Nonprofit · EIN 85-2141526
WAYNE STEM ACADEMY
Tax-exempt · RUTHERFORDTON, NC 28139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,267,582 | $3,692,355 | -$424,773 | $12,602,916 | $13,553,932 | -$951,016 |
| June 30, 2024 | 990 | $2,019,062 | $2,886,910 | -$867,848 | $16,525,584 | $17,472,272 | -$946,688 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,123,301
- of which government grants
- $3,117,186
- Program service revenue
- $77,708
- Investment income
- $0
- Other revenue
- $66,573
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $66,830
- Other salaries and wages
- $1,743,944
- Salaries, compensation and benefits (total)
- $2,100,153
- Professional fundraising fees
- $0
- Legal fees
- $13,990
- Accounting fees
- $10,100
- Occupancy
- $86,175
- Travel
- $5,864
- Depreciation
- $410,505
- Program services (functional)
- $2,684,281
- Management and general (functional)
- $1,008,074
Balance sheet and other
- Total assets, start of year
- $16,525,584
- Total assets, end of year
- $12,602,916
- Total liabilities, end of year
- $13,553,932
- Net assets, end of year
- -$951,016
- Land, buildings and equipment
- $47,509
- Net assets without donor restrictions
- -$951,016
- Gross receipts
- $3,267,582
- Employees
- 67
- Volunteers
- 4
- Year formed
- 2023
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD FORGETTE | EXECUTIVE DIRECTOR Officer | 40 | $66,830 |
| CHRISTINA WATTS | CHAIR Trustee or director, Officer | 36 | $0 |
| CHRETIEN DUMOND | VICE CHAIR Trustee or director, Officer | 36 | $0 |
| ASHLEY COSTELLO | TREASURER Trustee or director, Officer | 18 | $0 |
| DAVID KERR | SECRETARY Trustee or director, Officer | 18 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD FORGETTE | EXECUTIVE DIRECTOR Officer | 40 | $67,720 |
| CHRISTINA WATTS | CHAIR Trustee or director, Officer | 2 | $0 |
| CHRETIEN DUMOND | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| CARLA JACOBS | TREASURER Trustee or director, Officer | 2 | $0 |
| KARINA PASCHT | SECRETARY Trustee or director, Officer | 2 | $0 |
| RHONDA COYNE | MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 86, RUTHERFORDTON, NC 28139-0086
- In care of
- % CARLA JACOBS
- Principal officer (990 for 2024)
- TODD FORGETTE, 2950 SUMMIT ROAD, GOLDSBORO, NC 27534
- Signed the 990
- TODD FORGETTE, EXECUTIVE DIRECTOR
- Phone
- (984) 520-6341
- Website
- HTTPS://WWW.WAYNESTEM.ORG/
- Return prepared by
- SHARPE PATEL CPA
Mission
PROVIDE A CHALLENGING LEARNING ENVIRONMENT IN SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH TO A DIVERSE STUDENT POPULATION, ENABLING THEM TO BECOME PROBLEM-SOLVING, PEACE-BUILDING, SOLUTION-FOCUSED CITIZENS. THE CURRICULUM IS DESIGNED TO STIMULATE CURIOSITY, DISCOVERY, CRITICAL THINKING, AND COLLABORATION, ENSURING STUDENTS ARE WELL-EQUIPPED TO MEET THE CHALLENGES IN THE WORLD AROUND THEM.
Program accomplishments
- THE SCHOOL IS OPERATED AS A CHARTER SCHOOL IN GOLDSBORO, NORTH CAROLINA, SERVING APPROXIMATELY 305 STUDENTS FOR THE FISCAL YEAR ENDING JUNE 30, 2025.Expenses $2,684,281 · revenue $144,281
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-2141526
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $12,602,916
- Income (IRS master file)
- $3,267,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,267,582 | $3,692,355 | $12,602,916 | XML |
| 990 | June 2024 | $2,019,062 | $2,886,910 | $16,525,584 | XML |
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 85-2141526).
Questions about WAYNE STEM ACADEMY
- What is the EIN of WAYNE STEM ACADEMY?
- The employer identification number (EIN) of WAYNE STEM ACADEMY is 85-2141526.
- Is WAYNE STEM ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to WAYNE STEM ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAYNE STEM ACADEMY 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 WAYNE STEM ACADEMY 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 WAYNE STEM ACADEMY 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 WAYNE STEM ACADEMY?
- The 990 for the year ended June 30, 2025 names TODD FORGETTE.
- Who are the officers and directors of WAYNE STEM ACADEMY?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $66,830 (TODD FORGETTE, EXECUTIVE DIRECTOR).
- How much revenue does WAYNE STEM ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,267,582, expenses of $3,692,355 and total assets of $12,602,916 at year end.
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All nonprofits in RUTHERFORDTON · North Carolina · Education