Nonprofit · EIN 56-2017872
QUALITY EDUCATION ACADEMY
Tax-exempt · WINSTON SALEM, NC 27105
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,416,210 | $11,715,870 | -$299,660 | $2,764,522 | $94,325 | $2,670,197 |
| June 30, 2024 | 990 | $9,716,273 | $10,307,049 | -$590,776 | $3,089,135 | $119,278 | $2,969,857 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,733,453
- of which government grants
- $1,433,453
- Program service revenue
- $9,682,757
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $6,874,967
- Salaries, compensation and benefits (total)
- $7,914,622
- Professional fundraising fees
- $0
- Legal fees
- $62,485
- Occupancy
- $152,988
- Depreciation
- $121,930
- Program services (functional)
- $9,972,926
- Management and general (functional)
- $1,742,944
Balance sheet and other
- Total assets, start of year
- $3,089,135
- Total assets, end of year
- $2,764,522
- Total liabilities, end of year
- $94,325
- Net assets, end of year
- $2,670,197
- Land, buildings and equipment
- $1,044,692
- Publicly traded securities
- $1,402,390
- Net assets without donor restrictions
- $2,670,197
- Gross receipts
- $11,416,210
- Employees
- 114
- 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 |
|---|---|---|---|
| Tamara Turner | CEO Trustee or director, Key employee | 40 | $104,735 |
| Dr Jefferson Caruthers | Chairman Trustee or director, Officer | 2.5 | $0 |
| Adolphus Coplin | Board Member Trustee or director | 1 | $0 |
| J Luther Covington | Board Member Trustee or director | 1 | $0 |
| John Foxworth | Board Member Trustee or director | 1 | $0 |
| James Gadson | Board Member Trustee or director | 1 | $0 |
| Ronald Jessup | Board Member Trustee or director | 1 | $0 |
| Dr Kendra March | Board Member Trustee or director | 1 | $0 |
| Walter Weathers | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tamara Turner | CEO Trustee or director, Key employee | 40 | $121,035 |
| Dr Jefferson Caruthers | Chairman Trustee or director, Officer | 2.5 | $0 |
| Adolphus Coplin | Board Member Trustee or director | 1 | $0 |
| J Luther Covington | Board Member Trustee or director | 1 | $0 |
| John Foxworth | Board Member Trustee or director | 1 | $0 |
| James Gadson | Board Member Trustee or director | 1 | $0 |
| Ronald Jessup | Board Member Trustee or director | 1 | $0 |
| Dr Kendra March | Board Member Trustee or director | 1 | $0 |
| Walter Weathers | Board Member Trustee or director | 1 | $0 |
| Monique Curry | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5012D LANSING DR, WINSTON SALEM, NC 27105-3026
- In care of
- % JEFFERSON CARUTHERS
- Principal officer (990 for 2024)
- Tamara Turner, 5012-D Lansing Drive, Winston Salem, NC 27105
- Signed the 990
- Tamara Turner, CEO
- Phone
- (336) 744-0804
- Return prepared by
- Rebekah Barr CPA PC
Mission
Operation of a public charter school.
Program accomplishments
- Provided education to approximately 785 students in Forysth County, NC for the fiscal year ended June 30, 2025.Expenses $9,972,926
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
- 56-2017872
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $2,764,522
- Income (IRS master file)
- $11,416,210
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $8,985,113 | $9,630,110 | $3,743,620 | IRS |
| 990 | June 2022 | $9,300,319 | $9,816,064 | $4,413,479 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about QUALITY EDUCATION ACADEMY
- What is the EIN of QUALITY EDUCATION ACADEMY?
- The employer identification number (EIN) of QUALITY EDUCATION ACADEMY is 56-2017872.
- Is QUALITY EDUCATION ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to QUALITY EDUCATION ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUALITY EDUCATION 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 QUALITY EDUCATION 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 QUALITY EDUCATION 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 QUALITY EDUCATION ACADEMY?
- The 990 for the year ended June 30, 2025 names Tamara Turner.
- Who are the officers and directors of QUALITY EDUCATION ACADEMY?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $104,735 (Tamara Turner, CEO).
- How much revenue does QUALITY EDUCATION ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,416,210, expenses of $11,715,870 and total assets of $2,764,522 at year end.
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All nonprofits in WINSTON SALEM · North Carolina · Education