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.
79¢ of each $1 spent went to programs.
$313K 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

FY2022 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$313K
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
4 mo
of spending, in cash
Looks good: 4.3 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
$16.9M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.7M
-3% vs prior year
Spent
$9.5M
To programs
79%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$8.7M
FY2022▼ -3%
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
$9.5M
FY2022▲ +13%
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
$3.8M
FY2022▼ -21%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

79 cents of each dollar spent went to programs.

Program services 79% · $7.5M Management & general 19% · $1.8M Fundraising 2% · $181K

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

17 people listed on the 990; $313K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
CEO/President
$109,705Pt VII · Sec A
Cao/Principal
$77,354Pt VII · Sec A
CFO/Treasurer
$68,913Pt VII · Sec A
Corporate Secretary
$56,901Pt VII · Sec A
Board Member
$0Pt 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 · $7.0M · in their own filed words · FY2021
01

Fletcher Academy

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

$4.3Mprogram 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 educationalopportunity in the service for the young people of the organization.

$2.0Mprogram 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.

$730Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$8.7M
Ln 12
Fees for servicesLn 2g$6.8M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$570K
Money outPt IX
$9.5M
Ln 25
Programscol B$7.5M
Managementcol C$1.8M
Fundraisingcol D$181K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$20.8M
LiabilitiesLn 26$16.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$204K
Fees for servicesLn 2g$6.8M
Investment incomeLn 3$55K
Other incomeLn 4–11$570K
Gains on assetsLn 7$54K
Total revenueLn 12$8.7M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$1.5M
Land, buildings, equipmentLn 10c$14.7M
Other assetsLn 15$377K
Total assetsLn 16$20.8M
LiabilitiesLn 26$16.9M
Net assetsLn 32$3.8M
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 FY22End FY22
Cash and savingsLn 1–2$3.3M$3.4M
InvestmentsLn 11–13$1.7M$1.5M
Land, buildings, equipmentLn 10c$14.7M$14.7M
Total assetsLn 16$21.0M$20.8M
LiabilitiesLn 26$16.1M$16.9M
Net assetsLn 32$4.9M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$390K$390K
Pay of current officers, directors and key staffLn 5$442K$442K
Other salaries and wagesLn 7$2.8M$2.4M$390K$65K
Pension plan contributionsLn 8$127K$90K$33K$5K
Other employee benefitsLn 9$1.3M$836K$398K$70K
Payroll taxesLn 10$228K$154K$69K$5K
Accounting feesLn 11c$34K$34K
Other fees for servicesLn 11g$79K$79K$298
Advertising and promotionLn 12$36K$35K$416
Office expensesLn 13$48K$13K$18K$17K
Information technologyLn 14$326K$150K$174K$2K
OccupancyLn 16$491K$463K$28K
TravelLn 17$9K$8K$1K
Conferences, conventions and meetingsLn 19$700$700
Depreciation, depletion and amortizationLn 22$1.1M$993K$74K
InsuranceLn 23$214K$152K$62K
Other expenses (24a–d)Ln 24$1.9M$1.7M$104K$16K
Total functional expensesLn 25$9.5M$7.5M$1.8M$181K

