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Cumberland 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.

Donations to this organization are tax deductible.

Details

According to its Aug. 2022 tax filing, this nonprofit:

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

Summary charts: organization finances over time

Revenue
$22.8M (2022)

Expenses
$22.7M (2022)

Total Assets
$91.8M (2022)

Total Liabilities
$76.8M (2022)

Source: Form 990 tax filings from 2011 to 2022

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 Aug.
2023

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,775,705
Expenses
$22,654,759
Net Income
$120,946
Net Assets
$15,059,124
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,000
1.1%
Program Services $22,213,584
97.5%
Investment Income $69,651
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $242,470
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $225,732
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $10,722,295
47.3%
Assets/Debt
Total Assets $91,837,212
Total Liabilities $76,778,088
Net Assets $15,059,124
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $150,000 $0 $0
Nakeia Burrell (Former Coo) $75,732 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Bill Morales (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Charles Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,554,742
Expenses
$21,002,181
Net Income
$552,561
Net Assets
$14,938,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,271,208
98.7%
Investment Income $34,183
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $249,351
1.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $256,267
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $10,258,293
48.8%
Assets/Debt
Total Assets $90,731,403
Total Liabilities $75,793,225
Net Assets $14,938,178
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $150,000 $0 $0
Nakeia Burrell (Chief Operations Officer) $106,267 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Charles Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,998,506
Expenses
$19,766,061
Net Income
$3,232,445
Net Assets
$14,385,617
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,829,619
99.3%
Investment Income $13,373
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $218,114
0.9%
Net Fundraising $0
Sales of Assets -$62,600
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $253,257
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $9,704,038
49.1%
Assets/Debt
Total Assets $91,533,480
Total Liabilities $77,147,863
Net Assets $14,385,617
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $150,000 $0 $0
Nakeia Burrell (Chief Operations Officer) $103,257 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Charles Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,535,010
Expenses
$16,692,879
Net Income
$2,842,131
Net Assets
$11,153,172
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.0%
Program Services $19,335,009
99.0%
Investment Income $221
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$11,712
Net Inventory Sales $210,492
1.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,367
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $8,993,619
53.9%
Assets/Debt
Total Assets $70,147,913
Total Liabilities $58,994,741
Net Assets $11,153,172
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $137,367 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Charles Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,730,314
Expenses
$13,862,688
Net Income
$2,867,626
Net Assets
$8,311,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
0.0%
Program Services $16,518,606
98.7%
Investment Income $216
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,492
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $123,667
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $7,863,920
56.7%
Assets/Debt
Total Assets $57,077,103
Total Liabilities $48,766,062
Net Assets $8,311,041
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $123,667 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Chris Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,015,482
Expenses
$11,308,711
Net Income
$1,706,771
Net Assets
$5,443,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,769
0.0%
Program Services $12,993,961
99.8%
Investment Income $211
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,541
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,163
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $6,503,724
57.5%
Assets/Debt
Total Assets $44,109,305
Total Liabilities $38,665,890
Net Assets $5,443,415
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Executive Director) $107,163 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0
Frank Ward (Board Member) $0 $0 $0
Chris Moore (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,228,844
Expenses
$9,374,476
Net Income
$854,368
Net Assets
$3,736,644
Notable Sources of Revenue Percent of Total Revenue
Contributions $501
0.0%
Program Services $10,224,791
100.0%
Investment Income $3,552
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 $101,000
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,295,316
56.5%
Assets/Debt
Total Assets $28,510,205
Total Liabilities $24,773,561
Net Assets $3,736,644
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Superintendent) $101,000 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Vance Hendrix (Vice President) $0 $0 $0
Mary Irwin (Secretary) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,687,191
Expenses
$7,270,030
Net Income
$1,417,161
Net Assets
$2,760,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,681,707
99.9%
Investment Income $5,484
0.1%
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 $90,000
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,094,122
56.3%
Assets/Debt
Total Assets $18,924,264
Total Liabilities $16,163,271
Net Assets $2,760,993
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Superintendent) $90,000 $0 $0
Dr James Cotton (Board President) $0 $0 $0
Timothy Sherwood (Board Secretary) $0 $0 $0
Vance Hendrix (Board Member) $0 $0 $0
Mike Seamands (Board Member) $0 $0 $0
Susan Ellsworth (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,850,728
Expenses
$6,248,954
Net Income
$601,774
Net Assets
$1,343,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,850,684
100.0%
Investment Income $44
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 $86,000
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,385,127
54.2%
Assets/Debt
Total Assets $18,974,635
Total Liabilities $17,630,803
Net Assets $1,343,832
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Norma Cotton (Superintendent) $86,000 $0 $0
Dr James Cotton (Board President) $0 $0 $0
David Nelson (Board Member) $0 $0 $0
Teresa Farish (Board Member) $0 $0 $0
Timothy Sherwood (Board Secretary) $0 $0 $0
Vance Hendrix (Board Member) $0 $0 $0
Mike Seamands (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,782,805
Expenses
$3,785,459
Net Income
-$2,654
Net Assets
$742,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,027
0.1%
Program Services $3,780,778
99.9%
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 $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,488
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,797,314
47.5%
Assets/Debt
Total Assets $8,713,185
Total Liabilities $7,971,127
Net Assets $742,058

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,594,225
Expenses
$2,993,529
Net Income
$600,696
Net Assets
$766,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,200
0.3%
Program Services $3,583,025
99.7%
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 $0
Notable Expenses Percent of Total Expenses
Executive Compensation $129,050
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,394,194
46.6%
Assets/Debt
Total Assets $9,240,983
Total Liabilities $8,474,511
Net Assets $766,472

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,353,977
Expenses
$3,102,681
Net Income
$251,296
Net Assets
$165,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,525
0.0%
Program Services $3,361,753
> 100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$9,301
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $126,578
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,227,878
39.6%
Assets/Debt
Total Assets $659,677
Total Liabilities $493,901
Net Assets $165,776

Document Links

Fiscal Year Ending Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 Aug.
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 »

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  • 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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