Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
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
1 person listed on the 990; $275K paid to officers and key staff.
Mary M Bray’s $275K as Chairperson is at the 100th percentile of top reported officer pay among 1613 $100K–1M 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
| Name | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Mary M Bray | $275,000 | $275,000 | $240,000 |
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.
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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
Empowers children with academics, values, and a lifelong love of learning for success.
Questions for Innovation Academy
Your first name shows with your question. Innovation Academy answers here, for everyone.
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To ensure that every child attains academic and life success and mastery. Our approach to education is to provide well-rounded academics, while also instilling values and cultivating a lifelong desire to learn.
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $318K | $329K |
| Total assetsLn 16 | $318K | $329K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $318K | $329K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $15K | $15K | ||
| Other salaries and wagesLn 7 | $461K | $346K | $115K | |
| Accounting feesLn 11c | $1K | $512 | $513 | |
| Advertising and promotionLn 12 | $3K | $3K | ||
| OccupancyLn 16 | $72K | $65K | $7K | |
| TravelLn 17 | $29K | $23K | $6K | |
| InsuranceLn 23 | $12K | $10K | $2K | |
| Other expenses (24a–d)Ln 24 | $48K | $43K | $5K | |
| All other expensesLn 24e | $16K | $13K | $3K | |
| Total functional expensesLn 25 | $657K | $518K | $140K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $668K | $657K | $11K | $329K | 990 PDF |
| FY2024 | $639K | $686K | −$47K | $318K | 990 PDF |
| FY2023 | $803K | $675K | $128K | $365K | 990 PDF |
| FY2022 | $682K | $476K | $207K | $237K | 990 PDF |
| FY2021 | $593K | $271K | $322K | $92K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $668,399 revenue, 12 lines filed
Part VI · Governance 1 of 1 board members independent, 4 to look at
Part VIII · Statement of revenue $668,399 across 2 lines filed
Part IX · Statement of functional expenses $657,456 across 9 lines filed
Part X · Balance sheet $329,394 assets, 6 lines filed
Part XI · Reconciliation of net assets $329,394 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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