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.
98¢ of each $1 spent went to programs.
$153K 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

FY2023 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
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
$5.1M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.5M
+6% vs prior year
Spent
$5.0M
To programs
98%
Net assets
$521K
By yearFY2020–FY2025
Revenue
$5.5M
FY2023▲ +6%
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
$5.0M
FY2023▼ -2%
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
$521K
FY2023▲ +473%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

98 cents of each dollar spent went to programs.

Program services 98% · $4.9M Management & general 2% · $91K

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

5 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
School Director
$153,367Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$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.

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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 15aYes

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 · $4.9M · in their own filed words · FY2022
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.

$4.9Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Gifts and grantsLn 1h$5.5M
Fees for servicesLn 2g$2K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.9M
Managementcol C$91K
Owns and owesPt X
$521K
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.5M
Government grantsLn 1e$5.5M
Fees for servicesLn 2g$2K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$3.9M
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.1M
Net assetsLn 32$521K
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 FY23End FY23
Cash and savingsLn 1–2$1.2M$1.4M
Land, buildings, equipmentLn 10c$3.9M$3.9M
Total assetsLn 16$5.3M$5.6M
LiabilitiesLn 26$5.2M$5.1M
Net assetsLn 32$91K$521K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$153K$153K
Other salaries and wagesLn 7$2.4M$2.4M
Pension plan contributionsLn 8$18K$18K
Other employee benefitsLn 9$228K$228K
Payroll taxesLn 10$186K$186K
Management feesLn 11a$27K$27K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$436K$436K
Advertising and promotionLn 12$8K$8K
Information technologyLn 14$96K$87K$9K
TravelLn 17$54K$54K
InterestLn 20$379K$379K
Depreciation, depletion and amortizationLn 22$285K$285K
InsuranceLn 23$47K$21K$26K
Other expenses (24a–d)Ln 24$659K$659K
All other expensesLn 24e$16K$16K
Total functional expensesLn 25$5.0M$4.9M$91K$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 Viewing $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 $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 J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $5,457,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,138,971$5,455,826
I-9 Program service revenuePrior year $1,363$1,693
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,140,334$5,457,519
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 $2,998,595$2,990,539
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,142,695$2,036,608
I-18 Total expensesPrior year $5,141,290$5,027,147
I-19 Revenue less expensesPrior year −$956$430,372
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,457,519 across 5 lines filed
VIII-1e Government grants$5,453,990
VIII-1f All other contributions, gifts and grants$1,836
VIII-1h Total contributions, gifts and grants$5,455,826
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,693$1,693
VIII-12 Total revenueRelated to mission $1,693 · Unrelated business $0 · Excluded from tax $0$5,457,519
Part IX · Statement of functional expenses $5,027,147 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $153,367$153,367
IX-7 Other salaries and wagesPrograms $2,404,405$2,404,405
IX-8 Pension plan contributionsPrograms $18,399$18,399
IX-9 Other employee benefitsPrograms $228,009$228,009
IX-10 Payroll taxesPrograms $186,359$186,359
IX-11a Management feesManagement $26,650$26,650
IX-11b Legal feesManagement $15,187$15,187
IX-11c Accounting feesManagement $14,493$14,493
IX-11g Other fees for servicesPrograms $436,084$436,084
IX-12 Advertising and promotionPrograms $7,950$7,950
IX-14 Information technologyPrograms $87,108 · Management $9,372$96,480
IX-17 TravelPrograms $53,781$53,781
IX-20 InterestPrograms $379,137$379,137
IX-22 Depreciation, depletion and amortizationPrograms $284,799$284,799
IX-23 InsurancePrograms $20,925 · Management $25,721$46,646
IX-24 Other expenses (24a–d)Programs $659,306$659,306
IX-24e All other expensesPrograms $16,095$16,095
IX-25 Total functional expensesPrograms $4,935,724 · Management $91,423 · Fundraising $0$5,027,147
Part X · Balance sheet $5,596,078 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,190,489$1,410,938
X-3 Pledges and grants receivableStart of year $210,497$215,282
X-9 Prepaid expenses and deferred chargesStart of year $53,500$53,500
X-10c Land, buildings and equipment, netStart of year $3,876,230$3,916,358
X-16 Total assetsStart of year $5,330,716$5,596,078
X-17 Accounts payable and accrued expensesStart of year $318,614$348,128
X-26 Total liabilitiesStart of year $5,239,764$5,074,754
X-27 Net assets without donor restrictionsStart of year $88,116$431,999
X-28 Net assets with donor restrictionsStart of year $2,836$89,325
X-32 Total net assets or fund balancesStart of year $90,952$521,324
X-33 Total liabilities and net assetsStart of year $5,330,716$5,596,078
Part XI · Reconciliation of net assets $521,324 net assets at year end
XI-1 Total revenue$5,457,519
XI-2 Total expenses$5,027,147
XI-3 Revenue less expenses$430,372
XI-4 Net assets at start of year$90,952
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$521,324

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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