Nonprofit · EIN 46-4248852
BONNIE CONE CLASSICAL ACADEMY INC
Tax-exempt · HUNTERSVILLE, NC 28078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $27,882,125 | $32,524,676 | -$4,642,551 | $152,200,373 | $157,821,496 | -$5,621,123 |
| June 30, 2024 | 990 | $18,232,383 | $23,301,967 | -$5,069,584 | $83,260,600 | $84,239,172 | -$978,572 |
| June 30, 2023 | 990 | $9,504,047 | $7,905,759 | $1,598,288 | $21,235,380 | $18,172,866 | $3,062,514 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,271,418
- of which government grants
- $22,025,093
- Program service revenue
- $544,075
- Investment income
- $303,922
- Net rental income
- $2,031,457
- Other revenue
- $3,762,710
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $10,128,923
- Salaries, compensation and benefits (total)
- $11,842,440
- Professional fundraising fees
- $0
- Legal fees
- $166,970
- Accounting fees
- $19,000
- Occupancy
- $817,632
- Travel
- $135,127
- Depreciation
- $5,323,538
- Program services (functional)
- $21,080,871
- Management and general (functional)
- $11,443,805
Balance sheet and other
- Total assets, start of year
- $83,260,600
- Total assets, end of year
- $152,200,373
- Total liabilities, end of year
- $157,821,496
- Net assets, end of year
- -$5,621,123
- Land, buildings and equipment
- $67,174,496
- Net assets without donor restrictions
- -$16,027,423
- Net assets with donor restrictions
- $10,406,300
- Gross receipts
- $27,882,125
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2013
- 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 |
|---|---|---|---|
| MARTIN MCCARTHY | CHAIR Trustee or director, Officer | 4 | $0 |
| BRIAN PUCKETT | VICE CHAIR / TREASURER Trustee or director, Officer | 4 | $0 |
| STEPHANIE NEWBROUGH | SECRETARY Trustee or director, Officer | 4 | $0 |
| WILLIAM MILLS III ESQ | DIRECTOR Trustee or director | 2 | $0 |
| JUDY RUSSO | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTIN MCCARTHY | CHAIR Trustee or director, Officer | 4 | $0 |
| BRIAN PUCKETT | VICE CHAIR / TREASURER Trustee or director, Officer | 4 | $0 |
| KYLE KING | SECRETARY Trustee or director, Officer | 4 | $0 |
| WILLIAM MILLS | DIRECTOR Trustee or director | 2 | $0 |
| STEPHANIE NEWBROUGH | DIRECTOR Trustee or director | 2 | $0 |
| JUDY RUSSO | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Jennifer Mognett | Executive Director Key employee | 40 | $0 | $53,750 |
| Zemonica Cuthbertson | Ofiice Manager Key employee | 40 | $38,361 | $0 |
| Martin McCarthy | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Brian Puckett | Vice Chair/Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Kyle King | Secretary Trustee or director, Officer | 4 | $0 | $0 |
| William Mills | Member Trustee or director | 2 | $0 | $0 |
| Stephanie Newbrough | Member Trustee or director | 2 | $0 | $0 |
| Judy Russo | Member Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10700 ASBURY CHAPEL RD, HUNTERSVILLE, NC 28078-4622
- Principal officer (990 for 2024)
- MARTIN MCCARTHY, 10700 ASBURY CHAPEL ROAD, HUNTERSVILLE, NC 28078
- Signed the 990
- MARTIN MCCARTHY, CHAIR
- Phone
- (704) 948-4439
- Website
- BONNIECONE.ORG/CLASSICAL
- Return prepared by
- SHARPE PATEL CPA
Mission
THE OPERATION OF A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN IN THE COMMUNITY.
Program accomplishments
- OPERATION OF TWO PUBLIC CHARTER SCHOOLS:BONNIE CONE CLASSICAL ACADEMY, INC. SERVED APPROXIMATELY 651 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30, 2025, PROVIDING EDUCATION TO CHILDREN IN THE COMMUNITY.BONNIE CONE LEADERSHIP ACADEMY, INC. SERVED APPROXIMATELY 1,267 STUDENTS DURING THE SAME FISCAL YEAR, ALSO PROVIDING EDUCATION TO CHILDREN IN THE COMMUNITY.Expenses $21,080,871 · revenue $2,616,290
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
- 46-4248852
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $152,200,373
- Income (IRS master file)
- $27,882,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $27,882,125 | $32,524,676 | $152,200,373 | IRS |
| 990 | June 2024 | $18,232,383 | $23,301,967 | $83,260,600 | XML |
| 990 | June 2023 | $9,504,047 | $7,905,759 | $21,235,380 | XML |
| 990 | June 2022 | $8,882,059 | $7,951,755 | $19,451,229 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 46-4248852).
Questions about BONNIE CONE CLASSICAL ACADEMY INC
- What is the EIN of BONNIE CONE CLASSICAL ACADEMY INC?
- The employer identification number (EIN) of BONNIE CONE CLASSICAL ACADEMY INC is 46-4248852.
- Is BONNIE CONE CLASSICAL ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BONNIE CONE CLASSICAL ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BONNIE CONE CLASSICAL 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 BONNIE CONE CLASSICAL 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 BONNIE CONE CLASSICAL 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 BONNIE CONE CLASSICAL ACADEMY INC?
- The 990 for the year ended June 30, 2025 names MARTIN MCCARTHY.
- Who are the officers and directors of BONNIE CONE CLASSICAL ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does BONNIE CONE CLASSICAL ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $27,882,125, expenses of $32,524,676 and total assets of $152,200,373 at year end.
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