Institute for Dynamic Educational Advancement

“The organization received an additional $27,081 in Microsoft Azure credits during 2024. These credits represent the remaining portion of a total grant of $127,081, of which $100,000 was reported in 2023.”

“Compute and Operating Expenses: $3,940.00 Digital Subscriptions: $168.91 Tax Filing & Government Fees: $42.50 Bank Fees: $50.00 Other Expenses: $26.50”

“The organization's COVID-19 Economic Injury Disaster Loan (EIDL) of $256,100 was charged off by the Small Business Administration during 2024. This eliminates the liability previously reported on Form 990-EZ, Part II, Line 26 in the 2023 return.”

“The change in net assets includes the discharge of a $256,100 EIDL loan by the SBA, significantly improving the organization's financial position from the prior year. / A credit line debt of $8,691 remained.”

“The organization is correcting its public charity classification to its original determination as a 509(a)(1) and 170(b)(1)(A)(vi) organization, which better reflects its funding structure of primarily donation support. In prior years, the organization incorrectly filed as a 509(a)(2) organization.”