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

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.3 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
$79K
17% of total assets
Looks good: liabilities are 17% 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
+5% vs prior year
Spent
$1.1M
To programs
96%
Net assets
$377K
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$655K
FY2022$677K
FY2023$1.1M
FY2024$1.1M
FY2025$1.2M
Expenses
$1.1M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$549K
FY2022$645K
FY2023$970K
FY2024$1.1M
FY2025$1.1M
Net assets
$377K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2021$228K
FY2022$260K
FY2023$359K
FY2024$377K
FY2025$449K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

96 cents of each dollar spent went to programs.

Program services 96% · $1.1M Management & general 4% · $46K

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 (FY2023); the FY2024 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
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 · $1.1M · in their own filed words · FY2023
01

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

$1.1Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$751K
Other incomeLn 4–11$215K
Gifts and grantsLn 1h$137K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$46K
Owns and owesPt X
$377K
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$456K
LiabilitiesLn 26$79K
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$137K
Fundraising eventsLn 1c$33K
Fees for servicesLn 2g$751K
Investment incomeLn 3$15K
Other incomeLn 4–11$215K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$331K
Cash and savings togetherLn 1–2$398K
Land, buildings, equipmentLn 10c$58K
Total assetsLn 16$456K
LiabilitiesLn 26$79K
Net assetsLn 32$377K
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 FY24End FY24
Cash and savingsLn 1–2$379K$398K
Land, buildings, equipmentLn 10c$58K$58K
Total assetsLn 16$437K$456K
LiabilitiesLn 26$78K$79K
Net assetsLn 32$359K$377K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$703K$703K
Other employee benefitsLn 9$19K$19K
Payroll taxesLn 10$60K$60K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$38K$38K
Office expensesLn 13$31K$31K
Information technologyLn 14$11K$11K
OccupancyLn 16$128K$128K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$44K$44K
Total functional expensesLn 25$1.1M$1.1M$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.1M$72K$449K 990 PDF
FY2024 Viewing $1.1M$1.1M$17K$377K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $1,117,320 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $369,899$136,632
I-9 Program service revenuePrior year $633,935$750,669
I-10 Investment incomePrior year $5,905$15,277
I-11 Other revenuePrior year $49,842$214,742
I-12 Total revenuePrior year $1,059,581$1,117,320
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 $707,013$782,583
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $262,952$317,433
I-18 Total expensesPrior year $969,965$1,100,016
I-19 Revenue less expensesPrior year $89,616$17,304
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 $1,117,320 across 7 lines filed
VIII-1c Fundraising events$32,839
VIII-1f All other contributions, gifts and grants$103,793
VIII-1h Total contributions, gifts and grants$136,632
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $750,669$750,669
VIII-3 Investment incomeExcluded from tax $15,277$15,277
VIII-8 Net income from fundraising eventsExcluded from tax $214,742$214,742
VIII-12 Total revenueRelated to mission $750,669 · Unrelated business $0 · Excluded from tax $230,019$1,117,320
Part IX · Statement of functional expenses $1,100,016 across 12 lines filed
IX-7 Other salaries and wagesPrograms $703,499$703,499
IX-9 Other employee benefitsPrograms $19,053$19,053
IX-10 Payroll taxesPrograms $60,031$60,031
IX-11c Accounting feesPrograms $1,350$1,350
IX-11g Other fees for servicesPrograms $4,732$4,732
IX-12 Advertising and promotionPrograms $38,457$38,457
IX-13 Office expensesPrograms $31,284$31,284
IX-14 Information technologyPrograms $10,681$10,681
IX-16 OccupancyPrograms $128,279$128,279
IX-22 Depreciation, depletion and amortizationManagement $46,398$46,398
IX-23 InsurancePrograms $12,417$12,417
IX-24 Other expenses (24a–d)Programs $43,835$43,835
IX-25 Total functional expensesPrograms $1,053,618 · Management $46,398 · Fundraising $0$1,100,016
Part X · Balance sheet $455,763 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $44,994$66,872
X-2 Savings and temporary cash investmentsStart of year $334,289$331,129
X-10c Land, buildings and equipment, netStart of year $57,762$57,762
X-16 Total assetsStart of year $437,045$455,763
X-19 Deferred revenueStart of year $77,699$79,113
X-26 Total liabilitiesStart of year $77,699$79,113
X-27 Net assets without donor restrictionsStart of year $359,346$376,650
X-32 Total net assets or fund balancesStart of year $359,346$376,650
X-33 Total liabilities and net assetsStart of year $437,045$455,763
Part XI · Reconciliation of net assets $376,650 net assets at year end
XI-1 Total revenue$1,117,320
XI-2 Total expenses$1,100,016
XI-3 Revenue less expenses$17,304
XI-4 Net assets at start of year$359,346
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$376,650

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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