Altus Academy

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A high-quality college preparatory education for its students in grades one through eight.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4259966) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 25 volunteers and 17 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $206K a year · 23% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
6.9 mo
of spending, in cash
6.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $551K
10 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$112K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
8
of 10 voting members
8 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.8M
+246% vs prior year
Spent
$906K
To programs
83%
Net assets
$1.6M
By yearFY2020–FY2025
Revenue
$1.8M
FY2025▲ +246%
Tap a bar for its year
Revenue by fiscal year
FY2020$255K
FY2021$646K
FY2022$1.2M
FY2023$1.0M
FY2024$528K
FY2025$1.8M
Expenses
$906K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$553K
FY2021$602K
FY2022$618K
FY2023$722K
FY2024$832K
FY2025$906K
Net assets
$1.6M
FY2025▲ +129%
Tap a bar for its year
Net assets by fiscal year
FY2020$104K
FY2021$148K
FY2022$722K
FY2023$1.0M
FY2024$717K
FY2025$1.6M

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

Is it real?

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

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $756K Management & general 8% · $75K Fundraising 8% · $76K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $96K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$76,867Pt VII · Sec A
President & Founder, Secre
$19,501Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair of the Board
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alfredo Villegas$76,867$72,426$62,878$60,000$49,583$42,113
John P Heybach$19,501$31,171$59,930$75,000$72,266$71,083

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 Altus Academy 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 15aYes

Programs and updates

Develops students with character and academics for success in college preparatory schools and beyond.

Questions for Altus Academy

Tap to ask. Altus Academy sees how many people are interested.

Your first name shows with your question. Altus Academy answers here, for everyone.

