Civic Intelligence

Academy for the Love of Learning

EIN 86-0945282 • 501(c)3 • Santa Fe, NM

Profile

The academy's mission is to awaken, enliven, nurture, and sustain the natural love of learning in people of all ages through research, development, implementation, and dissemination of educational programs.

133 Seton Village RoadSanta Fe, NM 87508

www.aloveoflearning.org

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Net Margin

84th percentile

45%

Higher net margin than 84% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

51st percentile

$212,157

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

NTEE B • $25M-$50M nonprofits • Source year 2024

Asset Growth

70th percentile

9.9%

Faster asset growth than 70% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

1099%

Faster revenue growth than 98% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$28,933,553

Up $2,601,882 (+9.9%) from 2023

Liabilities

Up

$146,113

Up $50,409 (+53%) from 2023

Net Assets

Up

$28,787,440

Up $2,551,473 (+9.7%) from 2023

Revenue

Up

$5,563,697

Up $5,099,496 (+1099%) from 2023

Expenses

Up

$3,062,671

Up $201,696 (+7.0%) from 2023

Net Income

Up

$2,501,026

Up $4,897,800 (+204%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $19,757,584Liabilities 2010: $92,251Net Assets 2010: $19,665,3332010Assets 2011: $20,342,980Liabilities 2011: $63,875Net Assets 2011: $20,279,1052011Assets 2012: $20,076,729Liabilities 2012: $98,440Net Assets 2012: $19,978,2892012Assets 2013: $19,644,661Liabilities 2013: $51,801Net Assets 2013: $19,592,8602013Assets 2014: $19,412,109Liabilities 2014: $70,992Net Assets 2014: $19,341,1172014Assets 2015: $19,120,904Liabilities 2015: $93,092Net Assets 2015: $19,027,8122015Assets 2016: $18,483,350Liabilities 2016: $68,768Net Assets 2016: $18,414,5822016Assets 2017: $28,408,301Liabilities 2017: $151,883Net Assets 2017: $28,256,4182017Assets 2018: $26,489,156Liabilities 2018: $117,713Net Assets 2018: $26,371,4432018Assets 2019: $24,863,462Liabilities 2019: $181,600Net Assets 2019: $24,681,8622019Assets 2020: $23,134,912Liabilities 2020: $117,262Net Assets 2020: $23,017,6502020Assets 2021: $22,846,093Liabilities 2021: $114,165Net Assets 2021: $22,731,9282021Assets 2022: $28,088,150Liabilities 2022: $108,758Net Assets 2022: $27,979,3922022Assets 2023: $26,331,671Liabilities 2023: $95,704Net Assets 2023: $26,235,9672023Assets 2024: $28,933,553Liabilities 2024: $146,113Net Assets 2024: $28,787,4402024

Highlighted filing

2024

Assets$28,933,553
Liabilities$146,113
Net Assets$28,787,440

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $1,895,6852010Revenue 2011: $2,899,821Expenses 2011: $2,283,684Net Income 2011: $616,1372011Revenue 2012: $2,803,281Expenses 2012: $3,104,071Net Income 2012: -$300,7902012Revenue 2013: $3,183,055Expenses 2013: $3,568,704Net Income 2013: -$385,6492013Revenue 2014: $3,519,604Expenses 2014: $3,771,441Net Income 2014: -$251,8372014Revenue 2015: $3,596,055Expenses 2015: $3,910,621Net Income 2015: -$314,5662015Revenue 2016: $3,294,207Expenses 2016: $3,906,448Net Income 2016: -$612,2412016Revenue 2017: $13,349,931Expenses 2017: $3,448,245Net Income 2017: $9,901,6862017Revenue 2018: $1,858,312Expenses 2018: $3,642,358Net Income 2018: -$1,784,0462018Revenue 2019: $1,784,226Expenses 2019: $3,685,451Net Income 2019: -$1,901,2252019Revenue 2020: $1,594,583Expenses 2020: $3,316,953Net Income 2020: -$1,722,3702020Revenue 2021: $2,334,127Expenses 2021: $2,520,616Net Income 2021: -$186,4892021Revenue 2022: $7,913,267Expenses 2022: $2,492,991Net Income 2022: $5,420,2762022Revenue 2023: $464,201Expenses 2023: $2,860,975Net Income 2023: -$2,396,7742023Revenue 2024: $5,563,697Expenses 2024: $3,062,671Net Income 2024: $2,501,0262024

