Albemarle Educational Foundation Inc

Elizabeth Cty, NC
Tax-exempt since Oct. 1995
EIN: 56-0849318

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Type of Nonprofit

Designated as a 501(c)(3) 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 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Operated a school

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

Revenue

$1.83M (2024)

Expenses

$1.73M (2024)

Total Assets

$1.36M (2024)

Total Liabilities

$215k (2024)

Source: Form 990 tax filings from 2011 to 2024

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
2024

Revenue

$1,833,644

Expenses

$1,729,742

Net Income

$103,902

Net Assets

$1,141,988

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$50,480	2.8%
Program Services	$1,772,164	96.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$4,177	0.2%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,823	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,097,844	63.5%

Assets/Debt
Total Assets	$1,357,250
Total Liabilities	$215,262
Net Assets	$1,141,988

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Tracy Simpson (Headmaster)	$63,339	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Spiros Giannakopoulos (Board Member)	$0	$0	$0
Lori Meads (Board Member)	$0	$0	$0
Jacob Wemmering (Board Member)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0
Jessica James (Chairman)	$0	$0	$0
Georgia Perry (Secretary)	$0	$0	$0
Matt Scribner (Vice Chairma)	$0	$0	$0

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990

Filed on Nov. 6, 2024

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

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Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$1,718,752

Expenses

$1,633,263

Net Income

$85,489

Net Assets

$1,038,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$92,042	5.4%
Program Services	$1,558,458	90.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$63,371	3.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,881	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,029,049	63.0%

Assets/Debt
Total Assets	$1,055,839
Total Liabilities	$17,753
Net Assets	$1,038,086

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Tracy Simpson (Headmaster)	$61,887	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Lori Meads (Board Member)	$0	$0	$0
Georgia Perry (Secretary)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0
Jessica James (Vice Chairma)	$0	$0	$0
Matt Scribner (Board Member)	$0	$0	$0
Amy Warren (Chairman)	$0	$0	$0

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990

Filed on Nov. 14, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$1,741,688

Expenses

$1,525,652

Net Income

$216,036

Net Assets

$952,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$350,394	20.1%
Program Services	$1,335,336	76.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$44,637	2.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,321	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,007,996	66.1%

Assets/Debt
Total Assets	$959,285
Total Liabilities	$6,688
Net Assets	$952,597

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Tracy Simpson (Headmaster)	$58,541	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Lori Meads (Board Member)	$0	$0	$0
Georgia Perry (Board Member)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0
Jessica James (Vice Chairma)	$0	$0	$0
Tonya Jennings (Secretary)	$0	$0	$0
Amy Warren (Chairman)	$0	$0	$0

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990

Filed on Nov. 15, 2022

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

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Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$1,310,080

Expenses

$1,329,083

Net Income

-$19,003

Net Assets

$736,561

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$232,766	17.8%
Program Services	$1,047,675	80.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$21,437	1.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,202	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$901,735	67.8%

Assets/Debt
Total Assets	$923,305
Total Liabilities	$186,744
Net Assets	$736,561

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Melvin Hawkins (Headmaster)	$54,443	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Lori Meads (Board Member)	$0	$0	$0
Georgia Perry (Board Member)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0
Jessica James (Vice Chairma)	$0	$0	$0
Tonya Jennings (Secretary)	$0	$0	$0
Amy Warren (Chairman)	$0	$0	$0

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990

Filed on Oct. 27, 2021

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

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XML

Fiscal Year Ending June
2020

Revenue

$1,384,693

Expenses

$1,302,336

Net Income

$82,357

Net Assets

$755,564

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$41,395	3.0%
Program Services	$1,333,905	96.3%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$1,852	0.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,541	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$851,460	65.4%

Assets/Debt
Total Assets	$958,132
Total Liabilities	$202,568
Net Assets	$755,564

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Melvin Hawkins (Headmaster)	$35,754	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Georgia Perry (Board Member)	$0	$0	$0
Amy Bateman (Chairman)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0
Jessica James (Vice Chairma)	$0	$0	$0
Tonya Jennings (Secretary)	$0	$0	$0

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990

Filed on Nov. 16, 2020

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

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Fiscal Year Ending June
2019

Revenue

$1,390,981

Expenses

$1,290,119

Net Income

$100,862

Net Assets

$673,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,420	0.9%
Program Services	$1,333,057	95.8%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$36,428	2.6%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,076	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$858,751	66.6%

