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Anchor Academy INC FY2023 filing

Tax-deductible

Norwalk, CT501(c)(3)Education EIN 20-3300692Revenue $1.1M in FY2023

On file with the IRSreginapacisacademy.comPo Box 774, 06852-0774 · Norwalk, CTTax-exempt since Nov 2007School — 170(b)(1)(A)(ii)

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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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 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
$78K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+57% vs prior year
Spent
$970K
To programs
99%
Net assets
$359K
By yearFY2021–FY2025
Revenue
$1.1M
FY2023▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2021$655K
FY2022$677K
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M
Expenses
$970K
FY2023▲ +50%
Tap a bar for its year
Expenses by fiscal year
FY2021$549K
FY2022$645K
FY2023$970K
FY2024$1.1M
FY2025$1.1M
Net assets
$359K
FY2023▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2021$228K
FY2022$260K
FY2023$359K
FY2024$377K
FY2025$449K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

99 cents of each dollar spent went to programs.

Program services 99% · $959K Management & general 1% · $11K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Steven Tafuro
Vice - Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Anchor Academy INC 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

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

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Provided by the organization

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1 program · $959K · in their own filed words · FY2022
01

Providing 82 students K-8TH grade a roman catholic classical education taught by teachers loyal to the magisterium.

$959Kprogram 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
National Philanthropic TrustFY2024$36K
Vanguard Charitable Endowment ProgramFY2024$13K
Donor Advised Charitable Giving INCFY2024$9K
Total grants receivedfrom 3 funders$58K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$634K
Gifts and grantsLn 1h$370K
Other incomeLn 4–11$50K
Money outPt IX
$970K
Ln 25
Programscol B$959K
Managementcol C$11K
Owns and owesPt X
$359K
net assets · Ln 32
Cash and savingsLn 1–2$379K
Total assetsLn 16$437K
LiabilitiesLn 26$78K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$370K
Government grantsLn 1e$30K
Fundraising eventsLn 1c$185K
Fees for servicesLn 2g$634K
Investment incomeLn 3$6K
Other incomeLn 4–11$50K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$334K
Cash and savings togetherLn 1–2$379K
Land, buildings, equipmentLn 10c$58K
Total assetsLn 16$437K
LiabilitiesLn 26$78K
Net assetsLn 32$359K
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 FY23End FY23
Cash and savingsLn 1–2$327K$379K
Land, buildings, equipmentLn 10c$20K$58K
Total assetsLn 16$347K$437K
LiabilitiesLn 26$88K$78K
Net assetsLn 32$260K$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$652K$652K
Payroll taxesLn 10$55K$55K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$45K$45K
Office expensesLn 13$9K$9K
Information technologyLn 14$5K$5K
OccupancyLn 16$113K$113K
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$70K$70K
Total functional expensesLn 25$970K$959K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.1M$72K$449K 990 PDF
FY2024 $1.1M$1.1M$17K$377K 990 PDF
FY2023 Viewing $1.1M$970K$90K$359K 990 PDF
FY2022 $677K$645K$32K$260K 990 PDF
FY2021 $655K$549K$106K$228K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,059,581 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $287,252$369,899
I-9 Program service revenuePrior year $392,613$633,935
I-10 Investment incomePrior year $0$5,905
I-11 Other revenuePrior year −$3,297$49,842
I-12 Total revenuePrior year $676,568$1,059,581
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 $456,266$707,013
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $188,473$262,952
I-18 Total expensesPrior year $644,739$969,965
I-19 Revenue less expensesPrior year $31,829$89,616
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $1,059,581 across 8 lines filed
VIII-1c Fundraising events$184,950
VIII-1e Government grants$30,000
VIII-1f All other contributions, gifts and grants$154,949
VIII-1h Total contributions, gifts and grants$369,899
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $633,935$633,935
VIII-3 Investment incomeExcluded from tax $5,905$5,905
VIII-8 Net income from fundraising eventsExcluded from tax $49,842$49,842
VIII-12 Total revenueRelated to mission $633,935 · Unrelated business $0 · Excluded from tax $55,747$1,059,581
Part IX · Statement of functional expenses $969,965 across 10 lines filed
IX-7 Other salaries and wagesPrograms $652,408$652,408
IX-10 Payroll taxesPrograms $54,605$54,605
IX-11c Accounting feesPrograms $1,200$1,200
IX-12 Advertising and promotionPrograms $44,650$44,650
IX-13 Office expensesPrograms $9,119$9,119
IX-14 Information technologyPrograms $5,270$5,270
IX-16 OccupancyPrograms $112,989$112,989
IX-22 Depreciation, depletion and amortizationManagement $10,578$10,578
IX-23 InsurancePrograms $8,899$8,899
IX-24 Other expenses (24a–d)Programs $70,247$70,247
IX-25 Total functional expensesPrograms $959,387 · Management $10,578 · Fundraising $0$969,965
Part X · Balance sheet $437,045 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $134,294$44,994
X-2 Savings and temporary cash investmentsStart of year $193,039$334,289
X-10c Land, buildings and equipment, netStart of year $20,084$57,762
X-16 Total assetsStart of year $347,417$437,045
X-19 Deferred revenueStart of year $87,657$77,699
X-26 Total liabilitiesStart of year $87,657$77,699
X-27 Net assets without donor restrictionsStart of year $259,760$359,346
X-32 Total net assets or fund balancesStart of year $259,760$359,346
X-33 Total liabilities and net assetsStart of year $347,417$437,045
Part XI · Reconciliation of net assets $359,346 net assets at year end
XI-1 Total revenue$1,059,581
XI-2 Total expenses$969,965
XI-3 Revenue less expenses$89,616
XI-4 Net assets at start of year$259,760
XI-8 Prior period adjustments$9,969
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$359,346

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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