Whitestone Academy INC EIN 11-3179475 Form 990 (PDF) Claim this org

Whitestone Academy INC

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Educates students in grades 7-12 according to New York State guidelines. For fiscal year 2025 it reported $864K in revenue, $712K in expenses, and $338K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Whitestone, NY
Filings
6 on file (2020–2025)
Revenue
$864KFY2025
Expenses
$712K
Net assets
$338K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  11-3179475 Public charity (501(c)(3)) Whitestone, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Educates students in grades 7-12 according to New York State guidelines.
Leadership
Francis Ottaviano · Principal Treasurer
Money in and out
$864K revenue, $712K expenses
Bottom line
79% program efficiency
Where the money goes · FY2025
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$712K
Pt IX · Ln 25
Net assets
$338K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $152K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▲ +155% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ +162% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$864K
FY2025▲ +27%
Expenses
$712K
FY2025▼ -18%
Total assets
$338K
FY2025▲ +81%
Total liabilities
$0
FY2025
Total revenue
$864K
Pt VIII · Ln 12
Total expenses
$712K
Pt IX · Ln 25
Net assets
$338K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$152K
Total assetsPt X · Ln 16$338K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWhitestone Academy INC
EINHdr · item D11-3179475
Principal addressHdr · item CWhitestone, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Principal Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $563K of program spending, described in the organization's own filed words · FY2024.
01

Instruct grades 7 to 12 per nys guidelines of department of education

$563Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$864K
Total revenueLn 12$864K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$563K
Management & general21%$149K
Total functional expensesLn 25$712K

Balance Sheet

Part X · end of year
CashLn 1$302K
Total assetsLn 16$338K
Total liabilitiesLn 26$0
Total net assetsLn 32$338K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $302K · Operating expenses/yr $712K
5.1 months
Where the money goes
Program services
Program services $563K · Total expenses $712K
79%
Management & General
Management & general $149K · Total expenses $712K
21%
Fundraising
Fundraising $0 · Total expenses $712K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $864K
0%
Government reliance
Government grants — · Total revenue $864K
Earned-income share
Program service revenue $864K · Total revenue $864K
100%
Investment reliance
Investment income $0 · Total revenue $864K
0%
Program self-sufficiency
Program service revenue $864K · Total expenses $712K
121%
Growth & trend
Revenue growth (YoY)
This year $864K · Prior year $678K
+27%
Revenue CAGR
FY2019 $890K · FY2024 $864K
-0.6%
Net-asset trend (YoY)
End of year $338K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $864K · Expenses $712K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $338K
Net-asset ratio
Net assets $338K · Total assets $338K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $338K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Francis Ottaviano · Reported title PRINCIPAL TREASURER · Highest reported compensation $0 · Total expenses $712K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $435K · Total expenses $712K
61%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Revenue growth 27%
Investment management fee ratio 0%
Legal fee ratio 0.06%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$70K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$864K revenue · viewing · ⤓ 990 PDF
FY2024$678K revenue · ⤓ 990 PDF
FY2023$865K revenue · ⤓ 990 PDF
FY2022$962K revenue · ⤓ 990 PDF
FY2021$577K revenue · ⤓ 990 PDF
FY2020$890K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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