Union Pointe Academy Corp FY2024 filing

Tax-deductible

Florence, KY501(c)(3)EducationEIN 47-1605174Revenue $507K in FY2024

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.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 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
$119
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$507K
-8% vs prior year
Spent
$477K
To programs
93%
Net assets
$103K
By yearFY2021–FY2025
Revenue
$507K
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$463K
FY2022$490K
FY2023$550K
FY2024$507K
FY2025$245K
Expenses
$477K
FY2024▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2021$490K
FY2022$536K
FY2023$578K
FY2024$477K
FY2025$269K
Net assets
$103K
FY2024▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2021$146K
FY2022$100K
FY2023$72K
FY2024$103K
FY2025$79K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $443K Management & general 7% · $34K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$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 · $443K · in their own filed words · FY2023
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

$443Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$507K
Ln 12
Fees for servicesLn 2g$281K
Gifts and grantsLn 1h$222K
Other incomeLn 4–11$5K
Money outPt IX
$477K
Ln 25
Programscol B$443K
Managementcol C$34K
Owns and owesPt X
$103K
net assets · Ln 32
Cash and savingsLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$119
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$222K
Fees for servicesLn 2g$281K
Investment incomeLn 3$331
Other incomeLn 4–11$5K
Total revenueLn 12$507K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$58K
Cash and savings togetherLn 1–2$103K
Total assetsLn 16$103K
LiabilitiesLn 26$119
Net assetsLn 32$103K
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 FY24End FY24
Cash and savingsLn 1–2$72K$103K
Total assetsLn 16$72K$103K
LiabilitiesLn 26$0$119
Net assetsLn 32$72K$103K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$329K$329K
Payroll taxesLn 10$16K$16K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$11K$11K
Information technologyLn 14$915$915
OccupancyLn 16$65K$65K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$31K$22K$9K
All other expensesLn 24e$5K$4K$660
Total functional expensesLn 25$477K$443K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $245K$269K−$23K$79K 990 PDF
FY2024 Viewing $507K$477K$30K$103K 990 PDF
FY2023 $550K$578K−$27K$72K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $507,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,364$221,500
I-9 Program service revenuePrior year $535,601$280,701
I-10 Investment incomePrior year $223$331
I-11 Other revenuePrior year $11,280$4,586
I-12 Total revenuePrior year $550,468$507,118
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 $468,436$345,675
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $109,402$130,977
I-18 Total expensesPrior year $577,838$476,652
I-19 Revenue less expensesPrior year −$27,370$30,466
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $507,118 across 7 lines filed
VIII-1f All other contributions, gifts and grants$221,500
VIII-1h Total contributions, gifts and grants$221,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $280,701$280,701
VIII-3 Investment incomeRelated to mission $331$331
VIII-8 Net income from fundraising eventsExcluded from tax $2,848$2,848
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,738$1,738
VIII-12 Total revenueRelated to mission $282,770 · Unrelated business $0 · Excluded from tax $2,848$507,118
Part IX · Statement of functional expenses $476,652 across 10 lines filed
IX-7 Other salaries and wagesPrograms $329,326$329,326
IX-10 Payroll taxesPrograms $16,349$16,349
IX-11c Accounting feesManagement $7,075$7,075
IX-11g Other fees for servicesPrograms $6,323$6,323
IX-13 Office expensesManagement $10,634$10,634
IX-14 Information technologyManagement $915$915
IX-16 OccupancyPrograms $65,000$65,000
IX-23 InsuranceManagement $5,691$5,691
IX-24 Other expenses (24a–d)Programs $21,555 · Management $9,142$30,697
IX-24e All other expensesPrograms $3,982 · Management $660$4,642
IX-25 Total functional expensesPrograms $442,535 · Management $34,117 · Fundraising $0$476,652
Part X · Balance sheet $102,829 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $10,129$44,445
X-2 Savings and temporary cash investmentsStart of year $62,115$58,444
X-4 Accounts receivable−$60
X-16 Total assetsStart of year $72,244$102,829
X-17 Accounts payable and accrued expenses$119
X-26 Total liabilitiesStart of year $0$119
X-27 Net assets without donor restrictionsStart of year $72,244$102,710
X-32 Total net assets or fund balancesStart of year $72,244$102,710
X-33 Total liabilities and net assetsStart of year $72,244$102,829
Part XI · Reconciliation of net assets $102,710 net assets at year end
XI-1 Total revenue$507,118
XI-2 Total expenses$476,652
XI-3 Revenue less expenses$30,466
XI-4 Net assets at start of year$72,244
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$102,710

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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