Civic Intelligence

Innovation Arts Academy Inc

EIN 81-2571338 • 501(c)3 • Lexington, KY

Profile

Innovation arts academy nurtures the creative spirit in children byproviding high quality performing arts training;encouraging the development of individual expression, leadership capacity, teamwork, and dynamic communication skills;supporting and developing arts professionals; andshowcasing the arts in the community.

326 Stratford DrLexington, KY 40503

www.innovationarts.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.12x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

36th percentile

-5.5%

Higher net margin than 36% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-28%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

23%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$36,457

Up $5,801 (+19%) from 2023

Liabilities

Up

$5,529

Up $1,738 (+46%) from 2023

Net Assets

Up

$30,928

Up $4,063 (+15%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin36th percentile

Revenue

Up

$262,338

Up $57,329 (+28%) from 2023

Expenses

Up

$258,275

Up $41,933 (+19%) from 2023

Net Income

Up

$4,063

Up $15,396 (+136%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2017: $23,060Liabilities 2017: $58,1122017Assets 2018: $14,560Liabilities 2018: $1,9992018Assets 2019: $8,981Liabilities 2019: $1,999Net Assets 2019: $6,9822019Assets 2020: $11,279Liabilities 2020: $40Net Assets 2020: $11,2392020Assets 2021: $23,405Liabilities 2021: $0Net Assets 2021: $23,4052021Assets 2022: $42,417Liabilities 2022: $4,219Net Assets 2022: $38,1982022Assets 2023: $30,656Liabilities 2023: $3,791Net Assets 2023: $26,8652023Assets 2024: $36,457Liabilities 2024: $5,529Net Assets 2024: $30,9282024

Highlighted filing

2024

Assets$36,457
Liabilities$5,529
Net Assets$30,928
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2017: $158,855Expenses 2017: $193,907Net Income 2017: -$35,0522017Revenue 2018: $191,074Expenses 2018: $143,461Net Income 2018: $47,6132018Revenue 2019: $125,908Expenses 2019: $131,487Net Income 2019: -$5,5792019Revenue 2020: $97,994Expenses 2020: $93,737Net Income 2020: $4,2572020Revenue 2021: $115,610Expenses 2021: $103,444Net Income 2021: $12,1662021Revenue 2022: $166,283Expenses 2022: $151,490Net Income 2022: $14,7932022Revenue 2023: $205,009Expenses 2023: $216,342Net Income 2023: -$11,3332023Revenue 2024: $262,338Expenses 2024: $258,275Net Income 2024: $4,0632024

Highlighted filing

2024

Revenue$262,338
Expenses$258,275
Net Income$4,063
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,457
Liabilities
$5,529
Net assets
$30,928
Revenue
$262,338
Expenses
$258,275
Net income
$4,063
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.36$0.06$0.31$2.62$2.58$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.04$0.27$2.05$2.16$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.04$0.38$1.66$1.51$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$1.16$1.03$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.98$0.94$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$1.26$1.31$0.06
2018Summary only. Only limited summary data is available for this year.$0.15$0.02$1.91$1.43$0.48
2017Summary only. Only limited summary data is available for this year.$0.23$0.58$1.59$1.94$0.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$262,338
Mission and Program Overview

Mission

Innovation arts academy nurtures the creative spirit in children by providing high quality performing arts training; encouraging the development of individual expression, leadership capacity, teamwork and dynamic communication skills; supporting and developing arts professionals and showcasing the arts in the community

Innovation arts academy nurtures the creative spirit in children byproviding high quality performing arts training;encouraging the development of individual expression, leadership capacity, teamwork, and dynamic communication skills;supporting and developing arts professionals; andshowcasing the arts in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,456$33,257▲ $5,801
Prepaid Expenses and Deferred Charges$3,200$3,200→ $0
Total Assets$30,656$36,457▲ $5,801
Liabilities
Accounts Payable and Accrued Expenses$3,791$5,529▲ $1,738
Total Liabilities$3,791$5,529▲ $1,738
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,865$30,928▲ $4,063
Total Net Assets Fund Balance$26,865$30,928▲ $4,063
Total Liabilities and Net Assets / Fund Balance$30,656$36,457▲ $5,801
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Mary Jo NelsonExecutive DirectorPT$18,000$18,000

Board Members and Trustees

NameTitle
Kelley NalliPresident
Angie FieldsBoard Member
Erin SpaldingBoard Member
Paige RiceDirector
Sarah McmahanSecretary
Erin WalletTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$262,338
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$4,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,030
Salaries, Compensation, and Employee Benefits$104,245
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$80,085--$80,085
Occupancy-$34,792-$34,792
Office Expenses-$32,368-$32,368
Current Officers, Directors, Trustees, and Key Employees-$18,000-$18,000
Conferences and Meetings$11,145--$11,145
Payroll Taxes-$6,160-$6,160
Fees for Services Other-$3,005-$3,005
Fees for Services Accounting-$1,328-$1,328
Insurance-$1,053-$1,053
Information Technology-$703-$703
Advertising-$630-$630
Other Expenses$1,553$468-$468
All Other Expenses-$15-$15
Total Functional Expenses$159,753$98,522$0$258,275
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Digital copy of form 990 is provided to the board and must be approved before filing.”

