Ivy Academy INC

Tax-deductible

Soddy Daisy, TN501(c)(3)Since 2007EducationEIN 26-1533313

Provide a quality educational program to prepare students to positively influence society & nature.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 100 volunteers and 137 employees.
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
5 of 6
filings with a surplus
Average surplus $341K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 1% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $49K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.8M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
+4% vs prior year
Spent
$7.2M
To programs
94%
Net assets
$2.9M
By yearFY2020–FY2025
Revenue
$7.1M
FY2025▲ +4%
Revenue by fiscal year
FY2020$4.2M
FY2021$4.8M
FY2022$5.1M
FY2023$6.1M
FY2024$6.8M
FY2025$7.1M
Expenses
$7.2M
FY2025▲ +8%
Expenses by fiscal year
FY2020$3.7M
FY2021$4.1M
FY2022$4.9M
FY2023$5.3M
FY2024$6.7M
FY2025$7.2M
Net assets
$2.9M
FY2025▼ -5%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.7M
FY2022$2.2M
FY2023$2.9M
FY2024$3.0M
FY2025$2.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2008.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $6.8M Management & general 5% · $385K Fundraising 1% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $108K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$107,528Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Holly Slater’s $108K as Executive Director is at the 37th percentile of top reported officer pay among 3394 $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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Holly Slater$107,528$97,941$90,307$84,163$77,850$72,062

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.

See Ivy 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

Prepares students with quality education to positively influence society and nature.

Provided by the organization

This section is blank until Ivy Academy INC claims this page.

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1 program service account for $6.8M of program spending, described in the organization's own filed words · FY2024.
01

Public charter school serving grades 6-12.

$6.8Mprogram expense

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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 5 funders$49K
See all 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Fees for servicesLn 2g$6.8M
Gifts and grantsLn 1h$225K
Investment incomeLn 3$27K
Money outPt IX
$7.2M
Ln 25
Programscol B$6.8M
Managementcol C$385K
Fundraisingcol D$48K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$772K
Total assetsLn 16$9.7M
LiabilitiesLn 26$6.8M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Government grantsLn 1e$62K
Fundraising eventsLn 1c$25K
Fees for servicesLn 2g$6.8M
Investment incomeLn 3$27K
Other incomeLn 4–11$20K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$574K
SavingsLn 2$199K
Cash and savings togetherLn 1–2$772K
Land, buildings, equipmentLn 10c$7.3M
Other assetsLn 15$1.2M
Total assetsLn 16$9.7M
LiabilitiesLn 26$6.8M
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 5137
VolunteersI 6100
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$755K$772K
Land, buildings, equipmentLn 10c$7.1M$7.3M
Total assetsLn 16$9.1M$9.7M
LiabilitiesLn 26$6.1M$6.8M
Net assetsLn 32$3.0M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$122K$122K
Other salaries and wagesLn 7$4.1M$4.1M
Pension plan contributionsLn 8$326K$326K
Other employee benefitsLn 9$311K$311K
Payroll taxesLn 10$292K$292K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$81K$33K$48K
Professional fundraising feesLn 11e$48K$48K
Other fees for servicesLn 11g$276K$276K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$23K$23K
Information technologyLn 14$61K$61K
OccupancyLn 16$195K$195K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$33K$33K
InterestLn 20$237K$237K
Depreciation, depletion and amortizationLn 22$258K$258K
InsuranceLn 23$97K$7K$90K
Other expenses (24a–d)Ln 24$672K$672K
All other expensesLn 24e$56K$51K$5K
Total functional expensesLn 25$7.2M$6.8M$385K$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $7.1M$7.2M−$149K$2.9M 990 PDF
FY2024 $6.8M$6.7M$130K$3.0M 990 PDF
FY2023 $6.1M$5.3M$761K$2.9M 990 PDF
FY2022 $5.1M$4.9M$233K$2.2M 990 PDF
FY2021 $4.8M$4.1M$643K$1.7M 990 PDF
FY2020 $4.2M$3.7M$429K$1.0M 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 (4 parts)
Part VIII · Statement of revenue $7,096,380 across 10 lines filed
Lines not itemized here account for $33,990 of total revenue; see the IRS return.
VIII-1a Federated campaigns$23,034
VIII-1c Fundraising events$24,741
VIII-1e Government grants$61,927
VIII-1f All other contributions, gifts and grants$114,852
VIII-1h Total contributions, gifts and grants$224,554
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,790,015$6,790,015
VIII-3 Investment incomeExcluded from tax $27,496$27,496
VIII-8 Net income from fundraising eventsExcluded from tax −$4,514−$4,514
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $24,839$24,839
VIII-12 Total revenueRelated to mission $6,848,844 · Unrelated business $0 · Excluded from tax $22,982$7,096,380
Part IX · Statement of functional expenses $7,245,101 across 20 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $122,242$122,242
IX-7 Other salaries and wagesPrograms $4,146,157$4,146,157
IX-8 Pension plan contributionsPrograms $325,935$325,935
IX-9 Other employee benefitsPrograms $310,683$310,683
IX-10 Payroll taxesPrograms $292,409$292,409
IX-11b Legal feesManagement $4,632$4,632
IX-11c Accounting feesPrograms $33,077 · Management $48,060$81,137
IX-11e Professional fundraising feesFundraising $48,000$48,000
IX-11g Other fees for servicesPrograms $276,259$276,259
IX-12 Advertising and promotionPrograms $3,691$3,691
IX-13 Office expensesPrograms $22,639$22,639
IX-14 Information technologyPrograms $60,637$60,637
IX-16 OccupancyPrograms $195,442$195,442
IX-17 TravelPrograms $3,122$3,122
IX-19 Conferences, conventions and meetingsPrograms $32,574$32,574
IX-20 InterestManagement $237,328$237,328
IX-22 Depreciation, depletion and amortizationPrograms $257,518$257,518
IX-23 InsurancePrograms $6,584 · Management $90,028$96,612
IX-24 Other expenses (24a–d)Programs $671,994$671,994
IX-24e All other expensesPrograms $51,499 · Management $4,591$56,090
IX-25 Total functional expensesPrograms $6,812,462 · Management $384,639 · Fundraising $48,000$7,245,101
Part X · Balance sheet $9,653,578 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $211,508$573,631
X-2 Savings and temporary cash investmentsStart of year $543,312$198,617
X-3 Pledges and grants receivable$255,119
X-4 Accounts receivableStart of year $62,437$61,928
X-9 Prepaid expenses and deferred chargesStart of year $25,000$30,702
X-10c Land, buildings and equipment, netStart of year $7,100,628$7,303,874
X-15 Other assetsStart of year $1,126,670$1,229,707
X-16 Total assetsStart of year $9,069,555$9,653,578
X-17 Accounts payable and accrued expensesStart of year $587,270$978,481
X-25 Other liabilitiesStart of year $139,118$650,305
X-26 Total liabilitiesStart of year $6,065,782$6,798,526
X-27 Net assets without donor restrictionsStart of year $2,263,834$2,052,714
X-28 Net assets with donor restrictionsStart of year $739,939$802,338
X-32 Total net assets or fund balancesStart of year $3,003,773$2,855,052
X-33 Total liabilities and net assetsStart of year $9,069,555$9,653,578
Part XI · Reconciliation of net assets $2,855,052 net assets at year end
XI-1 Total revenue$7,096,380
XI-2 Total expenses$7,245,101
XI-3 Revenue less expenses−$148,721
XI-4 Net assets at start of year$3,003,773
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,855,052

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

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