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Southpoint Academy

IRS exemption revoked

Durham, NC501(c)(3)Education EIN 71-1043062Revenue $329K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSsouthpointacademy.orgDurham, NCTax-exempt since Jul 2008School — 170(b)(1)(A)(ii)

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Education to provide a world class education to its students

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 71-1043062) · Dispute this line
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
The latest return is for FY2022, 4 tax years back.
IRS e-file · Filing history
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.4 mo
of spending, in cash
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 9 voting members
None of 9 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$329K
Spent
$322K
To programs
100%
Net assets
$12K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Follow Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing we have: FY2022. IRS ruling in Jul 2008.

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% · $322K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Cheryl Singlet
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vanessa Thomas
Treasiurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southpoint Academy executive salaries →

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

Provides world-class education to students.

Questions for Southpoint Academy

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1 program · $321K · in their own filed words · FY2022
01

To provide a world class education to its students

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 71-1043062) · Dispute this line
$321Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$329K
Ln 12
Fees for servicesLn 2g$329K
Investment incomeLn 3$48
Money outPt IX
$322K
Ln 25
Programscol B$322K
Owns and owesPt X
$12K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$329K
Investment incomeLn 3$48
Total revenueLn 12$329K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Total assetsLn 16$12K
LiabilitiesLn 26$0
Net assetsLn 32$12K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$138K$12K
Total assetsLn 16$138K$12K
LiabilitiesLn 26$0$0
Net assetsLn 32$138K$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$163K$163K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$52K$52K
Advertising and promotionLn 12$939$939
Office expensesLn 13$9K$9K
TravelLn 17$5K$5K
Payments to affiliatesLn 21$1K$1K
Depreciation, depletion and amortizationLn 22$10K$10K
Other expenses (24a–d)Ln 24$17K$17K
All other expensesLn 24e$61K$61K
Total functional expensesLn 25$322K$322K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS May 12, 2023 $329K$322K$8K$12K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $329,172 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $378,590$329,124
I-10 Investment income$48
I-11 Other revenue$0
I-12 Total revenuePrior year $378,590$329,172
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $215,627$216,083
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $92,213$105,442
I-18 Total expensesPrior year $307,840$321,525
I-19 Revenue less expensesPrior year $70,750$7,647
Part VI · Governance 0 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $329,172 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $329,124$329,124
VIII-3 Investment incomeRelated to mission $48$48
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $329,172$329,172
Part IX · Statement of functional expenses $321,525 across 10 lines filed
IX-7 Other salaries and wagesPrograms $162,637$162,637
IX-8 Pension plan contributionsPrograms $1,875$1,875
IX-10 Payroll taxesPrograms $51,571$51,571
IX-12 Advertising and promotionPrograms $939$939
IX-13 Office expensesPrograms $9,449$9,449
IX-17 TravelPrograms $5,495$5,495
IX-21 Payments to affiliatesPrograms $1,075$1,075
IX-22 Depreciation, depletion and amortizationPrograms $10,156$10,156
IX-24 Other expenses (24a–d)Programs $17,036$17,036
IX-24e All other expensesPrograms $61,292$61,292
IX-25 Total functional expensesPrograms $321,525 · Management $0 · Fundraising $0$321,525
Part X · Balance sheet $12,000 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $138,340$12,000
X-16 Total assetsStart of year $138,340$12,000
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $138,340$12,000
X-32 Total net assets or fund balancesStart of year $138,340$12,000
X-33 Total liabilities and net assetsStart of year $138,340$12,000
Part XI · Reconciliation of net assets $12,000 net assets at year end
XI-1 Total revenue$329,172
XI-2 Total expenses$321,525
XI-3 Revenue less expenses$7,647
XI-4 Net assets at start of year$138,340
XI-10 Net assets at end of year$12,000

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

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