Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Dec 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
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
2 people listed on the 990; $53K paid to officers and key staff.
Lois Bias’s $25K as Officer is at the 19th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Lois Bias | $25,200 | $28,800 | $8,004 |
| Ellis Bias | $21,000 | $24,000 | $6,583 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Nourishes children's minds, spirits, and social growth through excellent academics in a loving, safe environment.
Questions for Precious Blessings Academy
Your first name shows with your question. Precious Blessings Academy answers here, for everyone.
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Accomplish our mission of providing academic instruction
By the numbers
The FY2021 990, line by line.
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| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $148K | $356K |
| Total assetsLn 16 | $148K | $356K |
| LiabilitiesLn 26 | $110K | $471K |
| Net assetsLn 32 | $39K | −$115K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $53K | $53K | ||
| Other salaries and wagesLn 7 | $53K | $53K | ||
| Payroll taxesLn 10 | $8K | $8K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Advertising and promotionLn 12 | $9K | $9K | ||
| Office expensesLn 13 | $15K | $15K | ||
| OccupancyLn 16 | $23K | $23K | ||
| TravelLn 17 | $2K | $2K | ||
| InterestLn 20 | $3K | $3K | ||
| InsuranceLn 23 | $9K | $9K | ||
| Other expenses (24a–d)Ln 24 | $276K | $276K | ||
| All other expensesLn 24e | $19K | $11K | $8K | |
| Total functional expensesLn 25 | $471K | $459K | $12K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest | $234K | $368K | −$134K | −$249K | 990 PDF |
| FY2021 Viewing | $318K | $471K | −$153K | −$115K | 990 PDF |
| FY2020 | $256K | $221K | $35K | $39K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $317,853 revenue, 12 lines filed
Part VI · Governance 4 to look at
Part VIII · Statement of revenue $317,853 across 4 lines filed
Part IX · Statement of functional expenses $471,335 across 12 lines filed
Part X · Balance sheet $356,144 assets, 7 lines filed
Part XI · Reconciliation of net assets −$114,973 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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