Sequatchie Valley Preparatory Academy FY2019 filing

Tax-deductible

Dunlap, TN501(c)(3)EducationEIN 13-4214040

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To provide a unique educaiton, with equine emphasis, for the purpose of developing a well-rounded student.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · 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
3 of 7
filings with a surplus
Average surplus $4K a year · 3% of revenue · last 7 filings
Worth a look: a surplus in 3 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $83
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$243K
Spent
$202K
To programs
100%
Net assets
$279K
By yearFY2019–FY2025
Revenue
$243K
FY2019
Revenue by fiscal year
FY2019$243K
FY2020$137K
FY2021$102K
FY2022$190K
FY2023$122K
FY2024$136K
FY2025$115K
Expenses
$202K
FY2019
Expenses by fiscal year
FY2019$202K
FY2020$174K
FY2021$124K
FY2022$134K
FY2023$130K
FY2024$116K
FY2025$134K
Net assets
$279K
FY2019
Net assets by fiscal year
FY2019$279K
FY2020$192K
FY2021$170K
FY2022$144K
FY2023$134K
FY2024$154K
FY2025$135K

From the FY2019 Form 990 (year ending July 2019) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2012-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $202K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bd of Directors
$0Pt VII · Sec A
Bd of Directors
$0Pt VII · Sec A
Bd of Directors
$0Pt VII · Sec A
Bd of Directors
$0Pt VII · Sec A
See Sequatchie Valley Preparatory Academy executive salaries →

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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

Develop well-rounded students through unique equine-focused education.

Provided by the organization

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3 programs · $202K · in their own filed words · FY2018
01

A Unique Education

Students engage in a plethora of extensive hands on training whether they are gifted students or have special learning or behavorial needs. In addition to the dedicated teachers at the school, students are partnered with horses, who become a vital role in their advancement in the field of veterinary medicine and academics, along with…

$111Kprogram expense
02

Animal and Marine Science

SVPA encompasses animal science and animal husbandry in a variety of ways: equine research and development, dairy production, beef production, animal husbandry in sheep,goats and poultry production.

$61Kprogram expense
03

Humanitarian World View

SPVA staff and students use their pre-veterinary, animal science and marine biology skills , along with their business leadership, to train and inspire underprivileged young people in both the U.S. and Central America.

$30Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$83

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$243K
Ln 12
Fees for servicesLn 2g$241K
Gifts and grantsLn 1h$1K
Money outPt IX
$202K
Ln 25
Programscol B$202K
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$281K
LiabilitiesLn 26$2K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$241K
Total revenueLn 12$243K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
Land, buildings, equipmentLn 10c$225K
Total assetsLn 16$281K
LiabilitiesLn 26$2K
Net assetsLn 32$279K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJuly
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 FY19End FY19
Cash and savingsLn 1–2$24K$56K
Land, buildings, equipmentLn 10c$231K$225K
Total assetsLn 16$453K$281K
LiabilitiesLn 26$0$2K
Net assetsLn 32$453K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Legal feesLn 11b$44$44$0$0
Accounting feesLn 11c$2K$2K$0$0
Advertising and promotionLn 12$4K$4K$0$0
Office expensesLn 13$2K$2K$0$0
Depreciation, depletion and amortizationLn 22$15K$15K$0$0
InsuranceLn 23$703$703$0$0
All other expensesLn 24e$179K$179K$0$0
Total functional expensesLn 25$202K$202K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $115K$134K−$19K$135K 990 PDF
FY2024 $136K$116K$20K$154K 990 PDF
FY2023 $122K$130K−$8K$134K 990 PDF
FY2022 $190K$134K$56K$144K 990 PDF
FY2021 $102K$124K−$22K$170K 990 PDF
FY2020 $137K$174K−$37K$192K 990 PDF
FY2019 Viewing $243K$202K$41K$279K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2019 990 (4 parts)
Part VIII · Statement of revenue $242,565 across 3 lines filed
Lines not itemized here account for $241,075 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,490
VIII-1h Total contributions, gifts and grants$1,490
VIII-12 Total revenueRelated to mission $241,075 · Unrelated business $0 · Excluded from tax $0$242,565
Part IX · Statement of functional expenses $202,043 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $44 · Management $0 · Fundraising $0$44
IX-11c Accounting feesPrograms $1,670 · Management $0 · Fundraising $0$1,670
IX-12 Advertising and promotionPrograms $4,184 · Management $0 · Fundraising $0$4,184
IX-13 Office expensesPrograms $1,676 · Management $0 · Fundraising $0$1,676
IX-22 Depreciation, depletion and amortizationPrograms $15,223 · Management $0 · Fundraising $0$15,223
IX-23 InsurancePrograms $703 · Management $0 · Fundraising $0$703
IX-24e All other expensesPrograms $178,543 · Management $0 · Fundraising $0$178,543
IX-25 Total functional expensesPrograms $202,043 · Management $0 · Fundraising $0$202,043
Part X · Balance sheet $280,727 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $23,731$56,172
X-4 Accounts receivableStart of year −$18,500−$250
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $231,017$224,805
X-16 Total assetsStart of year $453,441$280,727
X-17 Accounts payable and accrued expenses$2,179
X-26 Total liabilitiesStart of year $0$2,179
X-32 Total net assets or fund balancesStart of year $453,441$278,548
X-33 Total liabilities and net assetsStart of year $453,441$280,727
Part XI · Reconciliation of net assets $278,548 net assets at year end
XI-1 Total revenue$242,565
XI-2 Total expenses$202,043
XI-3 Revenue less expenses$40,522
XI-4 Net assets at start of year$453,441
XI-10 Net assets at end of year$278,548

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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