WAKE PREPARATORY ACADEMY
Cite this
Plain text WAKE PREPARATORY ACADEMY. Strategy Studio, nonprofit organization profile, tax years 2022–2024. https://strategystudio.org/org/813748488. Retrieved 2026-10-20.
APA Strategy Studio. (n.d.). WAKE PREPARATORY ACADEMY [Nonprofit organization profile; tax years 2022–2024]. Retrieved October 20, 2026, from https://strategystudio.org/org/813748488
MLA “WAKE PREPARATORY ACADEMY.” Strategy Studio, tax years 2022–2024, https://strategystudio.org/org/813748488. Accessed 20 Oct. 2026.
Retrieved 2026-10-20; covers tax years 2022–2024. Data: Strategy Studio, CC BY 4.0.
2024 · Form 990 · revenue $30.6M · expenses $30.7M · assets $41.4M
- EIN
- 81-3748488
- Address
- 14111 CAPITAL BLVD, WAKE FOREST, NC 27587-9950
- Website
- https://www.wakeprep.org
- NTEE code
- B29
- Subsection
- 501(c)(3)
- Ruling year
- 2020
- Cross-check
- ProPublica Nonprofit Explorer
Mission
Operation of a North Carolina public charter school
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
None of the 7 people listed on these returns reported compensation from the organization. They are listed below.
Officers and directors, no compensation reported
7 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Kyle Shrauger | President | 2022-2024 | 2 | $0 reported | 1 |
| Michael Featham | Vice President | 2022-2024 | 2 | $0 reported | 1 |
| Tammy Alexander | Treasurer | 2022-2024 | 2 | $0 reported | 1 |
| Dustin Baptiste | Secretary | 2022-2024 | 2 | $0 reported | 1 |
| Valeska Lipani-Garrett | Board Member | 2022-2024 | 1 | $0 reported | 1 |
| Rev Dr William Seaman | Board Member | 2022-2024 | 1 | $0 reported | 1 |
| Rev Larry Wilder | Board Member | 2022-2024 | 1 | $0 reported | 1 |
People by year
2024 · 7 people listed · none paid · 313 employees
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Kyle Shrauger | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Michael Featham | Vice President | 2 | $0 | $0 | $0 | $0 | 1 |
| Tammy Alexander | Treasurer | 2 | $0 | $0 | $0 | $0 | 1 |
| Dustin Baptiste | Secretary | 2 | $0 | $0 | $0 | $0 | 1 |
| Valeska Lipani-Garrett | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Dr William Seaman | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Larry Wilder | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
2023 · 7 people listed · none paid · 297 employees · 7 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Kyle Shrauger | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Michael Featham | Secretary | 2 | $0 | $0 | $0 | $0 | 1 |
| Tammy Alexander | Treasurer | 2 | $0 | $0 | $0 | $0 | 1 |
| Dustin Baptiste | Director | 2 | $0 | $0 | $0 | $0 | 1 |
| Valeska Lipani-Garrett | Director | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Dr William Seaman | Vice President | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Larry Wilder | Director | 1 | $0 | $0 | $0 | $0 | 1 |
2022 · 7 people listed · none paid · 191 employees · 7 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Kyle Shrauger | President | 2 | $0 | $0 | $0 | $0 | 1 |
| Michael Featham | Vice President | 2 | $0 | $0 | $0 | $0 | 1 |
| Tammy Alexander | Treasurer | 2 | $0 | $0 | $0 | $0 | 1 |
| Dustin Baptiste | Secretary | 2 | $0 | $0 | $0 | $0 | 1 |
| Valeska Lipani-Garrett | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Dr William Seaman | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
| Rev Larry Wilder | Board Member | 1 | $0 | $0 | $0 | $0 | 1 |
Highest-paid independent contractors
No independent contractors reported.
Who gave
Contributor names are not public for this form type.
Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2024 · Form 990 | ||||||||
| $30,649,526 | $30,653,614 | $41,434,344 | -$1,241,060 | $839,565 | $29,809,961 | $0 | 313 | - |
| 2023 · Form 990 | ||||||||
| $25,537,660 | $24,954,907 | $43,456,530 | -$1,236,972 | $929,051 | $24,608,609 | $0 | 297 | 7 |
| 2022 · Form 990 | ||||||||
| $18,153,112 | $19,972,837 | $45,359,098 | -$1,819,725 | $740,884 | $17,412,228 | $0 | 191 | 7 |
Funders of this organization
5 grantors reported grants to this organization, $3,141 in all, tax years 2023 to 2024. Exact: the grantor wrote this organization's EIN. Fuzzy: the grantor wrote only a name (foundations' 990-PF has no EIN field), matched to the same or a near-identical name in the same state; the name as filed is shown. From the latest return for each grantor and year, so amended returns aren't counted twice. CSV
| Grantor | Type | Match | Years given | Grants | Total | Latest year | Latest year's amount | Grants |
|---|---|---|---|---|---|---|---|---|
| NCHSAA FOUNDATION INC | Private foundation | Fuzzy filed as “WAKE PREPARATORY ACADEMY” | 2024 | 1 | $1,553 | 2024 | $1,553 | show |
| AMAZONSMILE FOUNDATION | Private foundation | Fuzzy filed as “WAKE PREPARATORY ACADEMY” | 2023 | 1 | $1,273 | 2023 | $1,273 | show |
| PFIZER FOUNDATION INC | Private foundation | Fuzzy filed as “WAKE PREPARATORY ACADEMY” | 2024 | 1 | $160 | 2024 | $160 | show |
| EDWARD JONES FOUNDATION | Private foundation | Fuzzy filed as “WAKE PREPARATORY ACADEMY” | 2024 | 1 | $120 | 2024 | $120 | show |
| AMERICAN TOWER CHARITABLE FOUNDATION INC | Private foundation | Fuzzy filed as “WAKE PREPARATORY ACADEMY” | 2024 | 1 | $35 | 2024 | $35 | show |
Similar organizations
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| PINE LAKE PREPARATORY INC | NC | B29 | $24,980,489 | $23,418,417 | Administrator | $173,897 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| VOYAGER ACADEMY INC | NC | B29 | $19,980,327 | $25,413,172 | MANAGING DIRECTOR | $197,132 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| KIPP ENC PUBLIC SCHOOLS | NC | B29 | $33,146,666 | $34,341,365 | CEO | $219,416 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| LEADERSHIP SCHOOLS OF JOHNSTON COUNTY | NC | B29 | $23,022,302 | $22,824,615 | Chair | $0 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| CORNERSTONE CHARTER ACADEMY | NC | B29 | $16,421,061 | $16,362,052 | School Director | $155,730 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| MOUNTAIN ISLAND CHARTER SCHOOL INC | NC | B29 | $21,059,249 | $19,920,309 | EXECUTIVE DIRECTOR | $168,340 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| BONNIE CONE CLASSICAL ACADEMY INC | NC | B29 | $27,882,125 | $32,524,676 | CHAIR | $0 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| HENDERSON COLLEGIATE | NC | B29 | $18,308,025 | $21,031,847 | CHIEF EXECUTIVE OFFICER & NON-VOTING BOARD MEMBER | $151,115 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| TRIANGLE EDUCATION ORGANIZATION | NC | B29 | $38,298,703 | $36,849,597 | HEAD OF SCHOOL | $172,050 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| SUGAR CREEK CHARTER SCHOOL INC | NC | B29 | $20,342,863 | $23,671,389 | Superintendant | $168,600 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| BRADFORD PREPARATORY SCHOOL | NC | B29 | $18,775,881 | $17,218,622 | Head of School | $140,150 | Same NTEE code B29, revenue within 2x, same state |
| MOVEMENT CHARTER SCHOOL | NC | B29 | $21,982,800 | $21,840,475 | EXECUTIVE PRINCIPAL | $150,000 | Same NTEE code B29, revenue within 2x, same state, similar mission |
| UNION ACADEMY | NC | B29 | $25,168,193 | $22,896,953 | COO | $152,627 | Same NTEE code B29, revenue within 2x, same state |
| NORTH CAROLINA CHARTER EDUCATIONAL FOUNDATION INC | NC | B29 | $53,667,588 | $47,256,924 | PRESIDENT & TREASURER | $0 | Same NTEE code B29, revenue within 2x, same state |
| TRIANGLE CHARTER EDUCATION ASSOCIATION INC | NC | B29 | $16,096,567 | $16,666,676 | PRESIDENT | $0 | Same NTEE code B29, revenue within 2x, same state |
| UWHARRIE GREEN SCHOOL INC | NC | B29 | $25,722,069 | $26,180,241 | SUPERINTENDENT | $127,561 | Same NTEE code B29, revenue within 2x, same state |
| NORTH CAROLINA LEARNS INC | NC | B29 | $38,147,825 | $33,973,773 | EXECUTIVE DIRECTOR | $130,729 | Same NTEE code B29, revenue within 2x, same state |
| NORTH CAROLINA FOR QUALITY VIRTUAL EDUCATION | NC | B29 | $27,961,920 | $24,210,817 | SUPERINTENDENT | $181,003 | Same NTEE code B29, revenue within 2x, same state |
