Fletcher Academy, an independent college preparatory high school founded in 1910, exists to provide a distinctly seventh-day adventist education where spiritual development is bolstered with academic rigor, work skills, and character development that challenges our students.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$274K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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 $43K a year · under 1% 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
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$274K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $1.1M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$9.3M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.9M
Spent
$8.2M
To programs
84%
Net assets
$10.8M
By yearFY2020–FY2025
Revenue
$8.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$8.9M
FY2021$9.0M
FY2022$8.7M
FY2023$9.7M
FY2024$10.5M
FY2025$12.6M
Expenses
$8.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$8.2M
FY2021$8.4M
FY2022$9.5M
FY2023$10.6M
FY2024$10.9M
FY2025$12.0M
Net assets
$10.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10.8M
FY2021$4.9M
FY2022$3.8M
FY2023$3.1M
FY2024$2.9M
FY2025$3.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1986.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $6.9M Management & general 14% · $1.2M Fundraising 2% · $141K

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

19 people listed on the 990; $274K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Principal/Cao
$74,509Pt VII · Sec A
CEO/President Thru 2/2020
$74,251Pt VII · Sec A
CFO/Treasurer
$59,608Pt VII · Sec A
HR/Current Secretary
$43,034Pt VII · Sec A
COO/Former Secretary
$22,504Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Chris Carey$118,141$95,420$104,402$109,705——
Christopher Carey————$99,357—
Philip D Wilhelm$88,403$86,769$79,313$77,354$71,156$74,509
Stephen Learned$76,044$72,498$68,028$68,913$68,334$59,608
Gary Carlson—————$74,251
Arthur L Gibbs$71,524$67,287$60,064$56,901——
Collin Petty—————$43,034
Jonathan T Smith—————$22,504

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

Provides education, retirement living, and fitness services for community members and residents.

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3 programs · $6.9M · in their own filed words · FY2019
01

Fletcher Academy

An independent college preparatory high school, which provides a distinctly seventh-day adventist education where spiritual development is bolstered withacademic rigor, work skills, and character development. Fletcher academy is a high school located in henderson county, north carolina, and is open to students worldwide.

$4.5Mprogram expense
02

Fletcher Park Inn

The retirement community known as fletcher park inn, also located in henderson county, is open to individuals who desire retirement living in a lifestyle that is offered on the fletcher academy campus. Fletcher park inn also provides an educational opportunity in the service for the young people of the organization.

$1.7Mprogram expense
03

Lelia Patterson Center

The activity center known as lelia patterson center in open to individuals and their families to pursue a healthy lifestyle through exercise, health education, recreation, and social activities in a christian atmosphere.