Form 990, Part VI, Section B, Line 12C

“Organization discusses possible conflicts of interest at every board meeting.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Innovation Arts Academy Inc
EIN
81-2571338
Phone
8594892683
Address
326 STRATFORD DR, LEXINGTON, KY 40503

Signing Officer

Name
Mary Joy Nelson
Title
Executive Director
Phone
8594892683
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Joy Nelson
Formed
2016
Legal Domicile
Ky
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Accounting Firm LLC
Address
841 CORPORATE DR STE 303, LEXINGTON, KY 40503
Preparer
Jennifer M Coupal CPA
Phone
8593051099
Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03791
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05529
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INNOVATION ARTS ACADEMY NURTURES THE CREATIVE SPIRIT IN CHILDREN BYPROVIDING HIGH QUALITY PERFORMING ARTS TRAINING;ENCOURAGING THE DEVELOPMENT OF INDIVIDUAL EXPRESSION, LEADERSHIP CAPACITY, TEAMWORK, AND DYNAMIC COMMUNICATION SKILLS;SUPPORTING AND DEVELOPING ARTS PROFESSIONALS; ANDSHOWCASING THE ARTS IN THE COMMUNITY.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0630
IRS990/AdvertisingGrp/TotalAmt0630
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt015
IRS990/AllOtherExpensesGrp/TotalAmt015
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARY JOY NELSON
IRS990/BooksInCareOfDetail/PhoneNum08594892683
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0326 STRATFORD DR
IRS990/BooksInCareOfDetail/USAddress/CityNm0LEXINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd040503
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt027456
IRS990/CashNonInterestBearingGrp/EOYAmt033257
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt018000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt011145
IRS990/ConferencesMeetingsGrp/TotalAmt011145
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0154030
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0262338
IRS990/CYRevenuesLessExpensesAmt04063
IRS990/CYSalariesCompEmpBnftPaidAmt0104245
IRS990/CYTotalExpensesAmt0258275
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0262338
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDING TRAINING IN THE PERFORMING ARTS TO CHILDREN AND PROMOTING PERFORMING ARTS EDUCATION IN PUBLIC AND PRIVATE SCHOOLS FOR CHILDREN IN LEXINGTON, KY AND THE SURROUNDING COMMUNITIES. CLASSES OFFERED INCLUDE MUSICAL THEATRE PERFORMANCE TRAINING WITH ADVANCED ACTING A VARIETY OF DANCE CLASSES. VOCAL TRAINING AND WORKSHOPS IN AUDITION SKILLS ARE ALSO OFFERED. INNOVATION ARTS ACADEMY HAS COLLABORATED WITH THE LOCAL SCHOOLS BY PROVIDING INFORMATION ABOUT CLASSES, WORKSHOPS, HOLDING AUDITIONS AT AREA SCHOOLS AND ASSISTING STUDENTS IN PREPARATION FOR SCHOOL AUDITIONS AND FOR ENTRANCE TO THE SCHOOL FOR THE CREATIVE AND PERFORMING ARTS (SCAPA).
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt080085
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01328
IRS990/FeesForServicesAccountingGrp/TotalAmt01328
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03005
IRS990/FeesForServicesOtherGrp/TotalAmt03005
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY JO NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm1ANGIE FIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIN WALLET
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIN SPALDING
IRS990/Form990PartVIISectionAGrp/PersonNm4SARAH MCMAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm5KELLEY NALLI
IRS990/Form990PartVIISectionAGrp/PersonNm6PAIGE RICE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt018000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0262338
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0703
IRS990/InformationTechnologyGrp/TotalAmt0703
IRS990/InsuranceGrp/ManagementAndGeneralAmt01053
IRS990/InsuranceGrp/TotalAmt01053
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0INNOVATION ARTS ACADEMY NURTURES THE CREATIVE SPIRIT IN CHILDREN BYPROVIDING HIGH QUALITY PERFORMING ARTS TRAINING;ENCOURAGING THE DEVELOPMENT OF INDIVIDUAL EXPRESSION, LEADERSHIP CAPACITY, TEAMWORK, AND DYNAMIC COMMUNICATION SKILLS;SUPPORTING AND DEVELOPING ARTS PROFESSIONALS; ANDSHOWCASING THE ARTS IN THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026865
IRS990/NetAssetsOrFundBalancesEOYAmt030928
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt026865
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt030928
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt034792
IRS990/OccupancyGrp/TotalAmt034792
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt032368
IRS990/OfficeExpensesGrp/TotalAmt032368
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PRODUCTION COSTS
IRS990/OtherExpensesGrp/Desc1JTF COSTS
IRS990/OtherExpensesGrp/Desc2DISENY TRIP EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0468
IRS990/OtherExpensesGrp/ProgramServicesAmt041355
IRS990/OtherExpensesGrp/ProgramServicesAmt125615
IRS990/OtherExpensesGrp/ProgramServicesAmt21553
IRS990/OtherExpensesGrp/TotalAmt041355
IRS990/OtherExpensesGrp/TotalAmt125615
IRS990/OtherExpensesGrp/TotalAmt21553
IRS990/OtherExpensesGrp/TotalAmt3468
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt080085
IRS990/OtherSalariesAndWagesGrp/TotalAmt080085
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06160
IRS990/PayrollTaxesGrp/TotalAmt06160
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03200
IRS990/PrincipalOfficerNm0MARY JOY NELSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1711110