Highlighted filing

2024

Revenue$5,563,697
Expenses$3,062,671
Net Income$2,501,026

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$0.15$28.8$5.56$3.06$2.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$0.10$26.2$0.46$2.86$2.40
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$0.11$28.0$7.91$2.49$5.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.8$0.11$22.7$2.33$2.52$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$0.12$23.0$1.59$3.32$1.72
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$0.18$24.7$1.78$3.69$1.90
2018Summary only. Only limited summary data is available for this year.$26.5$0.12$26.4$1.86$3.64$1.78
2017Summary only. Only limited summary data is available for this year.$28.4$0.15$28.3$13.3$3.45$9.90
2016Summary only. Only limited summary data is available for this year.$18.5$0.07$18.4$3.29$3.91$0.61
2015Summary only. Only limited summary data is available for this year.$19.1$0.09$19.0$3.60$3.91$0.31
2014Summary only. Only limited summary data is available for this year.$19.4$0.07$19.3$3.52$3.77$0.25
2013Summary only. Only limited summary data is available for this year.$19.6$0.05$19.6$3.18$3.57$0.39
2012Summary only. Only limited summary data is available for this year.$20.1$0.10$20.0$2.80$3.10$0.30
2011Summary only. Only limited summary data is available for this year.$20.3$0.06$20.3$2.90$2.28$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$0.09$19.7$1.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 12, 2025
Return Version
2024v5.0
Gross Receipts
$5,563,697
Mission and Program Overview

Mission

The academy's mission is to awaken, enliven, nurture, and sustain the natural love of learning in people of all ages through research, development, implementation, and dissemination of educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,751,571$12,533,059▼ $218,512
Investments Other Securities$6,823,475$10,899,895▲ $4,076,420
Pledges and Grants Receivable$3,854,848$2,000,000▼ $1,854,848
Savings and Temporary Cash Investments$992,852$1,896,712▲ $903,860
Cash and Non-Interest-Bearing Accounts$1,025,090$802,404▼ $222,686
Total Assets$26,331,671$28,933,553▲ $2,601,882
Other Assets Total$883,835$801,483▼ $82,352
Liabilities
Accounts Payable and Accrued Expenses$95,704$146,113▲ $50,409
Total Liabilities$95,704$146,113▲ $50,409
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,264,354$26,645,675▲ $4,381,321
Net Assets With Donor Restrictions$3,971,613$2,141,765▼ $1,829,848
Total Net Assets Fund Balance$26,235,967$28,787,440▲ $2,551,473
Total Liabilities and Net Assets / Fund Balance$26,331,671$28,933,553▲ $2,601,882

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,193,281$5,043,104$16,236,385
Equipment$349,879$1,210,018$1,559,897
Land$680,000-$680,000
Leasehold Improvements$309,899$84,918$394,817
Other Securities$123,140--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,971,613$25,000▲ $145,152$2,000,000$2,141,765
2023$5,803,812$167,801-$2,000,000$3,971,613
2022$71,765$5,732,047--$5,803,812
2021-$71,765--$71,765
2020$28,249--$28,249-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel E Brannen Jr Sec FinanceMngr, & Gen.FT$212,157-$212,157
Daniel E Brannen Jr Sec FinanceMngr, & Gen. Counsel-$212,157$9,226$212,157
Aaron SternPres./execut-$168,083$8,404$176,487
Aaron SternPres./executive Director-$167,261-$176,487
David GordonVP & Treasur-$93,448$4,672$98,120

Board Members and Trustees

NameTitle
Mary Ellen PetriskoTrustee
Vivi RogersTrustee

Highest Paid Contractors

ContractorServicesLocationCompensation
Perennial Strategy LLCPrg/mktg Cons.3055 NW YEON AVE 1602, Portland, OR 97210$264,720
-Legal & Cons.3 CALIENTE ROAD STE 5, Santa Fe, NM 87508$212,157
Revenue and Support

