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Nonprofit · EIN 45-5348770

NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC

Tax-exempt · MOORESVILLE, NC 28117

Financials

$40.2M$40M2022$46.3M$45.7M2023$53.7M$47.3M2024
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$53,667,588$47,256,924$6,410,664$66,881,232$75,716,965-$8,835,733
June 30, 2024990 (amended)$46,329,201$45,692,182$637,019$97,432,838$112,679,235-$15,246,397
June 30, 2023990$40,248,421$39,971,514$276,907$97,538,844$113,422,260-$15,883,416
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$43,757,575
of which government grants
$43,475,371
Program service revenue
$838,011
Investment income
$8,151,714
Net gain from sales of assets
$7,583,259
Other revenue
$920,288

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$17,532,148
Salaries, compensation and benefits (total)
$20,848,376
Professional fundraising fees
$0
Accounting fees
$591,026
Occupancy
$3,651,358
Travel
$780,493
Depreciation
$3,327,071
Program services (functional)
$27,639,157
Management and general (functional)
$19,617,767

Balance sheet and other

Total assets, start of year
$97,432,838
Total assets, end of year
$66,881,232
Total liabilities, end of year
$75,716,965
Net assets, end of year
-$8,835,733
Land, buildings and equipment
$46,980,166
Net assets without donor restrictions
-$17,434,408
Net assets with donor restrictions
$8,598,675
Gross receipts
$53,667,588
Employees
589
Volunteers
431
Year formed
2012
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 / weekCompensation
JAMES FONSECAPRESIDENT & TREASURER
Trustee or director, Officer
2$0
CHAD METZLERVICE PRESIDENT
Trustee or director, Officer
2$0
KELLY MILLIGANSECRETARY
Trustee or director, Officer
2$0
PRASHON LOVEDIRECTOR
Trustee or director
2$0
TOM KAKADELISDIRECTOR
Trustee or director
2$0
RENEE JEFFERSONDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
MARTIN CONWAYPRESIDENT
Trustee or director, Officer
2$0
BETH COMPTONVICE PRESIDENT
Trustee or director, Officer
2$0
JAMES FONSECATREASURER
Trustee or director, Officer
2$0
KELLY MILLIGANSECRETARY
Trustee or director, Officer
2$0
DAVE EDWARDSDIRECTOR
Trustee or director
2$0
CHAD METZLERDIRECTOR
Trustee or director
2$0
JESSICA RAINSTEINDIRECTOR
Trustee or director
2$0
PRASHON LOVEDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2023: 6 people
NameTitleHours / weekCompensation
BETH COMPTONVICE PRESIDE
Trustee or director, Officer
2$0
MARTIN CONWAYPRESIDENT
Trustee or director, Officer
2$0
JAMES FONSECATREASURER
Trustee or director, Officer
2$0
PRASHON LOVEDIRECTOR
Trustee or director
2$0
CHAD METZLERDIRECTOR
Trustee or director
2$0
KELLY MILLIGANDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
154 FOUNDATION CT, MOORESVILLE, NC 28117-9606
Principal officer (990 for 2024)
JAMES FONSECA, 154 FOUNDATION CT, MOORESVILLE, NC 28117
Signed the 990
JAMES FONSECA, PRESIDENT & TREASURER
Phone
(704) 910-8499
Return prepared by
SHARPE PATEL CPA

Mission

NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE FOUNDATION IS COMPRISED OF RESPECTED LEADERS IN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY EDUCATIONAL OPTIONS FOR THE STUDENTS AND FAMILIES OF NORTH CAROLINA.

990 for the year ended June 30, 2025

Program accomplishments

  • NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION OPERATED FOUR PUBLICLY FUNDED CHARTER SCHOOLS IN NORTH CAROLINA, PROVIDING EDUCATION TO APPROXIMATELY 3,660 STUDENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2025.
    Expenses $27,639,157 · revenue $1,758,299

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
45-5348770
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
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$66,881,232
Income (IRS master file)
$53,667,588

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$53,667,588$47,256,924$66,881,232IRS
990June 2024$46,329,201$45,692,182$97,432,838XML
990June 2023$40,248,421$39,971,514$97,538,844XML
990June 2022$37,909,289$37,781,737$99,990,421IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 45-5348770).

Questions about NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC

What is the EIN of NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC?
The employer identification number (EIN) of NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC is 45-5348770.
Is NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION 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 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION 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 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION 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 NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC?
The 990 for the year ended June 30, 2025 names JAMES FONSECA.
Who are the officers and directors of NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $53,667,588, expenses of $47,256,924 and total assets of $66,881,232 at year end.

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