Nonprofit · EIN 83-2148694
WAKE MONARCH
Tax-exempt · RALEIGH, NC 27604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $439,488 | $445,340 | -$5,852 | $268,540 | $23,809 | $244,731 |
| June 30, 2024 | 990 | $517,344 | $364,864 | $152,480 | $264,019 | $13,061 | $250,958 |
| June 30, 2023 | 990 | $297,936 | $348,368 | -$50,432 | $110,500 | $14,557 | $95,943 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $239,993
- Program service revenue
- $103,668
- Investment income
- $7,328
- Net income from fundraising events
- $88,499
- Other revenue
- $88,499
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $86,083
- Other salaries and wages
- $76,964
- Salaries, compensation and benefits (total)
- $176,989
- Professional fundraising fees
- $0
- Legal fees
- $4,333
- Accounting fees
- $36,809
- Occupancy
- $24,060
- Travel
- $9,146
- Depreciation
- $1,029
- Program services (functional)
- $345,713
- Management and general (functional)
- $65,884
- Fundraising (functional)
- $33,743
Balance sheet and other
- Total assets, start of year
- $264,019
- Total assets, end of year
- $268,540
- Total liabilities, end of year
- $23,809
- Net assets, end of year
- $244,731
- Land, buildings and equipment
- $3,603
- Net assets without donor restrictions
- $244,731
- Gross receipts
- $464,071
- Employees
- 5
- Volunteers
- 25
- Year formed
- 2018
- 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 |
|---|---|---|---|
| Leah Wright | Head of School Officer | 40 | $84,767 |
| Lauren Williams | Co-Chair Trustee or director, Officer | 10 | $0 |
| Bonnie Duncan | Co-Chair Trustee or director, Officer | 10 | $0 |
| Will Newton | Treasurer Trustee or director, Officer | 10 | $0 |
| Ashley Riggleman | Secretary through January 2025 Trustee or director, Officer | 5 | $0 |
| Jacques Gilbert | Board Member Trustee or director | 2 | $0 |
| Jeremy Davis | Board Member Trustee or director | 5 | $0 |
| Rebecca Brigham | Board Member Trustee or director | 5 | $0 |
| Jacob Rodman | Board Member Trustee or director | 2 | $0 |
| Jay Holder | Board Member Trustee or director | 2 | $0 |
| Kenny Ferguson | Board Member Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leah Wright | Executive Director Officer | 40 | $82,465 |
| Bonnie Duncan | Co-Chair Trustee or director, Officer | 5 | $0 |
| Lauren Williams | Co-Chair Trustee or director, Officer | 5 | $0 |
| Rebecca Brigham | Board Member Effective Feb 2024 Trustee or director | 2 | $0 |
| Michelle Umstead | Board Member Trustee or director | 2 | $0 |
| Kenny Ferguson | Board Member Trustee or director | 2 | $0 |
| Stephanie Bourne | Board Member Trustee or director | 2 | $0 |
| Jay Holder | Board Member Effective Aug 2023 Trustee or director | 2 | $0 |
| Will Newton | Treasurer Effective Sept 2023 Trustee or director, Officer | 5 | $0 |
| Ashley Riggleman | Secretary Trustee or director, Officer | 5 | $0 |
| Jacob Rodman | Board Member Trustee or director | 2 | $0 |
| Jake Summers | Board Member Through Mar 2024 Trustee or director | 2 | $0 |
| Jimmy Wright | Board Member Through Dec 2023 Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEAH WRIGHT | EXECUTIVE DIRECTOR Officer | 40 | $78,157 |
| STEPHANIE BOURNE | CHAIR OF THE BOARD Trustee or director, Officer | 5 | $0 |
| BONNIE DUNCAN | VICE CHAIR Trustee or director, Officer | 5 | $0 |
| JAKE SUMMERS | TREASURER Trustee or director, Officer | 5 | $0 |
| KIM MORRIS | SECRETARY Trustee or director, Officer | 5 | $0 |
| MICHELLE UMSTEAD | DIRECTOR Trustee or director | 5 | $0 |
| JIMMY WRIGHT | DIRECTOR Trustee or director | 2 | $0 |
| JACOB RODMAN | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD AVERITTE | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN MEHLMAN | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| ASHLEY RIGGLEMAN | DIRECTOR Trustee or director | 2 | $0 |
| KENNY FERGUSON | DIRECTOR Trustee or director | 2 | $0 |
| TIFFANY VON REICHE | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 824 N BLOODWORTH ST, RALEIGH, NC 27604-1232
- Principal officer (990 for 2024)
- Will Newton, PO Box 462, Fuquay Varina, NC 27526
- Signed the 990
- Will Newton, Treasurer
- Phone
- (919) 925-6950
- Website
- www.wakemonarchacademy.org
- Return prepared by
- Outfitters4 Inc
Mission
Recovery from substance use disorder by youth.
Program accomplishments
- To create programs and environments aimed at the prevention, reduction of, and recovery from substance use disorder by youth.Expenses $345,713 · revenue $103,668
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
- 83-2148694
- 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 (B90)
- Assets (IRS master file)
- $268,540
- Income (IRS master file)
- $464,071
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $439,488 | $445,340 | $268,540 | XML |
| 990 | June 2024 | $517,344 | $364,864 | $264,019 | XML |
| 990 | June 2023 | $297,936 | $348,368 | $110,500 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | 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 83-2148694).
Questions about WAKE MONARCH
- What is the EIN of WAKE MONARCH?
- The employer identification number (EIN) of WAKE MONARCH is 83-2148694.
- Is WAKE MONARCH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to WAKE MONARCH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAKE MONARCH 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 WAKE MONARCH 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 WAKE MONARCH 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 WAKE MONARCH?
- The 990 for the year ended June 30, 2025 names Will Newton.
- Who are the officers and directors of WAKE MONARCH?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $84,767 (Leah Wright, Head of School).
- How much revenue does WAKE MONARCH have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $439,488, expenses of $445,340 and total assets of $268,540 at year end.
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