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      <FSAuditedInd>false</FSAuditedInd>
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      <SchoolInd>X</SchoolInd>
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        <DepreciationAmt>596759</DepreciationAmt>
        <BookValueAmt>304246</BookValueAmt>
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      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>4820</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>4820</DepreciationAmt>
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        <Desc>NET PENSION LIABILITY</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>NOTES PAYABLE LONG TERM</Desc>
        <Amt>568632</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEFERRED INFLOWS OF RESOURCES</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>NOTES PAYABLE CURRENT PORTION</Desc>
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      <TotalRevEtcAuditedFinclStmtAmt>2240081</TotalRevEtcAuditedFinclStmtAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>SOUTHEASTERN ACADEMY, INC OPERATES A CHARTER SCHOOL SERVING STUDENTS FROM KINDERGARTEN THROUGH THE 8TH GRADE. THE ACADEMY CONVERTED FROM A PRIVATE SCHOOL TO A CHARTER SCHOOL UNDER THE AUTHORITY OF THE NORTH CAROLINA STATE BOARD OF EDUCATION. THE ACADEMY MISSION IS TO MAINTAIN HIGH EXPECTATIONS AND PROMOTE EXCELLENCE, ESPECIALLY IN THE FIELDS OF MATH AND SCIENCE FOR ALL STUDENTS, WHILE FOSTERING A CARING AND CREATIVE LEARNING ENVIRONMENT. THE ACADEMY EMPHASIZES THE SOCIAL, EMOTIONAL, PHYSICAL, AND INTELLECTUAL DEVELOPMENT OF EACH CHILD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 1, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>HELP WITH FUND RAISING,STUDENT ACTIVITIES AND VARIOUS OTHER STUDENT AND TEACHER SUPPORT FUNCTIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>NO REVIEW WAS OR WILL BE CONDUCTED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>NO DOCUMENTS AVAILABLE TO THE PUBLIC</ExplanationTxt>
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</Return>