Nest Academy Inc

EIN: 813637711 501(c)(3) Education

Charlotte, NC

Total Revenue
$787,984
Total Expenses
$799,018
Total Assets
$786,787
Net Assets
$781,298
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NC
Principal Officer
Mary Catherine Hildreth
Phone
9802884163
Tax Period
2023-01-01 to 2023-12-31

Nest Academy Inc, founded in 2016, is a small nonprofit in the Education sector that reported $788K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

The Nest Academy is a trauma-informed, private K-12 school in Charlotte, North Carolina with a mission to change the lives of refugee and underprivileged students to become confident, educated, and successful first generation high school graduates. The Nest Academy offers students an individualized education plan in a small, safe and supportive environment through highly trained teachers, volunteers and mentors. The students flourish in this peaceful environment where they are accepted, known and supported, which extends outside of the classroom.

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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 (2023)

Revenue Breakdown

Contributions & Grants $787,848
Program Service Revenue $0
Investment Income $136
Other Revenue $0
TOTAL REVENUE $787,984

Expense Breakdown

Grants Paid $10,512
Salaries & Benefits $342,204
Fundraising Expenses $21,361
Program Expenses $561,285
Other Expenses $446,302
TOTAL EXPENSES $799,018

Year-over-Year Comparison

2023 2022 Change
Revenue $787,984 $996,649 -0.2%
Expenses $799,018 $594,676 +0.3%
Net Income $-11,034 $401,973 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
11
Volunteers
40

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
4
$81,700
Total Directors
9
$81,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Catherine Hildreth President 40.00
Officer Director
$81,700 $0 $81,700
Dain Dulaney Chairman 5.00
Officer Director
$0 $0 $0
Ellen Leitch Board Member 15.00
Director
$0 $0 $0
Gina Elam Board Member 5.00
Director
$0 $0 $0
Joe Walker Board Member 5.00
Director
$0 $0 $0
Ann Tabor Board Member 5.00
Director
$0 $0 $0
Allison Hickman Secretary 5.00
Officer Director
$0 $0 $0
Edson Munekata Treasurer 5.00
Officer Director
$0 $0 $0
Leslie Helms Board Member 5.00
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
2024 No data No data No data No data
2023 $787,984 $799,018 $786,787 $-11,034
2022 $996,649 $594,676 $797,532 $401,973
2021 $599,609 $626,404 $395,559 $-26,795
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