2024-02-20T09:42:28-05:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 272186510 TRIAD EDUCATIONAL SERVICES INC TRIA 9198821516 104 TOWERVIEW COURT CARY NC 27513 MURAT BAKIR PHD BUSINESS MANAGER 9198821516 2024-02-19 true MURAT BAKIR 999009999 false MEGAN A RIDGLEY CPA P01317611 7044993893 2024-02-19 2022 2023-04-26 12:10:37Z DR AHMET BOZDAG 104 TOWNVIEW COURT CARY NC 27513 7577228 false X TESNC.ORG X 2010 NC TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA 6 6 1 0 1259000 2088662 4857085 6072 1095237 3820982 365906 5915716 7577228 28418 0 71109 148826 0 0 4683407 5022762 4754516 5200006 1161200 2377222 65312732 103340096 68126634 105943034 -2813902 -2602938 TO PROVIDE FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA. false false 5152987 28418 4857085 PROVIDED FACILITIES AND GROUNDS MANTENANCE FOR TRIAD MATH AND SCIENCE ACADEMY & TRIANGLE MATH AND SCIENCE ACADEMY, CHARTER SCHOOLS LOCATED IN NORTH CAROLINA. 5152987 true false false false false false false false false false true false false false true true false true false false false false false false false false false true false false true false false false false false false false false false false false false false false true true false false false true 2 0 false 1 true false false false false false false false false X 6 6 false false false false false false false true true false false true true true true false false true true false X MURAT BAKIR 9198821516 104 TOWERVIEW COURT CARY NC 27513 X DR AHMET BOZDAG PRESIDENT 1.00 X X 0 0 0 TUNCAY GEDIK MEMBER 1.00 X 0 0 0 MUMIN KARAMISIR TREASURER 1.00 X X 0 0 0 SHKERAH MCDOWELL MEMBER 1.00 X 0 0 0 FAHRUDIN MEKIC MEMBER 1.00 X 0 0 0 MUSTAFA TOSUN MEMBER 1.00 X 0 0 0 MURAT BAKIR PHD BUSINESS MAN 40.00 X 0 0 0 false false false 1259000 1259000 RENTAL INCOME 531120 4672045 4672045 SERVICE INCOME 611710 185040 185040 4857085 1095237 1095237 CONSTRUCTION PROJECT REFUNDS 900099 287453 287453 REPAIR & REPLACEMENT FUNDS 900099 78453 78453 365906 7577228 5222991 1095237 28418 28418 111155 88924 22231 13030 10424 2606 24641 19713 4928 8502 8502 5350 5350 6051 6051 3451094 3451094 1224559 1224559 294 294 NON-CAPITALIZED IMPROVEME 286711 286711 BOND ADMINISTRATION FEES 19251 19251 DUES AND SUBSCRIPTION 8630 8630 REPAIRS AND MAINTENANCE 6065 6065 6255 696 5559 5200006 5152987 47019 0 824014 372988 70113387 7211070 46182058 62902317 18306660 40064791 65312732 103340096 545035 565734 66791599 103445000 790000 1932300 68126634 105943034 X -2813902 -2602938 -2813902 -2602938 65312732 103340096 X 2377222 -2166258 X false true X true false X 1259000 1259000 1765723 1775589 1928781 5909644 5222991 16602728 1765723 1775589 1928781 5909644 6481991 17861728 17861728 34173 22789 196 6072 1095237 1158467 34173 22789 196 6072 1095237 1158467 1799896 1798378 1928977 5915716 7577228 19020195 0.93910 0.99000 0.06000 0.01000 X 4520792 4520792 65361886 7089482 58272404 230709 121588 109121 62902317 BOND PREMIUM 1932300 1932300 X SCHEDULE D, PAGE 3, PART X FASB ASC 740 PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, IN THE COURSE OF PREPARING FINANCIAL STATEMENTS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE LIKELY THAN NOT" TO BE SUBSTAINED BY THE APPLICABLE TAX AUTHORITY. AS OF THE DATE OF THE INDEPENDENT AUDITORS' REPORT, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. false 28418 A PUBLIC FINANCE AUTHOIRTY 2015 A 273866124 74442EAX8 2015-03-11 20621750 REFINANCE AND NEW CONSTRUCTION OF CHARTER SCHOOL FACILITY false false false B PUBLIC FINANCE AUTHORITY 2021 A&B 273866124 74442EHG8 2021-11-24 32625801 FACILITIES PURCHASE AND CONSTRUCTION OF CHARTER SCHOOL FACILITY false false false C PUBLIC FINANCE AUTHORITY 2017 A 273866124 744396CZ3 2017-12-01 10670000 TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION SERVICES INC. ORIGINAL ISSUE WAS TO FU false false false D PUBLIC FINANCE AUTHORITY 2019 A 273866124 744396EJ7 2019-06-28 5540000 TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE TO ACQUIRE false false false A 1551681 20621750 1407249 297054 412433 17918875 2015 false false true true B 32418846 1520400 660285 545038 29686500 6622 false false false true C 15000 10705847 468593 213397 59831 8565892 567635 2018 false false true true D 20000 5540000 432097 110800 4997103 2021 false false true true A false false false false false false true B false false false false false false true C true false false false false false true D true false false false false false true A false true false false false false false false true B