Greenfield Academy INC

Tax-deductible

Wilson, NC501(c)(3)Since 1969EIN 56-0935326Revenue $6.9M in FY2025

On file with the IRSgreenfieldschool.org3351 NC Highway 42 W, 27893-7772 · Wilson, NCTax-exempt since Aug 1969School — 170(b)(1)(A)(ii)

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Operation of an independent, nonsectarian, co-educational college preparatory school serving students in preschool through grade twelve.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 75 volunteers and 145 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $911K a year · 15% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.9M
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
-9% vs prior year
Spent
$6.6M
To programs
78%
Net assets
$7.7M
By yearFY2020–FY2025
Revenue
$6.9M
FY2025▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$5.3M
FY2022$5.1M
FY2023$6.3M
FY2024$7.6M
FY2025$6.9M
Expenses
$6.6M
FY2025▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$3.9M
FY2022$4.5M
FY2023$5.2M
FY2024$6.0M
FY2025$6.6M
Net assets
$7.7M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$4.1M
FY2022$4.7M
FY2023$5.7M
FY2024$7.4M
FY2025$7.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1969.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $5.2M Management & general 22% · $1.4M Fundraising 0% · $10K

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

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Elizabeth Peters$111,352—
Beth Peters—$87,567

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.

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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 15aYes

Programs and updates

Educates students from preschool through twelfth grade in a college preparatory setting.

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Provided by the organization

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1 program · $5.2M · in their own filed words · FY2024
01

Institutional instruction and related activities to approximately 330 students in grades kindergarten through twelve, including extended day care.

