Nonprofit · EIN 56-0530248
ASHEVILLE SCHOOL INCORPORATED
Tax-exempt · ASHEVILLE, NC 28806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,685,887 | $27,229,810 | $1,456,077 | $124,772,092 | $12,553,274 | $112,218,818 |
| June 30, 2024 | 990 | $26,314,247 | $26,445,700 | -$131,453 | $115,578,272 | $6,345,158 | $109,233,114 |
| June 30, 2023 | 990 | $22,922,388 | $23,801,064 | -$878,676 | $112,516,620 | $6,741,358 | $105,775,262 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,665,521
- Program service revenue
- $21,475,693
- Investment income
- $3,336,871
- Net rental income
- $72,613
- Net gain from sales of assets
- $1,623,057
- Net income from sales of inventory
- $37,156
- Other revenue
- $207,802
Expenses
- Grants and similar amounts paid
- $4,848,647
- Compensation of officers, directors and key employees
- $964,988
- Other salaries and wages
- $7,682,112
- Salaries, compensation and benefits (total)
- $12,193,162
- Professional fundraising fees
- $0
- Legal fees
- $40,272
- Accounting fees
- $48,650
- Occupancy
- $2,115,137
- Travel
- $207,069
- Depreciation
- $2,142,919
- Program services (functional)
- $21,749,016
- Management and general (functional)
- $3,956,327
- Fundraising (functional)
- $1,524,467
Balance sheet and other
- Total assets, start of year
- $115,578,272
- Total assets, end of year
- $124,772,092
- Total liabilities, end of year
- $12,553,274
- Net assets, end of year
- $112,218,818
- Land, buildings and equipment
- $25,765,235
- Publicly traded securities
- $65,369,092
- Net assets without donor restrictions
- $32,814,689
- Net assets with donor restrictions
- $79,404,129
- Gross receipts
- $41,661,684
- Employees
- 144
- Volunteers
- 55
- Year formed
- 1900
- 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 | Other / benefits |
|---|---|---|---|---|
| ANTHONY SGRO | HEAD OF SCHOOL Officer | 50 | $541,051 | $56,851 |
| SCOTT MILLER | SCHOOL COUNSELOR Highest-paid employee | 40 | $121,083 | $78,031 |
| ASHLY MAAG | DIRECTOR OF ADVANCEMENT Highest-paid employee | 40 | $160,382 | $30,683 |
| SHANNON CARMACK | ASSOCIATE DIR OF ADMISSION Highest-paid employee | 40 | $102,980 | $86,312 |
| BETH MCWILLIAMS | CFOO Officer | 40 | $137,667 | $50,216 |
| JONATHAN SCHWAB | ASSOCIATE HEAD OF SCHOOL Highest-paid employee | 40 | $124,373 | $47,595 |
| INNES BOLAND | ASSISTANT HEAD OF SCHOOL Highest-paid employee | 40 | $120,232 | $23,313 |
| ARCH MONTGOMERY | FORMER HEAD OF SCHOOL Former | 0 | $141,419 | $0 |
| THOMAS H SHORES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LARA GLASS | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT E SHEALY | CO-VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOS ANTONIO GONZLEZ ANAYA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALEX J HAGAN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CASEY GALLAGHER | TRUSTEE Trustee or director | 1 | $0 | $0 |
| REV DANA CORSELLO | TRUSTEE Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEXTER V PERRY | TRUSTEE Trustee or director | 1 | $0 |
| ELIZABETH P EWING | TRUSTEE Trustee or director | 1 | $0 |
| GAITHER DEATON | TRUSTEE Trustee or director | 1 | $0 |
| GUY DIXON | TRUSTEE Trustee or director | 1 | $0 |
| HYDE RUSSELL | TRUSTEE Trustee or director | 1 | $0 |
| JEAN GRAHAM KELLER | TRUSTEE Trustee or director | 1 | $0 |
| JOSH SHORES | TRUSTEE Trustee or director | 1 | $0 |
| MARCELLUS C PARKER | TRUSTEE Trustee or director | 1 | $0 |
| MARGARET BRADLEY | TRUSTEE Trustee or director | 1 | $0 |
| MIYA R GRAY TORAIN | TRUSTEE Trustee or director | 1 | $0 |
