Nonprofit · EIN 20-1361228
SOCRATES ACADEMY INC
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,730,688 | $11,938,747 | $1,791,941 | $10,209,723 | $14,077,955 | -$3,868,232 |
| June 30, 2024 | 990 | $10,640,730 | $12,304,192 | -$1,663,462 | $7,692,920 | $13,353,093 | -$5,660,173 |
| June 30, 2023 | 990 | $9,329,665 | $8,606,495 | $723,170 | $8,977,389 | $12,974,100 | -$3,996,711 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,692,773
- of which government grants
- $11,486,834
- Program service revenue
- $300,360
- Investment income
- $38,365
- Other revenue
- $1,699,190
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $184,991
- Other salaries and wages
- $5,293,980
- Salaries, compensation and benefits (total)
- $8,339,072
- Professional fundraising fees
- $0
- Legal fees
- $38,157
- Accounting fees
- $8,200
- Occupancy
- $1,743,606
- Travel
- $27,672
- Depreciation
- $10,807
- Program services (functional)
- $9,201,891
- Management and general (functional)
- $2,736,856
Balance sheet and other
- Total assets, start of year
- $7,692,920
- Total assets, end of year
- $10,209,723
- Total liabilities, end of year
- $14,077,955
- Net assets, end of year
- -$3,868,232
- Land, buildings and equipment
- $547,621
- Net assets without donor restrictions
- -$3,868,232
- Gross receipts
- $13,730,688
- Employees
- 165
- Volunteers
- 200
- Year formed
- 2004
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vanessa Baker | Principal Trustee or director, Key employee, Highest-paid employee | 40 | $102,373 |
| Lena Bakis | Business Manager Key employee | 40 | $42,508 |
| Vanessa Morgan | Asst Business Mgr Key employee | 40 | $40,110 |
| John Couchell | President Trustee or director, Officer | 2 | $0 |
| Despina Koumantarous | Treasurer Trustee or director, Officer | 2 | $0 |
| Antonis Stylianou | V President Trustee or director, Officer | 2 | $0 |
| Zoi Philippakos | Member Trustee or director | 2 | $0 |
| Dr Premkumar Pugalenthi | Member Trustee or director | 2 | $0 |
| Klea Miho | Member Trustee or director | 2 | $0 |
| Brenda Bilal | Member Trustee or director | 2 | $0 |
| Janis Dellinger-Holton | Member Trustee or director | 2 | $0 |
| Ryan Leak | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vanessa Baker | Principal Trustee or director, Key employee, Highest-paid employee | 40 | $112,835 |
| Vanessa Morgan | Asst Business Mgr Key employee | 40 | $43,459 |
| Lena Bakis | Business Manager Key employee | 40 | $33,056 |
| John Couchell | President Trustee or director, Officer | 2 | $0 |
| George Kokalis | Treasurer Trustee or director, Officer | 2 | $0 |
| Antonis Stylianou | V President Trustee or director, Officer | 2 | $0 |
| Zoi Philippakos | Member Trustee or director | 2 | $0 |
| Rhonda Patterson | Member Trustee or director | 2 | $0 |
| Klea Miho | Member Trustee or director | 2 | $0 |
| Brenda Bilal | Member Trustee or director | 2 | $0 |
| Janis Dellinger-Holton | Member Trustee or director | 2 | $0 |
| Barry Robinson | Secretary Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vanessa Baker | Principal Trustee or director, Key employee, Highest-paid employee | 40 | $98,060 |
| Lena Bakis | Business Manager Key employee | 40 | $36,337 |
| John Couchell | President Trustee or director, Officer | 2 | $0 |
| George Kokalis | Treasurer Trustee or director, Officer | 2 | $0 |
| Antonis Stylianou | V President Trustee or director, Officer | 2 | $0 |
| Zoi Philippakos | Member Trustee or director | 2 | $0 |
| Rhonda Patterson | Member Trustee or director | 2 | $0 |
| Klea Miho | Member Trustee or director | 2 | $0 |
| Brenda Bilal | Member Trustee or director | 2 | $0 |
| Janis Dellinger-Holton | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % JOHN NICK COUCHELL
- Principal officer (990 for 2024)
- John Couchell, 3909 Weddington Rd, Matthews, NC 28105
- Signed the 990
- John Couchell, President
- Phone
- (704) 321-1711
- Return prepared by
- Darrell L Keller CPA PA
Mission
Operate a charter school.
Program accomplishments
- Operate a public charter school.Expenses $9,201,891 · revenue $13,730,688
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1361228
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $10,209,723
- Income (IRS master file)
- $13,730,688
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,730,688 | $11,938,747 | $10,209,723 | XML |
| 990 | June 2024 | $10,640,730 | $12,304,192 | $7,692,920 | IRS |
| 990 | June 2023 | $9,329,665 | $8,606,495 | $8,977,389 | XML |
| 990 | June 2022 | $8,884,634 | $7,493,020 | $5,671,073 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1361228).
Questions about SOCRATES ACADEMY INC
- What is the EIN of SOCRATES ACADEMY INC?
- The employer identification number (EIN) of SOCRATES ACADEMY INC is 20-1361228.
- Is SOCRATES ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to SOCRATES ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOCRATES ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOCRATES ACADEMY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOCRATES ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOCRATES ACADEMY INC?
- The 990 for the year ended June 30, 2025 names John Couchell.
- Who are the officers and directors of SOCRATES ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 3 received compensation from the organization, the highest $102,373 (Vanessa Baker, Principal).
- How much revenue does SOCRATES ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,730,688, expenses of $11,938,747 and total assets of $10,209,723 at year end.
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All nonprofits in RUTHERFORDTON · North Carolina · Education