Civic Intelligence

Wayne STEM Academy

990 • Fiscal year 2025 • EIN 85-2141526

Jul 01, 2024 to Jun 30, 2025

Organization ProfileWWW.WAYNESTEM.ORG
2950 Summit RoadGoldsboro, NC 27534

(984) 520-6341

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.08x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

91st percentile

4.15x

Higher debt load relative to revenue than 91% of similar nonprofits.

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

Net Margin

12th percentile

-13%

Higher net margin than 12% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$66,830

Higher top officer pay than 22% 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

2nd percentile

-24%

Faster asset growth than 2% of similar nonprofits.

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

Revenue Growth

92nd percentile

62%

Faster revenue growth than 92% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$12,602,916

Down $3,922,668 (-24%) from 2024

Net Assets

Down

-$951,016

Down $4,328 (-0.5%) from 2024

Liabilities

Down

$13,553,932

Down $3,918,340 (-22%) from 2024

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin12th percentile

Revenue

Up

$3,267,582

Up $1,248,520 (+62%) from 2024

Expenses

Up

$3,692,355

Up $805,445 (+28%) from 2024

Net Income

Up

-$424,773

Up $443,075 (+51%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2024: $16,525,584Liabilities 2024: $17,472,272Net Assets 2024: -$946,6882024Assets 2025: $12,602,916Liabilities 2025: $13,553,932Net Assets 2025: -$951,0162025

Highlighted filing

2025

Assets$12,602,916
Liabilities$13,553,932
Net Assets-$951,016
Open 2025 Filing

Operations Trend

Revenue Growth92nd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2024: $2,019,062Expenses 2024: $2,886,910Net Income 2024: -$867,8482024Revenue 2025: $3,267,582Expenses 2025: $3,692,355Net Income 2025: -$424,7732025

Highlighted filing

2025

Revenue$3,267,582
Expenses$3,692,355
Net Income-$424,773
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 17, 2026
Return Version
2024v5.5
Gross Receipts
$3,267,582
Mission and Program Overview

Mission

Provide a challenging learning environment in science, technology, engineering, and math to a diverse student population, enabling them to become problem-solving, peace-building, solution-focused citizens. The curriculum is designed to stimulate curiosity, discovery, critical thinking, and collaboration, ensuring students are well-equipped to meet the challenges in the world around them.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$79,150$85,862▲ $6,712
Land, Buildings, and Equipment, Net$0$47,509▲ $47,509
Accounts Receivable$4,590$8,533▲ $3,943
Prepaid Expenses and Deferred Charges$5,737$7,063▲ $1,326
Pledges and Grants Receivable-$3,433-
Total Assets$16,525,584$12,602,916▼ $3,922,668
Other Assets Total$16,436,107$12,450,516▼ $3,985,591
Liabilities
Other Liabilities$17,250,765$13,308,053▼ $3,942,712
Mortgage Notes Payable Secured by Investment Property$160,125$160,125→ $0
Accounts Payable and Accrued Expenses$61,382$80,934▲ $19,552
Deferred Revenue-$4,820-
Total Liabilities$17,472,272$13,553,932▼ $3,918,340
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-946,688$-951,016▼ $4,328
Total Net Assets Fund Balance$-946,688$-951,016▼ $4,328
Total Liabilities and Net Assets / Fund Balance$16,525,584$12,602,916▼ $3,922,668

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,816$9,600$31,416
Other Land Buildings$25,693$2,160$27,853
Other Assets Org$12,450,516--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Todd ForgetteExecutive DirectorFT$66,830$66,830

Board Members and Trustees

NameTitle
Christina WattsChair
Chretien DumondVice Chair
David KerrSecretary
Ashley CostelloTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,123,301
Program Service Revenue
$77,708
Investment Income
$0
Other Revenue
$66,573
Change in Net Assets
$-424,773

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,267,582
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,267,582
Total Revenue per Form 990
$3,267,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,100,153
Other Expenses$1,592,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,267,819$476,125-$1,743,944
Interest$332,691$124,941-$457,632
Depreciation Depletion$298,430$112,075-$410,505
Fees for Services Other$187,509$70,418-$257,927
Payroll Taxes$98,422$36,962-$135,384
Other Employee Benefits$96,117$36,097-$132,214
Occupancy$62,648$23,527-$86,175
Current Officers, Directors, Trustees, and Key Employees$48,584$18,246-$66,830
Conferences and Meetings$24,173$9,078-$33,251
Insurance$21,176$7,953-$29,129
Information Technology$16,432$6,171-$22,603
Pension Plan Contributions$15,834$5,947-$21,781
Advertising$14,780$5,550-$20,330
Fees for Services Legal$10,171$3,819-$13,990
Other Expenses$9,494$3,566-$13,060
Fees for Services Accounting$7,343$2,757-$10,100
All Other Expenses$6,870$2,581-$9,451
Travel$4,263$1,601-$5,864
Office Expenses$236$88-$324
Total Functional Expenses$2,684,281$1,008,074$0$3,692,355

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,692,355
Total Expenses per Audited Statements$3,692,355
Total Expenses per Form 990$3,692,355
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$13,308,053
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
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

“Form 990 is reviewed by the board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to disclose any potential conflict of interest, which is then reviewed and resolved by the board of directors.”

