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Nonprofit · EIN 56-2106573

FAITH ACADEMY INC

Tax-exempt · CLINTON, NC 28328

Financials

$375K$375K2023$410K$410K2024
Revenue Expenses · by fiscal year end
Financials of FAITH ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$409,942$409,942$0$295,971$295,971$0
December 31, 2023990$375,078$375,078$0$295,971$295,971$0
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$409,942
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$62,400
Other salaries and wages
$127,879
Salaries, compensation and benefits (total)
$241,056
Professional fundraising fees
$0
Accounting fees
$1,289
Travel
$3,393
Program services (functional)
$292,426
Management and general (functional)
$117,516

Balance sheet and other

Total assets, start of year
$295,971
Total assets, end of year
$295,971
Total liabilities, end of year
$295,971
Net assets, end of year
$0
Land, buildings and equipment
$30,191
Gross receipts
$409,942
Employees
7
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DONNA M ALLENCEO / PRESIDENT
Officer, Key employee, Highest-paid employee
40$62,400
SYLVESTER WILSONTREASURER
Trustee or director
1$0
TRACY PRYORSECRETARY
Officer
1$0
JACQUELINE GUNNBOARD MEMBER
Trustee or director
1$0
KIA SAUNDERSBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DONNA M ALLENCEO / PRESIDENT
Officer, Key employee, Highest-paid employee
40$62,400
SYLVESTER WILSONTREASURER
Trustee or director
10$0
TRACY PRYORSECRETARY
Officer
5$0
PIA ANDERSBOARD MEMBER
Trustee or director
2$0
JACQUELINE GUNNBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
2337 HB LEWIS RD, CLINTON, NC 28328-6836
In care of
% ROSA H ALLEN
Principal officer (990 for 2024)
DONNA M ALLEN, 2275 H B LEWIS RD, CLINTON, NC 28328
Signed the 990
DONNA M ALLEN, PRESIDENT
Phone
(910) 592-7647
Return prepared by
EXPRESSTAX PROFESSIONALS

Mission

Provide daycare services to the Sampson County community.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide daycare services to the Sampson County community.
    Expenses $385,628 · revenue $409,942

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-2106573
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P33)
Assets (IRS master file)
$295,971
Income (IRS master file)
$409,942

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$409,942$409,942$295,971XML
990December 2023$375,078$375,078$295,971XML
990December 2022$363,258$341,783$295,971IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 56-2106573).

Questions about FAITH ACADEMY INC

What is the EIN of FAITH ACADEMY INC?
The employer identification number (EIN) of FAITH ACADEMY INC is 56-2106573.
Is FAITH ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to FAITH ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FAITH 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 FAITH ACADEMY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FAITH ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FAITH ACADEMY INC?
The 990 for the year ended December 31, 2024 names DONNA M ALLEN.
Who are the officers and directors of FAITH ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $62,400 (DONNA M ALLEN, CEO / PRESIDENT).
How much revenue does FAITH ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $409,942, expenses of $409,942 and total assets of $295,971 at year end.

Other nonprofits in CLINTON

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