Nonprofit · EIN 56-2155785
MILLENNIUM EDUCATION FOUNDATION INC
Tax-exempt · MOUNT AIRY, NC 27030
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,606,524 | $6,665,974 | $940,550 | $9,105,916 | $11,537,926 | -$2,432,010 |
| June 30, 2024 | 990 | $7,493,358 | $6,722,176 | $771,182 | $8,024,754 | $11,397,314 | -$3,372,560 |
| June 30, 2023 | 990 | $7,439,334 | $6,374,192 | $1,065,142 | $7,433,476 | $11,577,218 | -$4,143,742 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,157,103
- of which government grants
- $7,058,864
- Program service revenue
- $270,812
- Investment income
- $6,000
- Net rental income
- $4,100
- Net gain from sales of assets
- $6,000
- Other revenue
- $172,609
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $96,638
- Other salaries and wages
- $3,165,490
- Salaries, compensation and benefits (total)
- $4,629,207
- Professional fundraising fees
- $0
- Accounting fees
- $11,500
- Occupancy
- $779,602
- Travel
- $128,085
- Depreciation
- $37,100
- Program services (functional)
- $5,151,198
- Management and general (functional)
- $1,514,776
Balance sheet and other
- Total assets, start of year
- $8,024,754
- Total assets, end of year
- $9,105,916
- Total liabilities, end of year
- $11,537,926
- Net assets, end of year
- -$2,432,010
- Land, buildings and equipment
- $537,003
- Net assets without donor restrictions
- -$6,159,698
- Net assets with donor restrictions
- $3,727,688
- Gross receipts
- $7,606,524
- Employees
- 112
- Volunteers
- 6
- Year formed
- 2000
- 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 |
|---|---|---|---|
| PAUL REZZO | HEADMASTER Officer | 40 | $96,638 |
| DRUERY DEVORE | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| CHRISTOPHER WILLINGHAM | TREASURER Trustee or director, Officer | 0.25 | $0 |
| MELINDA SHEW | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| JAMES CROSSINGHAM | BOARD MEMBER Trustee or director | 0.25 | $0 |
| SUSAN CAMPBELL | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ANN JONES | BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRBY MCCRARY | HEADMASTER E Highest-paid employee | 40 | $168,534 |
| SUSAN CAMPBELL | MEMBER OF BO Trustee or director | 1 | $0 |
| JAMES CROSSINGHAM | MEMBER OF BO Trustee or director | 1 | $0 |
| DRUERY DEVORE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANN JONES | MEMBER OF BO Trustee or director | 1 | $0 |
| MELINDA SHEW | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER WILLINGHAM | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIRBY MCCRARY | HEADMASTER E Trustee or director | 40 | $158,834 |
| SUSAN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| JAMES CROSSINGHAM | DIRECTOR Trustee or director | 1 | $0 |
| ADAM DELP | DIRECTOR Trustee or director | 1 | $0 |
| DRUERY DEVORE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ANN JONES | DIRECTOR Trustee or director | 1 | $0 |
| MELINDA SHEW | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHRISTOPHER WILLINGHAM | TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 500 OLD SPRINGS RD, MOUNT AIRY, NC 27030-3034
- In care of
- % TOM WILLIAMS
- Principal officer (990 for 2024)
- DRUERY DEVORE, 500 OLD SPRINGS ROAD, MOUNT AIRY, NC 27030
- Signed the 990
- CHRISTOPHER WILLINGHAM, TREASURER
- Phone
- (336) 789-7570
- Website
- WWW.MCACADEMY.COM
- Return prepared by
- SHARPE PATEL CPA
Mission
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
Program accomplishments
- OPERATED A NORTH CAROLINA PUBLIC CHARTER SCHOOL IN MOUNT AIRY, NC, SERVING APPROXIMATELY 635 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2025.Expenses $5,151,198 · revenue $443,421
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
- 56-2155785
- 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)
- $9,105,916
- Income (IRS master file)
- $7,606,524
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,606,524 | $6,665,974 | $9,105,916 | XML |
| 990 | June 2024 | $7,493,358 | $6,722,176 | $8,024,754 | IRS |
| 990 | June 2023 | $7,439,334 | $6,374,192 | $7,433,476 | XML |
| 990 | June 2022 | $8,540,649 | $6,999,808 | $6,293,504 | 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 56-2155785).
Questions about MILLENNIUM EDUCATION FOUNDATION INC
- What is the EIN of MILLENNIUM EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of MILLENNIUM EDUCATION FOUNDATION INC is 56-2155785.
- Is MILLENNIUM EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to MILLENNIUM EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MILLENNIUM EDUCATION FOUNDATION 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 MILLENNIUM EDUCATION FOUNDATION 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 MILLENNIUM EDUCATION FOUNDATION 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 MILLENNIUM EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names DRUERY DEVORE.
- Who are the officers and directors of MILLENNIUM EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $96,638 (PAUL REZZO, HEADMASTER).
- How much revenue does MILLENNIUM EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,606,524, expenses of $6,665,974 and total assets of $9,105,916 at year end.
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