Nonprofit · EIN 47-4549510
NORTH CAROLINA LEARNS INC
Also known as NORTH CAROLINA VIRTUAL ACADEMY
Tax-exempt (reinstated) · DURHAM, NC 27713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $38,147,825 | $33,973,773 | $4,174,052 | $17,847,684 | $1,324,970 | $16,522,714 |
| June 30, 2024 | 990 | $31,563,893 | $26,809,771 | $4,754,122 | $13,318,031 | $967,689 | $12,350,342 |
| June 30, 2023 | 990 | $26,443,841 | $25,426,056 | $1,017,785 | $9,119,531 | $1,525,752 | $7,593,779 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $37,685,271
- of which government grants
- $37,685,271
- Program service revenue
- $0
- Investment income
- $193,841
- Other revenue
- $268,713
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $130,729
- Other salaries and wages
- $11,495,804
- Salaries, compensation and benefits (total)
- $14,675,025
- Professional fundraising fees
- $0
- Legal fees
- $23,500
- Accounting fees
- $23,437
- Occupancy
- $4,036
- Travel
- $85,043
- Depreciation
- $220,176
- Program services (functional)
- $31,130,591
- Management and general (functional)
- $2,843,182
Balance sheet and other
- Total assets, start of year
- $13,318,031
- Total assets, end of year
- $17,847,684
- Total liabilities, end of year
- $1,324,970
- Net assets, end of year
- $16,522,714
- Land, buildings and equipment
- $436,800
- Publicly traded securities
- $4,316,579
- Net assets without donor restrictions
- $16,522,714
- Gross receipts
- $38,147,825
- Employees
- 229
- Volunteers
- 6
- Year formed
- 2012
- 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 |
|---|---|---|---|
| SARA STRUHS | EXECUTIVE DIRECTOR Officer | 40 | $130,729 |
| WALTER MARTIN | CHAIR Trustee or director, Officer | 3 | $0 |
| CHRIS FARRELL | VICE CHAIR Trustee or director, Officer | 3 | $0 |
| DR STEVE MOODY | TREASURER Trustee or director, Officer | 3 | $0 |
| NATALIE WRIGHT | SECRETARY Trustee or director, Officer | 3 | $0 |
| MARK FLEMING | BOARD MEMBER Trustee or director | 3 | $0 |
| MARCIA SIMMONS | BOARD MEMBER Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SARA STRUHS | EXECUTIVE DIRECTOR Officer | 40 | $114,411 |
| BRENDA ROBERTSON | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DR STEVEN PETERS | TREASURER Trustee or director, Officer | 3 | $0 |
| MARK FLEMING | SECRETARY Trustee or director, Officer | 3 | $0 |
| CHRIS FAERRELL | MEMBER Trustee or director | 3 | $0 |
| NATALIE WRIGHT | MEMBER Trustee or director | 3 | $0 |
| DR STEVE MOODY | MEMBER Trustee or director | 3 | $0 |
| MARCIA SIMMONS | MEMBER Trustee or director | 3 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS FARRELL | DIRECTOR Trustee or director | 1 | $0 |
| MARK FLEMING | SECRETARY Trustee or director, Officer | 1 | $0 |
| WALTER MARTIN | VICE CHAIR Trustee or director | 1 | $0 |
| DR STEVEN PETERS | TREASURER Trustee or director, Officer | 1 | $0 |
| BRENDA ROBERTSON | CHAIR OF THE Trustee or director, Officer | 1 | $0 |
| SARA STRUHS | EXECUTIVE DI Trustee or director, Officer | 1 | $0 |
| NATALIE WRIGHT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4220 NC HIGHWAY 55 STE 130, DURHAM, NC 27713-0000
- In care of
- % JOEL E MEDLEY
- Principal officer (990 for 2024)
- SARA STRUHS, 4220 NC HWY 55 STE 130, DURHAM, NC 27713
- Signed the 990
- SARA STRUHS, EXECUTIVE DIRECTOR
- Phone
- (919) 346-0121
- Website
- WWW.NCVA.K12.COM
- Return prepared by
- SHARPE PATEL CPA
Mission
NORTH CAROLINA VIRTUAL ACADEMY IS A COMMUNITY OF STUDENTS, FAMILIES, AND EDUCATORS DEDICATED TO EXPANDING EDUCATIONAL CHOICE THROUGH INNOVATIVE, TECHNOLOGY-RICH INSTRUCTIONAL PRACTICES. THE ACADEMY IS COMMITTED TO DEVELOPING EACH STUDENT'S FULL POTENTIAL FOR ACADEMIC AND POST-SECONDARY SUCCESS.
Program accomplishments
- PROVIDED EDUCATION TO APPROXIMATELY 3,618 STUDENTS IN A VIRTUAL SETTING FOR THE FISCAL YEAR ENDED JUNE 30, 2025.Expenses $31,130,591 · revenue $268,713
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
- 47-4549510
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $17,847,684
- Income (IRS master file)
- $38,147,825
Revocation and reinstatement
- Exemption revoked
- November 15, 2014
- Posted by the IRS
- January 5, 2017
- Reinstated
- Effective May 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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $38,147,825 | $33,973,773 | $17,847,684 | IRS |
| 990 | June 2024 | $31,563,893 | $26,809,771 | $13,318,031 | IRS |
| 990 | June 2023 | $26,443,841 | $25,426,056 | $9,119,531 | XML |
| 990 | June 2022 | $27,525,464 | $25,473,898 | $7,560,116 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 47-4549510).
Questions about NORTH CAROLINA LEARNS INC
- What is the EIN of NORTH CAROLINA LEARNS INC?
- The employer identification number (EIN) of NORTH CAROLINA LEARNS INC is 47-4549510.
- Is NORTH CAROLINA LEARNS INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2014 and reinstated it effective May 15, 2016.
- Are donations to NORTH CAROLINA LEARNS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA LEARNS 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 NORTH CAROLINA LEARNS 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 NORTH CAROLINA LEARNS 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 NORTH CAROLINA LEARNS INC?
- The 990 for the year ended June 30, 2025 names SARA STRUHS.
- Who are the officers and directors of NORTH CAROLINA LEARNS INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $130,729 (SARA STRUHS, EXECUTIVE DIRECTOR).
- How much revenue does NORTH CAROLINA LEARNS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $38,147,825, expenses of $33,973,773 and total assets of $17,847,684 at year end.
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