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 Viewing $8.7M$9.5M−$828K$3.8M 990 PDF
FY2021 $9.0M$8.4M$559K$4.9M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $8,672,935 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,160,444$1,252,887
I-9 Program service revenuePrior year $6,452,841$6,795,578
I-10 Investment incomePrior year $43,033$54,936
I-11 Other revenuePrior year $327,687$569,534
I-12 Total revenuePrior year $8,984,005$8,672,935
I-13 Grants and similar amounts paidPrior year $478,031$389,572
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,059,967$4,948,712
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,886,592$4,162,940
I-18 Total expensesPrior year $8,424,590$9,501,224
I-19 Revenue less expensesPrior year $559,415−$828,289
Part VI · Governance 14 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
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 $8,672,935 across 10 lines filed
VIII-1e Government grants$203,995
VIII-1f All other contributions, gifts and grants$1,048,892
VIII-1h Total contributions, gifts and grants$1,252,887
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,795,578$6,795,578
VIII-3 Investment incomeExcluded from tax $1,279$1,279
VIII-6 Net rental income or lossExcluded from tax $228,884$228,884
VIII-7 Net gain or loss on sales of assetsExcluded from tax $53,657$53,657
VIII-8 Net income from fundraising eventsExcluded from tax $11,010$11,010
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $289,305 · Excluded from tax $40,335$329,640
VIII-12 Total revenueRelated to mission $7,084,883 · Unrelated business $0 · Excluded from tax $335,165$8,672,935
Part IX · Statement of functional expenses $9,501,224 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $389,572$389,572
IX-5 Pay of current officers, directors and key staffManagement $441,657$441,657
IX-7 Other salaries and wagesPrograms $2,393,281 · Management $390,106 · Fundraising $65,420$2,848,807
IX-8 Pension plan contributionsPrograms $89,602 · Management $32,781 · Fundraising $4,512$126,895
IX-9 Other employee benefitsPrograms $835,681 · Management $397,632 · Fundraising $70,496$1,303,809
IX-10 Payroll taxesPrograms $154,156 · Management $68,808 · Fundraising $4,580$227,544
IX-11c Accounting feesManagement $33,775$33,775
IX-11g Other fees for servicesPrograms $78,581 · Management $298$78,879
IX-12 Advertising and promotionPrograms $35,271 · Management $416$35,687
IX-13 Office expensesPrograms $13,065 · Management $17,728 · Fundraising $16,825$47,618
IX-14 Information technologyPrograms $150,085 · Management $173,563 · Fundraising $2,400$326,048
IX-16 OccupancyPrograms $462,842 · Management $28,008$490,850
IX-17 TravelPrograms $7,692 · Fundraising $1,401$9,093
IX-19 Conferences, conventions and meetingsPrograms $700$700
IX-22 Depreciation, depletion and amortizationPrograms $992,943 · Management $73,997$1,066,940
IX-23 InsurancePrograms $151,871 · Management $61,697$213,568
IX-24 Other expenses (24a–d)Programs $1,740,224 · Management $103,928 · Fundraising $15,630$1,859,782
IX-25 Total functional expensesPrograms $7,495,566 · Management $1,824,394 · Fundraising $181,264$9,501,224
Part X · Balance sheet $20,769,955 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,712,361$1,498,371
X-2 Savings and temporary cash investmentsStart of year $1,628,548$1,929,012
X-3 Pledges and grants receivableStart of year $487,317$484,358
X-4 Accounts receivableStart of year $167,236$185,012
X-9 Prepaid expenses and deferred chargesStart of year $64,846$53,537
X-10c Land, buildings and equipment, netStart of year $14,724,425$14,716,259
X-11 Publicly traded securitiesStart of year $1,733,981$1,526,469
X-15 Other assetsStart of year $454,326$376,937
X-16 Total assetsStart of year $20,973,040$20,769,955
X-17 Accounts payable and accrued expensesStart of year $703,138$689,288
X-19 Deferred revenueStart of year $64,689$125,548
X-25 Other liabilitiesStart of year $15,329,888$15,912,854
X-26 Total liabilitiesStart of year $16,104,532$16,926,017
X-27 Net assets without donor restrictionsStart of year $1,893,099$1,325,167
X-28 Net assets with donor restrictionsStart of year $2,975,409$2,518,771
X-32 Total net assets or fund balancesStart of year $4,868,508$3,843,938
X-33 Total liabilities and net assetsStart of year $20,973,040$20,769,955
Part XI · Reconciliation of net assets $3,843,938 net assets at year end
XI-1 Total revenue$8,672,935
XI-2 Total expenses$9,501,224
XI-3 Revenue less expenses−$828,289
XI-4 Net assets at start of year$4,868,508
XI-5 Net unrealized gains (losses) on investments−$172,623
XI-9 Other changes in net assets−$23,658
XI-10 Net assets at end of year$3,843,938

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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