Immaculata Classical Academy INC FY2020 filing

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501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$67K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $172K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$67K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$868K
Spent
$760K
To programs
100%
Net assets
$141K
By yearFY2020–FY2025
Revenue
$868K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$868K
FY2021$1.0M
FY2022$3.6M
FY2023$1.1M
FY2023$1.4M
FY2025$2.1M
Expenses
$760K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$760K
FY2021$955K
FY2022$1.2M
FY2023$1.2M
FY2023$1.7M
FY2025$3.7M
Net assets
$141K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$141K
FY2021$88K
FY2022$2.5M
FY2023$2.4M
FY2023$2.1M
FY2025$440K

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $760K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $67K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director/Principal
$66,979Pt VII · Sec A
Vice President/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Justin Fout’s $74K as Director is at the 16th 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.

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

NameFY2023FY2023FY2022FY2021FY2020
Justin Fout$74,087$80,513$65,354$67,500$66,979

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 Immaculata Classical Academy INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides classical education to students, including those with special needs.

Questions for Immaculata Classical Academy INC

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1 program · $760K · in their own filed words · FY2019
01

Provision of education to approximately 200 students for the year, several of whom are with special needs.

$760Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$868K
Ln 12
Fees for servicesLn 2g$589K
Gifts and grantsLn 1h$158K
Other incomeLn 4–11$121K
Money outPt IX
$760K
Ln 25
Programscol B$760K
Owns and owesPt X
$141K
net assets · Ln 32
Cash and savingsLn 1–2$141K
Total assetsLn 16$141K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$158K
Fees for servicesLn 2g$589K
Other incomeLn 4–11$121K
Total revenueLn 12$868K
Assets in detailPt X, end of year
CashLn 1$141K
Cash and savings togetherLn 1–2$141K
Total assetsLn 16$141K
LiabilitiesLn 26$0
Net assetsLn 32$141K
OperationsPt I, VI
EmployeesI 538
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$36K$141K
Total assetsLn 16$36K$141K
LiabilitiesLn 26$3K$0
Net assetsLn 32$32K$141K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$67K$67K
Other salaries and wagesLn 7$691K$691K
Payroll taxesLn 10$58K$58K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$9K$9K
Information technologyLn 14$5K$5K
OccupancyLn 16$43K$43K
Other expenses (24a–d)Ln 24$61K$61K
All other expensesLn 24e−$192K−$192K
Total functional expensesLn 25$760K$760K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 17, 2025 $2.1M$3.7M−$1.7M$440K 990 PDF
FY2024 Not on file
FY2023Filed with the IRS Mar 15, 2024 $1.1M$1.2M−$93K$2.4M 990 PDF
FY2022Filed with the IRS Jan 17, 2023 $3.6M$1.2M$2.4M$2.5M 990 PDF
FY2021Filed with the IRS Apr 15, 2022 $1.0M$955K$84K$88K 990 PDF
FY2020 ViewingFiled with the IRS Apr 14, 2021 $868K$760K$108K$141K 990 PDF

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 $868,013 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $169,470$158,358
I-9 Program service revenuePrior year $630,539$588,793
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $149,475$120,862
I-12 Total revenuePrior year $949,484$868,013
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 $778,012$816,188
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $139,820−$56,474
I-18 Total expensesPrior year $917,832$759,714
I-19 Revenue less expensesPrior year $31,652$108,299
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $868,013 across 5 lines filed
Lines not itemized here account for $73,467 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$158,358
VIII-1h Total contributions, gifts and grants$158,358
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $515,326$515,326
VIII-8 Net income from fundraising eventsExcluded from tax $120,862$120,862
VIII-12 Total revenueRelated to mission $588,793 · Unrelated business $0 · Excluded from tax $120,862$868,013
Part IX · Statement of functional expenses $759,714 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $66,979$66,979
IX-7 Other salaries and wagesPrograms $691,242$691,242
IX-10 Payroll taxesPrograms $57,967$57,967
IX-11g Other fees for servicesPrograms $17,083$17,083
IX-12 Advertising and promotionPrograms $1,036$1,036
IX-13 Office expensesPrograms $9,117$9,117
IX-14 Information technologyPrograms $4,920$4,920
IX-16 OccupancyPrograms $42,821$42,821
IX-24 Other expenses (24a–d)Programs $60,560$60,560
IX-24e All other expensesPrograms −$192,011−$192,011
IX-25 Total functional expensesPrograms $759,714 · Management $0 · Fundraising $0$759,714
Part X · Balance sheet $140,695 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $35,812$140,695
X-16 Total assetsStart of year $35,812$140,695
X-17 Accounts payable and accrued expensesStart of year $0$0
X-25 Other liabilitiesStart of year $3,416$0
X-26 Total liabilitiesStart of year $3,416$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $32,396$140,695
X-32 Total net assets or fund balancesStart of year $32,396$140,695
X-33 Total liabilities and net assetsStart of year $35,812$140,695
Part XI · Reconciliation of net assets $140,695 net assets at year end
XI-1 Total revenue$868,013
XI-2 Total expenses$759,714
XI-3 Revenue less expenses$108,299
XI-4 Net assets at start of year$32,396
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$140,695

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

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