The purpose of this organization is to operate exclusively for the benefit of, to perform the functions of, or to carry out the purposes of Nova Academy, a california nonprofit public benefit corporation operating as a california public charter school.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 4 volunteers and 1 employee.
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
4 of 6
filings with a surplus
Average surplus $457K a year · 51% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
41 mo
of spending, in cash
Looks good: 40.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15.5M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$434K
-86% vs prior year
Spent
$984K
To programs
99%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$434K
FY2025▼ -86%
Tap a bar for its year
Revenue by fiscal year
FY2020$182K
FY2021$453K
FY2022$249K
FY2023$885K
FY2024$3.2M
FY2025$434K
Expenses
$984K
FY2025▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$235K
FY2021$184K
FY2022$203K
FY2023$359K
FY2024$685K
FY2025$984K
Net assets
$3.5M
FY2025▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11K
FY2021$258K
FY2022$303K
FY2023$829K
FY2024$3.8M
FY2025$3.5M

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2015.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $973K Management & general 1% · $11K

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

4 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
Interim Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Nova Academy Childrens 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

Operates Nova Academy to provide educational services.

Questions for Nova Academy Childrens Foundation INC

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Provided by the organization

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1 program · $973K · in their own filed words · FY2024
01

Organization raises funds to provide financial support and owns and provides the rental of the operating facility for nova academy's benefit and the educational program and educational activities of nova academy, a california nonprofit public benefit corporation operating as a california public charter school.

$973Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$6K
Grants paid · 5 grants · $1.8M · 2019–2024
Nova AcademyCA · FY2024$968,633
Nova AcademyCA · FY2023$640,008
Nova AcademyCA · FY2022$50,000
Nova AcademyCA · FY2019$95,092
Unitemized GrantFY2019$1,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$434K
Ln 12
Other incomeLn 4–11$201K
Gifts and grantsLn 1h$161K
Investment incomeLn 3$72K
Money outPt IX
$984K
Ln 25
Programscol B$973K
Managementcol C$11K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$19.0M
LiabilitiesLn 26$15.5M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Investment incomeLn 3$72K
Other incomeLn 4–11$201K
Total revenueLn 12$434K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$3.3M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$14.8M
Other assetsLn 15$850K
Total assetsLn 16$19.0M
LiabilitiesLn 26$15.5M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
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 FY25End FY25
Cash and savingsLn 1–2$4.1M$3.4M
Land, buildings, equipmentLn 10c$15.0M$14.8M
Total assetsLn 16$19.7M$19.0M
LiabilitiesLn 26$15.9M$15.5M
Net assetsLn 32$3.8M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$969K$969K
Other salaries and wagesLn 7$2K$2K
Payroll taxesLn 10$160$160
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$446$446
Office expensesLn 13$30$30
Information technologyLn 14$118$118
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$984K$973K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $434K$984K−$550K$3.5M 990 PDF
FY2024 $3.2M$685K$2.5M$3.8M 990 PDF
FY2023 $885K$359K$526K$829K 990 PDF
FY2022 $249K$203K$46K$303K 990 PDF
FY2021 $453K$184K$268K$258K 990 PDF
FY2020 $182K$235K−$53K−$11K 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 $434,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,315$161,455
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,495$72,203
I-11 Other revenuePrior year $3,085,157$200,756
I-12 Total revenuePrior year $3,186,967$434,414
I-13 Grants and similar amounts paidPrior year $640,008$968,633
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $25,990$2,246
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,229$13,139
I-18 Total expensesPrior year $685,227$984,018
I-19 Revenue less expensesPrior year $2,501,740−$549,604
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $434,414 across 5 lines filed
VIII-1f All other contributions, gifts and grants$161,455
VIII-1h Total contributions, gifts and grants$161,455
VIII-3 Investment incomeExcluded from tax $72,203$72,203
VIII-6 Net rental income or lossRelated to mission $200,756$200,756
VIII-12 Total revenueRelated to mission $200,756 · Unrelated business $0 · Excluded from tax $72,203$434,414
Part IX · Statement of functional expenses $984,018 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $968,633$968,633
IX-7 Other salaries and wagesPrograms $2,086$2,086
IX-10 Payroll taxesPrograms $160$160
IX-11c Accounting feesManagement $7,802$7,802
IX-12 Advertising and promotionManagement $446$446
IX-13 Office expensesManagement $30$30
IX-14 Information technologyManagement $118$118
IX-23 InsuranceManagement $2,829$2,829
IX-24 Other expenses (24a–d)Programs $1,914$1,914
IX-25 Total functional expensesPrograms $972,793 · Management $11,225 · Fundraising $0$984,018
Part X · Balance sheet $18,972,355 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,835,524$30,293
X-2 Savings and temporary cash investmentsStart of year $1,270,695$3,326,310
X-4 Accounts receivableStart of year $745$0
X-10c Land, buildings and equipment, netStart of year $14,989,804$14,765,517
X-15 Other assetsStart of year $597,647$850,235
X-16 Total assetsStart of year $19,694,415$18,972,355
X-17 Accounts payable and accrued expensesStart of year $880$880
X-20 Tax-exempt bond liabilitiesStart of year $15,867,452$15,494,158
X-26 Total liabilitiesStart of year $15,868,332$15,495,038
X-27 Net assets without donor restrictionsStart of year $3,826,083$3,477,317
X-32 Total net assets or fund balancesStart of year $3,826,083$3,477,317
X-33 Total liabilities and net assetsStart of year $19,694,415$18,972,355
Part XI · Reconciliation of net assets $3,477,317 net assets at year end
XI-1 Total revenue$434,414
XI-2 Total expenses$984,018
XI-3 Revenue less expenses−$549,604
XI-4 Net assets at start of year$3,826,083
XI-9 Other changes in net assets$200,838
XI-10 Net assets at end of year$3,477,317

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

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