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Nonprofit · EIN 13-4283294

WILMINGTON ACE CHARTER INCORPORATED

Tax-exempt · WILMINGTON, NC 28403

Financials

$1.2M$1.2M2022$1.1M$1.2M2023$1.2M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of WILMINGTON ACE CHARTER INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,176,691$1,204,110-$27,419$758,827$1,825,296-$1,066,469
June 30, 2024990$1,141,541$1,191,666-$50,125$932,873$2,228,235-$1,295,362
June 30, 2023990$1,160,426$1,229,366-$68,940$1,110,522$2,573,382-$1,462,860
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,142,997
of which government grants
$1,142,997
Program service revenue
$7,217
Investment income
$75
Other revenue
$26,402

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$612,476
Salaries, compensation and benefits (total)
$813,333
Professional fundraising fees
$0
Accounting fees
$9,077
Occupancy
$33,010
Travel
$12,878
Depreciation
$109,990
Program services (functional)
$927,600
Management and general (functional)
$276,510

Balance sheet and other

Total assets, start of year
$932,873
Total assets, end of year
$758,827
Total liabilities, end of year
$1,825,296
Net assets, end of year
-$1,066,469
Land, buildings and equipment
$6,497
Net assets without donor restrictions
-$1,072,966
Net assets with donor restrictions
$6,497
Gross receipts
$1,176,691
Employees
0
Volunteers
4
Year formed
2004
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MARY RUSHERTREASURER
Trustee or director, Officer
25$0
VALERIE GALLOWAYBOARD CHAIR
Trustee or director, Officer
2$0
YOLANDA RHODESVICE CHAIR
Trustee or director, Officer
1$0
CARLETTE GRISSETTSECRETARY
Trustee or director, Officer
1$0
RAMONA RAGINDIRECTOR
Trustee or director
1$0
KEVIN JOHNSONPRINCIPAL
Officer
40$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
KEVIN JOHNSONPRINCIPAL
Officer
40$83,794
MARY RUSHERTREASURER
Trustee or director, Officer
25$25,700
VALERIE GALLOWAYBOARD CHAIR
Trustee or director, Officer
2$0
YOLANDA RHODESVICE CHAIR
Trustee or director, Officer
1$0
CARLETTE GRISSETTSECRETARY
Trustee or director, Officer
1$0
RAMONA RAGINDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensation
KEVIN JOHNSONPRINCIPAL
Trustee or director, Officer
40$89,831
MARY RUSHERTREASURER
Trustee or director, Officer
25$25,700
VALERIE GALLOWAYBOARD CHAIR
Trustee or director, Officer
2$0
CARLETTE GRISSETTSECRETARY
Trustee or director, Officer
1$0
RAMONA RAGINDIRECTOR
Trustee or director
1$0
YOLANDA RHODESVICE CHAIR
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
134 CINEMA DR, WILMINGTON, NC 28403-1490
In care of
% MARY RUSHER
Principal officer (990 for 2024)
KEVIN JOHNSON, 134 CINEMA DRIVE, WILMINGTON, NC 28403
Signed the 990
VALERIE GALLOWAY, BOARD CHAIR
Phone
(910) 799-6776
Return prepared by
SHARPE PATEL CPA

Mission

OPERATION OF A PUBLIC CHARTER SCHOOL

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATED AS A PUBLIC CHARTER SCHOOL DESIGNED TO SERVE UNDERPRIVILEGED CHILDREN IN NEW HANOVER COUNTY, PROVIDING EDUCATIONAL SERVICES TO APPROXIMATELY 91 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025. WILMINGTON PREP MAINTAINS A FREE TUTORING PROGRAM FOR ACADEMICALLY STRUGGLING STUDENTS THROUGHOUT THE YEAR. TEACHERS PROVIDE AFTER-SCHOOL TUTORING TWICE PER WEEK DURING THE SECOND SEMESTER, AS WELL AS HALF-DAY TUTORING SESSIONS FOR ONE WEEK DURING SUMMER, FALL, AND SPRING BREAKS.
    Expenses $927,600 · revenue $33,619

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
13-4283294
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$758,827
Income (IRS master file)
$1,176,691

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,176,691$1,204,110$758,827IRS
990June 2024$1,141,541$1,191,666$932,873XML
990June 2023$1,160,426$1,229,366$1,110,522XML
990June 2022$1,234,952$1,146,081$715,466IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4283294).

Questions about WILMINGTON ACE CHARTER INCORPORATED

What is the EIN of WILMINGTON ACE CHARTER INCORPORATED?
The employer identification number (EIN) of WILMINGTON ACE CHARTER INCORPORATED is 13-4283294.
Is WILMINGTON ACE CHARTER INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to WILMINGTON ACE CHARTER INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WILMINGTON ACE CHARTER INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WILMINGTON ACE CHARTER INCORPORATED due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WILMINGTON ACE CHARTER INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of WILMINGTON ACE CHARTER INCORPORATED?
The 990 for the year ended June 30, 2025 names KEVIN JOHNSON.
Who are the officers and directors of WILMINGTON ACE CHARTER INCORPORATED?
The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does WILMINGTON ACE CHARTER INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,176,691, expenses of $1,204,110 and total assets of $758,827 at year end.

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