Foundation Preparatory Academy

Tax-deductible

Lake Jackson, TX501(c)(3)EducationEIN 46-3175065Revenue $348K in FY2025

On file with the IRSfoundationprep.com102 Yaupon St, 77566-5461 · Lake Jackson, TXTax-exempt since Oct 2014School — 170(b)(1)(A)(ii)

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Provide a college-preparatory education in a Christian environment through a University-Model School- a blend of traditional public and private schools and home schools. Currently Kindergarten-12th grade.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 75 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $174
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$62K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 12 voting members
Fine: 6 of 12 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
+3% vs prior year
Spent
$345K
To programs
100%
Net assets
$75K
By yearFY2020–FY2025
Revenue
$348K
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$173K
FY2021$256K
FY2022$263K
FY2023$281K
FY2024$339K
FY2025$348K
Expenses
$345K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$218K
FY2022$264K
FY2023$306K
FY2024$332K
FY2025$345K
Net assets
$75K
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$52K
FY2021$90K
FY2022$89K
FY2023$64K
FY2024$72K
FY2025$75K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2014.

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% · $345K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Fam. Min. Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers college prep in a Christian environment, blending school and home learning for K-12.

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Provided by the organization

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1 program · $345K · in their own filed words · FY2024
01

University-Model School

A blend of traditional public and private schools and home schools to give a highly successful college-preparatory education set in a christian environment. Currently 57 students, KINDERGARTEN-12TH grade.

$345Kprogram 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 1 funder$174

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$348K
Ln 12
Fees for servicesLn 2g$265K
Other incomeLn 4–11$46K
Gifts and grantsLn 1h$32K
Money outPt IX
$345K
Ln 25
Programscol B$345K
Owns and owesPt X
$75K
net assets · Ln 32
Cash and savingsLn 1–2$188K
Total assetsLn 16$138K
LiabilitiesLn 26$62K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$265K
Investment incomeLn 3$5K
Other incomeLn 4–11$46K
Gains on assetsLn 7$0
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$188K
SavingsLn 2$0
Cash and savings togetherLn 1–2$188K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$32K
Other assetsLn 15$600
Total assetsLn 16$138K
LiabilitiesLn 26$62K
Net assetsLn 32$75K
OperationsPt I, VI
EmployeesI 516
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$116K$188K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$32K$32K
Total assetsLn 16$126K$138K
LiabilitiesLn 26$54K$62K
Net assetsLn 32$72K$75K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$226K$226K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$21K$21K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$4K$4K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$14K$14K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$345K$345K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $348K$345K$3K$75K 990 PDF
FY2024 $339K$332K$7K$72K 990 PDF
FY2023 $281K$306K−$25K$64K 990 PDF
FY2022 $263K$264K−$649$89K 990 PDF
FY2021 $256K$218K$38K$90K 990 PDF
FY2020 $173K$207K−$34K$52K 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 FY2025 990 (6 parts)
Part I · Summary $347,839 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,515$31,943
I-9 Program service revenuePrior year $286,125$264,831
I-10 Investment incomePrior year $1,720$5,002
I-11 Other revenuePrior year $32,975$46,063
I-12 Total revenuePrior year $339,335$347,839
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $258,247$247,283
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,602$97,253
I-18 Total expensesPrior year $331,849$344,536
I-19 Revenue less expensesPrior year $7,486$3,303
Part VI · Governance 6 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $347,839 across 10 lines filed
VIII-1f All other contributions, gifts and grants$31,943
VIII-1h Total contributions, gifts and grants$31,943
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $264,831$264,831
VIII-3 Investment incomeRelated to mission $5,002$5,002
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$28,238
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,825$17,825
VIII-12 Total revenueRelated to mission $287,658$347,839
Part IX · Statement of functional expenses $344,536 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $226,317$226,317
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $20,966$20,966
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $3,675$3,675
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $11,626$11,626
IX-12 Advertising and promotionPrograms $9,211$9,211
IX-13 Office expensesPrograms $4,263$4,263
IX-14 Information technologyPrograms $3,475$3,475
IX-15 Royalties$0
IX-16 OccupancyPrograms $14,269$14,269
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $4,786$4,786
IX-24 Other expenses (24a–d)Programs $41,058$41,058
IX-24e All other expensesPrograms $4,890$4,890
IX-25 Total functional expensesPrograms $344,536 · Management $0 · Fundraising $0$344,536
Part X · Balance sheet $137,679 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $115,844$187,775
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year −$23,276−$82,675
X-10c Land, buildings and equipment, netStart of year $31,979$31,979
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,600$600
X-16 Total assetsStart of year $126,147$137,679
X-17 Accounts payable and accrued expensesStart of year −$8,334$143
X-19 Deferred revenueStart of year $73,980$73,980
X-25 Other liabilitiesStart of year −$11,391−$11,639
X-26 Total liabilitiesStart of year $54,255$62,484
X-32 Total net assets or fund balancesStart of year $71,892$75,195
X-33 Total liabilities and net assetsStart of year $126,147$137,679
Part XI · Reconciliation of net assets $75,195 net assets at year end
XI-1 Total revenue$347,839
XI-2 Total expenses$344,536
XI-3 Revenue less expenses$3,303
XI-4 Net assets at start of year$71,892
XI-10 Net assets at end of year$75,195

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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