Nonprofit · EIN 81-3838227
MONROE CHARTER ACADEMY
Tax-exempt · HARRISBURG, NC 28075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,085,030 | $2,212,752 | -$127,722 | $306,606 | $328,303 | -$21,697 |
| June 30, 2024 | 990 | $2,204,143 | $2,117,940 | $86,203 | $337,143 | $231,118 | $106,025 |
| June 30, 2023 | 990 | $1,794,033 | $1,790,897 | $3,136 | $371,457 | $351,635 | $19,822 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,058,612
- of which government grants
- $2,056,153
- Program service revenue
- $1,461
- Investment income
- $0
- Other revenue
- $24,957
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $886,588
- Salaries, compensation and benefits (total)
- $1,051,810
- Professional fundraising fees
- $0
- Legal fees
- $53,704
- Accounting fees
- $7,000
- Occupancy
- $62,371
- Travel
- $33,658
- Depreciation
- $107,253
- Program services (functional)
- $1,593,951
- Management and general (functional)
- $618,801
Balance sheet and other
- Total assets, start of year
- $337,143
- Total assets, end of year
- $306,606
- Total liabilities, end of year
- $328,303
- Net assets, end of year
- -$21,697
- Land, buildings and equipment
- $106,680
- Net assets without donor restrictions
- -$21,697
- Gross receipts
- $2,085,030
- Employees
- 46
- Volunteers
- 7
- Year formed
- 2016
- 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 |
|---|---|---|---|
| ERIC HALL | CHAIR Trustee or director, Officer | 1 | $0 |
| JIM STEGALL | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MARCIA JETER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 |
| TERAE HILL | FACILITIES CHAIR/SECRETARY Trustee or director, Officer | 1 | $0 |
| WILLIE OWENS | FUNDRAISER CHAIR Trustee or director, Officer | 1 | $0 |
| VERMAINE SHELTON | ACADEMIC CHAIR Trustee or director, Officer | 1 | $0 |
| JERVONTAI THREATT | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM STEGALL | CHAIR Trustee or director, Officer | 1 | $0 |
| DR REVEREND ROBERT JAMES LIGHTSEY | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| MARCIA JETER | TREASURER Trustee or director, Officer | 1 | $0 |
| ERIC HALL | SECRETARY Trustee or director, Officer | 1 | $0 |
| WILLIE OWENS | BOARD MEMBER Trustee or director | 1 | $0 |
| TERAE HILL | BOARD MEMBER Trustee or director | 1 | $0 |
| FELICIA RATLIFF | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC HALL | BOARD MEMBER Trustee or director | 1 | $0 |
| TERAE HILL | BOARD MEMBER Trustee or director | 1 | $0 |
| MARCIA JETER | TREASURER Trustee or director | 1 | $0 |
| REVEREND DR ROBERT JAMES LIGHTSEY | VICE-PRESIDE Trustee or director | 1 | $0 |
| WILLIE OWENS | BOARD MEMBER Trustee or director | 1 | $0 |
| FELICIA RATLIFF | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM STEGALL | PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6035 HICKORY HOLLOW CT, HARRISBURG, NC 28075-3918
- In care of
- % EDDIE GOODALL
- Principal officer (990 for 2024)
- JIM STEGALL, 7513 BROOMES OLD MILL ROAD, WAXHAW, NC 28173
- Signed the 990
- JIM STEGALL, BOARD CHAIR
- Phone
- (980) 210-3627
- Website
- MONROECHARTERACADEMY.ORG
- Return prepared by
- SHARPE PATEL CPA
Mission
TO DEVELOP EACH CHILD INTO AN ACADEMICALLY THRIVING CITIZEN BY PARTNERING WITH PARENTS AND THE COMMUNITY, UTILIZING HIGH EXPECTATIONS AND A RIGOROUS CLASSICAL EDUCATION DELIVERED WITH PURPOSEFUL AND SPIRITED DEVOTION.
Program accomplishments
- THE ORGANIZATION OPERATED AS A PUBLIC CHARTER SCHOOL IN MONROE, NORTH CAROLINA, SERVING APPROXIMATELY 104 STUDENTS DURING THE FISCAL YEAR ENDED JUNE 30,2025.Expenses $1,593,951 · revenue $26,418
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
- 81-3838227
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $306,606
- Income (IRS master file)
- $2,085,030
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,085,030 | $2,212,752 | $306,606 | IRS |
| 990 | June 2024 | $2,204,143 | $2,117,940 | $337,143 | XML |
| 990 | June 2023 | $1,794,033 | $1,790,897 | $371,457 | XML |
| 990 | June 2022 | $1,510,535 | $1,438,909 | $430,213 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 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 81-3838227).
Questions about MONROE CHARTER ACADEMY
- What is the EIN of MONROE CHARTER ACADEMY?
- The employer identification number (EIN) of MONROE CHARTER ACADEMY is 81-3838227.
- Is MONROE CHARTER ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MONROE CHARTER ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONROE CHARTER ACADEMY 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 MONROE CHARTER ACADEMY 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 MONROE CHARTER ACADEMY 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 MONROE CHARTER ACADEMY?
- The 990 for the year ended June 30, 2025 names JIM STEGALL.
- Who are the officers and directors of MONROE CHARTER ACADEMY?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does MONROE CHARTER ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,085,030, expenses of $2,212,752 and total assets of $306,606 at year end.
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