To provide modern educational reform opportunities to rural communities, using a blend of modern technology, traditional structures, and family involvement.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$68K 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

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
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
4 of 6
filings with a surplus
Average surplus $354K a year · 6% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.4M
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
Spent
$4.8M
To programs
99%
Net assets
−$322K
By yearFY2020–FY2025
Revenue
$5.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$5.5M
FY2022$5.1M
FY2023$5.5M
FY2024$5.6M
FY2025$8.6M
Expenses
$4.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$5.1M
FY2022$5.1M
FY2023$5.0M
FY2024$6.2M
FY2025$6.9M
Net assets
−$322K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$322K
FY2021$92K
FY2022$91K
FY2023$521K
FY2024−$78K
FY2025$1.6M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 2016.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.8M Management & general 1% · $44K

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; $68K 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
Ex Officio/Director
$67,954Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jared Ferguson’s $152K as School Director is at the 65th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jared Ferguson$152,062$169,818$153,367$139,754$133,902—
Rebecca Strait$110,559—————
Matt Throckmorton—————$67,954

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 Athenian Eacademy 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves rural education with technology, traditional methods, and family support.

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Provided by the organization

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1 program · $4.8M · in their own filed words · FY2019
01

Athenian eacademy is dedicated to delivering a rigorous, standards-based education utilizing blended technology in a unique multi-satellite model across rural communities to create operation scale, yet remaining small enough in each rural community to provide school choice options that fit within smaller, rural communities.

$4.8Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$5.1M
Fees for servicesLn 2g$5K
Money outPt IX
$4.8M
Ln 25
Programscol B$4.8M
Managementcol C$44K
Owns and owesPt X
−$322K
net assets · Ln 32
Cash and savingsLn 1–2$958K
Total assetsLn 16$5.1M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Government grantsLn 1e$5.0M
Fees for servicesLn 2g$5K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$958K
Cash and savings togetherLn 1–2$958K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$5.1M
LiabilitiesLn 26$5.4M
Net assetsLn 32−$322K
OperationsPt I, VI
EmployeesI 5165
VolunteersI 670
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 FY20End FY20
Cash and savingsLn 1–2$623K$958K
Land, buildings, equipmentLn 10c$4.4M$4.1M
Total assetsLn 16$5.0M$5.1M
LiabilitiesLn 26$5.6M$5.4M
Net assetsLn 32−$548K−$322K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$49K$49K
Other salaries and wagesLn 7$2.2M$2.2M
Pension plan contributionsLn 8$21K$21K
Other employee benefitsLn 9$240K$240K
Payroll taxesLn 10$171K$171K
Management feesLn 11a$131K$131K
Legal feesLn 11b$22K$22K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$213K$213K
Advertising and promotionLn 12$2K$2K$75
Information technologyLn 14$95K$95K
OccupancyLn 16$85K$85K
TravelLn 17$12K$12K
InterestLn 20$382K$382K
Depreciation, depletion and amortizationLn 22$270K$270K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$780K$767K$13K
All other expensesLn 24e$93K$93K
Total functional expensesLn 25$4.8M$4.8M$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.6M$6.9M$1.7M$1.6M 990 PDF
FY2024 $5.6M$6.2M−$599K−$78K 990 PDF
FY2023 $5.5M$5.0M$430K$521K 990 PDF
FY2022 $5.1M$5.1M−$956$91K 990 PDF
FY2021 $5.5M$5.1M$413K$92K 990 PDF
FY2020 Viewing $5.1M$4.8M$227K−$322K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $5,062,227 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,141,158$5,056,986
I-9 Program service revenuePrior year $9,291$5,241
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $4,150,449$5,062,227
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 $2,533,065$2,717,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,888,137$2,118,146
I-18 Total expensesPrior year $4,421,202$4,835,623
I-19 Revenue less expensesPrior year −$270,753$226,604
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
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 $5,062,227 across 5 lines filed
VIII-1e Government grants$5,037,724
VIII-1f All other contributions, gifts and grants$19,262
VIII-1h Total contributions, gifts and grants$5,056,986
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,241$5,241
VIII-12 Total revenueRelated to mission $5,241 · Unrelated business $0 · Excluded from tax $0$5,062,227
Part IX · Statement of functional expenses $4,835,623 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $49,264$49,264
IX-7 Other salaries and wagesPrograms $2,236,304$2,236,304
IX-8 Pension plan contributionsPrograms $20,858$20,858
IX-9 Other employee benefitsPrograms $239,574$239,574
IX-10 Payroll taxesPrograms $171,477$171,477
IX-11a Management feesPrograms $130,573$130,573
IX-11b Legal feesManagement $21,977$21,977
IX-11c Accounting feesManagement $9,366$9,366
IX-11g Other fees for servicesPrograms $213,023$213,023
IX-12 Advertising and promotionPrograms $1,577 · Management $75$1,652
IX-14 Information technologyPrograms $95,042$95,042
IX-16 OccupancyPrograms $85,166$85,166
IX-17 TravelPrograms $11,842$11,842
IX-20 InterestPrograms $382,130$382,130
IX-22 Depreciation, depletion and amortizationPrograms $269,890$269,890
IX-23 InsurancePrograms $24,512$24,512
IX-24 Other expenses (24a–d)Programs $767,193 · Management $12,928$780,121
IX-24e All other expensesPrograms $92,852$92,852
IX-25 Total functional expensesPrograms $4,791,277 · Management $44,346 · Fundraising $0$4,835,623
Part X · Balance sheet $5,121,124 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $623,404$958,134
X-4 Accounts receivableStart of year $2,399$7,043
X-9 Prepaid expenses and deferred chargesStart of year $53,500$55,724
X-10c Land, buildings and equipment, netStart of year $4,370,113$4,100,223
X-16 Total assetsStart of year $5,049,416$5,121,124
X-17 Accounts payable and accrued expensesStart of year $243,076$230,517
X-26 Total liabilitiesStart of year $5,597,572$5,442,676
X-27 Net assets without donor restrictionsStart of year −$548,156−$335,960
X-28 Net assets with donor restrictions$14,408
X-32 Total net assets or fund balancesStart of year −$548,156−$321,552
X-33 Total liabilities and net assetsStart of year $5,049,416$5,121,124
Part XI · Reconciliation of net assets −$321,552 net assets at year end
XI-1 Total revenue$5,062,227
XI-2 Total expenses$4,835,623
XI-3 Revenue less expenses$226,604
XI-4 Net assets at start of year−$548,156
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$321,552

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

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