Nonprofit · EIN 56-0944004
FAYETTEVILLE ACADEMY
Tax-exempt · FAYETTEVILLE, NC 28303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,205,106 | $6,881,049 | $324,057 | $7,385,701 | $1,742,698 | $5,643,003 |
| June 30, 2024 | 990 | $7,146,572 | $6,840,534 | $306,038 | $6,978,281 | $1,717,959 | $5,260,322 |
| June 30, 2023 | 990 | $6,652,904 | $6,239,539 | $413,365 | $6,649,516 | $1,756,828 | $4,892,688 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $148,031
- Program service revenue
- $6,845,797
- Investment income
- $168,720
- Other revenue
- $42,558
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,225,425
- Salaries, compensation and benefits (total)
- $5,199,127
- Professional fundraising fees
- $0
- Depreciation
- $337,604
- Program services (functional)
- $5,512,016
- Management and general (functional)
- $1,261,949
- Fundraising (functional)
- $107,084
Balance sheet and other
- Total assets, start of year
- $6,978,281
- Total assets, end of year
- $7,385,701
- Total liabilities, end of year
- $1,742,698
- Net assets, end of year
- $5,643,003
- Land, buildings and equipment
- $3,495,817
- Publicly traded securities
- $2,625,725
- Net assets without donor restrictions
- $4,493,074
- Net assets with donor restrictions
- $1,149,929
- Gross receipts
- $7,205,106
- Employees
- 169
- Year formed
- 1969
- 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 |
|---|---|---|---|
| WELLS ALDERMAN | TRUSTEE Trustee or director | – | $0 |
| JOSH BARKMAN | TRUSTEE Trustee or director | – | $0 |
| FAITH CHIMA | TRUSTEE Trustee or director | – | $0 |
| ED CROOT | VICE CHAIR Trustee or director, Officer | – | $0 |
| MURRAY DUGGINS | TRUSTEE Trustee or director | – | $0 |
| IJEOMA EJEH | TRUSTEE Trustee or director | – | $0 |
| KAREN EWART | TREASURER Trustee or director, Officer | – | $0 |
| ANITA FLOWERS | TRUSTEE Trustee or director | – | $0 |
| MARIA JO FULCHER | TRUSTEE Trustee or director | – | $0 |
| BRUCE HAMMILL | TRUSTEE Trustee or director | – | $0 |
| BILL JORDAN | TRUSTEE Trustee or director | – | $0 |
| MARIE LOWE | TRUSTEE Trustee or director | – | $0 |
| LAURENCE MESTER | TRUSTEE Trustee or director | – | $0 |
| AMY NAVEJAS | TRUSTEE Trustee or director | – | $0 |
| ANN OGLESBEE | TRUSTEE Trustee or director | – | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDREW PENINK | TRUSTEE Trustee or director | – | $0 |
| ED PETKOVICH | CHAIRMAN Trustee or director, Officer | – | $0 |
| CRISTINA QUANTOCK | SECRETARY Trustee or director, Officer | – | $0 |
| LINDSAY RYAN | TRUSTEE Trustee or director | – | $0 |
| DICKSON SCHAEFER | TRUSTEE Trustee or director | – | $0 |
| BILLY WEST | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WELLS ALDERMAN | TRUSTEE Trustee or director | – | $0 |
| JANENE AUL | TRUSTEE Trustee or director | – | $0 |
| JOSH BARKMAN | TRUSTEE Trustee or director | – | $0 |
| FAITH CHIMA | TRUSTEE Trustee or director | – | $0 |
| ED CROOT | TRUSTEE Trustee or director | – | $0 |
