Nonprofit · EIN 27-5002997
COROLLA EDUCATION FOUNDATION
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,450,243 | $593,108 | $857,135 | $3,438,738 | $577,326 | $2,861,412 |
| June 30, 2024 | 990 | $1,030,979 | $581,846 | $449,133 | $2,009,725 | $5,448 | $2,004,277 |
| June 30, 2023 | 990 | $1,197,260 | $545,243 | $652,017 | $1,557,964 | $2,820 | $1,555,144 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,395,487
- of which government grants
- $599,870
- Program service revenue
- $0
- Investment income
- $45,146
- Other revenue
- $9,610
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $378,452
- Salaries, compensation and benefits (total)
- $447,199
- Professional fundraising fees
- $0
- Legal fees
- $1,217
- Accounting fees
- $6,350
- Occupancy
- $22,372
- Travel
- $11,438
- Program services (functional)
- $531,251
- Management and general (functional)
- $61,857
Balance sheet and other
- Total assets, start of year
- $2,009,725
- Total assets, end of year
- $3,438,738
- Total liabilities, end of year
- $577,326
- Net assets, end of year
- $2,861,412
- Land, buildings and equipment
- $2,713,233
- Net assets without donor restrictions
- $2,861,412
- Gross receipts
- $1,450,243
- Employees
- 11
- Volunteers
- 17
- Year formed
- 2010
- 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 |
|---|---|---|---|
| MEGHAN AGRESTO | PRESIDENT Trustee or director, Officer | 12 | $0 |
| BRYAN DAGGETT | VICE PRESIDENT, TREASURER Trustee or director, Officer | 9 | $0 |
| ALLISON BROUGHTON | SECRETARY Trustee or director, Officer | 2 | $0 |
| AL MARZETTI | MEMBER Trustee or director | 3 | $0 |
| SUSAN TAYLOR | MEMBER Trustee or director | 2 | $0 |
| WAYNE EVANS | MEMBER Trustee or director | 8 | $0 |
| TONY CERRI | MEMBER Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGHAN AGRESTO | PRESIDENT Trustee or director, Officer | 16 | $0 |
| BRYAN DAGGETT | VICE PRESIDENT, TREASURER Trustee or director, Officer | 9 | $0 |
| ALLISON BROUGHTON | SECRETARY Trustee or director, Officer | 2 | $0 |
| AL MARZETTI | MEMBER Trustee or director | 3 | $0 |
| SUSAN TAYLOR | MEMBER Trustee or director | 2 | $0 |
| WAYNE EVANS | MEMBER Trustee or director | 5 | $0 |
| MARCY MOORE | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCY MOORE | MEMBER Trustee or director | 3 | $750 |
| MEGHAN AGRESTO | PRESIDENT Trustee or director, Officer | 15 | $0 |
| AL MARZETTI | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| BRYAN DAGGETT | TREASURER Trustee or director, Officer | 12 | $0 |
| ALLISON BROUGHTON | SECRETARY Trustee or director, Officer | 5 | $0 |
| SUSAN TAYLOR | MEMBER Trustee or director | 3 | $0 |
| WAYNE EVANS | MEMBER Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % BRIAN DAGGETTPER
- Principal officer (990 for 2024)
- MEGHAN AGRESTO, PO BOX 215, COROLLA, NC 27927
- Signed the 990
- MEGHAN AGRESTO, PRESIDENT
- Phone
- (252) 455-9449
- Website
- WWW.WATERSEDGEVILLAGE.COM
- Return prepared by
- SHARPE PATEL CPA
Mission
OPERATION OF A PUBLIC CHARTER SCHOOL TO PROMOTE EDUCATIONAL OPPORTUNITIES IN A REMOTE AREA
Program accomplishments
- OPERATION OF A PUBLIC CHARTER SCHOOL TO PROMOTE EDUCATIONAL OPPORTUNITIES IN A REMOTE AREAExpenses $531,251 · revenue $9,610
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
- 27-5002997
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,438,738
- Income (IRS master file)
- $1,450,243
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,450,243 | $593,108 | $3,438,738 | XML |
| 990 | June 2024 | $1,030,979 | $581,846 | $2,009,725 | XML |
| 990 | June 2023 | $1,197,260 | $545,243 | $1,557,964 | XML |
| 990 | June 2022 | $778,806 | $512,205 | $903,769 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 27-5002997).
Questions about COROLLA EDUCATION FOUNDATION
- What is the EIN of COROLLA EDUCATION FOUNDATION?
- The employer identification number (EIN) of COROLLA EDUCATION FOUNDATION is 27-5002997.
- Is COROLLA EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to COROLLA EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COROLLA EDUCATION FOUNDATION 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 COROLLA EDUCATION FOUNDATION 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 COROLLA EDUCATION FOUNDATION 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 COROLLA EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names MEGHAN AGRESTO.
- Who are the officers and directors of COROLLA EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does COROLLA EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,450,243, expenses of $593,108 and total assets of $3,438,738 at year end.
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All nonprofits in RUTHERFORDTON · North Carolina · Education