Sugar Creek Charter School Inc
- Assets
- $29.5m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 338
- Location
- Charlotte, NC
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 56-2077708
Organization Overview
Sugar Creek Charter School Inc is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Sugar Creek Charter School Inc employed 338 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sugar Creek Charter School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sugar Creek Charter School Inc generated $22.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $21.0m during the year ending 06/2022. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE A PUBLIC CHARTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CHARTER SCHOOL IN CHARLOTTE, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Turner Superintendant | Officer | 40 | $158,610 |
Nancy Lewis Finance Manager | Officer | 40 | $98,710 |
Evelyn Richardson Director Of Operations | Trustee | 40 | $83,720 |
Anthony Daise Treasurer | OfficerTrustee | 5 | $0 |
Matthew Tilley Vice Chair | OfficerTrustee | 2 | $0 |
Ronald Mattison Secretary | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Encore Technology Group Tech Infrastructure | 6/29/22 | $141,757 |
Empire Plumbing Co Plumbing | 6/29/22 | $179,592 |
Paradigm 360 Coach Training Training | 6/29/22 | $149,567 |
Meteor Education School Design | 6/29/22 | $142,794 |
Raise A Child Of The Carolinas After School Care | 6/29/22 | $433,347 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,897,506 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,331,012 |
| Total Program Service Revenue | $22,661 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,844,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $309,066 |
| Compensation of current officers, directors, key employees. | $166,266 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,965,186 |
| Pension plan accruals and contributions | $133,138 |
| Other employee benefits | $929,659 |
| Payroll taxes | $929,912 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,170 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70,849 |
| Office expenses | $328,825 |
| Information technology | $316,629 |
| Royalties | $0 |
| Occupancy | $327,623 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116,698 |
| Interest | $869,788 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $774,267 |
| Insurance | $107,431 |
| All other expenses | $1,546,672 |
| Total functional expenses | $21,031,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,893,273 |
| Savings and temporary cash investments | $224,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $438,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $152,202 |
| Net Land, buildings, and equipment | $20,967,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $811,120 |
| Total assets | $29,486,928 |
| Accounts payable and accrued expenses | $233,847 |
| Grants payable | $0 |
| Deferred revenue | $97,120 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,228,419 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,559,386 |
| Net assets without donor restrictions | $7,176,241 |
| Net assets with donor restrictions | $2,751,301 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,486,928 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sugar Creek Charter School Inc has recieved totaling $425.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Drew Charter School Inc Atlanta, GA | $34,692,137 | $41,952,542 |
North Carolina Charter Educational Foundation Inc Mooresville, NC | $93,431,533 | $35,029,413 |
Lead Public Schools Inc Nashville, TN | $24,033,254 | $42,742,487 |
Kipp Nashville Nashville, TN | $80,824,528 | $47,985,945 |
Georgia Connections Academy Charter School Inc Duluth, GA | $22,514,475 | $38,349,918 |
Kindezi School Inc Atlanta, GA | $19,750,427 | $21,363,051 |
Kipp Enc Public Schools Gaston, NC | $35,993,575 | $43,410,261 |
Gestalt Community Schools Memphis, TN | $46,137,229 | $27,266,737 |
Foothills Education Center Inc Athens, GA | $29,237,884 | $30,776,964 |
Kipp Memphis Inc Memphis, TN | $24,468,081 | $25,479,805 |
Valor Collegiate Academies Nashville, TN | $48,008,126 | $29,376,935 |
Triad Math And Science Academy Company Greensboro, NC | $12,436,639 | $25,994,464 |