| MURRAY DUGGINS | TRUSTEE Trustee or director | – | $0 |
| IJEOMA EJEH | TRUSTEE Trustee or director | – | $0 |
| KAREN EWART | TREASURER Trustee or director, Officer | – | $0 |
| ANITA FLOWERS | TRUSTEE Trustee or director | – | $0 |
| MARY JO FULCHER | TRUSTEE Trustee or director | – | $0 |
| BILL JORDAN | TRUSTEE Trustee or director | – | $0 |
| MARIE LOWE | TRUSTEE Trustee or director | – | $0 |
| LAURENCE MESTER | TRUSTEE Trustee or director | – | $0 |
| AMY NAVEJAS | TRUSTEE Trustee or director | – | $0 |
| ANN OGLESBEE | TRUSTEE Trustee or director | – | $0 |
| ANDREW PENINK | TRUSTEE Trustee or director | – | $0 |
| ED PETKOVICH | CHAIRMAN Trustee or director, Officer | – | $0 |
| CRISTINA QUANTOCK | TRUSTEE Trustee or director | – | $0 |
| LINDSAY RYAN | TRUSTEE Trustee or director | – | $0 |
| DICKSON SCHAEFER | TRUSTEE Trustee or director | – | $0 |
| BILLY WEST | TRUSTEE Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAY QUESNEL | HEAD OF SCHO Highest-paid employee | – | $187,905 |
| WELLS ALDERMAN | TRUSTEE Trustee or director | – | $0 |
| JANENE AUL | TRUSTEE Trustee or director | – | $0 |
| JOSH BARKMAN | CHAIRMAN Trustee or director, Officer | – | $0 |
| ED CROOT | TRUSTEE Trustee or director | – | $0 |
| MURRAY DUGGINS | TRUSTEE Trustee or director | – | $0 |
| IJEOMA EJEH | TRUSTEE Trustee or director | – | $0 |
| KAREN EWART | TRUSTEE Trustee or director | – | $0 |
| MICHELLE FITZGERALD | TRUSTEE Trustee or director | – | $0 |
| ANITA FLOWERS | TRUSTEE Trustee or director | – | $0 |
| TIM INGRAM | SECRETARY Trustee or director, Officer | – | $0 |
| BILL JORDAN | TRUSTEE Trustee or director | – | $0 |
| MARIE LOWE | TRUSTEE Trustee or director | – | $0 |
| AMY NAVEJAS | TRUSTEE Trustee or director | – | $0 |
| ANDREW PENINK | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| ED PETKOVICH | TRUSTEE Trustee or director | – | $0 |
| SONYA PONDER | TRUSTEE Trustee or director | – | $0 |
| DICKSON SCHAEFER | TRUSTEE Trustee or director | – | $0 |
| ROBERT VANGEONS | TREASURER Trustee or director, Officer | – | $0 |
| BILLY WEST | TRUSTEE Trustee or director | – | $0 |
| ANN YOUNG | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 3200 CLIFFDALE RD, FAYETTEVILLE, NC 28303-4937
- Principal officer (990 for 2024)
- ED PETKOVICH, 362 GRIMBLE DRIVE, LINDEN, NC 28356
- Signed the 990
- ED PETKOVICH, CHAIRMAN
- Phone
- (910) 868-5131
- Website
- WWW.FAYACADEMY.ORG
- Return prepared by
- NORMAN BASS & PARNELL CPAS PLLC
Mission
FAYETTEVILLE ACADEMY IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL (PREK- 12) THAT ENCOURAGES STUDENTS TO ACHIEVE THEIR FULL POTENTIAL BY OFFERING EXCEPTIONAL OPPORTUNITIES IN ACADEMICS, FINE ARTS, AND ATHLETICS. THE ACADEMY EMPHASIZES SCHOLARSHIP, HONOR, LEADERSHIP, AND CITIZENSHIP IN A SAFE AND INCLUSIVE ENVIRONMENT. THE ACADEMY IS PROUD TO BE RANKED THE NUMBER ONE PRIVATE SCHOOL IN THE FAYETTEVILLE AREA AND AMONG THE TOP 20 BEST PRIVATE SCHOOLS IN NORTH CAROLINA BY NICHE.COM.