Assets/Debt
Total Assets	$759,446
Total Liabilities	$86,239
Net Assets	$673,207

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Holly Glenn (Headmistress)	$45,000	$0	$0
Georgia Perry (Board Member)	$0	$0	$0
Kathy Ford (Board Member)	$0	$0	$0
Amy Bateman (Chairman)	$0	$0	$0
Jessica James (Vice Chairma)	$0	$0	$0
Tonya Jennings (Secretary)	$0	$0	$0
Mark Delosreyes (Treasurer)	$0	$0	$0

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990

Filed on Nov. 15, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending June
2018

Revenue

$1,296,852

Expenses

$1,132,592

Net Income

$164,260

Net Assets

$572,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,946	0.2%
Program Services	$1,232,738	95.1%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$45,667	3.5%
Sales of Assets	$100	0.0%
Net Inventory Sales	$0
Other Revenue	$15,401	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$767,211	67.7%

Assets/Debt
Total Assets	$678,308
Total Liabilities	$105,963
Net Assets	$572,345

990

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

PDF

Fiscal Year Ending June
2017

Revenue

$1,110,376

Expenses

$1,049,106

Net Income

$61,270

Net Assets

$408,085

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$6,540	0.6%
Program Services	$1,038,930	93.6%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$52,352	4.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,554	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$702,368	66.9%

Assets/Debt
Total Assets	$474,057
Total Liabilities	$65,972
Net Assets	$408,085

990

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

PDF

Fiscal Year Ending June
2016

Revenue

$976,558

Expenses

$933,466

Net Income

$43,092

Net Assets

$346,815

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$124,423	12.7%
Program Services	$794,625	81.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$49,803	5.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,707	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$628,658	67.3%

Assets/Debt
Total Assets	$397,573
Total Liabilities	$50,758
Net Assets	$346,815

990

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

PDF

Fiscal Year Ending June
2015

Revenue

$915,246

Expenses

$871,262

Net Income

$43,984

Net Assets

$303,723

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,376	0.5%
Program Services	$844,172	92.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$63,549	6.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,149	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$576,182	66.1%

Assets/Debt
Total Assets	$345,066
Total Liabilities	$41,343
Net Assets	$303,723

990

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

PDF

Fiscal Year Ending June
2014

Revenue

$874,007

Expenses

$873,646

Net Income

$361

Net Assets

$259,739

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,170	2.5%
Program Services	$770,822	88.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$71,576	8.2%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,439	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$604,048	69.1%

Assets/Debt
Total Assets	$313,065
Total Liabilities	$53,326
Net Assets	$259,739

990

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

PDF

Fiscal Year Ending June
2013

Revenue

$851,954

Expenses

$893,721

Net Income

-$41,767

Net Assets

$259,378

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,750	0.7%
Program Services	$785,460	92.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$57,065	6.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,679	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$618,532	69.2%

Assets/Debt
Total Assets	$354,653
Total Liabilities	$95,275
Net Assets	$259,378

990

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

PDF

Fiscal Year Ending June
2012

Revenue

$953,796

Expenses

$959,483

Net Income

-$5,687

Net Assets

$301,145

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,280	0.6%
Program Services	$864,886	90.7%
Investment Income	$568	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$70,858	7.4%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,204	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$664,670	69.3%

Assets/Debt
Total Assets	$469,840
Total Liabilities	$168,695
Net Assets	$301,145

990

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

PDF

Fiscal Year Ending June
2011

Revenue

$1,033,605

Expenses

$1,051,058

Net Income

-$17,453

Net Assets

$306,832

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$935,656	90.5%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$76,946	7.4%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,003	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$722,366	68.7%

Assets/Debt
Total Assets	$533,300
Total Liabilities	$226,468
Net Assets	$306,832

990

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

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Updated December 20, 2024

Albemarle Educational Foundation Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $1.83M (2024)

Expenses $1.73M (2024)

Total Assets $1.36M (2024)

Total Liabilities $215k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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Fiscal Year Ending June 2023

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Compensation

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Fiscal Year Ending June 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending June 2019

Extracted Financial Data

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Other

Compensation

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Fiscal Year Ending June 2018

Extracted Financial Data

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Fiscal Year Ending June 2017

Extracted Financial Data

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Fiscal Year Ending June 2016

Extracted Financial Data

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Fiscal Year Ending June 2015

Extracted Financial Data

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Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$1.83M (2024)

Expenses

$1.73M (2024)

Total Assets

$1.36M (2024)

Total Liabilities

$215k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002