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Nonprofit · EIN 22-2602110

CARAVEL ACADEMY INC

Tax-exempt · BEAR, DE 19701

Financials

$13.5M$12.6M2024
Revenue Expenses · by fiscal year end
Financials of CARAVEL ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$13,546,152$12,574,849$971,303$20,298,101$2,340,933$17,957,168
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$41,450
Program service revenue
$13,306,865
Investment income
$197,837
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$220,792
Other salaries and wages
$6,768,918
Salaries, compensation and benefits (total)
$8,470,002
Professional fundraising fees
$0
Legal fees
$990
Accounting fees
$28,762
Occupancy
$1,693,551
Depreciation
$666,025
Program services (functional)
$11,974,487
Management and general (functional)
$600,362

Balance sheet and other

Total assets, start of year
$17,470,507
Total assets, end of year
$20,298,101
Total liabilities, end of year
$2,340,933
Net assets, end of year
$17,957,168
Land, buildings and equipment
$5,399,004
Publicly traded securities
$5,962,141
Net assets without donor restrictions
$17,957,168
Gross receipts
$13,546,152
Employees
277
Year formed
1979
State of legal domicile
DE

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 August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
George G LameyHead of School
Officer
40$134,333
Carol P ManubayFinOfficer/SecT
Trustee or director, Officer
50$86,459
Dorothy M PeoplesPresident
Trustee or director, Officer
10$0
Robert C PeoplesVice President
Trustee or director, Officer
10$0
Harrison B PeoplesVice President
Trustee or director, Officer
10$0
Paul S ManubayVice President
Trustee or director, Officer
10$0
W Thomas PeoplesVice President
Trustee or director, Officer
10$0

Address and contacts

Address (IRS master file)
2801 DEL LAWS RD, BEAR, DE 19701-1723
Signed the 990
Carol Manubay, FINANCE OFFICER
Phone
(302) 834-8938
Return prepared by
Gitomer & Berenholz PC

Mission

Caravel Academy, a private college preparatory school, upholds the values of honesty, personal integrity and good sportsmanship. Caravel Academy is a coeducational non-profit school of approximately 1200 pupils.

990 for the year ended August 31, 2025

Program accomplishments

  • Private school education. Grades PN-12. 1198 students in 2024-2025 school year.
    Expenses $11,974,487

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
22-2602110
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
1985
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B200)
Assets (IRS master file)
$20,298,101
Income (IRS master file)
$13,546,152

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025–––IRS
990August 2024–––IRS
990August 2023$11,340,547$10,820,072$15,888,758IRS
990August 2022$10,540,566$10,523,627$14,425,391IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2019–––IRS
990August 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about CARAVEL ACADEMY INC

What is the EIN of CARAVEL ACADEMY INC?
The employer identification number (EIN) of CARAVEL ACADEMY INC is 22-2602110.
Is CARAVEL ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to CARAVEL ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CARAVEL ACADEMY INC 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 CARAVEL ACADEMY INC due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CARAVEL ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who are the officers and directors of CARAVEL ACADEMY INC?
The 990 for the year ended August 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $134,333 (George G Lamey, Head of School).
How much revenue does CARAVEL ACADEMY INC have?
On its 990 for the year ended August 31, 2025 it reported revenue of $13,546,152, expenses of $12,574,849 and total assets of $20,298,101 at year end.

Other nonprofits in BEAR

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