2026-03-26T07:23:27+00:00 2025-06-30 135381590 BDO USA 200 OTTAWA AVE NW STE 300 GRAND RAPIDS MI 495032426 990 2024-07-01 471886543 PEAK CHARTER ACADEMY PEAK 6162221700 1601 ORCHARD VILLAS AVE APEX NC 27502 SCOTT IDEN PRESIDENT 2026-03-26 true JAKE COOK P01240455 6167747000 2026-03-25 2024 2025-03-06 01:10:19Z SCOTT IDEN 1601 ORCHARD VILLAS AVE APEX NC 27502 8844355 false X WWW.NHASCHOOLS.COM X 2016 NC TO OPERATE A PUBLIC CHARTER SCHOOL WHICH PROVIDES EDUCATION BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. 7 7 0 254 0 8675764 8626280 183556 183075 0 0 35000 35000 8894320 8844355 0 0 0 3513718 3320939 0 0 0 5396221 5515267 8909939 8836206 -15619 8149 1343137 1610808 1305274 1564796 37863 46012 TO OPERATE A PUBLIC CHARTER SCHOOL AND TO PROVIDE EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION. false false 7055718 161985 OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC SCHOOL ACADEMY. THE ACADEMY PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMY OPERATES UNDER A CHARTER APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION. 126637 56090 OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC SCHOOL ACADEMY DESCRIBED ABOVE. THE ACADEMY OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE IN THE AMOUNT OF $40,272. 7182355 true true false false false false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false true false false false false false true true false false false true true true true false true false false false false X LAURA KNAUFF 6164644028 3850 BROADMOOR AVE SE STE GRAND RAPIDS MI 49512 X AL WETHERELL VICE PRESIDENT 1.0 X X 0 0 0 MICHELLE DURNER TREASURER 1.0 X X 0 0 0 SCOTT IDEN PRESIDENT 1.0 X X 0 0 0 SHERYL HICKMAN SECRETARY 1.0 X X 0 0 0 DIANE HOLT DIRECTOR 1.0 X 0 0 0 GRAY STEWART DIRECTOR 1.0 X 0 0 0 PAM STEWART DIRECTOR 1.0 X 0 0 0 0 0 0 false false false NATIONAL HERITAGE ACADEMIES INC 3850 BROADMOOR AVENUE SE SUITE GRAND RAPIDS MI 49512 MANAGEMENT SERVICES 7180650 1 8626280 8626280 MISCELLANEOUS ACTIVITY FEES 900099 56090 56090 FOOD SERVICE PROGRAM 611600 126985 126985 0 0 0 0 183075 0 0 0 0 DISCRETIONARY SUPPORT 611710 35000 35000 0 0 0 0 35000 8844355 218075 0 0 X 2656623 2656623 49831 49831 385843 385843 228642 228642 129112 19466 109646 897603 897603 0 0 145190 102035 43155 257125 257125 503527 24291 479236 2213336 2191562 21774 118821 118821 77168 77168 27931 27931 INSTRUCTIONAL SUPPORT 545254 545254 HUMAN RESOURCES 173785 173785 ENROLLMENT & PARENT RELATION 133293 133293 FOOD SERVICE 126637 126637 166485 18777 147708 0 8836206 7182355 1653851 0 720286 1312499 616350 294270 0 0 6501 4039 0 0 0 0 0 0 0 1343137 1610808 527 3092 40213 29747 0 1264534 1531957 1305274 1564796 X 37464 45873 399 139 37863 46012 1343137 1610808 8149 0 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Federal Income Taxes CONTRACTED SERVICE FEE PAYABLE 1531957 1531957 8809355 0 0 8809355 35000 35000 8844355 8801206 0 0 8801206 35000 35000 8836206 Schedule D, Part X, Line 2 THE AUDITED FINANCIAL STATEMENT FOOTNOTES DO NOT REFERENCE ANY UNCERTAIN INCOME TAX POSITIONS. Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements DISCRETIONARY SUPPORT - 35000 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements DISCRETIONARY SUPPORT - 35000 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED WITH THE OPEN ENROLLMENT ADVERTISEMENT IN LOCAL NEWSPAPERS. THE NOTICE OF ITS RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED ANNUALLY DURING THE PERIOD PRIOR TO THE SCHOOLS SOLICITATION IN LOCAL NEWSPAPERS WHICH ARE AVAILABLE FOR CIRCULATION TO ALL SEGMENTS OF THE COMMUNITY. THE PARTICULARS AS TO COLUMN SIZE, PRINT AND TYPE SPECIFIED BY THE IRS ARE MET OR EXCEEDED. