Is it real?
Yes. Exemption reinstated (2011-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Nov 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $106K paid to officers and key staff (Part VII, Section A).
John Drake Ending Fy25’s $106K as Managing Director is at the 4th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| John Twitty | — | $104,100 | $105,598 | $102,794 | $92,892 | $90,045 |
| John Drake Ending Fy25 | $105,501 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Wayne Preparatory Academycharter School INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Operates a charter school in North Carolina.
Questions for Wayne Preparatory Academycharter School INC
Your first name shows with your question. Wayne Preparatory Academycharter School INC answers here, for everyone.
Provide facilities, teachers, and materials to students enrolled at a public charter school.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-4207236) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
Plus 1 smaller program.
The auditor reported no findings.
The auditor reported: doubt the group can keep going.
The auditor reported no findings.
Plus 1 smaller program.
The auditor reported no findings.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $859K | $1.2M |
| Land, buildings, equipmentLn 10c | $343K | $859K |
| Total assetsLn 16 | $17.0M | $16.4M |
| LiabilitiesLn 26 | $17.2M | $15.9M |
| Net assetsLn 32 | −$188K | $560K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| InterestLn 20 | $333K | $333K | ||
| Other expenses (24a–d)Ln 24 | $9.4M | $9.4M | ||
| Total functional expensesLn 25 | $9.7M | $9.7M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS May 15, 2026 | $10.5M | $9.7M | $747K | $560K | 990 PDF |
| FY2024Filed with the IRS May 12, 2025 | $10.3M | $10.7M | −$448K | −$188K | 990 PDF |
| FY2023Filed with the IRS Apr 25, 2024 | $10.7M | $11.4M | −$664K | $260K | 990 PDF |
| FY2022Filed with the IRS May 8, 2023 | $10.1M | $10.4M | −$310K | $924K | 990 PDF |
| FY2021Filed with the IRS May 12, 2022 | $8.3M | $8.4M | −$49K | $1.2M | 990 PDF |
| FY2020Filed with the IRS May 11, 2021 | $7.3M | $6.7M | $542K | $1.3M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $10,494,082 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $10,494,082 across 6 lines filed
Part IX · Statement of functional expenses $9,746,835 across 2 lines filed
Part X · Balance sheet $16,423,109 assets, 14 lines filed
Part XI · Reconciliation of net assets $559,513 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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