Nonprofit · EIN 23-7423031
A J FLETCHER FOUNDATION
Tax-exempt · RALEIGH, NC 27605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,098,985 | $10,308,195 | $1,790,790 | $279,221,023 | $103,408 | $279,117,615 |
| December 31, 2023 | 990 | $6,065,550 | $8,073,377 | -$2,007,827 | $263,837,938 | $46,980 | $263,790,958 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $12,149,563
- Net rental income
- -$50,578
- Net gain from sales of assets
- $4,065,755
- Other revenue
- -$50,578
Expenses
- Grants and similar amounts paid
- $8,833,250
- Compensation of officers, directors and key employees
- $262,483
- Other salaries and wages
- $150,605
- Salaries, compensation and benefits (total)
- $518,641
- Professional fundraising fees
- $0
- Legal fees
- $47,944
- Accounting fees
- $107,164
- Occupancy
- $101,780
- Travel
- $4,292
- Depreciation
- $90,379
- Program services (functional)
- $9,321,622
- Management and general (functional)
- $986,573
Balance sheet and other
- Total assets, start of year
- $263,837,938
- Total assets, end of year
- $279,221,023
- Total liabilities, end of year
- $103,408
- Net assets, end of year
- $279,117,615
- Land, buildings and equipment
- $8,516,112
- Publicly traded securities
- $219,288,630
- Net assets without donor restrictions
- $279,117,615
- Gross receipts
- $48,442,220
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1975
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAMON J CIRCOSTA | V.P/ EXEC. DIR./ASST SECRE Officer | 40 | $219,205 | $43,278 |
| NICOLE STEWART | DIRECTOR OF ENGAGMENT Highest-paid employee | 40 | $111,019 | $11,102 |
| JAMES F GOODMON | CHAIRMAN OF THE BOARD Trustee or director | 2 | $0 | $0 |
| BETH BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA SPAULDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GOODMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES F GOODMON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG PATTERSON | DIRECTOR/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| STEVE HAMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL P MCGRATH | TREASURER/SECRETARY Officer | 1 | $0 | $0 |
| BARBARA L GOODMON | PRESIDENT Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAMON J CIRCOSTA | V.P/ EXEC. DIR./ASST SECRE Officer | 40 | $209,321 | $43,989 |
| JAMES F GOODMON | CHAIRMAN OF THE BOARD Trustee or director | 2 | $0 | $0 |
| BETH BRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIA SPAULDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL GOODMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES F GOODMON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GREG PATTERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE HAMMEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DANIEL P MCGRATH | TREASURER/SECRETARY Officer | 3 | $0 | $0 |
| BARBARA L GOODMON | PRESIDENT Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 909 GLENWOOD AVE, RALEIGH, NC 27605-1511
- In care of
- % THE FLETCHER ACADEMY
- Principal officer (990 for 2024)
- DAMON J CIRCOSTA, 909 GLENWOOD AVENUE, RALEIGH, NC 27605
- Signed the 990
- DAMON J CIRCOSTA, VICE PRESIDENT/EXECUTIVE DIRECTOR
- Phone
- (919) 322-2580
- Website
- WWW.AJF.ORG
- Return prepared by
- WILLIAMS OVERMAN PIERCE LLP
Mission
SEE SCHEDULE OTHE A.J. FLETCHER FOUNDATION OPERATES FOR THE EXCLUSIVE BENEFIT OF THE FLETCHER ACADEMY, SCHOOL OF ACHIEVEMENT, INC. AND IN FURTHERANCE OF A PURPOSE OF THE FLETCHER ACADEMY, A DESIGNATED CLASS OF OTHER CHARITABLE ORGANIZATIONS. THROUGH ITS GRANTS, THE FOUNDATION SUPPORTS THE FLETCHER ACADEMY AND OTHER PUBLIC CHARITIES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS THAT HAVE AS ONE OF THEIR PURPOSES THE CARE OR SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, THE PROMOTION OF EDUCATION, ARTISTIC ENDEAVORS, COMMUNICATION ARTS, OR PUBLIC RECREATION OR THE FOSTERING OF RELIGIOUS FAITH.
Program accomplishments
- THE A.J. FLETCHER FOUNDATION IS A SUPPORTING ORGANIZATION FOR THE FLETCHER ACADEMY SCHOOL OF ACHIEVEMENT, INC., SERVING NORTH CAROLINA AS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL WITH OVER 200 STUDENTS IN GRADES 1-12 WITH LEARNING DISABILITIES AND/OR ATTENTION DEFICIT DISORDERS. THE ACADEMY HELPS THESE SPECIAL STUDENTS MASTER BASIC ACADEMIC AND SOCIAL SKILLS WHILE INSTILLING IN THEM A POSITIVE SENSE OF THEIR OWN RESPONSIBILITY FOR LEARNING. THE SCHOOL IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS.Expenses $2,675,000 · grants $2,675,000
- IN KEEPING WITH ITS MISSION OF SUPPORTING CHARITABLE ORGANIZATIONS WITH CERTAIN PURPOSES LOCATED IN NORTH CAROLINA OR SERVING NORTH CAROLINA RESIDENTS, THE A.J. FLETCHER FOUNDATION MADE GRANTS TOTALING $6,158,250 TO CHARITABLE ORGANIZATIONS INVOLVED IN THE SUPPORT OF THE ELDERLY, INFIRM OR INDIGENT, IN EDUCATION, IN ARTISTIC ENDEAVORS, IN COMMUNICATION ARTS, IN PUBLIC RECREATION, AND IN FOSTERING RELIGIOUS FAITH. SEE ALSO SCHEDULE I, FOR A DETAILED LIST OF ALL GRANTS PAID IN 2024.Expenses $6,646,622 · grants $6,158,250
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7423031
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $279,221,023
- Income (IRS master file)
- $48,442,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,098,985 | $10,308,195 | $279,221,023 | IRS |
| 990 | December 2023 | $6,065,550 | $8,073,377 | $263,837,938 | XML |
| 990 | December 2022 | $103,189,395 | $8,049,293 | $240,226,445 | IRS |
| 990 | December 2021 | $53,698,336 | $16,213,183 | $168,653,502 | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | 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 23-7423031).
Questions about A J FLETCHER FOUNDATION
- What is the EIN of A J FLETCHER FOUNDATION?
- The employer identification number (EIN) of A J FLETCHER FOUNDATION is 23-7423031.
- Is A J FLETCHER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to A J FLETCHER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does A J FLETCHER FOUNDATION 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 A J FLETCHER FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did A J FLETCHER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of A J FLETCHER FOUNDATION?
- The 990 for the year ended December 31, 2024 names DAMON J CIRCOSTA.
- Who are the officers and directors of A J FLETCHER FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $219,205 (DAMON J CIRCOSTA, V.P/ EXEC. DIR./ASST SECRE).
- How much revenue does A J FLETCHER FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,098,985, expenses of $10,308,195 and total assets of $279,221,023 at year end.
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