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Tma Properties Foundation INC

Tax-deductible

Oviedo, FL501(c)(3)Foundations & GrantmakersEIN 20-4717769Revenue $262K in FY2025

On file with the IRS1500 Lukas Ln, 32765-6629 · Oviedo, FLTax-exempt since Jun 2026Supporting org, Type I — 509(a)(3)

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Own and operate real property that is used by The Master's Academy of Central Florida, Inc.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 5
filings with a surplus
Average surplus $84K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $207K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$262K
-59% vs prior year
Spent
$1.0M
To programs
95%
Net assets
$22.4M
By yearFY2021–FY2025
Revenue
$262K
FY2025▼ -59%
Tap a bar for its year
Revenue by fiscal year
FY2021$623K
FY2022$1.6M
FY2023$2.0M
FY2024$640K
FY2025$262K
Expenses
$1.0M
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$756K
FY2022$829K
FY2023$859K
FY2024$1.2M
FY2025$1.0M
Net assets
$22.4M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$21.8M
FY2022$22.5M
FY2023$23.7M
FY2024$23.1M
FY2025$22.4M

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2026.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $956K Management & general 5% · $51K

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 (FY2024); the FY2025 filing did not itemize Part VII
Dr Timothy Pursley
Chairman/Director
$0Pt VII · Sec A
Yiqiang Dennis Wen
Treasurer/Director
$0Pt VII · Sec A
Dr Bradley Jahnke
Secretary/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Dr William Harris
Former President
$0Pt VII · Sec A
See Tma Properties Foundation 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 15aNo

Programs and updates

Owns and operates property for The Master's Academy of Central Florida.

Questions for Tma Properties Foundation INC

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Provided by the organization

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1 program · $956K · in their own filed words · FY2024
01

The Organization holds real property that is used by The Master's Academy of Central Florida for use in its religious, charitable, and educational purposes.

$956Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
The Masters Academy of Central Florida INCFY2024$115K
Tma Heritage Foundation INCFY2024$92K
Total grants receivedfrom 2 funders$207K
Grants paid · 2 grants · $294K · 2021–2023
The Masters Academy of Central Florida INCFL · FY2023$265,000
The Masters Academy of Central Florida INCFL · FY2021$29,231

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$262K
Ln 12
Gifts and grantsLn 1h$207K
Other incomeLn 4–11$30K
Investment incomeLn 3$25K
Money outPt IX
$1.0M
Ln 25
Programscol B$956K
Managementcol C$51K
Owns and owesPt X
$22.4M
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$22.4M
LiabilitiesLn 26$7K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Investment incomeLn 3$25K
Other incomeLn 4–11$30K
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$22.0M
Total assetsLn 16$22.4M
LiabilitiesLn 26$7K
Net assetsLn 32$22.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY25End FY25
Cash and savingsLn 1–2$46K$41K
Land, buildings, equipmentLn 10c$22.7M$22.0M
Total assetsLn 16$23.2M$22.4M
LiabilitiesLn 26$64K$7K
Net assetsLn 32$23.1M$22.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$316$316
Depreciation, depletion and amortizationLn 22$1.0M$956K$50K
Total functional expensesLn 25$1.0M$956K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $262K$1.0M−$746K$22.4M 990 PDF
FY2024 $640K$1.2M−$577K$23.1M 990 PDF
FY2023 $2.0M$859K$1.1M$23.7M 990 PDF
FY2022 $1.6M$829K$747K$22.5M 990 PDF
FY2021 $623K$756K−$132K$21.8M 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 FY2025 990 (6 parts)
Part I · Summary $261,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $586,085$206,937
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $25,804$24,542
I-11 Other revenuePrior year $28,197$30,070
I-12 Total revenuePrior year $640,086$261,549
I-13 Grants and similar amounts paidPrior year $265,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $951,628$1,007,063
I-18 Total expensesPrior year $1,216,628$1,007,063
I-19 Revenue less expensesPrior year −$576,542−$745,514
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $261,549 across 6 lines filed
VIII-1d Related organizations$206,937
VIII-1h Total contributions, gifts and grants$206,937
VIII-3 Investment incomeExcluded from tax $24,542$24,542
VIII-6 Net rental income or lossExcluded from tax $6,469$6,469
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,601$23,601
VIII-12 Total revenueRelated to mission $23,601 · Unrelated business $0 · Excluded from tax $31,011$261,549
Part IX · Statement of functional expenses $1,007,063 across 2 lines filed
IX-13 Office expensesManagement $316$316
IX-22 Depreciation, depletion and amortizationPrograms $956,410 · Management $50,337$1,006,747
IX-25 Total functional expensesPrograms $956,410 · Management $50,653 · Fundraising $0$1,007,063
Part X · Balance sheet $22,357,547 assets, 9 lines filed
Asset lines not itemized here account for $356,635; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $46,495$41,145
X-4 Accounts receivable$5,613
X-10c Land, buildings and equipment, netStart of year $22,738,036$21,954,154
X-16 Total assetsStart of year $23,160,380$22,357,547
X-17 Accounts payable and accrued expensesStart of year $63,834$6,515
X-26 Total liabilitiesStart of year $63,834$6,515
X-27 Net assets without donor restrictionsStart of year $23,096,546$22,351,032
X-32 Total net assets or fund balancesStart of year $23,096,546$22,351,032
X-33 Total liabilities and net assetsStart of year $23,160,380$22,357,547
Part XI · Reconciliation of net assets $22,351,032 net assets at year end
XI-1 Total revenue$261,549
XI-2 Total expenses$1,007,063
XI-3 Revenue less expenses−$745,514
XI-4 Net assets at start of year$23,096,546
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$22,351,032

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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