Revenue Composition

Contributions and Grants
$5,171,641
Program Service Revenue
$70,225
Investment Income
$314,070
Other Revenue
$7,761
All Other Contributions
$5,171,641
Change in Net Assets
$2,501,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,562,047
Revenue Not Reported on Financial Statements
$1,650
Revenue Not Reported on Form 990
$50,447
Other Revenue Adjustments
$1,650
Total Revenue per Audited Statements
$5,612,494
Total Revenue per Form 990
$5,563,697
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,001,615
Salaries, Compensation, and Employee Benefits$1,052,116
Total Fundraising Expense$56,089
Grants and Similar Amounts Paid$8,940
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$415,183$99,493$3,988$518,664
Current Officers, Directors, Trustees, and Key Employees$369,462$95,409$21,892$486,763
Depreciation Depletion$366,755$91,480$11,039$469,274
Other Salaries and Wages$346,376$84,977$203$431,556
Advertising$66,123$110,999-$177,122
Insurance$128,550$32,064$3,869$164,483
Payroll Taxes$58,331$14,550$1,756$74,637
Occupancy$42,985$13,457$1,294$57,736
Other Expenses$16,948$34,401$1,296$51,349
All Other Expenses$13,902$33,731$2,703$50,336
Fees for Services Legal$20,196$13,498$593$34,287
Other Employee Benefits$23,919$6,521$720$31,160
Pension Plan Contributions$21,818$6,073$109$28,000
Travel$21,701$5,597-$27,298
Fees for Services Accounting$15,638$10,452$459$26,549
Office Expenses$20,592$4,985$600$26,177
Grants to Domestic Orgs$8,940--$8,940
Total Functional Expenses$2,300,475$706,107$56,089$3,062,671

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,062,671
Expenses per Audited Statements$3,061,021
Total Expenses per Audited Statements$3,061,021
Expenses Not Reported on Financial Statements$1,650
Other Expense Adjustments$1,650
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
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

The academy's independent cpa firm prepares a draft of the 990. The draft is reviewed by the academy's executive director and finance manager, the academy's outside attorney, and the audit committee of the board of trustees before it is finished for filing with the irs. All trustees receive a copy before the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

All trustees, officers, and employees are required annually to read the conflict of interest policy and to submit a conflict of interest policy information form that the finance manager reviews and maintains with the president/executive director. At the start of board meetings, trustees are reminded of their duty to be aware of and to disclose potential conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

For the president/executive director and for all other paid officers and employees who also serve on the board of trustees, the board sets the salaries using salary survey data for comparable positions and taking into consideration each employee's value to the academy and individual responsibility and circumstances. This process is subject to the academy's conflict of interest policy. Compensated officers and employees who also are trustees are absent and abstain from discussion and vote concerning their own salaries.

Form 990, Page 6, Part VI, Line 15B

For each employee who is also a trustee or an officer, the board sets the salaries using salary survey data for comparable positions and taking into consideration each employee's value to the academy and individual responsibility and circumstances. This process is subject to the academy's conflict of interest policy. Compensated officers and employees who also are trustees are absent and abstain from discussion and vote concerning their own salaries.

Form 990, Page 6, Part VI, Line 19

Governing documents, the conflict of interest policy, and financial statements are made available at the discretion of the board or management or as otherwise required by law.

Filing and Contact Details

Filer

Filer Name
Academy for the Love of
EIN
86-0945282
Phone
5059951860
Address
133 SETON VILLAGE ROAD, SANTA FE, NM 87508

Signing Officer

Name
Aaron Stern
Title
Pres./executive Director
Phone
5059951860
Signed
2025-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Aaron Stern
Formed
1998
Legal Domicile
Az
Voting Board Members
4
Independent Board Members
2
Employees
17

Preparer

Firm
Pulakos Cpas Pc
Address
6753 ACADEMY RD NE, ALBUQUERQUE, NM 87109
Preparer
Robert a Depasquale CPA
Phone
5053381500
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Trainings: the academy worked with another nonprofit entity to incorporate academy curriculum in their learning programs, including prototyping new online coursework offerings; and designed the curriculum, facilitated, and hosted portions of their fellows program. Ventana: the ventana program continued a hiatus while the academy considered the program's future.

