2026-03-09T17:39:11-05:00 2025-06-30 271181547 DUNCAN ASHE PA 7900 MCCLOUD RD SUITE 101 GREENSBORO NC 27409 990 2024-07-01 237005337 ROCKY MOUNT ACADEMY ROCK 2524434126 1313 AVONDALE AVENUE ROCKY MOUNT NC 27803 BETH COVOLO HEAD OF SCHOOL 2524434126 2026-03-09 1 0 3362856510 2026-03-06 2024 2025-03-06 01:10:19Z BETH COVOLO 1313 AVONDALE AVENUE ROCKY MOUNT NC 27803 11071979 0 X WWW.RMACADEMY.COM X 1968 NC 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. 17 17 168 74 0 0 343379 2451722 6296036 7593170 358526 846608 256696 80396 7254637 10971896 0 1433276 0 0 4960491 5088227 0 0 204185 2354597 2167124 7315088 8688627 -60451 2283269 7826450 10299596 2396029 2377717 5430421 7921879 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. 0 0 8041991 1433276 7593170 OPERATION OF A PRIVATE INDEPENDENT SCHOOL SERVING AROUND 496 STUDENTS FROM PRE-K THROUGH 12TH GRADE. 8041991 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 168 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 X X TAYLOR REGES 2524434126 1313 AVONDALE AVENUE ROCKY MOUNT NC 27803 LESLIE PASZEK CHAIRMAN 2.00 X 0 0 0 WILLIAM ROEDER VICE CHAIRMAN 2.00 X 0 0 0 SARAH DIXON SECRETARY 2.00 X 0 0 0 BRICE ANDRACCHIO TREASURER 2.00 X 0 0 0 TREY THORNE TRUSTEE 1.00 X 0 0 0 BRUCE BERRY TRUSTEE 1.00 X 0 0 0 STEVEN CALHOUN TRUSTEE 1.00 X 0 0 0 JOSIE DAVIS TRUSTEE 1.00 X 0 0 0 EVAN DUFF TRUSTEE 1.00 X 0 0 0 SHARON EDWARDS TRUSTEE 1.00 X 0 0 0 KATHERINE FISHER TRUSTEE 1.00 X 0 0 0 THERESA GILMORE TRUSTEE 1.00 X 0 0 0 MEARS PITT TRUSTEE 1.00 X 0 0 0 MATTHEW REAMS TRUSTEE 1.00 X 0 0 0 HOWARD STEVENS TRUSTEE 1.00 X 0 0 0 BRICE ANDRACCHIO TRUSTEE 1.00 X 0 0 0 BETH COVOLO HEADMASTER 40.00 X 216655 0 0 PATSY BRADLEY FORMER FINANCE OFFICER 40.00 X 109970 0 0 326625 0 0 2 1 1 0 0 211746 1824512 415464 10711 2451722 TUITION AND OTHER FEES 611710 7310284 7310284 LUNCHROOM 611710 282886 282886 7593170 664870 664870 8818 0 8818 8818 8818 206386 24648 181738 181738 181738 52951 211746 75435 -22484 -22484 INSURANCE AND TAX REFUNDS 524298 42256 42256 MISC. REVENUE 900099 28280 28280 CLUB INCOME 900099 23526 23526 94062 10971896 7593170 0 927004 1433276 1433276 326625 326625 3936973 3511663 297717 127593 519101 467191 36337 15573 305528 274975 21387 9166 296041 266438 29603 26361 26361 52752 43069 7149 2534 289601 246161 28960 14480 55472 49925 5547 365737 347451 18286 110654 94057 16597 CLASSROOM EXPENSES 293094 293094 ATHLETIC EXPENSES 222272 222272 LUNCHROOM EXPENSES 204130 204130 OTHER EXPENSES 104710 89003 10471 5236 146300 146300 8688627 8041991 442451 204185 138500 334664 117085 2036012 10000 1558 1558 1237 0 11569980 6911002 4783929 4658978 2654038 3181028 130103 77356 7826450 10299596 655513 795924 345788 370077 1247245 1137699 147483 74017 2396029 2377717 X 2813752 4913991 2616669 3007888 5430421 7921879 7826450 10299596 2283269 223509 -15320 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2563369 347841 22321 2888889 1.00000 0 0 95604 95604 7634762 3978221 3656541 271763 99895 171868 3567851 2832886 734965 4658978 LOAN COSTS -6080 LEASED EQUIPMENT COSTS 80097 74017 X 9762129 223509 -1433276 -1209767 10971896 0 10971896 7270671 0 7270671 -15320 1433276 1417956 8688627 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 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ROCKY MOUNT ACADEMY PUBLISHES ITS RACIAL NONDISCRIMINATORY POLICY IN ITS ADVERTISEMENTS IN VARIOUS LOCAL NEWSPAPERS AND OTHER LOCAL MEDIA OUTLETS ANNUAL AUCTION 264697 211746 52951 13635 27147 34654 264697 211746 52951 13635 27147 34654 75436 -22485 1 ANN WEAVER SCHOLARSHIPS 4 53065 DR. K SCHOLARSHIP 2 4000 FACULTY REMISSION 46 302282 HIGH SCHOLARSHIP 4 16000 JOSH WEAVER SCHOLARSHIP 1 2000 NON FACULTY FINANCIAL AID 185 972581 SIBLING DISCOUNTS 89 68348 TURNER BATTLE SCHOLARSHIP 3 15000 X X 0 0 0 0 0 0 0 0 0 BETH COVOLO HEADMASTER 216655 0 0 0 0 0 0 0 0 0 216655 0 0 0 PATSY BRADLEY FORMER FINANCE OFFICER 109970 0 0 0 0 0 0 0 0 0 109970 0 0 0 PART I, LINE 3 THE HEADMASTER'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. BETH COVOLO HEAD OF SCHOOL RETIREMENT ADVANCE X 10000 10000 0 0 0 10000 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.