Civic Intelligence

Excel Academy Rhode Island

990 • Fiscal year 2025 • EIN 87-4129135

Jul 01, 2024 to Jun 30, 2025

Organization ProfileWWW.EXCELACADEMY.ORG
622 Woonasquatucket AveNorth Providence, RI 02911

(401) 680-6086

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2025 filings • NTEE B • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

65th percentile

0.35x

Higher debt load relative to revenue than 65% of similar nonprofits.

2025 filings • NTEE B • $5M-$10M nonprofits • Source year 2025

Net Margin

62nd percentile

7.7%

Higher net margin than 62% of similar nonprofits.

2025 filings • NTEE B • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

52nd percentile

$147,232

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2025 filings • NTEE B • $5M-$10M nonprofits • Source year 2025

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2025 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

53%

Faster revenue growth than 90% of similar nonprofits.

2025 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$3,480,873

Up $1,143,456 (+49%) from 2024

Net Assets

Up

$857,146

Up $835,849 (+3925%) from 2024

Liabilities

Up

$2,623,727

Up $307,607 (+13%) from 2024

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin62nd percentile

Revenue

Up

$7,555,492

Up $2,626,673 (+53%) from 2024

Expenses

Up

$6,976,382

Up $2,060,951 (+42%) from 2024

Net Income

Up

$579,110

Up $565,722 (+4226%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $1,300,193Liabilities 2023: $1,292,284Net Assets 2023: $7,9092023Assets 2024: $2,337,417Liabilities 2024: $2,316,120Net Assets 2024: $21,2972024Assets 2025: $3,480,873Liabilities 2025: $2,623,727Net Assets 2025: $857,1462025

Highlighted filing

2025

Assets$3,480,873
Liabilities$2,623,727
Net Assets$857,146
Open 2025 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2023: $3,494,734Expenses 2023: $3,487,825Net Income 2023: $6,9092023Revenue 2024: $4,928,819Expenses 2024: $4,915,431Net Income 2024: $13,3882024Revenue 2025: $7,555,492Expenses 2025: $6,976,382Net Income 2025: $579,1102025

Highlighted filing

2025

Revenue$7,555,492
Expenses$6,976,382
Net Income$579,110
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Apr 21, 2026
Return Version
2024v5.5
Gross Receipts
$7,563,003
Mission and Program Overview

Mission

The mission of excel academy rhode island is to prepare students to succeed in high school and college, to apply their learning in solving relevant problems, and to engage productively in their community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$877,342$1,615,955▲ $738,613
Land, Buildings, and Equipment, Net$38,804$259,352▲ $220,548
Accounts Receivable$154,435$112,894▼ $41,541
Prepaid Expenses and Deferred Charges$62,845$43,983▼ $18,862
Cash and Non-Interest-Bearing Accounts$6,660$1▼ $6,659
Total Assets$2,337,417$3,480,873▲ $1,143,456
Other Assets Total$1,197,331$1,448,688▲ $251,357
Liabilities
Other Liabilities$1,951,069$2,052,123▲ $101,054
Accounts Payable and Accrued Expenses$365,051$571,604▲ $206,553
Total Liabilities$2,316,120$2,623,727▲ $307,607
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,297$857,146▲ $835,849
Total Net Assets Fund Balance$21,297$857,146▲ $835,849
Total Liabilities and Net Assets / Fund Balance$2,337,417$3,480,873▲ $1,143,456

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$164,900-$164,900
Equipment$70,077$18,312$88,389
Buildings$24,375$625$25,000
Other Assets Org$244,100--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kate RingHead of SchoolFT$129,140$18,092$147,232
Megan PerryHead of School FellowFT$114,418$8,334$122,752
Priscilla SantiagoMll SpecialistFT$100,161$7,820$107,981

