St. Sava Academy is a private pre-school through eighth-grade elementary school. The mission of St. Sava Academy is to provide its students with a challenging and innovative education program that will guide them through life as respectful, resourceful, and active participants in our society.

501(c)(3) charity; gifts are tax-deductible.
88¢ 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 6
filings with a surplus
Average surplus $190K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $360K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$19K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-6% vs prior year
Spent
$1.2M
To programs
88%
Net assets
$675K
By yearFY2020–FY2025
Revenue
$1.2M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$700K
FY2021$800K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M
FY2025$2.2M
Expenses
$1.2M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$617K
FY2021$678K
FY2022$933K
FY2023$1.1M
FY2024$1.2M
FY2025$1.5M
Net assets
$675K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$172K
FY2021$297K
FY2022$588K
FY2023$716K
FY2024$675K
FY2025$1.6M

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. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2011.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.1M Management & general 8% · $102K Fundraising 3% · $40K

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

8 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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dragan Arsic’s $62K as Principal is at the 10th percentile of top reported officer pay among 3395 $1–10M 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.

See St Sava Academy 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

Educates children from preschool through eighth grade, fostering respectful and resourceful citizens.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2023
01

Parochial school education with grades from pre-school to eighth.

$1.1Mprogram expense
02

ST. Sava academy provided additional extracurricular activities and educational opportunities for further student development outside of the regular school hours.

$9Kprogram 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 1 funder$360K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$982K
Other incomeLn 4–11$145K
Gifts and grantsLn 1h$34K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$102K
Fundraisingcol D$40K
Owns and owesPt X
$675K
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$694K
LiabilitiesLn 26$19K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$982K
Investment incomeLn 3$11
Other incomeLn 4–11$145K
Gains on assetsLn 7$1
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$498K
SavingsLn 2$98K
Cash and savings togetherLn 1–2$596K
Land, buildings, equipmentLn 10c$16K
Other assetsLn 15$12K
Total assetsLn 16$694K
LiabilitiesLn 26$19K
Net assetsLn 32$675K
OperationsPt I, VI
EmployeesI 525
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$593K$596K
Land, buildings, equipmentLn 10c$6K$16K
Total assetsLn 16$722K$694K
LiabilitiesLn 26$7K$19K
Net assetsLn 32$716K$675K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$717K$655K$62K
Other employee benefitsLn 9$20K$20K
Payroll taxesLn 10$62K$62K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$99K$59K$40K
Office expensesLn 13$22K$22K
OccupancyLn 16$147K$147K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$109K$109K
All other expensesLn 24e$500$500
Total functional expensesLn 25$1.2M$1.1M$102K$40K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 28, 2026 $2.2M$1.5M$656K$1.6M 990 PDF
FY2024 ViewingFiled with the IRS May 3, 2025 $1.2M$1.2M−$40K$675K 990 PDF
FY2023Filed with the IRS Apr 30, 2024 $1.2M$1.1M$128K$716K 990 PDF
FY2022Filed with the IRS Feb 19, 2024 $1.1M$933K$193K$588K 990 PDF
FY2021Filed with the IRS Jun 1, 2022 $800K$678K$122K$297K 990 PDF
FY2020Filed with the IRS May 17, 2021 $700K$617K$83K$172K 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 $1,161,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,230$34,023
I-9 Program service revenuePrior year $1,100,137$981,901
I-10 Investment incomePrior year −$3,607$11
I-11 Other revenuePrior year $101,468$145,134
I-12 Total revenuePrior year $1,232,228$1,161,069
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $799,180$798,794
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $305,107$402,598
I-18 Total expensesPrior year $1,104,287$1,201,392
I-19 Revenue less expensesPrior year $127,941−$40,323
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,161,069 across 8 lines filed
VIII-1f All other contributions, gifts and grants$34,023
VIII-1h Total contributions, gifts and grants$34,023
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $981,901$981,901
VIII-3 Investment incomeExcluded from tax $10$10
VIII-7 Net gain or loss on sales of assetsRelated to mission $1$1
VIII-8 Net income from fundraising eventsExcluded from tax $104,184$104,184
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $40,950$40,950
VIII-12 Total revenueRelated to mission $1,022,852 · Excluded from tax $104,194$1,161,069
Part IX · Statement of functional expenses $1,201,392 across 11 lines filed
IX-7 Other salaries and wagesPrograms $655,377 · Management $61,800$717,177
IX-9 Other employee benefitsPrograms $19,873$19,873
IX-10 Payroll taxesPrograms $61,744$61,744
IX-11c Accounting feesManagement $18,000$18,000
IX-11g Other fees for servicesPrograms $58,560 · Fundraising $40,091$98,651
IX-13 Office expensesManagement $22,062$22,062
IX-16 OccupancyPrograms $147,161$147,161
IX-22 Depreciation, depletion and amortizationPrograms $2,254$2,254
IX-23 InsurancePrograms $4,953$4,953
IX-24 Other expenses (24a–d)Programs $109,017$109,017
IX-24e All other expensesPrograms $500$500
IX-25 Total functional expensesPrograms $1,059,439 · Management $101,862 · Fundraising $40,091$1,201,392
Part X · Balance sheet $693,688 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $495,173$497,876
X-2 Savings and temporary cash investmentsStart of year $97,788$97,798
X-4 Accounts receivableStart of year $110,916$70,335
X-10c Land, buildings and equipment, netStart of year $6,259$15,679
X-15 Other assets$12,000
X-16 Total assetsStart of year $722,286$693,688
X-17 Accounts payable and accrued expensesStart of year $6,650$4,819
X-19 Deferred revenue$12,860
X-25 Other liabilities$836
X-26 Total liabilitiesStart of year $6,650$18,515
X-32 Total net assets or fund balancesStart of year $715,636$675,173
X-33 Total liabilities and net assetsStart of year $722,286$693,688
Part XI · Reconciliation of net assets $675,173 net assets at year end
XI-1 Total revenue$1,161,069
XI-2 Total expenses$1,201,392
XI-3 Revenue less expenses−$40,323
XI-4 Net assets at start of year$715,636
XI-8 Prior period adjustments−$140
XI-10 Net assets at end of year$675,173

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

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