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Socrates Academy Inc

  • Rutherfordton, NC
  • Tax-exempt since Feb. 2007
  • EIN: 20-1361228

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: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (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
$9.33M (2023)

Expenses
$8.61M (2023)

Total Assets
$8.98M (2023)

Total Liabilities
$13M (2023)

Source: Form 990 tax filings from 2012 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
$9,329,665
Expenses
$8,606,495
Net Income
$723,170
Net Assets
-$3,996,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,748,157
93.8%
Program Services $181,666
1.9%
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 $399,842
4.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $134,397
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,607,895
53.5%
Assets/Debt
Total Assets $8,977,389
Total Liabilities $12,974,100
Net Assets -$3,996,711
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Baker (Principal) $98,060 $0 $0
Lena Bakis (Business Manager) $36,337 $0 $0
John Couchell (President) $0 $0 $0
George Kokalis (Treasurer) $0 $0 $0
Antonis Stylianou (V President) $0 $0 $0
Zoi Philippakos (Member) $0 $0 $0
Rhonda Patterson (Member) $0 $0 $0
Klea Miho (Member) $0 $0 $0
Brenda Bilal (Member) $0 $0 $0
Janis Dellinger Holton (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on April 30, 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
$8,884,634
Expenses
$7,493,020
Net Income
$1,391,614
Net Assets
-$4,672,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,513,967
95.8%
Program Services $129,372
1.5%
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 $241,295
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $125,393
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,246,577
56.7%
Assets/Debt
Total Assets $5,671,073
Total Liabilities $10,343,867
Net Assets -$4,672,794
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Baker (Principal) $87,900 $0 $0
Lena Bakis (Business Manager) $37,493 $0 $0
John Couchell (Vice Pres) $0 $0 $0
Larry Peroulas (Pres) $0 $0 $0
Antonis Stylianou (V President) $0 $0 $0
Zoi Philippakos (Member) $0 $0 $0
Rhonda Patterson (Member) $0 $0 $0
Karen Gipson (Director) $0 $0 $0
Brenda Bilal (Director) $0 $0 $0
Klea Miho (Director) $0 $0 $0
Barry Robinson (Member) $0 $0 $0
+ View more people

Document Links

990
Filed on May 9, 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
$7,974,700
Expenses
$6,690,430
Net Income
$1,284,270
Net Assets
-$6,065,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,879,663
98.8%
Program Services $29,897
0.4%
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 $65,140
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $112,610
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,316,178
49.6%
Assets/Debt
Total Assets $4,819,836
Total Liabilities $10,884,952
Net Assets -$6,065,116
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Vanessa Baker (Principal) $75,700 $0 $0
Lena Bakis (Business Manager) $36,910 $0 $0
John Couchell (Vice Pres) $0 $0 $0
Larry Peroulas (Pres) $0 $0 $0
Antonis Stylianou (V President) $0 $0 $0
Zoi Philippakos (Member) $0 $0 $0
Rhonda Patterson (Member) $0 $0 $0
Karen Gipson (Director) $0 $0 $0
Brenda Bilal (Director) $0 $0 $0
Klea Miho (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 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
$6,940,900
Expenses
$7,026,557
Net Income
-$85,657
Net Assets
-$7,349,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,705,272
96.6%
Program Services $134,967
1.9%
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 $100,661
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $124,171
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,521,402
50.1%
Assets/Debt
Total Assets $3,971,311
Total Liabilities $11,320,742
Net Assets -$7,349,431
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Sandra Brighton (Principal) $88,398 $0 $0
Lena Bakis (Business Manager) $35,773 $0 $0
John Couchell (Vice Pres) $0 $0 $0
Larry Peroulas (Pres) $0 $0 $0
Antonis Stylianou (V President) $0 $0 $0
Zoi Philippakos (Dir) $0 $0 $0
Rhonda Patterson (Member) $0 $0 $0
Karen Gipson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on March 23, 2021

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

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,287,499
Expenses
$6,377,494
Net Income
-$89,995
Net Assets
-$7,263,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,027,025
95.9%
Program Services $130,588
2.1%
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 $129,886
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $32,028
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,421,360
53.6%
Assets/Debt
Total Assets $2,842,889
Total Liabilities $10,106,663
Net Assets -$7,263,774

Document Links

990

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

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,826,634
Expenses
$6,483,153
Net Income
-$656,519
Net Assets
-$7,173,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,544,261
95.2%
Program Services $148,152
2.5%
Investment Income $533
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $133,688
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $33,498
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,229,339
49.8%
Assets/Debt
Total Assets $2,257,221
Total Liabilities $9,431,004
Net Assets -$7,173,783

Document Links

990

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

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,692,582
Expenses
$5,774,125
Net Income
-$81,543
Net Assets
$473,267
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,401,832
94.9%
Program Services $134,094
2.4%
Investment Income $254
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $156,402
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,938,504
50.9%
Assets/Debt
Total Assets $2,387,931
Total Liabilities $1,914,664
Net Assets $473,267

Document Links

990

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

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,449,592
Expenses
$5,327,911
Net Income
$121,681
Net Assets
$554,810
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,201,925
95.5%
Program Services $92,492
1.7%
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 $155,175
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,801,547
52.6%
Assets/Debt
Total Assets $1,549,380
Total Liabilities $994,570
Net Assets $554,810

Document Links

990

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

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,183,298
Expenses
$5,050,327
Net Income
$132,971
Net Assets
$433,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,977,949
96.0%
Program Services $95,594
1.8%
Investment Income $270
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $109,485
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,586,920
51.2%
Assets/Debt
Total Assets $1,576,632
Total Liabilities $1,143,503
Net Assets $433,129

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
$5,161,537
Expenses
$5,116,529
Net Income
$45,008
Net Assets
$1,137,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,753,704
92.1%
Program Services $126,572
2.5%
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 $281,261
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,580,784
50.4%
Assets/Debt
Total Assets $1,305,287
Total Liabilities $168,087
Net Assets $1,137,200

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
$4,757,175
Expenses
$4,673,530
Net Income
$83,645
Net Assets
$1,092,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,528,177
95.2%
Program Services $121,118
2.5%
Investment Income $331
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $107,549
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,547,903
54.5%
Assets/Debt
Total Assets $1,198,348
Total Liabilities $106,156
Net Assets $1,092,192

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
$3,943,396
Expenses
$4,036,191
Net Income
-$92,795
Net Assets
$1,008,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,760,260
95.4%
Program Services $82,294
2.1%
Investment Income $742
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $100,100
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,135,950
52.9%
Assets/Debt
Total Assets $1,016,826
Total Liabilities $8,279
Net Assets $1,008,547

Document Links

990

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

PDF

Fiscal Year Ending June
2011

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
2010

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
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

Fiscal Year Ending June
2006

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.

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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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