$5.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$250K
Grants paid · 35 grants · $3.2M · 2019–2024
Unitemized GrantFY2024$371,269
Unitemized GrantFY2024$63,000
Unitemized GrantFY2024$54,972
Unitemized GrantFY2024$37,126
Unitemized GrantFY2024$36,063
Unitemized GrantFY2024$32,690
Unitemized GrantFY2023$321,735
Unitemized GrantFY2023$70,695
Unitemized GrantFY2023$60,425
Unitemized GrantFY2023$33,685
Unitemized GrantFY2023$30,952
Unitemized GrantFY2023$28,745
Unitemized GrantFY2022$327,065
Unitemized GrantFY2022$74,203
Unitemized GrantFY2022$63,349
Unitemized GrantFY2022$36,865
Unitemized GrantFY2022$26,181
Unitemized GrantFY2022$21,873
See all 35 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Fees for servicesLn 2g$6.0M
Gifts and grantsLn 1h$409K
Other incomeLn 4–11$304K
Money outPt IX
$6.6M
Ln 25
Programscol B$5.2M
Managementcol C$1.4M
Fundraisingcol D$10K
Owns and owesPt X
$7.7M
net assets · Ln 32
Cash and savingsLn 1–2$688K
Total assetsLn 16$16.6M
LiabilitiesLn 26$8.9M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$409K
Noncash giftsLn 1g$52K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$178K
Other incomeLn 4–11$304K
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$688K
Cash and savings togetherLn 1–2$688K
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$8.1M
Other assetsLn 15$47K
Total assetsLn 16$16.6M
LiabilitiesLn 26$8.9M
Net assetsLn 32$7.7M
OperationsPt I, VI
EmployeesI 5145
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$502K$688K
InvestmentsLn 11–13$3.4M$2.8M
Land, buildings, equipmentLn 10c$7.5M$8.1M
Total assetsLn 16$16.3M$16.6M
LiabilitiesLn 26$9.0M$8.9M
Net assetsLn 32$7.4M$7.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$595K$595K
Other salaries and wagesLn 7$3.6M$2.7M$867K
Pension plan contributionsLn 8$76K$61K$15K
Other employee benefitsLn 9$380K$296K$84K
Payroll taxesLn 10$263K$205K$58K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$24K$24K
Professional fundraising feesLn 11e$10K$10K
Investment management feesLn 11f$5K$5K
Advertising and promotionLn 12$31K$31K
Office expensesLn 13$21K$3K$19K
OccupancyLn 16$460K$409K$51K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$25K$25K
InterestLn 20$193K$193K
Depreciation, depletion and amortizationLn 22$361K$361K
Other expenses (24a–d)Ln 24$584K$493K$91K
All other expensesLn 24e$22K$22K
Total functional expensesLn 25$6.6M$5.2M$1.4M$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.9M$6.6M$306K$7.7M 990 PDF
FY2024 $7.6M$6.0M$1.6M$7.4M 990 PDF
FY2023 $6.3M$5.2M$1.0M$5.7M 990 PDF
FY2022 $5.1M$4.5M$558K$4.7M 990 PDF
FY2021 $5.3M$3.9M$1.4M$4.1M 990 PDF
FY2020 $4.3M$3.8M$495K$2.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $6,940,552 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,617,336$408,879
I-9 Program service revenuePrior year $5,585,980$6,049,152
I-10 Investment incomePrior year $207,684$178,430
I-11 Other revenuePrior year $220,510$304,091
I-12 Total revenuePrior year $7,631,510$6,940,552
I-13 Grants and similar amounts paidPrior year $546,237$595,120
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,049,222$4,274,202
I-16a Professional fundraising feesPrior year $8,141$9,959
I-17 Other expensesPrior year $1,387,080$1,755,533
I-18 Total expensesPrior year $5,990,680$6,634,814
I-19 Revenue less expensesPrior year $1,640,830$305,738
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $6,940,552 across 8 lines filed
Lines not itemized here account for $354,146 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$408,879
VIII-1g Noncash contributions (included above)$52,119
VIII-1h Total contributions, gifts and grants$408,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,841,722$5,841,722
VIII-3 Investment incomeExcluded from tax $178,430$178,430
VIII-8 Net income from fundraising eventsExcluded from tax $3,882$3,882
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,188 · Excluded from tax $123,305$153,493
VIII-12 Total revenueRelated to mission $6,221,823 · Excluded from tax $309,850$6,940,552
Part IX · Statement of functional expenses $6,634,814 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $595,120$595,120
IX-7 Other salaries and wagesPrograms $2,688,996 · Management $867,256$3,556,252
IX-8 Pension plan contributionsPrograms $60,933 · Management $14,790$75,723
IX-9 Other employee benefitsPrograms $295,897 · Management $83,613$379,510
IX-10 Payroll taxesPrograms $204,756 · Management $57,961$262,717
IX-11b Legal feesManagement $3,055$3,055
IX-11c Accounting feesManagement $24,050$24,050
IX-11e Professional fundraising feesFundraising $9,959$9,959
IX-11f Investment management feesManagement $4,634$4,634
IX-12 Advertising and promotionPrograms $31,267$31,267
IX-13 Office expensesPrograms $2,894 · Management $18,506$21,400
IX-16 OccupancyPrograms $409,026 · Management $50,554$459,580
IX-17 TravelPrograms $26,704$26,704
IX-19 Conferences, conventions and meetingsManagement $25,019$25,019
IX-20 InterestManagement $193,313$193,313
IX-22 Depreciation, depletion and amortizationPrograms $360,767$360,767
IX-24 Other expenses (24a–d)Programs $492,530 · Management $91,289$583,819
IX-24e All other expensesPrograms $21,925$21,925
IX-25 Total functional expensesPrograms $5,190,815 · Management $1,434,040 · Fundraising $9,959$6,634,814
Part X · Balance sheet $16,564,314 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $502,048$687,949
X-3 Pledges and grants receivableStart of year $242,000$227,800
X-4 Accounts receivableStart of year $4,452,858$4,715,739
X-9 Prepaid expenses and deferred chargesStart of year $43,216$74,649
X-10c Land, buildings and equipment, netStart of year $7,472,421$8,058,283
X-11 Publicly traded securitiesStart of year $3,379,930$2,752,849
X-15 Other assetsStart of year $227,289$47,045
X-16 Total assetsStart of year $16,319,762$16,564,314
X-17 Accounts payable and accrued expensesStart of year $1,082,956$674,957
X-25 Other liabilitiesStart of year $4,917,820$5,144,024
X-26 Total liabilitiesStart of year $8,957,713$8,896,527
X-27 Net assets without donor restrictionsStart of year $6,683,174$7,047,348
X-28 Net assets with donor restrictionsStart of year $678,875$620,439
X-32 Total net assets or fund balancesStart of year $7,362,049$7,667,787
X-33 Total liabilities and net assetsStart of year $16,319,762$16,564,314
Part XI · Reconciliation of net assets $7,667,787 net assets at year end
XI-1 Total revenue$6,940,552
XI-2 Total expenses$6,634,814
XI-3 Revenue less expenses$305,738
XI-4 Net assets at start of year$7,362,049
XI-10 Net assets at end of year$7,667,787

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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