Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 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.
Eugene Slocum’s $113K as Superintendant is at the 5th percentile of top reported officer pay among 3684 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Eugene Slocum | $113,391 | $144,708 |
| Susan Slocum | $106,175 | $144,708 |
| Rebecca Mulbah | $58,092 | — |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Advocates for and supports public charter schools across North Carolina.
Questions for Alpha Academy INC
Your first name shows with your question. Alpha Academy INC answers here, for everyone.
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Operated a public charter school in fayetteville, NC serving approximately 877 students for the fiscal year ended june 30, 2022.
By the numbers
The FY2022 990, line by line.
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| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.7M | $4.7M |
| Land, buildings, equipmentLn 10c | $16.1M | $16.2M |
| Total assetsLn 16 | $22.8M | $21.0M |
| LiabilitiesLn 26 | $11.4M | $10.8M |
| Net assetsLn 32 | $11.3M | $10.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $287K | $287K | ||
| Other salaries and wagesLn 7 | $3.7M | $3.4M | $378K | |
| Pension plan contributionsLn 8 | $45K | $38K | $7K | |
| Other employee benefitsLn 9 | $984K | $821K | $163K | |
| Payroll taxesLn 10 | $378K | $315K | $63K | |
| Legal feesLn 11b | $98K | $98K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Other fees for servicesLn 11g | $186K | $156K | $30K | |
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $132K | $32K | $100K | |
| Information technologyLn 14 | $268K | $201K | $67K | |
| OccupancyLn 16 | $795K | $693K | $103K | |
| TravelLn 17 | $48K | $36K | $12K | |
| Conferences, conventions and meetingsLn 19 | $53K | $40K | $13K | |
| InterestLn 20 | $416K | $312K | $104K | |
| Depreciation, depletion and amortizationLn 22 | $678K | $509K | $170K | |
| InsuranceLn 23 | $65K | $65K | ||
| Other expenses (24a–d)Ln 24 | $2.2M | $1.7M | $528K | |
| All other expensesLn 24e | $235K | $191K | $44K | |
| Total functional expensesLn 25 | $10.6M | $8.4M | $2.2M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $12.3M | $11.1M | $1.3M | $15.4M | 990 PDF |
| FY2024 | $12.8M | $11.2M | $1.7M | $14.2M | 990 PDF |
| FY2023 | $12.3M | $11.0M | $1.4M | $12.5M | 990 PDF |
| FY2022 Viewing | $9.5M | $10.6M | −$1.2M | $10.2M | 990 PDF |
| FY2021 | $9.5M | $7.0M | $2.5M | $11.3M | 990 PDF |
| FY2020 | $7.5M | $6.4M | $1.1M | $8.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $9,474,436 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $9,474,436 across 7 lines filed
Part IX · Statement of functional expenses $10,644,192 across 19 lines filed
Part X · Balance sheet $20,975,486 assets, 10 lines filed
Part XI · Reconciliation of net assets $10,168,407 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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