Nonprofit · EIN 56-2099173
VANCE CHARTER SCHOOL INC
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,434,717 | $11,553,464 | -$118,747 | $10,343,679 | $15,023,493 | -$4,679,814 |
| June 30, 2024 | 990 | $11,403,195 | $11,367,988 | $35,207 | $20,960,974 | $24,102,902 | -$3,141,928 |
| June 30, 2023 | 990 | $11,046,118 | $10,205,152 | $840,966 | $10,705,027 | $15,190,966 | -$4,485,939 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $577,433
- of which government grants
- $535,728
- Program service revenue
- $10,857,284
- 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
- $6,161,248
- Salaries, compensation and benefits (total)
- $9,167,594
- Professional fundraising fees
- $0
- Legal fees
- $49,927
- Accounting fees
- $7,420
- Occupancy
- $833,091
- Depreciation
- $108,204
- Program services (functional)
- $9,807,934
- Management and general (functional)
- $1,745,530
Balance sheet and other
- Total assets, start of year
- $20,960,974
- Total assets, end of year
- $10,343,679
- Total liabilities, end of year
- $15,023,493
- Net assets, end of year
- -$4,679,814
- Land, buildings and equipment
- $1,321,303
- Net assets without donor restrictions
- -$4,679,814
- Gross receipts
- $11,434,717
- Employees
- 149
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Trey Brown | Board Member Trustee or director | 1 | $0 |
| Nicole Huber Cheatham | Board Member Trustee or director | 1 | $0 |
| Allison Capps | Vice Chair Trustee or director, Officer | 2 | $0 |
| Clayton Gill Frazier II | Secretary Trustee or director | 1 | $0 |
| John Caldwell Daniel | Board Member Trustee or director | 1 | $0 |
| Travis Thompson | Chairperson Trustee or director, Officer | 2 | $0 |
| John F Sossaman II | Board Member Trustee or director | 1 | $0 |
| Robert Bailess | Board Member Trustee or director, Officer | 1 | $0 |
| Anna Seaman | Board Member Trustee or director | 1 | $0 |
| Charles Turrentine | Board Member Trustee or director | 1 | $0 |
| Jennifer Honeycutt | Treasurer Trustee or director | 1 | $0 |
| Morgan Leigh Stall | Board Member Trustee or director | 1 | $0 |
| Megan Currin Wilkins | Board Member Trustee or director | 1 | $0 |
| Jill Perkinson | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Trey Brown | Board Member Trustee or director | 0.8 | $0 |
| Nicole Huber Cheatham | Board Member Trustee or director | 1.25 | $0 |
| Allison Capps | Vice Chair Trustee or director, Officer | 0.57 | $0 |
| Clayton Gill Frazier II | Secretary Trustee or director | 0.5 | $0 |
| John Caldwell Daniel | Board Member Trustee or director | 0.5 | $0 |
| Travis Thompson | Chairperson Trustee or director, Officer | 0.8 | $0 |
| John F Sossaman II | Board Member Trustee or director | 1.75 | $0 |
| Chris Munn | Treasurer Trustee or director, Officer | 0.8 | $0 |
| Anna Seaman | Board Member Trustee or director | 0.8 | $0 |
| Martha Wrenn | Board Member Trustee or director | 1 | $0 |
| Jennifer Honeycutt | Board Member Trustee or director | 0.5 | $0 |
| Morgan Leigh Stall | Board Member Trustee or director | 0.5 | $0 |
| Megan Currin Wilkins | Board Member Trustee or director | 0.5 | $0 |
| Jill Perkinson | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Matt Currin | Board Member Trustee or director | – | $0 |
| Trey Brown | Board Member Trustee or director | 0.8 | $0 |
| Nicole Huber Cheatham | Board Member Trustee or director | 1.25 | $0 |
| Allison Capps | Vice Chair Trustee or director, Officer | 0.57 | $0 |
| Clayton Gill Frazier II | Board Member Trustee or director | 0.5 | $0 |
| John Caldwell Daniel | Board Member Trustee or director | 0.5 | $0 |
| Travis Thompson | Chairperson Trustee or director, Officer | 0.8 | $0 |
| John F Sossaman II | Board Member Trustee or director | 1.75 | $0 |
| Chris Munn | Treasurer Trustee or director, Officer | 0.8 | $0 |
| Anna Seaman | Board Member Trustee or director | 0.8 | $0 |
| Martha Wrenn | Board Member Trustee or director | 1 | $0 |
| Jennifer Honeycutt | Board Member Trustee or director | 0.5 | $0 |
| Morgan Leigh Stall | Board Member Trustee or director | 0.5 | $0 |
| Megan Currin Wilkins | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- Principal officer (990 for 2024)
- Dr Brian Mathis, 2090 Ross Mill Road, Henderson, NC 27536
- Signed the 990
- Dr Brian Mathis, Executive Director
- Phone
- (252) 431-0440
- Website
- www.vancecharter.org
- Return prepared by
- Rebekah Barr CPA PC
Mission
Operation of a public charter school.
Program accomplishments
- Operation of a charter school in Henderson, North Carolina, serving approximately 955 students for the fiscal year ended June 30, 2025.Expenses $9,807,934
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
- 56-2099173
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $10,343,679
- Income (IRS master file)
- $11,434,717
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,434,717 | $11,553,464 | $10,343,679 | IRS |
| 990 | June 2024 | $11,403,195 | $11,367,988 | $20,960,974 | XML |
| 990 | June 2023 | $11,046,118 | $10,205,152 | $10,705,027 | XML |
| 990 | June 2022 | $10,441,368 | $9,540,644 | $7,623,358 | 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 56-2099173).
Questions about VANCE CHARTER SCHOOL INC
- What is the EIN of VANCE CHARTER SCHOOL INC?
- The employer identification number (EIN) of VANCE CHARTER SCHOOL INC is 56-2099173.
- Is VANCE CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to VANCE CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VANCE CHARTER SCHOOL 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 VANCE CHARTER SCHOOL 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 VANCE CHARTER SCHOOL 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 VANCE CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names Dr Brian Mathis.
- Who are the officers and directors of VANCE CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does VANCE CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,434,717, expenses of $11,553,464 and total assets of $10,343,679 at year end.
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