Nonprofit · EIN 75-2855333
PANOLA SCHOOL
Also known as PANOLA CHARTER SCHOOL
Tax-exempt · CARTHAGE, TX 75633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,173,771 | $2,000,965 | $172,806 | $3,009,317 | $617,048 | $2,392,269 |
| August 31, 2024 | 990 | $2,322,339 | $2,191,229 | $131,110 | $2,884,970 | $665,507 | $2,219,463 |
| August 31, 2023 | 990 | $2,354,846 | $2,133,042 | $221,804 | $2,758,048 | $669,695 | $2,088,353 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,173,771
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $1,170,294
- Professional fundraising fees
- $0
- Legal fees
- $65,376
- Travel
- $12,117
- Depreciation
- $178,215
- Program services (functional)
- $1,113,525
- Management and general (functional)
- $887,440
Balance sheet and other
- Total assets, start of year
- $2,884,970
- Total assets, end of year
- $3,009,317
- Total liabilities, end of year
- $617,048
- Net assets, end of year
- $2,392,269
- Land, buildings and equipment
- $2,250,199
- Net assets without donor restrictions
- $49,977
- Net assets with donor restrictions
- $2,342,292
- Gross receipts
- $2,173,771
- Employees
- 21
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- TX
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Worley | CEO/Superintendent Officer, Key employee, Highest-paid employee, Former | 40 | $0 |
| Carlton Shamburger | President Trustee or director | 1 | $0 |
| Todd Malone | Vice President Trustee or director | 1 | $0 |
| Martin Clark Sr | Secretary Trustee or director | 1 | $0 |
| Glenda Clabaugh | Trustee Trustee or director | 1 | $0 |
| Janet Humber | Trustee Trustee or director | 1 | $0 |
| Jim Holder | Trustee Trustee or director | 1 | $0 |
| Polly Maines | Trustee Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Worley | CEO/Superintendent Officer, Key employee, Highest-paid employee, Former | 40 | $0 |
| Carlton Shamburger | President Trustee or director | 1 | $0 |
| Todd Malone | Vice President Trustee or director | 1 | $0 |
| Martin Clark Sr | Secretary Trustee or director | 1 | $0 |
| Glenda Clabaugh | Trustee Trustee or director | 1 | $0 |
| Janet Humber | Trustee Trustee or director | 1 | $0 |
| Jim Holder | Trustee Trustee or director | 1 | $0 |
| Polly Maines | Trustee Trustee or director | 1 | $0 |
990 for the year ended August 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Worley | CEO/Superintendent Officer, Key employee, Highest-paid employee, Former | 40 | $91,965 |
| Carlton Shamburger | President Trustee or director | 1 | $0 |
| Todd Malone | Vice President Trustee or director | 1 | $0 |
| Martin Clark Sr | Secretary Trustee or director | 1 | $0 |
| Glenda Clabaugh | Trustee Trustee or director | 1 | $0 |
| Janet Humber | Trustee Trustee or director | 1 | $0 |
| Jim Holder | Trustee Trustee or director | 1 | $0 |
| Polly Maines | Trustee Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 610, CARTHAGE, TX 75633-0610
- In care of
- % DEBORAH J BRADLEY
- Principal officer (990 for 2024)
- CHARLES WORLEY, P O BOX 610, CARTHAGE, TX 75633
- Signed the 990
- CHARLES WORLEY, EXECUTIVE DIRECTOR
- Phone
- (903) 693-6355
- Return prepared by
- Kathy Ballard
Mission
TO PROVIDE HIGH SCHOOL CURRICULA FOR STUDENTS IN GRADES 8-12. tHE SCHOOL OPERATES UNDER AN OPEN-ENROLLMENT CHARTER GRANTED BY THE TEXAS BOARD OF EDUCATION AND IS PART OF THE PUBLIC SCHOOL SYSTEM OF TEXAS.
Program accomplishments
- THE SCHOOL OFFERS EDUCATION FOR STUDENTS IN GRADES 8-12.Expenses $1,113,525 · revenue $2,173,771
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-2855333
- 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
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25)
- Assets (IRS master file)
- $3,009,317
- Income (IRS master file)
- $2,173,771
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,173,771 | $2,000,965 | $3,009,317 | XML |
| 990 | August 2024 | $2,322,339 | $2,191,229 | $2,884,970 | XML |
| 990 | August 2023 | $2,354,846 | $2,133,042 | $2,758,048 | IRS |
| 990 | August 2022 | $2,321,650 | $1,988,480 | $2,584,019 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | 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 75-2855333).
Questions about PANOLA SCHOOL
- What is the EIN of PANOLA SCHOOL?
- The employer identification number (EIN) of PANOLA SCHOOL is 75-2855333.
- Is PANOLA SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to PANOLA SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PANOLA SCHOOL 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 PANOLA SCHOOL due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANOLA SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of PANOLA SCHOOL?
- The 990 for the year ended August 31, 2025 names CHARLES WORLEY.
- Who are the officers and directors of PANOLA SCHOOL?
- The 990 for the year ended August 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does PANOLA SCHOOL have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,173,771, expenses of $2,000,965 and total assets of $3,009,317 at year end.
Other nonprofits in CARTHAGE
- CARTHAGE ISD EDUCATION FOUNDATION INC EIN 02-0605405 · last filed 990 for 2025
- SAMMY BROWN LIBRARY EIN 30-0220737 · last filed 990 for 2025
- CARTHAGE ATHLETIC BOOSTERS CLUB EIN 47-5299648 · last filed 990-EZ for 2025
- PANOLA COUNTY CATTLEMENS ASSOCIATION INC EIN 75-2320359 · last filed 990-EZ for 2025
- STEVE BYRON WALKER JR MEMORIAL SCHOLARSHIP FUND EIN 75-2598629 · last filed 990-PF for 2025
- ROTARY CLUB OF CARTHAGE FOUNDATION EIN 85-3571153 · last filed 990-N for 2024
- PANOLA AG BOOSTERS EIN 92-3742924 · last filed 990-N for 2025
- BRANDON SEEGERS MEMORIAL SCHOLARSHIP FOUNDATION EIN 84-3953832 · last filed 990-N for 2025