| MORGAN MISCHER WARTH | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anthony H Sgro | Head of School/Secretary Officer | 50 | $592,729 | $54,988 |
| Caroline B Seay | CFOO til Nov '23 Officer | 40 | $290,520 | $43,813 |
| Scott Miller | School Counselor Highest-paid employee | 40 | $119,100 | $53,755 |
| Jonathan Schwab | Associate Head of School Highest-paid employee | 40 | $121,584 | $45,944 |
| Sherman Roberts | Former Director of HR and Oper Highest-paid employee | 40 | $124,183 | $32,302 |
| Ashly Maag | Director of Advancement Highest-paid employee | 40 | $126,981 | $27,029 |
| Jay Bonner | Master Teacher Highest-paid employee | 40 | $119,480 | $32,854 |
| Thomas H Shores | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Lara Glass | Co-Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Scott Shealy | Co-Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jose A Gonzalez | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Walter Cox | Trustee Trustee or director | 1 | $0 | $0 |
| Mary Robinson Hervig | Trustee Trustee or director | 1 | $0 | $0 |
| Margaret Bradley | Trustee Trustee or director | 1 | $0 | $0 |
| David M Stover | Trustee Trustee or director | 1 | $0 | $0 |
| Alex J Hagan | Trustee Trustee or director | 1 | $0 | $0 |
| Rev Dana Corsello | Trustee Trustee or director | 1 | $0 | $0 |
| Gaither Deaton | Trustee Trustee or director | 1 | $0 | $0 |
| Janet Ley | Trustee Trustee or director | 1 | $0 | $0 |
| Marcellus C Parker | Trustee Trustee or director | 1 | $0 | $0 |
| Dexter V Perry | Trustee Trustee or director | 1 | $0 | $0 |
| Oliver G Prince JR | Trustee Trustee or director | 1 | $0 | $0 |
| Hyde Russell | Trustee Trustee or director | 1 | $0 | $0 |
| Guy Dixon | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth P Ewing | Trustee Trustee or director | 1 | $0 | $0 |
| Morgan Mischer Warth | Trustee Trustee or director | 1 | $0 | $0 |
| Casey Gallagher | Trustee Trustee or director | 1 | $0 | $0 |
| Miya R Gray | Trustee Trustee or director | 1 | $0 | $0 |
| Beth McWilliams | Incoming CFOO Officer | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Anthony H Sgro | Head of School/Secretary Officer | 50 | $547,454 | $51,842 |
| Scott Miller | School Counselor Highest-paid employee | 40 | $105,444 | $84,690 |
| Ashly Maag | Director of Advancement Highest-paid employee | 40 | $110,837 | $23,178 |
| CARL BOLAND | ATHLETIC DIRECTOR Highest-paid employee | 40 | $126,194 | $4,481 |
| Rob McArthur | DEPARTING CFOO Officer | 50 | $103,722 | $19,823 |
| FRANK KRIEGLER | FACULTY Highest-paid employee | 40 | $108,193 | $632 |
| CHRISTOPHER ARBOR | FACULTY Highest-paid employee | 40 | $102,720 | $5,480 |
| Caroline B Seay | INCOMING CFOO Officer | 50 | $94,805 | $10,428 |
| Walter G Cox Jr | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Lara Glass | Co-Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Thomas H Shores Jr | Co-Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Jose A Gonzalez | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Thomas E Cone | Trustee Trustee or director | 1 | $0 | $0 |
| Dana Corsello | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth P Ewing | Trustee Trustee or director | 1 | $0 | $0 |
| Miya R Gray | Trustee Trustee or director | 1 | $0 | $0 |
| Alex J Hagan | Trustee Trustee or director | 1 | $0 | $0 |
| Mary Robinson Hervig | Trustee Trustee or director | 1 | $0 | $0 |
| Doug Hutcherson | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth Klump | Trustee Trustee or director | 1 | $0 | $0 |
