Is it real?
Yes. Exemption reinstated (2014-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
63 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990.
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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
Educates students with a content-rich curriculum fostering scholarship, leadership, and citizenship.
Questions for Thunderbird Preparatory Academy INC
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Lakeside charter academy is a north carolina charter school that will cultivate a highly effective leadership environment that engages, embraces, and enriches children's strengths one child at a time.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $804K | $545K |
| Land, buildings, equipmentLn 10c | $227K | $200K |
| Total assetsLn 16 | $15.5M | $769K |
| LiabilitiesLn 26 | $16.4M | $92K |
| Net assetsLn 32 | −$964K | $677K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $1.7M | $1.1M | $613K | |
| Pension plan contributionsLn 8 | $11K | $7K | $4K | |
| Other employee benefitsLn 9 | $120K | $76K | $44K | |
| Payroll taxesLn 10 | $135K | $86K | $49K | |
| Legal feesLn 11b | $1K | $635 | $365 | |
| Accounting feesLn 11c | $9K | $6K | $3K | |
| Other fees for servicesLn 11g | $188K | $119K | $69K | |
| Advertising and promotionLn 12 | $49K | $31K | $18K | |
| Office expensesLn 13 | $9K | $6K | $3K | |
| Information technologyLn 14 | $35K | $22K | $13K | |
| OccupancyLn 16 | $692K | $439K | $253K | |
| TravelLn 17 | $14K | $9K | $5K | |
| Conferences, conventions and meetingsLn 19 | $21K | $13K | $8K | |
| InterestLn 20 | $8K | $5K | $3K | |
| Depreciation, depletion and amortizationLn 22 | $27K | $17K | $10K | |
| InsuranceLn 23 | $32K | $20K | $12K | |
| Other expenses (24a–d)Ln 24 | $532K | $338K | $194K | |
| All other expensesLn 24e | $19K | $12K | $7K | |
| Total functional expensesLn 25 | $3.6M | $2.3M | $1.3M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.1M | $3.0M | $58K | $735K | 990 PDF |
| FY2024 Viewing | $3.4M | $3.6M | −$191K | $677K | 990 PDF |
| FY2023 | $2.8M | $2.8M | $43K | −$964K | 990 PDF |
| FY2022 | $2.7M | $3.6M | −$878K | −$658K | 990 PDF |
| FY2021 | $2.7M | $2.2M | $475K | $220K | 990 PDF |
| FY2020 | $1.6M | $1.5M | $109K | −$255K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,389,941 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $3,389,941 across 9 lines filed
Part IX · Statement of functional expenses $3,580,489 across 18 lines filed
Part X · Balance sheet $768,585 assets, 12 lines filed
Part XI · Reconciliation of net assets $676,724 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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