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Nonprofit · EIN 46-1167805

FALLS LAKE ACADEMY INC

Tax-exempt · CREEDMOOR, NC 27522

Financials

$12.8M$11.8M2022$13.7M$12.9M2023$14M$13.2M2024
Revenue Expenses · by fiscal year end
Financials of FALLS LAKE ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$13,987,000$13,162,561$824,439$25,478,423$19,085,076$6,393,347
June 30, 2024990$13,682,611$12,852,693$829,918$24,911,864$19,342,956$5,568,908
June 30, 2023990$12,803,354$11,849,255$954,099$24,418,135$19,679,145$4,738,990
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$12,948,202
of which government grants
$12,948,202
Program service revenue
$799,190
Investment income
$224,309
Other revenue
$15,299

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$13,162,561

Balance sheet and other

Total assets, start of year
$24,911,864
Total assets, end of year
$25,478,423
Total liabilities, end of year
$19,085,076
Net assets, end of year
$6,393,347
Land, buildings and equipment
$15,815,625
Gross receipts
$13,987,000
Employees
204
Volunteers
0
Year formed
2013
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
JOEY JOHNSONEXECUTIVE DIRECTOR
Officer
40$130,352
ANASTASIA COUNCILBOARD MEMBER
Trustee or director
5$0
TREY BROOKSCHAIRMAN
Trustee or director, Officer
5$0
DONALD ENNISVICE-CHAIR
Trustee or director, Officer
5$0
MAGAN INSCOEBOARD MEMBER
Trustee or director
5$0
WILLIE OWENSBOARD MEMBER
Trustee or director
5$0
AUDREY BOONESECRETARY
Trustee or director, Officer
5$0
REBECCA MARIONTREASURER
Trustee or director, Officer
5$0
BENJAMIN AVERETTEBOARD MEMBER
Trustee or director
5$0
BRIAN MASSENGILLBOARD MEMBER-PTA LIASON
Trustee or director
5$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
JOEY JOHNSONEXECUTIVE DIRECTOR
Trustee or director
40$114,149$15,841
KEVIN NOLTECHAIRMAN
Trustee or director, Officer
5$0$0
DEANNA MCFARLANDSECRETARY
Trustee or director, Officer
5$0$0
ANASTASIA COUNCILBOARD MEMBER
Trustee or director
5$0$0
LA-SHELL JOHNSONVICE-CHAIR
Trustee or director, Officer
5$0$0
TREY BROOKSTREASURER
Trustee or director, Officer
5$0$0
DONALD ENNISBOARD MEMBER
Trustee or director
5$0$0
MAGAN INSCOEBOARD MEMBER
Trustee or director
5$0$0
NATHANIEL CARMICHAEL JRBOARD MEMBER
Trustee or director
5$0$0
WILLIE OWENSBOARD MEMBER
Trustee or director
5$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
AMY HOBGOOD JULY - SEPT 2022EXECUTIVE DIRECTOR
Trustee or director
40$97,587$7,465
ASHLEY KEITH SEPT 22 - MAY 23EXECUTIVE DIRECTOR
Trustee or director
40$94,001$7,191
BRIAN MASSENGILLCHAIRMAN
Trustee or director, Officer
5$0$0
VELVET NELSONTREASURER
Trustee or director, Officer
5$0$0
CRYSTAL GRANTBOARD MEMBER
Trustee or director
5$0$0
LA-SHELL JOHNSONSECRETARY
Trustee or director, Officer
5$0$0
KEVIN NOLTEVICE-CHAIR
Trustee or director, Officer
5$0$0
TREY BROOKSBOARD MEMBER
Trustee or director
5$0$0
DONALD ENNISBOARD MEMBER
Trustee or director
5$0$0
JOEY JOHNSON JUNE 23EXECUTIVE DIRECTOR
Trustee or director
40$0$0

Address and contacts

Address (IRS master file)
1701 E LYON STATION RD, CREEDMOOR, NC 27522-9101
Principal officer (990 for 2024)
JOEY JOHNSON, 1701 E LYON STATION ROAD, CREEDMOOR, NC 27522
Signed the 990
JOEY JOHNSON, EXECUTIVE DIRECTOR
Phone
(919) 964-9003
Return prepared by
DMJPS PLLC

Mission

FALLS LAKE ACADEMY SEEKS TO CREATE A CHALLENGING LEARNING ENVIRONMENT WHILE STRIVING TO MEET THE ACADEMIC, SOCIAL, AND EMOTIONAL NEEDS OF OUR 21ST CENTURY LEARNERS TO PREPARE THEM FOR CITIZENSHIP, LEADERSHIP, AND SUCCESS IN A RAPIDLY CHANGING WORLD. OUR SCHOOL PROMOTES A SAFE, ORDERLY, CARING AND SUPPORTIVE COMMUNITY. EACH STUDENT'S SELF-ESTEEM IS FOSTERED BY POSITIVE RELATIONSHIPS WITH STUDENTS AND STAFF. WE STRIVE TO HAVE OUR PARENTS, TEACHERS, AND COMMUNITY MEMBERS ACTIVELY INVOLVED IN OUR STUDENT'S LEARNING.

990 for the year ended June 30, 2025

Program accomplishments

  • TO PROVIDE FACILITIES, TEACHERS, AND MATERIALS TO STUDENTS ENROLLED AT A NC PUBLIC CHARTER SCHOOL
    Expenses $13,162,561 · revenue $1,038,798

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
46-1167805
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)
$25,478,423
Income (IRS master file)
$13,987,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$13,987,000$13,162,561$25,478,423IRS
990June 2024$13,682,611$12,852,693$24,911,864XML
990June 2023$12,803,354$11,849,255$24,418,135XML
990June 2022$12,156,063$11,921,032$23,813,178IRS
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 46-1167805).

Questions about FALLS LAKE ACADEMY INC

What is the EIN of FALLS LAKE ACADEMY INC?
The employer identification number (EIN) of FALLS LAKE ACADEMY INC is 46-1167805.
Is FALLS LAKE ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to FALLS LAKE ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FALLS LAKE 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 FALLS LAKE 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 FALLS LAKE 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 FALLS LAKE ACADEMY INC?
The 990 for the year ended June 30, 2025 names JOEY JOHNSON.
Who are the officers and directors of FALLS LAKE ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $130,352 (JOEY JOHNSON, EXECUTIVE DIRECTOR).
How much revenue does FALLS LAKE ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $13,987,000, expenses of $13,162,561 and total assets of $25,478,423 at year end.

Other nonprofits in CREEDMOOR

All nonprofits in CREEDMOOR · North Carolina · Education