| Janet Ley | Trustee Trustee or director | 1 | $0 | $0 |
| Marcellus C Parker | Trustee Trustee or director | 1 | $0 | $0 |
| Dexter V Perry | Trustee Trustee or director | 1 | $0 | $0 |
| Oliver G Prince JR | Trustee Trustee or director | 1 | $0 | $0 |
| Hyde Russell | Trustee Trustee or director | 1 | $0 | $0 |
| Scott E Shealy | Trustee Trustee or director | 1 | $0 | $0 |
| David M Stover | Trustee Trustee or director | 1 | $0 | $0 |
| Morgan Mischer Warth | Trustee Trustee or director | 1 | $0 | $0 |
| John W Willingham | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 360 ASHEVILLE SCHOOL RD, ASHEVILLE, NC 28806-1569
- In care of
- % HANES SWINGLE
- Principal officer (990 for 2024)
- DR ANTHONY SGRO, 360 Asheville School Road, Asheville, NC 28806
- Signed the 990
- Beth McWilliams, CFOO
- Phone
- (828) 254-6345
- Website
- WWW.ASHEVILLESCHOOL.ORG
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
TO PREPARE OUR STUDENTS FOR COLLEGE AND FOR LIFE AND TO PROVIDE AN ATMOSPHERE IN WHICH ALL MEMBERS OF A DIVERSE, ENGAGED, AND PURPOSEFULLY SMALL SCHOOL COMMUNITY APPRECIATE AND STRIVE FOR EXCELLENCE - AN ATMOSPHERE THAT NURTURES CHARACTER AND FOSTERS THE DEVELOPMENT OF MIND, BODY, AND SPIRIT.
Program accomplishments
- ASHEVILLE SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12. STUDENTS ARE ENTRUSTED TO OUR CARE FOR FOUR TRANSFORMATIVE YEARS THAT SHAPE THEIR CHARACTER AND DIRECT THEIR PATH. THROUGH A RIGOROUS ACADEMIC CURRICULUM AND EXPLORATION OF CO-CURRICULAR INTERESTS, EXPECTATIONS ARE SET HIGH FOR OUR STUDENTS. OUR STUDENTS GRADUATE FULLY PREPARED FOR COLLEGE AND A LIFE OF PURPOSE.Expenses $21,749,016 · grants $4,848,647 · revenue $21,573,726
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
- 56-0530248
- 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
- 1946
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B250)
- Assets (IRS master file)
- $124,772,092
- Income (IRS master file)
- $41,661,684
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,685,887 | $27,229,810 | $124,772,092 | IRS |
| 990 | June 2024 | $26,314,247 | $26,445,700 | $115,578,272 | IRS |
| 990 | June 2023 | $22,922,388 | $23,801,064 | $112,516,620 | XML |
| 990 | June 2022 | $30,624,972 | $21,410,726 | $109,072,100 | 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 56-0530248).
Questions about ASHEVILLE SCHOOL INCORPORATED
- What is the EIN of ASHEVILLE SCHOOL INCORPORATED?
- The employer identification number (EIN) of ASHEVILLE SCHOOL INCORPORATED is 56-0530248.
- Is ASHEVILLE SCHOOL INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
- Are donations to ASHEVILLE SCHOOL INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASHEVILLE SCHOOL INCORPORATED 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 ASHEVILLE SCHOOL INCORPORATED 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 ASHEVILLE SCHOOL INCORPORATED 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 ASHEVILLE SCHOOL INCORPORATED?
- The 990 for the year ended June 30, 2025 names DR ANTHONY SGRO.
- Who are the officers and directors of ASHEVILLE SCHOOL INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 26 people; 8 received compensation from the organization, the highest $541,051 (ANTHONY SGRO, HEAD OF SCHOOL).
- How much revenue does ASHEVILLE SCHOOL INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,685,887, expenses of $27,229,810 and total assets of $124,772,092 at year end.
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