2024-04-30T14:07:55-05:00 2023-06-30 561220683 POTTER AND COMPANY PA 434 COPPERFIELD BLVD NE SUITE A CONCORD NC 28025 990 2022-07-01 582360164 LAKE NORMAN CHARTER SCHOOL LAKE 7049488600 12435 OLD STATESVILLE ROAD HUNTERSVILLE NC 28078 SHANNON STEIN SUPERINTENDENT 7049488600 2024-04-30 1 SHANNON STEIN 999009999 0 KENNI E DOYLE CPA P01353112 7047868189 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON STEIN 12435 OLD STATESVILLE ROAD HUNTERSVILLE NC 18078 29219652 0 X HTTP://WWW.LNCS.ORG/ X 1998 NC LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE. 9 9 321 200 0 0 22460759 22330168 886968 1658959 53954 123900 2588663 5106625 25990344 29219652 0 0 0 0 0 0 0 0 0 24026406 24540777 24026406 24540777 1963938 4678875 64667649 69234798 72185431 71966194 -7517782 -2731396 LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE. 0 0 22771124 6681636 TO OPERATE A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 2,200 STUDENTS IN GRADES K-12. PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SUPPLIES AND MATERIALS TO STUDENTS ENROLLED IN THE CHARTER SCHOOL. 22771124 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 70 0 321 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X ACADIA NORTHSTAR LLC 8282877897 108 EAST FIRST STREET RUTHERFORDTON NC 28139 LESLIE FOGARTY BOARD CHAIRPERSON 3.00 X X 0 0 0 NICOLE BENFORD TREASURER 3.00 X X 0 0 0 GREG KILPATRICK SECRETARY 3.00 X X 0 0 0 AMY CARR VICE CHAIR 3.00 X X 0 0 0 RIDGELY CHAPMAN BOARD MEMBER 3.00 X 0 0 0 JENNIFER JOHNSON BOARD MEMBER 3.00 X 0 0 0 MICHAEL EASTWOOD BOARD MEMBER 3.00 X 0 0 0 ELIZABETH TIMKOVICH BOARD MEMBER 3.00 X 0 0 0 SHANNON STEIN MANAGING DIRECTOR 40.00 X 167933 0 40719 JARED TILLEY BOARD MEMBER 3.00 X 0 0 0 167933 0 40719 1 0 1 0 RATZLAFF CONSTRUCTION COMPANY LLC 920 BLAIRHILL ROAD SUITE B119 CHARLOTTE NC 28217 CONSTRUCTION 603562 1 22329168 1000 22330168 STUDENT FEES 611110 1177185 1177185 CHILD CARE FEES 624410 253387 253387 STUDENT CLUBS 611110 228387 228387 1658959 119880 119880 2516050 0 2516050 2516050 2516050 4020 0 4020 4020 4020 ERC REVENUE 611110 2484931 2484931 SALES TAX REIMBURSEMENT 611110 83948 83948 INSURANCE PROCEEDS 611110 21696 21696 2590575 29219652 6681636 0 207848 1769653 1769653 INSTRUCTIONAL SERVICES 17474546 17474546 SYSTEM-WIDE SUPPORT SER 5183713 5183713 BEFORE & AFTER CARE EXP 112865 112865 24540777 22771124 1769653 0 11184314 9424111 76924 159941 7646679 9704549 64305594 21570184 41198499 42735410 1690040 1848489 2871193 5362298 64667649 69234798 961811 971837 4870 4054 37847735 37038403 33371015 33951900 72185431 71966194 X 0 0 5955655 5955655 -13473437 -8687051 -7517782 -2731396 64667649 69234798 4678875 107511 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6527965 6527965 50370360 16401438 33968922 6196033 5168746 1027287 1211236 1211236 42735410 RESTRICTED BOND FUNDS 2681216 OTHER ASSETS 196150 ERC RECEIVABLE 2484932 5362298 NET PENSION LIABILITY 10315355 PENSION DEFERRED INFLOWS OF RESOURCES 553332 COMPENSATED