Civic Intelligence

Rocky Mount Academy

990 • Fiscal year 2025 • EIN 23-7005337

Jul 01, 2024 to Jun 30, 2025

Organization ProfileWWW.RMACADEMY.COM

View Organization Page

1313 Avondale AvenueRocky Mount, NC 27803

(252) 443-4126

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

41st percentile

0.23x

Higher debt load relative to assets than 41% of similar nonprofits.

2025 filings • NTEE B • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

38th percentile

0.22x

Higher debt load relative to revenue than 38% of similar nonprofits.

2025 filings • NTEE B • $10M-$25M nonprofits • Source year 2025

Net Margin

83rd percentile

21%

Higher net margin than 83% of similar nonprofits.

2025 filings • NTEE B • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

63rd percentile

$216,655

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2025 filings • NTEE B • $10M-$25M nonprofits • Source year 2025

Asset Growth

91st percentile

34%

Faster asset growth than 91% of similar nonprofits.

2025 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

89th percentile

51%

Faster revenue growth than 89% of similar nonprofits.

2025 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$10,299,596

Up $2,616,842 (+34%) from 2022

Net Assets

Up

$7,921,879

Up $2,664,255 (+51%) from 2022

Liabilities

Down

$2,377,717

Down $47,413 (-2.0%) from 2022

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin83rd percentile

Revenue

Up

$10,971,896

Up $3,734,992 (+52%) from 2022

Expenses

Up

$8,688,627

Up $1,433,823 (+20%) from 2022

Net Income

Up

$2,283,269

Up $2,301,169 (+12856%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $3,916,938Liabilities 2011: $1,321,010Net Assets 2011: $2,595,9282011Assets 2012: $3,817,473Liabilities 2012: $1,242,089Net Assets 2012: $2,575,3842012Assets 2013: $4,016,043Liabilities 2013: $1,257,608Net Assets 2013: $2,758,4352013Assets 2014: $4,054,791Liabilities 2014: $1,196,839Net Assets 2014: $2,857,9522014Assets 2015: $4,495,920Liabilities 2015: $1,436,627Net Assets 2015: $3,059,2932015Assets 2016: $4,569,076Liabilities 2016: $1,195,538Net Assets 2016: $3,373,5382016Assets 2017: $5,116,428Liabilities 2017: $1,285,667Net Assets 2017: $3,830,7612017Assets 2020: $7,945,381Liabilities 2020: $3,257,264Net Assets 2020: $4,688,1172020Assets 2021: $8,086,918Liabilities 2021: $2,459,752Net Assets 2021: $5,627,1662021Assets 2022: $7,682,754Liabilities 2022: $2,425,130Net Assets 2022: $5,257,6242022Assets 2025: $10,299,596Liabilities 2025: $2,377,717Net Assets 2025: $7,921,8792025

Highlighted filing

2025

Assets$10,299,596
Liabilities$2,377,717
Net Assets$7,921,879
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $4,188,1502011Expenses 2012: $4,889,8652012Expenses 2013: $4,955,2912013Revenue 2014: $5,237,825Expenses 2014: $5,212,530Net Income 2014: $25,2952014Revenue 2015: $5,600,615Expenses 2015: $5,418,511Net Income 2015: $182,1042015Revenue 2016: $5,692,192Expenses 2016: $5,337,011Net Income 2016: $355,1812016Revenue 2017: $6,312,285Expenses 2017: $5,855,062Net Income 2017: $457,2232017Revenue 2020: $6,096,066Expenses 2020: $6,443,061Net Income 2020: -$346,9952020Revenue 2021: $6,840,196Expenses 2021: $6,425,124Net Income 2021: $415,0722021Revenue 2022: $7,236,904Expenses 2022: $7,254,804Net Income 2022: -$17,9002022Revenue 2025: $10,971,896Expenses 2025: $8,688,627Net Income 2025: $2,283,2692025

Highlighted filing

2025

Revenue$10,971,896
Expenses$8,688,627
Net Income$2,283,269
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 9, 2026
Return Version
2024v5.5
Gross Receipts
$11,071,979
Mission and Program Overview

Mission

Rocky mount academy is an independent school with the mission to prepare its students for the challenges, opportunities, and responsibilities that they will encounter in life and college.

