Early Light Academy: FY2020 Nonprofit Profile & Form 990 (EIN 26-2722827)

Revenue by fiscal year
FY2020	$8.4M
FY2021	$8.8M
FY2022	$9.5M
FY2023	$10.3M
FY2024	$11.5M
FY2025	$12.3M

Expenses by fiscal year
FY2020	$7.9M
FY2021	$8.5M
FY2022	$9.8M
FY2023	$10.3M
FY2024	$11.3M
FY2025	$11.7M

Net assets by fiscal year
FY2020	−$885K
FY2021	−$1.1M
FY2022	−$1.4M
FY2023	−$1.5M
FY2024	−$1.3M
FY2025	−$712K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2010.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $7.0M Management & general 12% · $965K

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 (FY2019); the FY2020 filing did not itemize Part VII

Candice Mitchell

Board Member

$0Pt VII · Sec A

Eric Montague

Board President

$0Pt VII · Sec A

David Bourne

Board Member

$0Pt VII · Sec A

Andrea Johnson

Board Member

$0Pt VII · Sec A

Jenn Lund

Board Member

$0Pt VII · Sec A

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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 students in kindergarten through ninth grade.

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Provided by the organization

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1 program · $7.0M · in their own filed words · FY2019

01

The education of students grades k-9; with students enrolled with an emphasis in history. A ratio of 26 students per teacher is also maintained.

$7.0Mprogram 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 · FY2023

Amazonsmile FoundationFY2023$412

Total grants receivedfrom 1 funder$412

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$8.4M

Ln 12

Gifts and grantsLn 1h$8.1M

Fees for servicesLn 2g$199K

Investment incomeLn 3$66K

Money outPt IX

$7.9M

Ln 25

Programscol B$7.0M

Managementcol C$965K

Owns and owesPt X

−$885K

net assets · Ln 32

Cash and savingsLn 1–2$5.0M

Total assetsLn 16$20.8M

LiabilitiesLn 26$21.7M

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$8.1M

Government grantsLn 1e$8.1M

Fees for servicesLn 2g$199K

Investment incomeLn 3$66K

Total revenueLn 12$8.4M

Assets in detailPt X, end of year

CashLn 1$2.4M

SavingsLn 2$2.6M

Cash and savings togetherLn 1–2$5.0M

Land, buildings, equipmentLn 10c$15.5M

Total assetsLn 16$20.8M

LiabilitiesLn 26$21.7M

Net assetsLn 32−$885K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$5.4M	$5.0M
Land, buildings, equipmentLn 10c	$15.4M	$15.5M
Total assetsLn 16	$20.9M	$20.8M
LiabilitiesLn 26	$22.2M	$21.7M
Net assetsLn 32	−$1.3M	−$885K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$435K	$44K	$391K
Other fees for servicesLn 11g	$204K	$204K
Information technologyLn 14	$40K	$10K	$30K
TravelLn 17	$1K	$99	$1K
InterestLn 20	$1.1M	$1.1M
Depreciation, depletion and amortizationLn 22	$500K	$500K
InsuranceLn 23	$38K	$1K	$37K
Other expenses (24a–d)Ln 24	$5.1M	$4.6M	$486K
All other expensesLn 24e	$569K	$549K	$20K
Total functional expensesLn 25	$7.9M	$7.0M	$965K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$12.3M	$11.7M	$548K	−$712K	990 PDF
FY2024	$11.5M	$11.3M	$193K	−$1.3M	990 PDF
FY2023	$10.3M	$10.3M	−$45K	−$1.5M	990 PDF
FY2022	$9.5M	$9.8M	−$319K	−$1.4M	990 PDF
FY2021	$8.8M	$8.5M	$274K	−$1.1M	990 PDF
FY2020 Viewing	$8.4M	$7.9M	$433K	−$885K	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 FY2020 990 (6 parts)

Part I · Summary $8,383,081 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $7,720,037$8,117,819

I-9 Program service revenuePrior year $295,723$199,283

I-10 Investment incomePrior year $112,995$65,979

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $8,128,755$8,383,081

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 $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $7,926,303$7,949,986

I-18 Total expensesPrior year $7,926,303$7,949,986

I-19 Revenue less expensesPrior year $202,452$433,095

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $8,383,081 across 5 lines filed

VIII-1e Government grants$8,117,819

VIII-1h Total contributions, gifts and grants$8,117,819

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $199,283$199,283

VIII-3 Investment incomeRelated to mission $65,979$65,979

VIII-12 Total revenueRelated to mission $265,262 · Unrelated business $0 · Excluded from tax $0$8,383,081

Part IX · Statement of functional expenses $7,949,986 across 9 lines filed

IX-11a Management feesPrograms $44,404 · Management $390,550$434,954

IX-11g Other fees for servicesPrograms $203,537$203,537

IX-14 Information technologyPrograms $10,074 · Management $30,321$40,395

IX-17 TravelPrograms $99 · Management $1,307$1,406

IX-20 InterestPrograms $1,105,219$1,105,219

IX-22 Depreciation, depletion and amortizationPrograms $499,647$499,647

IX-23 InsurancePrograms $1,138 · Management $36,629$37,767

IX-24 Other expenses (24a–d)Programs $4,571,836 · Management $486,410$5,058,246

IX-24e All other expensesPrograms $548,819 · Management $19,996$568,815

IX-25 Total functional expensesPrograms $6,984,773 · Management $965,213 · Fundraising $0$7,949,986

Part X · Balance sheet $20,790,561 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $1,896,458$2,376,135

X-2 Savings and temporary cash investmentsStart of year $3,528,799$2,645,858

X-4 Accounts receivableStart of year $92,950$171,927

X-9 Prepaid expenses and deferred charges$51,657

X-10c Land, buildings and equipment, netStart of year $15,380,601$15,544,984

X-16 Total assetsStart of year $20,898,808$20,790,561

X-17 Accounts payable and accrued expensesStart of year $1,320,059$1,065,718

X-20 Tax-exempt bond liabilitiesStart of year $20,874,092$20,606,576

X-24 Unsecured notes and loans payableStart of year $22,794$3,309

X-26 Total liabilitiesStart of year $22,216,945$21,675,603

X-27 Net assets without donor restrictionsStart of year −$2,090,882−$1,631,292

X-28 Net assets with donor restrictionsStart of year $772,745$746,250

X-32 Total net assets or fund balancesStart of year −$1,318,137−$885,042

X-33 Total liabilities and net assetsStart of year $20,898,808$20,790,561

Part XI · Reconciliation of net assets −$885,042 net assets at year end

XI-1 Total revenue$8,383,081

XI-2 Total expenses$7,949,986

XI-3 Revenue less expenses$433,095

XI-4 Net assets at start of year−$1,318,137

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$885,042

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Early Light Academy FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Early Light Academy

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV