Actschools INC FY2021 filing

Tax-deductible

Greenville, KY501(c)(3)EducationEIN 46-2300268Revenue $225K in FY2021

On file with the IRSactschools.org220 Crittenden Dr, 42345-1120 · Greenville, KYTax-exempt since Jun 2014School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
1 of 6
filings with a surplus
Average deficit $11K a year · 7% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
+26% vs prior year
Spent
$202K
To programs
79%
Net assets
$48K
By yearFY2020–FY2025
Revenue
$225K
FY2021▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$178K
FY2021$225K
FY2022$188K
FY2023$183K
FY2024$187K
FY2025$30K
Expenses
$202K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$222K
FY2021$202K
FY2022$211K
FY2023$186K
FY2024$206K
FY2025$32K
Net assets
$48K
FY2021▲ +90%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$48K
FY2022$25K
FY2023$22K
FY2024$3K
FY2025$2K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Jun 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.

Program services 79% · $160K Management & general 21% · $42K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Headmaster
$0Pt VII · Sec A

Kelly Latham’s $10K as Headmaster is at the 34th percentile of top reported officer pay among 146 <$100K 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Kelly Latham$10,440$18,814$17,325$16,500
Angela Latham$4,700$12,075$17,325$16,500

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

Actschools INC is an education nonprofit based in Greenville, KY.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2020
01

Christian-based education to children grades kindergarten through 8TH grade.

$160Kprogram 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
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Fees for servicesLn 2g$116K
Gifts and grantsLn 1h$81K
Other incomeLn 4–11$28K
Money outPt IX
$202K
Ln 25
Programscol B$160K
Managementcol C$42K
Owns and owesPt X
$48K
net assets · Ln 32
Cash and savingsLn 1–2$12K
Total assetsLn 16$49K
LiabilitiesLn 26$1K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Government grantsLn 1e$51K
Fees for servicesLn 2g$116K
Other incomeLn 4–11$28K
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$12K
Cash and savings togetherLn 1–2$12K
Other assetsLn 15$12K
Total assetsLn 16$49K
LiabilitiesLn 26$1K
Net assetsLn 32$48K
OperationsPt I, VI
EmployeesI 513
VolunteersI 63
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 FY21End FY21
Cash and savingsLn 1–2$11K$12K
Total assetsLn 16$52K$49K
LiabilitiesLn 26$27K$1K
Net assetsLn 32$25K$48K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$113K$87K$26K
Payroll taxesLn 10$8K$6K$2K
Accounting feesLn 11c$950$950
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$10$10
Office expensesLn 13$5K$5K$649
OccupancyLn 16$43K$33K$10K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$2K$1K$402
Other expenses (24a–d)Ln 24$24K$23K$2K
Total functional expensesLn 25$202K$160K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $30K$32K−$2K$2K 990 PDF
FY2024 $187K$206K−$19K$3K 990 PDF
FY2023 $183K$186K−$3K$22K 990 PDF
FY2022 $188K$211K−$22K$25K 990 PDF
FY2021 Viewing $225K$202K$23K$48K 990 PDF
FY2020 $178K$222K−$44K$25K 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 FY2021 990 (6 parts)
Part I · Summary $224,794 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,736$81,441
I-9 Program service revenuePrior year $138,118$115,764
I-10 Investment income$0
I-11 Other revenuePrior year $10,497$27,589
I-12 Total revenuePrior year $178,351$224,794
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $140,828$121,290
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $81,609$80,827
I-18 Total expensesPrior year $222,437$202,117
I-19 Revenue less expensesPrior year −$44,086$22,677
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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $224,794 across 7 lines filed
VIII-1e Government grants$51,360
VIII-1f All other contributions, gifts and grants$30,081
VIII-1h Total contributions, gifts and grants$81,441
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $115,764$115,764
VIII-8 Net income from fundraising events$27,203
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $386$386
VIII-12 Total revenueRelated to mission $116,150$224,794
Part IX · Statement of functional expenses $202,117 across 10 lines filed
IX-7 Other salaries and wagesPrograms $86,928 · Management $26,260$113,188
IX-10 Payroll taxesPrograms $6,222 · Management $1,880$8,102
IX-11c Accounting feesManagement $950$950
IX-11g Other fees for servicesPrograms $3,318$3,318
IX-12 Advertising and promotionPrograms $10$10
IX-13 Office expensesPrograms $4,718 · Management $649$5,367
IX-16 OccupancyPrograms $33,173 · Management $10,021$43,194
IX-19 Conferences, conventions and meetingsPrograms $1,829$1,829
IX-23 InsurancePrograms $1,329 · Management $402$1,731
IX-24 Other expenses (24a–d)Programs $22,910 · Management $1,518$24,428
IX-25 Total functional expensesPrograms $160,437 · Management $41,680 · Fundraising $0$202,117
Part X · Balance sheet $48,867 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $11,346$11,991
X-4 Accounts receivableStart of year $29,788$25,132
X-15 Other assetsStart of year $10,727$11,744
X-16 Total assetsStart of year $51,861$48,867
X-25 Other liabilitiesStart of year $1,507$1,091
X-26 Total liabilitiesStart of year $26,762$1,091
X-27 Net assets without donor restrictionsStart of year $6,208$47,776
X-32 Total net assets or fund balancesStart of year $25,099$47,776
X-33 Total liabilities and net assetsStart of year $51,861$48,867
Part XI · Reconciliation of net assets $47,776 net assets at year end
XI-1 Total revenue$224,794
XI-2 Total expenses$202,117
XI-3 Revenue less expenses$22,677
XI-4 Net assets at start of year$25,099
XI-10 Net assets at end of year$47,776

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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