KERR VANCE ACADEMY INC

EIN: 566085497 501(c)(3)

HENDERSON, NC

Total Revenue
$2,063,762
Total Expenses
$1,502,393
Total Assets
$1,992,578
Net Assets
$1,783,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Principal Officer
PAUL WILLIFORD
Phone
2524920018
Tax Period
2022-07-01 to 2023-06-30

KERR VANCE ACADEMY INC, founded in 1967, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $561K, a strong 27% operating margin.

Mission

WE, AT KERR VANCE ACADEMY, STRIVE TO PROVIDE FOR OUR STUDENTS AN INTENSIVE LIBERAL ARTS COLLEGE PREPARATORY PROGRAM IN A SAFE ATMOSPHERE, WHERE ALL ARE TREATED RESPECTFULLY. WE ENDEAVOR TO MAINTAIN HIGH EXPECTATIONS WHILE ACTVIELY ENGAGING OUR STUDENTS IN LEARNING. FURTHER, WE STRIVE TO FOSTER INTELLECTUAL CURIOSITY, CONCERN FOR OTHERS, PHYSICAL DEVELOPMENT, CREATIVITY, AND SOCIAL AND MORAL VALUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,790
Program Service Revenue $1,594,794
Investment Income $10,452
Other Revenue $454,726
TOTAL REVENUE $2,063,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,028,726
Fundraising Expenses $0
Program Expenses $1,164,304
Other Expenses $473,667
TOTAL EXPENSES $1,502,393

Year-over-Year Comparison

2022 2021 Change
Revenue $2,063,762 $2,267,457 -0.1%
Expenses $1,502,393 $1,511,712 0.0%
Net Income $561,369 $755,745 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
57
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$88,306
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH COOK PRIOR HEAD O 40.00
Officer
$88,306 $0 $88,306
ROBERT BOWEN TRUSTEE 1.00
Director
$0 $0 $0
HILLARY BRAME SECRETARY 2.00
Officer Director
$0 $0 $0
EDDIE CAUDLE VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
ROSEANNE DAVIS TRUSTEE 1.00
Director
$0 $0 $0
BRETT GREENWAY TRUSTEE 1.00
Director
$0 $0 $0
BLAINE HOLMES TRUSTEE 1.00
Director
$0 $0 $0
CINDY JONES PRESIDENT 4.00
Officer Director
$0 $0 $0
CHUCK ODOM TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY PURVIS TRUSTEE 1.00
Director
$0 $0 $0
AMY REYNOLDS TREASURER 2.00
Officer Director
$0 $0 $0
PAUL WILLIFORD CURRENT PRES 2.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,063,762 $1,502,393 $1,992,578 $561,369
2022 $2,267,457 $1,511,712 $1,797,326 $755,745
2021 $1,584,516 $1,746,625 $2,635,444 $-162,109
2020 $2,441,839 $1,929,998 $2,677,662 $511,841
2019 $2,257,073 $2,132,193 $2,432,344 $124,880
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