Nonprofit · EIN 85-2067737
FAITH ACADEMY CHARTER SCHOOL INC
Tax-exempt · SALISBURY, NC 28146
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,760,007 | $11,037,045 | $722,962 | $25,955,479 | $23,008,103 | $2,947,376 |
| June 30, 2024 | 990 | $9,133,786 | $8,810,324 | $323,462 | $30,461,167 | $28,236,753 | $2,224,414 |
| June 30, 2023 | 990 | $6,672,238 | $5,518,480 | $1,153,758 | $1,902,899 | $1,947 | $1,900,952 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $605,699
- of which government grants
- $382,039
- Program service revenue
- $11,154,308
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $4,623,425
- Salaries, compensation and benefits (total)
- $5,708,501
- Professional fundraising fees
- $0
- Legal fees
- $64,250
- Accounting fees
- $7,950
- Occupancy
- $152,159
- Depreciation
- $1,583,221
- Program services (functional)
- $8,163,974
- Management and general (functional)
- $2,873,071
Balance sheet and other
- Total assets, start of year
- $30,461,167
- Total assets, end of year
- $25,955,479
- Total liabilities, end of year
- $23,008,103
- Net assets, end of year
- $2,947,376
- Land, buildings and equipment
- $23,849,326
- Net assets without donor restrictions
- $2,947,376
- Gross receipts
- $11,760,007
- Employees
- 138
- Year formed
- 2020
- 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 |
|---|---|---|---|
| George Wilhelm | Chair Trustee or director, Officer | 1 | $0 |
| Gene Miller | Vice Chair Trustee or director, Officer | 1 | $0 |
| Nick Lefko | Secretary Trustee or director, Officer | 1 | $0 |
| Elizabeth Morrow | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Brinkley | Member Trustee or director | 1 | $0 |
| Robert Leslie | Member Trustee or director | 1 | $0 |
| Sheri Halpin | Member Trustee or director | 1 | $0 |
| John Hudson | Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| George Wilhelm | Chair Trustee or director, Officer | 1 | $0 |
| Gene Miller | Vice Chair Trustee or director, Officer | 1 | $0 |
| Tim Williams | Secretary Trustee or director, Officer | 1 | $0 |
| Elizabeth Morrow | Treasurer Trustee or director, Officer | 1 | $0 |
| Janna Griggs | Member Trustee or director | 1 | $0 |
| Chris Sease | Member Trustee or director | 1 | $0 |
| Nick Lefko | Member Trustee or director | 1 | $0 |
| Sarah Hensley | Executive Director Key employee | 40 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Hensley | Executive Director Key employee | 40 | $110,300 |
| George Wilhelm | Chair Trustee or director, Officer | 1 | $0 |
| Gene Miller | Vice Chair Trustee or director, Officer | 1 | $0 |
| Tim Williams | Secretary Trustee or director, Officer | 1 | $0 |
| Elizabeth Morrow | Treasurer Trustee or director, Officer | 1 | $0 |
| Janna Griggs | Member Trustee or director | 1 | $0 |
| Chris Sease | Member Trustee or director | 1 | $0 |
| Nick Lefko | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5760 MT HOPE CHURCH RD, SALISBURY, NC 28146-2339
- Principal officer (990 for 2024)
- George Wilhelm, PO Box 182, Faith, NC 28041
- Signed the 990
- George Wilhelm, Board Chair
- Phone
- (704) 603-8437
- Website
- faithacademync.org
- Return prepared by
- Rebekah Barr CPA PC
Mission
Operation of a public charter school
Program accomplishments
- Operation of a charter school in Faith, North Carolina, serving approximately 937 students in grades kindergarten through 8th for the fiscal year ended June 30, 2025.Expenses $8,163,974
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
- 85-2067737
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $25,955,479
- Income (IRS master file)
- $11,760,007
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,760,007 | $11,037,045 | $25,955,479 | XML |
| 990 | June 2024 | $9,133,786 | $8,810,324 | $30,461,167 | XML |
| 990 | June 2023 | $6,672,238 | $5,518,480 | $1,902,899 | XML |
| 990 | June 2022 | $4,976,073 | $4,228,879 | $759,115 | 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 85-2067737).
Questions about FAITH ACADEMY CHARTER SCHOOL INC
- What is the EIN of FAITH ACADEMY CHARTER SCHOOL INC?
- The employer identification number (EIN) of FAITH ACADEMY CHARTER SCHOOL INC is 85-2067737.
- Is FAITH ACADEMY CHARTER SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to FAITH ACADEMY CHARTER SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH ACADEMY 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 FAITH ACADEMY 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 FAITH ACADEMY 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 FAITH ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 names George Wilhelm.
- Who are the officers and directors of FAITH ACADEMY CHARTER SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does FAITH ACADEMY CHARTER SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,760,007, expenses of $11,037,045 and total assets of $25,955,479 at year end.
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