Excel Academy LLC FY2020 filing

Tax-deductible

Casper, WY501(c)(3)EducationEIN 46-2927870Revenue $471K in FY2020

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.
$25K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
$25K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 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
$427K
64% of total assets
Fine: liabilities are 64% 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
$471K
+33% vs prior year
Spent
$392K
To programs
100%
Net assets
$243K
By yearFY2019–FY2024
Revenue
$471K
FY2020▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2019$354K
FY2020$471K
FY2022$421K
FY2023$375K
FY2024$206K
Expenses
$392K
FY2020▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2019$337K
FY2020$392K
FY2022$450K
FY2023$400K
FY2024$331K
Net assets
$243K
FY2020▲ +47%
Tap a bar for its year
Net assets by fiscal year
FY2019$165K
FY2020$243K
FY2022$156K
FY2023$131K
FY2024$7K

From the FY2020 Form 990 (year ending October 2020) · see the original

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You’re viewing the FY2020 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% · $392K

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; $25K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Secretary
$24,889Pt 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 · $392K · in their own filed words · FY2019
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.

$392Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$471K
Ln 12
Fees for servicesLn 2g$471K
Money outPt IX
$392K
Ln 25
Programscol B$392K
Owns and owesPt X
$243K
net assets · Ln 32
Cash and savingsLn 1–2$252K
Total assetsLn 16$670K
LiabilitiesLn 26$427K
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$471K
Total revenueLn 12$471K
Assets in detailPt X, end of year
CashLn 1$252K
Cash and savings togetherLn 1–2$252K
Land, buildings, equipmentLn 10c$418K
Total assetsLn 16$670K
LiabilitiesLn 26$427K
Net assetsLn 32$243K
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 FY20End FY20
Cash and savingsLn 1–2$111K$252K
Land, buildings, equipmentLn 10c$339K$418K
Total assetsLn 16$450K$670K
LiabilitiesLn 26$285K$427K
Net assetsLn 32$165K$243K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$31K$31K
Other salaries and wagesLn 7$120K$120K
Management feesLn 11a$8K$8K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$14K$14K
Information technologyLn 14$2K$2K
TravelLn 17$2K$2K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$128K$128K
All other expensesLn 24e$31K$31K
Total functional expensesLn 25$392K$392K$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 Viewing $471K$392K$78K$243K 990 PDF
FY2019 $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 FY2020 990 (6 parts)
Part I · Summary $470,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $378,204$470,531
I-10 Investment incomePrior year −$24,375$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $353,829$470,531
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 $147,380$151,055
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $190,057$241,178
I-18 Total expensesPrior year $337,437$392,233
I-19 Revenue less expensesPrior year $16,392$78,298
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 $470,531 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $470,531$470,531
VIII-12 Total revenueRelated to mission $470,531 · Unrelated business $0 · Excluded from tax $0$470,531
Part IX · Statement of functional expenses $392,233 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,874$30,874
IX-7 Other salaries and wagesPrograms $120,181$120,181
IX-11a Management feesPrograms $8,468$8,468
IX-11g Other fees for servicesPrograms $1,935$1,935
IX-12 Advertising and promotionPrograms $5,000$5,000
IX-13 Office expensesPrograms $14,258$14,258
IX-14 Information technologyPrograms $1,935$1,935
IX-17 TravelPrograms $2,272$2,272
IX-20 InterestPrograms $17,518$17,518
IX-22 Depreciation, depletion and amortizationPrograms $9,072$9,072
IX-23 InsurancePrograms $21,012$21,012
IX-24 Other expenses (24a–d)Programs $128,433$128,433
IX-24e All other expensesPrograms $31,275$31,275
IX-25 Total functional expensesPrograms $392,233 · Management $0 · Fundraising $0$392,233
Part X · Balance sheet $669,770 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $111,471$252,069
X-10c Land, buildings and equipment, netStart of year $338,883$417,701
X-16 Total assetsStart of year $450,354$669,770
X-26 Total liabilitiesStart of year $285,462$426,580
X-32 Total net assets or fund balancesStart of year $164,892$243,190
X-33 Total liabilities and net assetsStart of year $450,354$669,770
Part XI · Reconciliation of net assets $243,190 net assets at year end
XI-1 Total revenue$470,531
XI-2 Total expenses$392,233
XI-3 Revenue less expenses$78,298
XI-4 Net assets at start of year$164,892
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$243,190

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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