Excel Academy LLC FY2019 filing

Tax-deductible

Casper, WY501(c)(3)EducationEIN 46-2927870Revenue $354K in FY2019

On file with the IRSexcelacademywy.com500 S Jefferson St, 82601-3231 · Casper, WYTax-exempt since Jul 2019School — 170(b)(1)(A)(ii)

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Students of Excel Academy engage in a safe and nurturing learning environment. Enrichment and real life opportunities allow for students to further broaden their educational foundations.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$30K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $17K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 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
$30K
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
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$285K
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
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
$354K
Spent
$337K
To programs
100%
Net assets
$165K
By yearFY2019–FY2024
Revenue
$354K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$354K
FY2020$471K
FY2022$421K
FY2023$375K
FY2024$206K
Expenses
$337K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$337K
FY2020$392K
FY2022$450K
FY2023$400K
FY2024$331K
Net assets
$165K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$165K
FY2020$243K
FY2022$156K
FY2023$131K
FY2024$7K

From the FY2019 Form 990 (year ending October 2019) · see the original

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You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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% · $337K

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

5 people listed on the 990; $30K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Secretary
$30,223Pt VII · Sec A
$0Pt VII · Sec A
Member-At-Large
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Jennifer Wistisen’s $48K as President is at the 39th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2020FY2019
Jennifer Wistisen$48,272$46,689$8,500——
Dusty Haigler—$31,006$28,778$24,889$30,223
Laura Redmond—$233$4,707——

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

Provides a safe, nurturing environment with enrichment and real-life opportunities to broaden students' educational foundations.

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Provided by the organization

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1 program · $337K · in their own filed words · FY2018
01

The primary purpose of excel academy is to provide a safe and fun learning environment. Students will engage in daily enrichment opportunities that will allow them to grow and flourish in all aspects of their educational experience.

$337Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$354K
Ln 12
Fees for servicesLn 2g$378K
Money outPt IX
$337K
Ln 25
Programscol B$337K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$450K
LiabilitiesLn 26$285K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$378K
Gains on assetsLn 7−$24K
Total revenueLn 12$354K
Assets in detailPt X, end of year
CashLn 1$111K
Cash and savings togetherLn 1–2$111K
Land, buildings, equipmentLn 10c$339K
Total assetsLn 16$450K
LiabilitiesLn 26$285K
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 528
VolunteersI 60
Fiscal year endsHeaderOctober
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 FY19End FY19
Cash and savingsLn 1–2$119K$111K
Land, buildings, equipmentLn 10c$29K$339K
Total assetsLn 16$148K$450K
LiabilitiesLn 26$0$285K
Net assetsLn 32$148K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K$26K
Other salaries and wagesLn 7$122K$122K
Management feesLn 11a$3K$3K
Other fees for servicesLn 11g$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$16K$16K
Information technologyLn 14$976$976
OccupancyLn 16$9K$9K
TravelLn 17$6K$6K
InterestLn 20$19K$19K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$72K$72K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$337K$337K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $206K$331K−$124K$7K 990 PDF
FY2023 $375K$400K−$25K$131K 990 PDF
FY2022 $421K$450K−$29K$156K 990 PDF
FY2021 Not on file
FY2020 $471K$392K$78K$243K 990 PDF
FY2019 Viewing $354K$337K$16K$165K 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 FY2019 990 (6 parts)
Part I · Summary $353,829 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $148,775$378,204
I-10 Investment incomePrior year $0−$24,375
I-11 Other revenuePrior year $4,983$0
I-12 Total revenuePrior year $153,758$353,829
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 $65,117$147,380
I-16a Professional fundraising feesPrior year $18,804$0
I-17 Other expensesPrior year $65,184$190,057
I-18 Total expensesPrior year $149,105$337,437
I-19 Revenue less expensesPrior year $4,653$16,392
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $353,829 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $378,204$378,204
VIII-7 Net gain or loss on sales of assetsRelated to mission −$24,375−$24,375
VIII-12 Total revenueRelated to mission $353,829 · Unrelated business $0 · Excluded from tax $0$353,829
Part IX · Statement of functional expenses $337,437 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $25,854$25,854
IX-7 Other salaries and wagesPrograms $121,526$121,526
IX-11a Management feesPrograms $2,622$2,622
IX-11g Other fees for servicesPrograms $6,811$6,811
IX-12 Advertising and promotionPrograms $2,350$2,350
IX-13 Office expensesPrograms $16,050$16,050
IX-14 Information technologyPrograms $976$976
IX-16 OccupancyPrograms $8,797$8,797
IX-17 TravelPrograms $6,193$6,193
IX-20 InterestPrograms $18,879$18,879
IX-22 Depreciation, depletion and amortizationPrograms $7,537$7,537
IX-23 InsurancePrograms $27,182$27,182
IX-24 Other expenses (24a–d)Programs $72,423$72,423
IX-24e All other expensesPrograms $20,237$20,237
IX-25 Total functional expensesPrograms $337,437 · Management $0 · Fundraising $0$337,437
Part X · Balance sheet $450,354 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $119,299$111,471
X-10c Land, buildings and equipment, netStart of year $29,201$338,883
X-16 Total assetsStart of year $148,500$450,354
X-26 Total liabilitiesStart of year $0$285,462
X-32 Total net assets or fund balancesStart of year $148,500$164,892
X-33 Total liabilities and net assetsStart of year $148,500$450,354
Part XI · Reconciliation of net assets $164,892 net assets at year end
XI-1 Total revenue$353,829
XI-2 Total expenses$337,437
XI-3 Revenue less expenses$16,392
XI-4 Net assets at start of year$148,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$164,892

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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