Nonprofit · EIN 58-2360164
LAKE NORMAN 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 | $30,016,159 | $30,845,035 | -$828,876 | $97,198,091 | $100,241,802 | -$3,043,711 |
| June 30, 2024 | 990 | $28,054,535 | $27,787,446 | $267,089 | $71,305,261 | $73,520,096 | -$2,214,835 |
| June 30, 2023 | 990 | $29,219,652 | $24,540,777 | $4,678,875 | $69,234,798 | $71,966,194 | -$2,731,396 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $25,184,328
- of which government grants
- $24,147,199
- Program service revenue
- $1,465,439
- Investment income
- $1,022,139
- Net rental income
- $2,215,823
- Other revenue
- $2,344,253
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $28,347,292
- Management and general (functional)
- $2,497,743
Balance sheet and other
- Total assets, start of year
- $71,305,261
- Total assets, end of year
- $97,198,091
- Total liabilities, end of year
- $100,241,802
- Net assets, end of year
- -$3,043,711
- Land, buildings and equipment
- $39,826,520
- Gross receipts
- $30,016,159
- Employees
- 324
- Volunteers
- 200
- 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 | Other / benefits |
|---|---|---|---|---|
| SHANNON STEIN | MANAGING DIRECTOR Trustee or director | 40 | $188,613 | $45,342 |
| NICOLE BENFORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GREG KILPATRICK | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| AMY CARR | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| RIDGELY CHAPMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MICHAEL EASTWOOD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JARED TILLEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CRAIG RANDALL | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| GRAY MORRIS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DEREK SCREEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON STEIN | MANAGING DIRECTOR Trustee or director | 40 | $202,139 | $48,519 |
| NICOLE BENFORD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GREG KILPATRICK | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| AMY CARR | BOARD CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| RIDGELY CHAPMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MICHAEL EASTWOOD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ELIZABETH TIMKOVICH | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| JARED TILLEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| CRAIG RANDALL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| GRAY MORRIS | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON STEIN | MANAGING DIRECTOR Trustee or director | 40 | $167,933 | $40,719 |
| LESLIE FOGARTY | BOARD CHAIRPERSON Trustee or director, Officer | 3 | $0 | $0 |
| NICOLE BENFORD | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| GREG KILPATRICK | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| AMY CARR | VICE CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| RIDGELY CHAPMAN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JENNIFER JOHNSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MICHAEL EASTWOOD | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| ELIZABETH TIMKOVICH | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JARED TILLEY | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % TIM RIEMER
- Principal officer (990 for 2024)
- SHANNON STEIN, 12435 OLD STATESVILLE ROAD, HUNTERSVILLE, NC 18078
- Signed the 990
- SHANNON STEIN, SUPERINTENDENT
- Phone
- (704) 948-8600
- Website
- HTTP://WWW.LNCS.ORG/
- Return prepared by
- DMJPS PLLC
Mission
LAKE NORMAN CHARTER SCHOOL PREPARES STUDENTS TO BE COMMUNITY LEADERS DEMONSTRATING PERSONAL INTEGRITY WITH A LIFE-LONG DESIRE TO LEARN, LEAD AND SERVE.
Program accomplishments
- TO OPERATE A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 2,200 STUDENTS IN GRADES K-12. PROVIDE FACILITIES, TEACHERS, INSTRUCTIONAL SUPPLIES AND MATERIALS TO STUDENTS ENROLLED IN THE CHARTER SCHOOL.Expenses $28,347,292 · revenue $3,730,551
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
- 58-2360164
- 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
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $97,198,091
- Income (IRS master file)
- $30,016,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $30,016,159 | $30,845,035 | $97,198,091 | IRS |
| 990 | June 2024 | $28,054,535 | $27,787,446 | $71,305,261 | IRS |
| 990 | June 2023 | $29,219,652 | $24,540,777 | $69,234,798 | XML |
| 990 | June 2022 | $25,990,344 | $24,026,406 | $64,667,649 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 58-2360164).
Questions about LAKE NORMAN CHARTER SCHOOL INC
- What is the EIN of LAKE NORMAN CHARTER SCHOOL INC?
- The employer identification number (EIN) of LAKE NORMAN CHARTER SCHOOL INC is 58-2360164.
- Is LAKE NORMAN CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LAKE NORMAN CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE NORMAN 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 LAKE NORMAN 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 LAKE NORMAN 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 LAKE NORMAN CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names SHANNON STEIN.
- Who are the officers and directors of LAKE NORMAN CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $188,613 (SHANNON STEIN, MANAGING DIRECTOR).
- How much revenue does LAKE NORMAN CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $30,016,159, expenses of $30,845,035 and total assets of $97,198,091 at year end.
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