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT THE SCHOOL RECEIVES SUPPORT GRANTS FROM FEDERAL, STATE, AND LOCAL AGENCIES. Form 990, Part VI, Line 3 Delegation of management duties THE BOARD OF DIRECTORS OF THE SCHOOL HAS ENTERED INTO A MANAGEMENT AGREEMENT ("THE AGREEMENT") WITH NATIONAL HERITAGE ACADEMIES, INC. ("NHA") FOR THE PROVISION OF ALL EDUCATIONAL, MANAGEMENT AND BUSINESS SERVICES RELATED TO THE OPERATION OF THE SCHOOL. THE AGREEMENT WAS SUBMITTED AND APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION AS PART OF THE CHARTERING PROCESS. PURSUANT TO THE TERMS OF THE AGREEMENT, NHA RECEIVES ALL REVENUE ALLOCATED TO THE SCHOOL AS ITS MANAGEMENT FEE, FROM WHICH IT PROVIDES ITS COMPREHENSIVE EDUCATIONAL MANAGEMENT SERVICES AS SPECIFIED IN THE AGREEMENT AND REQUIRED UNDER THE SCHOOL'S CHARTER (I.E., ALL OF THE OPERATING COSTS OF THE SCHOOL IDENTIFIED IN THE BUDGET APPROVED BY THE SCHOOL'S BOARD). THE FUNCTIONAL EXPENSES REPORTED IN PART IX ARE THE EXPENSES PAID FROM THE FUNDS REMITTED UNDER THE NHA AGREEMENT. IN THE EVENT EXPENSES EXCEED REVENUES, NHA COVERS THE SHORTFALL WITH AN IN-KIND CONTRIBUTION. THIS AGREEMENT HAS BEEN APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION DURING THE SCHOOL'S CHARTER PROCESS AS WELL AS THE INTERNAL REVENUE SERVICE DURING THE SCHOOL'S EXEMPTION APPLICATION PROCESS. Form 990, Part VI, Line 11b Review of form 990 by governing body A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD PRESIDENT FOR REVIEW AND SIGNATURE PRIOR TO FINALIZATION. THE FORM 990 IS THEN SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy THE ACADEMY'S POLICY REQUIRES THAT ANY DIRECTOR, OFFICER, KEY EMPLOYEE OR COMMITTEE MEMBER WHO HAS A CONFLICT OF INTEREST MUST PROMPTLY NOTIFY THE BOARD OF THE CONFLICT AND THE CONFLICT WILL BE DULY NOTED IN THE BOARD OF DIRECTOR MEETING MINUTES. THE PERSON WITH THE CONFLICT WILL BE EXCLUDED FROM DECISION MAKING ON THIS ISSUE. THE BOARD MAY TAKE FORMAL, CORRECTIVE AND DISCIPLINARY ACTIONS IF PROPER DISCLOSURE OF CONFLICTS OF INTEREST ARE NOT MADE. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS APPROVED BY THE BOARD OF DIRECTORS, INCLUDING THE SCHOOL'S AUDITED FINANCIAL STATEMENTS, ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Other Professional Fees - Total Expense: 897603, Program Service Expense: 897603, Management and General Expenses: , Fundraising Expenses: ; FORM 990, PART IX: THE ACADEMY'S FUNCTIONAL EXPENSES CONSISTS PRIMARILY OF A MANAGEMENT FEE TO NATIONAL HERITAGE ACADEMIES (NHA) FOR THE COMPREHENSIVE EDUCATIONAL MANAGEMENT SERVICES PROVIDED, IN LINE WITH THE MANAGEMENT AGREEMENT APPROVED AS PART OF THE CHARTERING PROCESS. THE FUNCTIONAL EXPENSES REPORTED IN PART IX ARE THE EXPENSES INCURRED BY NHA ON BEHALF OF THE SCHOOL AND PAID USING THE FUNDS REMITTED BY THE ACADEMY UNDER MANAGEMENT FEE. UNDER THE NHA MANAGEMENT AGREEMENT, NHA PROVIDES THE SCHOOL WITH ALL PERSONNEL REQUIRED (I.E. TEACHERS, SPECIALIZED AIDE, PRINCIPALS, OFFICE STAFF, ETC). THE SALARIES AND WAGES AND RELATED PAYROLL EXPENSES REPORTED IN THE STATEMENT OF FUNCTIONAL EXPENSES IN PART IX REFER TO THE COMPENSATION EXPENSES OF THESE NHA EMPLOYEES WORKING AT THE ACADEMY. LIKEWISE, ALL EXPENSES REPORTED IN PART IX ARE EXPENSES INCURRED IN THE OPERATION OF THE ACADEMY BY NHA.