Intensive Education Academy INC

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To provide a sound and appropriate Education for students with learning disabilities.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 20 volunteers and 78 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $565K a year · 9% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$275K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $7.3M in investments, Pt X · Ln 11–13
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $106K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$196K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
+10% vs prior year
Spent
$5.5M
To programs
75%
Net assets
$12.9M
By yearFY2020–FY2025
Revenue
$6.0M
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$6.2M
FY2022$6.1M
FY2023$7.9M
FY2024$5.5M
FY2025$6.0M
Expenses
$5.5M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.2M
FY2021$5.7M
FY2022$6.3M
FY2023$6.4M
FY2024$5.2M
FY2025$5.5M
Net assets
$12.9M
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.6M
FY2021$9.9M
FY2022$8.9M
FY2023$10.6M
FY2024$11.8M
FY2025$12.9M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $4.1M Management & general 23% · $1.3M Fundraising 2% · $124K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $275K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Fy 2023 Exec
$148,154Pt VII · Sec A
Interim Exec
$126,444Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lori Susi$148,154$142,000$61,423———
Jeff Forman———$137,941$138,696$133,076
Cindy Martin$126,444—————
Jeffrey Forman——$103,138———
Ana Marie Alvarez———$83,830——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Intensive Education Academy INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps disabled students reach their full potential through individualized learning.

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1 program · $4.1M · in their own filed words · FY2024
01

Iea Provides Education Programs for Students Diagnosed with

Autism, developmental delay, dyslexia, mild emotional disturbance, intellectual disability, specific learning disability, visual or hearing impairment, orthopedic impairment, traumatic brain injury, multiple disabilities, AND/OR OHI/ADD/ADHD.

$4.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 3 funders →
Grants paid · 3 grants · $60K · 2021–2024
Unitemized GrantFY2024$20,000
Unitemized GrantFY2022$15,389
Unitemized GrantFY2021$24,344

