MOUNTAIN ISLAND CHARTER SCHOOL SOAR FOUNDATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MOUNTAIN ISLAND CHARTER SCHOOL SOAR FOUNDATION (EIN 46-1445063)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-01-02
- IRS object ID
- 202010079349301141
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-01-02T09:29:36-06:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 200427530 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIVES & ASSOCIATES LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4515 FALLS OF NEUSE ROAD SUITE 450 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27609 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461445063 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOUNTAIN ISLAND CHARTER SCHOOL | BusinessNameLine1Txt |
| Business Name Line2 | SOAR FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MOUN | BusinessNameControlTxt |
| Phone | 7046092307 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13440 LUCIA RIVERBEND HIGHWAY | AddressLine1Txt |
| City | MOUNT HOLLY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28120 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT RHINEHARDT | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 7046092307 | PhoneNum |
| Signature | 2019-11-05 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MEGAN RUSHFORD CPA | PreparerPersonNm |
| PTIN | P01317611 | PTIN |
| Phone | 9198326848 | PhoneNum |
| Preparation | 2019-11-14 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 66.77.128.118 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-01-02 | IPDt |
| IP Tm | 09:29:36 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | C7FC538D9A398D80519534BDBF98E7A656324503 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 579CD5CB797D0171DDA39C8D2B975930FD792CA7 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-09-23 17:36:50Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRETT RHINEHARDT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12516 MORNING CREEK LANE | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28214 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,002,086 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MICHARTER.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2012 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | THE FOUNDATION WAS CREATED FOR THE PURPOSE OF SUPPORTING MOUNTAIN ISLAND CHARTER SCHOOL BY PROVIDING FINANCIAL SUPPORT OF THE EXPANSION AND CONTINUOUS IMPROVEMENT OF THE EDUCATIONAL FUNCTIONS OF THE SCHOOL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $236,575 | PYContributionsGrantsAmt |
| CY Contributions Grants | $136,688 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,436,761 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,576,074 | CYProgramServiceRevenueAmt |
| CY Investment Income | $157,754 | CYInvestmentIncomeAmt |
| PY Other Revenue | $120,091 | PYOtherRevenueAmt |
| CY Other Revenue | $90,246 | CYOtherRevenueAmt |
| PY Total Revenue | $1,793,427 | PYTotalRevenueAmt |
| CY Total Revenue | $1,960,762 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,629,727 | PYOtherExpensesAmt |
| CY Other Expenses | $2,604,851 | CYOtherExpensesAmt |
| PY Total Expenses | $1,629,727 | PYTotalExpensesAmt |
| CY Total Expenses | $2,604,851 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $163,700 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$644,089 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $39,279,584 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,539,727 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $35,490,109 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $35,394,341 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,789,475 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,145,386 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE FOUNDATION WAS CREATED FOR THE PURPOSE OF SUPPORTING MOUNTAIN ISLAND CHARTER SCHOOL BY PROVIDING FINANCIAL SUPPORT AND FACILITIES. THE FOUNDATION ESTABLISHES AND IMPLEMENTS FUNDRAISING PROGRAMS IN SUPPORT OF THE EXPANSION AND CONTINUOUS IMPROVEMENT OF THE EDUCATIONAL FUNCTIONS OF THE SCHOOL. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,830,403 | ExpenseAmt |
| Revenue | $1,576,074 | RevenueAmt |
| Desc | SUPPORT MOUNTAIN ISLAND CHARTER SCHOOL BY PROVIDING FINANCIAL SUPPORT AND FACILITIES | Desc |
| Total Program Service Expenses | $1,830,403 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 7 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | false | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRETT RHINEHARDT | PersonNm |
| Phone | 7046092307 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 13440 LUCIA RIVERBEND HWY | AddressLine1Txt |
| City | MOUNT HOLLY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| BRETT RHINEHARDT | ||||||
| CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ANA PETERSON | ||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BETTY DANZI | ||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| KELLY PLEDGER | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| MIKE STRAUSS | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| MOLLY CALVELLO | ||||||
| BOARD MEMBER | 5.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RJ LEEPER CONSTRUCTION LLC | |||||
| 601 MORRIS STREET | CHARLOTTE | NC | 28202 | CONSTRUCTION | $10,544,383 |
| CAROLINA RECREATION DESIGN | |||||
| 344 ROLLING HILLS ROAD STE 201 | MOORESVILLE | NC | 28117 | EQUIPMENT | $115,835 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $94,189 | FundraisingAmt |
| All Other Contributions | $42,499 | AllOtherContributionsAmt |
| Total Contributions | $136,688 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| RENTAL FEES - MICS | $1,533,359 | $1,533,359 |
| BUS TRANSPORTATION FEES | $38,715 | $38,715 |
| RENTAL FEES - OTHER | $4,000 | $4,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,576,074 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $157,754 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $157,754 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $131,570 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $94,189 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $41,324 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $90,246 | TotalRevenueColumnAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,960,762 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,733,828 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,591 | TotalAmt |
| Management And General | $18,591 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $316,235 | TotalAmt |
| Program Services | $316,235 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,503,076 | TotalAmt |
