To develop academic excellence and principles to bestow their God-Given gifts, in order to be upstanding Assets to their community. And to transform the nations with the education of jesus christ.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $12K a year · 2% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$76K
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 4 voting members
Worth a look: 1 of 4 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$645K
+6% vs prior year
Spent
$624K
To programs
79%
Net assets
$5K
By yearFY2020–FY2024
Revenue
$645K
FY2021▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$610K
FY2021$645K
FY2023$781K
FY2024$773K
Expenses
$624K
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$647K
FY2021$624K
FY2023$796K
FY2024$788K
Net assets
$5K
FY2021▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020$8K
FY2021$5K
FY2023−$213K
FY2024−$228K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2020, reinstated. IRS ruling Apr 2021, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Apr 2021.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $494K Management & general 20% · $125K Fundraising 1% · $5K

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
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Jipsy Reyes’s $52K as President is at the 43rd 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 · 3 named individuals · Part VII

NameFY2024FY2023
Jipsy Reyes$51,822$42,206
Natalia Perez—$18,731
Wilfredo Reyes$14,820—

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.

See Changing Lives Academy 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

Develops academic excellence and Christian principles to empower individuals as community assets and transform nations.

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Provided by the organization

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1 program · $494K · in their own filed words · FY2021
01

Primary and secondary school

$494Kprogram 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$2K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$645K
Ln 12
Fees for servicesLn 2g$568K
Other incomeLn 4–11$78K
Money outPt IX
$624K
Ln 25
Programscol B$494K
Managementcol C$125K
Fundraisingcol D$5K
Owns and owesPt X
$5K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$81K
LiabilitiesLn 26$76K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$568K
Other incomeLn 4–11$78K
Total revenueLn 12$645K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Total assetsLn 16$81K
LiabilitiesLn 26$76K
Net assetsLn 32$5K
OperationsPt I, VI
EmployeesI 524
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$263$81K
Total assetsLn 16$8K$81K
LiabilitiesLn 26$0$76K
Net assetsLn 32$8K$5K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$4K$4K
Other salaries and wagesLn 7$290K$290K
Payroll taxesLn 10$26K$26K
Legal feesLn 11b$44K$44K
Professional fundraising feesLn 11e$5K$5K
Other fees for servicesLn 11g$24K$24K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$3K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$171K$171K
All other expensesLn 24e$46K$46K
Total functional expensesLn 25$624K$494K$125K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $773K$788K−$15K−$228K 990 PDF
FY2023 $781K$796K−$15K−$213K 990 PDF
FY2022 Not on file
FY2021 Viewing $645K$624K$21K$5K 990 PDF
FY2020 $610K$647K−$37K$8K 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 FY2021 990 (6 parts)
Part I · Summary $645,036 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $554,121$567,511
I-10 Investment income$0
I-11 Other revenuePrior year $55,684$77,525
I-12 Total revenuePrior year $609,805$645,036
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$3,861
I-15 Salaries and benefitsPrior year $266,891$315,728
I-16a Professional fundraising feesPrior year $5,181$5,331
I-17 Other expensesPrior year $374,669$299,132
I-18 Total expensesPrior year $646,741$624,052
I-19 Revenue less expensesPrior year −$36,936$20,984
Part VI · Governance 1 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $645,036 across 3 lines filed
Lines not itemized here account for $47,747 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $567,511$567,511
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $29,778$29,778
VIII-12 Total revenueRelated to mission $645,036 · Unrelated business $0 · Excluded from tax $0$645,036
Part IX · Statement of functional expenses $624,052 across 11 lines filed
IX-4 Benefits paid to or for membersPrograms $3,861$3,861
IX-7 Other salaries and wagesPrograms $289,825$289,825
IX-10 Payroll taxesPrograms $25,903$25,903
IX-11b Legal feesManagement $43,815$43,815
IX-11e Professional fundraising feesFundraising $5,331$5,331
IX-11g Other fees for servicesManagement $24,407$24,407
IX-12 Advertising and promotionManagement $1,301$1,301
IX-13 Office expensesPrograms $3,033$3,033
IX-23 InsuranceManagement $9,426$9,426
IX-24 Other expenses (24a–d)Programs $171,428$171,428
IX-24e All other expensesManagement $45,722$45,722
IX-25 Total functional expensesPrograms $494,050 · Management $124,671 · Fundraising $5,331$624,052
Part X · Balance sheet $80,789 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $263$80,789
X-16 Total assetsStart of year $7,651$80,789
X-25 Other liabilities$75,791
X-26 Total liabilitiesStart of year $0$75,791
X-27 Net assets without donor restrictionsStart of year $7,651$4,998
X-32 Total net assets or fund balancesStart of year $7,651$4,998
X-33 Total liabilities and net assetsStart of year $7,651$80,789
Part XI · Reconciliation of net assets $4,998 net assets at year end
XI-1 Total revenue$645,036
XI-2 Total expenses$624,052
XI-3 Revenue less expenses$20,984
XI-4 Net assets at start of year$7,651
XI-8 Prior period adjustments−$23,637
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,998

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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