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$586K
Gifts and grantsLn 1h$171K
Money outPt IX
$5.5M
Ln 25
Programscol B$4.1M
Managementcol C$1.3M
Fundraisingcol D$124K
Owns and owesPt X
$12.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$13.1M
LiabilitiesLn 26$196K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$171K
Fundraising eventsLn 1c$43K
Fees for servicesLn 2g$5.3M
Investment incomeLn 3$586K
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$7.3M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$15K
Total assetsLn 16$13.1M
LiabilitiesLn 26$196K
Net assetsLn 32$12.9M
OperationsPt I, VI
EmployeesI 578
VolunteersI 620
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$726K$2.7M
InvestmentsLn 11–13$6.6M$7.3M
Land, buildings, equipmentLn 10c$2.9M$2.9M
Total assetsLn 16$12.1M$13.1M
LiabilitiesLn 26$369K$196K
Net assetsLn 32$11.8M$12.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$20K$20K
Other salaries and wagesLn 7$2.9M$2.5M$457K$31K
Other employee benefitsLn 9$318K$251K$54K$13K
Payroll taxesLn 10$243K$183K$59K$2K
Management feesLn 11a$5K$4K$746$47
Accounting feesLn 11c$44K$44K
Investment management feesLn 11f$40K$40K
Other fees for servicesLn 11g$938K$567K$371K
Office expensesLn 13$107K$14K$93K$228
OccupancyLn 16$223K$184K$37K$3K
Depreciation, depletion and amortizationLn 22$307K$253K$50K$4K
InsuranceLn 23$52K$43K$8K$687
Other expenses (24a–d)Ln 24$234K$113K$51K$70K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$5.5M$4.1M$1.3M$124K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 8, 2026 $6.0M$5.5M$548K$12.9M 990 PDF
FY2024Filed with the IRS Jul 15, 2025 $5.5M$5.2M$212K$11.8M 990 PDF
FY2023Filed with the IRS Feb 21, 2024 $7.9M$6.4M$1.4M$10.6M 990 PDF
FY2022Filed with the IRS Apr 19, 2023 $6.1M$6.3M−$129K$8.9M 990 PDF
FY2021Filed with the IRS May 4, 2022 $6.2M$5.7M$450K$9.9M 990 PDF
FY2020Filed with the IRS Mar 3, 2021 $6.1M$5.2M$868K$8.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $6,033,528 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $666,297$171,041
I-9 Program service revenuePrior year $4,696,630$5,276,853
I-10 Investment incomePrior year $98,370$585,634
I-11 Other revenue$0
I-12 Total revenuePrior year $5,461,297$6,033,528
I-13 Grants and similar amounts paid$20,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,297,528$3,509,281
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,952,156$1,956,326
I-18 Total expensesPrior year $5,249,684$5,485,607
I-19 Revenue less expensesPrior year $211,613$547,921
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,033,528 across 6 lines filed
VIII-1c Fundraising events$42,544
VIII-1f All other contributions, gifts and grants$128,497
VIII-1h Total contributions, gifts and grants$171,041
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,276,853$5,276,853
VIII-3 Investment incomeRelated to mission $419,800 · Excluded from tax $165,834$585,634
VIII-12 Total revenueRelated to mission $5,696,653 · Excluded from tax $165,834$6,033,528
Part IX · Statement of functional expenses $5,485,607 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $20,000$20,000
IX-7 Other salaries and wagesPrograms $2,460,031 · Management $456,935 · Fundraising $30,994$2,947,960
IX-9 Other employee benefitsPrograms $250,900 · Management $53,761 · Fundraising $13,222$317,883
IX-10 Payroll taxesPrograms $182,891 · Management $58,641 · Fundraising $1,906$243,438
IX-11a Management feesPrograms $3,871 · Management $746 · Fundraising $47$4,664
IX-11c Accounting feesManagement $44,266$44,266
IX-11f Investment management feesManagement $39,588$39,588
IX-11g Other fees for servicesPrograms $567,383 · Management $370,574$937,957
IX-13 Office expensesPrograms $14,246 · Management $92,854 · Fundraising $228$107,328
IX-16 OccupancyPrograms $183,829 · Management $36,663 · Fundraising $2,975$223,467
IX-22 Depreciation, depletion and amortizationPrograms $253,288 · Management $49,919 · Fundraising $4,044$307,251
IX-23 InsurancePrograms $43,051 · Management $8,485 · Fundraising $687$52,223
IX-24 Other expenses (24a–d)Programs $112,961 · Management $50,838 · Fundraising $70,326$234,125
IX-24e All other expensesPrograms $5,457$5,457
IX-25 Total functional expensesPrograms $4,097,908 · Management $1,263,270 · Fundraising $124,429$5,485,607
Part X · Balance sheet $13,054,828 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $726,076$2,685,174
X-4 Accounts receivableStart of year $235,103$192,504
X-9 Prepaid expenses and deferred chargesStart of year $15,958$26,310
X-10c Land, buildings and equipment, netStart of year $2,913,130$2,883,020
X-11 Publicly traded securitiesStart of year $6,568,204$7,252,828
X-15 Other assetsStart of year $19,073$14,992
X-16 Total assetsStart of year $12,121,312$13,054,828
X-17 Accounts payable and accrued expensesStart of year $368,995$196,212
X-26 Total liabilitiesStart of year $368,995$196,212
X-27 Net assets without donor restrictionsStart of year $11,723,884$12,817,625
X-28 Net assets with donor restrictionsStart of year $28,433$40,991
X-32 Total net assets or fund balancesStart of year $11,752,317$12,858,616
X-33 Total liabilities and net assetsStart of year $12,121,312$13,054,828
Part XI · Reconciliation of net assets $12,858,616 net assets at year end
XI-1 Total revenue$6,033,528
XI-2 Total expenses$5,485,607
XI-3 Revenue less expenses$547,921
XI-4 Net assets at start of year$11,752,317
XI-5 Net unrealized gains (losses) on investments$558,378
XI-10 Net assets at end of year$12,858,616

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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