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Nonprofit · EIN 46-5055270

THUNDERBIRD PREPARATORY ACADEMY INC

Tax-exempt (reinstated) · CORNELIUS, NC 28031

Financials

$2.8M$2.8M2022$3.4M$3.6M2023$3.1M$3M2024
Revenue Expenses · by fiscal year end
Financials of THUNDERBIRD PREPARATORY ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,086,391$3,028,210$58,181$835,709$100,804$734,905
June 30, 2024990$3,389,941$3,580,489-$190,548$768,585$91,861$676,724
June 30, 2023990$2,803,630$2,760,556$43,074$15,471,427$16,435,606-$964,179
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$59,162
of which government grants
$57,551
Program service revenue
$3,027,229
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$1,532,817
Salaries, compensation and benefits (total)
$1,804,948
Professional fundraising fees
$0
Accounting fees
$11,250
Occupancy
$674,274
Depreciation
$32,874
Program services (functional)
$2,060,151
Management and general (functional)
$968,059

Balance sheet and other

Total assets, start of year
$768,585
Total assets, end of year
$835,709
Total liabilities, end of year
$100,804
Net assets, end of year
$734,905
Land, buildings and equipment
$364,772
Net assets without donor restrictions
$734,905
Gross receipts
$3,086,391
Employees
69
Year formed
2014
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
Taft MorelyVice Chair
Trustee or director, Officer
2$0
Jason GuffeyBoard Member
Trustee or director
2$0
Angela HansenSecretary
Trustee or director, Officer
2$0
Kelly Singleton HeaddTreasurer
Trustee or director, Officer
2$0
Valerie CroceBoard Member
Trustee or director
2$0
Terrance TaylorBoard Member
Trustee or director
2$0
Mary SauerBoard Member
Trustee or director
2$0
Mary CatherineBoard Chair
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
TAFT MORLEYPRESIDENT
Trustee or director, Officer
2$0
JASON GUFFEYVICE PRESIDENT
Trustee or director, Officer
2$0
ANGELA HANSENSECRETARY
Trustee or director, Officer
2$0
KELLY HEADDTREASURER
Trustee or director, Officer
2$0
VALERIE CROCEBOARD MEMBER
Trustee or director
2$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
VALERIE CROCEBOARD MEMBER
Trustee or director
0$0
JASON GUFFEYVICE CHAIR
Trustee or director, Officer
0$0
ANGELA HANSENSECRETARY
Trustee or director, Officer
0$0
KELLY SINGLETON HEADDTREASURER
Trustee or director, Officer
0$0
TAFT MORLEYCHAIR
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
17609 OLD STATESVILLE RD, CORNELIUS, NC 28031-9049
Principal officer (990 for 2024)
Mary Catherine, 17609 Old Statesville Road, Cornelius, NC 28031
Signed the 990
Mary Catherine, Board Chair
Phone
(704) 896-9500
Return prepared by
Rebekah Barr CPA PC

Mission

Lakeside Charter Academy, In partnership with parents, will cultivate learners through scholarship, leadership, and citizenship. Lakeside Charter Academy will provide all students with the opportunity to experience a focused and coherent curriculum through the core knowledge sequence by E.D. Hirsh. This sequence emphasizes in an academic foundation

990 for the year ended June 30, 2025

Program accomplishments

  • Lakeside Charter Academy is a North Carolina charter school that will cultivate a highly effective leadership environment that engages, embraces, and enriches childrens strenghts one child at a time. For the fiscal year ending June 30, 2025, the school served approximately 222 students.
    Expenses $2,060,151

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
46-5055270
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
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24)
Assets (IRS master file)
$835,709
Income (IRS master file)
$3,086,391

Revocation and reinstatement

Exemption revoked
November 15, 2014
Posted by the IRS
March 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$3,086,391$3,028,210$835,709IRS
990June 2024$3,389,941$3,580,489$768,585IRS
990June 2023$2,803,630$2,760,556$15,471,427XML
990June 2022$2,690,563$3,568,602$15,940,176IRS
990June 2021$2,676,176$2,201,473$518,767IRS
990June 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 46-5055270).

Questions about THUNDERBIRD PREPARATORY ACADEMY INC

What is the EIN of THUNDERBIRD PREPARATORY ACADEMY INC?
The employer identification number (EIN) of THUNDERBIRD PREPARATORY ACADEMY INC is 46-5055270.
Is THUNDERBIRD PREPARATORY ACADEMY INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2014 and reinstated it effective November 15, 2014.
Are donations to THUNDERBIRD PREPARATORY ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THUNDERBIRD PREPARATORY 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 THUNDERBIRD PREPARATORY 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 THUNDERBIRD PREPARATORY 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 THUNDERBIRD PREPARATORY ACADEMY INC?
The 990 for the year ended June 30, 2025 names Mary Catherine.
Who are the officers and directors of THUNDERBIRD PREPARATORY ACADEMY INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does THUNDERBIRD PREPARATORY ACADEMY INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,086,391, expenses of $3,028,210 and total assets of $835,709 at year end.

Other nonprofits in CORNELIUS

All nonprofits in CORNELIUS · North Carolina · Education