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PRODUCTION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2JTF PARTICIPANT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0203583
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt139667
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0203583
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt139667
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212800
IRS990/ProgSrvcAccomActy2Grp/Desc0WE SHOWCASE THE TALENTS OF CHILDREN IN LEXINGTON, KY AND THE SURROUNDING COMMUNITIES THROUGH PERFORMANCES AND PARTICIPATION IN COMMUNITY ARTS EVENTS. INNOVATION ARTS ACADEMY PRODUCES MUSICALS, TAKES STUDENTS TO THEATER FESTIVALS AND REGIONAL VOICE FESTIVALS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt068523
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt058755
IRS990/ProgSrvcAccomActy3Grp/Desc0WE PROVIDE PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ARTS EDUCATORS AND ARTS PROFESSIONALS. THE ACADEMY EMPLOYS 10-12 PROFESSIONAL TEACHING ARTISTS FOR ITS STUDENTS. SOME OF THESE ARTISTS ALSO TEACH IN THE LOCAL COLLEGES, UNIVERSITIES AND SCHOOLS. THE ACADEMY RETAINS, ON A CONTRACT BASIS, THEATRE STAFF FOR ITS PRODUCTIONS, INCLUDING A STAGE AMANGER, TECHNICAL DIRECTOR, SOUND AND LIGHTING DESIGNERS, COSTUME DESINGERS AND SET DESIGNERS AS WELL AS PRODIVING TRAINING TO INTERNS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt011145
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0117
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0133306
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0204892
IRS990/PYRevenuesLessExpensesAmt0-11333
IRS990/PYSalariesCompEmpBnftPaidAmt083036
IRS990/PYTotalExpensesAmt0216342
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0205009
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04063
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0203583
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt074
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04373
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt019
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04583
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0584969
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus1YearAmt0204892
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt0166283
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt0111237
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt097974
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt0580386
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0205009
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0166357
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0115610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097993
IRS990ScheduleA/Total509Grp/TotalAmt0584969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0205009
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0166357
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0115610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt097993
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0584969
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIGITAL COPY OF FORM 990 IS PROVIDED TO THE BOARD AND MUST BE APPROVED BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION DISCUSSES POSSIBLE CONFLICTS OF INTEREST AT EVERY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt030656
IRS990/TotalAssetsEOYAmt036457
IRS990/TotalAssetsGrp/BOYAmt030656
IRS990/TotalAssetsGrp/EOYAmt036457
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098522
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159753
IRS990/TotalFunctionalExpensesGrp/TotalAmt0258275
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03791
IRS990/TotalLiabilitiesEOYAmt05529
IRS990/TotalLiabilitiesGrp/BOYAmt03791
IRS990/TotalLiabilitiesGrp/EOYAmt05529
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030928
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt06288
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt06288
IRS990/TotalProgramServiceExpensesAmt0159753
IRS990/TotalProgramServiceRevenueAmt0262338
IRS990/TotalReportableCompFromOrgAmt018000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0262338
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0262338
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030656
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036457
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0326 STRATFORD DR
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040503
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.INNOVATIONARTS.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY JOY NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08594892683
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION ARTS ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0812571338
ReturnHeader/Filer/PhoneNum08594892683
ReturnHeader/Filer/USAddress/AddressLine1Txt0326 STRATFORD DR
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040503
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872821150
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ACCOUNTING FIRM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0841 CORPORATE DR STE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd040503
ReturnHeader/PreparerPersonGrp/PhoneNum08593051099
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER M COUPAL CPA
ReturnHeader/ReturnTs02025-01-15T11:24:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.