Nonprofit · EIN 81-3311675
APSEED EARLY CHILDHOOD EDUCATION INC
Tax-exempt · SALISBURY, NC 28144
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $2,310,221 | $1,304,542 | $1,005,679 | $2,640,711 | $23,649 | $2,617,062 |
| December 31, 2024 | 990-PF | $2,319,008 | $1,655,735 | $663,273 | $1,624,138 | $12,825 | $1,611,313 |
| December 31, 2023 | 990-PF | $1,883,767 | $1,839,269 | $44,498 | $1,615,846 | $695,160 | $920,686 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,850,914
- Dividends
- $73,799
- Interest
- $260
- Net gain from sales of assets
- $3,628
- Other income
- $381,620
Expenses
- Grants and similar amounts paid
- $7,969
- Compensation of officers, directors and key employees
- $236,298
- Salaries, compensation and benefits (total)
- $132,571
- Disbursements for charitable purposes
- $1,132,238
- Excise tax on investment income
- $1,080
Balance sheet and other
- Total assets, start of year
- $1,624,138
- Total assets, end of year
- $2,640,711
- Total liabilities, end of year
- $23,649
- Net assets, end of year
- $2,617,062
- Fair market value of assets
- $2,640,711
- Qualifying distributions
- $1,132,238
- Net investment income
- $77,687
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Alcorn 10 Pine Tree Rd, Salisbury, NC 28144 | Chair | 40 | $236,298 |
| JULIE R MORROW 311 COLONY DRIVE, MOORESVILLE, NC 28115 | Executive Director Highest-paid employee | 40 | $132,572 |
| Missie Alcorn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Greg Dunn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Beverly Hamilton 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Catrelia Hunter 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Tony Leach 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Philip Price 118-B South Main Street, Salisbury, NC 28144 | Treasurer | 2 | $0 |
| Dr Ozzie Reynolds 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Lynn Moody 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Gemale Black 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Tami Jackson Bucknar 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
990-PF for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Alcorn 10 Pine Tree Rd, Salisbury, NC 28144 | Chair | 40 | $217,308 |
| JULIE R MORROW 311 COLONY DRIVE, MOORESVILLE, NC 28115 | Executive Director Highest-paid employee | 40 | $130,000 |
| Missie Alcorn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Greg Dunn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Beverly Hamilton 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Catrelia Hunter 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Tony Leach 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Philip Price 118-B South Main Street, Salisbury, NC 28144 | Treasurer | 2 | $0 |
| Dr Ozzie Reynolds 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Lynn Moody 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Gemale Black 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Andrew Chambers 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
990-PF for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Greg Alcorn 10 Pine Tree Rd, Salisbury, NC 28144 | Chair | 40 | $185,000 |
| JULIE R MORROW 311 COLONY DRIVE, MOORESVILLE, NC 28115 | Executive Director Highest-paid employee | 40 | $110,000 |
| Missie Alcorn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Greg Dunn 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Beverly Hamilton 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Catrelia Hunter 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Tony Leach 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Philip Price 118-B South Main Street, Salisbury, NC 28144 | Treasurer | 2 | $0 |
| Dr Ozzie Reynolds 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Dr Lynn Moody 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Gemale Black 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
| Andrew Chambers 118-B South Main Street, Salisbury, NC 28144 | Board Member | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 118 S MAIN ST STE B, SALISBURY, NC 28144-4955
- Signed the 990-PF
- Greg Alcorn, Chair
- Phone
- (704) 647-9621
- Website
- apseed.org
- Return prepared by
- Foard and Company PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-3311675
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $2,640,711
- Income (IRS master file)
- $2,310,221
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $2,310,221 | $1,304,542 | $2,640,711 | XML |
| 990-PF | December 2024 | $2,319,008 | $1,655,735 | $1,624,138 | XML |
| 990-PF | December 2023 | $1,883,767 | $1,839,269 | $1,615,846 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 81-3311675).
Questions about APSEED EARLY CHILDHOOD EDUCATION INC
- What is the EIN of APSEED EARLY CHILDHOOD EDUCATION INC?
- The employer identification number (EIN) of APSEED EARLY CHILDHOOD EDUCATION INC is 81-3311675.
- Is APSEED EARLY CHILDHOOD EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to APSEED EARLY CHILDHOOD EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does APSEED EARLY CHILDHOOD EDUCATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of APSEED EARLY CHILDHOOD EDUCATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did APSEED EARLY CHILDHOOD EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of APSEED EARLY CHILDHOOD EDUCATION INC?
- The 990-PF for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $236,298 (Greg Alcorn, Chair).
- How much revenue does APSEED EARLY CHILDHOOD EDUCATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $2,310,221, expenses of $1,304,542 and total assets of $2,640,711 at year end.
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