Thales Academy
Thales Academy is an independent school serving students from pre-kindergarten to twelfth grade.
Thales Academy at a glance
- Total assets
- $207,687,710
- +12.8% vs 2024
- Revenue (2025)
- $84,614,285
- +18.8% vs 2024
- Net investment income (2025)
- $3,661,728
- +304.4% vs 2024
- Expenses (2025)
- $56,685,227
- +18.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Thales Academy funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $5K (2019) to $10K (2020). In 2020 it made 1 grant totaling $10K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $207,687,710 | $84,614,285 | $56,685,227 | — | — | $3,661,728 |
| 2024 | $184,183,775 | $71,208,122 | $47,916,851 | — | — | $905,575 |
| 2023 | $158,100,610 | $43,462,367 | $41,602,603 | — | — | $625,935 |
| 2022 | $156,547,178 | $53,403,024 | $32,633,017 | — | — | $2,758,054 |
| 2021 | $136,454,160 | $55,473,682 | $27,296,986 | — | — | $1,745,344 |
| 2020 | $101,220,882 | $18,592,138 | $23,267,652 | $10,000 | 1 | $-822,737 |
| 2019 | $97,936,432 | $57,196,114 | $21,057,204 | $5,000 | Total only | $2,989,513 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Thales Academy
Based on IRS filings
Thales Academy is a public charity focused on Education, based in Raleigh, NC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $207.7M in total assets. Net investment income was $3.7M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Thales Academy is led by Robert L. Luddy, President & Chair on every filing since 2019; 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Robert L. Luddy
President & Chair
On filings since 2019
2 hrs/week
No compensation reported
Ashley K. Bahor
Director of Academics
New on the 2025 filing
40 hrs/week
$112K (2025)
Randolph L. Luddy
Director
On filings since 2019
2 hrs/week
No compensation reported
Judy A. Nunnenkamp
Vice President
On filings since 2019
2 hrs/week
No compensation reported
William H. Francis Jr.
Secretary-Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Former officers (2)
- Former: Hilery Herman-Pagliolo (2021–2024) — Director of Academics
- Former: Timothy C. Hall (2019–2021) — Director of Academics
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $112K, to Ashley K Bahor (Director of Academics).
Frequently asked questions about Thales Academy
How large is Thales Academy?
Thales Academy reported $207.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $84.6M.
What is Thales Academy?
Thales Academy is a public charity focused on Education, based in Raleigh, NC. It holds $207.7M in total assets as of 2025.
Where does Thales Academy operate?
Thales Academy has awarded grants in Indiana.
What is Thales Academy's EIN?
Thales Academy's EIN (Employer Identification Number) is 20-8920342. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 1, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Thales Academy's focus areas in our free grants database
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