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What If We Could

Tax-deductible

Southlake, TX501(c)(3)Education EIN 46-4196169Revenue $1.6M in FY2025

On file with the IRS2250 E Continental Blvd, 76092-9792 · Southlake, TXTax-exempt since Jul 2017School — 170(b)(1)(A)(ii)

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The Novus Academy is a creative, innovative, vibrant independent school for bright students (kindergarten through 12th grade) with learning disabilities.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Run by 25 volunteers and 23 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
2 of 5
filings with a surplus
Average deficit $12K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.0M
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 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
$1.6M
-31% vs prior year
Spent
$1.9M
To programs
74%
Net assets
$382K
By yearFY2021–FY2025
Revenue
$1.6M
FY2025▼ -31%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.4M
FY2022$1.9M
FY2023$1.4M
FY2024$2.3M
FY2025$1.6M
Expenses
$1.9M
FY2025▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$2.3M
FY2025$1.9M
Net assets
$382K
FY2025▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2021$381K
FY2022$821K
FY2023$694K
FY2024$692K
FY2025$382K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2016-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jul 2017.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $1.4M Management & general 17% · $326K Fundraising 9% · $159K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Amy Martens
President
$0Pt VII · Sec A
Nakesha Ruegg
Secretary
$0Pt VII · Sec A
Peter Ohser
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See What If We Could 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 15aYes

Programs and updates

Educates bright K-12 students with learning disabilities in a creative, innovative school.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

The Novus Academy established nonprofit school for children from kindergarten to 12th grade within the DFW Metroplex. The school specializes in children who learn differently by providing innovative instruction and scoial and emotional supports. The school year begins in August (after the intial return is due).

$1.4Mprogram 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
American Woodmark Foundation INCFY2023$1K
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$23K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.4M
Managementcol C$326K
Fundraisingcol D$159K
Owns and owesPt X
$382K
net assets · Ln 32
Cash and savingsLn 1–2$847K
Total assetsLn 16$4.4M
LiabilitiesLn 26$4.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Fees for servicesLn 2g$1.5M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$847K
Cash and savings togetherLn 1–2$847K
Land, buildings, equipmentLn 10c$98K
Other assetsLn 15$3.4M
Total assetsLn 16$4.4M
LiabilitiesLn 26$4.0M
Net assetsLn 32$382K
OperationsPt I, VI
EmployeesI 523
VolunteersI 625
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
LineStart FY25End FY25
Cash and savingsLn 1–2$853K$847K
Land, buildings, equipmentLn 10c$80K$98K
Total assetsLn 16$1.3M$4.4M
LiabilitiesLn 26$567K$4.0M
Net assetsLn 32$692K$382K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$979K$212K$132K
Management feesLn 11a$68K$63K$5K$0
Office expensesLn 13$12K$0$12K$0
Information technologyLn 14$6K$4K$973$608
TravelLn 17$114$105$9$0
Depreciation, depletion and amortizationLn 22$16K$15K$1K$0
InsuranceLn 23$42K$0$42K$0
Other expenses (24a–d)Ln 24$358K$285K$46K$27K
All other expensesLn 24e$48K$42K$7K$0
Total functional expensesLn 25$1.9M$1.4M$326K$159K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.6M$1.9M−$311K$382K 990 PDF
FY2024 $2.3M$2.3M$1K$692K 990 PDF
FY2023 $1.4M$1.5M−$105K$694K 990 PDF
FY2022 $1.9M$1.5M$440K$821K 990 PDF
FY2021 $1.4M$1.4M−$84K$381K 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 FY2025 990 (6 parts)
Part I · Summary $1,563,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,667$22,867
I-9 Program service revenuePrior year $2,215,645$1,540,328
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $2,267,312$1,563,195
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,335,966$1,323,509
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $930,257$550,258
I-18 Total expensesPrior year $2,266,223$1,873,767
I-19 Revenue less expensesPrior year $1,089−$310,572
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,563,195 across 4 lines filed
VIII-1f All other contributions, gifts and grants$22,867
VIII-1h Total contributions, gifts and grants$22,867
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,540,328
VIII-12 Total revenueRelated to mission $1,540,328 · Unrelated business $0 · Excluded from tax $0$1,563,195
Part IX · Statement of functional expenses $1,873,767 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $979,397 · Management $211,761 · Fundraising $132,351$1,323,509
IX-11a Management feesPrograms $62,623 · Management $5,446 · Fundraising $0$68,069
IX-13 Office expensesPrograms $0 · Management $11,667 · Fundraising $0$11,667
IX-14 Information technologyPrograms $4,500 · Management $973 · Fundraising $608$6,081
IX-17 TravelPrograms $105 · Management $9 · Fundraising $0$114
IX-22 Depreciation, depletion and amortizationPrograms $14,731 · Management $1,281 · Fundraising $0$16,012
IX-23 InsurancePrograms $0 · Management $42,173 · Fundraising $0$42,173
IX-24 Other expenses (24a–d)Programs $285,391 · Management $45,840 · Fundraising $26,522$357,753
IX-24e All other expensesPrograms $41,785 · Management $6,604 · Fundraising $0$48,389
IX-25 Total functional expensesPrograms $1,388,532 · Management $325,754 · Fundraising $159,481$1,873,767
Part X · Balance sheet $4,376,017 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $853,456$847,446
X-4 Accounts receivableStart of year $278,980$62,860
X-9 Prepaid expenses and deferred chargesStart of year $11,843$14,133
X-10c Land, buildings and equipment, netStart of year $80,009$97,666
X-15 Other assetsStart of year $35,000$3,353,912
X-16 Total assetsStart of year $1,259,288$4,376,017
X-17 Accounts payable and accrued expensesStart of year $85,236$73,519
X-19 Deferred revenueStart of year $481,603$625,538
X-26 Total liabilitiesStart of year $566,839$3,994,140
X-27 Net assets without donor restrictionsStart of year $619,616$299,044
X-28 Net assets with donor restrictionsStart of year $72,833$82,833
X-32 Total net assets or fund balancesStart of year $692,449$381,877
X-33 Total liabilities and net assetsStart of year $1,259,288$4,376,017
Part XI · Reconciliation of net assets $381,877 net assets at year end
XI-1 Total revenue$1,563,195
XI-2 Total expenses$1,873,767
XI-3 Revenue less expenses−$310,572
XI-4 Net assets at start of year$692,449
XI-10 Net assets at end of year$381,877

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

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