CAPE FEAR MONTESSORI VILLAGE INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: CAPE FEAR MONTESSORI VILLAGE INC (EIN 46-1128148)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2014-11-14
IRS object ID: 201403189349304010
Schema version: 2013v3.1
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
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-11-14T12:52:15-05:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	561909514	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Goodson and Taylor CPAs	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	771 S Kerr Ave	AddressLine1
City	Wilmington	City
State	NC	State
ZIP Code	28403	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	461128148	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CAPE FEAR MONTESSORI VILLAGE INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	CAPE	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6339 CAROLINA BEACH RD	AddressLine1
City	Wilmington	City
State	NC	State
ZIP Code	28412	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DAN CAMACHO	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	9107954860	PhoneNum
Signature	2014-10-11	SignatureDt
Discuss With Paid Preparer	false	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CLEMENT E GOODSON	PreparerPersonNm
PTIN	P01200579	PTIN
Phone	9103924650	PhoneNum
Preparation	2014-11-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	MELNDA CUMMINGS	PrincipalOfficerNm
Gross Receipts	$1,085,505	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2012	FormationYr
Legal Domicile State	NC	LegalDomicileStateCd
Activity Or Mission	THE ORGANIZATION WAS FORMED TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA AND PROVIDE A MONTESSORI EDUCATION TO ITS STUDENTS	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	27	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$1,085,505	CYContributionsGrantsAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
CY Total Revenue	$1,085,505	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid	$642,249	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
CY Other Expenses	$344,683	CYOtherExpensesAmt
CY Total Expenses	$986,932	CYTotalExpensesAmt
CY Revenues Less Expenses	$98,573	CYRevenuesLessExpensesAmt
Total Assets BOY	$500	TotalAssetsBOYAmt
Total Assets EOY	$727,285	TotalAssetsEOYAmt
Total Liabilities EOY	$628,212	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$500	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$99,073	NetAssetsOrFundBalancesEOYAmt
Mission	THE ORGANIZATION WAS FORMED TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA AND PROVIDE A MONTESSORI EDUCATION TO ITS STUDENTS	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$986,932	ExpenseAmt
Revenue	$1,086,005	RevenueAmt
Desc	THE ORGANIZATION WAS FORMED TO OPERATE A CHARTER SCHOOL IN NORTH CAROLINA AND PROVIDE A MONTESSORI EDUCATION TO ITS STUDENTS	Desc
Total Program Service Expenses	$986,932	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	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	Yes (true)	ReportOtherAssetsInd
Report Other Liabilities	false	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	false	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
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	27	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
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
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	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	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	false	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	false	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (true)	WrittenPolicyOrProcedureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	BRIAN CORRIGAN	PersonNm
Phone	9107954860	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	6339 CAROLINA BEACH RD	AddressLine1
City	Wilmington	City
State	NC	State
ZIP Code	28412	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
MICHAEL DAVENPORT
DIRECTOR	0.00	0.00	Yes (X)	$0	$0	$0
CHRISTA DEES
SECRETARY	0.00	0.00	Yes (X)	$0	$0	$0
JEREMY LINQUIST
DIRECTOR	0.00	0.00	Yes (X)	$0	$0	$0
STEVE SHUTTLEWORTH
DIRECTOR	0.00	0.00	Yes (X)	$0	$0	$0
JILL DAVENPORT
DIRECTOR	0.00	0.00	Yes (X)	$0	$0	$0
MELNDA CUMMINGS
PRESIDENT	0.00	0.00		$0	$0	$0	Yes (X)
JENNIFER FRIEND
VICE PRESIDENT	0.00	0.00		$0	$0	$0	Yes (X)
DAN CAMACHO
TREASURER	0.00	0.00		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Federated Campaigns	$5,189	FederatedCampaignsAmt
Government Grants	$1,072,337	GovernmentGrantsAmt
All Other Contributions	$7,979	AllOtherContributionsAmt
Total Contributions	$1,085,505	TotalContributionsAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,085,505	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$575,935	TotalAmt
Program Services	$575,935	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$66,314	TotalAmt
Program Services	$66,314	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$37,858	TotalAmt
Program Services	$37,858	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,501	TotalAmt
Program Services	$4,501	ProgramServicesAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$25,304	TotalAmt
Program Services	$25,304	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$71,694	TotalAmt
Program Services	$71,694	ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$22,145	TotalAmt
Program Services	$22,145	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$66,017	TotalAmt
Program Services	$66,017	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$9,440	TotalAmt
Program Services	$9,440	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$16,694	TotalAmt
Program Services	$16,694	ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
BOOKS AND SUPPLIES	$86,812	$86,812
PROGRAM EXPENSE	$4,218	$4,218

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$986,932	TotalAmt
Program Services	$986,932	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$500	BOYAmt
EOY	$109,640	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
EOY	$5,377	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$472,008	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$9,440	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
EOY	$462,568	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
EOY	$149,700	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$500	BOYAmt
EOY	$727,285	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
EOY	$6,404	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
EOY	$621,808	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$628,212	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$500	BOYAmt
EOY	$99,073	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$500	BOYAmt
EOY	$99,073	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$500	BOYAmt
EOY	$727,285	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$98,573	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
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)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$500	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,077,526	CurrentTaxYearAmt
Total	$1,078,026	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$500	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,077,526	CurrentTaxYearAmt
Total	$1,078,026	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$1,078,026	PublicSupportTotal170Amt
Total Support	$1,078,026	TotalSupportAmt
Public Support CY170	1.00000	PublicSupportCY170Pct
Public Support PY170	1.00000	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$472,008	OtherCostOrOtherBasisAmt
Depreciation	$9,440	DepreciationAmt
Book Value	$462,568	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$462,568	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	INVESTMENTS-REAL ESTATE PARTNERSHIP	Desc
Book Value	$149,700	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$149,700	TotalBookValueOtherAssetsAmt
Total Rev Etc Audited Fincl Stmt	$1,085,505	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$1,085,505	RevenueSubtotalAmt
Total Revenue Per Form990	$1,085,505	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$986,932	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$986,932	ExpensesSubtotalAmt
Total Expenses Per Form990	$986,932	TotalExpensesPerForm990Amt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Officer directors etc family relationship Part VI line 2	TWO OF OUR BOARD MEMEBRS ARE HUSBAND AND WIFE. THEY DO NOT RECEIVE ANY COMPENSATION FOR THEIR SERVICES AND THEY DO NOT HAVE ANY RELATED PARTIES WORKING FOR THE SCHOOL
Form 990 governing body review Part VI line 11	THE 990 WAS REVIEWD BY THE BOARD MEMBERS BEFORE FILING
Conflict of interest policy compliance Part VI line 12c	THE BAORD MEMBERS COMPLETE ANNUALLY A CONFLICT OF INTEREST STATEMENT DISCLOSING ANY RELATED PARTY EVENTS OR CONFLICTING INTEREST.
Governing documents etc available to public Part VI line 19	THE FORM 990 AND ANY RELATED FINANCIAL RECORDS ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.