1 program · $756K · in their own filed words · FY2024
01

Altus academy inaugurated its first class of sixteen, 4TH, 5TH and 6TH graders on august 17, 2013. The academy has expanded to 77 students in grades 1 through 8 in this the academy's eleventh year (fiscal year ended june 30, 2025).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-4259966) · Dispute this line
$756Kprogram 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
See all 10 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.8M
Investment incomeLn 3$10K
Fees for servicesLn 2g$1K
Money outPt IX
$906K
Ln 25
Programscol B$756K
Managementcol C$75K
Fundraisingcol D$76K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$520K
Total assetsLn 16$1.8M
LiabilitiesLn 26$112K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.8M
Government grantsLn 1e$150K
Fundraising eventsLn 1c$130K
Fees for servicesLn 2g$1K
Investment incomeLn 3$10K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$42K
SavingsLn 2$478K
Cash and savings togetherLn 1–2$520K
Pledges and grants receivableLn 3$725K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$496K
Total assetsLn 16$1.8M
LiabilitiesLn 26$112K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 517
VolunteersI 625
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$150K$520K
Land, buildings, equipmentLn 10c$484K$496K
Total assetsLn 16$798K$1.8M
LiabilitiesLn 26$80K$112K
Net assetsLn 32$717K$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$129K$102K$16K$11K
Other salaries and wagesLn 7$397K$373K$24K
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$44K$44K
Payroll taxesLn 10$39K$35K$1K$3K
Legal feesLn 11b$5K$5K$331
Accounting feesLn 11c$40K$40K
Other fees for servicesLn 11g$43K$25K$17K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$18K$12K$1K$5K
Information technologyLn 14$24K$15K$4K$5K
OccupancyLn 16$78K$62K$8K$8K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$456$456
Depreciation, depletion and amortizationLn 22$27K$22K$3K$3K
InsuranceLn 23$3K$2K$526$179
Other expenses (24a–d)Ln 24$39K$37K$1K$573
Total functional expensesLn 25$906K$756K$75K$76K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $1.8M$906K$923K$1.6M 990 PDF
FY2024Filed with the IRS May 15, 2025 $528K$832K−$304K$717K 990 PDF
FY2023Filed with the IRS May 15, 2024 $1.0M$722K$299K$1.0M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.2M$618K$574K$722K 990 PDF
FY2021Filed with the IRS May 16, 2022 $646K$602K$44K$148K 990 PDF
FY2020Filed with the IRS May 17, 2021 $255K$553K−$299K$104K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments G · Fundraising O · Explanations
See the full FY2025 990
Part I · Summary $1,828,190 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $539,559$1,831,783
I-9 Program service revenuePrior year $2,703$1,199
I-10 Investment incomePrior year $190$10,272
I-11 Other revenuePrior year −$14,736−$15,064
I-12 Total revenuePrior year $527,716$1,828,190
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 $588,528$614,807
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $243,107$290,863
I-18 Total expensesPrior year $831,635$905,670
I-19 Revenue less expensesPrior year −$303,919$922,520
Part VI · Governance 8 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,828,190 across 8 lines filed
VIII-1c Fundraising events$129,905
VIII-1e Government grants$149,505
VIII-1f All other contributions, gifts and grants$1,552,373
VIII-1h Total contributions, gifts and grants$1,831,783
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,199$1,199
VIII-3 Investment incomeExcluded from tax $10,272$10,272
VIII-8 Net income from fundraising eventsExcluded from tax −$15,064−$15,064
VIII-12 Total revenueRelated to mission $1,199 · Unrelated business $0 · Excluded from tax −$4,792$1,828,190
Part IX · Statement of functional expenses $905,670 across 18 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $101,753 · Management $15,993 · Fundraising $11,207$128,953
IX-7 Other salaries and wagesPrograms $373,194 · Fundraising $24,021$397,215
IX-8 Pension plan contributionsPrograms $5,345$5,345
IX-9 Other employee benefitsPrograms $44,371$44,371
IX-10 Payroll taxesPrograms $35,175 · Management $1,066 · Fundraising $2,682$38,923
IX-11b Legal feesPrograms $5,100 · Management $331$5,431
IX-11c Accounting feesManagement $39,606$39,606
IX-11g Other fees for servicesPrograms $25,498 · Fundraising $17,150$42,648
IX-12 Advertising and promotionPrograms $4,589$4,589
IX-13 Office expensesPrograms $11,726 · Management $1,242 · Fundraising $4,879$17,847
IX-14 Information technologyPrograms $15,389 · Management $3,793 · Fundraising $4,613$23,795
IX-16 OccupancyPrograms $62,363 · Management $7,743 · Fundraising $7,743$77,849
IX-17 TravelPrograms $8,356$8,356
IX-19 Conferences, conventions and meetingsPrograms $1,498$1,498
IX-20 InterestManagement $456$456
IX-22 Depreciation, depletion and amortizationPrograms $21,525 · Management $2,594 · Fundraising $2,594$26,713
IX-23 InsurancePrograms $2,448 · Management $526 · Fundraising $179$3,153
IX-24 Other expenses (24a–d)Programs $37,190 · Management $1,159 · Fundraising $573$38,922
IX-25 Total functional expensesPrograms $755,520 · Management $74,509 · Fundraising $75,641$905,670
Part X · Balance sheet $1,751,463 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $149,926$42,319
X-2 Savings and temporary cash investments$477,638
X-3 Pledges and grants receivableStart of year $150,000$724,718
X-9 Prepaid expenses and deferred chargesStart of year $13,360$11,094
X-10c Land, buildings and equipment, netStart of year $484,352$495,694
X-16 Total assetsStart of year $797,638$1,751,463
X-17 Accounts payable and accrued expensesStart of year $80,486$111,791
X-26 Total liabilitiesStart of year $80,486$111,791
X-27 Net assets without donor restrictionsStart of year $419,483$795,581
X-28 Net assets with donor restrictionsStart of year $297,669$844,091
X-32 Total net assets or fund balancesStart of year $717,152$1,639,672
X-33 Total liabilities and net assetsStart of year $797,638$1,751,463
Part XI · Reconciliation of net assets $1,639,672 net assets at year end
XI-1 Total revenue$1,828,190
XI-2 Total expenses$905,670
XI-3 Revenue less expenses$922,520
XI-4 Net assets at start of year$717,152
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,639,672

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

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