,342,863

As filed on the 2024 return.

Listed in Part VII

  • Augustus Parker

    Member

    Total calculated
    $0
    Hours/week
    2

  • Christian Robinson

    Member

    Total calculated
    $0
    Hours/week
    2

  • Stacy Moultrie

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Garrett McNeill

    Member

    Total calculated
    $0
    Hours/week
    2

  • Mike Greene

    Member

    Total calculated
    $0
    Hours/week
    2

  • Brian Davies

    Member

    Total calculated
    $0
    Hours/week
    2

  • H Bryan Ives

    Vice Chair

    Total calculated
    $0
    Hours/week
    5

  • Candace W Williams

    Member

    Total calculated
    $0
    Hours/week
    2

  • Matthew Tilley

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Jared Young

    Member

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Turner

    Superintendant

    Total calculated
    $168,600
    From this org
    $168,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,312
    Bonus
    $0
    Other
    $0
    Deferred
    $2,500
    Nontaxable benefits
    $0
    Filer's total
    $182,812

  • J Frank Martin

    Member

    Total calculated
    $0
    Hours/week
    2

  • Dr Jakea Scott

    Finance Manager

    Total calculated
    $96,899
    From this org
    $96,899
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Richard Russell

    Director

    Total calculated
    $88,586
    From this org
    $88,586
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Tom Van Popering

    Member

    Total calculated
    $0
    Hours/week
    2

  • Curt Oliver

    Member

    Total calculated
    $0
    Hours/week
    2

  • Celeste Sundo

    Deputy Superintendent

    Total calculated
    $116,868
    From this org
    $116,868
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jamal Young

    Director

    Total calculated
    $75,562
    From this org
    $75,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Pt I Line 4b
Deferred Compensation Plan

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.2
Source object
202611279349300241

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