Noble Academy
- Assets
- $12.3m
- Revenue
- $4.5m
- Investments
- $95.5k
- Employees
- 85
- Location
- Greensboro, NC
- Founding
- 08/1990
- Data as of
- 06/2024
- 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 06/2024, Noble Academy employed 85 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 06/2024, Noble Academy generated $4.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.7m during the year ending 06/2024. While expenses have increased by 3.1% per year over the past 9 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
2024
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 |
|---|---|---|---|
Sophia Devries Chair | OfficerTrustee | 1 | $0 |
David Geren Board Member | Trustee | 1 | $0 |
Carole Albright Secretary | OfficerTrustee | 1 | $0 |
Margaret Kanipes-Spinks Board Member | Trustee | 1 | $0 |
Stefano Rosic Treasurer | OfficerTrustee | 1 | $0 |
Michael Slane Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,730 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,518 |
| Total Program Service Revenue | $3,971,624 |
| Investment income | $139,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,325 |
| Net Gain/Loss on Asset Sales | $33,917 |
| Net Income from Fundraising Events | -$5,722 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,502,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $364,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $285,603 |
| Compensation of current officers, directors, key employees. | $82,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,517,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $340,010 |
| Payroll taxes | $212,594 |
| 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 | $124,147 |
| Advertising and promotion | $59,157 |
| Office expenses | $65,649 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,533 |
| 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 | $217,803 |
| Insurance | $62,997 |
| All other expenses | $5,973 |
| Total functional expenses | $4,720,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,902 |
| Savings and temporary cash investments | $1,163,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,447,355 |
| 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 | $8,633 |
| Net Land, buildings, and equipment | $3,938,431 |
| Investments—publicly traded securities | $4,591,018 |
| Investments—other securities | $95,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,473 |
| Total assets | $12,312,355 |
| Accounts payable and accrued expenses | $31,398 |
| Grants payable | $0 |
| Deferred revenue | $2,984,198 |
| 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 | $246,319 |
| Total liabilities | $3,261,915 |
| Net assets without donor restrictions | $4,857,196 |
| Net assets with donor restrictions | $4,193,244 |
| 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 | $12,312,355 |