Noble Academy
- Assets
- $11.9m
- Revenue
- $4.3m
- Investments
- $84.5k
- Employees
- 76
- Location
- Greensboro, NC
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 56-1676066
Organization Overview
Noble Academy is located in Greensboro, NC. The organization was established in 1990. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Noble Academy employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Noble Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Noble Academy generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A SCHOOL PROVIDING EDUCATIONAL SERVICES TO STUDENTS IN GRADES 2-12 WITH LEARNING DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SCHOOL PROVIDING EDUCATIONAL SERVICES TO STUDENTS IN GRADES 2-12 WITH LEARNING DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Carter Head Of School | OfficerTrustee | 40 | $130,816 |
Jan Linder Director Of Business And Finance | OfficerTrustee | 40 | $74,388 |
Chris Lookabill Treasurer | OfficerTrustee | 1 | $0 |
Michelle Malloy Secretary | OfficerTrustee | 1 | $0 |
Jo Hughes Vice Chair | OfficerTrustee | 1 | $0 |
Sophia Devries Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $140,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,857 |
| Total Program Service Revenue | $3,792,553 |
| Investment income | $58,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,273,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $424,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $228,759 |
| Compensation of current officers, directors, key employees. | $70,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,275,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $297,274 |
| Payroll taxes | $183,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,864 |
| Advertising and promotion | $45,114 |
| Office expenses | $68,172 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $211,593 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,106 |
| Insurance | $48,056 |
| All other expenses | $17,107 |
| Total functional expenses | $4,282,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,550 |
| Savings and temporary cash investments | $1,947,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,463,144 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,862,686 |
| Investments—publicly traded securities | $3,567,022 |
| Investments—other securities | $84,545 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,373 |
| Total assets | $11,946,488 |
| Accounts payable and accrued expenses | $25,117 |
| Grants payable | $0 |
| Deferred revenue | $3,341,371 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $143,939 |
| Total liabilities | $3,510,427 |
| Net assets without donor restrictions | $4,782,824 |
| Net assets with donor restrictions | $3,653,237 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,946,488 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Noble Academy has recieved totaling $30,753.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $17,517 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $461 |
Otter Cares Foundation Fort Collins, CO PURPOSE: GENERAL & UNRESTRICTED | $275 |
Endowment Analysis
| Beg. Balance | $4,330,099 |
| Earnings | -$537,472 |
| Admin Expense | $32,514 |
| Net Contributions | $32,589 |
| Grants | $141,135 |
| Ending Balance | $3,651,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Currey Ingram Academy Brentwood, TN | $68,664,811 | $19,766,895 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Virginia Episcopal School Lynchburg, VA | $42,343,812 | $12,608,124 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
Kings Daughters School Of Maury County Tennessee Columbia, TN | $22,315,744 | $10,828,649 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
New Community School Richmond, VA | $23,560,942 | $8,465,673 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |