The Capitol Encore Academy FY2021 filing

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The Capitol Encore Academy will develop artists who inspire others with principles of design and artful thinking through the integration of academic excellence, virtuous character, and disciplined artistry.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $199K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $357
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.2M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+8% vs prior year
Spent
$4.9M
To programs
66%
Net assets
$933K
By yearFY2020–FY2025
Revenue
$5.0M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$5.0M
FY2022$6.4M
FY2023$7.6M
FY2024$8.4M
FY2025$9.3M
Expenses
$4.9M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.5M
FY2021$4.9M
FY2022$6.4M
FY2023$8.0M
FY2024$9.2M
FY2025$9.5M
Net assets
$933K
FY2021▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$672K
FY2021$933K
FY2022$600K
FY2023$1.4M
FY2024$559K
FY2025$229K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2014-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $3.2M Management & general 34% · $1.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Capitol Encore Academy 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 15aYes

Programs and updates

Develops artists through design, academic excellence, character, and disciplined artistry.

Questions for The Capitol Encore Academy

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1 program · $3.2M · in their own filed words · FY2020
01

Operated as a public charter school, focused on the arts, in fayetteville, NC serving approximately 556 students for the fiscal year ended june 30, 2021.

$3.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$357

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.1M federal money spent
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through N.c. Department of Public Instruction$545K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through N.c. Department of Public Instruction$268K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through N.c. Department of Public Instruction$187K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through N.c. Department of Public Instruction$45K
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through N.c. Department of Public Instruction$10K

The auditor reported no findings.