Rocky mount academy is an independent school with the mission to prepare its students for the challenges, opportunities and responsibilities that they will encounter in life and college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,783,929$4,658,978▼ $124,951
Investments in Publicly Traded Securities$2,654,038$3,181,028▲ $526,990
Accounts Receivable$117,085$2,036,012▲ $1,918,927
Cash and Non-Interest-Bearing Accounts$138,500$334,664▲ $196,164
Receivables From Officers Etc-$10,000-
Inventories for Sale or Use$1,558$1,558→ $0
Prepaid Expenses and Deferred Charges$1,237$0▼ $1,237
Total Assets$7,826,450$10,299,596▲ $2,473,146
Other Assets Total$130,103$77,356▼ $52,747
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,247,245$1,137,699▼ $109,546
Accounts Payable and Accrued Expenses$655,513$795,924▲ $140,411
Deferred Revenue$345,788$370,077▲ $24,289
Other Liabilities$147,483$74,017▼ $73,466
Total Liabilities$2,396,029$2,377,717▼ $18,312
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,813,752$4,913,991▲ $2,100,239
Net Assets With Donor Restrictions$2,616,669$3,007,888▲ $391,219
Total Net Assets Fund Balance$5,430,421$7,921,879▲ $2,491,458
Total Liabilities and Net Assets / Fund Balance$7,826,450$10,299,596▲ $2,473,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,656,541$3,978,221$7,634,762
Equipment$734,965$2,832,886$3,567,851
Leasehold Improvements$171,868$99,895$271,763
Land$95,604-$95,604

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,563,369-▲ $347,841$22,321$2,888,889
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Beth CovoloHeadmasterFT$216,655$216,655
Patsy BradleyFormer Finance OfficerFT$109,970$109,970

Board Members and Trustees

NameTitle
Leslie PaszekChairman
William RoederVice Chairman
Brice AndracchioTrustee
Bruce BerryTrustee
Evan DuffTrustee
Howard StevensTrustee
Josie DavisTrustee
Katherine FisherTrustee
Matthew ReamsTrustee
Mears PittTrustee
Sharon EdwardsTrustee
Steven CalhounTrustee
Theresa GilmoreTrustee
Trey ThorneTrustee
Sarah DixonSecretary
Brice AndracchioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,451,722
Program Service Revenue
$7,593,170
Investment Income
$846,608
Other Revenue
$80,396
All Other Contributions
$415,464
Change in Net Assets
$2,283,269

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,971,896
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,209,767
Total Revenue per Audited Statements
$9,762,129
Total Revenue per Form 990
$10,971,896
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,088,227
Other Expenses$2,167,124
Grants and Similar Amounts Paid$1,433,276
Total Fundraising Expense$204,185
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,511,663$297,717$127,593$3,936,973
Grants to Domestic Individuals$1,433,276--$1,433,276
Other Employee Benefits$467,191$36,337$15,573$519,101
Depreciation Depletion$347,451$18,286-$365,737
Current Officers, Directors, Trustees, and Key Employees$326,625--$326,625
Payroll Taxes$274,975$21,387$9,166$305,528
Fees for Services Accounting$266,438-$29,603$296,041
Occupancy$246,161$28,960$14,480$289,601
All Other Expenses$146,300--$146,300
Insurance$94,057$16,597-$110,654
Other Expenses$89,003$10,471$5,236$104,710
Interest$49,925$5,547-$55,472
Office Expenses$43,069$7,149$2,534$52,752
Advertising$26,361--$26,361
Total Functional Expenses$8,041,991$442,451$204,185$8,688,627

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,688,627
Expenses per Audited Statements$7,270,671
Total Expenses per Audited Statements$7,270,671
Other Expense Adjustments$1,433,276
Expenses Not Reported on Financial Statements$1,417,956
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$75,435
Fundraising Gross Income$52,951
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Auction$264,697$52,951$34,654$18,297
Total Events$264,697$52,951$75,436$-22,485
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$10,000-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Leased Equipment Costs$80,097
Loan Costs$-6,080
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section B, Line 12

“The board of trustees is reminded at each meeting of the conflict of interest policy in order to maintain awareness of the policy and the need to follow it closely.”

Form 990, Part VI, Section B, Line 15A

“The head of school's salary is determined by independent trustees who use both performance criteria and comparative salary data for individuals leading similar organizations with similar responsibilities. Performance goals are set by the independent trustees annually and salary adjustments are made based on performance and comparable salaries.”

Form 990, Part VI, Section C, Line 19

“The organization's governming documents, conflict of interest policies, and financial information as reported on form 990 are available to interested parties upon request.”

Filing and Contact Details

Filer

Filer Name
Rocky Mount Academy
EIN
23-7005337
Phone
2524434126
Address
1313 AVONDALE AVENUE, ROCKY MOUNT, NC 27803

Signing Officer

Name
Beth Covolo
Title
Head of School
Phone
2524434126
Signed
2026-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beth Covolo
Formed
1968
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
168
Volunteers
74

