Thales Academy
96% goes to programs $0 to raise $100 Strong reserves Growing revenue
Thales Academy is a 501(c)(3) organization based in Raleigh, North Carolina, registered in 2009, with $71,208,122 in FY2023 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
4641 Paragon Park Road, Raleigh, NC, 27616 EIN 20-8920342 Since 2009
Revenue (FY2023)
$71.2M
▲ 63.8% vs prior year
Education median: $200K
Expenses (FY2023)
$47.9M
Net assets
$144.1M
Employees
942
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Thales Academy: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating36 mo reserves · +33% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Thales Academy: 36 mo reserves · +33% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Thales Academy: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Thales Academy: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Thales academy is an independent school serving students from pre-kindergarten to twelfth grade.
Contact & location
- Address
- 4641 Paragon Park Road, Raleigh, NC, 27616
- City
- Raleigh
- State
- North Carolina
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $11.6M (FY2013) to $71.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $40.0MNet assets $144.1M
Operating margin
32.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$184.2M
Total liabilities
$40.0M
Net assets
$144.1M
Salaries & benefits
$30.6M
64% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $71,208,122▲63.8% | $47,916,851▲15.2% | $144,145,598▲19.8% | $184,183,775▲16.5% | 990 |
| 2022 | $43,462,367▼18.6% | $41,602,603▲27.5% | $120,329,259▲4.0% | $158,100,610▲1.0% | 990 |
| 2021 | $53,403,024▼3.7% | $32,633,017▲19.5% | $115,732,520▲17.8% | $156,547,178▲14.7% | 990 |
| 2020 | $55,473,682▲198% | $27,296,986▲17.3% | $98,230,751▲53.4% | $136,454,160▲34.8% | 990 |
| 2019 | $18,592,138▼67.5% | $23,267,652▲10.5% | $64,047,166▼10.0% | $101,220,882▲3.4% | 990 |
| 2018 | $57,196,114▲57.6% | $21,057,204▲15.2% | $71,158,747▲106% | $97,936,432▲43.3% | 990 |
| 2017 | $36,289,807▲96.0% | $18,281,882▲19.8% | $34,506,671▲120% | $68,361,699▲54.5% | 990 |
| 2016 | $18,515,814▲27.5% | $15,264,219▲20.2% | $15,689,899▲26.1% | $44,255,533▲6.3% | 990 |
| 2015 | $14,521,631▲5.7% | $12,695,660▲30.1% | $12,438,304▲17.2% | $41,614,175▲17.9% | 990 |
| 2014 | $13,737,675▲18.1% | $9,756,585▲35.8% | $10,612,333▲60.0% | $35,309,363▲34.0% | 990 |
| 2013 | $11,633,633 | $7,182,051▲18.0% | $6,631,243▲204% | $26,350,263▲34.5% | 990 |
| 2012 | — | $6,086,086▲19.2% | $2,179,661▼10.9% | $19,585,796▲9.5% | 990 |
| 2011 | — | $5,104,763▲27.1% | $2,445,424▲159% | $17,878,874▲8.8% | 990 |
| 2010 | — | $4,014,757 | $944,951 | $16,437,510 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Hilery Herman-pagliolo — $89,814 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hilery Herman-pagliolo | Director of Academics | 40 | $89,814 |
| Judy A Nunnenkamp | Vice President | 2 | — |
| Randolph L Luddy | Director | 2 | — |
| Robert L Luddy | President & Chair | 2 | — |
| William H Francis Jr | Secretary-treasurer | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Alexander Design Build | Construction | $11,205,819 |
| Jd Beam | Construction | $9,977,382 |
| Commonwealth Construction Management | Construction | $6,184,036 |
| Resolute Building Company | Construction | $2,647,435 |
| Withers & Ravenel | Engineering Services | $264,756 |
Grants received · $886K total
12 grants to Thales Academy totaling $886K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation Inc | University or private school | 2024 | $149,798 |
| Greater Horizons | Education | 2024 | $50,000 |
| The Community Foundation Inc | University or private school | 2023 | $200,000 |
| Tulsa Community Foundation | Scholarships | 2023 | $19,900 |
| Tulsa Community Foundation | Scholarships | 2022 | $25,000 |
| The Community Foundation Inc | General purposes | 2021 | $175,000 |
| National Philanthropic Tr | Education | 2021 | $125,000 |
| The Community Foundation Inc | General purposes | 2021 | $75,000 |
| Tulsa Community Foundation | Scholarship | 2021 | $10,000 |
| The Community Foundation Inc | General purposes of thales academy, glen allen, va | 2020 | $50,000 |
| Tulsa Community Foundation | Scholarships | 2020 | $5,000 |
| National Christian Charitable Foundation | Growth | 2018 | $1,000 |
Grants made · $10K in FY2019
1 grant totaling $10K in FY2019. All grants made by Thales Academy →
| Recipient | Purpose | Amount |
|---|---|---|
| A Fellowship of Catholic Scholars Inc | To provide financial assistance for students who qualify | $10,000 |
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Frequently asked questions
- Is Thales Academy a legitimate nonprofit?
- Yes. Thales Academy is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-8920342, based in Raleigh, North Carolina. Donations are tax-deductible.
- What is Thales Academy's EIN?
- Thales Academy's Employer Identification Number (EIN) is 20-8920342.
- How much revenue does Thales Academy report?
- Thales Academy reported $71,208,122 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Thales Academy's spending goes to programs?
- Thales Academy spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Thales Academy have?
- CharityIndex grades Thales Academy A, based on program efficiency and fundraising cost.
- How much does Thales Academy's highest-paid employee make?
- The highest reported compensation on Thales Academy's latest Form 990 is $89,814, paid to Hilery Herman-pagliolo (Director of Academics).
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Data for Thales Academy (EIN 20-8920342) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.