| CORVIAN COMMUNITY SCHOOL INC | NC | B29 | $17,769,447 | $18,194,236 | EXECUTIVE DIRECTOR | $182,907 | Same NTEE code B29, revenue within 2x, same state |
| INVEST COLLEGIATE IMAGINE INC | NC | B29 | $16,162,004 | $16,893,601 | HEADMASTER | $168,464 | Same NTEE code B29, revenue within 2x, same state |
| COMMUNITY SCHOOL OF DAVIDSON INC | NC | B29 | $19,918,827 | $18,250,073 | DIRECTOR/TEACHER | $65,042 | Same NTEE code B29, revenue within 2x, same state |
| TEMECULA PREPARATORY SCHOOL | CA | B29 | $15,990,834 | $14,136,252 | HEAD OF SCHO | $200,240 | Same NTEE code B29, revenue within 2x, similar mission |
| STEM PREPARATORY ACADEMY | TN | B29 | $16,130,652 | $17,051,153 | CEO & COO | $235,083 | Same NTEE code B29, revenue within 2x, similar name |
| UNITED PREPARATORY ACADEMY INC | OH | B29 | $16,606,116 | $15,157,767 | CEO | $145,253 | Same NTEE code B29, revenue within 2x, similar name |
| ST CROIX PREPARATORY ACADEMY | MN | B29 | $17,718,180 | $18,388,583 | Executive Director | $218,715 | Same NTEE code B29, revenue within 2x, similar name |
Who funds organizations like this
Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2024 · Form 990 · $30,653,614 spent · pay $13,948,001 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $12,197,893 | $11,722,819 | $475,074 | - | 39.8% | |
| Other (as described) | Contracted student services | $6,004,640 | $1,833,136 | $4,171,504 | - | 19.6% |
| Occupancy | $2,769,773 | $299 | $2,769,474 | - | 9.0% | |
| Depreciation and depletion | $2,518,728 | $2,014,983 | $503,745 | - | 8.2% | |
| Other (as described) | Supplies, materials, textbooks etc. | $2,241,066 | $1,619,040 | $622,026 | - | 7.3% |
| Interest | $2,191,274 | - | $2,191,274 | - | 7.1% | |
| Payroll taxes | $899,485 | $867,325 | $32,160 | - | 2.9% | |
| Other employee benefits | $683,390 | $590,084 | $93,306 | - | 2.2% | |
| Other (as described) | Repairs/Maintenance and Transportation | $581,650 | - | $581,650 | - | 1.9% |
| Insurance | $242,301 | - | $242,301 | - | 0.8% | |
| Pension plan contributions | $167,233 | $162,044 | $5,189 | - | 0.5% | |
| Advertising and promotion | $102,383 | - | $102,383 | - | 0.3% | |
| Fees: legal | $45,697 | - | $45,697 | - | 0.1% | |
| Fees: accounting | $8,101 | - | $8,101 | - | 0.0% | |
| Total | $30,653,614 | 100% |
2023 · Form 990 · $24,954,907 spent · pay $9,845,550 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $8,412,338 | $8,094,847 | $317,491 | - | 33.7% | |
| Other (as described) | Contracted student services | $5,272,241 | $1,029,459 | $4,242,782 | - | 21.1% |
| Interest | $2,678,186 | - | $2,678,186 | - | 10.7% | |
| Depreciation and depletion | $2,518,728 | $2,014,983 | $503,745 | - | 10.1% | |
| Occupancy | $1,970,145 | $1,576,116 | $394,029 | - | 7.9% | |
| Other (as described) | Supplies, materials, textbooks etc. | $1,306,595 | $1,040,512 | $266,083 | - | 5.2% |
| Other (as described) | Food and repairs | $958,647 | $845,962 | $112,685 | - | 3.8% |
| Payroll taxes | $706,371 | $679,500 | $26,871 | - | 2.8% | |
| Other employee benefits | $609,986 | $506,369 | $103,617 | - | 2.4% | |
| Advertising and promotion | $200,361 | - | $200,361 | - | 0.8% | |
| Insurance | $179,088 | - | $179,088 | - | 0.7% | |
| Pension plan contributions | $116,855 | $113,532 | $3,323 | - | 0.5% | |
| Fees: legal | $17,381 | - | $17,381 | - | 0.1% | |
| Fees: accounting | $7,985 | - | $7,985 | - | 0.0% | |
| Total | $24,954,907 | 100% |
2022 · Form 990 · $19,972,837 spent · pay $7,327,615 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Other salaries and wages | $6,331,380 | $6,155,368 | $176,012 | - | 31.7% | |
| Other (as described) | Contracted student services | $3,763,362 | $825,022 | $2,938,340 | - | 18.8% |
| Other (as described) | Supplies, materials, textbooks etc. | $3,616,547 | $2,734,817 | $881,730 | - | 18.1% |
| Depreciation and depletion | $2,431,539 | $1,965,835 | $465,704 | - | 12.2% | |
| Interest | $2,007,095 | - | $2,007,095 | - | 10.0% | |
| Payroll taxes | $527,877 | $513,122 | $14,755 | - | 2.6% | |
| Occupancy | $439,986 | $351,989 | $87,997 | - | 2.2% | |
| Other employee benefits | $396,253 | $359,767 | $36,486 | - | 2.0% | |
| Advertising and promotion | $148,876 | - | $148,876 | - | 0.7% | |
| Insurance | $94,890 | - | $94,890 | - | 0.5% | |
| Other (as described) | Repairs and maintenance | $83,828 | - | $83,828 | - | 0.4% |
| Pension plan contributions | $72,105 | $70,490 | $1,615 | - | 0.4% | |
| Other (as described) | Student Transportation | $31,394 | $31,394 | - | - | 0.2% |
| Fees: legal | $27,705 | - | $27,705 | - | 0.1% | |
| Total | $19,972,837 | 100% |