philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Southeastern Academy INC FY2021 filing

Tax-deductible

Lumberton, NC501(c)(3)EducationEIN 56-1712586Revenue $2.1M in FY2021

On file with the IRSsoutheasternacademy.org12251 NC Highway 41 N, 28358-6892 · Lumberton, NCTax-exempt since Jul 1992School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Southeastern Academy, INC operates a charter school serving students from kindergarten through the 8th grade. The Academy converted from a private school to a charter school under the authority of the north carolina state board of education. The Academy mission is to maintain high expectations and promote excellence, especially in the fields of math and science for all students, while fostering a caring and creative learning environment. The Academy emphasizes the social, emotional, physical, and intellectual development of each child.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
5 of 6
filings with a surplus
Average surplus $69K a year · 3% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
101% of total assets
Concern: liabilities are 101% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
+18% vs prior year
Spent
$2.1M
To programs
100%
Net assets
−$18K
By yearFY2020–FY2025
Revenue
$2.1M
FY2021▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.1M
FY2022$2.0M
FY2023$2.2M
FY2024$2.2M
FY2025$2.6M
Expenses
$2.1M
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$2.1M
FY2022$1.9M
FY2023$2.1M
FY2024$2.1M
FY2025$2.4M
Net assets
−$18K
FY2021▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2020−$74K
FY2021−$18K
FY2022$147K
FY2023$204K
FY2024$324K
FY2025$470K

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

Give Claim
You’re viewing the FY2021 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 Jul 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Shelly Foil
Chairperson
$0Pt VII · Sec A
Tami George
Treasurer /
$0Pt VII · Sec A
$0Pt VII · Sec A
Greg Caulder
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Scott McLean
Director
$0Pt VII · Sec A
Paru Patel
Director
$0Pt VII · Sec A
Paul Bass
Director
$0Pt VII · Sec A
See Southeastern Academy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Operates a charter school for kindergarten through 8th grade, focusing on math and science.

Questions for Southeastern Academy INC

Tap to ask. Southeastern Academy INC sees how many people are interested.

Your first name shows with your question. Southeastern Academy INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.1M · in their own filed words · FY2020
01

The operation of a charter school under the authority of the north carolina state board of education.

$2.1Mprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$2.1M
Fees for servicesLn 2g$9K
Investment incomeLn 3$32
Money outPt IX
$2.1M
Ln 25
Programscol B$2.1M
Owns and owesPt X
−$18K
net assets · Ln 32
Cash and savingsLn 1–2$768K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$1.8M
Fees for servicesLn 2g$9K
Investment incomeLn 3$32
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$422K
SavingsLn 2$345K
Cash and savings togetherLn 1–2$768K
Land, buildings, equipmentLn 10c$361K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.6M
Net assetsLn 32−$18K
OperationsPt I, VI
EmployeesI 533
VolunteersI 625
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 FY21End FY21
Cash and savingsLn 1–2$965K$768K
Land, buildings, equipmentLn 10c$381K$361K
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$1.7M$1.6M
Net assetsLn 32−$74K−$18K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.1M$1.1M
Pension plan contributionsLn 8$236K$236K
Other employee benefitsLn 9$118K$118K
Payroll taxesLn 10$78K$78K
Accounting feesLn 11c$29K$29K
Office expensesLn 13$19K$19K
OccupancyLn 16$267K$267K
InterestLn 20$30K$30K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$203K$203K
Total functional expensesLn 25$2.1M$2.1M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$2.4M$146K$470K 990 PDF
FY2024 $2.2M$2.1M$120K$324K 990 PDF
FY2023 $2.2M$2.1M$57K$204K 990 PDF
FY2022 $2.0M$1.9M$164K$147K 990 PDF
FY2021 Viewing $2.1M$2.1M$56K−$18K 990 PDF
FY2020 $1.8M$1.9M−$127K−$74K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $2,141,762 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,776,027$2,133,091
I-9 Program service revenuePrior year $36,144$8,639
I-10 Investment income$32
I-11 Other revenue$0
I-12 Total revenuePrior year $1,812,171$2,141,762
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,672,093$1,502,839
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $267,385$582,814
I-18 Total expensesPrior year $1,939,478$2,085,653
I-19 Revenue less expensesPrior year −$127,307$56,109
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $2,141,762 across 6 lines filed
VIII-1e Government grants$1,815,773
VIII-1f All other contributions, gifts and grants$317,318
VIII-1h Total contributions, gifts and grants$2,133,091
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $8,639$8,639
VIII-3 Investment incomeExcluded from tax $32$32
VIII-12 Total revenueExcluded from tax $8,671$2,141,762
Part IX · Statement of functional expenses $2,085,653 across 11 lines filed
IX-7 Other salaries and wagesPrograms $1,071,188$1,071,188
IX-8 Pension plan contributionsPrograms $235,545$235,545
IX-9 Other employee benefitsPrograms $117,835$117,835
IX-10 Payroll taxesPrograms $78,271$78,271
IX-11c Accounting feesPrograms $28,864$28,864
IX-13 Office expensesPrograms $19,112$19,112
IX-16 OccupancyPrograms $266,895$266,895
IX-20 InterestPrograms $29,793$29,793
IX-22 Depreciation, depletion and amortizationPrograms $20,331$20,331
IX-23 InsurancePrograms $15,197$15,197
IX-24 Other expenses (24a–d)Programs $202,622$202,622
IX-25 Total functional expensesPrograms $2,085,653 · Management $0 · Fundraising $0$2,085,653
Part X · Balance sheet $1,567,940 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $619,507$422,170
X-2 Savings and temporary cash investmentsStart of year $345,339$345,374
X-9 Prepaid expenses and deferred chargesStart of year $258,842$439,777
X-10c Land, buildings and equipment, netStart of year $380,950$360,619
X-16 Total assetsStart of year $1,604,638$1,567,940
X-17 Accounts payable and accrued expensesStart of year $269,229$7,276
X-25 Other liabilitiesStart of year $1,409,037$1,578,183
X-26 Total liabilitiesStart of year $1,678,266$1,585,459
X-27 Net assets without donor restrictionsStart of year −$73,628−$17,519
X-32 Total net assets or fund balancesStart of year −$73,628−$17,519
X-33 Total liabilities and net assetsStart of year $1,604,638$1,567,940
Part XI · Reconciliation of net assets −$17,519 net assets at year end
XI-1 Total revenue$2,141,762
XI-2 Total expenses$2,085,653
XI-3 Revenue less expenses$56,109
XI-4 Net assets at start of year−$73,628
XI-10 Net assets at end of year−$17,519

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.