$682Kprogram 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 · FY2024
See all 7 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$8.9M
Ln 12
Fees for servicesLn 2g$6.5M
Gifts and grantsLn 1h$2.0M
Other incomeLn 4–11$366K
Money outPt IX
$8.2M
Ln 25
Programscol B$6.9M
Managementcol C$1.2M
Fundraisingcol D$141K
Owns and owesPt X
$10.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$20.1M
LiabilitiesLn 26$9.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A5
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$6.5M
Investment incomeLn 3$45K
Other incomeLn 4–11$366K
Gains on assetsLn 7$6K
Total revenueLn 12$8.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$14.7M
Other assetsLn 15$425K
Total assetsLn 16$20.1M
LiabilitiesLn 26$9.3M
Net assetsLn 32$10.8M
OperationsPt I, VI
EmployeesI 5413
VolunteersI 640
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 FY20End FY20
Cash and savingsLn 1–2$2.4M$3.5M
InvestmentsLn 11–13$1.4M$1.4M
Land, buildings, equipmentLn 10c$14.9M$14.7M
Total assetsLn 16$19.4M$20.1M
LiabilitiesLn 26$9.3M$9.3M
Net assetsLn 32$10.1M$10.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$489K$489K
Pay of current officers, directors and key staffLn 5$465K$353K$98K$14K
Other salaries and wagesLn 7$2.3M$1.8M$432K$47K
Pension plan contributionsLn 8$125K$83K$39K$4K
Other employee benefitsLn 9$608K$391K$173K$44K
Payroll taxesLn 10$195K$133K$58K$4K
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$32K$32K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$327K$269K$54K$3K
Advertising and promotionLn 12$69K$61K$8K
Office expensesLn 13$153K$114K$28K$12K
Information technologyLn 14$145K$96K$49K
OccupancyLn 16$1.5M$1.4M$53K$2K
InterestLn 20$2K$2K$75
Depreciation, depletion and amortizationLn 22$863K$812K$51K
InsuranceLn 23$142K$119K$23K
Other expenses (24a–d)Ln 24$577K$548K$29K
All other expensesLn 24e$204K$163K$30K$10K
Total functional expensesLn 25$8.2M$6.9M$1.2M$141K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.6M$12.0M$648K$3.8M 990 PDF
FY2024 $10.5M$10.9M−$408K$2.9M 990 PDF
FY2023 $9.7M$10.6M−$913K$3.1M 990 PDF
FY2022 $8.7M$9.5M−$828K$3.8M 990 PDF
FY2021 $9.0M$8.4M$559K$4.9M 990 PDF
FY2020 Viewing $8.9M$8.2M$683K$10.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $8,894,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,154,876$2,003,489
I-9 Program service revenuePrior year $6,889,679$6,480,153
I-10 Investment incomePrior year $56,208$44,886
I-11 Other revenuePrior year $409,431$366,039
I-12 Total revenuePrior year $8,510,194$8,894,567
I-13 Grants and similar amounts paidPrior year $631,278$488,520
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,833,631$3,691,671
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,486,413$4,031,289
I-18 Total expensesPrior year $7,951,322$8,211,480
I-19 Revenue less expensesPrior year $558,872$683,087
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $8,894,567 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,003,489
VIII-1h Total contributions, gifts and grants$2,003,489
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,480,153$6,480,153
VIII-3 Investment incomeExcluded from tax $38,916$38,916
VIII-6 Net rental income or lossExcluded from tax $364,115$364,115
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,970$5,970
VIII-8 Net income from fundraising eventsExcluded from tax $1,924$1,924
VIII-12 Total revenueRelated to mission $6,480,153 · Unrelated business $0 · Excluded from tax $410,925$8,894,567
Part IX · Statement of functional expenses $8,211,480 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $488,520$488,520
IX-5 Pay of current officers, directors and key staffPrograms $353,279 · Management $97,749 · Fundraising $14,329$465,357
IX-7 Other salaries and wagesPrograms $1,818,408 · Management $432,220 · Fundraising $47,426$2,298,054
IX-8 Pension plan contributionsPrograms $83,092 · Management $38,591 · Fundraising $3,712$125,395
IX-9 Other employee benefitsPrograms $390,736 · Management $172,739 · Fundraising $44,405$607,880
IX-10 Payroll taxesPrograms $133,264 · Management $58,153 · Fundraising $3,568$194,985
IX-11b Legal feesManagement $22,845$22,845
IX-11c Accounting feesManagement $32,000$32,000
IX-11f Investment management feesManagement $7,019$7,019
IX-11g Other fees for servicesPrograms $269,474 · Management $54,087 · Fundraising $3,309$326,870
IX-12 Advertising and promotionPrograms $61,499 · Management $7,648$69,147
IX-13 Office expensesPrograms $113,526 · Management $27,930 · Fundraising $12,040$153,496
IX-14 Information technologyPrograms $95,948 · Management $48,700$144,648
IX-16 OccupancyPrograms $1,431,924 · Management $53,082 · Fundraising $1,688$1,486,694
IX-20 InterestPrograms $1,968 · Management $75$2,043
IX-22 Depreciation, depletion and amortizationPrograms $811,707 · Management $51,450$863,157
IX-23 InsurancePrograms $119,084 · Management $23,131$142,215
IX-24 Other expenses (24a–d)Programs $547,817 · Management $29,416$577,233
IX-24e All other expensesPrograms $163,235 · Management $30,441 · Fundraising $10,246$203,922
IX-25 Total functional expensesPrograms $6,883,481 · Management $1,187,276 · Fundraising $140,723$8,211,480
Part X · Balance sheet $20,104,549 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,078,501$1,486,379
X-2 Savings and temporary cash investmentsStart of year $1,310,306$1,994,789
X-4 Accounts receivableStart of year $141,144$101,110
X-9 Prepaid expenses and deferred chargesStart of year $32,935$46,286
X-10c Land, buildings and equipment, netStart of year $14,917,590$14,674,051
X-11 Publicly traded securitiesStart of year $1,433,101$1,377,008
X-15 Other assetsStart of year $489,327$424,926
X-16 Total assetsStart of year $19,402,904$20,104,549
X-17 Accounts payable and accrued expensesStart of year $612,120$692,236
X-19 Deferred revenueStart of year $46,194$722,259
X-25 Other liabilitiesStart of year $8,332,694$7,901,789
X-26 Total liabilitiesStart of year $9,263,110$9,349,986
X-27 Net assets without donor restrictionsStart of year $7,574,935$8,565,586
X-28 Net assets with donor restrictionsStart of year $2,564,859$2,188,977
X-32 Total net assets or fund balancesStart of year $10,139,794$10,754,563
X-33 Total liabilities and net assetsStart of year $19,402,904$20,104,549
Part XI · Reconciliation of net assets $10,754,563 net assets at year end
XI-1 Total revenue$8,894,567
XI-2 Total expenses$8,211,480
XI-3 Revenue less expenses$683,087
XI-4 Net assets at start of year$10,139,794
XI-5 Net unrealized gains (losses) on investments−$43,532
XI-9 Other changes in net assets−$24,786
XI-10 Net assets at end of year$10,754,563

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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