Preparer

Firm
Duncan Ashe Pa
Address
7900 MCCLOUD RD SUITE 101, GREENSBORO, NC 27409
Phone
3362856510
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The academy is exempt from federal income tax under section 501(c)(3) of the internal revenue code and is not classified as a private foundation under section 170(b)(1)(a)(vi). The academy is also exempt from state income tax; therefore, no provision for income taxes has been made in the accompanying statements of activities. The academy's federal return of academy exempt from income tax (form 990) for 2021 - 2023 are subject to examination by the irs, generally for three years after they were filed. The academy accounts for income taxes in accordance with asc 740, accounting for uncertainty in income taxes. Asc 740 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return where there is uncertainty about whether a tax position will ultimately be sustained upon examination. The academy has evaluated its tax positions and determined that it does not have any uncertain tax positions that meet the criteria under asc 740. Accordingly, the provisions of asc 740 did not have any impact on the accompanying financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“SCHOLARSHIPS APPLIED”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“SCHOLARSHIPS APPLIED”

Raw XML AppendixShowing 400 of 643 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0655513
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0795924
IRS990/AccountsReceivableGrp/BOYAmt0117085
IRS990/AccountsReceivableGrp/EOYAmt02036012
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ROCKY MOUNT ACADEMY IS AN INDEPENDENT SCHOOL WITH THE MISSION TO PREPARE ITS STUDENTS FOR THE CHALLENGES, OPPORTUNITIES AND RESPONSIBILITIES THAT THEY WILL ENCOUNTER IN LIFE AND COLLEGE.
IRS990/AdvertisingGrp/ProgramServicesAmt026361
IRS990/AdvertisingGrp/TotalAmt026361
IRS990/AllOtherContributionsAmt0415464
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0146300
IRS990/AllOtherExpensesGrp/TotalAmt0146300
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TAYLOR REGES
IRS990/BooksInCareOfDetail/PhoneNum02524434126
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01313 AVONDALE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0ROCKY MOUNT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd027803
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0138500
IRS990/CashNonInterestBearingGrp/EOYAmt0334664
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0326625
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0326625
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0211746
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02451722
IRS990/CYGrantsAndSimilarPaidAmt01433276
IRS990/CYInvestmentIncomeAmt0846608
IRS990/CYOtherExpensesAmt02167124
IRS990/CYOtherRevenueAmt080396
IRS990/CYProgramServiceRevenueAmt07593170
IRS990/CYRevenuesLessExpensesAmt02283269
IRS990/CYSalariesCompEmpBnftPaidAmt05088227
IRS990/CYTotalExpensesAmt08688627
IRS990/CYTotalFundraisingExpenseAmt0204185
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010971896
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0345788
IRS990/DeferredRevenueGrp/EOYAmt0370077
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt018286
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0347451
IRS990/DepreciationDepletionGrp/TotalAmt0365737
IRS990/Desc0OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 496 STUDENTS FROM PRE-K THROUGH 12TH GRADE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02616669
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03007888
IRS990/DonorRstrOrQuasiEndowmentsInd01
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt0168
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt08041991
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/FundraisingAmt029603
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0266438
IRS990/FeesForServicesAccountingGrp/TotalAmt0296041
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0LESLIE PASZEK
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM ROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm2SARAH DIXON
IRS990/Form990PartVIISectionAGrp/PersonNm3BRICE ANDRACCHIO
IRS990/Form990PartVIISectionAGrp/PersonNm4TREY THORNE
IRS990/Form990PartVIISectionAGrp/PersonNm5BRUCE BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVEN CALHOUN
IRS990/Form990PartVIISectionAGrp/PersonNm7JOSIE DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm8EVAN DUFF
IRS990/Form990PartVIISectionAGrp/PersonNm9SHARON EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm10KATHERINE FISHER
IRS990/Form990PartVIISectionAGrp/PersonNm11THERESA GILMORE
IRS990/Form990PartVIISectionAGrp/PersonNm12MEARS PITT
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW REAMS
IRS990/Form990PartVIISectionAGrp/PersonNm14HOWARD STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm15BRICE ANDRACCHIO
IRS990/Form990PartVIISectionAGrp/PersonNm16BETH COVOLO
IRS990/Form990PartVIISectionAGrp/PersonNm17PATSY BRADLEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16216655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17109970
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER FINANCE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0211746
IRS990/FundraisingDirectExpensesAmt075435
IRS990/FundraisingGrossIncomeAmt052951
IRS990/GainOrLossGrp/OtherAmt0181738
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GovernmentGrantsAmt01824512
IRS990/GrantAmt01433276
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01433276
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01433276
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0206386
IRS990/GrossReceiptsAmt011071979
IRS990/GrossRentsGrp/PersonalAmt08818
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt016597
IRS990/InsuranceGrp/ProgramServicesAmt094057
IRS990/InsuranceGrp/TotalAmt0110654
IRS990/InterestGrp/ManagementAndGeneralAmt05547
IRS990/InterestGrp/ProgramServicesAmt049925
IRS990/InterestGrp/TotalAmt055472
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01558
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01558
IRS990/InvestmentExpenseAmt0-15320
IRS990/InvestmentIncomeGrp/ExclusionAmt0664870
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0664870
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02654038
