Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 90-1031905

TRIANGLE CHARTER EDUCATION ASSOCIATION INC

Tax-exempt · CARY, NC 27513

Financials

$18.2M$18.7M2022$16.6M$18.4M2023$16.1M$16.7M2024
Revenue Expenses · by fiscal year end
Financials of TRIANGLE CHARTER EDUCATION ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$16,096,567$16,666,676-$570,109$31,887,239$38,356,168-$6,468,929
June 30, 2024990$16,591,358$18,391,623-$1,800,265$32,364,888$38,355,316-$5,990,428
June 30, 2023990$18,160,737$18,681,957-$521,220$34,519,295$38,709,458-$4,190,163
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$15,733,599
of which government grants
$15,733,599
Program service revenue
$130,722
Investment income
$0
Other revenue
$232,246

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$5,295,410
Salaries, compensation and benefits (total)
$6,202,024
Professional fundraising fees
$0
Legal fees
$28,023
Accounting fees
$34,680
Occupancy
$1,450,079
Travel
$275,135
Depreciation
$1,660,777
Program services (functional)
$8,340,054
Management and general (functional)
$8,326,622

Balance sheet and other

Total assets, start of year
$32,364,888
Total assets, end of year
$31,887,239
Total liabilities, end of year
$38,356,168
Net assets, end of year
-$6,468,929
Land, buildings and equipment
$405,571
Net assets without donor restrictions
-$6,468,929
Gross receipts
$16,096,567
Employees
218
Volunteers
233
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
KIM NORCROSSPRESIDENT
Trustee or director, Officer
2$0
IVONNE REEDVICE PRESIDENT & TREASURER
Trustee or director, Officer
2$0
DR HOWARD COLEMANSECRETARY
Trustee or director, Officer
2$0
MARCUS BRANDONDIRECTOR
Trustee or director
2$0
ERIC JOHNSONDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 6 people
NameTitleHours / weekCompensationOther / benefits
APRL GOFFPRINCIPAL
Highest-paid employee
40$124,668$8,301
KIM NORCROSSPRESIDENT
Trustee or director, Officer
2$0$0
IVONNE REEDVICE PRESIDENT
Trustee or director, Officer
2$0$0
HOWARD COLEMANSECRETARY
Trustee or director, Officer
2$0$0
ERIC JOHNSONDIRECTOR
Trustee or director
2$0$0
MARCUS BRANDONDIRECTOR
Trustee or director
2$0$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
MARTIN CONWAYPRESIDENT/CHAIR
Trustee or director, Officer
2$0
DAVE EDWARDSVICE CHAIR
Trustee or director, Officer
2$0
KIM NORCROSSESECRETARY
Trustee or director, Officer
2$0
IVONNE REEDDIRECTOR
Trustee or director
2$0
MARCUS BRANDONDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1020 SAINT CHARLES PL, CARY, NC 27513-3910
Principal officer (990 for 2024)
KIM NORCROSS, 1020 ST CHARLES PLACE, CARY, NC 27513
Signed the 990
KIM NORCROSS, PRESIDENT
Phone
(919) 870-8763
Return prepared by
SHARPE PATEL CPA

Mission

THE TRIANGLE CHARTER EDUCATIONAL ASSOCIATION IS A NORTH CAROLINA NOT-FOR-PROFIT ENTITY ORGANIZED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE ASSOCIATION IS COMPRISED OF RESPECTED LEADERS WITHIN THE STATE OF NORTH CAROLINA WHO ARE COMMITTED TO PROVIDING HIGH QUALITY EDUCATIONAL OPTIONS FOR THE CITIZENS OF THE STATE. THE ASSOCIATION GOVERNS CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS.

990 for the year ended June 30, 2025

Program accomplishments

  • CARDINAL CHARTER ACADEMY AND CARDINAL CHARTER ACADEMY AT WENDELL FALLS ARE TUITION-FREE PUBLIC CHARTER SCHOOLS EDUCATING STUDENTS WHO RESIDE IN NORTH CAROLINA. THE SCHOOLS CURRENTLY SERVE STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE ACADEMIES' MISSION IS TO BUILD A STUDENT-CENTERED LEARNING ENVIRONMENT THAT IS PROJECT-BASED AND TECHNOLOGY-DRIVEN, ENABLING STUDENTS TO REACH THEIR ACADEMIC POTENTIAL. THE SCHOOLS EMPHASIZE ACADEMIC SUCCESS THROUGH THE USE OF DATA TO ADDRESS THE DIVERSE AND INDIVIDUALIZED NEEDS OF STUDENTS. CARDINAL CHARTER ACADEMY FOSTERS A CULTURE OF INNOVATION AND INQUIRY, USING TECHNOLOGY AS A KEY INSTRUCTIONAL MEDIUM.
    Expenses $8,340,054 · revenue $362,968

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
90-1031905
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 (B29)
Assets (IRS master file)
$31,887,239
Income (IRS master file)
$16,096,567

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$16,096,567$16,666,676$31,887,239XML
990June 2024$16,591,358$18,391,623$32,364,888IRS
990June 2023$18,160,737$18,681,957$34,519,295XML
990June 2022$17,804,747$18,030,777$23,342,230IRS
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 90-1031905).

Questions about TRIANGLE CHARTER EDUCATION ASSOCIATION INC

What is the EIN of TRIANGLE CHARTER EDUCATION ASSOCIATION INC?
The employer identification number (EIN) of TRIANGLE CHARTER EDUCATION ASSOCIATION INC is 90-1031905.
Is TRIANGLE CHARTER EDUCATION ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to TRIANGLE CHARTER EDUCATION ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TRIANGLE CHARTER EDUCATION ASSOCIATION 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 TRIANGLE CHARTER EDUCATION ASSOCIATION 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 TRIANGLE CHARTER EDUCATION ASSOCIATION 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 TRIANGLE CHARTER EDUCATION ASSOCIATION INC?
The 990 for the year ended June 30, 2025 names KIM NORCROSS.
Who are the officers and directors of TRIANGLE CHARTER EDUCATION ASSOCIATION INC?
The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does TRIANGLE CHARTER EDUCATION ASSOCIATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $16,096,567, expenses of $16,666,676 and total assets of $31,887,239 at year end.

Other nonprofits in CARY

All nonprofits in CARY · North Carolina · Education