Nonprofit · EIN 56-2004167
WILM ACADEMY OF ARTS & SCIENCE
Tax-exempt · WILMINGTON, NC 28409
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,382,385 | $1,255,320 | $127,065 | $1,999,067 | $807,935 | $1,191,132 |
| June 30, 2024 | 990 | $1,208,075 | $1,126,618 | $81,457 | $1,969,958 | $905,891 | $1,064,067 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $18,328
- Program service revenue
- $1,336,428
- Investment income
- $28,413
- Net income from fundraising events
- -$784
- Other revenue
- -$784
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,300
- Other salaries and wages
- $683,438
- Salaries, compensation and benefits (total)
- $879,640
- Professional fundraising fees
- $0
- Accounting fees
- $9,944
- Occupancy
- $79,440
- Depreciation
- $59,874
- Program services (functional)
- $1,233,862
- Management and general (functional)
- $21,458
Balance sheet and other
- Total assets, start of year
- $1,969,958
- Total assets, end of year
- $1,999,067
- Total liabilities, end of year
- $807,935
- Net assets, end of year
- $1,191,132
- Land, buildings and equipment
- $1,011,161
- Gross receipts
- $1,383,326
- Employees
- 20
- Volunteers
- 25
- Year formed
- 1997
- 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 |
|---|---|---|---|
| Justin Fischetti | Head of School Trustee or director | 40 | $127,300 |
| Brent Schraff | Member Trustee or director, Officer | 5 | $0 |
| Vaishali Escaravage | Parent Trustee or director | 5 | $0 |
| Paul Yokubaitis | Vice Chair Trustee or director, Officer | 5 | $0 |
| Vicky Robinson | Chair Trustee or director, Officer | 5 | $0 |
| Ashley Point | Treasurer Trustee or director, Officer | 5 | $0 |
| Mike Estrem | Secretary Trustee or director, Officer | 5 | $0 |
| Barb Caropolo | Member Trustee or director | 5 | $0 |
| Melissa Puritis | Faculty Rep Trustee or director | 5 | $0 |
| Yan Liu | Parent Trustee or director | 5 | $0 |
| Nancy Cunningham | Member Trustee or director | 5 | $0 |
| Lisa Giacomelli | Member Trustee or director | 5 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Justin Fischetti | Head of School Trustee or director | 40 | $121,149 |
| Brent Schraff | Treasurer Trustee or director, Officer | 5 | $0 |
| Vaishali Escaravage | Trustee Trustee or director | 5 | $0 |
| Paul Yokubaitis | Chairman Trustee or director, Officer | 5 | $0 |
| Vicky Robinson | Vice Chair Trustee or director, Officer | 5 | $0 |
| Yishi Wang | Trustee Trustee or director | 5 | $0 |
| Mike Estrem | Secretary Trustee or director, Officer | 5 | $0 |
| Jesse Simon | Faculty Rep Trustee or director | 5 | $0 |
| Sridhar Varadarajan | Trustee Trustee or director | 5 | $0 |
| Nancy Cunningham | Trustee Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 6201 MYRTLE GROVE RD, WILMINGTON, NC 28409-4524
- Principal officer (990 for 2024)
- Justin Fischetti, 6201 Myrtle Grove Road, Wilmington, NC 284094524
- Signed the 990
- Justin Fischetti, Head of School
- Phone
- (910) 392-3139
- Website
- www.wilmingtonacademy.org
- Return prepared by
- Knott Richartz & Co CPAs PLLC
Mission
TO PROVIDE EDUCATIONAL OPPORTUNITIES DESIGNED TO PROMOTE ACADEMIC ACHIEVEMENT, PERSONAL RESPONSIBILTY, SOCIAL DEVELOPMENT AND LIFE-LONG LEARNING.
Program accomplishments
- Provided education instruction for students in grades four through eight to 90 students.Expenses $1,233,862
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
- 56-2004167
- 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
- 1997
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25Z)
- Assets (IRS master file)
- $1,999,067
- Income (IRS master file)
- $1,383,326
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,382,385 | $1,255,320 | $1,999,067 | IRS |
| 990 | June 2024 | $1,208,075 | $1,126,618 | $1,969,958 | XML |
| 990 | June 2023 | $1,042,217 | $970,381 | $2,080,567 | 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 56-2004167).
Questions about WILM ACADEMY OF ARTS & SCIENCE
- What is the EIN of WILM ACADEMY OF ARTS & SCIENCE?
- The employer identification number (EIN) of WILM ACADEMY OF ARTS & SCIENCE is 56-2004167.
- Is WILM ACADEMY OF ARTS & SCIENCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to WILM ACADEMY OF ARTS & SCIENCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WILM ACADEMY OF ARTS & SCIENCE 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 WILM ACADEMY OF ARTS & SCIENCE 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 WILM ACADEMY OF ARTS & SCIENCE 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 WILM ACADEMY OF ARTS & SCIENCE?
- The 990 for the year ended June 30, 2025 names Justin Fischetti.
- Who are the officers and directors of WILM ACADEMY OF ARTS & SCIENCE?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $127,300 (Justin Fischetti, Head of School).
- How much revenue does WILM ACADEMY OF ARTS & SCIENCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,382,385, expenses of $1,255,320 and total assets of $1,999,067 at year end.
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