Academy Foundation INC: FY2023 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% · $92K

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 (FY2022); the FY2023 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 · $92K · in their own filed words · FY2022

01

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

$92Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$51K

Ln 12

Gifts and grantsLn 1h$50K

Investment incomeLn 3$1K

Money outPt IX

$92K

Ln 25

Programscol B$92K

Owns and owesPt X

$551K

net assets · Ln 32

Cash and savingsLn 1–2$14K

Total assetsLn 16$551K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a2

IndependentVI 1b2

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$50K

Investment incomeLn 3$1K

Gains on assetsLn 7$112

Total revenueLn 12$51K

Assets in detailPt X, end of year

CashLn 1$14K

Cash and savings togetherLn 1–2$14K

InvestmentsLn 11–13$44K

Land, buildings, equipmentLn 10c$186K

Total assetsLn 16$551K

LiabilitiesLn 26$0

Net assetsLn 32$551K

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 FY23	End FY23
Cash and savingsLn 1–2	$24K	$14K
InvestmentsLn 11–13	$44K	$44K
Land, buildings, equipmentLn 10c	$246K	$186K
Total assetsLn 16	$592K	$551K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$592K	$551K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$750	$750
Advertising and promotionLn 12	$843	$843
Office expensesLn 13	$488	$488
Information technologyLn 14	$532	$532
TravelLn 17	$1K	$1K
Depreciation, depletion and amortizationLn 22	$61K	$61K
Other expenses (24a–d)Ln 24	$26K	$26K
All other expensesLn 24e	$609	$609
Total functional expensesLn 25	$92K	$92K	$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 Viewing	$51K	$92K	−$41K	$551K	990 PDF
FY2022	$89K	$143K	−$54K	$592K	990 PDF
FY2021	$98K	$167K	−$69K	$646K	990 PDF
FY2020	$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 FY2023 990 (6 parts)

Part I · Summary $51,229 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $88,167$50,217

I-9 Program service revenue$0

I-10 Investment incomePrior year $970$1,012

I-11 Other revenue$0

I-12 Total revenuePrior year $89,137$51,229

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 $143,177$91,891

I-18 Total expensesPrior year $143,177$91,891

I-19 Revenue less expensesPrior year −$54,040−$40,662

Part VI · Governance 2 of 2 board members independent, 4 to look at

VI-1a Voting members of the governing body2

VI-1b Independent voting members2

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 $51,229 across 5 lines filed

VIII-1f All other contributions, gifts and grants$50,217

VIII-1h Total contributions, gifts and grants$50,217

VIII-3 Investment incomeRelated to mission $900$900

VIII-7 Net gain or loss on sales of assetsRelated to mission $112$112

VIII-12 Total revenueRelated to mission $1,012$51,229

Part IX · Statement of functional expenses $91,891 across 8 lines filed

IX-11c Accounting feesPrograms $750$750

IX-12 Advertising and promotionPrograms $843$843

IX-13 Office expensesPrograms $488$488

IX-14 Information technologyPrograms $532$532

IX-17 TravelPrograms $1,490$1,490

IX-22 Depreciation, depletion and amortizationPrograms $60,745$60,745

IX-24 Other expenses (24a–d)Programs $26,434$26,434

IX-24e All other expensesPrograms $609$609

IX-25 Total functional expensesPrograms $91,891 · Management $0 · Fundraising $0$91,891

Part X · Balance sheet $551,431 assets, 8 lines filed

Asset lines not itemized here account for $307,773; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $23,710$13,570

X-10c Land, buildings and equipment, netStart of year $246,431$185,686

X-11 Publicly traded securitiesStart of year $44,338$44,402

X-16 Total assetsStart of year $592,093$551,431

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $592,093$551,431

X-32 Total net assets or fund balancesStart of year $592,093$551,431

X-33 Total liabilities and net assetsStart of year $592,093$551,431

Part XI · Reconciliation of net assets $551,431 net assets at year end

XI-1 Total revenue$51,229

XI-2 Total expenses$91,891

XI-3 Revenue less expenses−$40,662

XI-4 Net assets at start of year$592,093

XI-10 Net assets at end of year$551,431

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

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Academy Foundation INC FY2023 filing

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