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Corporation For Educational Partnerships

Southern Wake Academy

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 / Secondary, High School (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
$6.81M (2023)

Expenses
$8.37M (2023)

Total Assets
$14.9M (2023)

Total Liabilities
$22.1M (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
$6,809,831
Expenses
$8,367,078
Net Income
-$1,557,247
Net Assets
-$7,124,799
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,702,302
98.4%
Program Services $52,484
0.8%
Investment Income $617
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $9,107
0.1%
Net Fundraising $0
Sales of Assets -$13,422
Net Inventory Sales $0
Other Revenue $58,743
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $244,588
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,248,961
50.8%
Assets/Debt
Total Assets $14,939,082
Total Liabilities $22,063,881
Net Assets -$7,124,799
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Brittany Ray (Former Head) $144,149 $0 $0
Cole Wilson (Interim Head) $89,695 $0 $0
Amy Davis (Former Head) $10,744 $0 $0
Tricia Endicott (Director) $0 $0 $0
Amy Ferrell (Director) $0 $0 $0
Gary Leonard (Director) $0 $0 $0
Scott Schulze (Director) $0 $0 $0
Leslie Carwell (Secretary) $0 $0 $0
Darrell Cotton (Current Head) $0 $0 $0
Eric Rhineholt (Vice Preside) $0 $0 $0
Kay Smith (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,537,443
Expenses
$8,212,520
Net Income
$324,923
Net Assets
-$7,124,686
Notable Sources of Revenue Percent of Total Revenue
Contributions $385,968
4.5%
Program Services $8,084,883
94.7%
Investment Income $80
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $66,512
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $213,014
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,379,367
53.3%
Assets/Debt
Total Assets $15,164,109
Total Liabilities $22,288,795
Net Assets -$7,124,686
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr Brittany Ray (Head Of Scho) $43,645 $0 $0
Robin Henderson (President) $0 $0 $0
Lori Stokes (Vice Preside) $0 $0 $0
Kay Smith (Secretary) $0 $0 $0
Tripp Womble (Director) $0 $0 $0
Gary Leonard (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,432,177
Expenses
$9,019,397
Net Income
-$587,220
Net Assets
-$7,449,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $284,973
3.4%
Program Services $7,993,050
94.8%
Investment Income $71
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $154,083
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $177,593
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,678,797
40.8%
Assets/Debt
Total Assets $16,429,672
Total Liabilities $23,879,281
Net Assets -$7,449,609
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Lauren Grant (Interim Head) $73,098 $0 $0
Dr Don Schultz (Former Head) $28,770 $0 $0
Robin Henderson (President) $0 $0 $0
Lori Stokes (Vice Preside) $0 $0 $0
Kay Smith (Secretary) $0 $0 $0
Tripp Womble (Director) $0 $0 $0
Gary Leonard (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,780,467
Expenses
$8,754,588
Net Income
-$974,121
Net Assets
-$6,862,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $188,586
2.4%
Program Services $7,507,331
96.5%
Investment Income $173
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $84,377
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,526
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,196,790
47.9%
Assets/Debt
Total Assets $14,603,164
Total Liabilities $21,465,555
Net Assets -$6,862,391
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
David Thomas (Principal) $105,652 $0 $0
Robin Henderson (President) $0 $0 $0
Lori Stokes (Vice Preside) $0 $0 $0
Kay Smith (Secretary) $0 $0 $0
Tim Allen (Treasurer) $0 $0 $0
Gary Leonard (Director) $0 $0 $0
Greg Newkirk (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,107,870
Expenses
$7,811,673
Net Income
-$703,803
Net Assets
-$5,888,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $202,878
2.9%
Program Services $6,800,614
95.7%
Investment Income $240
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $104,138
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $104,885
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,765,503
48.2%
Assets/Debt
Total Assets $13,369,924
Total Liabilities $19,258,194
Net Assets -$5,888,270

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,457,687
Expenses
$6,140,708
Net Income
-$683,021
Net Assets
-$5,329,219
Notable Sources of Revenue Percent of Total Revenue
Contributions $125,284
2.3%
Program Services $5,267,708
96.5%
Investment Income $100
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,595
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $200,713
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,900,404
47.2%
Assets/Debt
Total Assets $11,084,796
Total Liabilities $16,414,015
Net Assets -$5,329,219

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,033,607
Expenses
$4,239,306
Net Income
-$205,699
Net Assets
$278,208
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,887,400
71.6%
Program Services $1,107,840
27.5%
Investment Income $117
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $38,250
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $68,000
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,275,731
53.7%
Assets/Debt
Total Assets $9,101,060
Total Liabilities $8,822,852
Net Assets $278,208

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,429,836
Expenses
$3,246,502
Net Income
$183,334
Net Assets
$362,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,429,836
100%
Program Services $0
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,809,571
55.7%
Assets/Debt
Total Assets $8,577,678
Total Liabilities $8,215,360
Net Assets $362,318
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Hough (Member) $0 $0 $0
Brooks M Stephenson (Member) $0 $0 $0
Lori Stokes (Secretary) $0 $0 $0
Kasey Davis (Treasurer) $0 $0 $0
Debby Warren (President) $0 $0 $0
Mike Heavy (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,634,666
Expenses
$2,524,452
Net Income
$110,214
Net Assets
$178,987
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,634,623
100.0%
Program Services $0
Investment Income $43
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,455,523
57.7%
Assets/Debt
Total Assets $6,149,957
Total Liabilities $5,970,970
Net Assets $178,987
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mark Hough (Member) $0 $0 $0
Marlyn Bridgman (Member) $0 $0 $0
Brooks M Stephenson (Member) $0 $0 $0
Kristie King (Member) $0 $0 $0
Lori Stokes (Secretary) $0 $0 $0
Kasey Davis (Treasurer) $0 $0 $0
Debby Warren (President) $0 $0 $0
Robert Mullen (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,983,700
Expenses
$1,693,570
Net Income
$290,130
Net Assets
$317,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,983,633
100.0%
Program Services $0
Investment Income $67
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $962,588
56.8%
Assets/Debt
Total Assets $2,324,069
Total Liabilities $2,006,522
Net Assets $317,547
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Debby Warren (Member) $0 $0 $0
Brooks M Stephenson (Member) $0 $0 $0
Robert Mullen (Member) $0 $0 $0
Mark Hough (President) $0 $0 $0
Mike Heavey (Vice President) $0 $0 $0
Lori Stokes (Secretary) $0 $0 $0
Kasey Davis (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,449,342
Expenses
$1,307,569
Net Income
$141,773
Net Assets
$27,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,449,342
100%
Program Services $0
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $750,750
57.4%
Assets/Debt
Total Assets $1,849,136
Total Liabilities $1,821,719
Net Assets $27,417

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$925,926
Expenses
$949,641
Net Income
-$23,715
Net Assets
-$114,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $925,926
100%
Program Services $0
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $574,889
60.5%
Assets/Debt
Total Assets $1,354,489
Total Liabilities $1,468,845
Net Assets -$114,356

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$813,309
Expenses
$944,185
Net Income
-$130,876
Net Assets
-$90,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $813,309
100%
Program Services $0
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $532,448
56.4%
Assets/Debt
Total Assets $1,394,478
Total Liabilities $1,485,119
Net Assets -$90,641

Document Links

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

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

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

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

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

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

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

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

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

Fiscal Year Ending June
2001

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

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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