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Nonprofit · EIN 81-3637711

THE NEST ACADEMY INC

Tax-exempt · CHARLOTTE, NC 28212

Financials

$788K$799K2023$1.2M$849K2024
Revenue Expenses · by fiscal year end
Financials of THE NEST ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,162,655$849,372$313,283$1,099,781$5,200$1,094,581
December 31, 2023990$787,984$799,018-$11,034$786,787$5,489$781,298
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,159,050
Program service revenue
$0
Investment income
$3,605
Other revenue
$0

Expenses

Grants and similar amounts paid
$5,134
Compensation of officers, directors and key employees
$82,120
Other salaries and wages
$322,380
Salaries, compensation and benefits (total)
$449,583
Professional fundraising fees
$0
Accounting fees
$600
Occupancy
$68,951
Depreciation
$19,297
Program services (functional)
$599,162
Management and general (functional)
$220,937
Fundraising (functional)
$29,273

Balance sheet and other

Total assets, start of year
$786,787
Total assets, end of year
$1,099,781
Total liabilities, end of year
$5,200
Net assets, end of year
$1,094,581
Land, buildings and equipment
$431,471
Net assets without donor restrictions
$297,705
Net assets with donor restrictions
$796,876
Gross receipts
$1,162,655
Employees
11
Volunteers
40
Year formed
2016
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Mary Catherine HildrethPresident
Trustee or director, Officer
40$82,120
Connor DerrickBoard Member
Trustee or director
5$0
Dain DulaneyChairman
Trustee or director, Officer
5$0
Ellen LeitchBoard Member
Trustee or director
15$0
Reggie PinchumBoard Member
Trustee or director
5$0
Steve HeffnerCo-Chairman
Trustee or director, Officer
5$0
Roschelle RossBoard Member
Trustee or director
5$0
Caron LyeBoard Member
Trustee or director
5$0
Ann TaborBoard Member
Trustee or director
5$0
Allison HickmanSecretary
Trustee or director, Officer
5$0
Edson MunekataTreasurer
Trustee or director, Officer
5$0
Leslie HelmsBoard Member
Trustee or director
5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Mary Catherine HildrethPresident
Trustee or director, Officer
40$81,700
Dain DulaneyChairman
Trustee or director, Officer
5$0
Ellen LeitchBoard Member
Trustee or director
15$0
Gina ElamBoard Member
Trustee or director
5$0
Joe WalkerBoard Member
Trustee or director
5$0
Ann TaborBoard Member
Trustee or director
5$0
Allison HickmanSecretary
Trustee or director, Officer
5$0
Edson MunekataTreasurer
Trustee or director, Officer
5$0
Leslie HelmsBoard Member
Trustee or director
5$0

Address and contacts

Address (IRS master file)
THE NEST ACADEMY, CHARLOTTE, NC 28212-0000
Principal officer (990 for 2024)
Mary Catherine Hildreth, 6740 Albemarle Rd, Charlotte, NC 28212
Signed the 990
Mary Catherine Hildreth, President
Phone
(980) 288-4163
Return prepared by
Foard and Company PA

Mission

The Nest Academy is a trauma-informed, private K-12 school in Charlotte, North Carolina with a mission to change the lives of refugee and underprivileged students to become confident, educated, and successful first generation high school graduates. The Nest Academy offers students an individualized education plan in a small, safe and supportive environment through highly trained teachers, volunteers and mentors. The students flourish in this peaceful environment where they are accepted, known and supported, which extends outside of the classroom.

990 for the year ended December 31, 2024

Program accomplishments

  • The Nest Academy began with a focus in affording refugees and underprivileged children with a private school education with an individual education plan to excel and become first generation high school graduates. They are tested, correctly placed and taught in each of their educational levels so that students receive what they weren't getting in a public school setting so that they are better equipped for life and higher education. They have a unique opportunity to develop at the academy through their gifted education that they are able to springboard from. In our pursuit to educate first generation elementary, middle and high schoolers, with a focus on higher education, we also had a vision to provide additional support and funding to encourage college participation and completion. We have partnered with donors to financially contribute to both of those efforts; first generation high school graduates and first generation college students. We have executed a plan and have been able which fast tracks them to succeed in both.
    Expenses $599,162

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
81-3637711
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
2017
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$1,099,781
Income (IRS master file)
$1,162,655

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,162,655$849,372$1,099,781IRS
990December 2023$787,984$799,018$786,787XML
990December 2022$996,649$594,676$797,532IRS
990December 2021–––IRS
990December 2017–––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 81-3637711).

Questions about THE NEST ACADEMY INC

What is the EIN of THE NEST ACADEMY INC?
The employer identification number (EIN) of THE NEST ACADEMY INC is 81-3637711.
Is THE NEST ACADEMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to THE NEST ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE NEST 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 THE NEST ACADEMY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE NEST ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE NEST ACADEMY INC?
The 990 for the year ended December 31, 2024 names Mary Catherine Hildreth.
Who are the officers and directors of THE NEST ACADEMY INC?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $82,120 (Mary Catherine Hildreth, President).
How much revenue does THE NEST ACADEMY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,162,655, expenses of $849,372 and total assets of $1,099,781 at year end.

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