Form 990, Part IX, Line 11G

Other professional fees 135,768 90,743 3,988 consultants 279,415 8,750 0 total 415,183 99,493 3,988

Form 990, Part XI, Line 9

Reclass asset disposal loss to f990 pg 10 -1,625 gross up of seton proj. Revenue f990 page 9 -25 reclass asset disposal loss f990 pg 9 1,625 gross up seton proj. Revenue f990 page 9 25

Financial Statement Notes

Schedule D, Page 2, Part III, Line 4

The academy maintains a collection of art and artifacts made by ernest thompson seton and others. The collection furthers the academy's exempt purpose by providing material for use in the academy's programs, workshops, conferences, collaborations, and publications regarding learning and education.

Schedule D, Page 3, Part X

The academy has received tax-exempt status under code section 501(c)(3) of the internal revenue code. The academy has adopted us gaap as they relate to uncertain tax positions and has evaluated its tax positions taken for all open tax years. The academy is not currently under audit, nor has the academy been contacted by any tax jurisdictions. Management believes that the activities of the academy are within their tax-exempt purpose, and that there are no uncertain tax positions. Therefore, no provision for the effects of uncertain income taxes has been recorded for the years ended 2024 and 2023, respectively. No interest or penalties were recorded in 2024 or 2023, respectively.

Schedule D, Page 4, Part XI, Line 4B

Reclass asset disposal loss to f990 pg 10 1,625 gross up of seton proj. Revenue f990 page 9 25

Schedule D, Page 4, Part XII, Line 4B

Reclass asset disposal loss f990 pg 9 1,625 gross up seton proj. Revenue f990 page 9 25

Raw XML AppendixShowing 400 of 528 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.

