Athena Academy INC

Tax-deductible

Palo Alto, CA501(c)(3)EducationEIN 45-2885305

A school for bright dyslexic children grades 1 - 8. The organization is dedicated to developing and providing the most effective methods available to teach these children using current scientific and educational research.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 12 volunteers and 30 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 $374K a year · 13% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$538K
to officers and key staff · 19% of spending
Top officer’s pay higher than 83% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $71K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
-25% vs prior year
Spent
$2.8M
To programs
92%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▼ -25%
Revenue by fiscal year
FY2020$2.3M
FY2021$2.8M
FY2022$2.8M
FY2023$2.9M
FY2024$3.6M
FY2025$2.7M
Expenses
$2.8M
FY2025▲ +4%
Expenses by fiscal year
FY2020$2.0M
FY2021$2.2M
FY2022$2.5M
FY2023$2.6M
FY2024$2.7M
FY2025$2.8M
Net assets
$2.3M
FY2025▼ -4%
Net assets by fiscal year
FY2020$385K
FY2021$959K
FY2022$1.2M
FY2023$1.5M
FY2024$2.4M
FY2025$2.3M

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 Jul 2014.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $2.5M Management & general 7% · $195K Fundraising 1% · $34K

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; $538K 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
Head of School
$204,825Pt VII · Sec A
Director of Finance and Operations
$173,430Pt VII · Sec A
Director of Enrollments
$159,669Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Victoria Trevor’s $205K as Head of School is at the 83rd 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Victoria Trevor$204,825$179,905$84,953———
Shama Hinard————$185,550$185,550
Joanne L Mutch$173,430$166,455$159,950$153,713$148,890$148,890
Anne M Boswell$159,669$152,936$146,421$141,721$137,893$137,893
Donna Mburi———$80,000——

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.

See Athena 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Teaches bright dyslexic children grades 1-8 using effective, research-based methods.

Provided by the organization

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

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1 program service account for $2.5M of program spending, described in the organization's own filed words · FY2024.
01

Athena Academy is a nonprofit PUBLIC BENEFIT CORPORATION and is not organized for the private gain of any person. The specific purpose of this corporation is a private school for teaching dyslexic and twice-exceptional students, using proven techniques not found in other schools today.

$2.5Mprogram 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
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$166K
Investment incomeLn 3$144K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.5M
Managementcol C$195K
Fundraisingcol D$34K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$3.8M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
11
listed · VII A
PaidVII A3
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$144K
Other incomeLn 4–11$4K
Gains on assetsLn 7$0
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$141K
Other assetsLn 15$365K
Total assetsLn 16$3.8M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 530
VolunteersI 612
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$1.3M$1.8M
InvestmentsLn 11–13$1.9M$1.4M
Land, buildings, equipmentLn 10c$106K$141K
Total assetsLn 16$3.6M$3.8M
LiabilitiesLn 26$1.1M$1.4M
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$538K$498K$35K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.2M$1.1M$81K$10K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$140K$133K$7K$872
Payroll taxesLn 10$138K$128K$9K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$199K$156K$31K$11K
Advertising and promotionLn 12$926$926
Office expensesLn 13$52K$51K$697$47
Information technologyLn 14$39K$37K$2K$208
RoyaltiesLn 15$0
OccupancyLn 16$290K$268K$19K$2K
TravelLn 17$42K$41K$427$54
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K$4K$221$910
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$12K$674$84
InsuranceLn 23$19K$17K$1K$162
Other expenses (24a–d)Ln 24$50K$45K$4K$1K
All other expensesLn 24e$13K$11K$2K$32
Total functional expensesLn 25$2.8M$2.5M$195K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$2.8M−$71K$2.3M 990 PDF
FY2024 $3.6M$2.7M$926K$2.4M 990 PDF
FY2023 $2.9M$2.6M$252K$1.5M 990 PDF
FY2022 $2.8M$2.5M$258K$1.2M 990 PDF
FY2021 $2.8M$2.2M$574K$959K 990 PDF
FY2020 $2.3M$2.0M$304K$385K 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 $2,706,093 across 10 lines filed
VIII-1f All other contributions, gifts and grants$166,071
VIII-1h Total contributions, gifts and grants$166,071
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,391,959$2,391,959
VIII-3 Investment incomeExcluded from tax $143,591$143,591
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,472$4,472
VIII-12 Total revenueRelated to mission $2,396,431 · Excluded from tax $143,591$2,706,093
Part IX · Statement of functional expenses $2,777,498 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $498,055 · Management $35,329 · Fundraising $4,540$537,924
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,147,441 · Management $81,394 · Fundraising $10,458$1,239,293
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $132,791 · Management $6,734 · Fundraising $872$140,397
IX-10 Payroll taxesPrograms $127,997 · Management $9,204 · Fundraising $1,182$138,383
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $155,912 · Management $31,347 · Fundraising $11,379$198,638
IX-12 Advertising and promotionPrograms $926$926
IX-13 Office expensesPrograms $51,346 · Management $697 · Fundraising $47$52,090
IX-14 Information technologyPrograms $36,836 · Management $1,734 · Fundraising $208$38,778
IX-15 Royalties$0
IX-16 OccupancyPrograms $268,451 · Management $19,361 · Fundraising $2,443$290,255
IX-17 TravelPrograms $41,497 · Management $427 · Fundraising $54$41,978
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $3,989 · Management $221 · Fundraising $910$5,120
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,538 · Management $674 · Fundraising $84$12,296
IX-23 InsurancePrograms $17,350 · Management $1,254 · Fundraising $162$18,766
IX-24 Other expenses (24a–d)Programs $44,690 · Management $4,248 · Fundraising $1,139$50,077
IX-24e All other expensesPrograms $10,612 · Management $1,933 · Fundraising $32$12,577
IX-25 Total functional expensesPrograms $2,549,431 · Management $194,557 · Fundraising $33,510$2,777,498
Part X · Balance sheet $3,750,793 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $1,302,377$1,769,343
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $6,171$4,500
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $36,845$46,239
X-10c Land, buildings and equipment, netStart of year $106,331$141,150
X-11 Publicly traded securitiesStart of year $1,904,620$1,415,715
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $11,277$8,860
X-15 Other assetsStart of year $183,922$364,986
X-16 Total assetsStart of year $3,551,543$3,750,793
X-17 Accounts payable and accrued expensesStart of year $52,530$66,551
X-19 Deferred revenueStart of year $849,651$938,963
X-25 Other liabilitiesStart of year $230,545$416,270
X-26 Total liabilitiesStart of year $1,132,726$1,421,784
X-27 Net assets without donor restrictionsStart of year $2,335,928$2,287,620
X-28 Net assets with donor restrictionsStart of year $82,889$41,389
X-32 Total net assets or fund balancesStart of year $2,418,817$2,329,009
X-33 Total liabilities and net assetsStart of year $3,551,543$3,750,793
Part XI · Reconciliation of net assets $2,329,009 net assets at year end
XI-1 Total revenue$2,706,093
XI-2 Total expenses$2,777,498
XI-3 Revenue less expenses−$71,405
XI-4 Net assets at start of year$2,418,817
XI-5 Net unrealized gains (losses) on investments−$18,403
XI-10 Net assets at end of year$2,329,009

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

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