Board Members and Trustees

NameTitle
Mayor Brett SmileyChair
Channavy ChhayVice Chair
Frangely RojasBoard Member
Imani BlakeBoard Member
Jaime GreenthalBoard Member
Liz GiordanoBoard Member
Mayor Charles LombardiBoard Member
Gary GoldbergBoard Member (until 11/24)
Liza Cariaga-loBoard Member (until 11/24)
Owen StearnsCEO
Andrew SolomonCFO
Nina KeoughChief School Officer
Mayor Maria RiveraClerk
Chiv HengTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Friends Of Excel Academy Charter SchoolManagement Fee And Rent58 MOORE STREET, East Boston, MA 02128$1,051,476
Durham School Services LPBus Transportation Services2601 NAVISTAR DRIVE, Lisle, NJ 60532$417,209
North Providence School Lunch ProgramFood Provider For Student Meals1828 MINERAL SPRING AVENUE, North Providence, RI 02904$181,164
Revenue and Support

Revenue Composition

Contributions and Grants
$7,524,984
Program Service Revenue
$0
Investment Income
$30,502
Other Revenue
$6
All Other Contributions
$956,261
Change in Net Assets
$579,110

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1,344$18,856Fair Market Value (FMV)
Total Noncash Contributions1,344$18,856-

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,555,492
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$256,739
Total Revenue per Audited Statements
$7,812,231
Total Revenue per Form 990
$7,555,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,618,318
Salaries, Compensation, and Employee Benefits$3,358,064
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,678,193--$2,678,193
Occupancy$879,106--$879,106
Fees for Services Management-$822,270-$822,270
Office Expenses$240,981$541-$241,522
Payroll Taxes$234,423--$234,423
Other Employee Benefits$205,899--$205,899
Current Officers, Directors, Trustees, and Key Employees$166,622--$166,622
Fees for Services Other$88,341$8,000-$96,341
Pension Plan Contributions$72,927--$72,927
Other Expenses$28,184--$28,184
Depreciation Depletion$16,690--$16,690
Travel$1,329--$1,329
Total Functional Expenses$6,145,571$830,811$0$6,976,382

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,976,382
Total Expenses per Form 990$6,976,382
Total Expenses per Audited Statements$6,730,960
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-245,422
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,208,863
Note Payable - Related Party$843,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Excel academy rhode island (the school) entered into a master service agreement with friends of excel academy charter school, inc. (friends). Under the agreement, friends is authorized to provide the school with academic, financial, technological, curriculum, and operational support. Owen stearns, ceo, andrew solomon, cfo, and nina keough, chief school officer, are employees of friends and officers of the school. In fiscal year 2025, owen stearns received $49,691, andrew solomon recieved $68,924, and nina keough received $28,518 of reportable compensation from friends for services provided to the school. The school paid $822,270 of management fees in fiscal year 2025.”

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

“Form 990 was reviewed by admin personnel before filing.”

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

“Annual meeting members reaffirmed conflict of interest policy and discuss whether violations have taken place.”

Form 990, Part VI, Section C, Line 19

“The required documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Excel Academy Rhode Island
EIN
87-4129135
Phone
4016806086
Address
622 WOONASQUATUCKET AVE, NORTH PROVIDENCE, RI 02911

Signing Officer

Name
Channavy Chhay
Title
Vice Chair
Phone
4016806086
Signed
2026-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Channavy Chhay
Formed
2021
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
9
Employees
42
Volunteers
141

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Caitlin Limoges CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Imputed interest on note payable - related party 256,739.”

FORM 990, PART XII, LINE 2C:

“The board of directors has oversight of the audit process. This process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The school accounts for uncertainty in income taxes in accordance with accounting standards codification (asc) topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The school has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the accompanying financial statements at june 30, 2025. The school's information returns are subject to examination by the federal and state jurisdictions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Imputed interest on note payable - related party 256,739.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Site search costs -245,422.”

