Nonprofit · EIN 56-6075566
CAPE FEAR ACADEMY INC
Tax-exempt · WILMINGTON, NC 28412
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,237,718 | $19,567,927 | $1,669,791 | $51,071,041 | $27,306,665 | $23,764,376 |
| June 30, 2024 | 990 | $19,420,344 | $17,535,707 | $1,884,637 | $47,687,500 | $26,056,276 | $21,631,224 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,787,109
- Program service revenue
- $18,976,970
- Investment income
- $473,639
- Net gain from sales of assets
- $1,700
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,232,065
- Compensation of officers, directors and key employees
- $418,343
- Other salaries and wages
- $9,128,837
- Salaries, compensation and benefits (total)
- $11,367,476
- Professional fundraising fees
- $0
- Depreciation
- $1,307,220
- Program services (functional)
- $16,723,877
- Management and general (functional)
- $2,438,258
- Fundraising (functional)
- $405,792
Balance sheet and other
- Total assets, start of year
- $47,687,500
- Total assets, end of year
- $51,071,041
- Total liabilities, end of year
- $27,306,665
- Net assets, end of year
- $23,764,376
- Land, buildings and equipment
- $18,968,790
- Publicly traded securities
- $7,088,905
- Net assets without donor restrictions
- $18,560,306
- Net assets with donor restrictions
- $5,204,070
- Gross receipts
- $21,237,718
- Employees
- 301
- Volunteers
- 500
- Year formed
- 1966
- 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 | Other / benefits |
|---|---|---|---|---|
| Ed Ellison | Head of School Officer | 40 | $267,996 | $30,500 |
| Stephanine Medcalfe | Assistant Head of School for Academics Officer | 40 | $136,960 | $8,320 |
| Melissa Blackmon | Former Director of Advancement Former | 40 | $111,962 | $23,000 |
| Carla Whitwell | Director of Middle School Highest-paid employee | 40 | $124,656 | $10,131 |
| Shana Barclay | Former Assistant Head of School for Finance Former | 40 | $127,547 | $5,677 |
| George Holeman | Director of Upper School Highest-paid employee | 40 | $107,112 | $3,281 |
| Gene Whipple | Director of Technology Highest-paid employee | 40 | $110,025 | $0 |
| Chris Fikry | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Hal Kitchin | Vice Chair Trustee or director, Officer | 4 | $0 | $0 |
| Emily Garriott | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Kelly Burnette | Secretary Trustee or director, Officer | 4 | $0 | $0 |
| Koo MacQueen | Director Trustee or director | 4 | $0 | $0 |
| Mark Maynard Jr | Director Trustee or director | 4 | $0 | $0 |
| Suiter Currin | Director Trustee or director | 4 | $0 | $0 |
| Terri Powell | Director Trustee or director | 4 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Crystal Peebles | Director Trustee or director | 4 | $0 |
| Navita Bhaskar | Director Trustee or director | 4 | $0 |
| Jill Webb | Director Trustee or director | 4 | $0 |
| Tee Nunnelee | Director Trustee or director | 4 | $0 |
| Dick Moore | Director Trustee or director | 4 | $0 |
| Connor Keller | Director Trustee or director | 4 | $0 |
| Paul Colvin | Director Trustee or director | 4 | $0 |
| Beth Adams | Director Trustee or director | 4 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Ed Ellison | Head of School Officer | 40 | $221,209 | $30,000 |
| Shana Barclay | Asst Head of School for Fi Officer | 40 | $154,381 | $4,750 |
| Stephanie Medcalfe | Asst Head of School for Ac Highest-paid employee | 40 | $122,323 | $7,893 |
| Carla Whitwell | Midd School Division Direc Highest-paid employee | 40 | $107,887 | $10,322 |
| Gene Whipple | Director of Information Te Highest-paid employee | 40 | $104,088 | $0 |
| Connor Keller | Chair Trustee or director, Officer | 4 | $0 | $0 |
| Chris Fikry | Vice Chair Trustee or director, Officer | 4 | $0 | $0 |
| Jason Dahl | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Elizabeth Wells | Secretary Trustee or director, Officer | 4 | $0 | $0 |
| Matt Scharf | Director Trustee or director | 4 | $0 | $0 |
| Kelly Burnette | Director Trustee or director | 4 | $0 | $0 |
| Emily Garriott | Director Trustee or director | 4 | $0 | $0 |
| Porter Young | Director Trustee or director | 4 | $0 | $0 |
| Crystal Peebles | Director Trustee or director | 4 | $0 | $0 |
| Tripp Meine | Director Trustee or director | 4 | $0 | $0 |
| Jill Webb | Director Trustee or director | 4 | $0 | $0 |
| Tee Nunnelee | Director Trustee or director | 4 | $0 | $0 |
| Andrea Johnston | Director Trustee or director | 4 | $0 | $0 |
| Peter Kane | Director Trustee or director | 4 | $0 | $0 |
| Dick Moore | Director Trustee or director | 4 | $0 | $0 |
| Hal Kitchin | Director Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3900 COLLEGE RD S, WILMINGTON, NC 28412-2009
- Principal officer (990 for 2024)
- Chris Fikry, 3900 S College Road, Wilmington, NC 28412
- Signed the 990
- Emily Garriott, Treasurer
- Phone
- (910) 791-0287
- Website
- www.capefearacademy.org
- Return prepared by
- EARNEY Accountants & Advisors PLLC
Mission
To operate a private school for pre-kindergarten through grade 12 in Wilmington, NC
Program accomplishments
- In the 24-25 fiscal year, Cape Fear Academy operated a private school for pre-kindergarten through grade 12 in Wilmington, NC for 795 students.Expenses $16,723,877 · grants $2,232,065 · revenue $18,976,970
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
- 56-6075566
- 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
- 1966
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $51,071,041
- Income (IRS master file)
- $21,237,718
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,237,718 | $19,567,927 | $51,071,041 | XML |
| 990 | June 2024 | $19,420,344 | $17,535,707 | $47,687,500 | XML |
| 990 | June 2023 | $16,683,570 | $15,979,703 | $43,901,089 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-6075566).
Questions about CAPE FEAR ACADEMY INC
- What is the EIN of CAPE FEAR ACADEMY INC?
- The employer identification number (EIN) of CAPE FEAR ACADEMY INC is 56-6075566.
- Is CAPE FEAR ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
- Are donations to CAPE FEAR ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE FEAR 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 CAPE FEAR 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 CAPE FEAR 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 CAPE FEAR ACADEMY INC?
- The 990 for the year ended June 30, 2025 names Chris Fikry.
- Who are the officers and directors of CAPE FEAR ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 7 received compensation from the organization, the highest $267,996 (Ed Ellison, Head of School).
- How much revenue does CAPE FEAR ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,237,718, expenses of $19,567,927 and total assets of $51,071,041 at year end.
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