false true false false false false false false true C false true false false false false false false true D false true false false false false false false true A false B false C false D false PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHOIRTY 2015 A REFINANCE AND NEW CONSTRUCTION OF CHARTER SCHOOL FACILITY PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2021 A&B FACILITIES PURCHASE AND CONSTRUCTION OF CHARTER SCHOOL FACILITY PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2017 A TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION SERVICES INC. ORIGINAL ISSUE WAS TO FUND CONSTRUCTION OF CHARTER SCHOOL FACILITIES. PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2019 A TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE TO ACQUIRE AND RENOVATE NEW CHARTER SCHOOL CAMPUS. A PUBLIC FINANCE AUTHORITY 2022 273866124 74442EKJ8 2022-12-22 38130000 TO FINANCE THE COSTS OF ACQUIRING, RENOVATING, AND EQUIPPING CERTAIN CHARTER SCHOOL FACILTIES false false false B PUBLIC FINANCE AUTHORITY 2017B CES INC CES LLC 273866124 744396DA7 2017-12-01 755000 TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE WAS TO FUND false false false C PUBLIC FINANCE AUTHORITY 2019B 273866124 744396EK4 2019-06-28 460000 TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE TO ACQUIRE false false false A 37581021 2364444 2476824 484327 1479040 32785387 false false false true B 748299 58764 350737 138798 2018 false false false true C 460000 105878 350424 3698 false false false true A false false false false false false false B false false false false false false false C false false false false false false false A false false false false false false false false false B false false false false false false false false false C false false false false false false false false false A false B false C false PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2022 TO FINANCE THE COSTS OF ACQUIRING, RENOVATING, AND EQUIPPING CERTAIN CHARTER SCHOOL FACILTIES PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2017B TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE WAS TO FUND CONSTRUCTION OF CHARTER SCHOOL FACILITIES. PURPOSE OF ISSUE DESCRIPTION PUBLIC FINANCE AUTHORITY 2019B TRANSFER OF BOND ISSUE DUE TO MERGER WITH CHARLOTTE EDUCATION FOUNDATION. ORIGINAL ISSUE TO ACQUIRE AND RENOVATE NEW CHARTER SCHOOL CAMPUS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY BOARD MEMBERS PRIOR TO FILING FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST OLICY IS REVIEWED AT BOARD MEETINGS. BOARD MEMBERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM EACH YEAR. ANY POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AND RESOLVED BY THE BOARD FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS APPROVES COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL. FORM 990, PAGE 6, PART VI, LINE 15B NO OFFICERS ARE COMPENSATED. ALL OTHER COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 FIXED ASSETS WEREN'T PROPERLY APPORTIONED BETWEEN TRIAD EDUCATIONAL SERVICES INC AND TRIAD MATH AND SCIENCE ACADEMY INC IN THE PRIOR YEAR INCLUDING THE CAPITALIZATION OF BOND ISSUANCE COSTS. CHARLOTTE EDUCATION SERVICES LLC 104 TOWNVIEW COURT CARY NC 27513 352599040 REAL ESTAT NC 1444392 13467187 TRIAD EDUC TRIAD MATH & SCIENCE ACADEMY 700 CREEK RIDGE ROAD GREENSBORO NC 27406 208471670 EDUCATION NC 501C 2 N/A false false false false false false false false false false true false true false false false false false false false TRIAD MATH & SCIENCE ACADEMY INC COMPANY J 4432465 FMV TRIAD MATH & SCIENCE ACADEMY COMPANY L 184689 FMV TRIAD MATH & SCIENCE ACADEMY COMPANY C 1259000 ACTUAL THE ORGANIZATION BELIEVED THAT THE EXTENSION HAD BEEN TIMELY FILED, BUT DUE TO SOME UNFORESEEN ERROR, EITHER CLERICAL OR ELECTRONIC, IT WAS NOT PROCESSED. THIS FORM 990 WAS PREPARED AND FILED ON AS POSSIBLE AFTER THE ERROR WAS DISCOVERED. OTHER THAN THE INADVERTENT MISSED EXTENSION FILING, ALL OTHER NORMAL BUSINESS CARE AND PRUDENCE HAS BEEN TAKEN TO COMPLY WITH ALL FILING REQUIREMENTS, AND LATE FILING WAS COMPLETELY INADVERTENT AND IN NO WAY DUE TO WILLFUL NEGLECT. THE ORGANIZATION HAS A GOOD FILING HISTORY, AND THIS OCCURRENCE IS NOT NORMAL PRACTICE. PROCEDURES ARE IN PLACE TO BE SURE AN ERROR OF THIS KIND WILL BE AVOIDED GOING FORWARD. TRIAD EDUCATION SYSTEM, INC IS A NON-PROFIT ORGANIZATION THAT PROVIDES FACILITIES FOR CHARTER SCHOOLS OPERATING IN NORTH CAROLINA. CONSIDERING THIS, ANY PENALTY WOULD TAKE AWAY FROM THE EDUCATIONAL SERVICES AVAILABLE TO THOSE STUDENTS.