Skip to content
Nonprofiteer
← SUGAR CREEK CHARTER SCHOOL INC

Form 990 for tax year 2022

Filed by SUGAR CREEK CHARTER SCHOOL INC.

Totals

Total revenue
$21,064,357
Total expenses
$22,646,707
Contributions and grants received
$20,799,895
Grants paid
$0
Program service revenue
$0
Investment income
$8,789
Other revenue
$255,673
Total assets, end of year
$27,469,790
Total liabilities, end of year
$19,124,598
Net assets or fund balances, end of year
$8,345,192
Program services expenses (Part IX)
$14,590,572
Management and general expenses
$8,032,516
Fundraising expenses
$23,619
Program service expenses (Part III)
$14,590,572

Program services were 64.4% 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)

    $19,605,697

  • 1f · All other contributions, gifts and grants

    $1,194,198

  • 3 · Investment income

    total $8,789 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $38,848

  • 6c · Rental income or loss

    real property $38,848

  • 6d · Net rental income or loss

    total $38,848 · related or exempt $38,848

  • 11a · Other revenue: School activities

    total $52,783 · related or exempt $52,783 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Fundraising

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Other

    total $164,042 · related or exempt $164,042 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $216,825

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $315,305 · program services $315,305 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $13,050,105 · program services $10,247,308 · management and general $2,802,797 · fundraising $0

  • 8 · Pension plan contributions

    total $142,008 · program services $85,268 · management and general $56,740 · fundraising $0

  • 9 · Other employee benefits

    total $1,042,359 · program services $933,964 · management and general $108,395 · fundraising $0

  • 10 · Payroll taxes

    total $1,028,483 · program services $816,212 · management and general $212,271 · fundraising $0

  • 11b · Fees: legal

    total $6,000 · program services $0 · management and general $6,000 · fundraising $0

  • 11c · Fees: accounting

    total $15,090 · program services $0 · management and general $15,090 · fundraising $0

  • 12 · Advertising and promotion

    total $51,196 · program services $0 · management and general $51,196 · fundraising $0

  • 13 · Office expenses

    total $192,839 · program services $110,636 · management and general $82,203 · fundraising $0

  • 14 · Information technology

    total $243,178 · program services $243,178 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $365,291 · program services $0 · management and general $365,291 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $149,042 · program services $149,042 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,060,333 · program services $0 · management and general $1,060,333 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,167,523 · program services $0 · management and general $1,167,523 · fundraising $0

  • 23 · Insurance

    total $123,311 · program services $0 · management and general $123,311 · fundraising $0

  • 24a · Other expenses: Contracted Services

    total $1,896,033 · program services $1,232,346 · management and general $663,687 · fundraising $0

  • 24b · Other expenses: Supplies/Books

    total $516,206 · program services $286,539 · management and general $206,048 · fundraising $23,619

  • 24c · Other expenses: Student Transportation

    total $185,632 · program services $0 · management and general $185,632 · fundraising $0

  • 24d · Other expenses: Food Service

    total $647,275 · program services $2,771 · management and general $644,504 · fundraising $0

  • 24e · All other expenses

    total $449,498 · program services $168,003 · management and general $281,495 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,893,273 · end of year $3,217,851

  • 2 · Savings and temporary cash investments

    beginning of year $224,117 · end of year $2,910,891

  • 4 · Accounts receivable

    beginning of year $438,663 · end of year $192,481

  • 9 · Prepaid expenses and deferred charges

    beginning of year $152,202 · end of year $121,038

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

    $28,446,456

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

    $8,029,339

  • 10c · Land, buildings and equipment, net

    beginning of year $20,967,553 · end of year $20,417,117

  • 15 · Other assets

    beginning of year $811,120 · end of year $610,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $233,847 · end of year $269,337

  • 19 · Deferred revenue

    beginning of year $97,120 · end of year $58,272

  • 23 · Secured mortgages and notes payable

    beginning of year $19,228,419 · end of year $18,796,989

  • 27 · Net assets without donor restrictions

    beginning of year $9,927,542 · end of year $8,345,192

Mission and programs · 2022

Mission

Operate a public charter school.

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

    Expenses $14,590,572 · Revenue $21,064,357

As filed on the 2022 return.

Listed in Part VII

  • Charles M East

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Christian Robinson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Anthony Daise

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Garrett McNeill

    Director

    Total calculated
    $0
    Hours/week
    2

  • Mike Greene

    Director

    Total calculated
    $0
    Hours/week
    2

  • Brian Davies

    Director

    Total calculated
    $0
    Hours/week
    2

  • H Bryan Ives

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Candace W Williams

    Director

    Total calculated
    $0
    Hours/week
    2

  • Matthew Tilley

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Jamaal Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Turner

    Superintendant

    Total calculated
    $166,273
    From this org
    $166,273
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,273
    Bonus
    $0
    Other
    $0
    Deferred
    $20,000
    Nontaxable benefits
    $0
    Filer's total
    $186,273

  • J Frank Martin

    Member

    Total calculated
    $0
    Hours/week
    2

  • Nancy Lewis

    Finance Manager

    Total calculated
    $59,241
    From this org
    $59,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jared Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Evelyn Richardson

    Director of Operations

    Total calculated
    $89,788
    From this org
    $89,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Dave Brake

    Member

    Total calculated
    $0
    Hours/week
    2

  • Ronald Mattison

    Member

    Total calculated
    $0
    Hours/week
    2

  • Richard Russell

    Principal

    Total calculated
    $0
    Hours/week
    2

  • Tom Van Popering

    Member

    Total calculated
    $0
    Hours/week
    2

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

  • 3 · Approval by the board or compensation committee
  • 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
2022
Filed
24 April 2024
IRS schema version
2022v5.0
Source object
202411359349301626

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.