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Nonprofit · EIN 81-4262635

WILMINGTON EDUCATION ORGANIZATION

Also known as COASTAL PREPARATORY ACADEMY

Tax-exempt · WILMINGTON, NC 28411

Financials

$11M$11.4M2022$11.7M$11.6M2023$15.3M$15.8M2024
Revenue Expenses · by fiscal year end
Financials of WILMINGTON EDUCATION ORGANIZATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$15,260,033$15,794,655-$534,622$22,314,770$25,105,186-$2,790,416
June 30, 2024990$11,682,516$11,571,552$110,964$21,965,787$24,221,581-$2,255,794
June 30, 2023990$11,008,508$11,405,594-$397,086$22,290,169$24,656,927-$2,366,758
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$343,786
of which government grants
$343,563
Program service revenue
$12,803,563
Investment income
$98,381
Net rental income
$2,014,303
Other revenue
$2,014,303

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$5,307,993
Salaries, compensation and benefits (total)
$6,173,241
Professional fundraising fees
$0
Legal fees
$60,090
Accounting fees
$7,259
Occupancy
$2,174,789
Depreciation
$548,407
Program services (functional)
$8,616,809
Management and general (functional)
$5,291,848
Fundraising (functional)
$1,885,998

Balance sheet and other

Total assets, start of year
$21,965,787
Total assets, end of year
$22,314,770
Total liabilities, end of year
$25,105,186
Net assets, end of year
-$2,790,416
Land, buildings and equipment
$17,529,339
Net assets without donor restrictions
-$2,790,416
Gross receipts
$15,260,033
Employees
127
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
Dan MysiukVice Chair
Trustee or director, Officer
2$0
Bud WawnerDirector
Trustee or director
2$0
Karen GaskillDirector
Trustee or director
2$0
David AndersonChair
Trustee or director, Officer
2$0
Kimberly RivenbarkSecretary/Treasurer
Trustee or director, Officer
2$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
Dan MysiukVice Chair
Trustee or director, Officer
2$0
Bud WawnerDirector
Trustee or director
2$0
Karen GaskillDirector
Trustee or director
2$0
David AndersonChair
Trustee or director, Officer
2$0
Kimberly RivenbarkSecretary/Treasurer
Trustee or director, Officer
2$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
Dan MysiukMember
Trustee or director, Officer
3$0
Bud WawnerSecretary
Trustee or director, Officer
2$0
Karen GaskillTreasurer
Trustee or director, Officer
2$0
David AndersonChair
Trustee or director, Officer
2$0
Kimberly RivenbarkVice Chair
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1135 PANDION DR, WILMINGTON, NC 28411-4503
In care of
% SHANDRA GILLES
Mailing address (990-N for 2016)
1135 Pandion Drive, Wilmington NC 28411
Principal officer (990 for 2024)
David Anderson, 1135 Pandion Drive, Wilmington, NC 28411
Principal officer (990-N for 2016)
Chris Millis, 1135 Pandion Drive, Wilmington NC 28411
Signed the 990
David Anderson, Board Chair
Phone
(910) 839-0012
Return prepared by
Rebekah Barr CPA PC

Mission

Public K-8 charter school located in New Hanover County, providing tuition-free education to the public and open to all residents of North Carolina.

990 for the year ended June 30, 2025

Program accomplishments

  • Operation of a charter school serving 1,006 students for the year ended June 30, 2025.
    Expenses $8,616,809

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
81-4262635
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
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$22,314,770
Income (IRS master file)
$15,260,033

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$15,260,033$15,794,655$22,314,770IRS
990June 2024$11,682,516$11,571,552$21,965,787IRS
990June 2023$11,008,508$11,405,594$22,290,169XML
990June 2022$9,173,831$9,106,134$22,686,310IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS
990-N for 2016
Officer: Chris Millis
June 30, 2017≤ $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 81-4262635).

Questions about WILMINGTON EDUCATION ORGANIZATION

What is the EIN of WILMINGTON EDUCATION ORGANIZATION?
The employer identification number (EIN) of WILMINGTON EDUCATION ORGANIZATION is 81-4262635.
Is WILMINGTON EDUCATION ORGANIZATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
Are donations to WILMINGTON EDUCATION ORGANIZATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WILMINGTON EDUCATION ORGANIZATION 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 WILMINGTON EDUCATION ORGANIZATION 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 WILMINGTON EDUCATION ORGANIZATION 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 WILMINGTON EDUCATION ORGANIZATION?
The 990 for the year ended June 30, 2025 names David Anderson.
Who are the officers and directors of WILMINGTON EDUCATION ORGANIZATION?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does WILMINGTON EDUCATION ORGANIZATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $15,260,033, expenses of $15,794,655 and total assets of $22,314,770 at year end.

Other nonprofits in WILMINGTON

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