Nonprofit · EIN 87-2049944
VERSADEMICS LEARNING CENTERS
Tax-exempt · WINTERVILLE, NC 28590
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $264,367 | $245,198 | $19,169 | $36,420 | $21,193 | $15,227 |
| December 31, 2024 | 990-EZ | $190,795 | $197,184 | -$6,389 | $11,725 | $15,667 | -$3,942 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $74,109
- Program service revenue
- $189,525
- Investment income
- $15
- Other revenue
- $718
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $25,110
- Other salaries and wages
- $60,861
- Salaries, compensation and benefits (total)
- $93,197
- Professional fundraising fees
- $0
- Legal fees
- $531
- Accounting fees
- $1,318
- Occupancy
- $32,140
- Travel
- $1,240
- Depreciation
- $3,772
- Program services (functional)
- $170,934
- Management and general (functional)
- $74,264
Balance sheet and other
- Total assets, start of year
- $11,725
- Total assets, end of year
- $36,420
- Total liabilities, end of year
- $21,193
- Net assets, end of year
- $15,227
- Net assets without donor restrictions
- $15,227
- Gross receipts
- $264,367
- Employees
- 21
- Volunteers
- 5
- Year formed
- 2022
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON LAM | EXECUTIVE DIRECTOR Key employee | 20 | $25,110 |
| JOSH FAULKNER Jr | BOARD MEMBER Trustee or director | 2 | $0 |
| JULIE STANLEY | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| LEAUNDRA CLAY | SECRETARY Trustee or director, Officer | 2 | $0 |
| DEWITT NEWKIRK | BOARD MEMBER Trustee or director | 2 | $0 |
| TARRICK COX | CHAIRMAN Trustee or director | 2 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON LAM | EXECUTIVE DIRECTOR | 20 | $21,540 |
| JOSH FAULKNER JR | BOARD MEMBER | 2 | $0 |
| JULIE STANLEY | VICE CHAIRMAN | 2 | $0 |
| LEAUNDRA CLAY | SECRETARY | 2 | $0 |
| DEWITT NEWKIRK | BOARD MEMBER | 2 | $0 |
| STAFFORD DANIELS | BOARD MEMBER | 2 | $0 |
| TARRICK COX | CHAIRMAN | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 3950 VICTORY LN, WINTERVILLE, NC 28590-9222
- In care of
- % BRANDON LAMM
- Mailing address (990-N for 2021)
- 3107 Evans Street Unit D, Greenville NC 27834
- Principal officer (990-N for 2021)
- BRANDON HUY LAM, 4220 Dudleys Grant Dr APT D, Winterville NC 28590
- Signed the 990
- BRANDON LAMM, EXECUTIVE DIRECTOR
- Phone
- (252) 493-6243
- Website
- VERSADEMICS.ORG
- Return prepared by
- Murphy & Bunch CPAs PA
Mission
TO PROVIDE OPPORTUNITIES FOR HOLISTIC GROWTH & TO CONTRIBUTE TO THE DEVELOPMENT OF VERSATILE SCHOLARS WHO WILL BE WELL EQUIPPED TO DISCOVER THEIR TALENTS AND CHANGE OUR WORLD
Program accomplishments
- AFTER SCHOOL, TUTORING, SUMMER CAMPExpenses $170,934 · revenue $189,525
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 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 87-2049944
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $36,420
- Income (IRS master file)
- $264,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $264,367 | $245,198 | $36,420 | XML |
| 990-EZ | December 2024 | $190,795 | $197,184 | $11,725 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: BRANDON HUY LAM | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2049944).
Questions about VERSADEMICS LEARNING CENTERS
- What is the EIN of VERSADEMICS LEARNING CENTERS?
- The employer identification number (EIN) of VERSADEMICS LEARNING CENTERS is 87-2049944.
- Is VERSADEMICS LEARNING CENTERS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to VERSADEMICS LEARNING CENTERS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERSADEMICS LEARNING CENTERS 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 VERSADEMICS LEARNING CENTERS 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 VERSADEMICS LEARNING CENTERS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VERSADEMICS LEARNING CENTERS?
- The 990-N for 2021 names BRANDON HUY LAM.
- Who are the officers and directors of VERSADEMICS LEARNING CENTERS?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $25,110 (BRANDON LAM, EXECUTIVE DIRECTOR).
- How much revenue does VERSADEMICS LEARNING CENTERS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $264,367, expenses of $245,198 and total assets of $36,420 at year end.
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