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Great Academy Foundation INC

Tax-deductible

Albuquerque, NM501(c)(3)Since 2013EducationEIN 46-4312660Revenue $1.2M in FY2025

On file with the IRS3705 Ellison Rd Nw Ste B # 148, 87114-7015 · Albuquerque, NMTax-exempt since Aug 2014Supporting org, Type I — 509(a)(3)

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To receive and to maintain funds in the form of real or personal property for the purpose of supporting the public education purposes of the Great Academy charter school, a new mexico public charter school, providing suitable facilities and other permissible organizational support.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
6 of 6
filings with a surplus
Average surplus $275K a year · 58% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$795K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+302% vs prior year
Spent
$256K
To programs
96%
Net assets
$883K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +302%
Tap a bar for its year
Revenue by fiscal year
FY2020$442K
FY2021$298K
FY2022$297K
FY2023$292K
FY2024$299K
FY2025$1.2M
Expenses
$256K
FY2025▲ +37%
Tap a bar for its year
Expenses by fiscal year
FY2020$198K
FY2021$199K
FY2022$181K
FY2023$162K
FY2024$187K
FY2025$256K
Net assets
$883K
FY2025▲ ×16
Tap a bar for its year
Net assets by fiscal year
FY2020−$508K
FY2021−$410K
FY2022−$295K
FY2023−$177K
FY2024−$65K
FY2025$883K

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

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $246K Management & general 4% · $10K

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

3 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
$0Pt VII · Sec A
$0Pt VII · Sec A
See Great 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

Receives and maintains property and funds to support a public charter school's educational purposes and facilities.

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Provided by the organization

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1 program · $246K · in their own filed words · FY2024
01

The great academy foundation supports the public educational purposes of the great academy charter school, a new mexico public charter school.

$246Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $147K · 2019–2024
Great AcademyFY2024$10,788
Great AcademyFY2023$11,317
Great AcademyFY2022$11,000
Great AcademyFY2021$42,821
Great AcademyFY2020$35,619
Great AcademyFY2019$35,567

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Other incomeLn 4–11$1.2M
Investment incomeLn 3$22
Money outPt IX
$256K
Ln 25
Programscol B$246K
Managementcol C$10K
Owns and owesPt X
$883K
net assets · Ln 32
Cash and savingsLn 1–2$469K
Total assetsLn 16$1.7M
LiabilitiesLn 26$795K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$22
Other incomeLn 4–11$1.2M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$368K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$469K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$795K
Net assetsLn 32$883K
OperationsPt I, VI
EmployeesI 50
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$195K$469K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$1.5M$795K
Net assetsLn 32−$65K$883K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$289$289
OccupancyLn 16$6K$6K
Conferences, conventions and meetingsLn 19$28$28
InterestLn 20$44K$44K
Depreciation, depletion and amortizationLn 22$28K$28K
Other expenses (24a–d)Ln 24$151K$151K
All other expensesLn 24e$91$91
Total functional expensesLn 25$256K$246K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$256K$947K$883K 990 PDF
FY2024 $299K$187K$113K−$65K 990 PDF
FY2023 $292K$162K$130K−$177K 990 PDF
FY2022 $297K$181K$116K−$295K 990 PDF
FY2021 $298K$199K$100K−$410K 990 PDF
FY2020 $442K$198K$244K−$508K 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 $1,203,524 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $15$22
I-11 Other revenuePrior year $299,111$1,203,502
I-12 Total revenuePrior year $299,126$1,203,524
I-13 Grants and similar amounts paidPrior year $11,317$10,788
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $175,290$245,466
I-18 Total expensesPrior year $186,607$256,254
I-19 Revenue less expensesPrior year $112,519$947,270
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,203,524 across 4 lines filed
VIII-3 Investment incomeRelated to mission $22$22
VIII-6 Net rental income or lossRelated to mission $220,366$220,366
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $983,136$983,136
VIII-12 Total revenueRelated to mission $1,203,524$1,203,524
Part IX · Statement of functional expenses $256,254 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $10,788$10,788
IX-11b Legal feesManagement $2,712$2,712
IX-11c Accounting feesManagement $6,996$6,996
IX-11g Other fees for servicesPrograms $6,067$6,067
IX-13 Office expensesManagement $289$289
IX-16 OccupancyPrograms $6,172$6,172
IX-19 Conferences, conventions and meetingsPrograms $28$28
IX-20 InterestPrograms $44,275$44,275
IX-22 Depreciation, depletion and amortizationPrograms $28,287$28,287
IX-24 Other expenses (24a–d)Programs $150,549$150,549
IX-24e All other expensesPrograms $91$91
IX-25 Total functional expensesPrograms $246,257 · Management $9,997 · Fundraising $0$256,254
Part X · Balance sheet $1,677,827 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $58,815$367,566
X-2 Savings and temporary cash investmentsStart of year $136,031$101,043
X-10c Land, buildings and equipment, netStart of year $1,237,505$1,209,218
X-16 Total assetsStart of year $1,435,056$1,677,827
X-26 Total liabilitiesStart of year $1,499,698$795,199
X-27 Net assets without donor restrictionsStart of year −$64,642$882,628
X-32 Total net assets or fund balancesStart of year −$64,642$882,628
X-33 Total liabilities and net assetsStart of year $1,435,056$1,677,827
Part XI · Reconciliation of net assets $882,628 net assets at year end
XI-1 Total revenue$1,203,524
XI-2 Total expenses$256,254
XI-3 Revenue less expenses$947,270
XI-4 Net assets at start of year−$64,642
XI-10 Net assets at end of year$882,628

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

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