Nonprofit · EIN 46-5038550
EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY
Tax-exempt · DURHAM, NC 27704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $14,018,374 | $14,145,874 | -$127,500 | $37,580,217 | $35,022,025 | $2,558,192 |
| June 30, 2024 | 990 | $13,334,790 | $13,670,708 | -$335,918 | $38,025,757 | $35,340,065 | $2,685,692 |
| June 30, 2023 | 990 | $13,356,996 | $12,386,671 | $970,325 | $39,549,334 | $36,527,724 | $3,021,610 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $13,508,601
- of which government grants
- $13,487,123
- Program service revenue
- $0
- Investment income
- $43,666
- Other revenue
- $466,107
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $278,134
- Other salaries and wages
- $6,578,548
- Salaries, compensation and benefits (total)
- $8,442,476
- Professional fundraising fees
- $0
- Legal fees
- $13,106
- Accounting fees
- $8,625
- Occupancy
- $268,714
- Depreciation
- $1,211,493
- Program services (functional)
- $8,739,778
- Management and general (functional)
- $5,406,096
Balance sheet and other
- Total assets, start of year
- $38,025,757
- Total assets, end of year
- $37,580,217
- Total liabilities, end of year
- $35,022,025
- Net assets, end of year
- $2,558,192
- Land, buildings and equipment
- $28,996,172
- Net assets without donor restrictions
- $2,558,192
- Gross receipts
- $14,018,374
- Employees
- 212
- Volunteers
- 65
- 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 |
|---|---|---|---|
| Cynthia Gadol | School Director Key employee, Highest-paid employee | 40 | $103,346 |
| Kim Carpenter | Finance Manager Key employee | 40 | $96,757 |
| Vickie Tibbs Gunto | Treasurer Trustee or director, Officer | 1 | $0 |
| Scott Sipe | President Trustee or director, Officer | 1 | $0 |
| Tia Barnes | Vice President Trustee or director, Officer | 1 | $0 |
| Jennifer Guy | Director Trustee or director | 1 | $0 |
| Oshrat Doriocourt | Director Trustee or director | 1 | $0 |
| Crystal Scillitani | Secretary Trustee or director, Officer | 1 | $0 |
| Whitney Dail | Member Trustee or director | 1 | $0 |
| Tammy Rodman | Member Trustee or director | 1 | $0 |
| Rodney Whitaker | Director Trustee or director | 1 | $0 |
| Christian Heijmen | Director Trustee or director | 1 | $0 |
| Corey Hawley | Member Trustee or director | 1 | $0 |
| Sherri Swan-Nesbit | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia Gadol | School Director Key employee, Highest-paid employee | 40 | $100,847 |
| Kim Carpenter | Finance Manager Key employee | 40 | $85,889 |
| Vickie Tibbs Gunto | Treasurer Trustee or director, Officer | 1 | $0 |
| Scott Sipe | President Trustee or director, Officer | 1 | $0 |
| Tia Barnes | Vice President Trustee or director, Officer | 1 | $0 |
| Jennifer Guy | Director Trustee or director | 1 | $0 |
| Oshrat Doriocourt | Director Trustee or director | 1 | $0 |
| Crystal Scillitani | Secretary Trustee or director, Officer | 1 | $0 |
| Whitney Dail | Member Trustee or director | 1 | $0 |
| Tammy Rodman | Member Trustee or director | 1 | $0 |
| Rodney Whitaker | Director Trustee or director | 1 | $0 |
| Christian Heijmen | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia Gadol | School Director Key employee, Highest-paid employee | 40 | $94,683 |
| Kim Carpenter | Finance Manager Key employee | 40 | $84,062 |
| Vickie Tibbs Gunto | Treasurer Trustee or director, Officer | 1 | $0 |
| Scott Sipe | President Trustee or director, Officer | 1 | $0 |
| Monica Gainey | Vice President Trustee or director, Officer | 1 | $0 |
| Jennifer Guy | Director Trustee or director | 1 | $0 |
| Tia Barnes | Director Trustee or director | 1 | $0 |
| Trayce Butler | Director Trustee or director | 1 | $0 |
| Crystal Scillitani | Secretary Trustee or director, Officer | 1 | $0 |
| Rodney Whitaker | Director Trustee or director | 1 | $0 |
| Christian Heijmen | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4100 N ROXBORO ST, DURHAM, NC 27704-2122
- In care of
- % CYNTHIA GADOL
- Principal officer (990 for 2024)
- Scott Sipe, 4100 N Roxboro St, Durham, NC 27704
- Signed the 990
- Scott Sipe, President
- Phone
- (850) 228-4987
- Website
- excelsiorca.org
- Return prepared by
- Darrell L Keller CPA PA
Mission
The opertion of a public charter school for the education of children.
Program accomplishments
- To provide a quality education for students.Expenses $8,739,778 · revenue $14,018,374
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
- 46-5038550
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $37,580,217
- Income (IRS master file)
- $14,018,374
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $14,018,374 | $14,145,874 | $37,580,217 | IRS |
| 990 | June 2024 | $13,334,790 | $13,670,708 | $38,025,757 | IRS |
| 990 | June 2023 | $13,356,996 | $12,386,671 | $39,549,334 | XML |
| 990 | June 2022 | $11,053,421 | $11,158,248 | $36,744,828 | 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 46-5038550).
Questions about EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY
- What is the EIN of EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY?
- The employer identification number (EIN) of EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY is 46-5038550.
- Is EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION 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 EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION 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 EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION 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 EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY?
- The 990 for the year ended June 30, 2025 names Scott Sipe.
- Who are the officers and directors of EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY?
- The 990 for the year ended June 30, 2025 lists 14 people; 2 received compensation from the organization, the highest $103,346 (Cynthia Gadol, School Director).
- How much revenue does EXCELSIOR CLASSICAL ACADEMY - A CHALLENGE FOUNDATION ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $14,018,374, expenses of $14,145,874 and total assets of $37,580,217 at year end.
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