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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/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER (UNTIL 11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER (UNTIL 11/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF SCHOOL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEAD OF SCHOOL FELLOW
IRS990/Form990PartVIISectionAGrp/TitleTxt16MLL SPECIALIST
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-7511
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt06568723
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt07563003
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt038013
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt038013
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018937
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038804
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0259352
IRS990/LandBldgEquipCostOrOtherBssAmt0278289
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt07511
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF EXCEL ACADEMY RHODE ISLAND IS TO PREPARE STUDENTS TO SUCCEED IN HIGH SCHOOL AND COLLEGE, TO APPLY THEIR LEARNING IN SOLVING RELEVANT PROBLEMS, AND TO ENGAGE PRODUCTIVELY IN THEIR COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt021297
IRS990/NetAssetsOrFundBalancesEOYAmt0857146
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7511
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7511
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt021297
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0857146
IRS990/NoncashContributionsAmt018856
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0879106
IRS990/OccupancyGrp/TotalAmt0879106
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0541
IRS990/OfficeExpensesGrp/ProgramServicesAmt0240981
IRS990/OfficeExpensesGrp/TotalAmt0241522
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01197331
IRS990/OtherAssetsTotalGrp/EOYAmt01448688
IRS990/OtherChangesInNetAssetsAmt0256739
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0205899
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0205899
IRS990/OtherExpensesGrp/Desc0DIRECT STUDENT COSTS
IRS990/OtherExpensesGrp/Desc1SITE SEARCH COSTS
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3LICENSES AND SUBSCRIPTI
IRS990/OtherExpensesGrp/ProgramServicesAmt01221822
IRS990/OtherExpensesGrp/ProgramServicesAmt1245422
IRS990/OtherExpensesGrp/ProgramServicesAmt265632
IRS990/OtherExpensesGrp/ProgramServicesAmt328184
IRS990/OtherExpensesGrp/TotalAmt01221822
IRS990/OtherExpensesGrp/TotalAmt1245422
IRS990/OtherExpensesGrp/TotalAmt265632
IRS990/OtherExpensesGrp/TotalAmt328184
IRS990/OtherLiabilitiesGrp/BOYAmt01951069
IRS990/OtherLiabilitiesGrp/EOYAmt02052123
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt06
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06
IRS990/OtherRevenueTotalAmt06
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02678193
IRS990/OtherSalariesAndWagesGrp/TotalAmt02678193
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0234423
IRS990/PayrollTaxesGrp/TotalAmt0234423
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt072927
IRS990/PensionPlanContributionsGrp/TotalAmt072927
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062845
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt043983
IRS990/PrincipalOfficerNm0CHANNAVY CHHAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04914059
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014091
IRS990/PYOtherExpensesAmt02335284
IRS990/PYOtherRevenueAmt0669
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt013388
IRS990/PYSalariesCompEmpBnftPaidAmt02580147
IRS990/PYTotalExpensesAmt04915431
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04928819
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0579110
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0877342
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01615955
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt024375
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0625
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/EquipmentGrp/BookValueAmt070077
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018312
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088389
IRS990ScheduleD/ExpensesNotReportedAmt0-245422
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06976382
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01204588
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1244100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE LEASE ASSET - OPERATING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTY
IRS990ScheduleD/OtherExpensesIncludedAmt0-245422
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0164900
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0164900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0843260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11208863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt0256739
IRS990ScheduleD/RevenueNotReportedAmt0256739
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07555492
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AT JUNE 30, 2025. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1IMPUTED INTEREST ON NOTE PAYABLE - RELATED PARTY 256,739.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SITE SEARCH COSTS -245,422.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0259352
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01448688
IRS990ScheduleD/TotalExpensesPerForm990Amt06976382
IRS990ScheduleD/TotalLiabilityAmt02052123
IRS990ScheduleD/TotalRevenuePerForm990Amt07555492
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07812231
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06730960
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,480,873
Liabilities
$2,623,727
Net assets
$857,146
Revenue
$7,555,492
Expenses
$6,976,382
Net income
$579,110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.48$2.62$0.86$7.56$6.98$0.58
2024Detailed filing. Detailed filing data is available for this year.$2.34$2.32$0.02$4.93$4.92$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.30$1.29$0.01$3.49$3.49$0.01