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IRS990/ActivityOrMissionDesc0THE ACADEMY'S MISSION IS TO AWAKEN, ENLIVEN, NURTURE, AND SUSTAIN THE NATURAL LOVE OF LEARNING IN PEOPLE OF ALL AGES THROUGH RESEARCH, DEVELOPMENT, IMPLEMENTATION, AND DISSEMINATION OF EDUCATIONAL PROGRAMS.
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IRS990/Desc0COMMUNITY PROGRAMS: THE ACADEMY IMPLEMENTED ITS LEARNING EXCHANGE (LE) METHODOLOGY. INITIATED THE WAGING PEACE PROG WITH A SERIES OF INTERVIEWS AND CONVERSATIONS ON LEARNING PRACTICES AND EXPERIENCES THAT PROMOTE COMPASSION AND PEACE. A SEED SYLLABLES CURRICULUM EXPLORATION FOCUSED ON THE CREATIVE PRACTICES AT THE LE'S CORE. THE ACADEMY ADAPTED ITS CORE CURRICULUM AND PARTNERED TO CREATE WHITMAN ON WALLS NM, AN ARTISTIC EXPLORATION OF WHITMAN AND HIS IDEAS ABOUT COMMUNITY AND INTERDEPENDENCE. THE ACADEMY LED A PROGRAM FOR UNITED WORLD COLLEGE-USA CENTERING ON SUSTAINABILITY, RELATIONSHIPS, AND THE ENVIRONMENT. THE ACADEMY DISTRIBUTED IMPACT TRACKING PRACTICES, LEARNING FLIPBOOKS, AND LEARNING STORIES, AND LAUNCHED A NEW WEBSITE, NOTABLY WITH INTERACTIVE LEARNING EXPERIENCES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2MNGR, & GEN.
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP & TREASUR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRES./EXECUT
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IRS990/MissionDesc0THE ACADEMY'S MISSION IS TO AWAKEN, ENLIVEN, NURTURE, AND SUSTAIN THE NATURAL LOVE OF LEARNING IN PEOPLE OF ALL AGES THROUGH RESEARCH, DEVELOPMENT, IMPLEMENTATION, AND DISSEMINATION OF EDUCATIONAL PROGRAMS.
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IRS990/OtherExpensesGrp/Desc1PROGRAMMATIC
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3NEW MEXICO GRT
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IRS990/OtherExpensesGrp/FundraisingAmt11296
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IRS990/ProgramServiceRevenueGrp/Desc0TRAININGS
IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2SETON PROJECT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1200
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt225
IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH: THE ACADEMY'S RESEARCH CONTINUED WITH INTERNAL APPLICATION OF ITS LEARNING EXCHANGE METHODOLOGY, INCLUDING IN FACULTY AND STAFF DEVELOPMENT. THIS INCLUDED THE ACADEMY'S CONTINUED WORK WITH A CONSULTANT TO INFORM AND SHAPE THE ACADEMY'S ONGOING TRANSFORMATION WITH A COMMUNICATIONS-BASED STRATEGY FOR DISSEMINATING ITS EDUCATIONAL PROGRAMS AND LEARNINGS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0571329
IRS990/ProgSrvcAccomActy3Grp/Desc0SETON: THE SETON LEGACY PROJECT CONTINUED STEWARDING THE ACADEMY'S COLLECTION OF ERNEST T. SETON ARTWORK AND LEGACY. CONTINUED ONGOING LEARNING EXCHANGE WITH NATIVE AMERICAN LEADERS IN NEW MEXICO TO BRIDGE TO THOSE COMMUNITIES, AND TO INFORM THE ACADEMY HOW BEST TO STEWARD THE SETON LEGACY PROGRAM INTO THE FUTURE. CONTINUED THE ACADEMY'S REMATRIATION OF ALL NATIVE AMERICAN CREATIONS IN SETON'S COLLECTION TO THE TRIBES TO WHICH THEY BELONG, INCLUDING 30 ITEMS IN 2024; GAVE PRESENTATIONS ABOUT THE REMATRIATIONS AT THE FIRST ONLINE INTERNATIONAL WOODCRAFT GATHERING, THE NEW MEXICO ASSOCIATION OF MUSEUMS ANNUAL MEETING, AND THE ASSOCIATION OF TRIBAL ARCHIVES, LIBRARIES, AND MUSEUMS ANNUAL CONFERENCE.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt08940
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt025
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TRAININGS: THE ACADEMY WORKED WITH ANOTHER NONPROFIT ENTITY TO INCORPORATE ACADEMY CURRICULUM IN THEIR LEARNING PROGRAMS, INCLUDING PROTOTYPING NEW ONLINE COURSEWORK OFFERINGS; AND DESIGNED THE CURRICULUM, FACILITATED, AND HOSTED PORTIONS OF THEIR FELLOWS PROGRAM. VENTANA: THE VENTANA PROGRAM CONTINUED A HIATUS WHILE THE ACADEMY CONSIDERED THE PROGRAM'S FUTURE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt065466
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1123140
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CDS. -CHARLES SCHWAB
IRS990ScheduleD/OtherSecuritiesGrp/Desc1RSF INVESTMENT FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY MAINTAINS A COLLECTION OF ART AND ARTIFACTS MADE BY ERNEST THOMPSON SETON AND OTHERS. THE COLLECTION FURTHERS THE ACADEMY'S EXEMPT PURPOSE BY PROVIDING MATERIAL FOR USE IN THE ACADEMY'S PROGRAMS, WORKSHOPS, CONFERENCES, COLLABORATIONS, AND PUBLICATIONS REGARDING LEARNING AND EDUCATION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY HAS RECEIVED TAX-EXEMPT STATUS UNDER CODE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ACADEMY HAS ADOPTED US GAAP AS THEY RELATE TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. THE ACADEMY IS NOT CURRENTLY UNDER AUDIT, NOR HAS THE ACADEMY BEEN CONTACTED BY ANY TAX JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF THE ACADEMY ARE WITHIN THEIR TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN INCOME TAXES HAS BEEN RECORDED FOR THE YEARS ENDED 2024 AND 2023, RESPECTIVELY. NO INTEREST OR PENALTIES WERE RECORDED IN 2024 OR 2023, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RECLASS ASSET DISPOSAL LOSS TO F990 PG 10 1,625 GROSS UP OF SETON PROJ. REVENUE F990 PAGE 9 25
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RECLASS ASSET DISPOSAL LOSS F990 PG 9 1,625 GROSS UP SETON PROJ. REVENUE F990 PAGE 9 25
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART III, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueSecuritiesAmt010899895
IRS990ScheduleD/TotalExpensesPerForm990Amt03062671
IRS990ScheduleD/TotalRevenuePerForm990Amt05563697
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05612494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03061021
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
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IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICATION IN LOCAL NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3

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