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Nonprofit · EIN 45-4339430

NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION

Tax-exempt (reinstated) · RUTHERFORDTON, NC 28139

Financials

$25.1M$26.8M2022$27.8M$23.6M2023$28M$24.2M2024
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$27,961,920$24,210,817$3,751,103$11,296,387$1,226,549$10,069,838
June 30, 2024990$27,847,139$23,587,306$4,259,833$8,100,095$1,781,360$6,318,735
June 30, 2023990$25,084,236$26,800,485-$1,716,249$3,924,206$1,865,304$2,058,902
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$27,663,926
Program service revenue
$297,994
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$12,110,096
Salaries, compensation and benefits (total)
$17,240,038
Professional fundraising fees
$0
Occupancy
$282,238
Depreciation
$277,162
Program services (functional)
$21,555,492
Management and general (functional)
$2,655,325

Balance sheet and other

Total assets, start of year
$8,100,095
Total assets, end of year
$11,296,387
Total liabilities, end of year
$1,226,549
Net assets, end of year
$10,069,838
Land, buildings and equipment
$335,621
Net assets without donor restrictions
$10,069,838
Gross unrelated business income
$297,994
Gross receipts
$27,961,920
Employees
222
Volunteers
0
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.

NameTitleHours / weekCompensationOther / benefits
JAMIE HILLSUPERINTENDENT
Highest-paid employee
40$153,218$27,785
JILL HAMMEGRENBOARD MEMBER
Trustee or director, Officer
0$0$0
ANGELA HOWARDVICE PRESIDENT
Trustee or director, Officer
0$0$0
DEBORA WILLIAMSTREASURER
Trustee or director, Officer
0$0$0
JULIE MARKSPRESIDENT
Trustee or director
0$0$0
AUDREY MARTIN-MCCOYBOARD MEMBER
Trustee or director
0$0$0
DEE RAYBOARD MEMBER
Trustee or director
0$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationOther / benefits
JAMIE HILLSUPERINTENDENT
Highest-paid employee
1$170,799$14,689
JILL HAMMEGRENBOARD MEMBER
Trustee or director, Officer
0$0$0
ANGELA HOWARDVICE PRESIDENT
Trustee or director, Officer
0$0$0
DEBORA WILLIAMSTREASURER
Trustee or director, Officer
0$0$0
JULIE MARKSPRESIDENT
Trustee or director
0$0$0
AUDREY MARTIN-MCCOYBOARD MEMBER
Trustee or director
0$0$0
DEE RAYSECRETARY
Trustee or director
0$0$0
JAMES MULLINSCHIEF OF STAFF
Trustee or director
0$0$0
990 for the year ended June 30, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
JAMIE HILLSUPERINTENDE
Highest-paid employee
40$170,799$24,896
JILL HAMMEGRENPRESIDENT
Trustee or director, Officer
–$0$0
ANGELA HOWARDSECRETARY
Trustee or director, Officer
–$0$0
JULIE MARKSBOARD MEMBER
Trustee or director
–$0$0
AUDREY MARTIN-MCCOYVICE PRESIDE
Trustee or director
–$0$0
DEE RAYBOARD MEMBER
Trustee or director
–$0$0
DEBORA WILLIAMSTREASURER
Trustee or director, Officer
–$0$0

Address and contacts

Address (IRS master file)
PO BOX 86, RUTHERFORDTON, NC 28139-0086
Mailing address (990-N for 2014)
2700 Meridian Parkway Suite 300, Durham NC 27713
Principal officer (990 for 2024)
JAMIE HILL, 2800 MERIDIAN PKWY SUITE 150, DURHAM, NC 27713
Principal officer (990-N for 2014)
Bryan Setser, 4 San Marcos Avenue, Durham NC 27703
Signed the 990
JAMIE HILL, SUPERINTENDENT
Phone
(919) 638-7056
Return prepared by
RH CPAS PLLC

Mission

TO EMPOWER CHILDREN WITH KNOWLEDGE, SKILLS, AND CHARACTER TRAITS TO BE SUCCESSFUL IN THEIR EDUCATION THROUGH AN ENGAGING, PERSONALIZED LEARNING EXPERIENCE IN A FULL-TIME VIRTUAL SCHOOL.

990 for the year ended June 30, 2025

Program accomplishments

  • NORTH CAROLINA CYBER ACADEMY IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 2,565 STUDENTS.
    Expenses $21,555,492
  • NORTH CAROLINA CYBER ACADEMY IS A PUBLIC SCHOOL OPERATED BY A NON- PROFIT CORPORATION, SERVING APPROXIMATELY 2,565 STUDENTS.

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
45-4339430
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$11,296,387
Income (IRS master file)
$27,961,920

Revocation and reinstatement

Exemption revoked
November 15, 2014
Posted by the IRS
February 9, 2015
Reinstated
Effective November 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$27,961,920$24,210,817$11,296,387IRS
990June 2024$27,847,139$23,587,306$8,100,095IRS
990June 2023$25,084,236$26,800,485$3,924,206XML
990June 2022$26,567,456$26,378,581$4,628,797IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS
990-N for 2014
Officer: Bryan Setser
June 30, 2015≤ $50,000 receipts––e-Postcard

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 45-4339430).

Questions about NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION

What is the EIN of NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION?
The employer identification number (EIN) of NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION is 45-4339430.
Is NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2014 and reinstated it effective November 15, 2014.
Are donations to NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION 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 NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION 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 NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION 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 NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION?
The 990 for the year ended June 30, 2025 names JAMIE HILL.
Who are the officers and directors of NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION?
The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $153,218 (JAMIE HILL, SUPERINTENDENT).
How much revenue does NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $27,961,920, expenses of $24,210,817 and total assets of $11,296,387 at year end.

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