Year ending Jun 2023 · $1.1M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through N.c. Department of Public Instruction$548K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through N.c. Department of Public Instruction$280K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through N.c. Department of Public Instruction$135K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through N.c. Department of Public Instruction$118K
Improving Teacher Quality State GrantsDepartment of Education · ALN 84.367 · Through N.c. Department of Public Instruction$38K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Jun 2022 · $1.2M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through N.c. Department of Public Instruction$641K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through U.s. Department of Public Instruction$281K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through N.c. Department of Public Instruction$154K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through N.c. Department of Public Instruction$79K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.0M
Ln 12
Gifts and grantsLn 1h$5.1M
Fees for servicesLn 2g$4K
Investment incomeLn 3$396
Money outPt IX
$4.9M
Ln 25
Programscol B$3.2M
Managementcol C$1.7M
Owns and owesPt X
$933K
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Government grantsLn 1e$5.1M
Fees for servicesLn 2g$4K
Investment incomeLn 3$396
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$1.9M
SavingsLn 2$735K
Cash and savings togetherLn 1–2$2.6M
Land, buildings, equipmentLn 10c$6.0M
Total assetsLn 16$9.1M
LiabilitiesLn 26$8.2M
Net assetsLn 32$933K
OperationsPt I, VI
EmployeesI 5156
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$7.4M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$7.5M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.6M
Land, buildings, equipmentLn 10c$6.2M$6.0M
Total assetsLn 16$8.1M$9.1M
LiabilitiesLn 26$7.4M$8.2M
Net assetsLn 32$672K$933K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.3M$1.5M$770K
Other employee benefitsLn 9$321K$212K$109K
Payroll taxesLn 10$172K$113K$58K
Management feesLn 11a$464K$306K$158K
Accounting feesLn 11c$19K$13K$6K
Other fees for servicesLn 11g$41K$27K$14K
Advertising and promotionLn 12$33K$22K$11K
Office expensesLn 13$28K$18K$10K
OccupancyLn 16$606K$400K$206K
TravelLn 17$10K$7K$3K
Depreciation, depletion and amortizationLn 22$29K$19K$10K
InsuranceLn 23$34K$23K$12K
Other expenses (24a–d)Ln 24$802K$529K$273K
All other expensesLn 24e$88K$58K$30K
Total functional expensesLn 25$4.9M$3.2M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 24, 2026 $9.3M$9.5M−$252K$229K 990 PDF
FY2024Filed with the IRS Apr 24, 2025 $8.4M$9.2M−$817K$559K 990 PDF
FY2023Filed with the IRS May 6, 2024 $7.6M$8.0M−$325K$1.4M 990 PDF
FY2022Filed with the IRS May 9, 2023 $6.4M$6.4M$32K$600K 990 PDF
FY2021 ViewingFiled with the IRS May 12, 2022 $5.0M$4.9M$87K$933K 990 PDF
FY2020Filed with the IRS May 13, 2021 $4.6M$4.5M$78K$672K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $4,997,163 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,348,034$5,081,573
I-9 Program service revenuePrior year $405,884$4,309
I-10 Investment income$396
I-11 Other revenuePrior year −$142,123−$89,115
I-12 Total revenuePrior year $4,611,795$4,997,163
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,030,228$2,757,010
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,503,243$2,153,594
I-18 Total expensesPrior year $4,533,471$4,910,604
I-19 Revenue less expensesPrior year $78,324$86,559
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,997,163 across 8 lines filed
VIII-1e Government grants$5,056,077
VIII-1f All other contributions, gifts and grants$25,496
VIII-1h Total contributions, gifts and grants$5,081,573
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,309$4,309
VIII-3 Investment incomeExcluded from tax $396$396
VIII-6 Net rental income or lossExcluded from tax −$156,797−$156,797
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67,682$67,682
VIII-12 Total revenueRelated to mission $71,991 · Excluded from tax −$156,401$4,997,163
Part IX · Statement of functional expenses $4,910,604 across 14 lines filed
IX-7 Other salaries and wagesPrograms $1,494,049 · Management $769,662$2,263,711
IX-9 Other employee benefitsPrograms $212,159 · Management $109,294$321,453
IX-10 Payroll taxesPrograms $113,418 · Management $58,428$171,846
IX-11a Management feesPrograms $306,202 · Management $157,741$463,943
IX-11c Accounting feesPrograms $12,572 · Management $6,476$19,048
IX-11g Other fees for servicesPrograms $26,826 · Management $13,819$40,645
IX-12 Advertising and promotionPrograms $21,588 · Management $11,121$32,709
IX-13 Office expensesPrograms $18,461 · Management $9,510$27,971
IX-16 OccupancyPrograms $399,670 · Management $205,891$605,561
IX-17 TravelPrograms $6,716 · Management $3,461$10,177
IX-22 Depreciation, depletion and amortizationPrograms $19,436 · Management $10,012$29,448
IX-23 InsurancePrograms $22,616 · Management $11,650$34,266
IX-24 Other expenses (24a–d)Programs $528,991 · Management $272,509$801,500
IX-24e All other expensesPrograms $58,296 · Management $30,030$88,326
IX-25 Total functional expensesPrograms $3,241,000 · Management $1,669,604 · Fundraising $0$4,910,604
Part X · Balance sheet $9,085,978 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,178,092$1,857,666
X-2 Savings and temporary cash investmentsStart of year $691,773$735,149
X-4 Accounts receivable$61,111
X-9 Prepaid expenses and deferred chargesStart of year $10,074$49,710
X-10c Land, buildings and equipment, netStart of year $6,200,060$6,017,663
X-14 Intangible assets$364,679
X-16 Total assetsStart of year $8,079,999$9,085,978
X-17 Accounts payable and accrued expensesStart of year $273,522$4,680
X-19 Deferred revenue$42,980
X-20 Tax-exempt bond liabilitiesStart of year $7,043,484$7,354,167
X-25 Other liabilities$751,143
X-26 Total liabilitiesStart of year $7,407,606$8,152,970
X-27 Net assets without donor restrictionsStart of year $672,393$933,008
X-32 Total net assets or fund balancesStart of year $672,393$933,008
X-33 Total liabilities and net assetsStart of year $8,079,999$9,085,978
Part XI · Reconciliation of net assets $933,008 net assets at year end
XI-1 Total revenue$4,997,163
XI-2 Total expenses$4,910,604
XI-3 Revenue less expenses$86,559
XI-4 Net assets at start of year$672,393
XI-8 Prior period adjustments$174,056
XI-10 Net assets at end of year$933,008

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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