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03181028
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06911002
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04783929
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04658978
IRS990/LandBldgEquipCostOrOtherBssAmt011569980
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt024648
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ROCKY MOUNT ACADEMY IS AN INDEPENDENT SCHOOL WITH THE MISSION TO PREPARE ITS STUDENTS FOR THE CHALLENGES, OPPORTUNITIES, AND RESPONSIBILITIES THAT THEY WILL ENCOUNTER IN LIFE AND COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01247245
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01137699
IRS990/NetAssetsOrFundBalancesBOYAmt05430421
IRS990/NetAssetsOrFundBalancesEOYAmt07921879
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0181738
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0181738
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-22484
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-22484
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt08818
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08818
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0223509
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02813752
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04913991
IRS990/NoncashContributionsAmt010711
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt014480
IRS990/OccupancyGrp/ManagementAndGeneralAmt028960
IRS990/OccupancyGrp/ProgramServicesAmt0246161
IRS990/OccupancyGrp/TotalAmt0289601
IRS990/OfficeExpensesGrp/FundraisingAmt02534
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07149
IRS990/OfficeExpensesGrp/ProgramServicesAmt043069
IRS990/OfficeExpensesGrp/TotalAmt052752
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0130103
IRS990/OtherAssetsTotalGrp/EOYAmt077356
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015573
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036337
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0467191
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0519101
IRS990/OtherExpensesGrp/Desc0CLASSROOM EXPENSES
IRS990/OtherExpensesGrp/Desc1ATHLETIC EXPENSES
IRS990/OtherExpensesGrp/Desc2LUNCHROOM EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt05236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010471
IRS990/OtherExpensesGrp/ProgramServicesAmt0293094
IRS990/OtherExpensesGrp/ProgramServicesAmt1222272
IRS990/OtherExpensesGrp/ProgramServicesAmt2204130
IRS990/OtherExpensesGrp/ProgramServicesAmt389003
IRS990/OtherExpensesGrp/TotalAmt0293094
IRS990/OtherExpensesGrp/TotalAmt1222272
IRS990/OtherExpensesGrp/TotalAmt2204130
IRS990/OtherExpensesGrp/TotalAmt3104710
IRS990/OtherLiabilitiesGrp/BOYAmt0147483
IRS990/OtherLiabilitiesGrp/EOYAmt074017
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE AND TAX REFUNDS
IRS990/OtherRevenueMiscGrp/Desc1MISC. REVENUE
IRS990/OtherRevenueMiscGrp/Desc2CLUB INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt042256
IRS990/OtherRevenueMiscGrp/ExclusionAmt128280
IRS990/OtherRevenueMiscGrp/ExclusionAmt223526
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042256
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt128280
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt223526
IRS990/OtherRevenueTotalAmt094062
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0127593
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0297717
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03511663
IRS990/OtherSalariesAndWagesGrp/TotalAmt03936973
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09166
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt021387
IRS990/PayrollTaxesGrp/ProgramServicesAmt0274975
IRS990/PayrollTaxesGrp/TotalAmt0305528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01237
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BETH COVOLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND OTHER FEES
IRS990/ProgramServiceRevenueGrp/Desc1LUNCHROOM
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt07310284
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1282886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt07310284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1282886
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0343379
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0358526
IRS990/PYOtherExpensesAmt02354597
IRS990/PYOtherRevenueAmt0256696
IRS990/PYProgramServiceRevenueAmt06296036
IRS990/PYRevenuesLessExpensesAmt0-60451
IRS990/PYSalariesCompEmpBnftPaidAmt04960491
IRS990/PYTotalExpensesAmt07315088
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07254637
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt010000
IRS990/ReconcilationRevenueExpnssAmt02283269
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt08818
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07593170
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03656541
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03978221
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07634762
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02563369
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02888889
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0347841

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,299,596
Liabilities
$2,377,717
Net assets
$7,921,879
Revenue
$10,971,896
Expenses
$8,688,627
Net income
$2,283,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.3$2.38$7.92$11.0$8.69$2.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.68$2.43$5.26$7.24$7.25$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$2.46$5.63$6.84$6.43$0.42
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$3.26$4.69$6.10$6.44$0.35
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$1.29$3.83$6.31$5.86$0.46
2016Detailed filing. Detailed filing data is available for this year.$4.57$1.20$3.37$5.69$5.34$0.36
2015Detailed filing. Detailed filing data is available for this year.$4.50$1.44$3.06$5.60$5.42$0.18
2014Detailed filing. Detailed filing data is available for this year.$4.05$1.20$2.86$5.24$5.21$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$1.26$2.76$4.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$1.24$2.58$4.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$1.32$2.60$4.19