Nonprofit · EIN 27-1315350
CLASSICAL ACADEMIES CFA INC
Also known as LAKE LURE CLASSICAL ACADEMY CFA
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,101,604 | $6,106,991 | -$5,387 | $2,955,819 | $600,237 | $2,355,582 |
| June 30, 2024 | 990 | $5,670,976 | $6,120,345 | -$449,369 | $2,527,313 | $166,344 | $2,360,969 |
| June 30, 2023 | 990 | $6,734,210 | $5,726,351 | $1,007,859 | $3,096,714 | $286,376 | $2,810,338 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,865,239
- of which government grants
- $5,731,474
- Program service revenue
- $9,440
- Investment income
- $49,544
- Other revenue
- $177,381
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $196,795
- Other salaries and wages
- $3,163,540
- Salaries, compensation and benefits (total)
- $4,183,139
- Professional fundraising fees
- $0
- Legal fees
- $41,574
- Accounting fees
- $14,500
- Occupancy
- $121,163
- Travel
- $10,996
- Depreciation
- $99,764
- Program services (functional)
- $4,087,116
- Management and general (functional)
- $2,019,875
Balance sheet and other
- Total assets, start of year
- $2,527,313
- Total assets, end of year
- $2,955,819
- Total liabilities, end of year
- $600,237
- Net assets, end of year
- $2,355,582
- Land, buildings and equipment
- $976,757
- Net assets without donor restrictions
- $2,355,582
- Gross receipts
- $6,101,604
- Employees
- 99
- Volunteers
- 45
- Year formed
- 2009
- 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 |
|---|---|---|---|
| Barbara Cohen | Director Key employee | 40 | $112,780 |
| Mitchell McNeely | Finance Officer Key employee | 40 | $84,015 |
| Randy Nelson | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Hamann | Vice Chair Trustee or director | 5 | $0 |
| Art Montandon | Secretary Trustee or director | 1 | $0 |
| Kelly Bragdon | Director Trustee or director | 1 | $0 |
| Kate Sloss | Chair Trustee or director, Officer | 2 | $0 |
| Beth Gordon | Secretary Trustee or director | 2 | $0 |
| Terry James | Member Key employee | 40 | $0 |
| Susan Hamann | Member Key employee | 40 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Barbara Cohen | School Director Key employee | 40 | $106,675 | $0 |
| Mitchell McNeely | Finance Officer Key employee | 40 | $0 | $84,233 |
| Randy Nelson | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mark Hamann | Vice Chair Trustee or director | 5 | $0 | $0 |
| Art Montandon | Secretary Trustee or director | 1 | $0 | $0 |
| Kelly Bragdon | Member Trustee or director | 1 | $0 | $0 |
| Kate Sloss | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Beth Gordon | Secretary Trustee or director | 2 | $0 | $0 |
| Joan Lange | Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Barbara Cohen | School Director Key employee | 40 | $103,475 |
| Mitchell McNeely | Finance Officer Key employee | 40 | $79,966 |
| Jack Barton | Member Trustee or director | 2 | $0 |
| Randy Nelson | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Hamann | Member Trustee or director | 5 | $0 |
| Steve Milito | Member Trustee or director | 1 | $0 |
| Crystal Morrison | Secretary Trustee or director | 1 | $0 |
| Kelly Bragdon | Member Trustee or director | 1 | $0 |
| Kate Sloss | Chair Trustee or director, Officer | 2 | $0 |
| Beth Gordon | Member Trustee or director | 2 | $0 |
| Jackie Hampton | Member Trustee or director | 1 | $0 |
| Joan Lange | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % LAKELURE CLASSICAL ACADEMY
- Principal officer (990 for 2024)
- Kate Sloss, 1058 Island Creek Rd, Lake Lure, NC 28746
- Signed the 990
- Kate Sloss, Board Chair
- Phone
- (828) 625-9292
- Website
- www.llca.teamcfa.org
- Return prepared by
- Darrell L Keller CPA PA
Mission
Operate a public charter school to educate children in the community.
Program accomplishments
- Operate a public charter school.Expenses $4,087,116 · revenue $6,128,425
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
- 27-1315350
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $2,955,819
- Income (IRS master file)
- $6,101,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,101,604 | $6,106,991 | $2,955,819 | XML |
| 990 | June 2024 | $5,670,976 | $6,120,345 | $2,527,313 | XML |
| 990 | June 2023 | $6,734,210 | $5,726,351 | $3,096,714 | XML |
| 990 | June 2022 | $6,033,498 | $5,982,687 | $2,066,749 | 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 27-1315350).
Questions about CLASSICAL ACADEMIES CFA INC
- What is the EIN of CLASSICAL ACADEMIES CFA INC?
- The employer identification number (EIN) of CLASSICAL ACADEMIES CFA INC is 27-1315350.
- Is CLASSICAL ACADEMIES CFA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CLASSICAL ACADEMIES CFA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLASSICAL ACADEMIES CFA 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 CLASSICAL ACADEMIES CFA INC 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 CLASSICAL ACADEMIES CFA INC 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 CLASSICAL ACADEMIES CFA INC?
- The 990 for the year ended June 30, 2025 names Kate Sloss.
- Who are the officers and directors of CLASSICAL ACADEMIES CFA INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $112,780 (Barbara Cohen, Director).
- How much revenue does CLASSICAL ACADEMIES CFA INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,101,604, expenses of $6,106,991 and total assets of $2,955,819 at year end.
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All nonprofits in RUTHERFORDTON · North Carolina · Education