Anchor Academy INC FY2022 filing

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To provide an education that is both apostolic and classic for grades k-8th grade.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 5
filings with a surplus
Average surplus $63K a year · 7% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $58K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$88K
25% of total assets
Looks good: liabilities are 25% 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
$677K
+3% vs prior year
Spent
$645K
To programs
93%
Net assets
$260K
By yearFY2021–FY2025
Revenue
$677K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2021$655K
FY2022$677K
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M
Expenses
$645K
FY2022▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$549K
FY2022$645K
FY2023$970K
FY2024$1.1M
FY2025$1.1M
Net assets
$260K
FY2022▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2021$228K
FY2022$260K
FY2023$359K
FY2024$377K
FY2025$449K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2007.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $601K Management & general 4% · $26K Fundraising 3% · $17K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Vice - Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Anchor 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

Educates K-8th graders with apostolic and classic learning.

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1 program · $601K · in their own filed words · FY2021
01

Providing 82 students K-8th grade a Roman Catholic classical education taught by teachers loyal to the Magisterium.

$601Kprogram 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 · FY2024
Total grants receivedfrom 3 funders$58K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$677K
Ln 12
Fees for servicesLn 2g$393K
Gifts and grantsLn 1h$287K
Money outPt IX
$645K
Ln 25
Programscol B$601K
Managementcol C$26K
Fundraisingcol D$17K
Owns and owesPt X
$260K
net assets · Ln 32
Cash and savingsLn 1–2$327K
Total assetsLn 16$347K
LiabilitiesLn 26$88K
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$287K
Government grantsLn 1e$1K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$162K
Fees for servicesLn 2g$393K
Total revenueLn 12$677K
Assets in detailPt X, end of year
CashLn 1$134K
SavingsLn 2$193K
Cash and savings togetherLn 1–2$327K
Land, buildings, equipmentLn 10c$20K
Total assetsLn 16$347K
LiabilitiesLn 26$88K
Net assetsLn 32$260K
OperationsPt I, VI
EmployeesI 526
VolunteersI 67
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$258K$327K
Land, buildings, equipmentLn 10c$26K$20K
Total assetsLn 16$291K$347K
LiabilitiesLn 26$63K$88K
Net assetsLn 32$228K$260K
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
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$419K$381K$22K$16K
Payroll taxesLn 10$37K$33K$2K$1K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$8K$8K
Information technologyLn 14$5K$5K
OccupancyLn 16$97K$97K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$36K$36K$0$0
Total functional expensesLn 25$645K$601K$26K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 12, 2025 $1.2M$1.1M$72K$449K 990 PDF
FY2024Filed with the IRS Dec 3, 2024 $1.1M$1.1M$17K$377K 990 PDF
FY2023Filed with the IRS May 3, 2024 $1.1M$970K$90K$359K 990 PDF
FY2022 ViewingFiled with the IRS Nov 11, 2022 $677K$645K$32K$260K 990 PDF
FY2021Filed with the IRS Aug 18, 2022 $655K$549K$106K$228K 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 FY2022 990 (6 parts)
Part I · Summary $676,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $325,867$287,252
I-9 Program service revenuePrior year $333,424$392,613
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$3,947−$3,297
I-12 Total revenuePrior year $655,344$676,568
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $396,686$456,266
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $152,373$188,473
I-18 Total expensesPrior year $549,059$644,739
I-19 Revenue less expensesPrior year $106,285$31,829
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $676,568 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$161,544
VIII-1d Related organizations$0
VIII-1e Government grants$1,163
VIII-1f All other contributions, gifts and grants$124,545
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$287,252
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $392,613 · Unrelated business $0 · Excluded from tax $0$392,613
VIII-8 Net income from fundraising eventsUnrelated business −$3,297 · Excluded from tax $0−$3,297
VIII-12 Total revenueRelated to mission $392,613 · Unrelated business −$3,297 · Excluded from tax $0$676,568
Part IX · Statement of functional expenses $644,739 across 16 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$0
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $381,251 · Management $22,000 · Fundraising $16,000$419,251
IX-10 Payroll taxesPrograms $33,460 · Management $2,145 · Fundraising $1,410$37,015
IX-11c Accounting feesManagement $2,000$2,000
IX-12 Advertising and promotionPrograms $27,298$27,298
IX-13 Office expensesPrograms $7,948$7,948
IX-14 Information technologyPrograms $4,708$4,708
IX-16 OccupancyPrograms $96,971$96,971
IX-22 Depreciation, depletion and amortizationPrograms $6,001$6,001
IX-23 InsurancePrograms $7,688$7,688
IX-24 Other expenses (24a–d)Programs $35,859 · Management $0 · Fundraising $0$35,859
IX-25 Total functional expensesPrograms $601,184 · Management $26,145 · Fundraising $17,410$644,739
Part X · Balance sheet $347,417 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $56,810$134,294
X-2 Savings and temporary cash investmentsStart of year $201,205$193,039
X-10c Land, buildings and equipment, netStart of year $26,085$20,084
X-16 Total assetsStart of year $291,100$347,417
X-19 Deferred revenueStart of year $63,169$87,657
X-26 Total liabilitiesStart of year $63,169$87,657
X-27 Net assets without donor restrictionsStart of year $227,931$259,760
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $227,931$259,760
X-33 Total liabilities and net assetsStart of year $291,100$347,417
Part XI · Reconciliation of net assets $259,760 net assets at year end
XI-1 Total revenue$676,568
XI-2 Total expenses$644,739
XI-3 Revenue less expenses$31,829
XI-4 Net assets at start of year$227,931
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$259,760

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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