Nonprofit · EIN 20-8920342
THALES ACADEMY
Tax-exempt · RALEIGH, NC 27616
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $84,614,285 | $56,685,227 | $27,929,058 | $207,687,710 | $37,560,632 | $170,127,078 |
| June 30, 2024 | 990 | $71,208,122 | $47,916,851 | $23,291,271 | $184,183,775 | $40,038,177 | $144,145,598 |
| June 30, 2023 | 990 | $43,462,367 | $41,602,603 | $1,859,764 | $158,100,610 | $37,771,351 | $120,329,259 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $36,779,586
- Program service revenue
- $43,925,618
- Investment income
- $3,661,728
- Net rental income
- $155,350
- Net gain from sales of assets
- $1,262,203
- Other revenue
- $247,353
Expenses
- Grants and similar amounts paid
- $247,144
- Compensation of officers, directors and key employees
- $118,600
- Other salaries and wages
- $30,483,060
- Salaries, compensation and benefits (total)
- $35,538,251
- Professional fundraising fees
- $0
- Legal fees
- $40,892
- Accounting fees
- $24,800
- Occupancy
- $1,462,440
- Travel
- $156,182
- Depreciation
- $9,123,247
- Program services (functional)
- $55,038,575
- Management and general (functional)
- $1,469,550
- Fundraising (functional)
- $177,102
Balance sheet and other
- Total assets, start of year
- $184,183,775
- Total assets, end of year
- $207,687,710
- Total liabilities, end of year
- $37,560,632
- Net assets, end of year
- $170,127,078
- Land, buildings and equipment
- $168,432,615
- Publicly traded securities
- $31,871,800
- Net assets without donor restrictions
- $170,127,078
- Gross receipts
- $123,515,391
- Employees
- 975
- Volunteers
- 147
- Year formed
- 2007
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ASHLEY K BAHOR | DIRECTOR OF ACADEMICS Officer | 40 | $111,749 | $4,358 |
| ROBERT L LUDDY | PRESIDENT & CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM H FRANCIS JR | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY A NUNNENKAMP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH L LUDDY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HILERY HERMAN-PAGLIOLO | DIRECTOR OF ACADEMICS Officer | 40 | $89,814 | $22,651 |
| ROBERT L LUDDY | PRESIDENT & CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM H FRANCIS JR | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY A NUNNENKAMP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH L LUDDY | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HILERY HERMAN-PAGLIOLO | DIRECTOR OF ACADEMICS Officer | 40 | $83,357 | $18,789 |
| ROBERT L LUDDY | PRESIDENT & CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM H FRANCIS JR | SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JUDY A NUNNENKAMP | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| RANDOLPH L LUDDY | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4641 PARAGON PARK ROAD, RALEIGH, NC 27616-3406
- In care of
- % WILLIAM H FRANCIS JR
- Principal officer (990 for 2024)
- WILLIAM H FRANCIS JR, 4641 PARAGON PARK ROAD, RALEIGH, NC 27616
- Signed the 990
- WILLIAM H FRANCIS JR, SECRETARY-TREASURER
- Phone
- (919) 453-6415
- Website
- WWW.THALESACADEMY.ORG
- Return prepared by
- BATCHELOR TILLERY & ROBERTS LLP
Mission
THALES ACADEMY IS AN INDEPENDENT SCHOOL SERVING STUDENTS FROM PRE-KINDERGARTEN TO TWELFTH GRADE.
Program accomplishments
- OPERATED SCHOOL FACILITIES IN APEX, CARY, HOLLY SPRINGS, KNIGHTDALE, RALEIGH, ROLESVILLE, WAKE FOREST, AND WAXHAW, NORTH CAROLINA, FRANKLIN, TENNESSEE AND GLEN ALLEN, VIRGINIA. THESE SCHOOLS HAVE THE COMBINED CAPACITY TO TEACH 7,180 STUDENTS.Expenses $55,038,575 · grants $247,144 · revenue $42,004,549
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8920342
- 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
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $207,687,710
- Income (IRS master file)
- $123,515,391
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $84,614,285 | $56,685,227 | $207,687,710 | IRS |
| 990 | June 2024 | $71,208,122 | $47,916,851 | $184,183,775 | IRS |
| 990 | June 2023 | $43,462,367 | $41,602,603 | $158,100,610 | XML |
| 990 | June 2022 | $53,403,024 | $32,633,017 | $156,547,178 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 20-8920342).
Questions about THALES ACADEMY
- What is the EIN of THALES ACADEMY?
- The employer identification number (EIN) of THALES ACADEMY is 20-8920342.
- Is THALES ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to THALES ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THALES ACADEMY 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 THALES ACADEMY 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 THALES ACADEMY 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 THALES ACADEMY?
- The 990 for the year ended June 30, 2025 names WILLIAM H FRANCIS JR.
- Who are the officers and directors of THALES ACADEMY?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $111,749 (ASHLEY K BAHOR, DIRECTOR OF ACADEMICS).
- How much revenue does THALES ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $84,614,285, expenses of $56,685,227 and total assets of $207,687,710 at year end.
Other nonprofits in RALEIGH
- NC STATE INVESTMENT FUND INC EIN 31-1607634 · last filed 990 for 2025
- NORTH CAROLINA STATE UNIVERSITY FOUNDATION INC EIN 56-6049503 · last filed 990 for 2025
- NORTH CAROLINA PARTNERSHIP FOR CHILDREN INC EIN 56-1850485 · last filed 990 for 2025
- MEREDITH COLLEGE EIN 56-0530242 · last filed 990 for 2025
- NC STUDENT AID ASSOCIATION INC EIN 56-0650623 · last filed 990 for 2025
- RAVENSCROFT SCHOOL INC EIN 56-6001583 · last filed 990 for 2025
- NC STATE ENGINEERING FOUNDATION INC EIN 56-6046987 · last filed 990 for 2025
- SHAW UNIVERSITY EIN 56-0530235 · last filed 990 for 2025