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Nonprofit · EIN 46-4192980

GATE CITY CHARTER ACADEMY INC

Tax-exempt (reinstated) · GREENSBORO, NC 27405

Financials

$8.4M$8.4M2022$8.8M$8.8M2023$9.2M$9.1M2024
Revenue Expenses · by fiscal year end
Financials of GATE CITY CHARTER ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,178,518$9,139,984$38,534$1,923,077$1,718,739$204,338
June 30, 2024990$8,798,424$8,758,477$39,947$1,614,080$1,448,276$165,804
June 30, 2023990$8,406,312$8,391,680$14,632$1,346,567$1,220,710$125,857
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,102,601
of which government grants
$9,102,601
Program service revenue
$40,917
Investment income
$0
Other revenue
$35,000

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$3,437,117
Salaries, compensation and benefits (total)
$4,212,684
Professional fundraising fees
$0
Accounting fees
$221,849
Occupancy
$1,788,053
Travel
$43,426
Program services (functional)
$7,631,732
Management and general (functional)
$1,508,252

Balance sheet and other

Total assets, start of year
$1,614,080
Total assets, end of year
$1,923,077
Total liabilities, end of year
$1,718,739
Net assets, end of year
$204,338
Land, buildings and equipment
$3,109
Net assets without donor restrictions
$13,388
Net assets with donor restrictions
$187,841
Gross receipts
$9,178,518
Employees
0
Volunteers
278
Year formed
2016
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.

NameTitleHours / weekCompensation
BRENTON BOYCETREASURER/SECRETARY
Trustee or director, Officer
1$0
INDIRA ROBERTSVICE PRESIDENT
Trustee or director, Officer
1$0
JEFF PHILLIPSPRESIDENT
Trustee or director, Officer
1$0
ASHLEY WILEY-LEWISDIRECTOR
Trustee or director
1$0
CYNDY HAYWORTHDIRECTOR
Trustee or director
1$0
STEPHANIE LAWSONDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensation
JEFF PHILLIPSPRESIDENT
Trustee or director, Officer
1$0
INDIRA ROBERTSVICE PRESIDENT
Trustee or director, Officer
1$0
BRENTON BOYCETREASURER/SECRETARY
Trustee or director, Officer
1$0
CYNDY HAYWORTHDIRECTOR
Trustee or director
1$0
STEPHANIE LAWSONDIRECTOR
Trustee or director
1$0
ASHLEE WILEYDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensation
JEFF PHILLIPSPRESIDENT
Trustee or director, Officer
1$0
INDIRA ROBERTSVICE PRESIDENT
Trustee or director, Officer
1$0
BRENTON BOYCETREASURER/SECRETARY
Trustee or director, Officer
1$0
CYNDY HAYWORTHDIRECTOR
Trustee or director
1$0
STEPHANIE LAWSONDIRECTOR
Trustee or director
1$0
ASHLEE WILEYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
123 FLEMINGFIELD RD, GREENSBORO, NC 27405-8625
In care of
% LAURA KNAUFF
Principal officer (990 for 2024)
JEFF PHILLIPS, 123 FLEMINGFIELD RD, GREENSBORO, NC 27405
Signed the 990
JEFF PHILLIPS, PRESIDENT
Phone
(616) 222-1700
Return prepared by
BDO USA

Mission

TO OPERATE A PUBLIC CHARTER SCHOOL AND TO PROVIDE EDUCATION TO CHILDREN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION.

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC SCHOOL ACADEMY. THE ACADEMY PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH SEVENTH GRADE. THE ACADEMY OPERATES UNDER A CHARTER APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION.
    Expenses $7,177,682 · revenue $75,917
  • OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC SCHOOL ACADEMY DESCRIBED ABOVE. THE ACADEMY OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE, IN THE AMOUNT OF $489,977.
    Expenses $454,050

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-4192980
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
2017
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$1,923,077
Income (IRS master file)
$9,178,518

Revocation and reinstatement

Exemption revoked
November 15, 2016
Posted by the IRS
March 1, 2017
Reinstated
Effective November 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,178,518$9,139,984$1,923,077XML
990June 2024$8,798,424$8,758,477$1,614,080XML
990June 2023$8,406,312$8,391,680$1,346,567XML
990June 2022$7,888,827$7,806,524$1,252,521IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 46-4192980).

Questions about GATE CITY CHARTER ACADEMY INC

What is the EIN of GATE CITY CHARTER ACADEMY INC?
The employer identification number (EIN) of GATE CITY CHARTER ACADEMY INC is 46-4192980.
Is GATE CITY CHARTER ACADEMY INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2016 and reinstated it effective November 15, 2016.
Are donations to GATE CITY CHARTER ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GATE CITY CHARTER 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 GATE CITY CHARTER ACADEMY 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 GATE CITY CHARTER ACADEMY 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 GATE CITY CHARTER ACADEMY INC?
The 990 for the year ended June 30, 2025 names JEFF PHILLIPS.
Who are the officers and directors of GATE CITY CHARTER ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does GATE CITY CHARTER ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,178,518, expenses of $9,139,984 and total assets of $1,923,077 at year end.

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