Union Pointe Academy Corp FY2022 filing

Tax-deductible

Florence, KY501(c)(3)EducationEIN 47-1605174Revenue $490K in FY2022

On file with the IRSunionpointeacademy.org7536 US 42 Suite 6, 41042-1946 · Florence, KYTax-exempt since Dec 2014School — 170(b)(1)(A)(ii)

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Private non-profit school. Grades 1-12 benefitting approximately 50+ students in 2021.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
1 of 5
filings with a surplus
Average deficit $19K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $97
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
+6% vs prior year
Spent
$536K
To programs
96%
Net assets
$100K
By yearFY2021–FY2025
Revenue
$490K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$463K
FY2022$490K
FY2023$550K
FY2024$507K
FY2025$245K
Expenses
$536K
FY2022▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2021$490K
FY2022$536K
FY2023$578K
FY2024$477K
FY2025$269K
Net assets
$100K
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2021$146K
FY2022$100K
FY2023$72K
FY2024$103K
FY2025$79K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 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% · $513K Management & general 4% · $23K

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; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$32,425Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Tracy Griffin’s $32K as Board Member is at the 24th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021
Tracy Griffin$32,425$36,296
Sheila Levi—$2,985

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Educates over 50 students in grades 1-12.

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Provided by the organization

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1 program · $513K · in their own filed words · FY2021
01

The school provides private, independent education for grades 1-12 in an atmosphere of biblical tradition. This also alleviates pressure on the public school system

$513Kprogram 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$97

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$490K
Ln 12
Fees for servicesLn 2g$469K
Other incomeLn 4–11$17K
Gifts and grantsLn 1h$4K
Money outPt IX
$536K
Ln 25
Programscol B$513K
Managementcol C$23K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$8K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Fees for servicesLn 2g$469K
Investment incomeLn 3$106
Other incomeLn 4–11$17K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$8K
Net assetsLn 32$100K
OperationsPt I, VI
EmployeesI 518
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$153K$107K
Total assetsLn 16$153K$107K
LiabilitiesLn 26$8K$8K
Net assetsLn 32$146K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$32K$32K
Other salaries and wagesLn 7$368K$368K
Payroll taxesLn 10$32K$32K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$12$12
Office expensesLn 13$9K$9K
Information technologyLn 14$2K$413$1K
OccupancyLn 16$44K$44K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$33K$25K$8K
All other expensesLn 24e$4K$2K$1K
Total functional expensesLn 25$536K$513K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $245K$269K−$23K$79K 990 PDF
FY2024 $507K$477K$30K$103K 990 PDF
FY2023 $550K$578K−$27K$72K 990 PDF
FY2022 Viewing $490K$536K−$46K$100K 990 PDF
FY2021 $463K$490K−$26K$146K 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 FY2022 990 (6 parts)
Part I · Summary $489,867 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$3,950
I-9 Program service revenuePrior year $462,954$469,295
I-10 Investment incomePrior year $0$106
I-11 Other revenuePrior year $0$16,516
I-12 Total revenuePrior year $462,954$489,867
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $379,056$432,190
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,604$103,777
I-18 Total expensesPrior year $489,660$535,967
I-19 Revenue less expensesPrior year −$26,706−$46,100
Part VI · Governance 6 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $489,867 across 7 lines filed
VIII-1f All other contributions, gifts and grants$3,950
VIII-1h Total contributions, gifts and grants$3,950
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $469,295$469,295
VIII-3 Investment incomeExcluded from tax $106$106
VIII-8 Net income from fundraising eventsExcluded from tax $7,341$7,341
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,175$9,175
VIII-12 Total revenueRelated to mission $478,470 · Unrelated business $0 · Excluded from tax $7,447$489,867
Part IX · Statement of functional expenses $535,967 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $32,425$32,425
IX-7 Other salaries and wagesPrograms $368,106$368,106
IX-10 Payroll taxesPrograms $31,659$31,659
IX-11g Other fees for servicesPrograms $7,996$7,996
IX-12 Advertising and promotionPrograms $12$12
IX-13 Office expensesManagement $9,236$9,236
IX-14 Information technologyPrograms $413 · Management $1,204$1,617
IX-16 OccupancyPrograms $44,000$44,000
IX-23 InsuranceManagement $4,000$4,000
IX-24 Other expenses (24a–d)Programs $25,455 · Management $7,614$33,069
IX-24e All other expensesPrograms $2,473 · Management $1,374$3,847
IX-25 Total functional expensesPrograms $512,539 · Management $23,428 · Fundraising $0$535,967
Part X · Balance sheet $107,127 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $68,840$22,607
X-2 Savings and temporary cash investmentsStart of year $84,436$84,520
X-16 Total assetsStart of year $153,276$107,127
X-19 Deferred revenueStart of year $7,562$7,513
X-26 Total liabilitiesStart of year $7,562$7,513
X-27 Net assets without donor restrictionsStart of year $145,714$99,614
X-32 Total net assets or fund balancesStart of year $145,714$99,614
X-33 Total liabilities and net assetsStart of year $153,276$107,127
Part XI · Reconciliation of net assets $99,614 net assets at year end
XI-1 Total revenue$489,867
XI-2 Total expenses$535,967
XI-3 Revenue less expenses−$46,100
XI-4 Net assets at start of year$145,714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$99,614

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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