Program accomplishments
- FAYETTEVILLE ACADEMY IS AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL (PREK- 12) THAT ENCOURAGES STUDENTS TO ACHIEVE THEIR FULL POTENTIAL BY OFFERING EXCEPTIONAL OPPORTUNITIES IN ACADEMICS, FINE ARTS, AND ATHLETICS. THE ACADEMY EMPHASIZES SCHOLARSHIP, HONOR, LEADERSHIP, AND CITIZENSHIP IN A SAFE AND INCLUSIVE ENVIRONMENT. STUDENTS RESIDE IN FAYETTEVILLE, NC, CUMBERLAND COUNTY, AND SURROUNDING COUNTIES.Expenses $5,512,016
- FAYETTEVILLE ACADEMY, AN INDEPENDENT, COLLEGE PREPARATORY SCHOOL, ENCOURAGES STUDENTS TO ACHIEVE THEIR FULL POTENTIAL BY OFFERING OPPORTUNITIES IN ACADEMICS, FINE ARTS, AND ATHLETICS. THE ACADEMY IS PROUD TO BE RANKED THE NUMBER ONE PRIVATE SCHOOL IN THE FAYETTEVILLE AREA AND AMONG THE TOP 20 BEST PRIVATE SCHOOLS IN NORTH CAROLINA BY NICHE.COM. FAYETTEVILLE ACADEMY'S SMALL CLASS SIZES, SAFE AND CARING ATMOSPHERE AND NUMEROUS EXTRACURRICULAR ACTIVITIES ENSURE THAT EACH CHILD AT THE ACADEMY RECEIVES A UNIQUE EDUCATIONAL EXPERIENCE. THE SCHOOL OFFERS STATE-OF-THE-ART STEAM SMARTLABS, BAND, CHORUS, THEATRE, ON-SITE SAT AND ACT TESTING, A COLLEGE COUNSELING PROGRAM, 13AP AND 15 HONOR COURSES, OVER 25 CLUBS AND ORGANIZATIONS, BEFORE AND AFTER SCHOOL CARE AND ENRICHMENT PROGRAMS, A CHROMEBOOK AND IPAD PROGRAM, A FULL-TIME NURSE ON SITE, AND THE SUMMER ODYSSEY CAMP PROGRAM. THE AVERAGE SAT AND ACT SCORES OF ACADEMY STUDENTS EXCEED NATIONAL AVERAGES. STUDENTS CAN PARTICIPATE IN COMPETITIONS SUCH AS BATTLE OF THE BOOKS, LEGO ROBOTICS TEAM, MOCK TRIAL, SCIENCE OLYMPIAD, AND SCRIPPS SPELLING BEE. IN ADDITION, THE ACADEMY OFFERS 24 ATHLETIC TEAMS INCLUDING BASKETBALL, SOCCER, TENNIS, VOLLEYBALL, GOLF , CROSS COUNTRY, TRACK, BASEBALL, LACROSSE, SWIMMING, AND CHEERLEADING. ATHLETIC TEAMS HAVE WON A TOTAL OF 23 STATE CHAMPIONSHIPS. APPROXIMATELY 1/3 OF STUDENTS AT FA RECEIVE FINANCIAL AID, AND 1/3 ARE FROM MILITARY FAMILIES. THE ACADEMY BOASTS A DIVERSE STUDENT POPULATION WITH OVER 1/3 OF STUDENTS BEING FROM MINORITY BACKGROUNDS. 72% OF THE FACULTY AND ADMINISTRATION HOLD ADVANCED DEGREES.
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
- 56-0944004
- 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
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $7,385,701
- Income (IRS master file)
- $7,205,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,205,106 | $6,881,049 | $7,385,701 | XML |
| 990 | June 2024 | $7,146,572 | $6,840,534 | $6,978,281 | XML |
| 990 | June 2023 | $6,652,904 | $6,239,539 | $6,649,516 | XML |
| 990 | June 2022 | $6,525,555 | $6,031,294 | $6,108,827 | 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 56-0944004).
Questions about FAYETTEVILLE ACADEMY
- What is the EIN of FAYETTEVILLE ACADEMY?
- The employer identification number (EIN) of FAYETTEVILLE ACADEMY is 56-0944004.
- Is FAYETTEVILLE ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to FAYETTEVILLE ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAYETTEVILLE 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 FAYETTEVILLE 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 FAYETTEVILLE 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 FAYETTEVILLE ACADEMY?
- The 990 for the year ended June 30, 2025 names ED PETKOVICH.
- Who are the officers and directors of FAYETTEVILLE ACADEMY?
- The 990 for the year ended June 30, 2025 lists 21 people; 0 received compensation from the organization.
- How much revenue does FAYETTEVILLE ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,205,106, expenses of $6,881,049 and total assets of $7,385,701 at year end.
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