Academy Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 46-3471569)

Revenue by fiscal year
FY2020	$107K
FY2021	$98K
FY2022	$89K
FY2023	$51K
FY2024	$79K
FY2025	$85K

Expenses by fiscal year
FY2020	$342K
FY2021	$167K
FY2022	$143K
FY2023	$92K
FY2024	$65K
FY2025	$79K

Net assets by fiscal year
FY2020	$716K
FY2021	$646K
FY2022	$592K
FY2023	$551K
FY2024	$565K
FY2025	$571K

Is it real?

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

100%

Program services 100% · $342K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Martin Schoppmeyer

Executive Di

$0Pt VII · Sec A

See Academy Foundation INC 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

Funds educational activities for a public charter school.

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1 program · $342K · in their own filed words · FY2019

01

Operation for support of a charter high school under the arkansas department of education.

$342Kprogram expense

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$107K

Ln 12

Gifts and grantsLn 1h$106K

Investment incomeLn 3$577

Money outPt IX

$342K

Ln 25

Programscol B$342K

Owns and owesPt X

$716K

net assets · Ln 32

Cash and savingsLn 1–2$129

Total assetsLn 16$716K

LiabilitiesLn 26$208

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$106K

Government grantsLn 1e$106K

Investment incomeLn 3$577

Total revenueLn 12$107K

Assets in detailPt X, end of year

CashLn 1$129

Cash and savings togetherLn 1–2$129

InvestmentsLn 11–13$29K

Land, buildings, equipmentLn 10c$507K

Total assetsLn 16$716K

LiabilitiesLn 26$208

Net assetsLn 32$716K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$4K	$129
InvestmentsLn 11–13	$21K	$29K
Land, buildings, equipmentLn 10c	$782K	$507K
Total assetsLn 16	$952K	$716K
LiabilitiesLn 26	$1K	$208
Net assetsLn 32	$951K	$716K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$558	$558
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$512	$512
OccupancyLn 16	$30K	$30K
TravelLn 17	$2K	$2K
Depreciation, depletion and amortizationLn 22	$275K	$275K
Other expenses (24a–d)Ln 24	$26K	$26K
All other expensesLn 24e	$5K	$5K
Total functional expensesLn 25	$342K	$342K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$85K	$79K	$6K	$571K	990 PDF
FY2024	$79K	$65K	$13K	$565K	990 PDF
FY2023	$51K	$92K	−$41K	$551K	990 PDF
FY2022	$89K	$143K	−$54K	$592K	990 PDF
FY2021	$98K	$167K	−$69K	$646K	990 PDF
FY2020 Viewing	$107K	$342K	−$235K	$716K	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 $106,761 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $118,950$106,184

I-9 Program service revenue$0

I-10 Investment incomePrior year $864$577

I-11 Other revenue$0

I-12 Total revenuePrior year $119,814$106,761

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $704,351$341,931

I-18 Total expensesPrior year $704,351$341,931

I-19 Revenue less expensesPrior year −$584,537−$235,170

Part VI · Governance 3 of 3 board members independent, 4 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $106,761 across 4 lines filed

VIII-1e Government grants$106,184

VIII-1h Total contributions, gifts and grants$106,184

VIII-3 Investment incomeRelated to mission $577$577

VIII-12 Total revenueRelated to mission $577$106,761

Part IX · Statement of functional expenses $341,931 across 8 lines filed

IX-11b Legal feesPrograms $558$558

IX-12 Advertising and promotionPrograms $2,779$2,779

IX-13 Office expensesPrograms $512$512

IX-16 OccupancyPrograms $30,187$30,187

IX-17 TravelPrograms $1,882$1,882

IX-22 Depreciation, depletion and amortizationPrograms $275,430$275,430

IX-24 Other expenses (24a–d)Programs $25,906$25,906

IX-24e All other expensesPrograms $4,677$4,677

IX-25 Total functional expensesPrograms $341,931 · Management $0 · Fundraising $0$341,931

Part X · Balance sheet $715,757 assets, 9 lines filed

Asset lines not itemized here account for $179,365; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $3,790$129

X-10c Land, buildings and equipment, netStart of year $782,290$506,860

X-11 Publicly traded securitiesStart of year $20,823$29,403

X-16 Total assetsStart of year $951,815$715,757

X-17 Accounts payable and accrued expensesStart of year $1,096$208

X-26 Total liabilitiesStart of year $1,096$208

X-27 Net assets without donor restrictionsStart of year $950,719$715,549

X-32 Total net assets or fund balancesStart of year $950,719$715,549

X-33 Total liabilities and net assetsStart of year $951,815$715,757

Part XI · Reconciliation of net assets $715,549 net assets at year end

XI-1 Total revenue$106,761

XI-2 Total expenses$341,931

XI-3 Revenue less expenses−$235,170

XI-4 Net assets at start of year$950,719

XI-10 Net assets at end of year$715,549

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

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Academy Foundation INC FY2020 filing

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