2026-06-23T12:29:32-05:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 901031905 TRIANGLE CHARTER EDUCATION ASSOCIATION INC TRIA 9198708763 1020 ST CHARLES PLACE CARY NC 27513 KIM NORCROSS PRESIDENT 9198708763 2026-05-07 1 1 REBECCA FISHER P01690017 7044993893 2026-05-07 2024 2025-03-06 01:10:19Z KIM NORCROSS 1020 ST CHARLES PLACE CARY NC 27513 16096567 0 X WWW.CARDINALCHARTER.ORG - GOVERNANCE X 2013 NC THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE ASSOCIATION IS COMPRISED OF RESPECTED LEADERS WITHIN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS. 5 5 218 233 0 0 15903607 15733599 566285 130722 0 0 121466 232246 16591358 16096567 0 0 0 0 7112829 6202024 0 0 0 11278794 10464652 18391623 16666676 -1800265 -570109 32364888 31887239 38355316 38356168 -5990428 -6468929 X THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE ASSOCIATION IS COMPRISED OF RESPECTED LEADERS WITHIN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS. 0 0 8340054 362968 CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS ARE TUITION-FREE PUBLIC CHARTER SCHOOLS EDUCATING STUDENTS WHO RESIDE IN NORTH CAROLINA. THE SCHOOLS CURRENTLY SERVE STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMIES' MISSION IS TO BUILD A STUDENT-CENTERED LEARNING ENVIRONMENT THAT IS PROJECT-BASED AND TECHNOLOGY-DRIVEN, ENABLING STUDENTS TO REACH THEIR ACADEMIC POTENTIAL. THE SCHOOLS EMPHASIZE ACADEMIC SUCCESS THROUGH THE USE OF DATA TO ADDRESS THE DIVERSE AND INDIVIDUALIZED NEEDS OF STUDENTS. CARDINAL CHARTER ACADEMY FOSTERS A CULTURE OF INNOVATION AND INQUIRY, USING TECHNOLOGY AS A KEY INSTRUCTIONAL MEDIUM. 8340054 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 218 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 NC X X CHARTER SCHOOLS USA INC 9542023500 800 CORPORATE DRIVE SUITE 700 FT LAUDERDALE FL 33334 X KIM NORCROSS PRESIDENT 2.00 X X 0 0 0 IVONNE REED VICE PRESIDENT & TREASURER 2.00 X X 0 0 0 DR HOWARD COLEMAN SECRETARY 2.00 X X 0 0 0 MARCUS BRANDON DIRECTOR 2.00 X 0 0 0 ERIC JOHNSON DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 15733599 15733599 FOOD SERVICE 611710 130722 130722 130722 MISCELLANEOUS 900099 232246 232246 232246 16096567 362968 0 0 5295410 2649839 2645571 22890 11454 11436 491108 245752 245356 392616 196466 196150 28023 14023 14000 34680 17354 17326 697790 349176 348614 173705 86923 86782 203048 101606 101442 472494 236437 236057 1450079 725624 724455 275135 137678 137457 99205 49642 49563 3448221 1725500 1722721 1660777 831058 829719 259962 130086 129876 ADMIN. SERVICES 817464 409061 408403 NUTRITION SERVICES 498032 249217 248815 BOOKS & SUPPLIES 201624 100893 100731 NON-CAP EQUIPMENT 144413 72265 72148 16666676 8340054 8326622 0 457289 2065953 514045 201886 27776 3002002 2596431 572351 405571 31133362 28873894 32364888 31887239 806493 2381157 37548823 35975011 38355316 38356168 X -5990428 -6468929 -5990428 -6468929 32364888 31887239 -570109 91608 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20968 20492 476 1186359 801170 385189 1794675 1774769 19906 405571 SECURITY DEPOSIT 4618 RIGHT TO USE ASSET NET OF AMORTIZATION 28869276 28873894 DUE TO OTHER SCHOOLS 8294 DUE TO MANAGEMENT COMPANY, NET 384533 LEASE LIABILITY 35546523 DEFERRED INFLOWS OF RESOURCES 35661 35975011 16096567 0 16096567 0 16096567 16666676 0 16666676 0 16666676 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ASSOCIATION INCLUDES PUBLIC CHARTER SCHOOLS ORGANIZED UNDER THE STATUTES OF THE STATE OF NORTH CAROLINA. ALL REQUIRED NONDISCRIMINATORY POLICIES AND INFORMATION ARE MADE AVAILABLE TO THE PUBLIC THROUGH VARIOUS ANNOUNCEMENTS AND PUBLICATIONS. SCHEDULE E, PART I, LINE 6 THE ASSOCIATION RECEIVES COMPENSATION FOR SERVICES IN THE FORM OF AWARDS, GRANTS, AND OTHER SUBSIDIES FROM FEDERAL, STATE, AND LOCAL GOVERNMENTAL ENTITIES. SUCH COMPENSATION ALSO INCLUDES FUNDING BASED ON STUDENT ENROLLMENT. FORM 990, PART VI, SECTION A, LINE 3 THE ASSOCIATION CONTRACTED WITH A CHARTER SCHOOL MANAGEMENT COMPANY THAT IS ACCOUNTABLE TO THE BOARD OF DIRECTORS FOR THE ADMINISTRATION, OPERATION, AND PERFORMANCE OF THE CHARTER SCHOOL IN ACCORDANCE WITH THE APPLICABLE CHARTER AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS BY THE ASSOCIATION'S INDEPENDENT ACCOUNTING FIRM. THE FORM 990 WAS REVIEWED AND APPROVED BY THE GOVERNING BOARD PRIOR TO SUBMISSION TO THE APPROPRIATE GOVERNMENTAL AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION'S CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED IN ACCORDANCE WITH THE STANDARDS AND PROVISIONS ESTABLISHED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DECISIONS ARE MADE BASED ON SIMILAR PAY SCALES FOR EDUCATORS IN THE STATE OF NORTH CAROLINA AND ON EXPERIENCE. THE BOARD REVIEWS AND APPROVES ALL SALARY DECISIONS AND RECOMMENDATIONS BY MANAGEMENT. COMPENSATION OF KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON COMPARABILITY DATA AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S FORM 990 IS AVAILABLE UPON REQUEST THROUGH THE MANAGEMENT COMPANY. THE FORM 990 IS ALSO PUBLICLY AVAILABLE ON GUIDESTAR (WWW.GUIDESTAR.ORG).