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Nonprofit · EIN 56-1831343

QUEST ACADEMY INC

Tax-exempt · RUTHERFORDTON, NC 28139

Financials

$1.6M$1.3M2022$1.6M$1.4M2023$1.8M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of QUEST ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,750,421$1,447,788$302,633$3,254,512$5,847$3,248,665
June 30, 2024990$1,617,091$1,383,202$233,889$2,956,093$10,061$2,946,032
June 30, 2023990$1,557,379$1,277,122$280,257$2,777,618$65,475$2,712,143
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,699,411
of which government grants
$1,634,239
Program service revenue
$0
Investment income
$39,724
Other revenue
$11,286

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$97,575
Other salaries and wages
$813,057
Salaries, compensation and benefits (total)
$1,061,651
Professional fundraising fees
$0
Legal fees
$890
Accounting fees
$13,000
Travel
$134
Depreciation
$91,165
Program services (functional)
$1,132,132
Management and general (functional)
$315,656

Balance sheet and other

Total assets, start of year
$2,956,093
Total assets, end of year
$3,254,512
Total liabilities, end of year
$5,847
Net assets, end of year
$3,248,665
Land, buildings and equipment
$1,840,244
Net assets without donor restrictions
$3,248,665
Gross receipts
$1,750,421
Employees
23
Volunteers
0
Year formed
1999
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.

NameTitleHours / weekCompensation
ELIZABETH READMONDADMINISTRATOR
Officer
40$97,575
BROCK LAVRACKBOARD CHAIR
Trustee or director, Officer
2$0
JOHN MEDICKEASST BOARD CHAIR
Trustee or director, Officer
1$0
BRIAN GRANTBOARD MEMBER
Trustee or director
1$0
ERICA SCHNARSBOARD MEMBER
Trustee or director
1$0
KATHY DAVIESBOARD MEMBER
Trustee or director
1$0
MEMORY WHITEBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
ELIZABETH READMONDADMINISTRATOR
Officer
40$92,863
BROCK LAVRACKBOARD CHAIR
Trustee or director, Officer
2$0
JOHN MEDICKEASST BOARD CHAIR
Trustee or director, Officer
1$0
BEN WETZELBOARD MEMBER
Trustee or director
1$0
JOHN WATSONBOARD MEMBER
Trustee or director
1$0
LIBBY EMSWILERBOARD MEMBER
Trustee or director
1$0
LOREN HATFIELDBOARD MEMBER
Trustee or director
1$0
TAMMY VINSONBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensation
ELIZABETH READMONDADMINISTRATOR
Officer
40$94,725
BROCK LAVRACKBOARD CHAIR
Trustee or director, Officer
2$0
JOHN MEDICKEASST BOARD CHAIR
Trustee or director, Officer
1$0
BEN WETZELBOARD MEMBER
Trustee or director
1$0
JOHN WATSONBOARD MEMBER
Trustee or director
1$0
LIBBY EMSWILERBOARD MEMBER
Trustee or director
1$0
LOREN HATFIELDBOARD MEMBER
Trustee or director
1$0
TAMMY VINSONBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 86, RUTHERFORDTON, NC 28139-0086
In care of
% ACADIA NORTHSTAR LLC
Principal officer (990 for 2024)
BROCK LAVRACK, 10908 STRICKLAND ROAD STE 175, RALEIGH, NC 27615
Signed the 990
BROCK LAVRACK, BOARD PRESIDENT
Phone
(919) 841-0441
Return prepared by
BATCHELOR TILLERY & ROBERTS LLP

Mission

PUBLIC CHARTER SCHEDULE PROVIDING EDUCATION OF STUDENTS IN GRADES K-8.

990 for the year ended June 30, 2025

Program accomplishments

  • OPERATED AS A CHARTER SCHOOL IN RALEIGH, NC SERVING APPROXIMATELY 140 STUDENTS
    Expenses $1,132,132 · revenue $11,286

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1831343
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
1994
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,254,512
Income (IRS master file)
$1,750,421

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,750,421$1,447,788$3,254,512XML
990June 2024$1,617,091$1,383,202$2,956,093XML
990June 2023$1,557,379$1,277,122$2,777,618XML
990June 2022$1,533,153$1,278,575$2,442,501IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 56-1831343).

Questions about QUEST ACADEMY INC

What is the EIN of QUEST ACADEMY INC?
The employer identification number (EIN) of QUEST ACADEMY INC is 56-1831343.
Is QUEST ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to QUEST ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does QUEST ACADEMY 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 QUEST ACADEMY 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 QUEST ACADEMY 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 QUEST ACADEMY INC?
The 990 for the year ended June 30, 2025 names BROCK LAVRACK.
Who are the officers and directors of QUEST ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $97,575 (ELIZABETH READMOND, ADMINISTRATOR).
How much revenue does QUEST ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,750,421, expenses of $1,447,788 and total assets of $3,254,512 at year end.

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