Nonprofit · EIN 23-7005337
ROCKY MOUNT ACADEMY
Tax-exempt · ROCKY MOUNT, NC 27803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,971,896 | $8,688,627 | $2,283,269 | $10,299,596 | $2,377,717 | $7,921,879 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,451,722
- of which government grants
- $1,824,512
- Program service revenue
- $7,593,170
- Investment income
- $846,608
- Net rental income
- $8,818
- Net gain from sales of assets
- $181,738
- Net income from fundraising events
- -$22,484
- Other revenue
- $80,396
Expenses
- Grants and similar amounts paid
- $1,433,276
- Compensation of officers, directors and key employees
- $326,625
- Other salaries and wages
- $3,936,973
- Salaries, compensation and benefits (total)
- $5,088,227
- Professional fundraising fees
- $0
- Accounting fees
- $296,041
- Occupancy
- $289,601
- Depreciation
- $365,737
- Program services (functional)
- $8,041,991
- Management and general (functional)
- $442,451
- Fundraising (functional)
- $204,185
Balance sheet and other
- Total assets, start of year
- $7,826,450
- Total assets, end of year
- $10,299,596
- Total liabilities, end of year
- $2,377,717
- Net assets, end of year
- $7,921,879
- Land, buildings and equipment
- $4,658,978
- Publicly traded securities
- $3,181,028
- Net assets without donor restrictions
- $4,913,991
- Net assets with donor restrictions
- $3,007,888
- Gross receipts
- $11,071,979
- Employees
- 168
- Volunteers
- 74
- Year formed
- 1968
- 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 |
|---|---|---|---|
| BETH COVOLO | HEADMASTER Officer | 40 | $216,655 |
| PATSY BRADLEY | FORMER FINANCE OFFICER Former | 40 | $109,970 |
| LESLIE PASZEK | CHAIRMAN Trustee or director | 2 | $0 |
| WILLIAM ROEDER | VICE CHAIRMAN Trustee or director | 2 | $0 |
| SARAH DIXON | SECRETARY Trustee or director | 2 | $0 |
| BRICE ANDRACCHIO | TREASURER Trustee or director | 2 | $0 |
| TREY THORNE | TRUSTEE Trustee or director | 1 | $0 |
| BRUCE BERRY | TRUSTEE Trustee or director | 1 | $0 |
| STEVEN CALHOUN | TRUSTEE Trustee or director | 1 | $0 |
| JOSIE DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| EVAN DUFF | TRUSTEE Trustee or director | 1 | $0 |
| SHARON EDWARDS | TRUSTEE Trustee or director | 1 | $0 |
| KATHERINE FISHER | TRUSTEE Trustee or director | 1 | $0 |
| THERESA GILMORE | TRUSTEE Trustee or director | 1 | $0 |
| MEARS PITT | TRUSTEE Trustee or director | 1 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATTHEW REAMS | TRUSTEE Trustee or director | 1 | $0 |
| HOWARD STEVENS | TRUSTEE Trustee or director | 1 | $0 |
| BRICE ANDRACCHIO | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1313 AVONDALE AVE, ROCKY MOUNT, NC 27803-1308
- Principal officer (990 for 2024)
- BETH COVOLO, 1313 AVONDALE AVENUE, ROCKY MOUNT, NC 27803
- Signed the 990
- BETH COVOLO, HEAD OF SCHOOL
- Phone
- (252) 443-4126
- Return prepared by
- DUNCAN ASHE PA
Mission
ROCKY MOUNT ACADEMY IS AN INDEPENDENT SCHOOL WITH THE MISSION TO PREPARE ITS STUDENTS FOR THE CHALLENGES, OPPORTUNITIES, AND RESPONSIBILITIES THAT THEY WILL ENCOUNTER IN LIFE AND COLLEGE.
Program accomplishments
- OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 496 STUDENTS FROM PRE-K THROUGH 12TH GRADE.Expenses $8,041,991 · grants $1,433,276 · revenue $7,593,170
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
- 23-7005337
- 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
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $10,299,596
- Income (IRS master file)
- $11,071,979
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,254,637 | $7,315,088 | $7,671,943 | IRS |
| 990 | June 2023 | $6,533,116 | $6,493,256 | $7,805,713 | IRS |
| 990 | June 2022 | $7,236,904 | $7,254,804 | $7,682,754 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 ROCKY MOUNT ACADEMY
- What is the EIN of ROCKY MOUNT ACADEMY?
- The employer identification number (EIN) of ROCKY MOUNT ACADEMY is 23-7005337.
- Is ROCKY MOUNT ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to ROCKY MOUNT ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ROCKY MOUNT 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 ROCKY MOUNT 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 ROCKY MOUNT 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 ROCKY MOUNT ACADEMY?
- The 990 for the year ended June 30, 2025 names BETH COVOLO.
- Who are the officers and directors of ROCKY MOUNT ACADEMY?
- The 990 for the year ended June 30, 2025 lists 18 people; 2 received compensation from the organization, the highest $216,655 (BETH COVOLO, HEADMASTER).
- How much revenue does ROCKY MOUNT ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,971,896, expenses of $8,688,627 and total assets of $10,299,596 at year end.
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