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East Wake First Charter School

East Wake Academy
  • Rutherfordton, NC
  • Tax-exempt since Dec. 1999
  • EIN: 56-2076997

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 / Primary, Elementary Schools (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
$13.3M (2023)

Expenses
$11.3M (2023)

Total Assets
$19.6M (2023)

Total Liabilities
$29.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,305,899
Expenses
$11,310,622
Net Income
$1,995,277
Net Assets
-$9,922,537
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,794,088
96.2%
Program Services $307,241
2.3%
Investment Income $10,388
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $700
0.0%
Net Fundraising $103,253
0.8%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90,229
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,288,750
55.6%
Assets/Debt
Total Assets $19,577,620
Total Liabilities $29,500,157
Net Assets -$9,922,537
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
John Broadfoot (Chairman) $0 $0 $0
Heather Collier (Director) $0 $0 $0
Wayne Dupree (Director) $0 $0 $0
Stephanie Hall (Secretary) $0 $0 $0
Jamie Landrum (Vice Chair) $0 $0 $0
Joseph Tarlton (Director) $0 $0 $0
Tom Williams (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on May 13, 2024

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

View Filing
XML
Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,517,626
Expenses
$10,948,291
Net Income
$1,569,335
Net Assets
-$11,917,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $996,238
8.0%
Program Services $11,421,994
91.2%
Investment Income $178
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $17,673
0.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $81,543
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $247,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $5,534,127
50.5%
Assets/Debt
Total Assets $17,699,108
Total Liabilities $29,616,922
Net Assets -$11,917,814
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Gay (Superintende) $89,020 $0 $0
John Broadfoot (Chairman) $0 $0 $0
Jamie Landrum (Vice Chair) $0 $0 $0
Stephanie Hall (Secretary) $0 $0 $0
Tom Williams (Treasurer) $0 $0 $0
Heather Collier (Director) $0 $0 $0
Joseph Tarlton (Director) $0 $0 $0
Wayne Dupree (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2023

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

View Filing
XML
Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,394,430
Expenses
$10,852,762
Net Income
$541,668
Net Assets
-$13,487,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $496,008
4.4%
Program Services $10,840,068
95.1%
Investment Income $217
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $75
0.0%
Net Inventory Sales $0
Other Revenue $58,062
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $243,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,650,001
52.1%
Assets/Debt
Total Assets $17,731,293
Total Liabilities $31,218,442
Net Assets -$13,487,149
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Gay (Superintende) $130,295 $0 $0
John Broadfoot (Chairman) $0 $0 $0
Jamie Landrum (Vice Chair) $0 $0 $0
Stephanie Hall (Secretary) $0 $0 $0
Tom Williams (Treasurer) $0 $0 $0
Heather Collier (Director) $0 $0 $0
Joseph Tarlton (Director) $0 $0 $0
Wayne Dupree (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 14, 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
$11,016,702
Expenses
$10,842,251
Net Income
$174,451
Net Assets
-$14,028,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $444,380
4.0%
Program Services $10,509,405
95.4%
Investment Income $4,666
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,523
0.1%
Sales of Assets $300
0.0%
Net Inventory Sales $0
Other Revenue $45,428
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $168,500
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,639,867
52.0%
Assets/Debt
Total Assets $16,454,406
Total Liabilities $30,483,223
Net Assets -$14,028,817
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Gay (Superintende) $120,579 $0 $0
John Broadfoot (Chairman) $0 $0 $0
Jamie Landrum (Vice Chair) $0 $0 $0
Stephanie Hall (Secretary) $0 $0 $0
Tom Williams (Treasurer) $0 $0 $0
Tracie Hicks (Director) $0 $0 $0
Joseph Tarlton (Director) $0 $0 $0
Wayne Dupree (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 3, 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
$10,430,691
Expenses
$10,009,150
Net Income
$421,541
Net Assets
-$14,203,268
Notable Sources of Revenue Percent of Total Revenue
Contributions $315,675
3.0%
Program Services $10,041,656
96.3%
Investment Income $6,512
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $2,604
0.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,244
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $169,500
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,291,303
52.9%
Assets/Debt
Total Assets $16,397,133
Total Liabilities $30,600,401
Net Assets -$14,203,268
Other
Operated a school
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Stephen Gay (Superintende) $117,906 $0 $0
Michael Lester (Chairman) $0 $0 $0
Bill Ausley (Vice Chair) $0 $0 $0
John Broadfoot (Secretary) $0 $0 $0
Tom Williams (Treasurer) $0 $0 $0
Tracie Hicks (Director) $0 $0 $0
Jamie Landrum (Director) $0 $0 $0
Joseph Tarlton (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 5, 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
$9,931,794
Expenses
$10,128,101
Net Income
-$196,307
Net Assets
-$14,624,809
Notable Sources of Revenue Percent of Total Revenue
Contributions $366,791
3.7%
Program Services $9,505,172
95.7%
Investment Income $3,352
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $56,479
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $122,033
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,954,143
48.9%
Assets/Debt
Total Assets $15,958,057
Total Liabilities $30,582,866
Net Assets -$14,624,809

