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Nonprofit · EIN 20-3546735

NEW CLASSICAL ACADEMY INCORPORATED

Tax-exempt · ASHEVILLE, NC 28806

Financials

$705K$684K2022$753K$767K2023$788K$789K2024
Revenue Expenses · by fiscal year end
Financials of NEW CLASSICAL ACADEMY INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$788,462$788,809-$347$992,684$826,546$166,138
June 30, 2024990$752,950$766,737-$13,787$1,021,556$855,072$166,484
June 30, 2023990$705,315$684,378$20,937$1,038,432$858,160$180,272
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$8,504
Program service revenue
$779,958
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$494,603
Salaries, compensation and benefits (total)
$534,245
Professional fundraising fees
$0
Accounting fees
$21,606
Occupancy
$34,699
Depreciation
$30,280
Program services (functional)
$788,559
Fundraising (functional)
$250

Balance sheet and other

Total assets, start of year
$1,021,556
Total assets, end of year
$992,684
Total liabilities, end of year
$826,546
Net assets, end of year
$166,138
Land, buildings and equipment
$805,752
Gross receipts
$788,462
Employees
13

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
ANDREW M CROSSDIRECTOR
Trustee or director, Officer
40$96,438
990 for the year ended June 30, 2024: 1 people
NameTitleHours / weekCompensation
ANDREW M CROSSDIRECTOR
Trustee or director, Officer
40$90,442
990 for the year ended June 30, 2023: 1 people
NameTitleHours / weekCompensation
ANDREW M CROSSDIRECTOR
Trustee or director, Officer
40$75,838

Address and contacts

Address (IRS master file)
671 SAND HILL RD, ASHEVILLE, NC 28806-1527
In care of
% KELLY HOMOLKA
Principal officer (990 for 2024)
ANDREW M CROSS
Signed the 990
ANDREW M CROSS, DIRECTOR
Phone
(828) 225-1993
Return prepared by
PLATINUM GROUP

Mission

PRIVATE SCHOOL SERVING GRADES K-8

990 for the year ended June 30, 2025

Program accomplishments

  • THE SCHOOL OPERATES ON A STANDARD 5 DAY A WEEK SCHEDULE MONDAY THROUGH FRIDAY FROM 9 AM TO 3 PM; STUDENTS IN OUR TRADITIONAL PROGRAM WILL ATTEND ALL WEEK. IN ADDITION WE WILL OFFER A DISTANCE LEARNING PROGRAM AND A HOME SCHOOL ENRICHMENT PROGRAM. TRADITIONAL PROGRAM: FOR PARENTS WHO PREFER A TRADITIONAL FIVE DAY A WEEK SCHEDULE, WE ARE HERE TO MEET THAT NEED. HOWEVER, FRIDAYS WILL ALWAYS BE OPTIONAL. FOR PARENTS WHO NEED DOWNTIME IN IN THEIR LIVES, WOULD LIKE TO GO ON FAMILY VACATIONS OR PERHAPS JUST SCHEDULE A DOCTOR'S VISIT, REST ASSURED THAT THAT ON ANY FRIDAY YOUR FAMILY CAN TAKE THE TIME YOU NEED FOR YOURSELVES DISTANCE LEARNING PROGRAM: YOUR CHILD IS ENROLLED AS A PRIVATE SCHOOL STUDENT AND ATTENDS SCHOOL HALF OF THE TIME. WE HAVE OPTIONS FOR MONDAY, TUESDAY AND FRIDAY OR WEDNESDAY, THURSDAY AND FRIDAY. AGAIN, KEEP IN MIND THAT FRIDAYS ARE ALWAYS OPTIONAL. FOR THE OTHER TWO DAYS, THE STUDENT WILL COMPLETE THEIR ASSIGNED LESSONS AT HOME. ONCE IN MIDDLE SCHOOL, THIS PROGRAM ASSUMES A HIGH LEVEL OF ACADEMIC WORK AND INDIVIDUAL RESPONSIBILITY. AFTER ONE YEAR ENROLLED IN THIS PROGRAM IN MIDDLE SCHOOL, STUDENTS MUST MAINTAIN A 3.0 GPA. HOME SCHOOL ENRICHMENT PROGRAM: THE THIRD OPTION IS FOR HOME SCHOOL STUDENTS. THE STUDENT WILL ATTEND THE SCHOOL ON FRIDAYS FROM 9 AM TO 3 PM. THE STUDENT WILL REGISTER AS A HOME SCHOOL STUDENT WITH THE STATE AND WILL ATTEND THE SCHOOL AS AN ENRICHMENT PROGRAM, PARTICIPATING IN ALL ASPECTS OF THE SCHOOL DAY AND BEING SEAMLESSLY INTEGRATED INTO OUR SCHOOL COMMUNITY. WE WILL ALSO PROVIDE THESE PARENTS WITH HOME SCHOOL COUNSELING, THE OPPORTUNITY FOR HOME SCHOOL TESTING AND CURRICULUM RESOURCES.
    Expenses $788,559 · revenue $779,958
  • SEE STATEMENT

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
20-3546735
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B30)
Assets (IRS master file)
$992,684
Income (IRS master file)
$788,462

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$788,462$788,809$992,684IRS
990June 2024$752,950$766,737$1,021,556XML
990June 2023$705,315$684,378$1,038,432XML
990June 2022$650,794$632,191$1,053,869IRS
990June 2021–––IRS
990June 2020–––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 20-3546735).

Questions about NEW CLASSICAL ACADEMY INCORPORATED

What is the EIN of NEW CLASSICAL ACADEMY INCORPORATED?
The employer identification number (EIN) of NEW CLASSICAL ACADEMY INCORPORATED is 20-3546735.
Is NEW CLASSICAL ACADEMY INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to NEW CLASSICAL ACADEMY INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW CLASSICAL ACADEMY 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 NEW CLASSICAL ACADEMY 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 NEW CLASSICAL ACADEMY 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 NEW CLASSICAL ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 names ANDREW M CROSS.
Who are the officers and directors of NEW CLASSICAL ACADEMY INCORPORATED?
The 990 for the year ended June 30, 2025 lists 1 person; 1 received compensation from the organization, the highest $96,438 (ANDREW M CROSS, DIRECTOR).
How much revenue does NEW CLASSICAL ACADEMY INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $788,462, expenses of $788,809 and total assets of $992,684 at year end.

Other nonprofits in ASHEVILLE

All nonprofits in ASHEVILLE · North Carolina · Education