Nonprofit · EIN 56-2073623
CRESSET ACADEMY EDUCATIONAL FOUNDATION
Tax-exempt · DURHAM, NC 27707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $72,843 | $117,325 | -$44,482 | $194,082 | $206,216 | -$12,134 |
| May 31, 2024 | 990-EZ | $173,244 | $126,512 | $46,732 | $202,358 | $201,892 | $466 |
| May 31, 2023 | 990-EZ | $16,177 | $11,908 | $4,269 | $136,708 | $136,694 | $14 |
| May 31, 2022 | 990-EZ | $58,376 | $46,398 | $11,978 | $136,772 | $136,710 | $62 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $60,974
- Program service revenue
- $0
- Investment income
- $10,797
- Royalties
- $1,072
- Other revenue
- $1,072
Expenses
- Grants and similar amounts paid
- $102,225
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,100
- Program services (functional)
- $102,225
- Management and general (functional)
- $15,100
Balance sheet and other
- Total assets, start of year
- $202,358
- Total assets, end of year
- $194,082
- Total liabilities, end of year
- $206,216
- Net assets, end of year
- -$12,134
- Net assets without donor restrictions
- -$12,134
- Gross receipts
- $72,843
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ty Green | Chair Officer | 0.5 | $0 |
| Lawrence Vuelta | Vice Chair Officer | 0.5 | $0 |
| Nathaniel Fry | Secretary Officer | 0.5 | $0 |
990-EZ for the year ended May 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TY GREEN | CHAIR | 5 | $0 |
| LAWRENCE VUELTA | VICE CHAIR | 5 | $0 |
| NATHANIEL FRY | SECRETARY | 5 | $0 |
990-EZ for the year ended May 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TY GREEN | CHAIR | 5 | $0 |
| LAWRENCE VUELTA | VICE CHAIR | 5 | $0 |
| NATHANIEL FRY | SECRETARY | 5 | $0 |
990-EZ for the year ended May 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TY GREEN | CHAIR | 5 | $0 |
| LAWRENCE VUELTA | VICE CHAIR | 5 | $0 |
| NATHANIEL FRY | SECRETARY | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 3707 GARRETT RD, DURHAM, NC 27707-2401
- In care of
- % RON E WILLIAMSON
- Mailing address (990-N for 2020)
- 3707 Garrett Road, Durham NC 27707
- Principal officer (990 for 2024)
- Ty Green, 414 Loblolly Drive, Durham, NC 27712
- Principal officer (990-N for 2020)
- Ty Green, 414 Loblolly Drive, Durham NC 27712
- Signed the 990
- Brian Worley, Director of Finance
- Phone
- (919) 354-8000
Mission
The Cresset Academy Educational Foundation (CAEF) mission is to provide the financial foundation to enhance the distinctly Christian educational opportunity for every student at Cresset Christian Academy (CCA) through scholarships, capital improvements, and support for athletics, fine arts, and other needs, ensuring a biblical worldview and academic excellence for life.
Program accomplishments
- TO PROVIDE AN ENDOWMENT PROGRAM FOR THE LONG-TERM SUPPORT OF THE SCHOOL TO CRESSET BAPTIST CHURCH AND CRESSET ACADEMY FOR STUDENT SCHOLARSHIPS, ENHANCEMENT OF THE PHYSICAL FACILITIES AND OTHER PROJECTS.Expenses $102,225 · grants $102,225
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 56-2073623
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1999
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $194,082
- Income (IRS master file)
- $72,843
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $72,843 | $117,325 | $194,082 | XML |
| 990-EZ | May 2024 | $173,244 | $126,512 | $202,358 | XML |
| 990-EZ | May 2023 | $16,177 | $11,908 | $136,708 | XML |
| 990-EZ | May 2022 | $58,376 | $46,398 | $136,772 | XML |
| 990-N for 2020 Officer: Ty Green | May 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Ty Green | May 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | May 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 56-2073623).
Questions about CRESSET ACADEMY EDUCATIONAL FOUNDATION
- What is the EIN of CRESSET ACADEMY EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of CRESSET ACADEMY EDUCATIONAL FOUNDATION is 56-2073623.
- Is CRESSET ACADEMY EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to CRESSET ACADEMY EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CRESSET ACADEMY EDUCATIONAL FOUNDATION 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 CRESSET ACADEMY EDUCATIONAL FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CRESSET ACADEMY EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of CRESSET ACADEMY EDUCATIONAL FOUNDATION?
- The 990 for the year ended May 31, 2025 names Ty Green.
- Who are the officers and directors of CRESSET ACADEMY EDUCATIONAL FOUNDATION?
- The 990 for the year ended May 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does CRESSET ACADEMY EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $72,843, expenses of $117,325 and total assets of $194,082 at year end.
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