Nonprofit · EIN 56-0849318
ALBEMARLE EDUCATIONAL FOUNDATION INC
Tax-exempt · ELIZABETH CTY, NC 27909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,009,419 | $1,987,268 | $22,151 | $2,249,723 | $1,085,584 | $1,164,139 |
| June 30, 2024 | 990 | $1,833,644 | $1,729,742 | $103,902 | $1,357,250 | $215,262 | $1,141,988 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $43,360
- of which government grants
- $21,560
- Program service revenue
- $1,900,658
- Investment income
- $0
- Net income from fundraising events
- $60,687
- Other revenue
- $65,401
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,262,916
- Salaries, compensation and benefits (total)
- $1,361,059
- Professional fundraising fees
- $0
- Accounting fees
- $6,075
- Travel
- $1,075
- Depreciation
- $70,228
- Program services (functional)
- $1,701,974
- Management and general (functional)
- $285,294
Balance sheet and other
- Total assets, start of year
- $1,357,250
- Total assets, end of year
- $2,249,723
- Total liabilities, end of year
- $1,085,584
- Net assets, end of year
- $1,164,139
- Land, buildings and equipment
- $866,562
- Net assets without donor restrictions
- $1,164,139
- Gross receipts
- $2,102,153
- Employees
- 82
- Volunteers
- 252
- Year formed
- 1965
- 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 |
|---|---|---|---|
| TRACY SIMPSON | HEADMASTER Officer | 40 | $65,704 |
| KATHY FORD | BOARD MEMBER Trustee or director | – | $0 |
| SPIROS GIANNAKOPOULOS | BOARD MEMBER Trustee or director | – | $0 |
| JACOB WEMMERING | BOARD MEMBER Trustee or director | – | $0 |
| MARK DELOSREYES | TREASURER Officer | – | $0 |
| JESSICA JAMES | CHAIRMAN Officer | – | $0 |
| GEORGIA PERRY | SECRETARY Officer | – | $0 |
| MATT SCRIBNER | VICE-CHAIRMA Officer | – | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACY SIMPSON | HEADMASTER Officer | 40 | $63,339 |
| KATHY FORD | BOARD MEMBER Trustee or director | – | $0 |
| SPIROS GIANNAKOPOULOS | BOARD MEMBER Trustee or director | – | $0 |
| LORI MEADS | BOARD MEMBER Trustee or director | – | $0 |
| JACOB WEMMERING | BOARD MEMBER Trustee or director | – | $0 |
| MARK DELOSREYES | TREASURER Officer | – | $0 |
| JESSICA JAMES | CHAIRMAN Officer | – | $0 |
| GEORGIA PERRY | SECRETARY Officer | – | $0 |
| MATT SCRIBNER | VICE-CHAIRMA Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 1210 US HIGHWAY 17 S, ELIZABETH CTY, NC 27909-7631
- Principal officer (990 for 2024)
- GEORGIA PERRY, 1210 US HIGHWAY 17 S, ELIZABETH CITY, NC 27909
- Signed the 990
- JESSICA JAMES, CHAIRMAN
- Phone
- (252) 338-0883
- Website
- THEALBEMARLESCHOOL.ORG
- Return prepared by
- WILLIAM R NIXON CPA PC
Mission
EDUCATION OF STUDENTS FROM PRESCHOOL AGE THROUGH HIGH SCHOOL.
Program accomplishments
- THE FOUNDATION TRAINS, INSTRUCTS, AND EDUCATES STUDENTS. THE FOUNDATION OFFERS PRESCHOOL, ELEMENTARY, MIDDLE, AND HIGH SCHOOL INSTRUCTION.Expenses $1,701,974 · revenue $1,900,658
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
- 56-0849318
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20Z)
- Assets (IRS master file)
- $2,249,723
- Income (IRS master file)
- $2,102,153
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,009,419 | $1,987,268 | $2,249,723 | XML |
| 990 | June 2024 | $1,833,644 | $1,729,742 | $1,357,250 | XML |
| 990 | June 2023 | $1,718,752 | $1,633,263 | $1,055,839 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-0849318).
Questions about ALBEMARLE EDUCATIONAL FOUNDATION INC
- What is the EIN of ALBEMARLE EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of ALBEMARLE EDUCATIONAL FOUNDATION INC is 56-0849318.
- Is ALBEMARLE EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ALBEMARLE EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBEMARLE EDUCATIONAL FOUNDATION 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 ALBEMARLE EDUCATIONAL FOUNDATION 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 ALBEMARLE EDUCATIONAL FOUNDATION 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 ALBEMARLE EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names GEORGIA PERRY.
- Who are the officers and directors of ALBEMARLE EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $65,704 (TRACY SIMPSON, HEADMASTER).
- How much revenue does ALBEMARLE EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,009,419, expenses of $1,987,268 and total assets of $2,249,723 at year end.
Other nonprofits in ELIZABETH CTY
- NORTHEAST ACADEMY FOR AEROSPACE & ADVANCED TECHNOLOGIES EIN 46-4978300 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY INC EIN 56-1065978 · last filed 990 for 2025
- ALBEMARLE ALLIANCE FOR CHILDREN AND FAMILIES INC EIN 56-2088109 · last filed 990 for 2025
- COLLEGE OF THE ALBEMARLE FOUNDATION INC EIN 58-1399254 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION INC EIN 56-1467140 · last filed 990 for 2025
- COVENANT CLASSICAL ACADEMY EIN 82-2350694 · last filed 990 for 2024
- ELIZABETH CITY-PASQUOTANK PUBLIC SCHOOL FOUNDATION INC EIN 56-1715284 · last filed 990 for 2025
- NEAAAT FOUNDATION EIN 88-1466579 · last filed 990 for 2025
All nonprofits in ELIZABETH CTY · North Carolina · Education