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Wilmington Ace Charter Incorporated

  • Wilmington, NC
  • Tax-exempt since Feb. 2005
  • EIN: 13-4283294

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Education N.E.C. (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$1.16M (2023)

Expenses
$1.23M (2023)

Total Assets
$1.11M (2023)

Total Liabilities
$2.57M (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,160,426
Expenses
$1,229,366
Net Income
-$68,940
Net Assets
-$1,462,860
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,149,561
99.1%
Program Services $10,800
0.9%
Investment Income $65
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $109,937
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $507,605
41.3%
Assets/Debt
Total Assets $1,110,522
Total Liabilities $2,573,382
Net Assets -$1,462,860
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $89,831 $0 $0
Mary Rusher (Treasurer) $25,700 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Carlette Grissett (Secretary) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,234,952
Expenses
$1,146,081
Net Income
$88,871
Net Assets
-$1,631,836
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,932
10.2%
Program Services $1,109,020
89.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,166
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $573,609
50.0%
Assets/Debt
Total Assets $715,466
Total Liabilities $2,347,302
Net Assets -$1,631,836
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $84,237 $0 $0
Mary Rusher (Treasurer) $25,700 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
Carlette Grissett (Secretary) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 30, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,301,454
Expenses
$1,137,378
Net Income
$164,076
Net Assets
-$1,806,341
Notable Sources of Revenue Percent of Total Revenue
Contributions $138,248
10.6%
Program Services $1,163,206
89.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,910
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $557,128
49.0%
Assets/Debt
Total Assets $731,874
Total Liabilities $2,538,215
Net Assets -$1,806,341
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $79,628 $0 $0
Mary Rusher (Treasurer) $48,280 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Carlette Grissett (Director) $0 $0 $0
William Caton (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,284,072
Expenses
$1,258,352
Net Income
$25,720
Net Assets
-$1,970,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $113,561
8.8%
Program Services $1,169,398
91.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,113
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $73,900
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $560,472
44.5%
Assets/Debt
Total Assets $650,068
Total Liabilities $2,620,485
Net Assets -$1,970,417
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $71,850 $0 $0
Mary Rusher (Treasurer) $45,861 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Carlette Grissett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,239,747
Expenses
$1,218,008
Net Income
$21,739
Net Assets
-$1,996,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $100,931
8.1%
Program Services $1,138,051
91.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $765
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $68,775
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $612,613
50.3%
Assets/Debt
Total Assets $618,295
Total Liabilities $2,614,432
Net Assets -$1,996,137
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $67,556 $0 $0
Mary Rusher (Treasurer) $43,635 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
William Caton (Secretary) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Carlette Grissett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 7, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,228,242
Expenses
$1,265,682
Net Income
-$37,440
Net Assets
-$2,017,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $76,217
6.2%
Program Services $1,150,730
93.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $1,295
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,038
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $569,095
45.0%
Assets/Debt
Total Assets $484,903
Total Liabilities $2,502,779
Net Assets -$2,017,876
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $65,958 $0 $0
Mary Rusher (Treasurer) $42,080 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
Yolanda Rhodes (Vice Chair) $0 $0 $0
William Caton (Secretary) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Martha Terault (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 28, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,197,886
Expenses
$1,189,199
Net Income
$8,687
Net Assets
-$34,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,823
4.7%
Program Services $1,137,965
95.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $4,098
0.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $106,696
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $536,866
45.1%
Assets/Debt
Total Assets $515,771
Total Liabilities $549,973
Net Assets -$34,202
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson Non Voting (Principal) $65,002 $0 $0
Mary Rusher Non Voting (Business Man) $41,695 $0 $0
Valerie Galloway (Board Chair) $0 $0 $0
William Caton (Director) $0 $0 $0
Martha Terault (Director) $0 $0 $0
Ramona Ragin (Director) $0 $0 $0
Yolanda Rhodes (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 23, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,182,632
Expenses
$1,115,663
Net Income
$66,969
Net Assets
-$42,889
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,637
4.3%
Program Services $1,126,618
95.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,377
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,200
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $504,622
45.2%
Assets/Debt
Total Assets $205,730
Total Liabilities $248,619
Net Assets -$42,889
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Johnson (Principal) $60,100 $0 $0
Mary Rusher (Business Man) $37,100 $0 $0
Kenneth W Porter (Board Chair) $0 $0 $0
Valerie Galloway (Director) $0 $0 $0
Jamont Harris (Director) $0 $0 $0
Martha Terault (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,087,001
Expenses
$971,594
Net Income
$115,407
Net Assets
-$109,858
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,313
5.2%
Program Services $1,027,667
94.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,121
Net Inventory Sales $0
Other Revenue $8,142
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $92,362
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $454,536
46.8%
Assets/Debt
Total Assets $142,717
Total Liabilities $252,575
Net Assets -$109,858

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,063,286
Expenses
$1,057,405
Net Income
$5,881
Net Assets
-$34,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,236
7.0%
Program Services $984,516
92.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,534
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $55,000
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $502,674
47.5%
Assets/Debt
Total Assets $56,545
Total Liabilities $90,992
Net Assets -$34,447

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,058,954
Expenses
$1,068,399
Net Income
-$9,445
Net Assets
-$40,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $72,653
6.9%
Program Services $986,301
93.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,791
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $492,209
46.1%
Assets/Debt
Total Assets $19,472
Total Liabilities $59,800
Net Assets -$40,328

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$966,568
Expenses
$905,853
Net Income
$60,715
Net Assets
-$30,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $67,906
7.0%
Program Services $896,965
92.8%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,695
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $47,184
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $432,223
47.7%
Assets/Debt
Total Assets $46,952
Total Liabilities $77,835
Net Assets -$30,883

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$835,516
Expenses
$959,956
Net Income
-$124,440
Net Assets
-$91,598
Notable Sources of Revenue Percent of Total Revenue
Contributions $183,363
21.9%
Program Services $652,153
78.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $45,499
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $391,975
40.8%
Assets/Debt
Total Assets $35,085
Total Liabilities $126,683
Net Assets -$91,598

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,103,759
Expenses
$1,062,320
Net Income
$41,439
Net Assets
$32,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $115,324
10.4%
Program Services $970,347
87.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,088
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $78,117
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $475,047
44.7%
Assets/Debt
Total Assets $95,143
Total Liabilities $62,301
Net Assets $32,842

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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