Public Charity

NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION INC

Based in DURHAM, NC, NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION INC operates as a Public Charity. The organization reported $28.0M in revenue, $24.2M in expenses, $11.3M in total assets for fiscal year 2025.

EIN: 454339430 DURHAM, NC Charter Schools NTEE: B29 Latest filing: 2025
Total Revenue$28.0M
Total Expenses$24.2M
Total Assets$11.3M
Grant Records0
Filing Years2021–2025

Mission

TO EMPOWER CHILDREN WITH KNOWLEDGE, SKILLS, AND CHARACTER TRAITS TO BE SUCCESSFUL IN THEIR EDUCATION THROUGH AN ENGAGING, PERSONALIZED LEARNING EXPERIENCE IN A FULL-TIME VIRTUAL SCHOOL.

Where $100 goes at North Carolina for Quality Virtual Education Inc

How North Carolina for Quality Virtual Education Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$88 Programs the work itself
$12 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $88 for programs

$44
North carolina cyber academy is a public school operated by a non- profit corporation, serving approximately 2,565 students
50% of program spending · Reported in the filing: 2,565 students
$44
North carolina cyber academy is a public school operated by a non- profit corporation, serving approximately 2,565 students
About 50% (cost not reported) · Reported in the filing: 2,565 students
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VICE PRESIDENT Angela Howard
BOARD MEMBER Audrey Martin-Mccoy
TREASURER Debora Williams
BOARD MEMBER Dee Ray
SUPERINTENDENT Jamie Hill
BOARD MEMBER Jill Hammegren

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $28.0M $24.2M $11.3M
2024 $27.8M $23.6M $8.1M
2023 $25.1M $26.8M $3.9M
2022 $26.6M $26.4M $4.6M
2021 $18.9M $18.0M $4.5M

Between 2021 and 2025, reported annual revenue grew from $18.9M to $28.0M (+48%), with total assets most recently reported at $11.3M.

Interactive year-over-year charts and full filing details available with membership.

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