ABSENCES 357180 NET OPEB LIABILITY 15273513 OPEB DEFFERED INFLOWS OF RESOURCES 6998942 PREPAID RENT 300000 LEASE OBLIGATION 153578 33951900 X 29327163 107511 107511 29219652 0 29219652 24540777 0 24540777 0 24540777 PART X, LINE 2: THE SCHOOL ADOPTED ASC 740-10 AS IT RELATED TO UNCERTAIN TAX POSITIONS EFFECTIVE FOR THE YEAR ENDED JUNE 30, 2023 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, THE SCHOOL IS NOT CURRENTLY UNDER AUDIT NOR HAS THE SCHOOL BEEN CONTACTED BY THESE JURISDICTIONS. BASED ON THE EVALUATION OF THE SCHOOLS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEAR ENDED JUNE 30, 2023. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS INCLUDED IN THE ORGANIZATION'S STATEMENT OF PURPOSE. SCHEDULE E, PART I, LINE 4 THE SCHOOL IS A FREE PUBLIC CHARTER SCHOOL AND THEREFORE DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL ASSISTANCE TO ANY STUDENT. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION IS A CHARTER SCHOOL UNDER THE NORTH CAROLINA GENERAL STATUTE 115C-218. ACCORDINGLY, IT RECEIVES FEDERAL AND STATE ASSISTANCE THROUGH THE STATE BOARD OF EDUCATION. X X X 0 0 0 0 0 0 0 0 0 SHANNON STEIN MANAGING DIRECTOR 167933 0 0 0 0 0 29170 0 11549 0 208652 0 0 0 A PUBLIC FINANCE AUTHORITY OF WISCONSIN 2018-01-09 37730000 RETIRE 2008 BONDS,CONSTRUCTION LOANS,& CONSTRUCT NEW ELEMENTARY SCHOOL 0 0 0 A 37730000 2517750 34695561 2019 0 0 1 1 A 1 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE AND TREASURER REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE FAMILIAR WITH THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY ISSUES WHEN THEY JOIN THE BOARD. THE TREASURER REVIEWS MONTHLY VENDOR REPORTS FOR ANY POTENTIAL ISSUES WITH COMPANIES THAT EMPLOY BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 A MULTIPLE-STEP PROCESS IS USED TO SET COMPENSATION FOR THE MANAGING DIRECTOR. FIRST, MARKET DATA IS GATHERED FROM MULTIPLE EXTERNAL SOURCES. THE BOARD CONDUCTS A PERFORMANCE REVIEW AND GOALS AND EXPECTATIONS ARE SET FOR THE FOLLOWING SCHOOL YEAR. THE POLICY AND PERSONNEL COMMITTEE REVIEWS THE PERFORMANCE DOCUMENTS AND PRESENTS THEIR FINDINGS TO THE BOARD WITH A RECOMMENDATION FOR ANY COMPENSATION CHANGES. THE BOARD THEN VOTES ON THE RECOMMENDED CHANGES. WHEN THE POLICY AND PERSONNEL COMMITTEE PRESENTS THEIR RECOMMENDATIONS, THEY PROVIDE SUPPORTING MARKET COMPENSATION DATA. COMPENSATION OF LOCAL SCHOOL ADMINISTRATORS IS COMMON KNOWLEDGE AS THE RESULT OF MEDIA COVERAGE. FOR OTHER KEY EMPLOYEES, THE POLICY AND PERSONNEL COMMITTEE GATHERS MARKET DATA USING THE SAME EXTERNAL SOURCES. THE MANAGING DIRECTOR CONDUCTS THE PERFORMANCE REVIEW AND PRESENTS ANY RECOMMENDED COMPENSATION CHANGES TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. PART XI, LINE 2C NO CHANGE IN EITHER THE SELECTION PROCESS OR OVERSIGHT PROCESS. LNCHARTER LLC 12435 OLD STATESVILLE ROAD HUNTERSVILLE NC 28078 FINANCE AND OWN REAL ESTATE AND SCHOOL FACILITIES UTILIZED BY THE SCHOOL NC 2592375 2681216 LAKE NORMAN CHARTER SCHOOL