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
$9,317,673
Expenses
$9,507,819
Net Income
-$190,146
Net Assets
$956,516
Notable Sources of Revenue Percent of Total Revenue
Contributions $256,244
2.8%
Program Services $9,026,346
96.9%
Investment Income $1,070
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,013
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $146,000
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,648,918
48.9%
Assets/Debt
Total Assets $16,468,273
Total Liabilities $15,511,757
Net Assets $956,516

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
$9,188,549
Expenses
$9,062,079
Net Income
$126,470
Net Assets
$1,146,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $271,928
3.0%
Program Services $8,744,356
95.2%
Investment Income $345
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $171,920
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $319,425
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,586,532
50.6%
Assets/Debt
Total Assets $14,762,191
Total Liabilities $13,615,529
Net Assets $1,146,662

Document Links

990

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

PDF
Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,640,966
Expenses
$8,466,216
Net Income
$174,750
Net Assets
$1,020,192
Notable Sources of Revenue Percent of Total Revenue
Contributions $247,833
2.9%
Program Services $8,358,799
96.7%
Investment Income $1,657
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,677
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $121,060
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,484,470
53.0%
Assets/Debt
Total Assets $13,277,628
Total Liabilities $12,257,436
Net Assets $1,020,192

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
$8,234,605
Expenses
$8,382,353
Net Income
-$147,748
Net Assets
$2,948,049
Notable Sources of Revenue Percent of Total Revenue
Contributions $265,361
3.2%
Program Services $7,937,086
96.4%
Investment Income $1,649
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,942
0.0%
Net Inventory Sales $0
Other Revenue $26,567
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $115,000
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,277,053
51.0%
Assets/Debt
Total Assets $11,722,258
Total Liabilities $8,774,209
Net Assets $2,948,049

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
$8,234,964
Expenses
$8,258,116
Net Income
-$23,152
Net Assets
$3,095,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,000
3.0%
Program Services $7,947,002
96.5%
Investment Income $1,643
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,652
Net Inventory Sales $0
Other Revenue $38,971
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $38,333
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,256,004
51.5%
Assets/Debt
Total Assets $12,050,674
Total Liabilities $8,954,877
Net Assets $3,095,797

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
$7,954,727
Expenses
$7,896,698
Net Income
$58,029
Net Assets
$3,118,949
Notable Sources of Revenue Percent of Total Revenue
Contributions $319,447
4.0%
Program Services $7,605,208
95.6%
Investment Income $1,245
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $28,827
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $100,182
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,122,604
52.2%
Assets/Debt
Total Assets $12,223,776
Total Liabilities $9,104,827
Net Assets $3,118,949

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
$8,179,071
Expenses
$7,672,345
Net Income
$506,726
Net Assets
$3,060,920
Notable Sources of Revenue Percent of Total Revenue
Contributions $842,846
10.3%
Program Services $7,311,720
89.4%
Investment Income $1,076
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,429
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $113,333
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,020,829
52.4%
Assets/Debt
Total Assets $12,324,357
Total Liabilities $9,263,437
Net Assets $3,060,920

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

Fiscal Year Ending June
2005

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
2004

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
2003

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
2002

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

The data powering this website is available programmatically, via an API. Read the API documentation »

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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