Nonprofit · EIN 56-2108610
WINSTON-SALEM ACADEMY INC
Tax-exempt · WINSTON SALEM, NC 27106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,514,519 | $9,479,968 | $34,551 | $2,521,039 | $2,255,422 | $265,617 |
| June 30, 2024 | 990 | $9,461,137 | $9,405,994 | $55,143 | $2,321,816 | $2,090,750 | $231,066 |
| June 30, 2023 | 990 | $9,447,693 | $9,402,651 | $45,042 | $2,046,755 | $1,870,832 | $175,923 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $9,464,334
- of which government grants
- $9,464,334
- Program service revenue
- $15,185
- Investment income
- $0
- Other revenue
- $35,000
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $3,638,799
- Salaries, compensation and benefits (total)
- $4,482,973
- Professional fundraising fees
- $0
- Accounting fees
- $266,788
- Occupancy
- $1,372,358
- Travel
- $25,683
- Program services (functional)
- $7,378,729
- Management and general (functional)
- $2,101,239
Balance sheet and other
- Total assets, start of year
- $2,321,816
- Total assets, end of year
- $2,521,039
- Total liabilities, end of year
- $2,255,422
- Net assets, end of year
- $265,617
- Net assets without donor restrictions
- $74,222
- Net assets with donor restrictions
- $191,395
- Gross receipts
- $9,514,519
- Employees
- 0
- Volunteers
- 167
- 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 |
|---|---|---|---|
| CARMEN PALMER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERICA HINDSMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| NISA MCMILLAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| TIFFANY SPAINHOUR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK BOONE SR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CARMEN PALMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIFFANY SPAINHOUR | TREASURER Trustee or director, Officer | 1 | $0 |
| ERICA HINDSMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| TAYLOR HUTCHINS | DIRECTOR Trustee or director | 1 | $0 |
| NISA MCMILLAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK BOONE SR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CARMEN PALMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIFFANY SPAINHOUR | TREASURER Trustee or director, Officer | 1 | $0 |
| ERICA HINDSMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| TAYLOR HUTCHINS | DIRECTOR Trustee or director | 1 | $0 |
| NISA MCMILLAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5426 SHATTALON DR, WINSTON SALEM, NC 27106-1919
- In care of
- % LAURA KNAUFF
- Principal officer (990 for 2024)
- CARMEN PALMER, 5426 SHATTALON DRIVE, WINSTONSALEM, NC 271060000
- Signed the 990
- CARMEN PALMER, PRESIDENT
- Phone
- (616) 222-1700
- Website
- WWW.NHASCHOOLS.COM
- Return prepared by
- BDO USA
Mission
TO OPERATE A PUBLIC CHARTER SCHOOL AND TO PROVIDE EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION.
Program accomplishments
- OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC SCHOOL ACADEMY. THE ACADEMY PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMY OPERATES UNDER A CHARTER APPROVED BY THE NORTH CAROLINA STATE BOARD OF EDUCATION.Expenses $6,947,820 · revenue $50,185
- OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC SCHOOL ACADEMY DESCRIBED ABOVE. THE ACADEMY OFFERS FREE OR REDUCED LUNCH FOR FAMILIES THAT QUALIFY. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE, IN THE AMOUNT OF $468,588.Expenses $430,909
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
- 56-2108610
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $2,521,039
- Income (IRS master file)
- $9,514,519
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,514,519 | $9,479,968 | $2,521,039 | IRS |
| 990 | June 2024 | $9,461,137 | $9,405,994 | $2,321,816 | XML |
| 990 | June 2023 | $9,447,693 | $9,402,651 | $2,046,755 | XML |
| 990 | June 2022 | $8,699,617 | $8,640,539 | $1,250,312 | 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 56-2108610).
Questions about WINSTON-SALEM ACADEMY INC
- What is the EIN of WINSTON-SALEM ACADEMY INC?
- The employer identification number (EIN) of WINSTON-SALEM ACADEMY INC is 56-2108610.
- Is WINSTON-SALEM ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WINSTON-SALEM ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WINSTON-SALEM 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 WINSTON-SALEM ACADEMY 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 WINSTON-SALEM ACADEMY 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 WINSTON-SALEM ACADEMY INC?
- The 990 for the year ended June 30, 2025 names CARMEN PALMER.
- Who are the officers and directors of WINSTON-SALEM ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does WINSTON-SALEM ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,514,519, expenses of $9,479,968 and total assets of $2,521,039 at year end.
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- QUALITY EDUCATION ACADEMY EIN 56-2017872 · last filed 990 for 2025
- SMART START OF FORSYTH COUNTY EIN 56-1899564 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC EIN 56-6064850 · last filed 990 for 2025
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All nonprofits in WINSTON SALEM · North Carolina · Education