Form 990, Part VI, Section B, Line 15

“Compensation for top officials and key employees is approved by the board of directors and is based on area comparability data and the individual's experience and expertise.”

Form 990, Part VI, Section C, Line 19

“Governing documents, school policies, and financial statements are available for public viewing at the school's office upon request.”

Filing and Contact Details

Filer

Filer Name
Wayne Stem Academy
EIN
85-2141526
Phone
9845206341
Address
2950 SUMMIT ROAD, GOLDSBORO, NC 27534

Signing Officer

Name
Todd Forgette
Title
Executive Director
Phone
9845206341
Signed
2026-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Forgette
Formed
2023
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
67
Volunteers
4

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01954583
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01662214
IRS990/PYOtherRevenueAmt018892
IRS990/PYProgramServiceRevenueAmt045587
IRS990/PYRevenuesLessExpensesAmt0-867848
IRS990/PYSalariesCompEmpBnftPaidAmt01224696
IRS990/PYTotalExpensesAmt02886910
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02019062
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-424773
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0144281
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/EquipmentGrp/BookValueAmt021816
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09600
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031416
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03692355
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt012450516
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT TO USE LEASED ASSETS, NET OF AMORTIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025693
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02160
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027853
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013308053
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03267582
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047509
IRS990ScheduleD/TotalBookValueOtherAssetsAmt012450516
IRS990ScheduleD/TotalExpensesPerForm990Amt03692355
IRS990ScheduleD/TotalLiabilityAmt013308053
IRS990ScheduleD/TotalRevenuePerForm990Amt03267582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03267582
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03692355
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WAYNE STEM ACADEMY OPERATES AS A PUBLIC CHARTER SCHOOL AND IS FUNDED BY THE STATE OF NORTH CAROLINA AND LOCAL GOVERNMENT. NORTH CAROLINA REQUIRES A POLICY OF NONDISCRIMINATON, AND THE SCHOOL'S NONDISCRIMINATION POLICY IS DISCLOSED IN ALL STUDENT SOLICITATIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL IS ORGANIZED AS A CHARTER SCHOOL UNDER NORTH CAROLINA GENERAL STATUE 115C-238-29A. ACCORDINGLY, IT RECEIVES BOTH FEDERAL AND STATE FUNDING AS IT'S PRIMARY MEANS OF SUPPORT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST, WHICH IS THEN REVIEWED AND RESOLVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR TOP OFFICIALS AND KEY EMPLOYEES IS APPROVED BY THE BOARD OF DIRECTORS AND IS BASED ON AREA COMPARABILITY DATA AND THE INDIVIDUAL'S EXPERIENCE AND EXPERTISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, SCHOOL POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING AT THE SCHOOL'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt016525584
IRS990/TotalAssetsEOYAmt012602916
IRS990/TotalAssetsGrp/BOYAmt016525584
IRS990/TotalAssetsGrp/EOYAmt012602916
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03123301
IRS990/TotalEmployeeCnt067
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01008074
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02684281
IRS990/TotalFunctionalExpensesGrp/TotalAmt03692355
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt017472272
IRS990/TotalLiabilitiesEOYAmt013553932
IRS990/TotalLiabilitiesGrp/BOYAmt017472272
IRS990/TotalLiabilitiesGrp/EOYAmt013553932
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-946688
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-951016
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02684281
IRS990/TotalProgramServiceRevenueAmt077708
IRS990/TotalReportableCompFromOrgAmt066830
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0144281
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03267582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016525584
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012602916
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01601
IRS990/TravelGrp/ProgramServicesAmt04263
IRS990/TravelGrp/TotalAmt05864
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

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
$12,602,916
Liabilities
$13,553,932
Net assets
-$951,016
Revenue
$3,267,582
Expenses
$3,692,355
Net income
-$424,773
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.6$13.6$0.95$3.27$3.69$0.42
2024Detailed filing. Detailed filing data is available for this year.$16.5$17.5$0.95$2.02$2.89$0.87