| Program Services | $1,503,076 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $753,571 | TotalAmt |
| Management And General | $753,571 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER EXPENSES | Desc |
| Total | $13,378 | TotalAmt |
| Program Services | $11,092 | ProgramServicesAmt |
| Management And General | $2,286 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,604,851 | TotalAmt |
| Program Services | $1,830,403 | ProgramServicesAmt |
| Management And General | $774,448 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $735,516 | BOYAmt |
| EOY | $1,015,838 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,580,744 | BOYAmt |
| EOY | $4,830,611 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,917 | BOYAmt |
| EOY | $55,205 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $35,006,237 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,368,164 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,814,407 | BOYAmt |
| EOY | $32,638,073 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,279,584 | BOYAmt |
| EOY | $38,539,727 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,038,838 | BOYAmt |
| EOY | $2,244,772 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,392 | BOYAmt |
| EOY | $22,488 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,152,371 | BOYAmt |
| EOY | $32,117,398 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $769,025 | BOYAmt |
| EOY | $769,025 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $511,483 | BOYAmt |
| EOY | $240,658 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,490,109 | BOYAmt |
| EOY | $35,394,341 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,789,475 | BOYAmt |
| EOY | $3,145,386 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,789,475 | BOYAmt |
| EOY | $3,145,386 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,279,584 | BOYAmt |
| EOY | $38,539,727 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$644,089 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,251,415 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $277,900 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $229,642 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $236,575 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $136,688 | CurrentTaxYearAmt |
| Total | $3,132,220 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $970,616 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $934,153 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,067,587 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,574,247 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,865,398 | CurrentTaxYearAmt |
| Total | $6,412,001 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,222,031 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,212,053 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,297,229 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,810,822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,002,086 | CurrentTaxYearAmt |
| Total | $9,544,221 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $9,544,221 | PublicSupportTotal509Amt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,222,031 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,212,053 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,297,229 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,810,822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,002,086 | CurrentTaxYearAmt |
| Total | $9,544,221 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 1.00000 | PublicSupportCY509Pct |
| Public Support PY509 | 1.00000 | PublicSupportPY509Pct |
| Investment Income CY | 0.00000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $823,011 | OtherCostOrOtherBasisAmt |
| Book Value | $823,011 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $31,479,522 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,985,964 | DepreciationAmt |
| Book Value | $29,493,558 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,703,704 | OtherCostOrOtherBasisAmt |
| Depreciation | $382,200 | DepreciationAmt |
| Book Value | $2,321,504 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $32,638,073 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RETAINAGE PAYABLE | Desc |
| Amt | $240,658 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $240,658 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,960,762 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $1,960,762 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $1,960,762 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,604,851 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $2,604,851 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $2,604,851 | TotalExpensesPerForm990Amt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | RAPTOR RUN EVEN | Event1Nm |
| Gross Receipts Event1 | $94,878 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $24,450 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $70,428 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $1,552 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $5,653 | NonCashPrizesEvent1Amt |
| Entertainment Event1 | $2,883 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $343 | OtherDirectExpensesEvent1Amt |
| Event2 | SILENT AUCTION | Event2Nm |
| Gross Receipts Event2 | $42,783 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $42,783 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $2,528 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $36,155 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $36,155 | CharitableContriOtherEventsAmt |
| Oth Direct Expnss Other Events | $198 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $173,816 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $60,605 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $113,211 | GrossRevenueTotalEventsAmt |
| Cash Prizes Total Events | $1,552 | CashPrizesTotalEventsAmt |
| Non Cash Prizes Total Events | $5,653 | NonCashPrizesTotalEventsAmt |
| Entertainment Total Events | $2,883 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $3,069 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $13,157 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $100,054 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE FOUNDATION WAS CREATED FOR THE PURPOSE OF SUPPORTING MOUNTAIN ISLAND CHARTER SCHOOL BY PROVIDING FINANCIAL SUPPORT AND FACILITIES. THE FOUNDATION ESTABLISHES AND IMPLEMENTS FUNDRAISING PROGRAMS IN SUPPORT OF THE EXPANSION AND CONTINUOUS IMPROVEMENT OF THE EDUCATIONAL FUNCTIONS OF THE SCHOOL. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE DOCUMENTS ARE AVAILABLE TO THE PUBLIC IN THE FRONT OFFICE OF THE SCHOOL. |
| FORM 990, PART IX, LINE 11G | REPAIRS & MAINTENANCE 316,235 0 0 |
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